Cegelec Electrical Solutions
ActiveSummary
Cegelec Electrical Solutions has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.2m and a net result of €4.5m. Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 23% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
Source: KBO- Status
- Active since 15-09-1986 Normal situation
- Registered office
- 57 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- General electrical installation work NACE 43211
- Joint committees
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment units
- 2.030.298.090 2070 Beveren-Kruibeke-Zwijndrecht, since 29-01-1992
- 2.298.640.969 2240 Zandhoven, since 01-01-2018and 5 others
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2020
Board and ownership
- Olivier RUYMENManaging director
- Ann HendrickxDirector · since 21-06-2022
- Filip AERTSDirector · since 01-01-2025
- Auditor
- EY Réviseurs d'entreprises
- VINCI ENERGIES BELGIUM100%annual accounts 2025
- VINCI SAconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €73.9m
- ▲ 218%
- Profit
- €4.5m
- ▲ 167%
- Equity
- €15.2m
- ▲ 216%
- Total assets
- €70.1m
- ▲ 387%
- Employees on 31-12-2025
- 251
- ▲ 206%
Score breakdownraises risk1 change of registered office in 24 monthsEquity €15.2m (21.7% of total assets)lowers riskLiquidity: current ratio 1.09, cash €37.6mSize: turnover €73.9m, 237.9 FTE, total assets €70.1mShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, medium-sized). It does better than 27% of them on solvency, 89% on liquidity, 59% on profitability and 99% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before 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 (2)
Key points
- Turnover rose in 2025branch received from CEGELEC ▲ 218% View
- Positive: Fastest staff growth in the Brussels-Capital Region, Construction sectorin the Checked rankings No. 1 View
- Branch taken over from CEGELECtakeover on 01-01-2025 2025 View
- Positive: 7 profitable years in a rowprofit 2025: €4.5m 7 years View
- A director leftlatest change 19-03-2026 · 3 in office 1 left View
Recent changes
- · Gazette deed Resignation: Hanne Meersman (director)
- · Gazette deed Resignation: Hanne Meersman (director)
- · Gazette deed Resignation: Deloitte Réviseurs d'Entreprises SRL (statutory auditor)Appointment: EY Réviseurs d'Entreprises (statutory auditor) · Permanent representative: Daniel Wuyts
Comparable companies
These companies have the same main activity as Cegelec Electrical Solutions: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €52m and €102m, founded between 1960 and 2004.
| Company | Total assets | Turnover |
|---|---|---|
| Cegelec Electrical Solutions Brussel | €70.1m | €73.9m |
| ELECTROTECHNIQUE ET MECANIQUE PUTMAN FRERES Anderlecht | €58.8m | €82.3m |
| MOBIX Mechelen | €64.2m | €50.3m |
| COLLIGNON ENG. Erezée | €51.8m | €87.9m |
| V.M.A. Sint-Martens-Latem | €83.7m | €106.8m |
| CONSTRUCTEL BELGIUM Mons | €71.2m | €99.9m |
| CEGELEC Brussel | €101.7m | €165.6m |
Key facts about Cegelec Electrical Solutions
- What is the company number of Cegelec Electrical Solutions?
- The company number of Cegelec Electrical Solutions is 0431.998.111. The VAT number is the same number with BE in front: BE 0431.998.111.
- Where is Cegelec Electrical Solutions based?
- The registered office is at Bourgetlaan 44, 1130 Brussel.Company details
- What does Cegelec Electrical Solutions do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Cegelec Electrical Solutions?
- The legal form of Cegelec Electrical Solutions is Public limited company (NV).
- When was Cegelec Electrical Solutions founded?
- Cegelec Electrical Solutions was founded on 15-09-1986.
- Is Cegelec Electrical Solutions still active?
- Yes, Cegelec Electrical Solutions is an active enterprise in the KBO register.
- How many employees does Cegelec Electrical Solutions have?
- Cegelec Electrical Solutions had an average of 237.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Cegelec Electrical Solutions fall under?
- In its 2025 annual accounts, Cegelec Electrical Solutions states joint committees 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of Cegelec Electrical Solutions?
- The turnover of Cegelec Electrical Solutions was €73.9m in financial year 2025, according to the filed annual accounts.
- Is Cegelec Electrical Solutions profitable?
- In financial year 2025, Cegelec Electrical Solutions made a profit of €4.5m.
- Where can I find the annual accounts of Cegelec Electrical Solutions?
- Cegelec Electrical Solutions filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cegelec Electrical Solutions due?
- Cegelec Electrical Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.