STELEC
ActiveSTELEC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.13M and a net result of €28k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 7426 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
76
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12=
Solvency93▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.95 in 2023), but 52.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.9%
Return on assets
1.2%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-02-2026, 210 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
210 d late
2023
92 d late
2022
73 d late
2021
135 d late
2020
81 d late
2019
97 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.13M▼ 9.8%
2023 · €1.26M
2018: €592k
2019: €742k
2020: €992k
2021: €1.31M
2022: €1.42M
2023: €1.26M
2018 → 2024
Total assets
€2.37M▼ 11.8%
2023 · €2.68M
2018: €1.76M
2019: €2.09M
2020: €2.43M
2021: €2.64M
2022: €2.63M
2023: €2.68M
2018 → 2024
Net result
€28k▼ 9.1%
2023 · €31k
2018: €201k
2019: €150k
2020: €250k
2021: €316k
2022: €114k
2023: €31k
2018 → 2024
Working capital
€1.03M▼ 7.3%
2023 · €1.11M
2018: €515k
2019: €654k
2020: €895k
2021: €1.24M
2022: €1.26M
2023: €1.11M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€992k-€1.31M▲ 31.9%€1.42M▲ 8.7%€1.26M▼ 11.5%€1.13M▼ 9.8%
Operating result€346k-€474k▲ 37.0%€203k▼ 57.2%€70k▼ 65.5%€76k▲ 8.4%
Net result€250k-€316k▲ 26.5%€114k▼ 63.9%€31k▼ 72.8%€28k▼ 9.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.37M
Fixed assets
€313k▼ 22.4%
Current assets
€2.06M▼ 9.9%
Equity and liabilities €2.37M
Equity
€1.13M▼ 9.8%
Provisions
€600▼ 25.0%
Debt
€1.23M▼ 13.4%
The debt ratio falls from 53.1% to 52.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€213k▼
2023 · €244k
Cash flow
€165k▼
2023 · €205k
Solvency
47.9%▲
2023 · 46.9%
Current ratio
2.00▲
2023 · 1.95
Quick ratio
1.48▼
2023 · 1.49
Debt / equity
1.09▼
2023 · 1.13
ROE
2.5%▲
2023 · 2.5%
ROA
1.2%▲
2023 · 1.2%
Interest coverage
4.09▼
2023 · 4.98
Debt
€1.23M▼
2023 · €1.42M
Debt ≤ 1 year
€1.03M▼
2023 · €1.17M
Debt > 1 year
€206k▼
2023 · €253k
Income taxes
€13k▲
2023 · €11k
Staff costs
€440k▼
2023 · €455k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.68M€2.37M▼
Fixed assets21/28€403k€313k▼
Intangible fixed assets21€2k€762▼
Tangible fixed assets22/27€402k€312k▼
Plant, machinery and equipment23€123k€113k▼
Furniture and vehicles24€213k€131k▼
Leasing and similar rights25€53k€56k▲
Other tangible fixed assets26€13k€12k▼
Current assets29/58€2.28M€2.06M▼
Stocks and contracts in progress3€533k€538k▲
Stocks30/36€272k€247k▼
Contracts in progress37€261k€291k▲
Amounts receivable within one year40/41€1.71M€1.50M▼
Trade receivables40€781k€645k▼
Other amounts receivable41€930k€854k▼
Cash at bank and in hand54/58€10k€5k▼
Deferred charges and accrued income490/1€26k€12k▼
Equity and liabilities
Total equity and liabilities10/49€2.68M€2.37M▼
Equity10/15€1.26M€1.13M▼
Contributions10/11€19k€19k=
Reserves13€869k€746k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€3k€2k▼
Distributable reserves133€866k€743k▼
Profit (loss) carried forward14€371k€371k=
Provisions and deferred taxes16€800€600▼
Deferred taxes168€800€600▼
Amounts payable17/49€1.42M€1.23M▼
Amounts payable after more than one year17€253k€206k▼
Financial debts170/4€247k€200k▼
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€1.17M€1.03M▼
Current portion of amounts payable after more than one year42€103k€82k▼
Financial debts43€583k€587k▲
Credit institutions430/8€583k€587k▲
Trade debts44€209k€144k▼
Suppliers440/4€209k€144k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€90k€69k▼
Taxes450/3€33k€10k▼
Remuneration and social security454/9€57k€59k▲
Other amounts payable47/48€185k€144k▼
Accrued charges and deferred income492/3€1k€290▼
Income statement
Code20232024
Remuneration, social security and pensions62€455k€440k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€137k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€25k€10k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€724k€663k▼
Operating profit (loss)9901€70k€76k▲
Financial income75/76B€20k€17k▼
Recurring financial income75€20k€17k▼
Financial charges65/66B€49k€52k▲
Recurring financial charges65€49k€52k▲
Profit (loss) for the period before taxes9903€41k€41k▲
Transfer from deferred taxes780€2k€200▼
Transfer to deferred taxes680€1k€0▼
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€31k€28k▼
Transfer from tax-exempt reserves789€6k€800▼
Transfer to tax-exempt reserves689€4k€0▼
Profit (loss) for the period to be appropriated9905€33k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€404k€400k▼
Profit (loss) brought forward from the previous period14P€371k€371k=
Transfer from equity791/2€194k€152k▼
Transfer to equity691/2€33k€29k▼
To other reserves6921€33k€29k▼
Profit to be distributed694/7€194k€152k▼
Return on contributions (dividend)694€194k€152k▼
Social balance
Average headcount (FTE)90876.25.1▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 210 days late
2024
31-12
Financial
Weakest financial yearnet €28k ▼9.1%
Net result drops to €28k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 135 days late
2021
31-12
Financial
Highest result since 2018net €316k ▲26.5%
Operating result €474k, net result €316k, both a record.
31-12
Financial
Equity above €1MEq €1.31M ▲31.9%
4 profitable years in a row build equity to €1.31M.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 97 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
CLAES Stijn
CurrentDirector · since 15-01-2024
CLAES Tim
CurrentDirector · since 15-01-2024
15-01-2024
CLAES Stijn: Appointed as Director
15-01-2024
CLAES Tim: Appointed as Director
Location & real-estate footprint
Registered office, Laakdal · 1 establishment unit since 2005
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.
Meerhoutstraat 642430 LaakdalGround area
1,077 m²
Building footprint
236 m²
Volume, LiDAR
1,245 m³
Parcel 13045C0408/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STELEC
since 20052.149.334.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13045C0408/00C000 | Flanders | 1,077 m² | 1 · 236 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesSTELEC BV29467
Similar companies · same sector, comparable size
FLUX
BE 0462.139.771
Zedelgem · Eq €1.13M
ELECTRICITE ALAIN DELAVIGNETTE
BE 0864.418.864
Seraing · Eq €1.13M
DAKIR
BE 0713.713.924
Verviers · Eq €1.14M
OMNICRON SECURITY
BE 0880.383.678
Torhout · Eq €1.13M
DNCS
BE 0889.657.670
Lille · Eq €1.13M
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 4,262 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2005
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
43240Other construction installation
43299Specialised construction activities
43341Painting of buildings
45441
46180Agents specialised in the wholesale of other particular products
47552Retail sale of lighting equipment
47592Retail trade
51180
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.