WELEC
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
WELEC has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €11.0m and a net result of €1.5m. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 60% of 58 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 11-04-1991 Normal situation
- Legal form
- Public limited company
- Registered office
- Ambachtenstraat 4, 2260 Westerlo
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.052.450.516 2260 Westerlo, since 22-04-1991
- Financial year end
- 31 March
- Peppol
- Reachable since 14-11-2024
Who decides
Board
- Eyckmans JefDirector · since 08-03-2021
- JEJA NVDirector · since 08-03-2021
- Auditor
- Callens, Vandelanotte & Theunissen BV
Shareholders
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 31-03-2026
- Turnover
- €29.8m
- ▲ 26.3%
- Profit
- €1.5m
- ▲ 21.1%
- Equity
- €11.0m
- ▲ 15.3%
- Total assets
- €17.8m
- ▲ 29.6%
- Staff
- 98.8 FTE
- ▲ 1.3%
2026 accounts 12 days early
Filed on 19-10-2026at the National Bank
Why 98lowers riskLiquidity: current ratio 2.80, cash €6.5mFounded in 1991Size: turnover €29.8m, 98.8 FTE, total assets €17.8mEquity €11.0m (61.6% of total assets)Show the evidence
Checked score
Score 2026
98
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 81% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2025
Strong
Solvency
87-7
equity 61.6% of total assets
Liquidity
81+16
short-term debt 33.7% · cash 36.7%
Profitability
69-2
return on assets 8.2%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.8, compared with 3.21 in 2025, above the usual 1.5; short-term debt: 33.7% and cash: 36.7% of total assets), and 38.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized): better than 86% on solvency, 99% on liquidity, 62% on profitability and 79% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 19-10-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
12 days early
2025
30 days early
2024
9 days early
2023
30 days late
2022
31 days early
2021
34 days early
2020
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 19 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-03-2027 year end31-10-2027 deadline
Financials · financial year 2026, full format
In the rankings
#1 employer in Westerlo, Construction sector#1 company by total assets in Westerlo, Construction sector#1 company by equity in Westerlo, Construction sector
Latest annual accounts filed
Annual accounts 2026
- Financial year ended
- 31-03-2026
- Filed on
- 19-10-2026
- Format
- full format
- Reference
- 2026-00568375
Turnover
€29.8m▲ 26.3%
2025 · €23.6m
EBIT margin
6.5%▼ 0.2pp
2025 · 6.7%
Net result
€1.5m▲ 21.1%
2025 · €1.2m
Working capital
€10.8m▲ 23.7%
2025 · €8.7m
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 7 financial years
The operating result has risen four years in a row; 2026 is 23% above 2025 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€29.8m
2026
Operating result€1.9m
2026
Net result€1.5m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€17.8m
2026
Equity€11.0m
2026
Debt€6.1m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€10.8m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin6.5%
2026
Return on assets (ROA)8.2%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency61.6%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.80
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)98.8
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202120222023202420252026
Turnover€18.3m-€13.9m-€14.5m▲ 4.8%€21.2m▲ 46.1%€22.5m▲ 5.9%€23.6m▲ 4.9%€29.8m▲ 26.3%
Operating result€0.7m-€0.7m-€0.7m▼ 1.9%€0.7m▲ 2.5%€1.5m▲ 116%€1.6m▲ 4.3%€1.9m▲ 23.3%
Net result€0.4m-€0.5mabove the sector's middle half-€0.5mabove the sector's middle half▼ 1.6%€0.5mabove the sector's middle half▲ 7.6%€1.1mabove the sector's middle half▲ 113%€1.2mabove the sector's middle half▲ 9.3%€1.5m▲ 21.1%
EBIT margin3.6%-5.0%-4.7%▼ 0.3pp3.3%▼ 1.4pp6.7%▲ 3.4pp6.7%=6.5%▼ 0.2pp
Equity€5.3m-€6.2mabove the sector's middle half-€6.7mabove the sector's middle half▲ 7.7%€7.2mabove the sector's middle half▲ 7.7%€8.3mabove the sector's middle half▲ 15.2%€9.5mabove the sector's middle half▲ 14.4%€11.0m▲ 15.3%
Total assets€9.3m-€10.1mabove the sector's middle half-€10.0mabove the sector's middle half▼ 0.7%€11.0mabove the sector's middle half▲ 9.6%€12.8mabove the sector's middle half▲ 16.1%€13.7mabove the sector's middle half▲ 7.7%€17.8m▲ 29.6%
Debt€3.5m-€3.2m-€3.2m▼ 0.7%€3.6m▲ 13.1%€4.3m▲ 18.6%€4.1m▼ 5.1%€6.1m▲ 48.3%
Working capital€4.9m-€5.7mabove the sector's middle half-€5.7mabove the sector's middle half▲ 1.0%€6.2mabove the sector's middle half▲ 8.5%€7.6mabove the sector's middle half▲ 22.8%€8.7mabove the sector's middle half▲ 14.7%€10.8m▲ 23.7%
Solvency56.5%-61.7%above the sector's middle half-67.0%above the sector's middle half▲ 5.2pp65.8%above the sector's middle half▼ 1.2pp65.2%above the sector's middle half▼ 0.5pp69.3%above the sector's middle half▲ 4.1pp61.6%▼ 7.7pp
Current ratio2.47-2.82above the sector's middle half-2.85above the sector's middle half▲ 0.032.75above the sector's middle half▼ 0.112.87above the sector's middle half▲ 0.123.21above the sector's middle half▲ 0.342.80▼ 0.41
Return on assets (ROA)4.7%-4.8%within the sector's middle half-4.8%within the sector's middle half=4.7%within the sector's middle half▼ 0.1pp8.6%within the sector's middle half▲ 3.9pp8.7%within the sector's middle half▲ 0.1pp8.2%▼ 0.6pp
Staff (FTE)114.8-94.2above the sector's middle half-89.8above the sector's middle half▼ 4.7%89.2above the sector's middle half▼ 0.7%91.5above the sector's middle half▲ 2.6%97.5above the sector's middle half▲ 6.6%98.8▲ 1.3%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €17.8m
Fixed assets
€1.0m ▼ 4.4%
Current assets
€16.8m ▲ 32.5%
Equity and liabilities €17.8m
Equity
€11.0m ▲ 15.3%
Provisions
€774,236 ▲ 498%
Debt
€6.1m ▲ 48.3%
Debt's share of the balance-sheet total rises from 29.8% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.2m▲
2025 · €1.9m
Cash flow
€1.7m▲
2025 · €1.5m
Quick ratio
2.37▼
2025 · 2.50
Debt to equity
0.55▲
2025 · 0.43
ROE
13.2%▲
2025 · 12.6%
Interest coverage
82.01▼
2025 · over 100
Debt ≤ 1 year
€6.0m▲
2025 · €3.9m
Income taxes
€550,604▲
2025 · €463,286
Staff costs
€7.1m▲
2025 · €6.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,579 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.7% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.2%
stopped otherwise
96.7%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,579 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €15.7m | €21.7m | €23.1m | €24.2m | €29.9m | ▲ 23.5% |
| Turnover70 | €18.3m | €13.9m | €14.5m | €21.2m | €22.5m | €23.6m | €29.8m | ▲ 26.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €0.8m | €0.1m | €0.3m | €0.2m | -€0.2m | - |
| Other operating income74 | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 20.0% |
| Non-recurring operating income76A | - | - | €0.001m | €0 | - | - | - | - |
| Operating charges60/66A | - | - | €15.0m | €21.0m | €21.6m | €22.6m | €28.0m | ▲ 23.5% |
| Goods for resale, raw materials and consumables60 | - | - | €6.4m | €10.5m | €10.2m | €10.2m | €13.1m | ▲ 28.5% |
| Purchases600/8 | - | - | €6.4m | €10.8m | €10.3m | €10.2m | €13.2m | ▲ 29.7% |
| Change in stocks: decrease (increase)609 | - | - | -€0.04m | -€0.3m | -€0.1m | €0.007m | -€0.1m | - |
| Services and other goods61 | - | - | €3.4m | €4.4m | €5.0m | €5.4m | €6.5m | ▲ 21.2% |
| Remuneration, social security and pensions62 | - | - | €5.4m | €5.6m | €5.9m | €6.6m | €7.1m | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.006m | €0.01m | €0.05m | €0.03m | €0.2m | ▲ 568% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€0.5m | €0.03m | €0 | - | €0.6m | - |
| Other operating charges640/8 | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 9.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Operating profit (loss)9901 | €0.7m | €0.7m | €0.7m | €0.7m | €1.5m | €1.6m | €1.9m | ▲ 23.3% |
| Financial income75/76B | - | - | €0.04m | €0.06m | €0.06m | €0.1m | €0.09m | ▼ 15.6% |
| Recurring financial income75 | €0.02m | €0.02m | €0.04m | €0.06m | €0.06m | €0.1m | €0.09m | ▼ 15.6% |
| Income from current assets751 | - | - | €0.001m | €0.001m | €0.001m | €0.06m | €0.04m | ▼ 39.0% |
| Other financial income752/9 | - | - | €0.04m | €0.06m | €0.06m | €0.05m | €0.05m | ▲ 13.0% |
| Financial charges65/66B | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 44.0% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 44.0% |
| Debt charges650 | - | €0.02m | €0.02m | €0.01m | €0.008m | €0.01m | €0.03m | ▲ 104% |
| Other financial charges652/9 | - | - | €0.008m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €0.7m | €0.7m | €0.7m | €0.7m | €1.6m | €1.7m | €2.0m | ▲ 20.5% |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.6m | ▲ 18.8% |
| Taxes670/3 | - | - | €0.2m | €0.2m | €0.5m | €0.5m | €0.6m | ▲ 18.8% |
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.5m | €0.5m | €1.1m | €1.2m | €1.5m | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.5m | €0.5m | €0.5m | €1.1m | €1.2m | €1.5m | ▲ 21.1% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €9.3m | €10.1m | €10.0m | €11.0m | €12.8m | €13.7m | €17.8m | ▲ 29.6% |
| Fixed assets21/28 | €1.0m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.4% |
| Tangible fixed assets22/27 | €0.8m | €1.2m | €1.1m | €1.1m | €0.9m | €0.9m | €0.9m | ▼ 5.0% |
| Land and buildings22 | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 11.6% |
| Plant, machinery and equipment23 | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 36.9% |
| Furniture and vehicles24 | - | - | €0.6m | €0.6m | €0.4m | €0.5m | €0.5m | ▲ 12.1% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Other financial fixed assets284/8 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Amounts receivable and cash guarantees285/8 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Current assets29/58 | €8.3m | €8.8m | €8.8m | €9.7m | €11.7m | €12.7m | €16.8m | ▲ 32.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.1m | €0.03m | ▼ 74.4% |
| Other amounts receivable291 | - | - | - | - | - | €0.1m | €0.03m | ▼ 74.4% |
| Stocks and contracts in progress3 | €0.4m | €0.6m | €2.0m | €2.3m | €2.6m | €2.8m | €2.6m | ▼ 6.9% |
| Stocks30/36 | - | - | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 3.5% |
| Goods purchased for resale34 | - | - | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 3.5% |
| Contracts in progress37 | - | - | €1.3m | €1.4m | €1.7m | €1.9m | €1.7m | ▼ 11.9% |
| Amounts receivable within one year40/41 | €3.5m | €3.6m | €3.6m | €4.7m | €5.4m | €5.6m | €6.2m | ▲ 12.1% |
| Trade receivables40 | - | - | €2.9m | €4.4m | €5.1m | €5.2m | €5.6m | ▲ 8.6% |
| Other amounts receivable41 | - | - | €0.7m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 55.6% |
| Current investments50/53 | €0.02m | €0.02m | €0.02m | €0.02m | €1.3m | €1.3m | €1.3m | = |
| Other investments51/53 | - | - | €0.02m | €0.02m | €1.3m | €1.3m | €1.3m | = |
| Cash at bank and in hand54/58 | €3.8m | €4.0m | €3.1m | €2.6m | €2.3m | €2.9m | €6.5m | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | €0.04m | €0.05m | €0.04m | €0.04m | €0.1m | ▲ 247% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €9.3m | €10.1m | €10.0m | €11.0m | €12.8m | €13.7m | €17.8m | ▲ 29.6% |
| Equity10/15 | €5.3m | €6.2m | €6.7m | €7.2m | €8.3m | €9.5m | €11.0m | ▲ 15.3% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Capital10 | - | - | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Issued capital100 | - | - | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €3.4m | €4.3m | €4.8m | €5.3m | €6.4m | €7.6m | €9.1m | ▲ 19.1% |
| Non-distributable reserves130/1 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | €4.6m | €5.1m | €6.2m | €7.4m | €8.9m | ▲ 19.5% |
| Provisions and deferred taxes16 | €0.6m | €0.6m | €0.1m | €0.1m | €0.1m | €0.1m | €0.8m | ▲ 498% |
| Provisions for liabilities and charges160/5 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.8m | ▲ 498% |
| Other liabilities and charges164/5 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.8m | ▲ 498% |
| Amounts payable17/49 | €3.5m | €3.2m | €3.2m | €3.6m | €4.3m | €4.1m | €6.1m | ▲ 48.3% |
| Amounts payable after more than one year17 | - | €0.1m | €0.08m | €0.03m | €0 | - | - | - |
| Financial debts170/4 | - | - | €0.08m | €0.03m | €0 | - | - | - |
| Credit institutions173 | - | - | €0.08m | €0.03m | €0 | - | - | - |
| Amounts payable within one year42/48 | €3.4m | €3.1m | €3.1m | €3.5m | €4.1m | €3.9m | €6.0m | ▲ 52.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.04m | €0.04m | €0.03m | €0 | - | - |
| Trade debts44 | €2.5m | €2.1m | €2.2m | €2.5m | €2.9m | €2.6m | €4.4m | ▲ 66.9% |
| Suppliers440/4 | - | - | €2.2m | €2.5m | €2.9m | €2.6m | €4.4m | ▲ 66.9% |
| Advances received on contracts in progress46 | - | - | €0 | - | - | €0.1m | €0.5m | ▲ 309% |
| Taxes, remuneration and social security45 | - | - | €0.9m | €1.0m | €1.1m | €1.2m | €1.1m | ▼ 9.5% |
| Taxes450/3 | - | - | €0.05m | €0.1m | €0.2m | €0.08m | €0.03m | ▼ 63.9% |
| Remuneration and social security454/9 | - | - | €0.8m | €0.9m | €0.9m | €1.1m | €1.0m | ▼ 5.5% |
| Other amounts payable47/48 | - | - | €0.001m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.05m | €0.05m | €0.2m | €0.1m | €0.06m | ▼ 54.8% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.5m | €0.5m | €1.1m | €1.2m | €1.5m | ▲ 21.1% |
| + Depreciation and write-downs630 | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 8.9% |
| Operating cash flow (approximation) | €0.6m | €0.8m | €0.8m | €0.9m | €1.5m | €1.5m | €1.7m | ▲ 14.7% |
| Investment in fixed assets (approximation) | - | - | -€0.2m | -€0.4m | -€0.2m | -€0.3m | -€0.2m | ▲ 17.9% |
| Change in cash | - | - | -€0.9m | -€0.5m | -€0.3m | €0.6m | €3.6m | ▲ 542% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 19-10-2026 | 2026-00568375 | NBB |
| 31-03-2025 | full format | 01-10-2025 | 2025-00525939 | |
| 31-03-2024 | full format | 22-10-2024 | 2024-00513448 | |
| 31-03-2023 | full format | 30-11-2023 | 2023-00520513 | |
| 31-03-2022 | full format | 30-09-2022 | 2022-20450105 | |
| 31-03-2021 | full format | 27-09-2021 | 2021-68500060 | |
| 31-03-2020 | full format | 10-09-2020 | 2020-52200521 | |
| 31-03-2019 | full format | 22-10-2019 | 2019-71100395 | |
| 31-03-2018 | full format | 27-09-2018 | 2018-66200257 | |
| 31-03-2017 | full format | 13-09-2017 | 2017-60800241 |
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Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €36,804 awarded · €37,614 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €6,653 | €6,742 |
| 2024 | 3 | €9,474 | €9,389 |
| 2023 | 2 | €13,310 | €14,263 |
| 2022 | 2 | €7,367 | €7,220 |
Public contracts
6 awards · 2018 to 2026
Onderhoud middenspanningscabines: 20240058 - 1 - Onderhoud en herstelling van middenspanningscabines regio Oost + Midoost
Uitvoeren van interventies en elektrische onderhoudswerken op middenspanningsinstallaties: Oost
Werken in en rond cabines: Cabinewerken regio Kempen
Werken in en rond cabines: Cabinewerken regio Mechelen
Aansluitingen en pakketwerk: SYN22W011-AGO - P1 Regio Kempen
Show 1 more contract
Accord-cadre: assemblage des armoires électriques
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
2 directors
Board 2
Eyckmans Jef
Current
JEJA NV
Current
Statutory auditor 1
Callens, Vandelanotte & Theunissen BV
Current
Statutory auditor · appointed in the act of 07-07-2025 · permanent representative: Guy Meerbergen
Mandate history
3 people, 3 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Eyckmans Jef |
|
| JEJA NV |
|
| Callens, Vandelanotte & Theunissen BV |
|
Owners and capital
Owners
1 ownerChain of control
- JEJA
- WELEC
Owners 1
- JEJAparentSourceaccounts JEJA 30-06-202594.44%
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
19-10
financial year 2026 · full format
31-03
Financial
Highest result from 2019 to 2026net €1.5m ▲21.1%
Operating result €1.9m, net result €1.5m, both a record.
31-03
Financial
Equity above €10mequity €11.0m ▲15.3%
A profit in every financial year since 2019 builds equity to €11.0m.
2025
01-10
financial year 2025 · full format
07-07
Gazette deed
Reappointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)Permanent representative: Guy Meerbergen3 facts ▸
Gazette deed
Reappointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)
Permanent representative: Guy Meerbergen3 facts ▸
- Board meeting, 30-09-2023
- Auditor reappointment, Callens, Vandelanotte & Theunissen BV (statutory auditor)
- Permanent representative, Guy Meerbergen
2024
22-10
financial year 2024 · full format
2023
30-11
financial year 2023 · full format · 30 days late
2022
30-09
financial year 2022 · full format
2021
27-09
financial year 2021 · full format
2020
10-09
financial year 2020 · full format
2019
22-10
financial year 2019 · full format
2018
27-09
financial year 2018 · full format
2017
13-09
financial year 2017 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
WELEC in Dutch
Enterprise number
0443.800.734
Legal form
Public limited company
Status
Active, normale toestand
Founded
11-04-1991
Type
Legal entity
Where it is based
Registered office
Ambachtenstraat 4, 2260 Westerlo, Belgium
Establishments
1 establishment unit since 1991
What it does
NACEBEL 202543211
General electrical installation work main activity
28120
Manufacture of machinery and equipment not elsewhere classified
36000
Water collection, treatment and supply
38330
Waste collection, recovery and disposal activities
42110
Construction of roads and motorways
42220
Construction of utility projects for electricity and telecommunications
Invoicing and payment
VAT number
BE 0443.800.734
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0443.800.734
Financial year and general meeting
Accounts at the NBBFinancial year end
31-03
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Recognised contractor
6 categoriesWELEC NVapproval no. 21014
- C2 Water supply and laying all kinds of pipesclass 3, up to €600,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 8, no upper limit
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 6, up to €3,870,000
- P3 Overhead power linesclass 6, up to €3,870,000
- S1 Public telephone and telegraph equipmentclass 6, up to €3,870,000
- V Water treatment installationsclass 5, up to €2,172,000
Dual-learning approval
4 live approvals · 6 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Show 6 ended approvals
Elektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Industrieel elektrotechnisch installateur (so)
Installateur elektrotechnische basiscomponenten duaal (so)
Licences in the Official Gazette
2 publications · 2 kindsSecurity firm approval (alarm systems)
Security firm approval (camera systems)
Environmental permits
2 applications in Flanders since 2019 · 2 granted
Verwijderen van vrijstaande gebouwen
Slopen of verwijderen; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Registered office and establishments
1 establishment unit
WELEC NV
since 1991unit no. 2.052.450.516
Buildings and parcels at the address
Ground area
5,890 m²
Building footprint
3,043 m²
Building volume
23,913 m³
Parcel 13049B0245/00F002, Flanders · tallest building 10.0 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13049B0245/00F002 | Flanders | 5,890 m² | 1 · 3,043 m² | 10.0 m · 3 |