Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
GG ELEC from Sint-Pieters-Leeuw, company number BE0895121839, closed financial year 2024 with a result of € 137 after tax. For that financial year GG ELEC recorded a gross margin of € 136,363 and equity of € 122,159. Compared with financial year 2023, the result moved from € 31,080 to € 137. 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 August 29, 2025.
€ 122,159
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 137
▼ € 30,943 vs 2023
Profit after tax over the fiscal year.
€ 19,724
▼ 80% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 108,759.
People and assets in 2024
€ 112,943
▼ 6% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 48,954
▲ 112% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 34,785
€ 7,868 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 109,107
▼ 29% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 34,139
▼ 35% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 68,090 | € 109,095 | € 177,203 | € 136,363 | ▼ 23% |
| Profit after taxes | € 17,711 | € 25,706 | € 31,080 | € 137 | ▼ € 30,943 |
| Equity | € 65,236 | € 90,942 | € 122,022 | € 122,159 | |
| Total debts | € 75,726 | € 79,707 | € 211,836 | € 190,993 | ▼ 10% |
| Cash | € 6,251 | € 22,705 | € 99,016 | € 19,724 | ▼ 80% |
| Retained profit | € 51,836 | € 77,542 | € 108,622 | € 108,759 | |
| Bank debt | € 0 | € 0 | € 0 | € 34,785 | |
| Balance sheet total | € 140,962 | € 170,649 | € 333,858 | € 313,152 | ▼ 6% |
Key figures of GG ELEC, 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 GG ELEC?
What happened at GG ELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 137 (▼ € 30,943 vs 2023). filed late Source: NBB ↗
- MS Construct Benelux BV became a director. NBB
- Iulian CIUCASEL stepped down as director. NBB
- Iulian CIUCASEL became a director. NBB
- New establishment in Sint-Pieters-Leeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,711 profit in 2021 to € 137 profit in 2024.
Paid € 33,005 in corporate taxes since 2021.
Best year ever: 2023, with € 31,080 profit.
A new publication or filing at GG ELEC? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GG ELEC is MS Construct Benelux BV.
Directors
According to the 2024 annual accounts
Director · represented by Maurizio Terrazzino
since 2025
Iulian CIUCASEL
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Groot-Bijgaardenstraat 67
1600 Sint-Pieters-Leeuw
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.121.839
- VAT number
- BE 0895.121.839
- Registered office
- Groot-Bijgaardenstraat 67, 1600 Sint-Pieters-Leeuw
- Names & denominations
- GG ELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2008
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Restaureren van bouwwerken
Algemene elektrotechnische installatiewerken
Overige gespecialiseerde bouwactiviteiten, neg
Algemene bouw van residentiële gebouwen