Startelec
ActiveSummary
Startelec has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14k and a net result of €14k. Equity is shrinking by ~25.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 48% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency70▲+47
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 0.96 in 2023; short-term debt: 54.8% and cash: 25% of total assets), but 54.8% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.2%
Return on assets
46.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
68 d late
2022
30 d late
2021
22 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k
2023 · €-297
Total assets
€30k▲ 117%
2023 · €14k
Net result
€14k
2023 · €-2k
Working capital
€14k
2023 · €-522
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-3k▼ 12.1%€-5k▼ 83.4%€-5k▼ 4.9%€-2k▲ 57.0%€15k
Net result€-3k▼ 34.5%€-5k▼ 96.2%€-6k▼ 8.3%€-2k▲ 59.3%€14k
Equity€13k▼ 17.1%€7k▼ 40.5%€2k▼ 73.9%€-297€14k
Total assets€24k▲ 14.2%€14k▼ 42.5%€4k▼ 73.0%€14k▲ 272%€30k▲ 117%
Debt€12k▲ 91.3%€7k▼ 44.7%€2k▼ 72.0%€14k▲ 686%€17k▲ 16.1%
Working capital€12k▼ 24.7%€7k▼ 40.8%€2k▼ 75.2%€-522€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15k after a loss of €2k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30k
Fixed assets
€225 =
Current assets
€30k ▲ 118%
Equity and liabilities €30k
Equity
€14k
Debt
€17k
Debt finances 54.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€15k▲
2023 · €-2k
Cash flow
€14k▲
2023 · €-2k
Current ratio
1.81▲
2023 · 0.96
Quick ratio
1.73▲
2023 · 0.87
Debt to equity
1.21
ROE
102.2%
ROA
46.2%▲
2023 · -16.0%
Interest coverage
160.02▲
2023 · -14.75
Debt ≤ 1 year
€17k▲
2023 · €14k
Income taxes
€481▲
2023 · €0
Staff costs
€224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €224 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131 | €353 | €353 | €222 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €348 | - | €384 | €533 | ▲ 38.7% |
| Gross operating margin9900 | €-2k | €-4k | €-5k | €-2k | €15k | ▲ 1,094% |
| Operating profit (loss)9901 | €-3k | €-5k | €-5k | €-2k | €15k | ▲ 779% |
| Financial income75/76B | - | €232 | €1 | €39 | €13 | ▼ 66.1% |
| Recurring financial income75 | €590 | €232 | €1 | €39 | €13 | ▼ 66.1% |
| Financial charges65/66B | - | €547 | €507 | €131 | €91 | ▼ 30.3% |
| Recurring financial charges65 | €580 | €547 | €507 | €131 | €91 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €-3k | €-5k | €-6k | €-2k | €15k | ▲ 748% |
| Income taxes67/77 | - | - | - | €0 | €481 | ▲ 687,329% |
| Profit (loss) for the period9904 | €-3k | €-5k | €-6k | €-2k | €14k | ▲ 726% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-5k | €-6k | €-2k | €14k | ▲ 726% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €14k | €4k | €14k | €30k | ▲ 117% |
| Fixed assets21/28 | €953 | €600 | €247 | €225 | €225 | = |
| Tangible fixed assets22/27 | €928 | €575 | €222 | - | - | - |
| Furniture and vehicles24 | - | €575 | €222 | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €225 | €225 | = |
| Current assets29/58 | €23k | €13k | €4k | €14k | €30k | ▲ 118% |
| Stocks and contracts in progress3 | €3k | €3k | €1k | €1k | €1k | = |
| Stocks30/36 | - | €3k | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €15k | €8k | €653 | €11k | €21k | ▲ 86.5% |
| Trade receivables40 | - | €3k | €120 | €11k | €21k | ▲ 83.5% |
| Other amounts receivable41 | - | €5k | €533 | €201 | €708 | ▲ 253% |
| Cash at bank and in hand54/58 | €5k | €2k | €1k | €967 | €8k | ▲ 686% |
| Deferred charges and accrued income490/1 | - | €64 | €441 | €171 | €63 | ▼ 63.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €14k | €4k | €14k | €30k | ▲ 117% |
| Equity10/15 | €13k | €7k | €2k | €-297 | €14k | ▲ 4,731% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-2k | €-7k | €-12k | €-15k | €-575 | ▲ 96.1% |
| Amounts payable17/49 | €12k | €7k | €2k | €14k | €17k | ▲ 16.1% |
| Amounts payable within one year42/48 | €12k | €7k | €2k | €14k | €17k | ▲ 16.1% |
| Trade debts44 | €12k | €7k | €2k | €10k | €15k | ▲ 48.5% |
| Suppliers440/4 | - | €7k | €2k | €10k | €15k | ▲ 48.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €512 | - |
| Taxes450/3 | - | - | - | - | €512 | - |
| Other amounts payable47/48 | - | - | - | €5k | €2k | ▼ 65.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-5k | €-6k | €-2k | €14k | ▲ 726% |
| + Depreciation and write-downs630 | €131 | €353 | €353 | €222 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €-2k | €-5k | €-5k | €-2k | €14k | ▲ 795% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-200 | €0 | ▲ 100% |
| Change in cash | - | €-2k | €-1k | €-39 | €7k | ▲ 17,121% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 5 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Rixensart · 1 establishment unit since 2011
Ground area
755 m²
Building footprint
192 m²
Volume, LiDAR
1,788 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STARTELEC
since 20112.197.170.754
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091D0822/00B000 | Wallonia | 479 m² | 1 · 92 m² | 11.5 m · 3 fl. |
| 25091D0820/00A000 | Wallonia | 276 m² | 1 · 100 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 6,353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43212Electrical installation work in industrial facilities
43230Insulation installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.