Active BE 0423.131.222Public limited companyOpen bankruptcy

ELECTRO DAVID

Gullegemsesteenweg(Bis) 216 ·8501 Kortrijk, Belgium· 43 yrs active

Sector: Specialised construction (43211)

Conclusion Checked

A bankruptcy procedure is open for ELECTRO DAVID according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-333k) and a net result of €-569k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-333k
Net result	€-569k
Staff (FTE)	23.5
Active	43 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 39

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-11-2021 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

EBITDA

€-514k

-111.4% 19-21

Net profit

€-569k

-87.1% 19-21

Cash flow

€-534k

-101.2% 19-21

Total assets

€1.13M

-36.0% 19-21

Equity

€-333k

- 19-21

Working capital

€-336k

- 19-21

Employees (FTE)

24

0.0% 19-21

Income taxes

€16k

-53.7% 19-21

Dividends

€0

- 19-21

Debt

€1.38M

+13.6% 19-21

Debt ≤ 1y

€1.37M

+21.7% 19-21

Debt > 1y

€50k

-48.2% 19-21

Current ratio

0.75

-48.9% 19-21

Quick ratio

0.67

-50.8% 19-21

Solvency

-29.5%

- 19-21

Debt / equity

-0.15

- 19-21

ROE

171.1%

- 19-21

ROA

-50.5%

-192.2% 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-514k
Net profit	€-569k
Cash flow	€-534k
Staff costs	-
Income taxes	€16k
Dividends	€0
Total assets	€1.13M
Equity	€-333k
Debt	€1.38M
of which ≤ 1y	€1.37M
of which > 1y	€50k
Working capital	€-336k
Employees (FTE)	23.5

Ratios (computed)

	2021
Current ratio	0.75
Quick ratio	0.67
Working capital ratio	-29.8%
Solvency	-29.5%
Debt / equity	-0.15
Long-term debt ratio	-0.15
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-50.5%
ROE	171.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €97k · 8.6% Current assets €1.03M · 91.4%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.13M
Fixed assets	21/28	€97k
Formation expenses	20	€0
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€97k
Financial fixed assets	28	€335
Current assets	29/58	€1.03M
Stocks & contracts in progress	3	€110k
Amounts receivable within one year	40/41	€606k
Investments	50/53	€0
Cash & bank	54/58	€109k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.13M
Equity	10/15	€-333k
Contributions / capital	10/11	€68k
Reserves	13	€168k
Accumulated profits (losses)	14	€-569k
Amounts payable	17/49	€1.38M
Amounts payable after one year	17	€50k
Amounts payable within one year	42/48	€1.37M
Trade debts payable within one year	44	€546k
Income statement
Gross operating margin	9900	€866k
Operating result	9901	€-549k
Financial income	75	€9k
Financial charges	65	€30k
Result before taxes	9903	€-553k
Income taxes	67/77	€16k
Net result for the period	9904	€-569k
Result to be appropriated	9905	€-569k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Carmen MATTHIJS OUDE IEPERSTRAAT 4, 8560 WEVELGEM ↔ Also on 43 other cases	02-12-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43211)
Legal form	Public limited company(014)
Incorporation	16-09-1982
Status	Active
Postal code	8501
First BS signal	09-12-2021
Latest BS signal	09-12-2021

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

ELECTRO DAVID

Gullegemsesteenweg(Bis) 216, 8501 Kortrijkde aanleg van leidingen voor het vervoer en de distributie van elektrische energie

since 19822.021.188.604

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

Real-estate footprint Source: CBE × cadastre

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.
34007A0162/00R000	Flanders	1,948 m²	1 · 61 m²	-

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.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

09-12-2021

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · ELECTRO DAVID NV GULLE- GEMSESTEENWEG 216, 8501 BISSEGEM · event 02-12-2021

25-11-2021