SG Elektriciteit
ActiveThe computed 12-month bankruptcy probability of SG Elektriciteit is 2.0% (moderate). The 2025 annual accounts show equity of €22k and a net result of €43k. Equity is growing by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 27451 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+11
Solvency36▼-64
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.53 against 2.27 in 2024; short-term debt: 88.9% and cash: 10.3% of total assets), and 88.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.1%
Return on assets
22%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
28 d late
2022
10 d late
2021
on the day
2020
52 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 87.0%
2024 · €167k
2020: €24k
2021: €48k
2022: €87k
2023: €160k
2024: €167k
2020 → 2025
Total assets
€197k▼ 8.6%
2024 · €216k
2020: €85k
2021: €143k
2022: €320k
2023: €248k
2024: €216k
2020 → 2025
Net result
€43k▲ 56.0%
2024 · €28k
2020: €21k
2021: €25k
2022: €39k
2023: €73k
2024: €28k
2020 → 2025
Working capital
€-82k
2024 · €61k
2020: €24k
2021: €-15k
2022: €123k
2023: €78k
2024: €61k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€87k▲ 80.2%€160k▲ 83.5%€167k▲ 4.4%€22k▼ 87.0%
Operating result€28k-€50k▲ 82.6%€91k▲ 81.1%€31k▼ 66.1%€49k▲ 59.0%
Net result€25k-€39k▲ 57.7%€73k▲ 87.6%€28k▼ 61.8%€43k▲ 56.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€104k▼ 2.0%
Current assets
€94k▼ 14.9%
Equity and liabilities €197k
Equity
€22k▼ 87.0%
Debt
€175k▲ 262%
The debt ratio rises from 22.5% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €64k
Cash flow
€88k▲
2024 · €61k
Solvency
11.1%▼
2024 · 77.5%
Current ratio
0.53▼
2024 · 2.27
Quick ratio
0.53▼
2024 · 2.27
Debt / equity
8.04▲
2024 · 0.29
ROE
199.2%▲
2024 · 16.7%
ROA
22.0%▲
2024 · 12.9%
Interest coverage
735.23▼
2024 · 1137.48
Debt
€175k▲
2024 · €49k
Debt ≤ 1 year
€175k▲
2024 · €49k
Income taxes
€7k▼
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€216k€197k▼
Fixed assets21/28€106k€104k▼
Tangible fixed assets22/27€106k€104k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€33k€24k▼
Furniture and vehicles24€69k€77k▲
Current assets29/58€110k€94k▼
Amounts receivable within one year40/41€43k€72k▲
Trade receivables40€16k€59k▲
Other amounts receivable41€27k€13k▼
Cash at bank and in hand54/58€64k€20k▼
Deferred charges and accrued income490/1€4k€994▼
Equity and liabilities
Total equity and liabilities10/49€216k€197k▼
Equity10/15€167k€22k▼
Contributions10/11€3k€3k=
Reserves13€164k€19k▼
Distributable reserves133€164k€19k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€49k€175k▲
Amounts payable within one year42/48€49k€175k▲
Trade debts44€9k€689▼
Suppliers440/4€9k€689▼
Taxes, remuneration and social security45-€23k
Taxes450/3-€23k
Other amounts payable47/48€40k€151k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€44k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€65k€95k▲
Operating profit (loss)9901€31k€49k▲
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Financial charges65/66B€56€127▲
Recurring financial charges65€56€127▲
Profit (loss) for the period before taxes9903€36k€50k▲
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€28k€43k▲
Profit (loss) for the period to be appropriated9905€28k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€43k▲
Transfer from equity791/2€21k€164k▲
Transfer to equity691/2€28k€19k▼
To other reserves6921€28k€19k▼
Profit to be distributed694/7€21k€189k▲
Return on contributions (dividend)694€21k€189k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2020net €73k ▲87.6%
Operating result €91k, net result €73k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲83.5%
4 profitable years in a row build equity to €160k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.85
Current ratio from 0.84 to 1.85.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 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, Evergem · 1 establishment unit since 2020
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.
Schildekenstraat 689940 EvergemGround area
793 m²
Building footprint
241 m²
Volume, LiDAR
739 m³
Parcel 43006I0322/00A000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SG Elektriciteit
since 20202.307.782.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006I0322/00A000 | Flanders | 793 m² | 1 · 241 m² | 6.1 m · 1 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.
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 7,365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.