LB ELEK
ActiveSummary
LB ELEK has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,859 and a net result of €41,985. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 71% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-02-2005 Normal situation
- Activity
- General electrical installation work NACE 43211
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 30-09-2025
- Establishment unit
- 2.145.369.784 2860 Sint-Katelijne-Waver, since 08-02-2005
- Financial year end
- 30 September
- Peppol
- Reachable since 06-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €85,117
- ▼ 37.2%
- Turnover
- ≈ €310,000
- estimated
- Profit
- €41,985
- ▼ 39.5%
- Equity
- €188,859
- ▲ 28.6%
- Total assets
- €284,923
- ▲ 16.2%
- Employees on 30-09-2025
- 1
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Size: total assets €284,923lowers riskFounded in 2005Liquidity: current ratio 3.45, cash €33,573Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 72% of them on solvency, 51% on liquidity, 72% on profitability and 74% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 20 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 38% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | - | 1 |
| full-time | 1 | - | - | 1 |
| part-time | - | - | - | 0 |
| in full-time equivalents | 1 | - | - | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 0.3 | 0.1 |
| On a permanent contract | 1 | - | - | - |
| Joined | 0 | - | 0 | 1 |
| Left | 1 | - | 1 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,740 | - | €49,258 | - |
| Depreciation and write-downs of the year | €18,782 | €20,533 | €17,259 | €17,399 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €166 | - | €2,121 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €38,293 | €44,459 | €13,176 | €676 | ▼ 94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,963 | €24,163 | €23,654 | €18,782 | €20,533 | €17,259 | €17,399 | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €4,412 | €4,322 | €3,600 | €3,692 | ▲ 2.6% |
| Gross operating margin9900 | €104,275 | €111,498 | €108,565 | €98,532 | €80,703 | €135,612 | €85,117 | ▼ 37.2% |
| Operating profit (loss)9901 | -€21,829 | -€4,721 | €18,681 | €37,046 | €11,390 | €101,577 | €63,349 | ▼ 37.6% |
| Financial income75/76B | - | - | - | €117 | €362 | €225 | €930 | ▲ 313% |
| Recurring financial income75 | €255 | €13 | €98 | €117 | €362 | €225 | €930 | ▲ 313% |
| Financial charges65/66B | - | - | - | €3,279 | €3,577 | €4,764 | €5,544 | ▲ 16.4% |
| Recurring financial charges65 | €3,918 | €3,416 | €3,147 | €3,279 | €3,577 | €4,764 | €5,544 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | -€25,492 | -€8,125 | €15,631 | €33,883 | €8,174 | €97,038 | €58,735 | ▼ 39.5% |
| Income taxes67/77 | - | - | €1,421 | €8,464 | €3,111 | €27,589 | €16,750 | ▼ 39.3% |
| Profit (loss) for the period9904 | -€25,492 | -€8,125 | €14,210 | €25,419 | €5,063 | €69,449 | €41,985 | ▼ 39.5% |
| Profit (loss) for the period to be appropriated9905 | -€25,492 | -€8,125 | €14,210 | €25,419 | €5,063 | €69,449 | €41,985 | ▼ 39.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €258,564 | €244,141 | €284,993 | €260,865 | €251,904 | €245,222 | €284,923 | ▲ 16.2% |
| Fixed assets21/28 | €77,817 | €60,903 | €58,660 | €45,618 | €25,085 | €53,420 | €36,021 | ▼ 32.6% |
| Tangible fixed assets22/27 | €77,667 | €60,753 | €58,510 | €45,468 | €24,935 | €53,270 | €35,871 | ▼ 32.7% |
| Land and buildings22 | - | - | - | €20,829 | €12,583 | €4,337 | €357 | ▼ 91.8% |
| Plant, machinery and equipment23 | - | - | - | €12,032 | €7,683 | €6,463 | €2,554 | ▼ 60.5% |
| Furniture and vehicles24 | - | - | - | €12,607 | €4,670 | €42,471 | €32,960 | ▼ 22.4% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €180,747 | €183,238 | €226,333 | €215,247 | €226,819 | €191,801 | €248,901 | ▲ 29.8% |
| Stocks and contracts in progress3 | €50,727 | €36,630 | €38,939 | €42,513 | €35,977 | €45,455 | €41,059 | ▼ 9.7% |
| Stocks30/36 | - | - | - | €42,513 | €35,977 | €45,455 | €41,059 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €129,990 | €144,851 | €147,285 | €163,088 | €147,919 | €138,233 | €165,001 | ▲ 19.4% |
| Trade receivables40 | - | - | - | €142,012 | €139,161 | €133,788 | €150,004 | ▲ 12.1% |
| Other amounts receivable41 | - | - | - | €21,076 | €8,758 | €4,445 | €14,997 | ▲ 237% |
| Current investments50/53 | €30 | €29 | €29 | €29 | €29 | - | - | - |
| Cash at bank and in hand54/58 | - | €1,727 | €38,417 | €5,278 | €30,647 | €6,047 | €33,573 | ▲ 455% |
| Deferred charges and accrued income490/1 | - | - | - | €4,339 | €12,248 | €2,066 | €9,269 | ▲ 349% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €258,564 | €244,141 | €284,993 | €260,865 | €251,904 | €245,222 | €284,923 | ▲ 16.2% |
| Equity10/15 | €97,241 | €89,117 | €103,327 | €128,746 | €133,809 | €146,874 | €188,859 | ▲ 28.6% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €76,420 | €76,420 | €90,630 | €116,050 | €121,113 | €134,177 | €176,162 | ▲ 31.3% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | - | - | €18,180 | €18,180 | €18,180 | €18,180 | = |
| Distributable reserves133 | - | - | - | €96,014 | €101,078 | €114,142 | €156,127 | ▲ 36.8% |
| Profit (loss) carried forward14 | €8,421 | €296 | €296 | €296 | €296 | €296 | €296 | = |
| Amounts payable17/49 | €161,322 | €155,024 | €181,667 | €132,119 | €118,095 | €98,348 | €96,064 | ▼ 2.3% |
| Amounts payable after more than one year17 | €39,288 | €45,580 | €26,062 | €42,092 | €21,184 | €41,050 | €23,876 | ▼ 41.8% |
| Financial debts170/4 | - | - | - | €42,092 | €21,184 | €41,050 | €23,876 | ▼ 41.8% |
| Amounts payable within one year42/48 | €120,283 | €109,445 | €155,605 | €89,679 | €96,563 | €57,297 | €72,188 | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,194 | €20,908 | €16,659 | €17,175 | ▲ 3.1% |
| Financial debts43 | - | - | - | €10,000 | - | - | €4,845 | - |
| Credit institutions430/8 | - | - | - | €10,000 | - | - | €4,845 | - |
| Trade debts44 | €52,659 | €41,671 | €83,061 | €53,243 | €59,465 | €34,898 | €46,192 | ▲ 32.4% |
| Suppliers440/4 | - | - | - | €53,243 | €59,465 | €34,898 | €46,192 | ▲ 32.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,171 | €4,513 | €3,389 | €3,976 | ▲ 17.3% |
| Taxes450/3 | - | - | - | - | €111 | €89 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €1,171 | €4,402 | €3,300 | €3,976 | ▲ 20.5% |
| Other amounts payable47/48 | - | - | - | €2,070 | €11,677 | €2,351 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,492 | -€8,125 | €14,210 | €25,419 | €5,063 | €69,449 | €41,985 | ▼ 39.5% |
| + Depreciation and write-downs630 | €23,963 | €24,163 | €23,654 | €18,782 | €20,533 | €17,259 | €17,399 | ▲ 0.8% |
| Operating cash flow (approximation) | -€1,529 | €16,039 | €37,865 | €44,201 | €25,596 | €86,709 | €59,384 | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | -€7,250 | -€21,411 | -€5,740 | €0 | -€45,595 | €0 | - |
| Change in cash | - | - | €36,690 | -€33,139 | €25,369 | -€24,600 | €27,525 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LB ELEK has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LB ELEK itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for LB ELEK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098377 | |
| 30-09-2024 | micro format | 08-04-2025 | 2025-00066709 | |
| 30-09-2023 | micro format | 12-04-2024 | 2024-00062916 | |
| 30-09-2022 | micro format | 12-04-2023 | 2023-00058568 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09500555 | |
| 30-09-2020 | micro format | 24-03-2021 | 2021-08600296 | |
| 30-09-2019 | micro format | 10-04-2020 | 2020-09300078 | |
| 30-09-2018 | micro format | 12-04-2019 | 2019-09900006 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08900050 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10300131 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 19-09-2024 Converted to unavailable equity · €12,400
- 19-09-2024 Converted to unavailable equity · €1,855
- 19-09-2024 Converted to uncalled contributions · €6,150
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BUELENS Luk Alfons Lisette |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, De niet-statutaire bestuurders zijn enkel herroepbaar ad nutum bij besluit van de algemene vergadering, zonder dat hun…”“Interne bestuursbevoegdheid, De bestuurders kunnen de uitoefening van een deel van hun bevoegdheid ten titel van bijzondere volmacht…”“Vergoeding van bestuurders, De algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt…”
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “De commissarissen worden benoemd voor een hernieuwbare termijn van drie jaar., De controle op de financiële toestand, op de jaarrekening en…”
Articles of association, deed of 19-09-2024 (in Dutch)
Network & group
LB ELEK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LB ELEK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-09
Gazette deed
Change of role: BUELENS Luk Alfons Lisette, from manager to directorAmendment of the articles · Purpose change · Capital conversion10 points ▸
- General meeting, 16-09-2024
- Amendment of the articles, mentioned 2 times in the deed
- Purpose change
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch), mentioned 2 times in the deed
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, opheffen” (deed in Dutch)
- Director resignation, BUELENS Luk Alfons Lisette (manager)
- Director appointment, BUELENS Luk Alfons Lisette (director (not named in the articles))
- Power of attorney, Adrienne Spaepen
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
31 activities
- Elektrotechnische installatiewerken aan gebouwen
- Alle activiteiten m.b.t. adviesverlening, management, marketing, coaching, communicatie en aanverwante
- Het verstrekken van opleidingen, de organisatie van seminaries, cursussen, conferenties tentoonstellingen en beurzen
- Het uitoefenen van bestuursfuncties of mandaten in vennootschappen, organisaties of verenigingen
- Het uitvoeren, begeleiden en controleren van marktstudies in de breedste zin van het woord
- Alle activiteiten m.b.t. informatica en elektronica, IT-consulting, programmering, ontwikkeling, ontwerp, verkoop, installatie, adviesverlening m.b.t. informatica -en elektronicatoepassingen en aanverwante, zowel hardware als software
- Het verwerven, behouden, beheren, huren en verhuren, onderhouden, renoveren, uitbreiden, vervreemden, verdelen en verkavelen van alle mogelijke onroerende goederen, dit alles met inbegrip van het afsluiten van contracten van onroerende leasing
- De aanneming van algemene bouwwerken, nieuwbouwwerken, renovatiewerken, onderhoudswerken, projectontwikkeling en projectmanagement
- De aankoop, verkoop, huur, invoer en uitvoer van alle mogelijke materialen, goederen, toestellen en materieel, noodzakelijk voor de bouw, het onderhoud, het herstel en de vernieuwing van gebouwen
- Het bouwen van openbare en particuliere gebouwen
- Het optrekken van individuele woningen, appartementen, kantoorgebouwen of industriële gebouwen, in opdracht en/of volgens de formule sleutel op de deur
- Alle activiteiten van bouwpromotor
- Alle studies en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkoop en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen
- Het maken van en het adviseren bij haalbaarheidsstudies
- Het opstellen van en de begeleiding bij alle vormen van aanbestedingen
- Het uitvoeren van expertises m.b.t. onroerende en roerende goederen
- Arbeidsbemiddeling, personeelsselectie, marktonderzoek, rekrutering, functioneringsonderzoeken en alle aanverwante activiteiten
- Outplacement en alle aanverwante activiteiten
- De inrichting en de organisatie van evenementen, activiteiten, reizen, e.d. met inbegrip van begeleiding of advies hieromtrent
- Alle activiteiten met betrekking tot ontwerp, verkoop, adviesverlening, coördinatie van werkzaamheden, implementatie van systemen, bedrijfsvoering en dit alles in de ruimste zin
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroer-end vermogen
- De aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, participaties, obligaties, fondsen en van alle roerende goederen en rechten
- Productie, opslag en outsourcing in de meest uitgebreide zin
- Import, export, groothandel, kleinhandel, verhuring, aan- en verkoop van alle soorten goederen, producten en materialen, in eigen naam, voor derden of als commissionair
- Het maken van alle studies, de organisatie van en het geven van adviezen inzake handels-, financiële, administratieve, technische, bedrijfsorganisatorische of andere aangelegenheden en er het beheer en de controle van doen
- De voorbereiding, de opstelling en het afsluiten, zowel als mandataris als voor eigen rekening, van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden
- Het samenwerken met andere ondernemingen, het deelnemen in of belangen nemen in alle soorten ondernemingen, vennootschappen of organisaties
- Het aangaan van kredieten, leningen en alle soorten verbintenissen
- Het verstrekken van kredieten en alle soorten geldleningen in gelijk welke vorm
- De vennootschap mag zowel tot waarborg van eigen verbintenissen of van verbintenissen van derden zich borg stellen of zakelijke zekerheden verlenen of haar goederen, tegoeden of handelszaak in hypotheek of in pand geven ten voordele van andere ondernemingen of particulieren
- De vennootschap mag in België en in het buitenland alle roerende en onroerende, commerciële, industriële en financiële handelingen stellen, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0871.731.971
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedShow 3 ended approvals
Licences in the Official Gazette
2 publications · 2 kindsSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12035E0475/00M005 | Flanders | 84 m² | 1 · 84 m² | 12.1 m · 3 |