MRG ELEC
ActiveMRG ELEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €43k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 4126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency19▼-18
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 1.02 in 2024), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
5.9%
Age of the figures
9 mo
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
70 d early
2023
79 d early
2022
61 d early
2021
68 d early
2020
26 d late
2019
93 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€847k
EBIT margin
4.5%
Net result
€43k▼ 47.2%
2024 · €81k
2018: €25k
2019: €35k
2020: €5k
2021: €3k
2022: €12k
2023: €74k
2024: €81k
2018 → 2025
Working capital
€-45k
2024 · €7k
2018: €-14k
2019: €844
2020: €19k
2021: €20k
2022: €25k
2023: €-9k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€123k▲ 9.7%€106k▼ 13.7%€126k▲ 18.8%€118k▼ 6.5%
Operating result€17k-€29k▲ 73.2%€112k▲ 290%€121k▲ 7.7%€69k▼ 42.8%
Net result€3k-€12k▲ 350%€74k▲ 529%€81k▲ 9.3%€43k▼ 47.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €729k
Fixed assets
€420k▲ 96.2%
Current assets
€309k▲ 4.1%
Equity and liabilities €729k
Equity
€118k▼ 6.5%
Debt
€611k▲ 58.8%
The debt ratio rises from 75.3% to 83.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€101k▼
2024 · €146k
Cash flow
€75k▼
2024 · €106k
Solvency
16.2%▼
2024 · 24.7%
Current ratio
0.87▼
2024 · 1.02
Quick ratio
0.47▼
2024 · 0.57
Debt / equity
5.18▲
2024 · 3.05
ROE
36.2%▼
2024 · 64.1%
ROA
5.9%▼
2024 · 15.8%
Interest coverage
6.97▼
2024 · 11.14
Debt
€611k▲
2024 · €385k
Debt ≤ 1 year
€355k▲
2024 · €290k
Debt > 1 year
€256k▲
2024 · €52k
Income taxes
€13k▼
2024 · €29k
Staff costs
€436k▲
2024 · €400k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€511k€729k▲
Fixed assets21/28€214k€420k▲
Tangible fixed assets22/27€214k€420k▲
Land and buildings22€164k€392k▲
Plant, machinery and equipment23€33k€22k▼
Furniture and vehicles24€17k€6k▼
Financial fixed assets28€200€200=
Current assets29/58€297k€309k▲
Stocks and contracts in progress3€132k€141k▲
Stocks30/36€132k€141k▲
Amounts receivable within one year40/41€62k€64k▲
Trade receivables40€49k€60k▲
Other amounts receivable41€13k€4k▼
Cash at bank and in hand54/58€90k€91k▲
Deferred charges and accrued income490/1€13k€13k▲
Equity and liabilities
Total equity and liabilities10/49€511k€729k▲
Equity10/15€126k€118k▼
Contributions10/11€18k€18k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Profit (loss) carried forward14€90k€83k▼
Investment grants15€5k€4k▼
Amounts payable17/49€385k€611k▲
Amounts payable after more than one year17€52k€256k▲
Financial debts170/4€52k€256k▲
Amounts payable within one year42/48€290k€355k▲
Current portion of amounts payable after more than one year42€25k€41k▲
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€144k€112k▼
Suppliers440/4€144k€112k▼
Advances received on contracts in progress46€500€65k▲
Taxes, remuneration and social security45€34k€51k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€32k€49k▲
Other amounts payable47/48€62k€60k▼
Accrued charges and deferred income492/3€43k€779▼
Income statement
Code20242025
Remuneration, social security and pensions62€400k€436k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€32k▲
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A€398€111▼
Gross operating margin9900€551k€543k▼
Operating profit (loss)9901€121k€69k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€109k€56k▼
Income taxes67/77€29k€13k▼
Profit (loss) for the period9904€81k€43k▼
Profit (loss) for the period to be appropriated9905€81k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€133k▼
Profit (loss) brought forward from the previous period14P€69k€90k▲
Profit to be distributed694/7€60k€50k▼
Return on contributions (dividend)694€60k€50k▼
Social balance
Average headcount (FTE)90879.89.8=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €81k ▲9.3%
Operating result €121k, net result €81k, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €3k ▼44.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €107k ▲46.8%
2 profitable years in a row build equity to €107k.
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 51 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Aubange · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Longwy - AUBANGE 326790 Aubange1 establishment unit
MRG ELEC sprl
since 20092.175.999.119
Recognitions · licences · registrations
Recognised contractor
2 categoriesMRG ELEC SRL39097
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IVOZ - ELEC
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 8,719 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2009
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
47400Retail sale of information and communication equipment
47430Retail trade
43130Specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
46643Wholesale of electrical equipment, including installation materials
47552Retail sale of lighting equipment
47592Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.