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C-MAC ELECTROMAG

Active
Private limited companyfounded 1973active for 53 yearsIndustriëlestraat 4, 9600 Ronse, BelgiumKBO/BCE: BE 0413.643.533
Summary

C-MAC ELECTROMAG has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of €3.4m. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 45% of 125 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of electrical equipment
NACE 27900Manufacture of computer, electronic and optical products NACE 26110
3rd oldest company in East Flanders, Electrical equipment sector1 site
Size
€40.4mturnover 2025
Staff
157.6 FTE
Equity
€12.5m
Profit
€3.4m
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
C-MAC HOLDING · 100%
Holdings
3
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 35 days early3 of 22 deeds read
Why 94raises riskSector: Manufacture of electrical equipment (NACE 27)lowers riskFounded in 1973Size: turnover €40.4m, 157.6 FTE, total assets €31.8mLiquidity: current ratio 1.81, cash €3.5mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 27)
Financial strength · tick = 2024
Strong
Solvency 64+6
equity 39.4% of total assets
Liquidity 41+9
short-term debt 46.4% · cash 10.8%
Profitability 81-4
return on assets 10.8%
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).

Sector median 0.3% (24 companies, NACE 27, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,150,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.81, compared with 1.68 in 2024, above the usual 1.5; short-term debt: 46.4% and cash: 10.8% of total assets), but 60.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 27): better than 54% on solvency, 43% on liquidity, 84% on profitability and 21% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1973
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €40.4m, 157.6 FTE, total assets €31.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of electrical equipment (NACE 27)
KBO
lowers risk · Liquidity: current ratio 1.81, cash €3.5m
NBB · annual accounts
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
22 days early
2023
29 days early
2022
39 days early
2021
136 days late
2020
43 days early
2019
91 days late
← 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 8 days after the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Danny Detemmerman (director)Permanent representative: Brecht Deketele ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 3rd oldest company in East Flanders, Electrical equipment sectorin the Checked rankings No. 3 View
  • Positive: 8 profitable years in a rowprofit 2025: €3.4m 8 years View
  • Controlled by C-MAC HOLDINGultimately: Sefunda CTT 100% View
  • A director leftlatest change 17-06-2026 · 2 in office 1 left View
  • Caution: Result fell in 2025from €4.6m to €3.4m ▼ 25.9% View
  • Active since 1973founded 09-08-1973 53 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
  • Flemish supportawarded from 2022 to 2025 €56,386 View

By topic

Financials

Financial year
2025
Turnover
€40.4m
Profit
€3.4m
Solvency
39.4%
Turnover▼ 3.0%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
C-MAC HOLDING · 100%
Auditor
Ernst et Young Reviseurs…
  • Riwan TAMICDirector
  • Yves DEMEULEMEESTERDirector
Go to Board & ownership

Timeline

Events
53
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 08-11-2024Resignations: Riwan TAMIC, Danny DETEMMERMAN and Yves…
  3. 02-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of electrical equipmentNACE 27900
Founded
09-08-1973
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
21
Annual meeting
Third Wednesday of June at 08:30
Purpose
“Het aankopen,verkopen,bewerken,vervaardigen,assembleren,ontwerpen,invoeren en uitvoeren…” (deed in Dutch)
Go to Articles of association

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