INGELEC
ActiveINGELEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.07M and a net result of €-137k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 275 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-56
Solvency88▼-12
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 4.72 in 2024), but 59.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
40.9%
Return on assets
-5.3%
Age of the figures
8 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
36 d early
2023
35 d early
2022
26 d early
2021
13 d early
2020
22 d early
2019
15 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-137k
2024 · €180k
2018: €229k
2019: €-8k
2020: €84k
2021: €129k
2022: €780k
2023: €1.08M
2024: €180k
2018 → 2025
Working capital
€1.53M▼ 20.8%
2024 · €1.93M
2018: €1.38M
2019: €1.31M
2020: €1.43M
2021: €1.13M
2022: €1.49M
2023: €1.78M
2024: €1.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€740k-€969k▲ 31.0%€1.42M▲ 46.7%€1.60M▲ 12.6%€1.07M▼ 33.5%
Operating result€147k-€854k▲ 482%€1.26M▲ 47.0%€224k▼ 82.1%€-147k
Net result€129k-€780k▲ 504%€1.08M▲ 38.8%€180k▼ 83.4%€-137k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €147k after €224k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.60M
Fixed assets
€121k▲ 45.0%
Current assets
€2.48M▲ 1.5%
Equity and liabilities €2.60M
Equity
€1.07M▼ 33.5%
Provisions
€304k▲ 2.9%
Debt
€1.23M▲ 95.8%
The debt ratio rises from 24.9% to 47.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-111k▼
2024 · €262k
Cash flow
€-101k▼
2024 · €217k
Solvency
40.9%▼
2024 · 63.4%
Current ratio
2.60▼
2024 · 4.72
Quick ratio
1.83▼
2024 · 2.76
Debt / equity
1.16▲
2024 · 0.39
ROE
-12.8%▼
2024 · 11.2%
ROA
-5.3%▼
2024 · 7.1%
Interest coverage
-11.48▼
2024 · 34.83
Debt
€1.23M▲
2024 · €629k
Debt ≤ 1 year
€955k▲
2024 · €517k
Debt > 1 year
€8k▲
2024 · €0
Income taxes
€0▼
2024 · €64k
Staff costs
€1.10M▼
2024 · €1.12M
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€2.53M€2.60M▲
Fixed assets21/28€84k€121k▲
Intangible fixed assets21-€9k
Tangible fixed assets22/27€82k€112k▲
Land and buildings22€31k€23k▼
Plant, machinery and equipment23€39k€30k▼
Furniture and vehicles24€13k€59k▲
Financial fixed assets28€1k€285▼
Current assets29/58€2.44M€2.48M▲
Stocks and contracts in progress3€1.02M€736k▼
Stocks30/36€735k€580k▼
Contracts in progress37€281k€156k▼
Amounts receivable within one year40/41€829k€1.49M▲
Trade receivables40€580k€1.16M▲
Other amounts receivable41€249k€325k▲
Cash at bank and in hand54/58€583k€208k▼
Deferred charges and accrued income490/1€15k€51k▲
Equity and liabilities
Total equity and liabilities10/49€2.53M€2.60M▲
Equity10/15€1.60M€1.07M▼
Contributions10/11€19k€19k=
Reserves13€586k€586k=
Tax-exempt reserves132€231€231=
Distributable reserves133€586k€586k=
Profit (loss) carried forward14€997k€460k▼
Investment grants15€0-
Provisions and deferred taxes16€296k€304k▲
Provisions for liabilities and charges160/5€296k€304k▲
Other liabilities and charges164/5€296k€304k▲
Amounts payable17/49€629k€1.23M▲
Amounts payable after more than one year17€0€8k▲
Financial debts170/4€0€8k▲
Amounts payable within one year42/48€517k€955k▲
Current portion of amounts payable after more than one year42€10k€6k▼
Financial debts43€29k€29k▼
Credit institutions430/8€29k€29k▼
Trade debts44€352k€337k▼
Suppliers440/4€324k€332k▲
Bills of exchange payable441€28k€5k▼
Advances received on contracts in progress46€10k€14k▲
Taxes, remuneration and social security45€115k€164k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€112k€157k▲
Other amounts payable47/48€809€405k▲
Accrued charges and deferred income492/3€112k€269k▲
Income statement
Code20242025
Non-recurring operating income76A€9k€8k▼
Remuneration, social security and pensions62€1.12M€1.10M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€35k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Provisions for liabilities and charges: additions (uses and reversals)635/8€3k€9k▲
Other operating charges640/8€12k€12k▼
Non-recurring operating charges66A€33k€18k▼
Gross operating margin9900€1.43M€1.04M▼
Operating profit (loss)9901€224k€-147k▼
Financial income75/76B€27k€20k▼
Recurring financial income75€27k€20k▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Non-recurring financial charges66B-€738
Profit (loss) for the period before taxes9903€244k€-137k▼
Income taxes67/77€64k€0▼
Profit (loss) for the period9904€180k€-137k▼
Profit (loss) for the period to be appropriated9905€180k€-137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€997k€860k▼
Profit (loss) brought forward from the previous period14P€817k€997k▲
Transfer from equity791/2€0-
Profit to be distributed694/7€0€400k▲
Return on contributions (dividend)694€0€400k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908717.716.9▼
The notes to these accounts (27 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
04-08
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Permanent representative11 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Permanent representative11 facts ▸
- Board meeting, 08/07/2026
- Director appointment, Leapfrogs SComm (personne chargée de la gestion journalière)
- Director appointment, Jumicon SRL (personne chargée de la gestion journalière)
- Permanent representative, Peter van Praet
- Permanent representative, Francis Delabie
- Mandate compensation, Leapfrogs SComm
- Mandate compensation, Jumicon SRL
- Power of attorney, Leapfrogs SComm
- Power of attorney, Jumicon SRL
- Mandate term, valable aussi longtemps que nommées comme personnes chargées de la gestion journalière
- Mandate term, valable aussi longtemps que nommées comme personnes chargées de la gestion journalière
2025
31-12
Financial
Weakest financial yearnet €-137k ▼176%
Net result drops to €-137k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.08M ▲38.8%
Operating result €1.26M, net result €1.08M, both a record.
31-12
Financial
Equity above €1MEq €1.42M ▲46.7%
4 profitable years in a row build equity to €1.42M.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Jumicon
CurrentPersonne chargée de la gestion journalière · since 06-07-2026 · Private limited company · perm. rep.: Francis Delabie
Leapfrogs
CurrentPersonne chargée de la gestion journalière · since 06-07-2026 · Limited partnership · perm. rep.: Peter van Praet
06-07-2026
Jumicon: Appointed as Personne chargée de la gestion journalière
06-07-2026
Leapfrogs: Appointed as Personne chargée de la gestion journalière
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2013
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.
Gustave Fachedreef(L) 177700 MouscronGround area
3,402 m²
Building footprint
548 m²
Parcel 54006N0197/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
INGELEC
since 20132.219.223.507
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006N0197/00K000 | Wallonia | 3,402 m² | 1 · 548 m² | - |
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.
Structure & network
Connections & network
6 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Show 2 more network connections
Shared corporate director
→
Shared corporate director
→
Similar companies · same sector, comparable size
SOLAERCO ANTWERPEN
BE 0839.343.077
Gent · Eq €1.04M
UZE
BE 0771.565.912
Mortsel · Eq €1.13M
Solarco
BE 0688.872.125
Deinze · Eq €1.19M
LES MOULINS DU HAUT-PAYS
BE 0821.754.504
Dour · Eq €1.21M
Parc Eolien de Leuze-en-Hainaut
BE 0899.814.263
Leuze-en-Hainaut · Eq €1.23M
Of 558 companies in sector 35150 we hold annual accounts for 225. 123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2008
Fiscal year end31-12
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
43211General electrical installation work
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.