NM-ELEC
ActiveSummary
NM-ELEC has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,787 and a net result of €3,415. Its solvency ranks better than 82% of 9,816 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €18,787
- Profit
- €3,415
- MADONIA, NicolasDirector
Why 71raises riskSize: turnover €95,532, total assets €25,773Founded in 2023lowers riskLiquidity: current ratio 3.67, cash €10,618Equity €18,787 (72.9% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 79% on solvency, 87% on liquidity, 39% on profitability and 69% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 2 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: MADONIA, Nicolas (administrateur non…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 55% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | - | €95,532 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €90,265 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €950 | - | - |
| Other operating charges640/8 | €985 | €868 | ▼ 11.9% |
| Gross operating margin9900 | €16,987 | €7,675 | ▼ 54.8% |
| Operating profit (loss)9901 | €15,052 | €6,807 | ▼ 54.8% |
| Financial income75/76B | - | €108 | - |
| Recurring financial income75 | - | €108 | - |
| Financial charges65/66B | €680 | €2,062 | ▲ 203% |
| Recurring financial charges65 | €680 | €2,062 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €14,372 | €4,853 | ▼ 66.2% |
| Income taxes67/77 | €4,000 | €1,438 | ▼ 64.1% |
| Profit (loss) for the period9904 | €10,372 | €3,415 | ▼ 67.1% |
| Profit (loss) for the period to be appropriated9905 | €10,372 | €3,415 | ▼ 67.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,935 | €25,773 | ▲ 23.1% |
| Fixed assets21/28 | €120 | €120 | = |
| Financial fixed assets28 | €120 | €120 | = |
| Current assets29/58 | €20,815 | €25,653 | ▲ 23.2% |
| Amounts receivable within one year40/41 | €11,638 | €14,239 | ▲ 22.3% |
| Trade receivables40 | €7,787 | €14,239 | ▲ 82.9% |
| Other amounts receivable41 | €3,851 | - | - |
| Cash at bank and in hand54/58 | €9,177 | €10,618 | ▲ 15.7% |
| Deferred charges and accrued income490/1 | - | €796 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,935 | €25,773 | ▲ 23.1% |
| Equity10/15 | €15,372 | €18,787 | ▲ 22.2% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €10,000 | €13,000 | ▲ 30.0% |
| Distributable reserves133 | €10,000 | €13,000 | ▲ 30.0% |
| Profit (loss) carried forward14 | €372 | €787 | ▲ 112% |
| Amounts payable17/49 | €5,563 | €6,986 | ▲ 25.6% |
| Amounts payable within one year42/48 | €5,563 | €6,986 | ▲ 25.6% |
| Trade debts44 | €1,563 | €503 | ▼ 67.8% |
| Suppliers440/4 | €1,563 | €503 | ▼ 67.8% |
| Taxes, remuneration and social security45 | €4,000 | €6,035 | ▲ 50.9% |
| Taxes450/3 | €4,000 | €6,035 | ▲ 50.9% |
| Other amounts payable47/48 | - | €448 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,372 | €3,415 | ▼ 67.1% |
| + Depreciation and write-downs630 | €950 | - | - |
| Operating cash flow (approximation) | €11,322 | €3,415 | ▼ 69.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €1,441 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-07-2026 | 2026-00253218 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00437716 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MADONIA, Nicolas |
|
Owners and capital
Capital and shareholders
- MADONIA, Nicolas 5 shares (100%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 11-07-2023 Incorporation · €5,000 · 5 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 7 July 2023, NM-ELEC was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 MADONIA, Nicolas has served as administrateur non statutaire of the company since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
11-07
Gazette deed
IncorporationAppointment: MADONIA, Nicolas (administrateur non statutaire) · Registered office clause · Board rule10 facts ▸
- Registered office clause, “7100 La Louvière (Saint-Vaast), rue Omer Thiriar 126/1, à_dater_du_dépôt_au_greffe_expédition_acte_constitutif” (deed in French)
- Board rule, 1, “à_dater_du_dépôt_au_greffe_expédition_acte_constitutif” (deed in French)
- Director appointment, MADONIA, Nicolas (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, engagements_obligations_activités_au_nom_et_pour_compte_société_en_formation” (deed in French)
- Incorporation, “NM-ELEC” (deed in French)
- Founder, MADONIA, Nicolas
- Founding capital, €5,000
- Bank account, “libération de l’apport en numéraire, compte spécial ouvert au nom de la société en formation” (deed in French)
- Capital
- Other provision, “plan financier, remis au notaire avant constitution” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0803.698.844
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55038B0503/00Y000 | Wallonia | 137 m² | 1 · 53 m² | 12.8 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tous travaux d'installation électrotechnique de bâtiment notamment de câbles et appareils électriques ; câbles de télécommunication…” (deed in French)
23 activities (deed in French)
- Tous travaux d'installation électrotechnique de bâtiment notamment de câbles et appareils électriques ; câbles de télécommunication ; câblage de réseau informatique et de télévision y compris les fibres optiques,les paraboles ;
- Tous travaux d'installation d'électricité et d'éclairage ;
- La vente et tous travaux d'installation de capteurs électriques d'énergie solaire ;
- La vente et tous travaux d'installation de systèmes d'alarme sans surveillance tels que les alarmes incendie et les alarmes contre les effractions ;
- Le commerce,l'installation,la connexion,l'entretien et réparation d'appareils électriques et électroménagers ;
- La vente et l'installation de systèmes de chauffage électrique par panneau rayonnant ;
- La vente et l'installation de panneaux photovoltaïques ;
- Toutes prestations relatives à l'électricité en général et aux énergies renouvelables ;
- Les travaux d’électricité dans les bâtiments (installation,réparation,entretien,maintenance)
- L'installation de systèmes d'alimentation de secours (groupes électrogènes),
- L'installation de systèmes de chauffage à l'électricité,
- L'installation d'ascenseurs et d'escaliers mécaniques,
- La surveillance éventuellement à distance,de systèmes de sécurité électroniques tels que des dispositifs d’alarme antivol et d’alarme incendie,y compris leur installation et maintenance,
- L’achat,la vente,l’importation,la représentation,la fabrication de tous produits,objets,matériel et pièces détachées relatifs à toutes installations électriques et électrotechniques
- L’entreprise générale de construction et notamment le gros œuvre,la maçonnerie et le béton,les travaux de démolition,plafonnage,cimentage,pose de chape,tailleur de pierre,marbrier,carrelage,toiture et étanchéité,sanitaire et plomberie,installation chauffage au gaz,de chauffage central,zinguerie et couvertures métalliques et non métalliques,travaux de vitrage,menuiserie charpenterie,peinture,pose revêtements murs et sols,électricité générale ainsi que tous placements de système d’alarme,de climatisation et de domotique,électrotechnique,lavage de vitres,horticulture,élagage d’arbres,aménagement de parcs et de jardin,construction de pavillons démontables et baraquements non métalliques,placement de clôture,ramonage de cheminées,installation d’échafaudage,de rejointoiement et nettoyage de façades,travaux d’égout,travaux de pose de câbles et de canalisations diverses,fabrication et d’installation de cheminées ornementales,nettoyage et désinfection de maisons et de locaux,meubles,ameublement et objets divers,fabrication et garnissage de meubles non métallique,installation de ventilation et d’aération,de chauffage à air chaud,de conditionnement d’air et de tuyauteries industrielles,travaux de drainage,placement de cuisines équipées,construction,réfection et entretien des routes ;
- Nettoyage intérieur de bâtiments de tous types,y compris les bureaux,les ateliers,les usines,les locaux d’institutions et les autres locaux à usage commercial ou professionnel ainsi que les maisons unifamiliales et les immeubles à appartements,le nettoyage des vitres,le repassage ainsi que toutes activités dans le cadre des titres services au domicile et hors domicile de l’utilisateur des titres services ;
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales,
- L’informatique au sens le plus large du terme,tels que la création de sites internet et de logiciels informatique,l’étude,la recherche,la conception,le développement,la mise en place et la commercialisation de technologies et de systèmes informatisés,de systèmes de régulations,d’exploitations,de gestion assistées,administratifs,commerciaux,industriels ; la création et la commercialisation de programme informatiques,d’application relatives au domaine IT et de tout « software » ;
- Tous travaux d’entreprise générale non réglementés ;
- Toutes activités de vente,acquisition,location,réparation et remise en état de machines industrielles et autres valeurs mobilières,ainsi que de vente de matériel de nettoyage,de produits,de consommables et autres valeurs mobilières ;
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,de renouvellement,de modernisation,et la maintenance de tous types d’ouvrages électriques ;
- Toutes les activités d’entreprise générale d’électricité basse-tension.
- La société pourra également effectuer tous travaux de bureau d’étude,dessins industriels et plans électriques.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NM-ELEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, simple décision” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, physiques morales actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié_cédant_moitié_acquéreurs_prorata, nullité” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions – droit de préférence, organe qui procède à l’émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues_pour_modifications_aux_statuts, assemblée_générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed