RedElec
ActiveThe computed 12-month bankruptcy probability of RedElec is 3.8% (moderate). The 2022 annual accounts show negative equity (€-28k) and a net result of €-30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 30873 sector peers (fiscal year 2022). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2022
7
/ 100
Critical▼ -36 vs 2021
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2021
Profitability100=
Solvency35▲+28
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.74 in 2021), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
-29.8%
Return on assets
-32.2%
Age of the figures
44 mo
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline12-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 05-09-2024, 402 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
402 d late
2021
31 d late
2020
87 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-28k
2021 · €1k
2018: €-16k
2019: €-16k
2020: €95
2021: €1k
2018 → 2022
Total assets
€93k▲ 58.5%
2021 · €59k
2018: €25k
2019: €20k
2020: €29k
2021: €59k
2018 → 2022
Net result
€-30k
2021 · €1k
2018: €-3k
2019: €-7k
2020: €16k
2021: €1k
2018 → 2022
Working capital
€-47k▼ 320%
2021 · €-11k
2018: €-17k
2019: €-14k
2020: €-3k
2021: €-11k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-16k-€-16k▼ 4.9%€95€1k▲ 1,396%€-28k
Operating result€665-€-6k€20k€3k▼ 84.1%€-26k
Net result€-3k-€-7k▼ 149%€16k€1k▼ 91.9%€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €26k after €3k in 2021, the lowest year so far.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €93k
Fixed assets
€28k▲ 6.4%
Current assets
€65k▲ 101%
Key figures and ratios
EBITDA
€-19k▼
2021 · €7k
Cash flow
€-23k▼
2021 · €5k
Solvency
-29.8%▼
2021 · 2.4%
Current ratio
0.58▼
2021 · 0.74
Quick ratio
0.50▲
2021 · 0.50
Debt / equity
-4.35▼
2021 · 40.35
ROE
107.8%▲
2021 · 93.3%
ROA
-32.2%▼
2021 · 2.3%
Interest coverage
-5.55▼
2021 · 3.99
Debt
€121k▲
2021 · €57k
Debt ≤ 1 year
€112k▲
2021 · €43k
Debt > 1 year
€9k▼
2021 · €14k
Income taxes
€119
Staff costs
€11k▲
2021 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€59k€93k▲
Fixed assets21/28€26k€28k▲
Tangible fixed assets22/27€26k€28k▲
Plant, machinery and equipment23€3k€8k▲
Furniture and vehicles24€597€1k▲
Leasing and similar rights25€22k€19k▼
Other tangible fixed assets26€316€263▼
Financial fixed assets28€87€180▲
Current assets29/58€32k€65k▲
Stocks and contracts in progress3€11k€9k▼
Stocks30/36€4k€2k▼
Contracts in progress37€6k€6k=
Amounts receivable within one year40/41€17k€47k▲
Trade receivables40€13k€43k▲
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€583€1k▲
Equity and liabilities
Total equity and liabilities10/49€59k€93k▲
Equity10/15€1k€-28k▼
Contributions10/11€13k€13k▲
Profit (loss) carried forward14€-11k€-41k▼
Amounts payable17/49€57k€121k▲
Amounts payable after more than one year17€14k€9k▼
Financial debts170/4€14k€9k▼
Amounts payable within one year42/48€43k€112k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€21k€91k▲
Suppliers440/4€21k€91k▲
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€326€5k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€15k€8k▼
Income statement
Code20212022
Remuneration, social security and pensions62€7k€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€15k€-7k▼
Operating profit (loss)9901€3k€-26k▼
Financial income75/76B€6€50▲
Recurring financial income75€6€50▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€1k€-30k▼
Income taxes67/77-€119
Profit (loss) for the period9904€1k€-30k▼
Profit (loss) for the period to be appropriated9905€1k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-41k▼
Profit (loss) brought forward from the previous period14P€-13k€-11k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 402 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼2358%
Net result drops to €-30k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Rochefort · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Falen,Havrenne 85580 RochefortGround area
814 m²
Building footprint
127 m²
Parcel 91024D0202/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RedElec
since 20162.260.218.774
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91024D0202/00R000 | Wallonia | 814 m² | 1 · 127 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AV Solutions
BE 1002.672.667
Halle · Eq €1k
TST Group
BE 0764.564.490
Halle · Eq €2k
DRAGU-INSTAL
BE 0799.980.972
Sint-Pieters-Leeuw · Eq €2k
smart systemes
BE 0768.600.581
Tienen · Eq €1k
N.S. Système
BE 0802.916.906
Anthisnes · Eq €2k
Of 1,120 companies in sector 43212 we hold annual accounts for 418. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL
43212Electrical installation work in industrial facilities
02200Logging
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.