M-Electro

Active

Private limited companyfounded 20224 yrs activeWouwerstraat 31, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0786.988.318

The computed 12-month bankruptcy probability of M-Electro is 2.7% (moderate). The 2024 annual accounts show equity of €32k and a net result of €13k. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 36378 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

100 / 100

Excellent▲ +27 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency95▲+40

Growth78▲+26

Stability94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 1.93 against 1.34 in 2023), and 46.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

53.7%

Return on assets

21.7%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

140 d early

2022

84 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€0

Total assets

€60k▼ 4.1%

2023 · €63k

2022: €63k 2023: €63k

2022 → 2024

Net result

€13k▲ 50.1%

2023 · €9k

2022: €10k 2023: €9k

2022 → 2024

Working capital

€26k▲ 85.2%

2023 · €14k

2022: €8k 2023: €14k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€0

Equity€10k-€19k▲ 83.2%€32k▲ 68.1%

Operating result€14k-€13k▼ 7.8%€19k▲ 47.9%

Net result€10k-€9k▼ 16.0%€13k▲ 50.1%

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 2024; 2024 is 48% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €60k

11%

89.3%

Fixed assets €6k▼ 10.6%

Current assets €54k▼ 3.2%

Equity and liabilities €60k

53.7%

46.3%

Equity €32k▲ 68.1%

Debt €28k▼ 35.9%

The debt ratio falls from 69.4% to 46.3%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €14k

Cash flow

€14k▲

2023 · €9k

Solvency

53.7%▲

2023 · 30.6%

Current ratio

1.93▲

2023 · 1.34

Quick ratio

1.44▲

2023 · 0.81

Debt / equity

0.86▼

2023 · 2.27

ROE

40.5%▼

2023 · 45.4%

ROA

21.7%▲

2023 · 13.9%

Interest coverage

17.32▼

2023 · 33.18

Debt

€28k▼

2023 · €44k

Debt ≤ 1 year

€28k▼

2023 · €42k

Debt > 1 year

€0▼

2023 · €2k

Income taxes

€5k▲

2023 · €4k

Staff costs

€5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€63k€60k▼

Fixed assets21/28€7k€6k▼

Tangible fixed assets22/27€7k€6k▼

Plant, machinery and equipment23€7k€6k▼

Financial fixed assets28€560€560=

Current assets29/58€56k€54k▼

Stocks and contracts in progress3€22k€14k▼

Stocks30/36€22k€14k▼

Amounts receivable within one year40/41€20k€39k▲

Trade receivables40€13k€31k▲

Other amounts receivable41€7k€8k▲

Cash at bank and in hand54/58€12k€1k▼

Deferred charges and accrued income490/1€2k€0▼

Equity and liabilities

Total equity and liabilities10/49€63k€60k▼

Equity10/15€19k€32k▲

Contributions10/11€100€100=

Profit (loss) carried forward14€19k€32k▲

Amounts payable17/49€44k€28k▼

Amounts payable after more than one year17€2k€0▼

Financial debts170/4€2k€0▼

Amounts payable within one year42/48€42k€28k▼

Current portion of amounts payable after more than one year42€2k€2k▼

Financial debts43-€2k

Credit institutions430/8-€2k

Trade debts44€26k€11k▼

Suppliers440/4€26k€11k▼

Taxes, remuneration and social security45€10k€10k▲

Taxes450/3€9k€7k▼

Remuneration and social security454/9€1k€3k▲

Other amounts payable47/48€3k€3k▲

Income statement Code20232024

Turnover70-€0

Goods, raw materials, services and sundry goods60/61-€0

Remuneration, social security and pensions62-€5k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€760€760=

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€186

Other operating charges640/8€265€411▲

Gross operating margin9900€14k€25k▲

Operating profit (loss)9901€13k€19k▲

Financial income75/76B€405€180▼

Recurring financial income75€405€180▼

Financial charges65/66B€413€1k▲

Recurring financial charges65€413€1k▲

Profit (loss) for the period before taxes9903€13k€18k▲

Income taxes67/77€4k€5k▲

Profit (loss) for the period9904€9k€13k▲

Profit (loss) for the period to be appropriated9905€9k€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€19k€32k▲

Profit (loss) brought forward from the previous period14P€10k€19k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Highest result since 2022net €13k ▲50.1%

Operating result €19k, net result €13k, both a record.

13-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €9k ▼16%

Net result drops to €9k, the lowest in the series; recovery starts the following year.

23-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 84 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, Heist-op-den-Berg · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Wouwerstraat 312220 Heist-op-den-Berg

Ground area

1,248 m²

Building footprint

130 m²

Volume, LiDAR

376 m³

Parcel 12322I0765/00F000, Flanders · tallest building 17.5 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

M-Electro

Wouwerstraat 31, 2220 Heist-op-den-BergGeneral electrical installation work

since 20222.333.224.934

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12322I0765/00F000	Flanders	1,248 m²	1 · 130 m²	17.5 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 2 entries · 221 EUR awarded · 221 EUR paid

Year	Entries	awarded	paid
2025	1	41 EUR	41 EUR
2022	1	180 EUR	180 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 221 EUR · 221 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

RDM ELEKTRICITEITSWERKEN

BE 0763.992.883

Heusden-Zolder · Eq €32k

VERVAET B. ELEKTRO

BE 0691.874.670

Beveren-Kruibeke-Zwijndrecht · Eq €32k

STEF DE WITTE SERVICES

BE 1019.478.017

Beveren-Kruibeke-Zwijndrecht · Eq €32k

Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,027 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-06-2022

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

43990Other specialised construction activities

43995Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.