SIMPLELEC
ActiveSummary
SIMPLELEC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €28k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+51
Solvency50▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.55 in 2023; short-term debt: 33.8% of total assets), and 75.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.9%
Return on assets
8.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
54 d late
2022
19 d late
2021
32 d early
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€82k▲ 52.4%
2023 · €54k
2018: €-694
2019: €12k
2020: €23k
2021: €64k
2022: €81k
2023: €54k
2018 → 2024
Total assets
€330k▼ 25.1%
2023 · €441k
2018: €27k
2019: €62k
2020: €305k
2021: €368k
2022: €387k
2023: €441k
2018 → 2024
Net result
€28k
2023 · €-27k
2018: €-9k
2019: €7k
2020: €10k
2021: €42k
2022: €17k
2023: €-27k
2018 → 2024
Working capital
€-63k▲ 39.1%
2023 · €-103k
2018: €-7k
2019: €-21k
2020: €-42k
2021: €-51k
2022: €-54k
2023: €-103k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€64k▲ 183%€81k▲ 26.6%€54k▼ 33.7%€82k▲ 52.4%
Operating result€13k-€47k▲ 252%€22k▼ 53.4%€-22k€34k
Net result€10k-€42k▲ 301%€17k▼ 58.9%€-27k€28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €34k after a loss of €22k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €330k
Fixed assets
€281k ▼ 10.3%
Current assets
€49k ▼ 61.5%
Equity and liabilities €330k
Equity
€82k ▲ 52.4%
Debt
€248k ▼ 35.9%
Debt's share of the balance-sheet total falls from 87.8% to 75.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2023 · €12k
Cash flow
€63k▲
2023 · €6k
Current ratio
0.44▼
2023 · 0.55
Debt to equity
3.02▼
2023 · 7.16
ROE
34.4%▲
2023 · -50.7%
ROA
8.6%▲
2023 · -6.2%
Interest coverage
12.86▲
2023 · 2.07
Debt ≤ 1 year
€112k▼
2023 · €230k
Debt > 1 year
€136k▼
2023 · €156k
Income taxes
€446▲
2023 · €305
Staff costs
€4k▼
2023 · €149k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€441k€330k▼
Fixed assets21/28€313k€281k▼
Tangible fixed assets22/27€313k€281k▼
Land and buildings22€297k€270k▼
Plant, machinery and equipment23-€528
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€128k€49k▼
Amounts receivable within one year40/41€126k€49k▼
Trade receivables40€116k€49k▼
Other amounts receivable41€10k-
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€441k€330k▼
Equity10/15€54k€82k▲
Contributions10/11€19k€19k=
Reserves13€63k€63k=
Non-distributable reserves130/1€527€527=
Reserves not available under the articles1311€527€527=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€-27k€875▲
Amounts payable17/49€387k€248k▼
Amounts payable after more than one year17€156k€136k▼
Financial debts170/4€156k€136k▼
Amounts payable within one year42/48€230k€112k▼
Current portion of amounts payable after more than one year42€20k€20k▲
Financial debts43€1k€18k▲
Credit institutions430/8€1k€18k▲
Trade debts44€147k€14k▼
Suppliers440/4€147k€14k▼
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€55k€9k▼
Taxes450/3€12k€9k▼
Remuneration and social security454/9€43k-
Other amounts payable47/48€3k€51k▲
Accrued charges and deferred income492/3€985-
Income statement
Code20232024
Non-recurring operating income76A€667€15k▲
Remuneration, social security and pensions62€149k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€2k€800▼
Gross operating margin9900€167k€76k▼
Operating profit (loss)9901€-22k€34k▲
Financial income75/76B€380-
Recurring financial income75€380-
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-27k€29k▲
Income taxes67/77€305€446▲
Profit (loss) for the period9904€-27k€28k▲
Profit (loss) for the period to be appropriated9905€-27k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€875▲
Profit (loss) brought forward from the previous period14P-€-27k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €42k ▲301%
Operating result €47k, net result €42k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Saint-Ghislain · 1 establishment unit since 2015
Ground area
158 m²
Building footprint
59 m²
Volume, LiDAR
525 m³
Parcel 53070B0597/00T002, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SIMPLELEC
since 20152.244.631.171
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53070B0597/00T002 | Wallonia | 158 m² | 1 · 59 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categorySIMPLELEC SRL39661
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,805 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0486/24.70.65