Financials
- Fiscal year
- 2024
- Turnover
- €206,537
- Profit
- €4,526
- Solvency
- 54.3%
Turnover▼ 18.3%
Net result
20232024
MS ELECTRIC
ActiveSummary
MS ELECTRIC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,287 and a net result of €4,526. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 36370 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€206,537turnover 2024
- Staff
- 1.2 FTE
- Equity
- €76,287
- Profit
- €4,526
Who decides
Accounts 62 d overdue0 of 4 deeds read
Why 67- Higher-failure-rate sector- Higher-failure-rate region- Annual accounts: weaker financial profile+ Long track record+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-9
Solvency79▼-21
Growth22▼-36
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 4.1 in 2023; short-term debt: 21.2% and cash: 3.6% of total assets), and 45.7% of the assets are financed with debt.
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Signals
Six 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 · 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
54.3%
Return on assets
3.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €76,287
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
22 d late
2022
31 d late
2021
60 d late
2020
31 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 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…
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €13,624
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- 05-07-2025Annual accounts filed
- 22-08-2024Annual accounts filed
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General electrical installation workNACE 43211
- Founded
- 10-07-1998
- 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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