WELEC
WELEC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.52M and a net result of €1.20M. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 117 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €9.52M |
| Net result | €1.20M |
| Staff (FTE) | 97.5 |
| Better than sector | 87% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.3% | 39.4% | |
| Net result | €1.20M | €22k | |
| Equity | €9.52M | €123k | |
| Staff costs | €6.64M | €217k | |
| Employees (FTE) | 97.5 | 5.1 |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | €23.59M | €22.49M | €21.23M |
| EBITDA | €1.90M | €1.91M | €1.06M |
| Net profit | €1.20M | €1.10M | €514k |
| Cash flow | €1.52M | €1.49M | €870k |
| Staff costs | €6.64M | €5.91M | €5.63M |
| Income taxes | €463k | €458k | €228k |
| Dividends | - | - | - |
| Total assets | €13.74M | €12.76M | €10.99M |
| Equity | €9.52M | €8.32M | €7.23M |
| Debt | €4.09M | €4.31M | €3.63M |
| of which ≤ 1y | €3.95M | €4.07M | €3.55M |
| of which > 1y | - | €0 | €34k |
| Working capital | €8.73M | €7.61M | €6.19M |
| Employees (FTE) | 97.5 | 91.5 | 89.2 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 3.21 | 2.87 | 2.75 |
| Quick ratio | 2.50 | 2.23 | 2.10 |
| Working capital ratio | 63.5% | 59.6% | 56.4% |
| Solvency | 69.3% | 65.2% | 65.8% |
| Debt / equity | 0.43 | 0.52 | 0.50 |
| Long-term debt ratio | - | 0.00 | 0.00 |
| Interest coverage | 142.09 | 229.61 | 85.78 |
| Gross margin | 56.7% | 54.7% | 50.4% |
| Net margin | 5.1% | 4.9% | 2.4% |
| ROA | 8.7% | 8.6% | 4.7% |
| ROE | 12.6% | 13.2% | 7.1% |
| EBITDA margin | 8.1% | 8.5% | 5.0% |
| Days sales outstanding | 80d | 82d | 76d |
| Days payable outstanding | 94d | 104d | 85d |
| Inventory turnover | 3.65 | 3.90 | 4.58 |
| Days inventory (DSI) | 100d | 94d | 80d |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €13.74M | €12.76M | €10.99M |
| Fixed assets | 21/28 | €1.07M | €1.09M | €1.25M |
| Tangible fixed assets | 22/27 | €908k | €928k | €1.09M |
| Financial fixed assets | 28 | €158k | €160k | €161k |
| Current assets | 29/58 | €12.68M | €11.68M | €9.74M |
| Stocks & contracts in progress | 3 | €2.80M | €2.61M | €2.30M |
| Amounts receivable within one year | 40/41 | €5.57M | €5.44M | €4.74M |
| Investments | 50/53 | €1.26M | €1.26M | €16k |
| Cash & bank | 54/58 | €2.89M | €2.32M | €2.63M |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €13.74M | €12.76M | €10.99M |
| Equity | 10/15 | €9.52M | €8.32M | €7.23M |
| Contributions / capital | 10/11 | €1.90M | €1.90M | €1.90M |
| Reserves | 13 | €7.62M | €6.42M | €5.33M |
| Provisions & deferred taxes | 16 | €130k | €130k | €130k |
| Amounts payable | 17/49 | €4.09M | €4.31M | €3.63M |
| Amounts payable after one year | 17 | - | €0 | €34k |
| Amounts payable within one year | 42/48 | €3.95M | €4.07M | €3.55M |
| Trade debts payable within one year | 44 | €2.63M | €2.92M | €2.45M |
| Income statement | ||||
| Turnover | 70 | €23.59M | €22.49M | €21.23M |
| Operating result | 9901 | €1.58M | €1.52M | €701k |
| Financial income | 75 | €107k | €59k | €64k |
| Financial charges | 65 | €25k | €20k | €22k |
| Result before taxes | 9903 | €1.66M | €1.55M | €743k |
| Income taxes | 67/77 | €463k | €458k | €228k |
| Net result for the period | 9904 | €1.20M | €1.10M | €514k |
| Result to be appropriated | 9905 | €1.20M | €1.10M | €514k |
| NACE primary | General electrical installation work(43211) |
| Legal form | Public limited company(014) |
| Incorporation | 11-04-1991 |
| Status | Active |
| Postal code | 2260 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0245/00F002 | Flanders | 5,890 m² | 1 · 3,043 m² | 10.0 m · 3 fl. |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-07-2025 2 directors appointed
- Guy Meerbergen, Commissaris
- Guy Meerbergen, Vaste vertegenwoordiger
Technical details
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"name": "Callens, Vandelanotte \u0026 Theunissen BV",
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"evidence_quote": "Er wordt beslist om Callens, Vandelanotte \u0026 Theunissen BV te benoemen als commissaris voor een periode van 3 jaar tot de Algemene Vergadering die de jaarrekening van 31 maart 2026 goedkeurt.",
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"notary": {
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"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2025-06-20",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "raad_van_bestuur",
"date": "2023-09-30",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0443.800.734",
"name_full": "Welec",
"legal_form": "naamloze vennotoschap"
},
"publication_proxy": {
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"org_name": "Jeja NV",
"person_name": null,
"org_rep_person_name": "Jan Eyckmans",
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},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | WELEC |