Turnover
≈ €42,000 estimated
The accounts state no turnover.
Modern Electric
Lifetime
4 annual accounts with figures on one time axispeak €13,756 (2024)
€6,155▼ 55.3%
lowest -€4,117 (2025)
-€4,117▼ €6,500
peak €15,571 (2024)
€11,818▼ 24.1%
€8,423▼ 78.8%
Board1 name since 2022
1 directorCASSEAU Quentin Carine Patrick Jacques
Documentsfilings and deeds
30-08-202630 days late
2025abbreviated format
Gross margin from €13,756 to €6,155Loss of €4,117Equity from €15,571 to €11,818Debts from €39,719 to €8,423Cash from €1,456 to €2,203
Key points
from the 2025 annual accountsInvestments
€902 33.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.75 was 63.34 in 2024
Short-term debts rose from €352 to €7,044.
Filings
4 annual accounts 4 late
The 2022 accounts came latest: 59 days after the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
€11,818
Less equity than 84% of companies in civil engineering. Sector median €320,811 · 529 companies.
Checked score
64
Healthy
Financially stronger than 35% of micro companies in civil engineering (NACE 42)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.7%▲ +0.1 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.8%▲ +0.1 percentage points vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 1.9%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.4 percentage points vs 07-2025
09-2025: 2.9%▲ +0.6 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.5%▼ -0.4 percentage points vs 11-2025
01-2026: 2.4%▼ -0.1 percentage points vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.5%▲ +0.1 percentage points vs 02-2026
04-2026: 2.4%▼ -0.1 percentage points vs 03-2026
05-2026: 2.5%▲ +0.1 percentage points vs 04-2026
06-2026: 2.6%▲ +0.1 percentage points vs 05-2026
07-2026: 2.6%● unchanged vs 06-2026
08-2026: 3.3%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.2%▼ -2.1 percentage points vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2022
Size: total assets €20,241
Last filed accounts filed 30 days late
lowers risk
Figures for financial year 2025 (filed on 30-08-2026)
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 42, micro). It does better than 66% of them on solvency, 44% on liquidity, 11% on profitability and 18% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as Modern Electric has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Modern Electric itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,223 companies, not a prediction for Modern Electric. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.75 (63.34 in 2024), above the usual 1.5. Short-term debt is 34.8% and cash 10.9% of total assets. 41.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 4 filingsDeviation from the deadline
2025
30 days late
2024
4 days late
2023
29 days late
2022
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 31 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% 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 30 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CASSEAU Quentin Carine Patrick Jacques 100 sharesdeed of 05-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784355559
Incorporation
Founding capital of €5,000, 100 shares · Founder: CASSEAU Quentin Carine Patrick Jacques · Appointment: CASSEAU Quentin Carine Patrick Jacques (director) · published on 05-04-2022 · Gazette deed
First establishment
Modern Electric SRL, Vogelenzangstraat 36, Kortenberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Modern Electric Kortenberg | €20,241 | €6,155 | 58.4% | - |
| YK ELEKTRO Ghent | €20,736 | €7,773 | 62.3% | - |
| VLSanitair & VLElectric Schoten | €29,827 | €6,949 | 91.6% | - |
| ESL Services Antwerp | €28,726 | €3,887 | 0.9% | - |
| JEMAV Antwerp | €28,080 | €3,598 | 2.2% | - |
| AEB Construct Antwerp | €18,650 | €9,279 | 62.1% | - |
| C-YOU FIBER Wemmel | €29,256 | €4,617 | 65.9% | - |
These companies have the same main activity as Modern Electric: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €18,600 and €29,800, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 01-04-2022Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 5 others
- Establishment unit
- 2.331.552.1783070 Kortenberg, since 01-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 29-10-2026
Insights on Modern Electric
Modern Electric files the abbreviated format. That format states no turnover. The gross margin fell from €9,514 in 2022 to €6,155 in 2025.
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 Modern Electric
- What is the company number of Modern Electric?
- The company number of Modern Electric is 0784.355.559. The VAT number is the same number with BE in front: BE 0784.355.559.
- Where is Modern Electric based?
- The registered office is at Vogelenzangstraat 36, 3070 Kortenberg.Company details
- What does Modern Electric do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of Modern Electric?
- Modern Electric is a private limited company (BV).
- When was Modern Electric founded?
- Modern Electric was founded on 01-04-2022.
- Is Modern Electric still active?
- Yes, Modern Electric is an active enterprise in the KBO register.
- What is the turnover of Modern Electric?
- The turnover in financial year 2025 is ≈ €42,000. This figure is estimated from the gross margin of €6,155 and 2,728 comparable companies of the same size. It probably lies between €17,000 and €100,000. It is a rough estimate.Financials
- Is Modern Electric profitable?
- In financial year 2025, Modern Electric made a loss of €4,117.
- Where can I find the annual accounts of Modern Electric?
- Modern Electric filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Modern Electric due?
- Modern Electric must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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