Equity
€320,908 ▲ 7.1%
MDelec paid out €65,500 in dividends. That is 89% of the 2025 profit.
MDelec
Lifetime
6 annual accounts with figures on one time axispeak €281,973 (2025)
€281,973▲ 16.9%
peak €122,025 (2023)
€73,874▼ 0.7%
peak €320,908 (2025)
€320,908▲ 7.1%
€612,600▲ 7.3%
peak 3.2 FTE (2025)
3.2 FTE▲ 52.4%
Board1 name since 2020
1 director
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Gross margin from €241,284 to €281,973Staff from 2.1 FTE to 3.2 FTERegistered office moved within Baillonville 12-03Dividend €65,500Investments €111,204
Key points
from the 2025 annual accountsInvestments
€111,204 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 25.8% higher than in 2024.
Staff
2 employees on 31-12-2025
In 2025, 5 people joined and 6 left.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as MDelec has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,969 companies, not a prediction for MDelec. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744993949
Registered office moved within Baillonville
New registered office: Zone d'activités Nord, 2 à 5377 Baillonville · Previous registered office: Route de France, 2-5377 Baillonville · holds all the shares · General meeting of 02-01-2025 · Gazette deed
First establishment
Zone d'activités Nord, Bail. 2, Somme-Leuze
Incorporation
Founder: · 100 shares · Appointment: (director) · published on 16-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDelec Somme-Leuze | €0.9m | €281,973 | 34.4% | 3.2 |
| THIENPONDT - FLORIJN TECH Vilvoorde | €0.8m | €313,696 | 21.2% | 3.3 |
| DECO TECHNIEKEN Torhout | €0.8m | €327,571 | 21.1% | 3.7 |
| IDEELEC Tongeren-Borgloon | €0.9m | €325,849 | 65.9% | 2.3 |
| KN Light Berlaar | €0.9m | €360,662 | 17.2% | 4.1 |
| LP ELEKTRO TECHNIEKEN Lievegem | €1.1m | €397,752 | 33.3% | 3.3 |
| ELECTRO KOEN DHONDT Middelkerke | €1.2m | €330,969 | 42.9% | 4 |
These companies have the same main activity as MDelec: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €793,000 and €1.2m, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 12-03-2020Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2023
- Establishment unit
- 2.300.545.2385377 Somme-Leuze, since 01-04-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 16-10-2025
Annual accounts 2025
- ≈ €620,000estimated
- €933,508▲ 7.2%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on MDelec
MDelec files the abbreviated format. That format states no turnover. The gross margin rose from €34,551 in 2020 to €281,973 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDelec
- What is the company number of MDelec?
- The company number of MDelec is 0744.993.949. The VAT number is the same number with BE in front: BE 0744.993.949.
- Where is MDelec based?
- The registered office is at Zone d'activités Nord, Bail. 2, 5377 Somme-Leuze.Company details
- What does MDelec do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MDelec?
- MDelec is a private limited company (BV).
- When was MDelec founded?
- MDelec was founded on 12-03-2020.
- Is MDelec still active?
- Yes, MDelec is an active enterprise in the KBO register.
- How many employees does MDelec have?
- MDelec had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MDelec fall under?
- In its 2023 annual accounts, MDelec states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of MDelec?
- The turnover in financial year 2025 is ≈ €620,000. This figure is estimated from the gross margin of €281,973 and 35 comparable companies (NACE 43211). It probably lies between €540,000 and €770,000.
- Is MDelec profitable?
- In financial year 2025, MDelec made a profit of €73,874.
- Where can I find the annual accounts of MDelec?
- MDelec filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDelec due?
- MDelec must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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