JB Elektro

Active

Private limited companyfounded 20215 yrs activeDoreken 8, 9690 Kluisbergen, BelgiumKBO/BCE: BE 0767.643.053

Summary

The computed 12-month bankruptcy probability of JB Elektro is 2.7% (moderate). The 2024 annual accounts show equity of €20k and a net result of €74. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

51 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability66▼-16

Solvency54▲+6

Growth52=

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.31 against 1.25 in 2023; short-term debt: 69.5% and cash: 16% of total assets), and 71.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

28.6%

Return on assets

0.1%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

30 d late

2022

31 d late

2021

130 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€20k▲ 0.4%

2023 · €20k

2021: €15k 2022: €15k 2023: €20k

2021 → 2024

Total assets

€69k▼ 20.4%

2023 · €87k

2021: €67k 2022: €81k 2023: €87k

2021 → 2024

Net result

€74▼ 99.2%

2023 · €9k

2021: €10k 2022: €1k 2023: €9k

2021 → 2024

Working capital

€15k▼ 7.1%

2023 · €16k

2021: €3k 2022: €9k 2023: €16k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€15k-€15k▲ 2.9%€20k▲ 32.3%€20k▲ 0.4%

Operating result€15k-€3k▼ 80.4%€15k▲ 425%€3k▼ 80.7%

Net result€10k-€1k▼ 88.2%€9k▲ 674%€74▼ 99.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 81% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €69k

91.4%

Fixed assets €6k ▲ 41.9%

Current assets €63k ▼ 23.5%

Equity and liabilities €69k

28.6%

71.4%

Equity €20k ▲ 0.4%

Debt €50k ▼ 26.5%

Debt's share of the balance-sheet total falls from 77.3% to 71.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▼

2023 · €20k

Cash flow

€3k▼

2023 · €15k

Current ratio

1.31▲

2023 · 1.25

Quick ratio

1.10▼

2023 · 1.11

Debt to equity

2.49▼

2023 · 3.40

ROE

0.4%▼

2023 · 47.6%

ROA

0.1%▼

2023 · 10.8%

Interest coverage

5.67▼

2023 · 7.83

Debt ≤ 1 year

€48k▼

2023 · €67k

Income taxes

€2k▼

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines

Balance sheet Code20232024

Assets

Total assets20/58€87k€69k▼

Fixed assets21/28€4k€6k▲

Tangible fixed assets22/27€4k€6k▲

Plant, machinery and equipment23€955€0▼

Furniture and vehicles24€3k€6k▲

Current assets29/58€83k€63k▼

Stocks and contracts in progress3€9k€11k▲

Stocks30/36€9k€11k▲

Amounts receivable within one year40/41€27k€42k▲

Trade receivables40€13k€37k▲

Other amounts receivable41€13k€5k▼

Cash at bank and in hand54/58€47k€11k▼

Deferred charges and accrued income490/1€487€0▼

Equity and liabilities

Total equity and liabilities10/49€87k€69k▼

Equity10/15€20k€20k▲

Contributions10/11€5k€5k=

Reserves13€15k€15k▲

Distributable reserves133€15k€15k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€67k€50k▼

Amounts payable within one year42/48€67k€48k▼

Trade debts44€47k€25k▼

Suppliers440/4€47k€25k▼

Taxes, remuneration and social security45€4k€5k▲

Taxes450/3€4k€5k▲

Other amounts payable47/48€15k€17k▲

Accrued charges and deferred income492/3€763€1k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼

Other operating charges640/8€3k€759▼

Gross operating margin9900€24k€7k▼

Operating profit (loss)9901€15k€3k▼

Financial income75/76B€39€9▼

Recurring financial income75€39€9▼

Financial charges65/66B€3k€1k▼

Recurring financial charges65€3k€1k▼

Profit (loss) for the period before taxes9903€13k€2k▼

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€9k€74▼

Profit (loss) for the period to be appropriated9905€9k€74▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€74▼

Transfer to equity691/2€5k€74▼

To other reserves6921€5k€74▼

Profit to be distributed694/7€5k€0▼

Return on contributions (dividend)694€833€0▼

Directors or managers695€4k€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

31-12

Financial Weakest financial yearnet €74 ▼99.2%

Net result drops to €74, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

08-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 130 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Kluisbergen · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Doreken 89690 Kluisbergen

Ground area

780 m²

Building footprint

100 m²

Volume, LiDAR

482 m³

Parcel 45043B0448/00K000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

JB Elektro

Doreken 8, 9690 KluisbergenRepair, maintenance and installation of machinery and equipment

since 20212.316.560.334

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45043B0448/00K000	Flanders	780 m²	1 · 100 m²	7.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

SST Services

BE 0755.563.781

Vilvoorde · Eq €19,905

Charleroi · Eq €19,878

N.P. ELECTRICITY

BE 1008.254.820

Wezembeek-Oppem · Eq €19,867

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-04-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

43212Electrical installation work in industrial facilities

43222Installation of electric heating, air conditioning, cooling and ventilation

43240Other construction installation

46140Agents in the wholesale of industrial machinery, ships and aircraft

71121Engineering and related technical consultancy, excluding land surveyors

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.