Active · per the CBE, 30 September 2026

Electro Art

BE0718827111

Rechtspersoon Private limited company 1 establishment

Electro Art is an electrical contractor in Genk. Private Limited, started on 17 January 2019, 1 establishment.

Ceintuurlaan 170, 3600 Genk

Behind the company: Muhammed KÖSE.

Active for

7 year, 8 months

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Late annual account NBB

    Fiscal year 2024 was filed 291 days after the legal deadline.

Financials

Financial year 2024

Electro Art from Genk, company number BE0718827111, closed financial year 2024 with a result of € 38,781 after tax. For that financial year Electro Art recorded a gross margin of € 59,662 and equity of € 170,952. Compared with financial year 2023, the result moved from € 56,021 to € 38,781. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.

What it is worth Growing

€ 170,952

▲ 29% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 38,781

▼ 31% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 14

▼ 99% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 164,752.

People and assets in 2024

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 2,048

▲ € 1,941 vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 2 years to go

€ 26,231

▲ 6% vs 2023

€ 10,977 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 6,264

▼ 78% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 52,487

▲ 42% vs 2023

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
2021202220232024Change 2023 → 2024
Gross margin € 50,491 € 17,719 € 76,059 € 59,662 ▼ 22%
Profit after taxes € 39,821 € 11,198 € 56,021 € 38,781 ▼ 31%
Equity € 64,952 € 76,150 € 132,171 € 170,952 ▲ 29%
Total debts € 12,125 € 61,877 € 90,354 € 88,981 ▼ 2%
Cash € 8,231 € 1 € 1,382 € 14 ▼ 99%
Land & buildings € 102 € 51 - -
Retained profit € 58,752 € 69,950 € 125,971 € 164,752 ▲ 31%
Bank debt € 0 € 28,977 € 24,706 € 26,231 ▲ 6%
Balance sheet total € 77,077 € 138,027 € 222,525 € 259,933 ▲ 17%

Key figures of Electro Art, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to Electro Art?

What happened at Electro Art in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2024: profit of € 38,781 (▼ 31% vs 2023). filed late Source: NBB ↗
  • Ahmet KÖSE stepped down as director. NBB
  • New establishment in Genk. KBO
  • Muhammed KÖSE became a director. NBB
  • Ahmet KÖSE became a director. NBB
  • Start of the company according to the CBE. KBO

In short

From € 39,821 profit in 2021 to € 38,781 profit in 2024.

Paid € 56,118 in corporate taxes since 2021.

Best year ever: 2023, with € 56,021 profit.

Management

Muhammed KÖSE
Electro Art

Behind Electro Art is Muhammed KÖSE.

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Directors

According to the 2024 annual accounts

Muhammed KÖSE

Director

since 2019

Ahmet KÖSE

Director

Also active at: EKP GROUP, MASTECH

since 2019 · until 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Ceintuurlaan 170

3600 Genk

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0718.827.111
VAT number
BE 0718.827.111
Registered office
Ceintuurlaan 170, 3600 Genk
Names & denominations
Electro Art
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
17 January 2019
Peppol
Active · Active since 31 Oct 2023
Activities · NACE

Algemene elektrotechnische installatiewerken

Elektrotechnische installatiewerken van nijverheidsinrichtingen

Frequently asked questions

What does Electro Art do?
Electro Art is an electrical contractor in Genk. Private Limited, started on 17 January 2019, 1 establishment.
What is the address of Electro Art?
The registered office of Electro Art is located at Ceintuurlaan 170, 3600 Genk.
Is Electro Art still active?
Yes. According to the CBE (30 September 2026) Electro Art is active, legal situation “Normale toestand”, started on 17 January 2019.
Is Electro Art registered on Peppol?
Yes, Electro Art is registered on the Peppol network with ID 0208:0718827111.
What is the enterprise number of Electro Art?
The enterprise number of Electro Art is BE0718827111.
When was Electro Art founded?
Electro Art was founded on 17 January 2019.