INSTALLATIONS ET MAINTENANCE ELECTRIQUES

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of INSTALLATIONS ET MAINTENANCE ELECTRIQUES is 0.7% (low). The 2024 annual accounts show equity of €56k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 499 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 499 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

A punctual record breaks

This company filed 8 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	06-08-2025	6 d late	2025-00361353
31-12-2023	31-07-2024	16-07-2024	15 d early	2024-00248416
31-12-2022	31-07-2023	24-07-2023	7 d early	2023-00262327
31-12-2021	31-07-2022	01-07-2022	30 d early	2022-20128373
31-12-2020	31-07-2021	19-07-2021	12 d early	2021-37300543
31-12-2019	31-07-2020	17-07-2020	14 d early	2020-31200114
31-12-2018	31-07-2019	30-07-2019	1 d early	2019-41200347
31-12-2017	31-07-2018	30-07-2018	1 d early	2018-40900071
31-12-2016	31-07-2017	27-07-2017	4 d early	2017-38100374
31-12-2015	31-07-2016	03-08-2016	3 d late	2016-39800363

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2004, 22 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€13k+65.3%

Working capital€71k

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 06-08-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~45% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	9.2%	36.6%	better than 16% of 499 sector peers
Net result	€13k	€19k	better than 42% of 497 sector peers
Equity	€56k	€90k	better than 42% of 499 sector peers
Gross operating margin	€473k	€111k	better than 78% of 468 sector peers
Staff costs	€367k	€150k	higher than 70% of 331 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P16

Stable position over 2020-2024 · n=293-499

Net result P42

Improving position over 2020-2024 · n=293-497

Equity P42

Improving position over 2020-2024 · n=293-499

Gross operating margin P78

Stable position over 2020-2024 · n=267-468

Describes the position versus peers, not a forecast.

EBITDA

€99k

+2.7% 18-24

Net profit

€13k

+65.3% 18-24

Cash flow

€74k

+5.9% 18-24

Total assets

€611k

-12.2% 18-24

Equity

€56k

+20.6% 18-24

Working capital

€71k

- 18-24

Employees (FTE)

5

+4.0% 18-24

Staff costs

€367k

+12.6% 18-24

Show 11 other metrics

Income taxes

€9k

+4.9% 18-24

Debt

€555k

-14.6% 18-24

Debt ≤ 1y

€411k

-5.2% 18-24

Debt > 1y

€144k

-33.5% 18-24

Current ratio

1.17

+19.2% 18-24

Quick ratio

1.04

+17.9% 18-24

Solvency

9.2%

+37.5% 18-24

Debt / equity

9.89

-29.2% 18-24

ROE

22.8%

+37.0% 18-24

ROA

2.1%

+88.4% 18-24

Interest coverage

4.23

+7.4% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€99k
Net profit	€13k
Cash flow	€74k
Staff costs	€367k
Income taxes	€9k
Dividends	-
Total assets	€611k
Equity	€56k
Debt	€555k
of which ≤ 1y	€411k
of which > 1y	€144k
Working capital	€71k
Employees (FTE)	5.2

Ratios (computed)

	2024
Current ratio	1.17
Quick ratio	1.04
Working capital ratio	11.6%
Solvency	9.2%
Debt / equity	9.89
Long-term debt ratio	2.56
Interest coverage	4.23
Gross margin	-
Net margin	-
ROA	2.1%
ROE	22.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €129k · 21.1% Current assets €482k · 79.0%

Equity & liabilities

Equity €56k · 9.2% Debt €555k · 90.8%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€611k
Fixed assets	21/28	€129k
Tangible fixed assets	22/27	€128k
Financial fixed assets	28	€205
Current assets	29/58	€482k
Stocks & contracts in progress	3	€53k
Amounts receivable within one year	40/41	€271k
Investments	50/53	€80k
Cash & bank	54/58	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€611k
Equity	10/15	€56k
Contributions / capital	10/11	€65k
Reserves	13	€44k
Accumulated profits (losses)	14	€-60k
Amounts payable	17/49	€555k
Amounts payable after one year	17	€144k
Amounts payable within one year	42/48	€411k
Trade debts payable within one year	44	€177k
Income statement
Gross operating margin	9900	€473k
Operating result	9901	€38k
Financial income	75	€7k
Financial charges	65	€23k
Result before taxes	9903	€22k
Income taxes	67/77	€9k
Net result for the period	9904	€13k
Result to be appropriated	9905	€13k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

76 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

SRL AD TerramLegal entity
Director
State Gazette act 24086685 (07-06-2024)

Current
07-06-2024 → present

Former directors (1)

Gian Carlo Rosi
Director
State Gazette act 24086685 (07-06-2024)

Former
- → 30-06-2023
2 events
- 30-06-2023 Resigned· Director
- 30-06-2023 Resigned· Managing director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene elektrotechnische installatiewerken(43211)
Legal form	Public limited company(014)
Incorporation	14-01-2004
Status	Active
Postal code	5380

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Trou du Sart, ZI, Nov. 45380 Fernelmont

Establishment units

1 location

sa installations et maintenance électriques

Rue du Trou du Sart, ZI, Nov. 4, 5380 FernelmontGroothandel in onderdelen en accessoires van auto's inclusief de groothandel in tweedehands onderdelen

since 20042.135.165.384

Physical sites registered in the Crossroads Bank for Enterprises (CBE).