SUREN ELECTRO
ActiveSummary
The computed 12-month bankruptcy probability of SUREN ELECTRO is 3.1% (moderate). The 2024 annual accounts show equity of €176,523 and a net result of €76,088. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-19
Solvency54▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.66 against 3.51 in 2023; short-term debt: 24.5% and cash: 2.6% of total assets), but 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 19-11-2025, 111 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
28 d late
2022
2 d early
2021
48 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€176,523▼ 32.2%
2023 · €260,435
Total assets
€600,202▲ 15.4%
2023 · €520,007
Net result
€76,088▼ 43.7%
2023 · €135,214
Working capital
€243,850▼ 2.2%
2023 · €249,279
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€96,266-€57,977▼ 39.8%€176,361▲ 204%€95,723▼ 45.7%
Net result€74,944above the sector's middle half-€46,778above the sector's middle half▼ 37.6%€135,214above the sector's middle half▲ 189%€76,088above the sector's middle half▼ 43.7%
Equity€78,444within the sector's middle half-€125,222within the sector's middle half▲ 59.6%€260,435above the sector's middle half▲ 108%€176,523above the sector's middle half▼ 32.2%
Total assets€146,927within the sector's middle half-€232,709within the sector's middle half▲ 58.4%€520,007above the sector's middle half▲ 123%€600,202above the sector's middle half▲ 15.4%
Debt€68,484-€107,487▲ 57.0%€259,572▲ 141%€423,679▲ 63.2%
Working capital€77,532within the sector's middle half-€124,734above the sector's middle half▲ 60.9%€249,279above the sector's middle half▲ 99.8%€243,850above the sector's middle half▼ 2.2%
Solvency53.4%within the sector's middle half-53.8%within the sector's middle half▲ 0.4pp50.1%within the sector's middle half▼ 3.7pp29.4%within the sector's middle half▼ 20.7pp
Current ratio2.13within the sector's middle half-2.16within the sector's middle half▲ 0.033.51above the sector's middle half▲ 1.352.66within the sector's middle half▼ 0.86
Return on assets (ROA)51.0%above the sector's middle half-20.1%above the sector's middle half▼ 30.9pp26.0%above the sector's middle half▲ 5.9pp12.7%within the sector's middle half▼ 13.3pp
Staff (FTE)1-1.3▲ 30.0%2.4▲ 84.6%2.4=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €600,202
Fixed assets
€209,144 ▲ 22.0%
Current assets
€391,058 ▲ 12.2%
Equity and liabilities €600,202
Equity
€176,523 ▼ 32.2%
Debt
€423,679 ▲ 63.2%
Debt's share of the balance-sheet total rises from 49.9% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€107,131▼
2023 · €178,151
Cash flow
€87,496▼
2023 · €137,004
Quick ratio
2.50▼
2023 · 3.43
Debt to equity
2.40▲
2023 · 1.00
ROE
43.1%▼
2023 · 51.9%
Interest coverage
5.56▼
2023 · 19.20
Debt ≤ 1 year
€147,208▲
2023 · €99,240
Debt > 1 year
€275,675▲
2023 · €160,235
Income taxes
€20,223▼
2023 · €36,865
Staff costs
€103,502▲
2023 · €91,835
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7,888 | - | - | - |
| Remuneration, social security and pensions62 | €43,795 | €44,525 | €91,835 | €103,502 | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,568 | €434 | €1,790 | €11,408 | ▲ 537% |
| Other operating charges640/8 | €1,791 | €697 | €1,635 | €1,176 | ▼ 28.0% |
| Non-recurring operating charges66A | €1,233 | - | €478 | €686 | ▲ 43.6% |
| Gross operating margin9900 | €145,653 | €103,633 | €272,099 | €212,495 | ▼ 21.9% |
| Operating profit (loss)9901 | €96,266 | €57,977 | €176,361 | €95,723 | ▼ 45.7% |
| Financial income75/76B | €1,299 | €3,677 | €4,999 | €19,842 | ▲ 297% |
| Recurring financial income75 | €1,299 | €3,677 | €4,999 | €19,842 | ▲ 297% |
| Financial charges65/66B | €1,742 | €3,376 | €9,281 | €19,254 | ▲ 107% |
| Recurring financial charges65 | €1,742 | €3,376 | €9,281 | €19,254 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €95,824 | €58,278 | €172,079 | €96,311 | ▼ 44.0% |
| Income taxes67/77 | €20,880 | €11,500 | €36,865 | €20,223 | ▼ 45.1% |
| Profit (loss) for the period9904 | €74,944 | €46,778 | €135,214 | €76,088 | ▼ 43.7% |
| Profit (loss) for the period to be appropriated9905 | €74,944 | €46,778 | €135,214 | €76,088 | ▼ 43.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €146,927 | €232,709 | €520,007 | €600,202 | ▲ 15.4% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €912 | €488 | €171,488 | €209,144 | ▲ 22.0% |
| Tangible fixed assets22/27 | €912 | €478 | €171,478 | €209,134 | ▲ 22.0% |
| Land and buildings22 | - | - | €159,425 | €193,935 | ▲ 21.6% |
| Plant, machinery and equipment23 | - | - | €5,688 | €5,376 | ▼ 5.5% |
| Furniture and vehicles24 | €912 | €478 | €6,366 | €9,823 | ▲ 54.3% |
| Financial fixed assets28 | - | €10 | €10 | €10 | = |
| Current assets29/58 | €146,016 | €232,221 | €348,519 | €391,058 | ▲ 12.2% |
| Amounts receivable after more than one year29 | - | €64,000 | €64,000 | €64,000 | = |
| Other amounts receivable291 | - | €64,000 | €64,000 | €64,000 | = |
| Stocks and contracts in progress3 | - | €38,240 | €8,150 | €22,506 | ▲ 176% |
| Stocks30/36 | - | €7,469 | €8,150 | €7,850 | ▼ 3.7% |
| Contracts in progress37 | - | €30,771 | - | €14,656 | - |
| Amounts receivable within one year40/41 | €86,803 | €118,416 | €232,665 | €288,344 | ▲ 23.9% |
| Trade receivables40 | €48,219 | €70,236 | €122,322 | €273,206 | ▲ 123% |
| Other amounts receivable41 | €38,585 | €48,181 | €110,343 | €15,138 | ▼ 86.3% |
| Cash at bank and in hand54/58 | €58,580 | €8,466 | €39,027 | €15,499 | ▼ 60.3% |
| Deferred charges and accrued income490/1 | €632 | €3,098 | €4,677 | €710 | ▼ 84.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €146,927 | €232,709 | €520,007 | €600,202 | ▲ 15.4% |
| Equity10/15 | €78,444 | €125,222 | €260,435 | €176,523 | ▼ 32.2% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Reserves13 | €74,944 | - | - | - | - |
| Distributable reserves133 | €74,944 | - | - | - | - |
| Profit (loss) carried forward14 | - | €121,722 | €256,935 | €173,023 | ▼ 32.7% |
| Amounts payable17/49 | €68,484 | €107,487 | €259,572 | €423,679 | ▲ 63.2% |
| Amounts payable after more than one year17 | - | - | €160,235 | €275,675 | ▲ 72.0% |
| Financial debts170/4 | - | - | €160,235 | €275,675 | ▲ 72.0% |
| Amounts payable within one year42/48 | €68,484 | €107,487 | €99,240 | €147,208 | ▲ 48.3% |
| Current portion of amounts payable after more than one year42 | - | €15,000 | €15,000 | €29,909 | ▲ 99.4% |
| Financial debts43 | €15,000 | - | - | - | - |
| Credit institutions430/8 | €15,000 | - | - | - | - |
| Trade debts44 | €47,604 | €86,224 | €52,989 | €76,188 | ▲ 43.8% |
| Suppliers440/4 | €47,054 | €86,224 | €52,989 | €76,188 | ▲ 43.8% |
| Bills of exchange payable441 | €550 | - | - | - | - |
| Taxes, remuneration and social security45 | €5,880 | €6,263 | €31,251 | €18,726 | ▼ 40.1% |
| Taxes450/3 | €5,880 | €1,467 | €24,094 | €7,189 | ▼ 70.2% |
| Remuneration and social security454/9 | - | €4,796 | €7,157 | €11,538 | ▲ 61.2% |
| Other amounts payable47/48 | - | - | - | €22,384 | - |
| Accrued charges and deferred income492/3 | - | - | €97 | €795 | ▲ 721% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,944 | €46,778 | €135,214 | €76,088 | ▼ 43.7% |
| + Depreciation and write-downs630 | €2,568 | €434 | €1,790 | €11,408 | ▲ 537% |
| Operating cash flow (approximation) | €77,512 | €47,212 | €137,004 | €87,496 | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | -€10 | -€172,791 | -€49,063 | ▲ 71.6% |
| Change in cash | - | -€50,114 | €30,561 | -€23,528 | ▼ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2021net €135,214 ▲189%
Operating result €176,361, net result €135,214, both a record.
31-12
Financial
Equity above €200,000Eq €260,435 ▲108%
3 profitable years in a row build equity to €260,435.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €46,778 ▼37.6%
Net result drops to €46,778, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €125,222 ▲59.6%
2 profitable years in a row build equity to €125,222.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 2 establishment units since 2020
Ground area
820 m²
Building footprint
242 m²
Volume, LiDAR
1,539 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SUREN ELECTRO
since 20202.303.067.139
Suren Electro
since 20242.366.598.179
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021B0333/00L000 | Flanders | 537 m² | 1 · 140 m² | 8.8 m · 2 fl. |
| 42001B0503/00T002indicative | Flanders | 284 m² | 1 · 103 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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
2022 · 1 entry · 1,170 EUR awarded · 1,170 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,170 EUR | 1,170 EUR |
Similar companies · same sector, comparable size
HERMAN HEYLEN
BE 0476.446.380
Geel · Eq €176,604
BUYLE TECHNICS
BE 0763.436.916
Lokeren · Eq €176,365
OLSECURITY
BE 1000.454.139
Sprimont · Eq €176,715
RC ELECTRICITE
BE 0639.758.847
Estinnes · Eq €176,321
TACKTIMO
BE 0787.927.436
Deinze · Eq €176,146
Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,433 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
Founded29-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Website
www.surenelektrotechniek.be
E-mail
suren.elektrotechniek@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747730537
Registered
27-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.