SOCABELEC
ActiveThe file of SOCABELEC contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show equity of €1.33M and a net result of €-448k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 2029 sector peers (fiscal year 2025).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-12
Solvency86▼-14
Growth35=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 6.18 in 2023; short-term debt: 30.3% and cash: 17.3% of total assets), and 38.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 filingsDeviation from the deadline
2025
22 d early
2023
28 d early
2022
26 d early
2021
3 d late
2020
11 d late
2019
14 d late
2018
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€1.53M▼ 23.2%
2023 · €1.99M
2018: €6.88M
2019: €8.42M
2020: €5.36M
2021: €4.83M
2022: €2.86M
2023: €1.99M
2018 → 2025
EBIT margin
-78.5%▼ 72.4pp
2023 · -6.1%
2018: 2.1%
2019: 11.5%
2020: 11.0%
2021: 14.2%
2022: 0.6%
2023: -6.1%
2018 → 2025
Net result
€-448k▼ 247%
2023 · €-129k
2018: €96k
2019: €842k
2020: €878k
2021: €662k
2022: €8k
2023: €-129k
2018 → 2025
Working capital
€795k▼ 68.4%
2023 · €2.52M
2018: €1.07M
2019: €1.84M
2020: €2.46M
2021: €2.95M
2022: €2.76M
2023: €2.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€5.36M-€4.83M▼ 10.0%€2.86M▼ 40.7%€1.99M▼ 30.5%€1.53M▼ 23.2%
Equity€2.51M-€3.01M▲ 19.9%€2.85M▼ 5.4%€2.62M▼ 7.8%€1.33M▼ 49.1%
Operating result€588k-€684k▲ 16.2%€17k▼ 97.5%€-122k€-1.20M▼ 884%
Net result€878k-€662k▼ 24.6%€8k▼ 98.8%€-129k€-448k▼ 247%
Result per fiscal year
Operating resultNet result
The operating result is €-1.20M in 2025, compared with €-122k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.18M
Fixed assets
€724k▲ 125%
Current assets
€1.46M▼ 51.5%
Equity and liabilities €2.18M
Equity
€1.33M▼ 49.1%
Debt
€845k▲ 20.7%
The debt ratio rises from 21.1% to 38.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.05M▼
2023 · €-61k
Cash flow
€-297k▼
2023 · €-68k
Solvency
61.2%▼
2023 · 78.9%
Current ratio
2.20▼
2023 · 6.18
Quick ratio
1.62▼
2023 · 5.00
Debt / equity
0.63▲
2023 · 0.27
ROE
-33.5%▼
2023 · -4.9%
ROA
-20.5%▼
2023 · -3.9%
Interest coverage
-44.98▼
2023 · -4.00
Debt
€845k▲
2023 · €700k
Debt ≤ 1 year
€661k▲
2023 · €486k
Debt > 1 year
€184k▼
2023 · €213k
Income taxes
€1k▲
2023 · €840
Staff costs
€1.02M▲
2023 · €786k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€3.32M€2.18M▼
Fixed assets21/28€321k€724k▲
Intangible fixed assets21€3k€333k▲
Tangible fixed assets22/27€319k€366k▲
Land and buildings22€254k€328k▲
Plant, machinery and equipment23€177€769▲
Furniture and vehicles24€64k€37k▼
Financial fixed assets28€250€26k▲
Current assets29/58€3.00M€1.46M▼
Amounts receivable after more than one year29€350k-
Other amounts receivable291€350k-
Stocks and contracts in progress3€575k€383k▼
Stocks30/36€575k€383k▼
Amounts receivable within one year40/41€895k€192k▼
Trade receivables40€729k€121k▼
Other amounts receivable41€166k€71k▼
Current investments50/53€472k€472k=
Cash at bank and in hand54/58€687k€378k▼
Deferred charges and accrued income490/1€24k€31k▲
Equity and liabilities
Total equity and liabilities10/49€3.32M€2.18M▼
Equity10/15€2.62M€1.33M▼
Contributions10/11€174k€174k=
Capital10€174k€174k=
Issued capital100€174k€174k=
Reserves13€2.24M€1.40M▼
Non-distributable reserves130/1€489k€489k=
Legal reserve130€17k€17k=
Own shares acquired1312€472k€472k=
Tax-exempt reserves132€64k€64k=
Distributable reserves133€1.68M€843k▼
Profit (loss) carried forward14€212k€-236k▼
Amounts payable17/49€700k€845k▲
Amounts payable after more than one year17€213k€184k▼
Financial debts170/4€213k€184k▼
Amounts payable within one year42/48€486k€661k▲
Current portion of amounts payable after more than one year42€54k€49k▼
Financial debts43-€200k
Credit institutions430/8-€200k
Trade debts44€61k€54k▼
Suppliers440/4€61k€54k▼
Advances received on contracts in progress46€138k-
Taxes, remuneration and social security45€139k€204k▲
Taxes450/3€18k€8k▼
Remuneration and social security454/9€121k€195k▲
Other amounts payable47/48€94k€154k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20232025
Turnover70€1.99M€1.53M▼
Goods, raw materials, services and sundry goods60/61€1.26M€1.04M▼
Remuneration, social security and pensions62€786k€1.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€151k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-13k€396k▲
Other operating charges640/8€22k€119k▲
Non-recurring operating charges66A€10€2k▲
Gross operating margin9900€734k€486k▼
Operating profit (loss)9901€-122k€-1.20M▼
Financial income75/76B€9k€778k▲
Recurring financial income75€9k€12k▲
Non-recurring financial income76B-€766k
Financial charges65/66B€15k€23k▲
Recurring financial charges65€15k€23k▲
Profit (loss) for the period before taxes9903€-128k€-446k▼
Income taxes67/77€840€1k▲
Profit (loss) for the period9904€-129k€-448k▼
Profit (loss) for the period to be appropriated9905€-129k€-448k▼
Appropriation of the result
Profit (loss) to be appropriated9906€212k€-236k▼
Profit (loss) brought forward from the previous period14P€341k€212k▼
Transfer from equity791/2€94k€841k▲
Profit to be distributed694/7€94k€841k▲
Return on contributions (dividend)694€94k€841k▲
Social balance
Average headcount (FTE)908715.012.4▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-448k
Net result drops to €-448k, the lowest in the series.
28-05
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · 20250011 · event 20-05-2025
31-03
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collectif · event 25-03-2025
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €878k ▲4.3%
Net result €878k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.51M ▲38.5%
3 profitable years in a row build equity to €2.51M.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Equity above €1MEq €1.81M ▲86.7%
2 profitable years in a row build equity to €1.81M.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Jemeppe-sur-Sambre · 1 establishment unit since 1989
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.
Rue Emile-Vandervelde,Ham 565190 Jemeppe-sur-Sambre1 establishment unit
Rue Emile-Vandervelde,Ham 56, 5190 Jemeppe-sur-Sambre
since 19892.041.591.860
Recognitions · licences · registrations
Legal Entity Identifier
549300B5I8K01UR4M351
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 3,870 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-11-1988
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@socabelec.com
Phone:+3271750210