Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ELEC-CITY from Brussel, company number BE0802978668, closed financial year 2025 with a result of € -35,195 after tax. For that financial year ELEC-CITY recorded a gross margin of € 1,348 and equity of € -46,958. Compared with financial year 2024, the result moved from € -18,261 to € -35,195. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -46,958
▼ € 35,195 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,195
▼ 93 % more loss than in 2024
Profit after tax over the fiscal year.
€ 532
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -48,458.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 34,078
▲ € 28,288 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,043
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15,119
€ 2,925 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 17,379
▲ 230% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,159
▲ 248% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 7,949 | € -11,370 | € 1,348 | ▲ € 12,719 |
| Profit after taxes | € 4,998 | € -18,261 | € -35,195 | ▼ € 16,934 |
| Equity | € 6,498 | € -11,763 | € -46,958 | ▼ € 35,195 |
| Total debts | € 5,071 | € 27,591 | € 78,528 | ▲ 185% |
| Cash | € 9 | € 728 | € 532 | ▼ 27% |
| Retained profit | € 4,998 | € -13,263 | € -48,458 | ▼ € 35,195 |
| Bank debt | € 0 | € 0 | € 15,119 | |
| Balance sheet total | € 11,569 | € 15,828 | € 31,569 | ▲ 99% |
Key figures of ELEC-CITY, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ELEC-CITY?
What happened at ELEC-CITY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 35,195. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,998 profit in 2023 to € 35,195 loss in 2025.
Paid € 1,683 in corporate taxes since 2023.
Best year ever: 2023, with € 4,998 profit.
Management
Behind ELEC-CITY is Ilias HANNACH.
Directors
According to the 2025 annual accounts
Ilias HANNACH
Director
Establishments
Establishment units
Physical locations of this company
Picardstraat 7 box 100
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →DIAGEO BELGIUM
€ 66.4 million revenue · 2025
Itron Belgium
Belgisch Comite voor UNICEF
€ 370,573 revenue · 2025
Union francophone des Belges à l'Etranger
G4S SECURE SOLUTIONS
€ 187.6 million revenue · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mail.com
Hosting
WIX_COM, IL
Website info
Features
Security
Details
- Company number
- 0802.978.668
- VAT number
- BE 0802.978.668
- Registered office
- Picardstraat 7 bus 100, 1000 Brussel
- Names & denominations
- ELEC-CITY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2023
- Peppol
- Active · Active since 17 Mar 2026
- Activities · NACE
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