Financials
- Fiscal year
- 2024
- Total assets
- €109,562
- Profit
- €64,172
- Solvency
- 60.4%
LEC ELEC
ActiveSummary
The computed 12-month bankruptcy probability of LEC ELEC is 4.0% (elevated). The 2024 annual accounts show equity of €66,172 and a net result of €64,172. Its solvency ranks better than 65% of 36365 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€109,562total assets 2024
- Equity
- €66,172
- Profit
- €64,172
Turnover not published (abridged schema)
Who decides
Accounts filed 28 d late0 of 1 deed read
Why 50- Figures for FY 2024 (filed 04-09-2025)- Founded in 2023- Size: total assets €109,562- 1 financial year not filed after the legal deadline; latest accounts 28 days lateShow the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 62% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
85
equity 60.4% of total assets
Liquidity
39
short-term debt 39.6% · cash 5.8%
Profitability
100
return on assets 58.6%
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 2.7%lowest value
09-2026: 2.8%▲ +3.3% vs 08-2026
10-2026: 4.0%▲ +43.1% vs 09-2026highest value
- Figures for FY 2024 (filed 04-09-2025) raises the probability
- Founded in 2023 raises the probability for this profile
- Size: total assets €109,562 raises the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 28 days late raises the probability
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.53; short-term debt: 39.6% and cash: 5.8% of total assets), and 39.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 66%, liquidity 27%, profitability 93%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 1 filingDeviation from the deadline
2024
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 28 days after 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 (1)
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2025
- 28-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 20-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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