Financials
- Fiscal year
- 2024
- Total assets
- €207,315
- Loss
- -€31,729
- Solvency
- 49.7%
Total assets▼ 34.6%
Net result
20182024
INSTALLEC
ActiveThe file of INSTALLEC contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 3.1% (moderate). The 2024 annual accounts show equity of €103,051 and a net result of -€31,729. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 36397 sector peers (fiscal year 2024).
Overview
Activity
Other specialised construction activities
NACE 43990General electrical installation work NACE 43211NACE 43999
1 site
Size
€207,315total assets 2024
- Equity
- €103,051
- Loss
- -€31,729
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 49- 1 financial year not filed after the legal deadline; latest accounts 94 days late; 3 of the last 3 late- Figures for FY 2024 (filed 06-11-2025)- Loss of €31,729 (FY 2024)+ Founded in 2003Show the evidence
Checked score
Score 2024
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 29% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
75+7
equity 49.7% of total assets
Liquidity
41+6
short-term debt 34.5% · cash 4.8%
Profitability
36-39
return on assets -15.3%
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.1%
12-2024: 5.0%▲ +23.2% vs 11-2024
01-2025: 8.4%▲ +68.7% vs 12-2024highest value
02-2025: 8.4%● 0.0% vs 01-2025highest value
03-2025: 3.2%▼ -62.2% vs 02-2025
04-2025: 3.2%▲ +0.3% vs 03-2025
05-2025: 3.0%▼ -5.6% vs 04-2025
06-2025: 2.9%▼ -5.0% vs 05-2025
07-2025: 3.1%▲ +9.2% vs 06-2025
08-2025: 3.8%▲ +20.8% vs 07-2025
09-2025: 4.1%▲ +8.1% vs 08-2025
10-2025: 4.9%▲ +18.9% vs 09-2025
11-2025: 4.5%▼ -6.9% vs 10-2025
12-2025: 2.4%▼ -46.1% vs 11-2025
01-2026: 2.4%▼ -1.4% vs 12-2025
02-2026: 2.4%● 0.0% vs 01-2026
03-2026: 2.4%▼ -0.7% vs 02-2026
04-2026: 2.4%▲ +0.3% vs 03-2026
05-2026: 2.2%▼ -6.8% vs 04-2026
06-2026: 2.2%▼ -2.9% vs 05-2026lowest value
07-2026: 2.2%▲ +2.0% vs 06-2026
08-2026: 2.8%▲ +24.9% vs 07-2026
09-2026: 2.6%▼ -4.6% vs 08-2026
10-2026: 3.1%▲ +16.7% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 94 days late; 3 of the last 3 late raises the probability
- Founded in 2003 lowers the probability for this profile
- Figures for FY 2024 (filed 06-11-2025) raises the probability
- Loss of €31,729 (FY 2024) raises the probability
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.96 in 2023; short-term debt: 34.5% and cash: 4.8% of total assets), and 50.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 54%, liquidity 30%, profitability 18%, growth against the median 16%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-11-2025, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
94 d late
2023
187 d late
2022
239 d late
2021
604 d late
2020
242 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 243 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€31,729
Key points
By topic
Timeline
- Events
- 16
- Since
- 2013
- 02-11-2025Annual accounts filed
- 03-02-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 18-03-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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