M & E Electro
ActiveSummary
M & E Electro has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244k and a net result of €28k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 8.11 against 8.36 in 2024; short-term debt: 12.2% and cash: 71.5% of total assets), and 12.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
87.8%
Return on assets
9.9%
Age of the figures
9 mo
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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
24 d late
2023
27 d late
2022
31 d late
2021
31 d late
2020
200 d late
2019
91 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€244k▲ 12.8%
2024 · €216k
2018: €90klowest in 8 years
2019: €94k▲ +4.3% vs 2018
2020: €117k▲ +24.4% vs 2019
2021: €151k▲ +29.5% vs 2020
2022: €165k▲ +8.6% vs 2021
2023: €175k▲ +6.5% vs 2022
2024: €216k▲ +23.5% vs 2023
2025: €244k▲ +12.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€278k▲ 13.7%
2024 · €244k
2018: €145k
2019: €128k▼ -11.8% vs 2018lowest in 8 years
2020: €173k▲ +35.1% vs 2019
2021: €184k▲ +6.4% vs 2020
2022: €182k▼ -0.8% vs 2021
2023: €196k▲ +7.4% vs 2022
2024: €244k▲ +24.8% vs 2023
2025: €278k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Net result
€28k▼ 32.8%
2024 · €41k
2018: €16k
2019: €4k▼ -76.1% vs 2018lowest in 8 years
2020: €30k▲ +668% vs 2019
2021: €34k▲ +15.1% vs 2020
2022: €13k▼ -62.1% vs 2021
2023: €21k▲ +58.6% vs 2022
2024: €41k▲ +98.6% vs 2023highest in 8 years
2025: €28k▼ -32.8% vs 2024
2018 → 2025
Working capital
€242k▲ 17.1%
2024 · €206k
2018: €78klowest in 8 years
2019: €87k▲ +11.2% vs 2018
2020: €89k▲ +3.0% vs 2019
2021: €127k▲ +42.2% vs 2020
2022: €146k▲ +14.9% vs 2021
2023: €157k▲ +7.9% vs 2022
2024: €206k▲ +31.2% vs 2023
2025: €242k▲ +17.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€165k▲ 8.6%€175k▲ 6.5%€216k▲ 23.5%€244k▲ 12.8%
2021: €151klowest in 5 years
2022: €165k▲ +8.6% vs 2021
2023: €175k▲ +6.5% vs 2022
2024: €216k▲ +23.5% vs 2023
2025: €244k▲ +12.8% vs 2024highest in 5 years
Operating result€49k-€34k▼ 30.9%€30k▼ 11.7%€59k▲ 96.9%€54k▼ 8.3%
2021: €49k
2022: €34k▼ -30.9% vs 2021
2023: €30k▼ -11.7% vs 2022lowest in 5 years
2024: €59k▲ +96.9% vs 2023highest in 5 years
2025: €54k▼ -8.3% vs 2024
Net result€34k-€13k▼ 62.1%€21k▲ 58.6%€41k▲ 98.6%€28k▼ 32.8%
2021: €34k
2022: €13k▼ -62.1% vs 2021lowest in 5 years
2023: €21k▲ +58.6% vs 2022
2024: €41k▲ +98.6% vs 2023highest in 5 years
2025: €28k▼ -32.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278k
Fixed assets
€2k ▼ 76.7%
Current assets
€276k ▲ 17.6%
Equity and liabilities €278k
Equity
€244k ▲ 12.8%
Debt
€34k ▲ 21.2%
Debt's share of the balance-sheet total rises from 11.5% to 12.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €67k
Cash flow
€35k▼
2024 · €49k
Current ratio
8.11▼
2024 · 8.36
Quick ratio
8.10▼
2024 · 8.34
Debt to equity
0.14▲
2024 · 0.13
ROE
11.3%▼
2024 · 19.0%
ROA
9.9%▼
2024 · 16.8%
Interest coverage
52.01▼
2024 · 502.51
Debt ≤ 1 year
€34k▲
2024 · €28k
Income taxes
€25k▲
2024 · €18k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€244k€278k▲
Fixed assets21/28€10k€2k▼
Tangible fixed assets22/27€9k€1k▼
Plant, machinery and equipment23€1k€598▼
Furniture and vehicles24€8k€586▼
Financial fixed assets28€1k€1k=
Current assets29/58€234k€276k▲
Stocks and contracts in progress3€588€486▼
Stocks30/36€588€486▼
Amounts receivable within one year40/41€86k€73k▼
Trade receivables40€76k€69k▼
Other amounts receivable41€9k€4k▼
Cash at bank and in hand54/58€148k€199k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€244k€278k▲
Equity10/15€216k€244k▲
Contributions10/11€19k€19k=
Reserves13€102k€127k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€100k€125k▲
Profit (loss) carried forward14€96k€99k▲
Amounts payable17/49€28k€34k▲
Amounts payable within one year42/48€28k€34k▲
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€12k€14k▲
Other amounts payable47/48€9k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€10k€6k▼
Gross operating margin9900€78k€68k▼
Operating profit (loss)9901€59k€54k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€134€1k▲
Recurring financial charges65€134€1k▲
Profit (loss) for the period before taxes9903€59k€53k▼
Income taxes67/77€18k€25k▲
Profit (loss) for the period9904€41k€28k▼
Profit (loss) for the period to be appropriated9905€41k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€124k▲
Profit (loss) brought forward from the previous period14P€70k€96k▲
Transfer from equity791/2€9k-
Transfer to equity691/2€24k€25k▲
To other reserves6921€24k€25k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €7k | €8k | €8k | ▼ 3.5% |
| Other operating charges640/8 | €11k | €14k | €10k | €10k | €6k | ▼ 39.0% |
| Gross operating margin9900 | €65k | €54k | €48k | €78k | €68k | ▼ 11.9% |
| Operating profit (loss)9901 | €49k | €34k | €30k | €59k | €54k | ▼ 8.3% |
| Financial income75/76B | - | €0 | €296 | €0 | €1 | ▲ 358% |
| Recurring financial income75 | - | €0 | €296 | €0 | €1 | ▲ 358% |
| Financial charges65/66B | €161 | €62 | €133 | €134 | €1k | ▲ 791% |
| Recurring financial charges65 | €161 | €62 | €133 | €134 | €1k | ▲ 791% |
| Profit (loss) for the period before taxes9903 | €49k | €34k | €30k | €59k | €53k | ▼ 10.1% |
| Income taxes67/77 | €15k | €21k | €10k | €18k | €25k | ▲ 42.1% |
| Profit (loss) for the period9904 | €34k | €13k | €21k | €41k | €28k | ▼ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €34k | €13k | €21k | €41k | €28k | ▼ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184k | €182k | €196k | €244k | €278k | ▲ 13.7% |
| Fixed assets21/28 | €25k | €19k | €18k | €10k | €2k | ▼ 76.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €23k | €18k | €17k | €9k | €1k | ▼ 86.6% |
| Plant, machinery and equipment23 | €3k | €3k | €2k | €1k | €598 | ▼ 51.7% |
| Furniture and vehicles24 | €20k | €15k | €15k | €8k | €586 | ▼ 92.3% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €159k | €164k | €178k | €234k | €276k | ▲ 17.6% |
| Stocks and contracts in progress3 | €532 | €932 | €825 | €588 | €486 | ▼ 17.4% |
| Stocks30/36 | €532 | €932 | €825 | €588 | €486 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €73k | €46k | €50k | €86k | €73k | ▼ 14.2% |
| Trade receivables40 | €65k | €42k | €41k | €76k | €69k | ▼ 9.3% |
| Other amounts receivable41 | €8k | €4k | €8k | €9k | €4k | ▼ 54.4% |
| Cash at bank and in hand54/58 | €86k | €91k | €128k | €148k | €199k | ▲ 34.1% |
| Deferred charges and accrued income490/1 | - | €25k | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184k | €182k | €196k | €244k | €278k | ▲ 13.7% |
| Equity10/15 | €151k | €165k | €175k | €216k | €244k | ▲ 12.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €67k | €77k | €87k | €102k | €127k | ▲ 24.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €65k | €75k | €85k | €100k | €125k | ▲ 25.0% |
| Profit (loss) carried forward14 | €66k | €69k | €70k | €96k | €99k | ▲ 2.8% |
| Amounts payable17/49 | €32k | €18k | €21k | €28k | €34k | ▲ 21.2% |
| Amounts payable within one year42/48 | €32k | €18k | €21k | €28k | €34k | ▲ 21.2% |
| Trade debts44 | €4k | €304 | €12k | €7k | €13k | ▲ 82.7% |
| Suppliers440/4 | €4k | €304 | €12k | €7k | €13k | ▲ 82.7% |
| Taxes, remuneration and social security45 | €9k | €9k | €1k | €12k | €14k | ▲ 20.5% |
| Taxes450/3 | €9k | €9k | €1k | €12k | €14k | ▲ 20.5% |
| Other amounts payable47/48 | €20k | €9k | €7k | €9k | €7k | ▼ 24.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €13k | €21k | €41k | €28k | ▼ 32.8% |
| + Depreciation and write-downs630 | €5k | €6k | €7k | €8k | €8k | ▼ 3.5% |
| Operating cash flow (approximation) | €40k | €19k | €28k | €49k | €35k | ▼ 28.1% |
| Investment in fixed assets (approximation) | - | €0 | €-7k | €0 | €0 | - |
| Change in cash | - | €6k | €36k | €21k | €51k | ▲ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Highest result since 2018net €41k ▲98.6%
Operating result €59k, net result €41k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲23.5%
7 profitable years in a row build equity to €216k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 200 days late
2021
31-12
Financial
Equity above €150kEq €151k ▲29.5%
4 profitable years in a row build equity to €151k.
2020
31-12
Financial
Equity above €100kEq €117k ▲24.4%
3 profitable years in a row build equity to €117k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼76.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 107 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 192 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2008
Ground area
333 m²
Building footprint
119 m²
Volume, LiDAR
594 m³
Parcel 24051C0137/00R008, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M & E Electro
since 20082.174.992.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051C0137/00R008 | Flanders | 333 m² | 1 · 119 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
IMPENS
BE 0457.148.132
Merelbeke-Melle · Eq €243,993
ETS.VH
BE 0896.079.466
Sint-Jans-Molenbeek · Eq €244,099
RS ONE
BE 0688.783.934
Sint-Pieters-Leeuw · Eq €244,107
MDSolar
BE 0824.253.837
Keerbergen · Eq €244,109
CGTL ELECTRICITE
BE 0752.866.290
Waimes · Eq €244,223
Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,943 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Phone
0495 27 20 04Leuven
Scores and ratios are computed by Checked and are not a credit decision.