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SOCABELEC

Active
Public limited companyfounded 1988active for 37 yearsRue Emile-Vandervelde,Ham 56, 5190 Jemeppe-sur-Sambre, BelgiumKBO/BCE: BE 0435.985.801

The file of SOCABELEC contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 2.2% (moderate). The 2025 annual accounts show equity of €1.3m and a net result of -€447,704. Equity has been growing by about 6.5% per year since 2018. Its solvency ranks better than 73% of 2,445 sector peers (NACE 43, financial year 2025).

Overview

Official details

Source: KBO
Status
Active since 30-11-1988 Normal situation
Activity
General electrical installation work NACE 43211
Establishment unit
2.041.591.860 5190 Jemeppe-sur-Sambre, since 11-01-1989
Financial year end
30 June
Peppol
Reachable

Board and ownership

Shareholders
  • Kenyaannual accounts 2016
  • Socabelec south africaannual accounts 2016

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Annual accounts to 30-06-2025
Turnover
€1.5m
Loss
€447,704
Equity
€1.3m
Total assets
€2.2m
Employees on 30-06-2025
12
Score breakdownraises riskLoss of €447,704, the second in a row (financial year 2025)Judicial reorganisation on record (2 publications, latest 28-05-2025)lowers riskLiquidity: current ratio 2.20, cash €377,641Founded in 1988Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 52% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Average
Solvency 86-14
equity 61.2% of total assets
Liquidity 59-14
short-term debt 30.3% · cash 17.3%
Profitability 0-12
return on assets -20.5%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,651 companies, NACE 43, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 06-2026: 2.1% 07-2026: 2.1%● unchanged vs 06-2026 08-2026: 2.1%● unchanged vs 07-2026 09-2026: 2.1%● unchanged vs 08-2026 10-2026: 2.2%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 2.2%● unchanged vs 10-2026highest value
Credit of up to €70,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Liquidity is ample, with a current ratio of 2.2 (6.18 in 2023), above the usual 1.5. Short-term debt is 30.3% and cash 17.3% of total assets. 38.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, small). It does better than 80% of them on solvency, 74% on liquidity and 2% on profitability.

The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €447,704, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Judicial reorganisation on record (2 publications, latest 28-05-2025)
Belgian Official Gazette
lowers risk · Liquidity: current ratio 2.20, cash €377,641
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2023
28 days early
2022
26 days early
2021
3 days late
2020
11 days late
2019
14 days late
2018
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 43), the median for financial year 2023 was 1 day before the deadline, and 44% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in specialised constructionsector median €42,866 · 2,446 companies -€447,704 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€447,704 View

Recent changes

  1. · Judicial reorganisation Plan approval refusedEnterprise Court of Liège · judgment of 20-05-2025
  2. · Judicial reorganisation Judicial reorganisation openedEnterprise Court of Liège · collective agreement · judgment of 25-03-2025
  3. · Gazette deed Amendment of the articles
All 18 events

Comparable companies

These companies have the same main activity as SOCABELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.8m and €2.3m, founded between 1979 and 1994.

CompanyTotal assetsGross margin
SOCABELEC Jemeppe-sur-Sambre€2.2m€0.5m
ELECTRICITE GENERALE J.J.B. Vielsalm€1.8m€0.4m
V.G. ELEC Diepenbeek€2.0m€0.6m
CHRISTIAN MARTIN Bastogne€2.2m€0.8m
ELECTRO - BERTELS Balen€1.9m€0.8m
DC SECURITY Aarschot€2.1m€0.8m
DROESHAUT Hamont-Achel€2.3m€0.8m
Full comparison

Key facts about SOCABELEC

What is the company number of SOCABELEC?
The company number of SOCABELEC is 0435.985.801. The VAT number is the same number with BE in front: BE 0435.985.801.
Where is SOCABELEC based?
The registered office is at Rue Emile-Vandervelde,Ham 56, 5190 Jemeppe-sur-Sambre.Company details
What does SOCABELEC do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of SOCABELEC?
The legal form of SOCABELEC is Public limited company (NV).
When was SOCABELEC founded?
SOCABELEC was founded on 30-11-1988.
Is SOCABELEC still active?
Yes, SOCABELEC is an active enterprise in the KBO register.
How many employees does SOCABELEC have?
SOCABELEC had an average of 12.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SOCABELEC?
The turnover of SOCABELEC was €1.5m in financial year 2025, according to the filed annual accounts.
Is SOCABELEC profitable?
In financial year 2025, SOCABELEC made a loss of €447,704.
Where can I find the annual accounts of SOCABELEC?
SOCABELEC filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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