SAELS ELECTRO
ActiveSummary
SAELS ELECTRO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €111,070. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 95% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 0.3 FTE
- Equity
- €1.8m
- Profit
- €111,070
- Holdings
- 2
- SAELS PaulDirector
- SAELS SteveDirector
Why 97raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 15.53, cash €1.2mEquity €1.8m (93.0% of total assets)Figures for financial year 2025 (filed 25-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 98% on liquidity, 50% on profitability and 50% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €111,070 ▼38.1%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419805.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 40% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €4,771 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,120 | €22,897 | €24,140 | €24,028 | €23,232 | €23,232 | €3,137 | €1,894 | ▼ 39.6% |
| Other operating charges640/8 | - | - | - | €1,094 | €1,173 | €429 | €711 | €443 | ▼ 37.6% |
| Gross operating margin9900 | €251,784 | €428,016 | €279,362 | €249,928 | €244,714 | €241,337 | €237,317 | €146,531 | ▼ 38.3% |
| Operating profit (loss)9901 | €203,915 | €382,826 | €254,122 | €224,806 | €220,308 | €217,676 | €233,469 | €139,423 | ▼ 40.3% |
| Financial income75/76B | - | - | - | - | €227 | €3,999 | €8,143 | €6,693 | ▼ 17.8% |
| Recurring financial income75 | - | - | - | - | €227 | €3,999 | €8,143 | €6,693 | ▼ 17.8% |
| Financial charges65/66B | - | - | - | €836 | €1,998 | €355 | €901 | €881 | ▼ 2.3% |
| Recurring financial charges65 | - | - | - | €836 | €1,998 | €355 | €901 | €881 | ▼ 2.3% |
| Non-recurring financial charges66B | - | - | - | €836 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €202,191 | €382,145 | €253,820 | €223,970 | €218,536 | €221,319 | €240,711 | €145,235 | ▼ 39.7% |
| Income taxes67/77 | €54,681 | €111,463 | €62,662 | €55,710 | €55,460 | €56,425 | €61,393 | €34,165 | ▼ 44.4% |
| Profit (loss) for the period9904 | €147,510 | €270,682 | €191,158 | €168,260 | €163,076 | €164,894 | €179,317 | €111,070 | ▼ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €147,510 | €270,682 | €191,158 | €168,260 | €163,076 | €164,894 | €179,317 | €111,070 | ▼ 38.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.1m | €1.3m | €1.4m | €1.5m | €1.7m | €1.9m | €2.0m | ▲ 4.4% |
| Fixed assets21/28 | €0.02m | €0.09m | €0.07m | €0.06m | €0.04m | €0.01m | €0.02m | €0.01m | ▼ 12.0% |
| Tangible fixed assets22/27 | €0.02m | €0.09m | €0.07m | €0.06m | €0.04m | €0.01m | €0.01m | €0.009m | ▼ 17.6% |
| Land and buildings22 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 13.7% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.001m | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 50.0% |
| Financial fixed assets28 | - | - | - | - | - | - | €0.005m | €0.005m | = |
| Current assets29/58 | €0.9m | €1.0m | €1.2m | €1.3m | €1.5m | €1.7m | €1.9m | €2.0m | ▲ 4.5% |
| Stocks and contracts in progress3 | €0.05m | €0.02m | €0.01m | €0.03m | €0.005m | €0.03m | €0.03m | €0.1m | ▲ 379% |
| Stocks30/36 | - | - | - | - | - | - | - | €0.007m | - |
| Contracts in progress37 | - | - | - | €0.03m | €0.005m | €0.03m | €0.03m | €0.1m | ▲ 353% |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.06m | €0.04m | €0.3m | €0.5m | €0.4m | €0.6m | ▲ 63.2% |
| Trade receivables40 | - | - | - | €0.04m | €0.08m | €0.2m | €0.09m | €0.04m | ▼ 54.2% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.3m | €0.3m | €0.3m | €0.6m | ▲ 97.5% |
| Cash at bank and in hand54/58 | €0.7m | €0.9m | €1.2m | €1.2m | €1.1m | €1.2m | €1.5m | €1.2m | ▼ 18.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.003m | €0.005m | €0.008m | €0.005m | ▼ 29.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.1m | €1.3m | €1.4m | €1.5m | €1.7m | €1.9m | €2.0m | ▲ 4.4% |
| Equity10/15 | €0.6m | €0.9m | €1.1m | €1.2m | €1.4m | €1.5m | €1.7m | €1.8m | ▲ 6.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 50.0% |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.6m | €0.8m | €1.0m | €1.2m | €1.4m | €1.5m | €1.7m | €1.8m | ▲ 6.5% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.3m | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 19.5% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.3m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 26.2% |
| Trade debts44 | €0.1m | €0.05m | €0.08m | €0.03m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 25.5% |
| Suppliers440/4 | - | - | - | €0.03m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 25.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 23.2% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 25.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €0.003m | €24 | €0.002m | ▲ 96× |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.005m | €0.005m | €0.006m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €270 | €270 | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,510 | €270,682 | €191,158 | €168,260 | €163,076 | €164,894 | €179,317 | €111,070 | ▼ 38.1% |
| + Depreciation and write-downs630 | €9,120 | €22,897 | €24,140 | €24,028 | €23,232 | €23,232 | €3,137 | €1,894 | ▼ 39.6% |
| Operating cash flow (approximation) | €156,630 | €293,579 | €215,298 | €192,288 | €186,308 | €188,126 | €182,454 | €112,963 | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | -€92,877 | -€6,216 | -€9,801 | €0 | €0 | -€5,000 | €0 | - |
| Change in cash | - | €165,156 | €253,412 | €89,395 | -€108,712 | €26,517 | €293,588 | -€268,586 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00419805 |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00369344 |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00356503 |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00330887 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20278796 |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16700042 |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32400115 |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15300338 |
| 31-12-2017 | micro format | 01-06-2018 | 2018-15300439 |
| 31-12-2016 | micro format | 27-06-2017 | 2017-23100170 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €347 awarded · €347 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SAELS Paul |
|
| SAELS Steve |
|
Owners and capital
Capital and shareholders
- 09-11-2023 Converted to unavailable equity · €14,260
- 09-11-2023 Converted to uncalled contributions · €6,200
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- SAELS TECHNICSsubsidiaryEquity €253,945Result €29,826100%
- Equity -€21,995Result -€5,21050%
According to the 2025 annual accounts of SAELS ELECTRO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-11
Gazette deed
Resignations: SAELS Steve (manager) and SAELS Paul (manager)Appointments: SAELS Steve (director) and SAELS Paul (director) · Amendment of the articles · Capital conversion15 facts ▸
- Director resignation, SAELS Steve (manager (not named in the articles))
- Director resignation, SAELS Paul (manager (not named in the articles))
- Director appointment, SAELS Steve (director (not named in the articles))
- Director appointment, SAELS Paul (director (not named in the articles))
- Amendment of the articles (2 times)
- Other provision, “stemming, alle agendapunten besproken en telkens beslist met eenparigheid van stemmen” (deed in Dutch)
- General meeting, 03-11-2023
- Other provision, “Besloten Vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Capital
- +3 further facts in this act
30-11
Gazette deed
Appointment: Paul Saels (director)2 facts ▸
- General meeting, 31-10-2022
- Director appointment, Paul Saels (director (not named in the articles))
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0542.824.965
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71024D0612/00C003 | Flanders | 969 m² | 1 · 115 m² | 12.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SAELS ELECTRO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 3540 Herk-de-Stad,Rummenweg 133” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die bestuurder(s) benoemt bepaalt aantal,duur opdracht en bij meerdere bevoegdheid” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…” (deed in Dutch)