RG ELEC
Bankruptcy closedInactive since 27-05-2026; last annual accounts for fiscal year 2022.
Summary
RG ELEC was declared bankrupt on 03-02-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 26-05-2026, published in the Belgian State Gazette on 29-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-09-2023, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
56 d late
2021
31 d late
2020
29 d late
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 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)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€19,291▲ 236%
2021 · €5,742
Total assets
€37,878▲ 60.9%
2021 · €23,543
Net result
€13,548▲ 208%
2021 · €4,392
Working capital
€19,291▲ 9,466%
2021 · €202
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€1,276--€6,451▼ 406%€5,439€17,196▲ 216%
Net result€31--€4,880below the sector's middle half€4,392within the sector's middle half€13,548within the sector's middle half▲ 208%
Equity€6,231-€1,351below the sector's middle half▼ 78.3%€5,742below the sector's middle half▲ 325%€19,291below the sector's middle half▲ 236%
Total assets€39,414-€28,968below the sector's middle half▼ 26.5%€23,543below the sector's middle half▼ 18.7%€37,878below the sector's middle half▲ 60.9%
Debt€33,184-€27,617▼ 16.8%€17,801▼ 35.5%€18,587▲ 4.4%
Working capital-€14,175--€11,622below the sector's middle half▲ 18.0%€202below the sector's middle half€19,291within the sector's middle half▲ 9,466%
Solvency15.8%-4.7%below the sector's middle half▼ 11.1pp24.4%within the sector's middle half▲ 19.7pp50.9%within the sector's middle half▲ 26.5pp
Current ratio0.57-0.58below the sector's middle half▲ 0.011.01below the sector's middle half▲ 0.432.04within the sector's middle half▲ 1.03
Return on assets (ROA)0.1%--16.8%below the sector's middle half▼ 16.9pp18.7%above the sector's middle half▲ 35.5pp35.8%above the sector's middle half▲ 17.1pp
Staff (FTE)1-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 216% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €37,878
Equity
€19,291 ▲ 236%
Debt
€18,587 ▲ 4.4%
Debt's share of the balance-sheet total falls from 75.6% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,737▲
2021 · €12,871
Cash flow
€19,089▲
2021 · €11,824
Debt to equity
0.96▼
2021 · 3.10
ROE
70.2%▼
2021 · 76.5%
Interest coverage
168.67▲
2021 · 19.57
Debt ≤ 1 year
€18,587▲
2021 · €17,801
Income taxes
€3,636▲
2021 · €413
Staff costs
€11,050▲
2021 · €10,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €10,038 | €11,050 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,894 | €7,432 | €7,432 | €5,541 | ▼ 25.4% |
| Other operating charges640/8 | - | - | €1,318 | €2,071 | ▲ 57.1% |
| Gross operating margin9900 | €43,391 | €15,464 | €24,227 | €35,858 | ▲ 48.0% |
| Operating profit (loss)9901 | -€1,276 | -€6,451 | €5,439 | €17,196 | ▲ 216% |
| Financial income75/76B | - | - | €24 | €122 | ▲ 416% |
| Recurring financial income75 | €2,943 | €1,898 | €24 | €122 | ▲ 416% |
| Financial charges65/66B | - | - | €658 | €135 | ▼ 79.5% |
| Recurring financial charges65 | €399 | €200 | €658 | €135 | ▼ 79.5% |
| Profit (loss) for the period before taxes9903 | €1,269 | -€4,752 | €4,805 | €17,184 | ▲ 258% |
| Income taxes67/77 | €1,238 | €128 | €413 | €3,636 | ▲ 781% |
| Profit (loss) for the period9904 | €31 | -€4,880 | €4,392 | €13,548 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €31 | -€4,880 | €4,392 | €13,548 | ▲ 208% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,414 | €28,968 | €23,543 | €37,878 | ▲ 60.9% |
| Fixed assets21/28 | €20,406 | €12,973 | €5,541 | - | - |
| Tangible fixed assets22/27 | €20,406 | €12,973 | €5,541 | - | - |
| Plant, machinery and equipment23 | - | - | €189 | - | - |
| Furniture and vehicles24 | - | - | €5,352 | - | - |
| Current assets29/58 | €19,009 | €15,995 | €18,002 | €37,878 | ▲ 110% |
| Amounts receivable within one year40/41 | €18,831 | €13,912 | €17,042 | €21,815 | ▲ 28.0% |
| Trade receivables40 | - | - | €13,612 | €14,828 | ▲ 8.9% |
| Other amounts receivable41 | - | - | €3,430 | €6,987 | ▲ 104% |
| Cash at bank and in hand54/58 | €178 | €1,753 | €960 | €16,063 | ▲ 1,573% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,414 | €28,968 | €23,543 | €37,878 | ▲ 60.9% |
| Equity10/15 | €6,231 | €1,351 | €5,742 | €19,291 | ▲ 236% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €31 | -€4,849 | -€458 | €13,091 | ▲ 2,961% |
| Amounts payable17/49 | €33,184 | €27,617 | €17,801 | €18,587 | ▲ 4.4% |
| Amounts payable within one year42/48 | €33,184 | €27,617 | €17,801 | €18,587 | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | €2,101 | - | - |
| Financial debts43 | - | - | €1,917 | - | - |
| Credit institutions430/8 | - | - | €1,917 | - | - |
| Trade debts44 | €6,146 | €8,750 | €4,955 | €5,547 | ▲ 12.0% |
| Suppliers440/4 | - | - | €4,955 | €5,547 | ▲ 12.0% |
| Taxes, remuneration and social security45 | - | - | €7,586 | €12,488 | ▲ 64.6% |
| Taxes450/3 | - | - | €5,584 | €10,555 | ▲ 89.0% |
| Remuneration and social security454/9 | - | - | €2,002 | €1,933 | ▼ 3.4% |
| Other amounts payable47/48 | - | - | €1,242 | €552 | ▼ 55.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31 | -€4,880 | €4,392 | €13,548 | ▲ 208% |
| + Depreciation and write-downs630 | €1,894 | €7,432 | €7,432 | €5,541 | ▼ 25.4% |
| Operating cash flow (approximation) | €1,924 | €2,553 | €11,824 | €19,089 | ▲ 61.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | €1,575 | -€793 | €15,103 | ▲ 2,005% |
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
2026
29-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 26-05-2026
2025
14-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 03-02-2025
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Highest result since 2019net €13,548 ▲208%
Operating result €17,196, net result €13,548, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 1.01 to 2.04.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €4,392
Net result €4,392 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet -€4,880
Net result drops to -€4,880, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ans
Ground area
243 m²
Building footprint
52 m²
Volume, LiDAR
375 m³
Parcel 62003A0884/00V007, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62003A0884/00V007 | Wallonia | 243 m² | 1 · 52 m² | 9.1 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LIGOT PLACE DU HAUT PRE, 10,
4000 LIEGE 1 |
03-02-2025 → 26-05-2026 |
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,333. 7,146 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 (pre-2019)
Founded04-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.