ELECTRICAL NETWORK DESIGN

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ELECTRICAL NETWORK DESIGN is 1.0% (low). The 2024 annual accounts show equity of €138k and a net result of €-21k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 44% of 11088 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	26-06-2025	35 d early	2025-00179978
31-12-2023	31-07-2024	27-08-2024	27 d late	2024-00374783
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00390397
31-12-2021	31-07-2022	02-08-2022	2 d late	2022-20261139
31-12-2020	31-07-2021	29-07-2021	2 d early	2021-42300547
31-12-2019	31-07-2020	20-07-2020	11 d early	2020-34200372
31-12-2018	31-07-2019	22-07-2019	9 d early	2019-35700578
31-12-2017	31-07-2018	20-07-2018	11 d early	2018-35400209
31-12-2016	31-07-2017	15-08-2017	15 d late	2017-44300397
31-12-2015	31-07-2016	18-08-2016	18 d late	2016-43900263

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2002, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-21k-35.1%

Working capital€710-94.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 7 fiscal years (±0.6%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	36.3%	40.9%	better than 44% of 11088 sector peers
Net result	€-21k	€11k	better than 5% of 11070 sector peers
Equity	€138k	€34k	better than 90% of 11091 sector peers
Gross operating margin	€47k	€35k	better than 60% of 11060 sector peers
Total assets	€379k	€93k	better than 91% of 11088 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P44

Stable position over 2020-2024 · n=1633-11088

Net result P5

Weakening position over 2020-2024 · n=1626-11070

Equity P90

Stable position over 2020-2024 · n=1635-11091

Gross operating margin P60

Stable position over 2020-2024 · n=1624-11060

Describes the position versus peers, not a forecast.

EBITDA

€41k

-19.3% 18-24

Net profit

€-21k

-35.1% 18-24

Cash flow

€34k

-17.9% 18-24

Total assets

€379k

-16.3% 18-24

Equity

€138k

-13.4% 18-24

Working capital

€710

-94.8% 18-24

Income taxes

€2k

-37.7% 18-24

Debt

€241k

-17.9% 18-24

Debt ≤ 1y

€60k

-8.2% 18-24

Debt > 1y

€182k

-20.6% 18-24

Current ratio

1.01

-16.5% 18-24

Quick ratio

1.01

-16.5% 18-24

Solvency

36.3%

+3.5% 18-24

Debt / equity

1.75

-5.2% 18-24

ROE

-15.4%

-55.9% 18-24

ROA

-5.6%

-61.4% 18-24

Interest coverage

8.04

+1.8% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€41k
Net profit	€-21k
Cash flow	€34k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€379k
Equity	€138k
Debt	€241k
of which ≤ 1y	€60k
of which > 1y	€182k
Working capital	€710
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.01
Quick ratio	1.01
Working capital ratio	0.2%
Solvency	36.3%
Debt / equity	1.75
Long-term debt ratio	1.32
Interest coverage	8.04
Gross margin	-
Net margin	-
ROA	-5.6%
ROE	-15.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €319k · 84.1% Current assets €60k · 15.9%

Equity & liabilities

Equity €138k · 36.3% Debt €241k · 63.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€379k
Fixed assets	21/28	€319k
Tangible fixed assets	22/27	€319k
Current assets	29/58	€60k
Amounts receivable within one year	40/41	€35k
Cash & bank	54/58	€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€379k
Equity	10/15	€138k
Contributions / capital	10/11	€6k
Reserves	13	€45k
Accumulated profits (losses)	14	€86k
Amounts payable	17/49	€241k
Amounts payable after one year	17	€182k
Amounts payable within one year	42/48	€60k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€47k
Operating result	9901	€-14k
Financial income	75	€0
Financial charges	65	€5k
Result before taxes	9903	€-19k
Income taxes	67/77	€2k
Net result for the period	9904	€-21k
Result to be appropriated	9905	€-21k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

58 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

SWAENEN Luc Godelieve Louis
Director
State Gazette act 24314732 (09-01-2024)

Current
09-01-2024 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene elektrotechnische installatiewerken(43211)
Legal form	Private limited company(610)
Incorporation	23-12-2002
Status	Active
Postal code	2900

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Zonnedauwlaan 4, 2900 Schoten

het al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant : - invoeren van gegevens - volledige verwerking van gegevens

since 20032.115.472.109

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area517 m²

Buildings1

Building footprint114 m²

Volume (LiDAR)748 m³

Tallest building11.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11442C0082/00S000	Flanders	517 m²	1 · 114 m²	11.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

09-01-2024 SWAENEN Luc Godelieve Louis appointed as director Director changes

SWAENEN Luc Godelieve Louis, Bestuurder

Summary: v3.2

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

49 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 58

Profitability 0

Solvency 57

Growth 32

Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works