INSTALLS
ActiveSummary
INSTALLS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,575 and a net result of -€7,228. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 5.22 against 7.79 in 2024; short-term debt: 17.9% and cash: 53% of total assets), and 17.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
-8.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,228
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
29 d late
2022
28 d late
2021
30 d late
2020
44 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€67,575▼ 9.7%
2024 · €74,803
Total assets
€82,272▼ 2.9%
2024 · €84,743
Net result
-€7,228▲ 16.1%
2024 · -€8,618
Working capital
€61,992▼ 8.2%
2024 · €67,504
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,670▼ 18.8%€2,883▼ 81.6%€16,400▲ 469%-€7,262-€4,837▲ 33.4%
Net result€9,079▼ 52.8%-€3,444€17,747-€8,618-€7,228▲ 16.1%
Equity€69,118▲ 15.1%€65,674▼ 5.0%€83,421▲ 27.0%€74,803▼ 10.3%€67,575▼ 9.7%
Total assets€73,897▲ 7.1%€72,937▼ 1.3%€90,361▲ 23.9%€84,743▼ 6.2%€82,272▼ 2.9%
Debt€4,780▼ 46.7%€7,263▲ 52.0%€6,940▼ 4.4%€9,940▲ 43.2%€14,697▲ 47.9%
Working capital€61,556▲ 14.2%€60,290▼ 2.1%€73,419▲ 21.8%€67,504▼ 8.1%€61,992▼ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,837 in 2025 against €7,262 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,272
Fixed assets
€5,583 ▼ 23.5%
Current assets
€76,689 ▼ 1.0%
Equity and liabilities €82,272
Equity
€67,575 ▼ 9.7%
Debt
€14,697 ▲ 47.9%
Debt's share of the balance-sheet total rises from 11.7% to 17.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,121▲
2024 · -€4,559
Cash flow
-€5,513▲
2024 · -€5,915
Current ratio
5.22▼
2024 · 7.79
Quick ratio
4.75▼
2024 · 6.76
Debt to equity
0.22▲
2024 · 0.13
ROE
-10.7%▲
2024 · -11.5%
ROA
-8.8%▲
2024 · -10.2%
Interest coverage
-10.22▲
2024 · -19.84
Debt ≤ 1 year
€14,697▲
2024 · €9,940
Income taxes
€2,090▲
2024 · €1,500
Staff costs
€5,359▲
2024 · €3,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7 | €10 | €260 | €400 | €75 | ▼ 81.3% |
| Remuneration, social security and pensions62 | €1,002 | €2,550 | €3,418 | €3,366 | €5,359 | ▲ 59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,775 | €2,178 | €2,095 | €2,703 | €1,715 | ▼ 36.5% |
| Other operating charges640/8 | €209 | €255 | €311 | €310 | €226 | ▼ 27.1% |
| Gross operating margin9900 | €18,656 | €7,866 | €22,223 | -€884 | €2,464 | ▲ 379% |
| Operating profit (loss)9901 | €15,670 | €2,883 | €16,400 | -€7,262 | -€4,837 | ▲ 33.4% |
| Financial income75/76B | €127 | €372 | €794 | €374 | €3 | ▼ 99.1% |
| Recurring financial income75 | €127 | €372 | €794 | €374 | €3 | ▼ 99.1% |
| Financial charges65/66B | €133 | €200 | €212 | €230 | €305 | ▲ 32.9% |
| Recurring financial charges65 | €133 | €200 | €212 | €230 | €305 | ▲ 32.9% |
| Profit (loss) for the period before taxes9903 | €15,663 | €3,056 | €16,982 | -€7,118 | -€5,138 | ▲ 27.8% |
| Income taxes67/77 | €6,585 | €6,500 | -€765 | €1,500 | €2,090 | ▲ 39.3% |
| Profit (loss) for the period9904 | €9,079 | -€3,444 | €17,747 | -€8,618 | -€7,228 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €9,079 | -€3,444 | €17,747 | -€8,618 | -€7,228 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,897 | €72,937 | €90,361 | €84,743 | €82,272 | ▼ 2.9% |
| Fixed assets21/28 | €7,562 | €5,384 | €10,001 | €7,298 | €5,583 | ▼ 23.5% |
| Tangible fixed assets22/27 | €7,512 | €5,334 | €9,951 | €7,248 | €5,533 | ▼ 23.7% |
| Plant, machinery and equipment23 | €4,907 | €3,784 | €9,304 | €7,248 | €5,533 | ▼ 23.7% |
| Furniture and vehicles24 | €2,605 | €1,550 | €647 | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €66,335 | €67,553 | €80,360 | €77,445 | €76,689 | ▼ 1.0% |
| Stocks and contracts in progress3 | €6,077 | €5,008 | €5,873 | €10,240 | €6,904 | ▼ 32.6% |
| Stocks30/36 | €6,077 | €5,008 | €5,873 | €10,240 | €6,904 | ▼ 32.6% |
| Amounts receivable within one year40/41 | €16,811 | €13,022 | €22,752 | €27,957 | €26,171 | ▼ 6.4% |
| Trade receivables40 | €8,517 | €7,349 | €11,184 | €21,807 | €15,279 | ▼ 29.9% |
| Other amounts receivable41 | €8,294 | €5,673 | €11,568 | €6,150 | €10,893 | ▲ 77.1% |
| Cash at bank and in hand54/58 | €43,341 | €49,157 | €51,457 | €38,957 | €43,613 | ▲ 12.0% |
| Deferred charges and accrued income490/1 | €107 | €366 | €277 | €290 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,897 | €72,937 | €90,361 | €84,743 | €82,272 | ▼ 2.9% |
| Equity10/15 | €69,118 | €65,674 | €83,421 | €74,803 | €67,575 | ▼ 9.7% |
| Contributions10/11 | €2 | €2 | - | - | - | - |
| Reserves13 | €18,600 | €18,600 | €18,602 | €18,602 | €18,602 | = |
| Non-distributable reserves130/1 | €18,600 | €18,600 | - | - | - | - |
| Reserves not available under the articles1311 | €18,600 | €18,600 | - | - | - | - |
| Distributable reserves133 | - | - | €18,602 | €18,602 | €18,602 | = |
| Profit (loss) carried forward14 | €50,516 | €47,072 | €64,819 | €56,201 | €48,973 | ▼ 12.9% |
| Amounts payable17/49 | €4,780 | €7,263 | €6,940 | €9,940 | €14,697 | ▲ 47.9% |
| Amounts payable within one year42/48 | €4,780 | €7,263 | €6,940 | €9,940 | €14,697 | ▲ 47.9% |
| Trade debts44 | €3,430 | €3,182 | €6,940 | €7,692 | €12,697 | ▲ 65.1% |
| Suppliers440/4 | €3,430 | €3,182 | €6,940 | €7,692 | €12,697 | ▲ 65.1% |
| Advances received on contracts in progress46 | €1,350 | €1,350 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1,717 | - | €2,248 | €2,000 | ▼ 11.0% |
| Taxes450/3 | - | - | - | €248 | - | - |
| Remuneration and social security454/9 | - | €1,717 | - | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | €1,014 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,079 | -€3,444 | €17,747 | -€8,618 | -€7,228 | ▲ 16.1% |
| + Depreciation and write-downs630 | €1,775 | €2,178 | €2,095 | €2,703 | €1,715 | ▼ 36.5% |
| Operating cash flow (approximation) | €10,854 | -€1,266 | €19,842 | -€5,915 | -€5,513 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | €0 | -€6,712 | €0 | €0 | - |
| Change in cash | - | €5,816 | €2,301 | -€12,500 | €4,656 | ▲ 137% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€8,618
Net result drops to -€8,618, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €17,747
Net result €17,747 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial
Highest result since 2018net €19,215 ▲68.9%
Operating result €19,289, net result €19,215, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Court-Saint-Etienne · 1 establishment unit since 2011
Ground area
1,470 m²
Building footprint
185 m²
Volume, LiDAR
1,555 m³
2 parcels, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
INSTALLS
since 20112.194.430.010
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023A0527/00B000 | Wallonia | 1,381 m² | 1 · 75 m² | 6.3 m · 2 fl. |
| 25102C0305/00C002 | Wallonia | 89 m² | 1 · 110 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0892.245.590
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DALITEQ
BE 0568.658.441
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TRAVTECH
BE 0747.688.965
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Ewco-elektro
BE 0567.934.703
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 364 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43211General electrical installation work
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831586542
Also
9925:BE0831586542
Registered
07-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.