P.S.C. ELECTRO
ActiveSummary
P.S.C. ELECTRO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €92k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-6
Solvency59▲+5
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.28 in 2024; short-term debt: 46.4% and cash: 13.8% of total assets), but 66.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.5%
Return on assets
13.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
65 d early
2023
58 d early
2022
39 d early
2021
58 d early
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€232k▼ 59.5%
2024 · €574k
2018: €350k
2019: €428k▲ +22.4% vs 2018
2020: €486k▲ +13.6% vs 2019
2021: €432k▼ -11.1% vs 2020
2022: €431k▼ -0.3% vs 2021
2023: €461k▲ +7.0% vs 2022
2024: €574k▲ +24.4% vs 2023highest in 8 years
2025: €232k▼ -59.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€693k▼ 64.8%
2024 · €1.97M
2018: €985k
2019: €1.10M▲ +11.2% vs 2018
2020: €1.17M▲ +6.6% vs 2019
2021: €1.05M▼ -10.5% vs 2020
2022: €1.75M▲ +67.3% vs 2021
2023: €1.92M▲ +9.6% vs 2022
2024: €1.97M▲ +2.5% vs 2023highest in 8 years
2025: €693k▼ -64.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€92k▼ 73.8%
2024 · €351k
2018: €90k
2019: €78k▼ -12.6% vs 2018
2020: €58k▼ -25.4% vs 2019lowest in 8 years
2021: €120k▲ +105% vs 2020
2022: €95k▼ -21.2% vs 2021
2023: €92k▼ -3.1% vs 2022
2024: €351k▲ +284% vs 2023highest in 8 years
2025: €92k▼ -73.8% vs 2024
2018 → 2025
Working capital
€200k▲ 41.3%
2024 · €141k
2018: €178k
2019: €258k▲ +44.5% vs 2018
2020: €278k▲ +7.8% vs 2019highest in 8 years
2021: €237k▼ -14.7% vs 2020
2022: €63k▼ -73.3% vs 2021
2023: €44k▼ -31.2% vs 2022lowest in 8 years
2024: €141k▲ +224% vs 2023
2025: €200k▲ +41.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€432k-€431k▼ 0.3%€461k▲ 7.0%€574k▲ 24.4%€232k▼ 59.5%
2021: €432k
2022: €431k▼ -0.3% vs 2021
2023: €461k▲ +7.0% vs 2022
2024: €574k▲ +24.4% vs 2023highest in 5 years
2025: €232k▼ -59.5% vs 2024lowest in 5 years
Operating result€188k-€165k▼ 12.1%€155k▼ 6.5%€516k▲ 234%€145k▼ 71.9%
2021: €188k
2022: €165k▼ -12.1% vs 2021
2023: €155k▼ -6.5% vs 2022
2024: €516k▲ +234% vs 2023highest in 5 years
2025: €145k▼ -71.9% vs 2024lowest in 5 years
Net result€120k-€95k▼ 21.2%€92k▼ 3.1%€351k▲ 284%€92k▼ 73.8%
2021: €120k
2022: €95k▼ -21.2% vs 2021
2023: €92k▼ -3.1% vs 2022lowest in 5 years
2024: €351k▲ +284% vs 2023highest in 5 years
2025: €92k▼ -73.8% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693k
Fixed assets
€172k ▼ 87.0%
Current assets
€521k ▼ 19.1%
Equity and liabilities €693k
Equity
€232k ▼ 59.5%
Debt
€461k ▼ 66.9%
Debt's share of the balance-sheet total falls from 70.8% to 66.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€183k▼
2024 · €590k
Cash flow
€130k▼
2024 · €425k
Current ratio
1.62▲
2024 · 1.28
Quick ratio
1.49▲
2024 · 1.19
Debt to equity
1.98▼
2024 · 2.43
ROE
39.6%▼
2024 · 61.2%
ROA
13.3%▼
2024 · 17.9%
Interest coverage
10.60▼
2024 · 15.85
Debt ≤ 1 year
€321k▼
2024 · €503k
Debt > 1 year
€134k▼
2024 · €889k
Income taxes
€39k▼
2024 · €128k
Staff costs
€536k▼
2024 · €594k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.97M€693k▼
Fixed assets21/28€1.32M€172k▼
Tangible fixed assets22/27€1.32M€172k▼
Land and buildings22€1.25M€124k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€52k€35k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€7k€6k▼
Current assets29/58€644k€521k▼
Stocks and contracts in progress3€46k€41k▼
Stocks30/36€46k€41k▼
Amounts receivable within one year40/41€275k€232k▼
Trade receivables40€275k€177k▼
Other amounts receivable41€72€55k▲
Current investments50/53-€125k
Cash at bank and in hand54/58€294k€96k▼
Deferred charges and accrued income490/1€29k€27k▼
Equity and liabilities
Total equity and liabilities10/49€1.97M€693k▼
Equity10/15€574k€232k▼
Contributions10/11€6k€2k▼
Reserves13€478k€172k▼
Non-distributable reserves130/1€0-
Other1319€0-
Distributable reserves133€478k€172k▼
Profit (loss) carried forward14€90k€57k▼
Amounts payable17/49€1.39M€461k▼
Amounts payable after more than one year17€889k€134k▼
Financial debts170/4€889k€134k▼
Amounts payable within one year42/48€503k€321k▼
Current portion of amounts payable after more than one year42€92k€24k▼
Financial debts43-€17k
Credit institutions430/8-€17k
Trade debts44€118k€140k▲
Suppliers440/4€118k€140k▲
Advances received on contracts in progress46€16k€0▼
Taxes, remuneration and social security45€150k€92k▼
Taxes450/3€82k€33k▼
Remuneration and social security454/9€67k€59k▼
Other amounts payable47/48€126k€49k▼
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Remuneration, social security and pensions62€594k€536k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€38k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€9k€11k▲
Gross operating margin9900€1.19M€733k▼
Operating profit (loss)9901€516k€145k▼
Financial income75/76B€690€3k▲
Recurring financial income75€690€3k▲
Financial charges65/66B€37k€17k▼
Recurring financial charges65€37k€17k▼
Profit (loss) for the period before taxes9903€480k€131k▼
Income taxes67/77€128k€39k▼
Profit (loss) for the period9904€351k€92k▼
Profit (loss) for the period to be appropriated9905€351k€92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€358k€125k▼
Profit (loss) brought forward from the previous period14P€7k€33k▲
Transfer from equity791/2€60k€51k▼
Transfer to equity691/2€90k€46k▼
To other reserves6921€90k€46k▼
Profit to be distributed694/7€239k€72k▼
Return on contributions (dividend)694€239k€72k▼
Social balance
Average headcount (FTE)908710.410.4=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €12k | - | - | €6k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €443k | €389k | €545k | €594k | €536k | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €48k | €78k | €74k | €38k | ▼ 48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2k | - |
| Other operating charges640/8 | €4k | €9k | €11k | €9k | €11k | ▲ 30.0% |
| Non-recurring operating charges66A | €15k | - | - | - | - | - |
| Gross operating margin9900 | €705k | €611k | €789k | €1.19M | €733k | ▼ 38.6% |
| Operating profit (loss)9901 | €188k | €165k | €155k | €516k | €145k | ▼ 71.9% |
| Financial income75/76B | €710 | €24 | €2k | €690 | €3k | ▲ 363% |
| Recurring financial income75 | €710 | €24 | €2k | €690 | €3k | ▲ 363% |
| Financial charges65/66B | €13k | €29k | €36k | €37k | €17k | ▼ 53.6% |
| Recurring financial charges65 | €13k | €29k | €36k | €37k | €17k | ▼ 53.6% |
| Profit (loss) for the period before taxes9903 | €176k | €136k | €121k | €480k | €131k | ▼ 72.7% |
| Income taxes67/77 | €56k | €41k | €29k | €128k | €39k | ▼ 69.8% |
| Profit (loss) for the period9904 | €120k | €95k | €92k | €351k | €92k | ▼ 73.8% |
| Profit (loss) for the period to be appropriated9905 | €120k | €95k | €92k | €351k | €92k | ▼ 73.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.05M | €1.75M | €1.92M | €1.97M | €693k | ▼ 64.8% |
| Fixed assets21/28 | €606k | €1.37M | €1.41M | €1.32M | €172k | ▼ 87.0% |
| Tangible fixed assets22/27 | €606k | €1.37M | €1.41M | €1.32M | €172k | ▼ 87.0% |
| Land and buildings22 | €520k | €1.28M | €1.30M | €1.25M | €124k | ▼ 90.1% |
| Plant, machinery and equipment23 | €11k | €13k | €14k | €11k | €7k | ▼ 29.4% |
| Furniture and vehicles24 | €22k | €28k | €68k | €52k | €35k | ▼ 32.9% |
| Leasing and similar rights25 | €41k | €31k | €21k | €0 | - | - |
| Other tangible fixed assets26 | €11k | €10k | €9k | €7k | €6k | ▼ 21.1% |
| Current assets29/58 | €440k | €384k | €507k | €644k | €521k | ▼ 19.1% |
| Stocks and contracts in progress3 | €48k | €56k | €46k | €46k | €41k | ▼ 10.0% |
| Stocks30/36 | €48k | €56k | €46k | €46k | €41k | ▼ 10.0% |
| Amounts receivable within one year40/41 | €110k | €198k | €296k | €275k | €232k | ▼ 15.9% |
| Trade receivables40 | €98k | €149k | €235k | €275k | €177k | ▼ 35.9% |
| Other amounts receivable41 | €12k | €49k | €60k | €72 | €55k | ▲ 77,164% |
| Current investments50/53 | - | - | - | - | €125k | - |
| Cash at bank and in hand54/58 | €261k | €110k | €140k | €294k | €96k | ▼ 67.4% |
| Deferred charges and accrued income490/1 | €21k | €21k | €25k | €29k | €27k | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.05M | €1.75M | €1.92M | €1.97M | €693k | ▼ 64.8% |
| Equity10/15 | €432k | €431k | €461k | €574k | €232k | ▼ 59.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €2k | ▼ 62.9% |
| Reserves13 | €425k | €419k | €448k | €478k | €172k | ▼ 63.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Other1319 | - | - | €2k | €0 | - | - |
| Distributable reserves133 | €423k | €417k | €446k | €478k | €172k | ▼ 63.9% |
| Profit (loss) carried forward14 | €959 | €5k | €7k | €90k | €57k | ▼ 36.0% |
| Amounts payable17/49 | €614k | €1.32M | €1.46M | €1.39M | €461k | ▼ 66.9% |
| Amounts payable after more than one year17 | €411k | €998k | €993k | €889k | €134k | ▼ 84.9% |
| Financial debts170/4 | €411k | €998k | €993k | €889k | €134k | ▼ 84.9% |
| Amounts payable within one year42/48 | €203k | €321k | €463k | €503k | €321k | ▼ 36.1% |
| Current portion of amounts payable after more than one year42 | €50k | €94k | €125k | €92k | €24k | ▼ 73.7% |
| Financial debts43 | - | - | - | - | €17k | - |
| Credit institutions430/8 | - | - | - | - | €17k | - |
| Trade debts44 | €101k | €69k | €190k | €118k | €140k | ▲ 18.1% |
| Suppliers440/4 | €101k | €69k | €190k | €118k | €140k | ▲ 18.1% |
| Advances received on contracts in progress46 | - | - | - | €16k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €52k | €66k | €89k | €150k | €92k | ▼ 38.8% |
| Taxes450/3 | €2k | €16k | €12k | €82k | €33k | ▼ 60.0% |
| Remuneration and social security454/9 | €50k | €50k | €78k | €67k | €59k | ▼ 12.8% |
| Other amounts payable47/48 | €115 | €91k | €59k | €126k | €49k | ▼ 61.5% |
| Accrued charges and deferred income492/3 | - | €200 | €500 | €0 | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120k | €95k | €92k | €351k | €92k | ▼ 73.8% |
| + Depreciation and write-downs630 | €55k | €48k | €78k | €74k | €38k | ▼ 48.1% |
| Operating cash flow (approximation) | €174k | €142k | €170k | €425k | €130k | ▼ 69.4% |
| Investment in fixed assets (approximation) | - | €-807k | €-123k | €16k | €1.11M | ▲ 6,855% |
| Change in cash | - | €-151k | €30k | €154k | €-198k | ▼ 229% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €351k ▲284%
Operating result €516k, net result €351k, both a record.
31-12
Financial
Equity above €500kEq €574k ▲24.4%
7 profitable years in a row build equity to €574k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €58k ▼25.4%
Net result drops to €58k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Kapellen · 1 establishment unit since 2008
Ground area
3.4 ha
Building footprint
7,533 m²
Volume, LiDAR
54,209 m³
Parcel 11023C0137/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
P.S.C. ELECTRO
since 20082.175.044.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0137/00D000 | Flanders | 3.4 ha | 1 · 7,533 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 6 entries · 10,169 EUR awarded · 10,169 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,000 EUR | 4,000 EUR |
| 2024 | 2 | 3,412 EUR | 3,412 EUR |
| 2023 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 2 | 1,757 EUR | 1,757 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 4 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
Show 4 ended approvals
Installateur gebouwenautomatisering duaal (so)
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Residentieel elektrotechnisch installateur (so)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
56210Event catering
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
77110Renting and leasing of cars and light motor vehicles
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.