Electro Services
Bankruptcy closedInactive since 23-04-2026; last annual accounts for fiscal year 2020.
Summary
Electro Services was declared bankrupt on 08-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 20-04-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Turnover
€202k▲ 6.4%
2018 · €190k
2018: €190k
2019: €202k▲ +6.4% vs 2018
2018 → 2019
EBIT margin
20.6%▼ 8.3pp
2018 · 28.9%
2018: 28.9%
2019: 20.6%▼ -28.8% vs 2018
2018 → 2019
Net result
€15k▼ 40.4%
2019 · €26k
2018: €37khighest in 3 years
2019: €26k▼ -29.0% vs 2018
2020: €15k▼ -40.4% vs 2019lowest in 3 years
2018 → 2020
Working capital
€122k▲ 3.9%
2019 · €118k
2018: €65klowest in 3 years
2019: €118k▲ +81.6% vs 2018
2020: €122k▲ +3.9% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€190k-€202k▲ 6.4%
2018: €190k
2019: €202k▲ +6.4% vs 2018
Equity€65k-€91k▲ 40.1%€106k▲ 17.1%
2018: €65klowest in 3 years
2019: €91k▲ +40.1% vs 2018
2020: €106k▲ +17.1% vs 2019highest in 3 years
Operating result€55k-€42k▼ 24.2%€20k▼ 50.8%
2018: €55khighest in 3 years
2019: €42k▼ -24.2% vs 2018
2020: €20k▼ -50.8% vs 2019lowest in 3 years
Net result€37k-€26k▼ 29.0%€15k▼ 40.4%
2018: €37khighest in 3 years
2019: €26k▼ -29.0% vs 2018
2020: €15k▼ -40.4% vs 2019lowest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 51% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €173k
Equity
€106k ▲ 17.1%
Debt
€67k ▼ 19.9%
Debt's share of the balance-sheet total falls from 48.0% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.39▲
2019 · 3.07
Debt to equity
0.63▲
2019 · 0.30
ROE
14.6%▼
2019 · 28.6%
ROA
8.9%▼
2019 · 14.9%
Debt ≤ 1 year
€51k▼
2019 · €57k
Debt > 1 year
€16k▼
2019 · €27k
Income taxes
€4k▼
2019 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 36 lines
Balance sheet
Code20192020
Assets
Total assets20/58€174k€173k▼
Current assets29/58€174k€173k▼
Amounts receivable within one year40/41€149k€172k▲
Trade receivables40-€172k
Other amounts receivable41-€464
Cash at bank and in hand54/58€25k€737▼
Equity and liabilities
Total equity and liabilities10/49€174k€173k▼
Equity10/15€91k€106k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€70k€86k▲
Amounts payable17/49€84k€67k▼
Amounts payable after more than one year17€27k€16k▼
Financial debts170/4-€16k
Amounts payable within one year42/48€57k€51k▼
Current portion of amounts payable after more than one year42-€16k
Trade debts44€10k€9k▼
Suppliers440/4-€9k
Taxes, remuneration and social security45-€25k
Taxes450/3-€25k
Other amounts payable47/48-€328
Income statement
Code20192020
Turnover70€202k-
Non-recurring operating income76A-€7k
Other operating charges640/8-€115
Gross operating margin9900€47k€21k▼
Operating profit (loss)9901€42k€20k▼
Financial charges65/66B-€738
Recurring financial charges65€2k€738▼
Profit (loss) for the period before taxes9903€40k€20k▼
Income taxes67/77€14k€4k▼
Profit (loss) for the period9904€26k€15k▼
Profit (loss) for the period to be appropriated9905€26k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€86k
Profit (loss) brought forward from the previous period14P-€70k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €190k | €202k | - | - |
| Non-recurring operating income76A | - | - | €7k | - |
| Other operating charges640/8 | - | - | €115 | - |
| Gross operating margin9900 | €55k | €47k | €21k | ▼ 56.6% |
| Operating profit (loss)9901 | €55k | €42k | €20k | ▼ 50.8% |
| Financial charges65/66B | - | - | €738 | - |
| Recurring financial charges65 | €810 | €2k | €738 | ▼ 59.7% |
| Profit (loss) for the period before taxes9903 | €54k | €40k | €20k | ▼ 50.4% |
| Income taxes67/77 | €18k | €14k | €4k | ▼ 69.2% |
| Profit (loss) for the period9904 | €37k | €26k | €15k | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €37k | €26k | €15k | ▼ 40.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121k | €174k | €173k | ▼ 0.6% |
| Current assets29/58 | €121k | €174k | €173k | ▼ 0.6% |
| Amounts receivable within one year40/41 | €120k | €149k | €172k | ▲ 15.8% |
| Trade receivables40 | - | - | €172k | - |
| Other amounts receivable41 | - | - | €464 | - |
| Cash at bank and in hand54/58 | €395 | €25k | €737 | ▼ 97.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121k | €174k | €173k | ▼ 0.6% |
| Equity10/15 | €65k | €91k | €106k | ▲ 17.1% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | €2k | - |
| Profit (loss) carried forward14 | €44k | €70k | €86k | ▲ 22.1% |
| Amounts payable17/49 | €56k | €84k | €67k | ▼ 19.9% |
| Amounts payable after more than one year17 | - | €27k | €16k | ▼ 40.7% |
| Financial debts170/4 | - | - | €16k | - |
| Amounts payable within one year42/48 | €56k | €57k | €51k | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | €16k | - |
| Trade debts44 | €16k | €10k | €9k | ▼ 9.9% |
| Suppliers440/4 | - | - | €9k | - |
| Taxes, remuneration and social security45 | - | - | €25k | - |
| Taxes450/3 | - | - | €25k | - |
| Other amounts payable47/48 | - | - | €328 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €26k | €15k | ▼ 40.4% |
| Operating cash flow (approximation) | €37k | €26k | €15k | ▼ 40.4% |
| Change in cash | - | €25k | €-25k | ▼ 199% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-04-2026
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 08-09-2022
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 250 days late
2020
31-12
Financial
Weakest financial yearnet €15k ▼40.4%
Net result drops to €15k, the lowest in the series.
31-12
Financial
Equity above €100kEq €106k ▲17.1%
3 profitable years in a row build equity to €106k.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen
Ground area
3,414 m²
Building footprint
771 m²
Volume, LiDAR
4,039 m³
Parcel 71004A0021/00H000, Flanders · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0021/00H000 | Flanders | 3,414 m² | 1 · 771 m² | 5.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | HERMAN DRIESSEN SINT-KATARINAPLEIN 15 BUS 3,
3500 HASSELT |
08-09-2022 → 14-04-2026 |
| Curator | ILSE VRANKEN KUNST-
LAAN 10/A01, 3500 HASSELT |
08-09-2022 → 14-04-2026 |
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded29-04-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.