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SRAE

Active
Private limited companyfounded 201610 yrs activeWeidestraat 168, 8310 Brugge, BelgiumKBO/BCE: BE 0654.986.362
Summary

SRAE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,574 and a net result of €86,576. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 225 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
SRAEActiveChecked score 99/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35130Electricity, gas, steam and air conditioning supply NACE 35120
1 site
Size
€110,402total assets 2025
Equity
€96,574
Profit
€86,576
Turnover not published (abridged schema)
Financial health
99 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Holdings
2
Accounts filed 28 d late0 of 3 deeds read
Why 99+ Liquidity: current ratio 11.39, cash €66,883+ Equity €96,574 (87.5% of total assets)+ Figures for FY 2025 (filed 28-08-2026)+ Sector Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Better than 94% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+47
equity 87.5% of total assets
Liquidity 100+80
short-term debt 8.4% · cash 60.6%
Profitability 100=
return on assets 78.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (539 companies)
Last 24 months 11-2024: 1.3% 12-2024: 1.8%▲ +37.3% vs 11-2024 01-2025: 2.1%▲ +13.7% vs 12-2024 02-2025: 3.1%▲ +49.1% vs 01-2025 03-2025: 3.2%▲ +3.2% vs 02-2025 04-2025: 3.6%▲ +11.7% vs 03-2025 05-2025: 4.4%▲ +22.8% vs 04-2025 06-2025: 4.4%● 0.0% vs 05-2025 07-2025: 4.6%▲ +5.1% vs 06-2025highest value 08-2025: 4.2%▼ -8.6% vs 07-2025 09-2025: 4.2%● 0.0% vs 08-2025 10-2025: 0.5%▼ -88.2% vs 09-2025 11-2025: 0.5%▼ -4.6% vs 10-2025 12-2025: 0.5%● 0.0% vs 11-2025 01-2026: 0.5%▼ -1.3% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.5%▲ +6.6% vs 02-2026 04-2026: 0.6%▲ +10.6% vs 03-2026 05-2026: 0.5%▼ -1.3% vs 04-2026 06-2026: 0.5%▼ -3.3% vs 05-2026 07-2026: 0.6%▲ +7.4% vs 06-2026 08-2026: 0.9%▲ +65.9% vs 07-2026 09-2026: < 0.1%▼ -95.9% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 11.39, cash €66,883 lowers the probability
  • Equity €96,574 (87.5% of total assets) lowers the probability
  • Figures for FY 2025 (filed 28-08-2026) lowers the probability
  • Sector Electricity, gas, steam and air conditioning supply (NACE 35) lowers the probability
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 11.39 against 1.03 in 2024; short-term debt: 8.4% and cash: 60.6% of total assets), and 12.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, micro). Better than this share of them on solvency 88%, liquidity 96%, profitability 96%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 11.39, cash €66,883
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €96,574 (87.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 28-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Sector Electricity, gas, steam and air conditioning supply (NACE 35)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 9 filings
Deviation from the deadline
2025
28 d late
2024
29 d late
2023
22 d late
2022
5 d early
2021
6 d early
2020
3 d early
2019
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2019net €86,576 ▲535%
  3. Liquidity times 11current ratio 11.39

Key points

  • Positive: Result rose in 2025from €13,642 to €86,576 ▲ 535% View
  • Positive: Among the best 10% on net resultsector median €4,995 · 225 companies €86,576 View
  • Total assets 20256 fiscal years filed €110,402 View

By topic

Financials

Fiscal year
2025
Total assets
€110,402
Profit
€86,576
Solvency
87.5%
Total assets▲ 212%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 31-12-2025Highest result since 2019
  3. 31-12-2025Liquidity times 11
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35130
Founded
25-05-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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