K-ELEC
ActiveSummary
K-ELEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,247 and a net result of €33,378. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 4.4 against 3.75 in 2024; short-term debt: 21.7% and cash: 0.2% of total assets), and 21.7% 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 · 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
78.3%
Return on assets
12.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
28 d late
2023
61 d late
2022
28 d early
2021
19 d early
2020
74 d early
2019
18 d early
← 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 3 days before 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. Usually files around 28 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€215,247▲ 18.4%
2024 · €181,868
Total assets
€275,031▲ 13.3%
2024 · €242,745
Net result
€33,378▼ 54.7%
2024 · €73,744
Working capital
€203,484▲ 21.7%
2024 · €167,245
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,707€4,122▼ 87.0%€79,367▲ 1,825%€101,583▲ 28.0%€48,532▼ 52.2%
Net result€25,164within the sector's middle half€2,564within the sector's middle half▼ 89.8%€54,751above the sector's middle half▲ 2,036%€73,744above the sector's middle half▲ 34.7%€33,378above the sector's middle half▼ 54.7%
Equity€58,810within the sector's middle half▲ 74.8%€61,374within the sector's middle half▲ 4.4%€116,125within the sector's middle half▲ 89.2%€181,868above the sector's middle half▲ 56.6%€215,247above the sector's middle half▲ 18.4%
Total assets€91,385within the sector's middle half▲ 54.4%€90,949within the sector's middle half▼ 0.5%€271,622within the sector's middle half▲ 199%€242,745within the sector's middle half▼ 10.6%€275,031within the sector's middle half▲ 13.3%
Debt€32,575▲ 27.6%€29,576▼ 9.2%€155,497▲ 426%€60,877▼ 60.8%€59,785▼ 1.8%
Working capital€44,927within the sector's middle half▲ 91.5%€49,389within the sector's middle half▲ 9.9%€187,304above the sector's middle half▲ 279%€167,245above the sector's middle half▼ 10.7%€203,484above the sector's middle half▲ 21.7%
Solvency64.4%within the sector's middle half▲ 7.5pp67.5%above the sector's middle half▲ 3.1pp42.8%within the sector's middle half▼ 24.7pp74.9%above the sector's middle half▲ 32.2pp78.3%above the sector's middle half▲ 3.3pp
Current ratio2.39within the sector's middle half▲ 0.472.67within the sector's middle half▲ 0.283.48above the sector's middle half▲ 0.813.75above the sector's middle half▲ 0.274.40above the sector's middle half▲ 0.66
Return on assets (ROA)27.5%above the sector's middle half▲ 38.6pp2.8%within the sector's middle half▼ 24.7pp20.2%above the sector's middle half▲ 17.3pp30.4%above the sector's middle half▲ 10.2pp12.1%within the sector's middle half▼ 18.2pp
Staff (FTE)2.1▲ 31.3%1.3▼ 38.1%1.9▲ 46.2%4▲ 111%3.2▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275,031
Fixed assets
€11,763 ▼ 19.6%
Current assets
€263,269 ▲ 15.4%
Equity and liabilities €275,031
Equity
€215,247 ▲ 18.4%
Debt
€59,785 ▼ 1.8%
Debt's share of the balance-sheet total falls from 25.1% to 21.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,726▼
2024 · €107,881
Cash flow
€39,572▼
2024 · €80,042
Quick ratio
2.45▲
2024 · 1.83
Debt to equity
0.28▼
2024 · 0.33
ROE
15.5%▼
2024 · 40.5%
Interest coverage
368.70▲
2024 · 82.85
Debt ≤ 1 year
€59,785▼
2024 · €60,877
Income taxes
€15,182▼
2024 · €26,578
Staff costs
€43,109▼
2024 · €66,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26,853 | €12,997 | €36,919 | €66,036 | €43,109 | ▼ 34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,477 | €5,910 | €6,705 | €6,298 | €6,194 | ▼ 1.7% |
| Other operating charges640/8 | €1,718 | €1,036 | €3,307 | €4,435 | €40,762 | ▲ 819% |
| Gross operating margin9900 | €64,755 | €24,064 | €126,298 | €178,352 | €138,597 | ▼ 22.3% |
| Operating profit (loss)9901 | €31,707 | €4,122 | €79,367 | €101,583 | €48,532 | ▼ 52.2% |
| Financial income75/76B | €492 | €250 | €218 | €41 | €177 | ▲ 333% |
| Recurring financial income75 | €492 | €250 | €218 | €41 | €177 | ▲ 333% |
| Financial charges65/66B | €275 | €777 | €200 | €1,302 | €148 | ▼ 88.6% |
| Recurring financial charges65 | €275 | €777 | €200 | €1,302 | €148 | ▼ 88.6% |
| Profit (loss) for the period before taxes9903 | €31,924 | €3,595 | €79,385 | €100,322 | €48,561 | ▼ 51.6% |
| Income taxes67/77 | €6,760 | €1,031 | €24,634 | €26,578 | €15,182 | ▼ 42.9% |
| Profit (loss) for the period9904 | €25,164 | €2,564 | €54,751 | €73,744 | €33,378 | ▼ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €25,164 | €2,564 | €54,751 | €73,744 | €33,378 | ▼ 54.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,385 | €90,949 | €271,622 | €242,745 | €275,031 | ▲ 13.3% |
| Fixed assets21/28 | €14,047 | €11,985 | €8,820 | €14,623 | €11,763 | ▼ 19.6% |
| Intangible fixed assets21 | €1,200 | €600 | - | - | - | - |
| Tangible fixed assets22/27 | €12,847 | €11,385 | €8,820 | €14,623 | €11,763 | ▼ 19.6% |
| Plant, machinery and equipment23 | €6,836 | €4,780 | €1,595 | €10,318 | €6,686 | ▼ 35.2% |
| Furniture and vehicles24 | €6,011 | €6,605 | €7,225 | €4,305 | €5,077 | ▲ 17.9% |
| Current assets29/58 | €77,338 | €78,964 | €262,801 | €228,122 | €263,269 | ▲ 15.4% |
| Stocks and contracts in progress3 | €8,298 | €8,298 | €28,000 | €117,000 | €117,000 | = |
| Stocks30/36 | €8,298 | €8,298 | €28,000 | €117,000 | €117,000 | = |
| Amounts receivable within one year40/41 | €47,336 | €50,476 | €218,360 | €99,924 | €144,380 | ▲ 44.5% |
| Trade receivables40 | €38,589 | €40,737 | €207,775 | €90,670 | €124,273 | ▲ 37.1% |
| Other amounts receivable41 | €8,747 | €9,739 | €10,585 | €9,253 | €20,106 | ▲ 117% |
| Cash at bank and in hand54/58 | €18,817 | €17,111 | €13,275 | €7,268 | €620 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | €2,887 | €3,079 | €3,166 | €3,930 | €1,269 | ▼ 67.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,385 | €90,949 | €271,622 | €242,745 | €275,031 | ▲ 13.3% |
| Equity10/15 | €58,810 | €61,374 | €116,125 | €181,868 | €215,247 | ▲ 18.4% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €37,900 | €39,900 | €79,900 | €141,900 | €175,278 | ▲ 23.5% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Distributable reserves133 | €36,000 | €38,000 | €78,000 | €140,000 | €173,378 | ▲ 23.8% |
| Profit (loss) carried forward14 | €1,910 | €2,474 | €17,225 | €20,968 | €20,968 | = |
| Amounts payable17/49 | €32,575 | €29,576 | €155,497 | €60,877 | €59,785 | ▼ 1.8% |
| Amounts payable within one year42/48 | €32,411 | €29,576 | €75,497 | €60,877 | €59,785 | ▼ 1.8% |
| Trade debts44 | €10,567 | €11,929 | €28,024 | €9,662 | €8,831 | ▼ 8.6% |
| Suppliers440/4 | €8,762 | €7,366 | €28,024 | €2,662 | €8,831 | ▲ 232% |
| Bills of exchange payable441 | €1,806 | €4,563 | - | €7,000 | - | - |
| Taxes, remuneration and social security45 | €15,249 | €16,339 | €47,473 | €46,419 | €37,014 | ▼ 20.3% |
| Taxes450/3 | €9,521 | €10,489 | €32,186 | €37,166 | €26,598 | ▼ 28.4% |
| Remuneration and social security454/9 | €5,728 | €5,850 | €15,286 | €9,253 | €10,416 | ▲ 12.6% |
| Other amounts payable47/48 | €6,595 | €1,308 | - | €4,797 | €13,940 | ▲ 191% |
| Accrued charges and deferred income492/3 | €164 | - | €80,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,164 | €2,564 | €54,751 | €73,744 | €33,378 | ▼ 54.7% |
| + Depreciation and write-downs630 | €4,477 | €5,910 | €6,705 | €6,298 | €6,194 | ▼ 1.7% |
| Operating cash flow (approximation) | €29,641 | €8,473 | €61,456 | €80,042 | €39,572 | ▼ 50.6% |
| Investment in fixed assets (approximation) | - | -€3,847 | -€3,540 | -€12,101 | -€3,333 | ▲ 72.5% |
| Change in cash | - | -€1,706 | -€3,836 | -€6,007 | -€6,648 | ▼ 10.7% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Equity above €200,000Eq €215,247 ▲18.4%
5 profitable years in a row build equity to €215,247.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €73,744 ▲34.7%
Operating result €101,583, net result €73,744, both a record.
31-12
Financial
Equity above €150,000Eq €181,868 ▲56.6%
4 profitable years in a row build equity to €181,868.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €100,000Eq €116,125 ▲89.2%
3 profitable years in a row build equity to €116,125.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €25,164
Net result €25,164 after one loss-making year.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €31,502
Net result €31,502 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hoeilaart · 1 establishment unit since 2009
Ground area
914 m²
Building footprint
167 m²
Volume, LiDAR
794 m³
Parcel 23033B0497/00B003, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Steenbergstraat 25, 1560 Hoeilaart
since 20092.179.503.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033B0497/00B003 | Flanders | 914 m² | 1 · 167 m² | 8.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnieken duaal (so)
Elektrotechnisch installateur (vwo)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded10-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816996356
Also
9925:BE0816996356
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.