PM Electro
ActiveSummary
The computed 12-month bankruptcy probability of PM Electro is 2.6% (moderate). The 2024 annual accounts show equity of €104k and a net result of €36k. Its solvency ranks better than 86% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+16
Growth52
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.31 against 2.26 in 2023; short-term debt: 16% and cash: 32.3% of total assets), and 19.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 02-07-2025, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€104k▲ 39.1%
2023 · €75k
2023: €75k
2024: €104k▲ +39.1% vs 2023
2023 → 2024
Total assets
€129k▲ 0.6%
2023 · €128k
2023: €128k
2024: €129k▲ +0.6% vs 2023
2023 → 2024
Net result
€36k▼ 56.8%
2023 · €84k
2023: €84k
2024: €36k▼ -56.8% vs 2023
2023 → 2024
Working capital
€89k▲ 50.7%
2023 · €59k
2023: €59k
2024: €89k▲ +50.7% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€75k-€104k▲ 39.1%
2023: €75k
2024: €104k▲ +39.1% vs 2023
Operating result€106k-€47k▼ 55.8%
2023: €106k
2024: €47k▼ -55.8% vs 2023
Net result€84k-€36k▼ 56.8%
2023: €84k
2024: €36k▼ -56.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €129k
Fixed assets
€19k ▼ 13.7%
Current assets
€110k ▲ 3.7%
Equity and liabilities €129k
Equity
€104k ▲ 39.1%
Debt
€25k ▼ 53.7%
Debt's share of the balance-sheet total falls from 41.5% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▼
2023 · €112k
Cash flow
€45k▼
2023 · €90k
Current ratio
5.31▲
2023 · 2.26
Quick ratio
4.39▲
2023 · 2.08
Debt to equity
0.24▼
2023 · 0.71
ROE
34.9%▼
2023 · 112.4%
ROA
28.3%▼
2023 · 65.8%
Interest coverage
27.03▼
2023 · 81.70
Debt ≤ 1 year
€21k▼
2023 · €47k
Debt > 1 year
€3k▼
2023 · €6k
Income taxes
€10k▼
2023 · €22k
Staff costs
€75k▲
2023 · €50k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€129k▲
Fixed assets21/28€22k€19k▼
Tangible fixed assets22/27€22k€19k▼
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€17k€12k▼
Financial fixed assets28€226€226=
Current assets29/58€106k€110k▲
Stocks and contracts in progress3€9k€19k▲
Stocks30/36€9k€19k▲
Amounts receivable within one year40/41€53k€46k▼
Trade receivables40€47k€38k▼
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€41k€42k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€128k€129k▲
Equity10/15€75k€104k▲
Contributions10/11€5k€5k=
Reserves13€70k€99k▲
Distributable reserves133€70k€99k▲
Amounts payable17/49€53k€25k▼
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€47k€21k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43-€11k
Credit institutions430/8-€11k
Trade debts44€23k€2k▼
Suppliers440/4€23k€2k▼
Taxes, remuneration and social security45€3k€3k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€17k€1k▼
Accrued charges and deferred income492/3€375€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€50k€75k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€165k€131k▼
Operating profit (loss)9901€106k€47k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€106k€47k▼
Income taxes67/77€22k€10k▼
Profit (loss) for the period9904€84k€36k▼
Profit (loss) for the period to be appropriated9905€84k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€36k▼
Transfer to equity691/2€70k€29k▼
To other reserves6921€70k€29k▼
Profit to be distributed694/7€14k€7k▼
Return on contributions (dividend)694€14k€7k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €50k | €75k | ▲ 49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | ▲ 32.4% |
| Other operating charges640/8 | €1k | €1k | ▲ 26.8% |
| Non-recurring operating charges66A | €2k | - | - |
| Gross operating margin9900 | €165k | €131k | ▼ 20.4% |
| Operating profit (loss)9901 | €106k | €47k | ▼ 55.8% |
| Financial income75/76B | €2k | €2k | ▲ 7.2% |
| Recurring financial income75 | €2k | €2k | ▲ 7.2% |
| Financial charges65/66B | €1k | €2k | ▲ 48.2% |
| Recurring financial charges65 | €1k | €2k | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | €106k | €47k | ▼ 56.0% |
| Income taxes67/77 | €22k | €10k | ▼ 52.9% |
| Profit (loss) for the period9904 | €84k | €36k | ▼ 56.8% |
| Profit (loss) for the period to be appropriated9905 | €84k | €36k | ▼ 56.8% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €128k | €129k | ▲ 0.6% |
| Fixed assets21/28 | €22k | €19k | ▼ 13.7% |
| Tangible fixed assets22/27 | €22k | €19k | ▼ 13.9% |
| Plant, machinery and equipment23 | €5k | €7k | ▲ 38.4% |
| Furniture and vehicles24 | €17k | €12k | ▼ 29.8% |
| Financial fixed assets28 | €226 | €226 | = |
| Current assets29/58 | €106k | €110k | ▲ 3.7% |
| Stocks and contracts in progress3 | €9k | €19k | ▲ 116% |
| Stocks30/36 | €9k | €19k | ▲ 116% |
| Amounts receivable within one year40/41 | €53k | €46k | ▼ 13.5% |
| Trade receivables40 | €47k | €38k | ▼ 17.4% |
| Other amounts receivable41 | €7k | €8k | ▲ 13.0% |
| Cash at bank and in hand54/58 | €41k | €42k | ▲ 0.8% |
| Deferred charges and accrued income490/1 | €2k | €3k | ▲ 24.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €128k | €129k | ▲ 0.6% |
| Equity10/15 | €75k | €104k | ▲ 39.1% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €70k | €99k | ▲ 41.8% |
| Distributable reserves133 | €70k | €99k | ▲ 41.8% |
| Amounts payable17/49 | €53k | €25k | ▼ 53.7% |
| Amounts payable after more than one year17 | €6k | €3k | ▼ 54.1% |
| Financial debts170/4 | €6k | €3k | ▼ 54.1% |
| Amounts payable within one year42/48 | €47k | €21k | ▼ 55.8% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | ▲ 2.1% |
| Financial debts43 | - | €11k | - |
| Credit institutions430/8 | - | €11k | - |
| Trade debts44 | €23k | €2k | ▼ 91.3% |
| Suppliers440/4 | €23k | €2k | ▼ 91.3% |
| Taxes, remuneration and social security45 | €3k | €3k | ▼ 8.4% |
| Remuneration and social security454/9 | €3k | €3k | ▼ 8.4% |
| Other amounts payable47/48 | €17k | €1k | ▼ 91.7% |
| Accrued charges and deferred income492/3 | €375 | €1k | ▲ 220% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €36k | ▼ 56.8% |
| + Depreciation and write-downs630 | €6k | €8k | ▲ 32.4% |
| Operating cash flow (approximation) | €90k | €45k | ▼ 50.7% |
| Investment in fixed assets (approximation) | - | €-5k | - |
| Change in cash | - | €325 | - |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.31
Current ratio from 2.26 to 5.31; short-term debt falls from €47k to €21k.
31-12
Financial
Equity above €100kEq €104k ▲39.1%
2 profitable years in a row build equity to €104k.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2022
Ground area
200 m²
Building footprint
77 m²
Volume, LiDAR
355 m³
Parcel 11462A0399/00X008, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PM Electro
since 20222.337.992.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0399/00X008 | Flanders | 200 m² | 1 · 77 m² | 8.2 m · 1 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
2023 · 1 entry · 798 EUR awarded · 798 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 798 EUR | 798 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,789 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
Founded25-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.