Liquidity
1.81 was 0.96 in 2023
Short-term debts rose from €14,363 to €16,679.
Startelec
Lifetime
14 annual accounts with figures on one time axispeak €15,389 (2024)
€15,389▲ €16,937
lowest -€6,061 (2016)
€14,072▲ €16,320
peak €17,089 (2018)
€13,775▲ €14,072
€16,679▲ 16.1%
Board1 name since 2011
1 directorZulfi BAKALLI
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from -€1,549 to €15,389Back to profit: €14,072Equity from -€297 to €13,775Debts from €14,363 to €16,679Cash from €967 to €7,602
Key points
from the 2024 annual accountsFilings
14 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€13,775
Less equity than 80% of companies in specialised construction. Sector median €58,287 · 35,973 companies.
Checked score
54
Fair
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%
01-2025: 3.7%● unchanged vs 12-2024
02-2025: 3.7%● unchanged vs 01-2025
03-2025: 3.7%● unchanged vs 02-2025
04-2025: 4.0%▲ +0.3 percentage points vs 03-2025
05-2025: 4.1%▲ +0.1 percentage points vs 04-2025
06-2025: 4.1%● unchanged vs 05-2025
07-2025: 4.4%▲ +0.3 percentage points vs 06-2025
08-2025: 8.9%▲ +4.5 percentage points vs 07-2025highest value
09-2025: 0.6%▼ -8.3 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026lowest value
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.4%▲ +0.3 percentage points vs 08-2026
10-2026: 2.5%▲ +1.1 percentage points vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 28-08-2025)
lowers risk
Founded in 2011
Liquidity: current ratio 1.81, cash €7,602
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, micro). It does better than 49% of them on solvency, 49% on liquidity, 92% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as Startelec has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of Startelec itself is higher: 2.5% within 12 months. It rests on far more data about Startelec than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Startelec. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.81 (0.96 in 2023), above the usual 1.5. Short-term debt is 54.8% and cash 25% of total assets. However, 54.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
68 days late
2022
30 days late
2021
22 days early
2020
30 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered office moved from Lasne to Rixensart
New registered office: rue Quai du Tram 13 à 1330 Rixensart · Previous registered office: chemin du Gros Tienne 65 à 1380 Lasne · Board meeting of 30-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834626107
Registered office moved from Rixensart to Lasne
New registered office: Chemin du Gros Tienne 65 à 1380 Lasne · Previous registered office: Avenue Joséphine Charlotte 34- 1330 Rixensart - Belgique · General meeting of 01-03-2023 · Gazette deed
Registered office moved within Rixensart
New registered office: Avenue Joséphine Charlotte 34 à 1330 Rixensart · Previous registered office: Clos Sainte Anne 19, 1332 Rixensart · General meeting of 07-01-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Startelec Rixensart | €30,454 | €15,389 | 45.2% | - |
| SILISOLAR Courcelles | €27,863 | €14,392 | 96.0% | - |
| BVM Global Building Solutions Kortenaken | €32,097 | €17,788 | 10.2% | - |
| VCTO Scherpenheuvel-Zichem | €30,602 | €16,782 | -80.1% | - |
| SPEED IMMO SERVICE Aywaille | €30,737 | €13,050 | 98.2% | - |
| PHIL ELECTRIC Ghent | €25,071 | €14,280 | 84.7% | - |
| E.P.H. Wavre | €37,157 | €16,002 | 80.0% | - |
These companies have the same main activity as Startelec: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €25,100 and €37,200, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 18-03-2011Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.197.170.7541330 Rixensart, since 23-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 05-06-2024
Annual accounts 2024
- ≈ €130,000estimated
- €30,454▲ 117%
- ≈ 0 FTEestimated
- Filing
- Filed on 28-08-2025
Insights on Startelec
Startelec files the micro format. That format states no turnover. The gross margin rose from €9,910 in 2011 to €15,389 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Startelec
- What is the company number of Startelec?
- The company number of Startelec is 0834.626.107. The VAT number is the same number with BE in front: BE 0834.626.107.
- Where is Startelec based?
- The registered office is at Quai du Tram 13, 1330 Rixensart.Company details
- What does Startelec do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Startelec?
- Startelec is a private limited company (pre-2019) (BVBA).
- When was Startelec founded?
- Startelec was founded on 18-03-2011.
- Is Startelec still active?
- Yes, Startelec is an active enterprise in the KBO register.
- What is the turnover of Startelec?
- The turnover in financial year 2024 is ≈ €130,000. This figure is estimated from the gross margin of €15,389 and 97 comparable companies (NACE 43211). It probably lies between €83,000 and €270,000. It is a rough estimate.Financials
- Is Startelec profitable?
- In financial year 2024, Startelec made a profit of €14,072.
- Where can I find the annual accounts of Startelec?
- Startelec filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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