Financials
- Fiscal year
- 2025
- Turnover
- €17.7m
- Profit
- €3.6m
- Solvency
- 81.3%
Turnover▲ 10.9%
Net result
20182025
THE BELGIAN
ActiveSummary
THE BELGIAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.4m and a net result of €3.6m. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 90% of 2204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
General electrical installation work
NACE 43211NACE 45310Wholesale of electrical equipment, including installation materials NACE 46643
#1 company by total assets in Meise, Construction sector1 site
How big
€17.7mturnover 2025
- Staff
- 59.4 FTE
- Equity
- €14.4m
- Profit
- €3.6m
Who decides
- Parent
- Sekofer · 97.14%
Accounts 52 d early0 of 23 deeds read
Why 98- Sector Specialised construction activities (NACE 43)+ Founded in 1988+ Equity €14.4m (81.3% of total assets)+ Profit of €3.6m (FY 2025)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Better than 87% of its sector peers (NACE 43, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100+9
equity 81.3% of total assets
Liquidity
50-35
short-term debt 18.1% · cash 4.4%
Profitability
96-4
return on assets 20.4%
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).
- Founded in 1988 lowers the probability for this profile
- Equity €14.4m (81.3% of total assets) lowers the probability
- Profit of €3.6m (FY 2025) lowers the probability
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €1,400,000 at 30 days acceptable
Liquidity ample (current ratio 5.3 against 2.78 in 2024; short-term debt: 18.1% and cash: 4.4% of total assets), and 18.7% 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 43, medium-sized). Better than this share of them on solvency 97%, liquidity 74%, profitability 97%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
58 d early
2023
62 d early
2022
35 d early
2021
52 d early
2020
29 d early
2019
43 d early
← 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 47 days before 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 (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. Usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €5.7m ▲103%
Key points
- Positive: Company by total assets in Meise, Construction sectorin the Checked rankings #1 View
- Positive: 7 years of growth in a rowturnover 2025: €17.7m 7 years View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Sekoferknown shareholders 100% 97.14% View
- Caution: Result fell in 2025from €5.7m to €3.6m ▼ 36.8% View
By topic
Board & ownership
- Parent
- Sekofer · 97.14%
- Known shareholders
- 100%
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 09-06-2026Annual accounts filed
- 03-06-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 25-06-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 Is the workforce growing, and do people stay?Employer check 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
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