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LC-ELEC

Active
Private limited companyfounded 2017active for 8 yearsRue Nadet 87, 4040 Herstal, BelgiumKBO/BCE: BE 0685.762.977

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

The file of LC-ELEC contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 12.9% (high). The 2025 annual accounts show equity of €1,419 and a net result of €1,298. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 34,902 sector peers (NACE 43, financial year 2025).

Overview

Official details

KBO
Status
Active since 08-12-2017 Normal situation
Legal form
Private limited company
Registered office
Rue Nadet 87, 4040 Herstal
Activity
General electrical installation work NACE 43211and 5 others
Establishment unit
2.274.105.909 4040 Herstal, since 01-01-2018
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Board

Financial position

29 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
12.9%
Annual accounts 2025
Gross margin
€32,148
▲ 160%
Turnover
≈ €150,000
estimated
Profit
€1,298
Equity
€1,419
▲ 12×
Total assets
€120,319
▼ 5.7%
Staff
≈ 0.7 FTE
estimated
2025 accounts filed 76 days after the deadline
Filed on 15-10-2026at the National Bank
Score breakdownraises riskReorganisation plan being carried out (approved, Gazette 19-02-2024)Last filed accounts filed 76 days late; 2 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.89, cash €3,397, halvedShow the evidence

Checked score

Score 2025
29 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 32% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 26+1
equity 1.2% of total assets
Liquidity 4-3
short-term debt 98.8% · cash 2.8%
Profitability 32+32
return on assets 1.1%
Bankruptcy probability within 12 months
12.9% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 14.6% 12-2024: 14.6%● unchanged vs 11-2024 01-2025: 14.6%● unchanged vs 12-2024 02-2025: 14.6%● unchanged vs 01-2025 03-2025: 10.3%▼ -4.3 percentage points vs 02-2025 04-2025: 10.5%▲ +0.2 percentage points vs 03-2025 05-2025: 10.6%▲ +0.1 percentage points vs 04-2025 06-2025: 10.4%▼ -0.2 percentage points vs 05-2025 07-2025: 10.8%▲ +0.4 percentage points vs 06-2025 08-2025: 12.0%▲ +1.2 percentage points vs 07-2025 09-2025: 12.6%▲ +0.6 percentage points vs 08-2025 10-2025: 15.5%▲ +2.9 percentage points vs 09-2025highest value 11-2025: 15.5%● unchanged vs 10-2025highest value 12-2025: 13.9%▼ -1.6 percentage points vs 11-2025 01-2026: 13.6%▼ -0.3 percentage points vs 12-2025 02-2026: 12.6%▼ -1.0 percentage point vs 01-2026 03-2026: 11.2%▼ -1.4 percentage points vs 02-2026 04-2026: 11.4%▲ +0.2 percentage points vs 03-2026 05-2026: 10.4%▼ -1.0 percentage point vs 04-2026 06-2026: 10.2%▼ -0.2 percentage points vs 05-2026lowest value 07-2026: 10.4%▲ +0.2 percentage points vs 06-2026 08-2026: 13.4%▲ +3.0 percentage points vs 07-2026 09-2026: 15.0%▲ +1.6 percentage points vs 08-2026 10-2026: 12.9%▼ -2.1 percentage points vs 09-2026
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.89 (0.88 in 2024), below 1. Short-term debt is 98.8% and cash 2.8% of total assets. 98.8% of the assets are financed with debt and provisions.
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 9% of them on solvency, 4% on liquidity, 17% on profitability and 99% on growth.

The bankruptcy probability was computed on 31-10-2026 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).

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Signals

Six signals.
raises risk
raises risk · Reorganisation plan being carried out (approved, Gazette 19-02-2024)
Belgian Official Gazette
raises risk · Last filed accounts filed 76 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 0.89, cash €3,397, halved
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
76 days late
2024
31 days late
2023
30 days late
2022
29 days late
2021
61 days late
2020
29 days late
2019
117 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 53 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 90% of companies in specialised constructionsector median 46.7% · 34,902 companies 1.2% View

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about LC-ELEC

What is the company number of LC-ELEC?
The company number of LC-ELEC is 0685.762.977. The VAT number is the same number with BE in front: BE 0685.762.977.
Where is LC-ELEC based?
The registered office is at Rue Nadet 87, 4040 Herstal.Company details
What does LC-ELEC do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of LC-ELEC?
The legal form of LC-ELEC is Private limited company (BV).
When was LC-ELEC founded?
LC-ELEC was founded on 08-12-2017.
Is LC-ELEC still active?
Yes, LC-ELEC is an active enterprise in the KBO register.
How many employees does LC-ELEC have?
LC-ELEC had an average of 1.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of LC-ELEC?
The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €32,148 and 45 comparable companies (NACE 43211). It probably lies between €110,000 and €230,000.
Is LC-ELEC profitable?
In financial year 2025, LC-ELEC made a profit of €1,298.
Where can I find the annual accounts of LC-ELEC?
LC-ELEC filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of LC-ELEC due?
LC-ELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as LC-ELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €118,000 and €149,000, founded between 2017 and 2018.

CompanyTotal assetsGross margin
LC-ELEC Herstal€120,319€32,148
ELEC MD Sprimont€149,457€33,884
JDV Elektriciteitswerken Ninove€117,867€30,251
MOKA GROUP Ronse€125,307€31,359
EWB Laakdal€119,164€33,297
B&W Pro Tech Izegem€118,809€37,620
KERKHOFS ALGEMENE WERKEN Houthalen-Helchteren€142,683€34,909
Full comparison

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