RED1ELECTRO
ActiveRED1ELECTRO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €2k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 36384 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
86
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-17
Solvency99▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 5.72 in 2023), and 39.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
86 d late
2022
128 d late
2021
260 d late
2020
220 d late
2019
144 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€95k▲ 1.9%
2023 · €93k
2018: €15k
2019: €24k
2020: €49k
2021: €75k
2022: €88k
2023: €93k
2018 → 2024
Total assets
€156k▲ 38.4%
2023 · €113k
2018: €54k
2019: €34k
2020: €51k
2021: €84k
2022: €100k
2023: €113k
2018 → 2024
Net result
€2k▼ 64.3%
2023 · €5k
2018: €-5k
2019: €4k
2020: €29k
2021: €26k
2022: €13k
2023: €5k
2018 → 2024
Working capital
€84k▼ 9.3%
2023 · €93k
2018: €12k
2019: €21k
2020: €46k
2021: €73k
2022: €87k
2023: €93k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€75k▲ 53.4%€88k▲ 17.4%€93k▲ 5.6%€95k▲ 1.9%
Operating result€25k-€27k▲ 5.0%€14k▼ 48.5%€8k▼ 42.9%€11k▲ 33.7%
Net result€29k-€26k▼ 10.3%€13k▼ 50.2%€5k▼ 62.4%€2k▼ 64.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 34% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156k
Fixed assets
€11k▲ 1,471%
Current assets
€145k▲ 29.4%
Equity and liabilities €156k
Equity
€95k▲ 1.9%
Debt
€61k▲ 212%
The debt ratio rises from 17.4% to 39.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€13k▲
2023 · €9k
Cash flow
€5k▼
2023 · €6k
Solvency
60.8%▼
2023 · 82.6%
Current ratio
2.37▼
2023 · 5.72
Quick ratio
2.37▼
2023 · 5.72
Debt / equity
0.64▲
2023 · 0.21
ROE
1.8%▼
2023 · 5.3%
ROA
1.1%▼
2023 · 4.4%
Interest coverage
4.58
Debt
€61k▲
2023 · €20k
Debt ≤ 1 year
€61k▲
2023 · €20k
Income taxes
€12k▲
2023 · €7k
Staff costs
€106k▲
2023 · €45k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€113k€156k▲
Fixed assets21/28€705€11k▲
Tangible fixed assets22/27€705€11k▲
Plant, machinery and equipment23€705€3k▲
Furniture and vehicles24-€9k
Current assets29/58€112k€145k▲
Amounts receivable within one year40/41€111k€145k▲
Trade receivables40€33k€7k▼
Other amounts receivable41€77k€138k▲
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1-€229
Equity and liabilities
Total equity and liabilities10/49€113k€156k▲
Equity10/15€93k€95k▲
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Other1319€1k€1k=
Profit (loss) carried forward14€73k€75k▲
Amounts payable17/49€20k€61k▲
Amounts payable within one year42/48€20k€61k▲
Financial debts43€5k€4k▼
Credit institutions430/8€5k€4k▼
Trade debts44-€14k
Suppliers440/4-€14k
Taxes, remuneration and social security45€15k€43k▲
Taxes450/3€8k€24k▲
Remuneration and social security454/9€6k€20k▲
Income statement
Code20232024
Non-recurring operating income76A€162-
Remuneration, social security and pensions62€45k€106k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€716€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€56k€121k▲
Operating profit (loss)9901€8k€11k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B-€3k
Recurring financial charges65-€3k
Profit (loss) for the period before taxes9903€12k€14k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€75k▲
Profit (loss) brought forward from the previous period14P€68k€73k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
17-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 260 days late
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 220 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲635%
Net result €29k, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 20.54
Current ratio from 3.12 to 20.54; short-term debt falls from €10k to €2k.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.29 to 3.12; short-term debt falls from €40k to €10k.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 6,983 companies in sector 43221 we hold annual accounts for 3,428. 3,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-1992
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.