S&G ELECTRO
Open bankruptcyA bankruptcy procedure is open for S&G ELECTRO according to publications in the Belgian State Gazette; curator: TOON BRAWERS.
Summary
The 2023 annual accounts show negative equity (€-96k) and a net result of €-116k.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
170 d late
2021
30 d late
2020
2 d early
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-96k
2022 · €21k
2019: €10k
2020: €11k
2021: €23k
2022: €21k
2019 → 2023
Total assets
€84k▼ 34.4%
2022 · €128k
2019: €46k
2020: €56k
2021: €146k
2022: €128k
2019 → 2023
Net result
€-116k▼ 4,867%
2022 · €-2k
2019: €4k
2020: €1k
2021: €12k
2022: €-2k
2019 → 2023
Working capital
€-106k
2022 · €6k
2019: €7k
2020: €-1k
2021: €32k
2022: €6k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€10k-€11k▲ 14.1%€23k▲ 106%€21k▼ 10.2%€-96k
Operating result€6k-€3k▼ 54.8%€18k▲ 512%€-2k€-108k▼ 5,057%
Net result€4k-€1k▼ 61.3%€12k▲ 759%€-2k€-116k▼ 4,867%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2023 against €2k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €84k
Fixed assets
€10k ▼ 31.1%
Current assets
€74k ▼ 34.8%
Key figures and ratios
EBITDA
€-103k▼
2022 · €2k
Cash flow
€-112k▼
2022 · €1k
Solvency
-113.6%▼
2022 · 16.1%
Current ratio
0.41▼
2022 · 1.06
Quick ratio
0.40▼
2022 · 1.04
Debt to equity
-1.88▼
2022 · 5.21
ROA
-138.1%▼
2022 · -1.8%
Interest coverage
-11.79▼
2022 · 6.84
Debt
€180k▲
2022 · €108k
Debt ≤ 1 year
€180k▲
2022 · €108k
Staff costs
€372▼
2022 · €1k
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 · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€128k€84k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€12k€8k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€114k€74k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€91k€70k▼
Trade receivables40€79k€64k▼
Other amounts receivable41€12k€6k▼
Cash at bank and in hand54/58€21k€2k▼
Equity and liabilities
Total equity and liabilities10/49€128k€84k▼
Equity10/15€21k€-96k▼
Contributions10/11€6k€6k=
Reserves13€14k€14k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€12k▼
Profit (loss) carried forward14-€-116k
Amounts payable17/49€108k€180k▲
Amounts payable within one year42/48€108k€180k▲
Trade debts44€102k€180k▲
Suppliers440/4€102k€180k▲
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48€41€180▲
Income statement
Code20222023
Remuneration, social security and pensions62€1k€372▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€418€109▼
Gross operating margin9900€4k€-103k▼
Operating profit (loss)9901€-2k€-108k▼
Financial income75/76B-€24
Recurring financial income75-€24
Financial charges65/66B€256€9k▲
Recurring financial charges65€256€9k▲
Profit (loss) for the period before taxes9903€-2k€-116k▼
Profit (loss) for the period9904€-2k€-116k▼
Profit (loss) for the period to be appropriated9905€-2k€-116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-116k▼
Transfer from equity791/2€2k€753▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · S&G ELECTRO BV HELLEGAT- STRAAT 8, 2590 BERLAAR · event 03-03-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 170 days late
2023
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series.
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2019net €12k ▲759%
Operating result €18k, net result €12k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Berlaar · 1 establishment unit since 2019
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.
Hellegatstraat 82590 BerlaarGround area
6,755 m²
Building footprint
2,742 m²
Volume, LiDAR
19,304 m³
Parcel 12002D0355/00E000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S&G ELECTRO
since 20192.286.580.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0355/00E000 | Flanders | 6,755 m² | 1 · 2,741 m² | 8.8 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON BRAWERS ZOMERSTRAAT 16, 2590 BERLAAR- |
03-03-2025 → present |
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,270 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.