JElectric
ActiveSummary
The computed 12-month bankruptcy probability of JElectric is 2.2% (moderate). The 2025 annual accounts show equity of €197k and a net result of €72k. Equity is growing by ~53% per year across the filed fiscal years. Its solvency ranks better than 38% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency61▼-33
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 3.7 in 2024; short-term debt: 21.1% and cash: 7.6% of total assets), and 64% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36%
Return on assets
13.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▲ 58.1%
2024 · €124k
Total assets
€546k▲ 203%
2024 · €181k
Net result
€72k▲ 21.6%
2024 · €59k
Working capital
€34k▼ 57.9%
2024 · €81k
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
Line202320242025
Operating result€110k-€83k▼ 24.7%€100k▲ 20.2%
Net result€84k-€59k▼ 29.5%€72k▲ 21.6%
Equity€65k-€124k▲ 91.6%€197k▲ 58.1%
Total assets€196k-€181k▼ 7.8%€546k▲ 203%
Debt€131k-€56k▼ 57.1%€350k▲ 521%
Working capital€22k-€81k▲ 266%€34k▼ 57.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €546k
Fixed assets
€397k ▲ 473%
Current assets
€150k ▲ 34.4%
Equity and liabilities €546k
Equity
€197k ▲ 58.1%
Debt
€350k ▲ 521%
Debt's share of the balance-sheet total rises from 31.2% to 64.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129k▲
2024 · €103k
Cash flow
€102k▲
2024 · €79k
Current ratio
1.30▼
2024 · 3.70
Quick ratio
1.07▼
2024 · 3.17
Debt to equity
1.78▲
2024 · 0.45
ROE
36.8%▼
2024 · 47.8%
ROA
13.2%▼
2024 · 32.9%
Interest coverage
20.36▼
2024 · 126.24
Debt ≤ 1 year
€115k▲
2024 · €30k
Debt > 1 year
€231k▲
2024 · €26k
Income taxes
€21k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €20k | €29k | ▲ 48.0% |
| Other operating charges640/8 | €398 | €484 | €3k | ▲ 615% |
| Gross operating margin9900 | €120k | €103k | €133k | ▲ 28.3% |
| Operating profit (loss)9901 | €110k | €83k | €100k | ▲ 20.2% |
| Financial income75/76B | €308 | €8 | €3 | ▼ 64.0% |
| Recurring financial income75 | €308 | €8 | €3 | ▼ 64.0% |
| Financial charges65/66B | €333 | €816 | €6k | ▲ 678% |
| Recurring financial charges65 | €333 | €816 | €6k | ▲ 678% |
| Profit (loss) for the period before taxes9903 | €110k | €82k | €94k | ▲ 13.6% |
| Income taxes67/77 | €26k | €23k | €21k | ▼ 7.0% |
| Profit (loss) for the period9904 | €84k | €59k | €72k | ▲ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €84k | €59k | €72k | ▲ 21.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €196k | €181k | €546k | ▲ 203% |
| Fixed assets21/28 | €78k | €69k | €397k | ▲ 473% |
| Tangible fixed assets22/27 | €78k | €69k | €397k | ▲ 473% |
| Land and buildings22 | €11k | €10k | €356k | ▲ 3,469% |
| Plant, machinery and equipment23 | €7k | €6k | €4k | ▼ 22.0% |
| Furniture and vehicles24 | €60k | €54k | €37k | ▼ 32.0% |
| Current assets29/58 | €118k | €111k | €150k | ▲ 34.4% |
| Stocks and contracts in progress3 | - | €16k | €26k | ▲ 60.8% |
| Stocks30/36 | - | €16k | €26k | ▲ 60.8% |
| Amounts receivable within one year40/41 | €74k | €49k | €80k | ▲ 63.5% |
| Trade receivables40 | €59k | €49k | €75k | ▲ 54.0% |
| Other amounts receivable41 | €15k | €0 | €5k | - |
| Cash at bank and in hand54/58 | €42k | €44k | €41k | ▼ 5.5% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | ▼ 0.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €196k | €181k | €546k | ▲ 203% |
| Equity10/15 | €65k | €124k | €197k | ▲ 58.1% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €63k | €122k | €195k | ▲ 59.1% |
| Distributable reserves133 | €63k | €122k | €195k | ▲ 59.1% |
| Profit (loss) carried forward14 | €0 | €0 | - | - |
| Amounts payable17/49 | €131k | €56k | €350k | ▲ 521% |
| Amounts payable after more than one year17 | €35k | €26k | €231k | ▲ 782% |
| Financial debts170/4 | €35k | €26k | €231k | ▲ 782% |
| Amounts payable within one year42/48 | €96k | €30k | €115k | ▲ 284% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €26k | ▲ 190% |
| Trade debts44 | €40k | €10k | €23k | ▲ 132% |
| Suppliers440/4 | €40k | €10k | €23k | ▲ 132% |
| Taxes, remuneration and social security45 | €32k | €10k | €6k | ▼ 41.9% |
| Taxes450/3 | €32k | €10k | €6k | ▼ 41.9% |
| Other amounts payable47/48 | €15k | €874 | €61k | ▲ 6,830% |
| Accrued charges and deferred income492/3 | - | - | €3k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €59k | €72k | ▲ 21.6% |
| + Depreciation and write-downs630 | €10k | €20k | €29k | ▲ 48.0% |
| Operating cash flow (approximation) | €94k | €79k | €102k | ▲ 28.2% |
| Investment in fixed assets (approximation) | - | €-11k | €-357k | ▼ 3,014% |
| Change in cash | - | €2k | €-2k | ▼ 246% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €197k ▲58.1%
3 profitable years in a row build equity to €197k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €59k ▼29.5%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.70
Current ratio from 1.23 to 3.70; short-term debt falls from €96k to €30k.
31-12
Financial
Equity above €100kEq €124k ▲91.6%
2 profitable years in a row build equity to €124k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Izegem · 1 establishment unit since 2022
Ground area
1.8 ha
Building footprint
2,311 m²
Volume, LiDAR
590 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JElectric
since 20222.339.003.164
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1846/00E000 | Flanders | 1.8 ha | 1 · 2,199 m² | - |
| 36009A0403/00L002 | Flanders | 608 m² | 1 · 112 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 891 EUR awarded · 891 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 308 EUR | 308 EUR |
| 2024 | 1 | 583 EUR | 583 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,295 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
Founded01-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
46140Agents in the wholesale of industrial machinery, ships and aircraft
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.