KH ELEC
ActiveSummary
The computed 12-month bankruptcy probability of KH ELEC is 2.5% (moderate). The 2025 annual accounts show equity of €94k and a net result of €21k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 27786 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
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-20
Solvency74▼-20
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 3.22 in 2024; short-term debt: 40.9% of total assets), but 51.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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
48.5%
Return on assets
10.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
13 d early
2023
30 d late
2022
115 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 27.9%
2024 · €74k
2022: €27k
2023: €60k
2024: €74k
2022 → 2025
Total assets
€194k▲ 81.5%
2024 · €107k
2022: €50k
2023: €79k
2024: €107k
2022 → 2025
Net result
€21k▲ 52.9%
2024 · €13k
2022: €22k
2023: €33k
2024: €13k
2022 → 2025
Working capital
€115k▲ 55.7%
2024 · €74k
2022: €27k
2023: €60k
2024: €74k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€27k-€60k▲ 121%€74k▲ 22.3%€94k▲ 27.9%
Operating result€31k-€45k▲ 46.2%€21k▼ 52.4%€34k▲ 60.1%
Net result€22k-€33k▲ 48.8%€13k▼ 59.3%€21k▲ 52.9%
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 60% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €194k
Equity
€94k ▲ 27.9%
Debt
€100k ▲ 200%
Debt's share of the balance-sheet total rises from 31.1% to 51.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.44▼
2024 · 3.22
Debt to equity
1.06▲
2024 · 0.45
ROE
21.8%▲
2024 · 18.3%
ROA
10.6%▼
2024 · 12.6%
Debt ≤ 1 year
€80k▲
2024 · €33k
Income taxes
€11k▲
2024 · €6k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€194k▲
Current assets29/58€107k€194k▲
Amounts receivable after more than one year29€61k€101k▲
Other amounts receivable291€61k€101k▲
Amounts receivable within one year40/41€45k€52k▲
Trade receivables40€3k€28k▲
Other amounts receivable41€42k€25k▼
Deferred charges and accrued income490/1€740€41k▲
Equity and liabilities
Total equity and liabilities10/49€107k€194k▲
Equity10/15€74k€94k▲
Contributions10/11€5k€5k=
Reserves13€69k€89k▲
Distributable reserves133€69k€89k▲
Amounts payable17/49€33k€100k▲
Amounts payable within one year42/48€33k€80k▲
Financial debts43€13k€19k▲
Credit institutions430/8€13k€19k▲
Trade debts44€304€36k▲
Suppliers440/4€304€36k▲
Taxes, remuneration and social security45€20k€25k▲
Taxes450/3€20k€21k▲
Remuneration and social security454/9-€3k
Accrued charges and deferred income492/3-€21k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€507-
Other operating charges640/8€1k€298▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€24k€34k▲
Operating profit (loss)9901€21k€34k▲
Financial income75/76B€1€43▲
Recurring financial income75€1€43▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€19k€31k▲
Income taxes67/77€6k€11k▲
Profit (loss) for the period9904€13k€21k▲
Profit (loss) for the period to be appropriated9905€13k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€21k▲
Transfer to equity691/2€13k€21k▲
To other reserves6921€13k€21k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼59.3%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €33k ▲48.8%
Operating result €45k, net result €33k, both a record.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlues · 1 establishment unit since 2022
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.
Rue du Vieux Cimetière 46150 AnderluesGround area
1,081 m²
Building footprint
382 m²
Volume, LiDAR
3,870 m³
2 parcels, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KH ELEC
since 20222.342.410.438
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56001B0071/00Y002 | Wallonia | 841 m² | 1 · 327 m² | 13.5 m · 4 fl. |
| 56001B0532/00L002 | Wallonia | 240 m² | 1 · 55 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
MESEURE PIETER
BE 0842.206.953
Zedelgem · Eq €94,385
R.L.J.
BE 0885.502.112
Antwerpen · Eq €94,407
Lavens Projects
BE 0785.939.035
Koksijde · Eq €94,346
Simon BURTON
BE 0716.956.197
Dinant · Eq €94,326
MARCHAL ELEC
BE 0799.878.133
Braives · Eq €94,301
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,819 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
Founded27-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.