K.L. ELECTRO
ActiveK.L. ELECTRO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.16M and a net result of €198k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 7426 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
83
/ 100
Excellent▲ +4 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+77
Solvency97▲+19
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 1.48 in 2023), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.6%
Return on assets
9.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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
not confirmed
2024
4 d late
2023
9 d early
2022
14 d late
2021
35 d early
2020
24 d late
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.16M▲ 20.7%
2023 · €960k
2018: €450k
2019: €568k
2020: €715k
2021: €1.06M
2022: €1.00M
2023: €960k
2018 → 2024
Total assets
€2.05M▼ 4.8%
2023 · €2.15M
2018: €1.14M
2019: €1.86M
2020: €2.45M
2021: €2.31M
2022: €2.87M
2023: €2.15M
2018 → 2024
Net result
€198k▲ 1,114%
2023 · €16k
2018: €59k
2019: €119k
2020: €463k
2021: €368k
2022: €-42k
2023: €16k
2018 → 2024
Working capital
€398k▲ 84.7%
2023 · €216k
2018: €327k
2019: €335k
2020: €362k
2021: €478k
2022: €323k
2023: €216k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€715k-€1.06M▲ 47.6%€1.00M▼ 5.0%€960k▼ 4.2%€1.16M▲ 20.7%
Operating result€651k-€325k▼ 50.0%€21k▼ 93.4%€34k▲ 58.3%€-132k
Net result€463k-€368k▼ 20.6%€-42k€16k€198k▲ 1,114%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €132k after €34k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.05M
Fixed assets
€1.50M▲ 0.7%
Current assets
€548k▼ 17.2%
Equity and liabilities €2.05M
Equity
€1.16M▲ 20.7%
Debt
€889k▼ 25.3%
The debt ratio falls from 55.3% to 43.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5k▼
2023 · €164k
Cash flow
€335k▲
2023 · €146k
Solvency
56.6%▲
2023 · 44.7%
Current ratio
3.65▲
2023 · 1.48
Quick ratio
3.65▲
2023 · 1.41
Debt / equity
0.77▼
2023 · 1.24
ROE
17.1%▲
2023 · 1.7%
ROA
9.7%▲
2023 · 0.8%
Interest coverage
0.25▼
2023 · 5.50
Debt
€889k▼
2023 · €1.19M
Debt ≤ 1 year
€150k▼
2023 · €447k
Debt > 1 year
€739k▼
2023 · €744k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.15M€2.05M▼
Fixed assets21/28€1.49M€1.50M▲
Tangible fixed assets22/27€1.29M€1.28M▼
Land and buildings22€1.14M€1.07M▼
Plant, machinery and equipment23€21k€16k▼
Furniture and vehicles24€122k€193k▲
Financial fixed assets28€202k€216k▲
Current assets29/58€662k€548k▼
Stocks and contracts in progress3€34k-
Contracts in progress37€34k-
Amounts receivable within one year40/41€205k€237k▲
Trade receivables40€44k€38k▼
Other amounts receivable41€161k€199k▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€344k€277k▼
Deferred charges and accrued income490/1€70k€25k▼
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.05M▼
Equity10/15€960k€1.16M▲
Contributions10/11€8k€8k=
Reserves13€978k€1.15M▲
Tax-exempt reserves132€7k€7k=
Distributable reserves133€971k€1.14M▲
Profit (loss) carried forward14€-25k-
Amounts payable17/49€1.19M€889k▼
Amounts payable after more than one year17€744k€739k▼
Financial debts170/4€744k€739k▼
Amounts payable within one year42/48€447k€150k▼
Current portion of amounts payable after more than one year42€134k€134k=
Trade debts44€92k€8k▼
Suppliers440/4€92k€8k▼
Taxes, remuneration and social security45€17k€9k▼
Taxes450/3€17k€2k▼
Remuneration and social security454/9-€7k
Other amounts payable47/48€204k-
Income statement
Code20232024
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€137k▲
Other operating charges640/8€7k€64k▲
Gross operating margin9900€171k€69k▼
Operating profit (loss)9901€34k€-132k▼
Financial income75/76B€14k€351k▲
Recurring financial income75€14k€351k▲
Financial charges65/66B€30k€21k▼
Recurring financial charges65€30k€19k▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€18k€198k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€16k€198k▲
Profit (loss) for the period to be appropriated9905€16k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€173k▲
Profit (loss) brought forward from the previous period14P€-42k€-25k▲
Transfer from equity791/2€59k-
Transfer to equity691/2-€173k
To other reserves6921-€173k
Profit to be distributed694/7€59k-
Return on contributions (dividend)694€59k-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.48 to 3.65; short-term debt falls from €447k to €150k.
31-12
Financial
Equity above €1MEq €1.16M ▲20.7%
2 profitable years in a row build equity to €1.16M.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2022
31-12
Financial
Weakest financial yearnet €-42k ▼111%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.06M ▲47.6%
4 profitable years in a row build equity to €1.06M.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €463k ▲290%
Operating result €651k, net result €463k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €568k ▲26.4%
2 profitable years in a row build equity to €568k.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
Lieahovets Andrei
CurrentDirector · since 01-10-2022
Lassaut Kristof
CurrentDirector · since 08-07-2022
01-10-2022
Lieahovets Andrei: Appointed as Director
08-07-2022
Lassaut Kristof: Appointed as Director
Location & real-estate footprint
Registered office, Geetbets · 2 establishment units since 2004
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.
Ketelstraat 943454 GeetbetsGround area
2,908 m²
Building footprint
265 m²
Volume, LiDAR
1,330 m³
3 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
K.L. ELECTRO
since 20042.134.813.513
K.L. ELECTRO
since 20202.298.315.723
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24095B0310/00C000indicative | Flanders | 1,760 m² | - | - |
| 71045A0367/00S000 | Flanders | 780 m² | 1 · 176 m² | 6.7 m · 2 fl. |
| 24095C0234/00F002 | Flanders | 367 m² | 1 · 89 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 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
2022 to 2023 · 3 entries · 10,349 EUR awarded · 10,349 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,640 EUR | 1,640 EUR |
| 2022 | 2 | 8,709 EUR | 8,709 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
7 live approvals · 1 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnieken duaal (so)
Elektrotechnisch installateur (vwo)
Koelinstallaties duaal (so)
Show 1 more
Technicus koelinstallaties duaal (so)
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 4,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2004
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.