ACTIVE

WELEC

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Financial year 2025 · closed on 31/03/2025

Net result

1,2 M €

+9.3% YoY

Revenue

23,6 M €

+4.9% YoY

Equity

9,5 M €

+14.4% YoY

Workforce

97,5 ETP

+6.6% YoY

What does WELEC do?

WELEC is a Public limited company incorporated in 1991. Its main activity is: Electrical installation. Its registered office is in Westerlo. It employs on average 97,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.800.734

Incorporation

11/04/1991

Legal form

Public limited company

Registered office

Ambachtenstraat 4
2260 Westerlo · FlandreSee on map

Contributed capital

1 900 000,00 €

Latest accounts

31/03/2025

Average workforce

97,5 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 28120Manufacture of fluid power equipment 28120Manufacture of fluid power equipment 29120Manufacture of motor vehicles+12

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	23,6 M €	+4.9%	22,5 M €	+5.9%	21,2 M €	+46.1%	14,5 M €	-20.8%	18,3 M €	-0.3%	18,4 M €	-29.7%	26,2 M €	+56.0%	16,8 M €	-8.8%	18,4 M €	-5.5%	19,4 M €	+10.6%	17,6 M €	-9.1%	19,3 M €	+2.6%	18,8 M €	+2.8%	18,3 M €	+8.0%	17 M €	+0.4%	16,9 M €	+28.6%	13,2 M €
EBITDA	1,9 M €	-1.4%	2 M €	+78.8%	1,1 M €	+118%	504 k €	-36.6%	795,2 k €	-12.9%	913 k €	+48.2%	616,1 k €	+16.2%	530,4 k €	-20.4%	666,1 k €	+118%	305 k €	-66.4%	908,5 k €	+51.1%	601 k €	-31.9%	883,1 k €	-48.4%	1,7 M €	+48.6%	1,2 M €	-16.9%	1,4 M €	+203%	458,3 k €
Operating result	1,6 M €	+4.3%	1,5 M €	+116%	700,6 k €	+2.5%	683,4 k €	+3.9%	657,6 k €	+175%	239,2 k €	+3094%	-8 k €	-106%	130,6 k €	-26.6%	178 k €	+69.1%	105,3 k €	-79.2%	505,7 k €	+64.9%	306,7 k €	-56.1%	699,1 k €	-39.8%	1,2 M €	+21.1%	958,8 k €	-19.4%	1,2 M €	+296%	300,2 k €
Net result	1,2 M €	+9.3%	1,1 M €	+113%	514,3 k €	+7.6%	478,1 k €	+9.1%	438,2 k €	+1021%	39,1 k €	+149%	-79,5 k €	-307%	38,5 k €	-65.0%	110,1 k €	-28.2%	153,2 k €	-40.8%	258,8 k €	+0.4%	257,7 k €	-45.5%	473,2 k €	-40.6%	797,2 k €	+18.3%	673,6 k €	-19.6%	837,4 k €	+265%	229,6 k €
Balance sheet
Equity	9,5 M €	+14.4%	8,3 M €	+15.2%	7,2 M €	+7.7%	6,7 M €	+27.9%	5,3 M €	+9.1%	4,8 M €	+0.8%	4,8 M €	-1.6%	4,9 M €	+0.8%	4,8 M €	+2.3%	4,7 M €	+3.3%	4,6 M €	+6.0%	4,3 M €	+6.3%	4 M €	+13.2%	3,6 M €	+28.7%	2,8 M €	+32.0%	2,1 M €	-3.6%	2,2 M €
Total assets	13,7 M €	+7.7%	12,8 M €	+16.1%	11 M €	+9.6%	10 M €	+7.8%	9,3 M €	+3.6%	9 M €	-1.9%	9,1 M €	+6.0%	8,6 M €	-4.8%	9,1 M €	+1.7%	8,9 M €	-4.6%	9,3 M €	+9.9%	8,5 M €	+7.2%	7,9 M €	+16.0%	6,8 M €	+9.8%	6,2 M €	+1.2%	6,1 M €	+16.7%	5,3 M €
Cash	2,9 M €	+24.4%	2,3 M €	-11.6%	2,6 M €	-16.1%	3,1 M €	-17.1%	3,8 M €	+114%	1,8 M €	+54.3%	1,1 M €	-19.2%	1,4 M €	+24.4%	1,1 M €	+3.9%	1,1 M €	-12.0%	1,2 M €	-21.4%	1,6 M €	+24.9%	1,3 M €	+23.0%	1 M €	-15.0%	1,2 M €	+58.7%	765,6 k €	+27.1%	602,6 k €
Debts	3,9 M €	-2.9%	4,1 M €	+13.6%	3,6 M €	+13.2%	3,2 M €	-5.9%	3,4 M €	-10.2%	3,7 M €	-9.4%	4,1 M €	+10.3%	3,7 M €	-10.0%	4,2 M €	+0.7%	4,1 M €	-1.4%	4,2 M €	+15.7%	3,6 M €	+9.9%	3,3 M €	+5.6%	3,1 M €	-2.6%	3,2 M €	-11.3%	3,6 M €	+17.3%	3,1 M €
Other
Workforce	97,5 ETP	+6.6%	91,5 ETP	+2.6%	89,2 ETP	-0.7%	89,8 ETP	-21.8%	114,8 ETP	-26.5%	156,2 ETP	-8.7%	171,0 ETP	-9.1%	188,1 ETP	-6.7%	201,5 ETP	-2.4%	206,5 ETP	-0.0%	206,6 ETP	+7.0%	193,0 ETP	+3.1%	187,2 ETP	+7.0%	175,0 ETP	-1.1%	177,0 ETP	+3.4%	171,1 ETP	+8.0%	158,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 20 ended

Active mandates

Jef Eyckmans

Director · since 08 mars 2021 · until 08 mars 2027

Active

JEJA

Director · since 08 mars 2021 · until 08 mars 2027 · 0450.945.674

Represented by Jan EYCKMANS

Active

Ended mandates

Jef Eyckmans

Managing director · since 08 mars 2021 · until 08 mars 2027

Ended

JEJA

Managing director · since 08 mars 2021 · until 08 mars 2027 · 0450.945.674

Represented by Jan EYCKMANS

Ended

Jan Eyckmans

Managing director · since 01 avril 2018

Ended

Jef Eyckmans

Managing director · since 01 avril 2018

Ended

At this address

Other companies at this address

Company	CBE no.
WEBE● Active	0832.080.153

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/10/2025	22/10/2024	30/11/2023	30/09/2022	27/09/2021	10/09/2020
General meeting	27/09/2025	28/09/2024	30/09/2023	24/09/2022	25/09/2021	09/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	27/09/2025	01/10/2025	Dutch	PDF
Full model	31/03/2024	28/09/2024	22/10/2024	Dutch	PDF
Full model	31/03/2023	30/09/2023	30/11/2023	Dutch	PDF
Full model	31/03/2022	24/09/2022	30/09/2022	Dutch	PDF
Full model	31/03/2021	25/09/2021	27/09/2021	Dutch	PDF
Full model	31/03/2020	09/09/2020	10/09/2020	Dutch	PDF
Full model	31/03/2019	27/09/2019	22/10/2019	Dutch	PDF
Full model	31/03/2018	24/09/2018	27/09/2018	Dutch	PDF
Full modelCorrection	31/03/2017	02/09/2017	29/11/2017	Dutch	PDF
Full model	31/03/2017	02/09/2017	13/09/2017	Dutch	PDF
Full model	31/03/2016	13/10/2016	28/10/2016	Dutch	PDF
Full model	31/03/2015	30/09/2015	13/10/2015	Dutch	PDF
Full model	31/03/2014	30/09/2014	27/11/2014	Dutch	PDF
Full model	31/03/2013	30/10/2013	03/12/2013	Dutch	PDF
Full model	31/03/2012	22/11/2012	26/11/2012	Dutch	PDF
Full model	31/03/2011	06/08/2011	28/11/2011	Dutch	PDF
Full model	31/03/2010	07/08/2010	04/11/2010	Dutch	PDF
Full model	31/03/2009	01/08/2009	30/09/2009	Dutch	PDF
Full model	31/03/2008	02/08/2008	31/10/2008	Dutch	PDF
Full model	31/03/2007	04/08/2007	22/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 20 ended

Active mandates

Jef Eyckmans

Director · since 08 mars 2021 · until 08 mars 2027

Active

JEJA

Director · since 08 mars 2021 · until 08 mars 2027 · 0450.945.674

Represented by Jan EYCKMANS

Active

Ended mandates

Jef Eyckmans

Managing director · since 08 mars 2021 · until 08 mars 2027

Ended

JEJA

Managing director · since 08 mars 2021 · until 08 mars 2027 · 0450.945.674

Represented by Jan EYCKMANS

Ended

Jan Eyckmans

Managing director · since 01 avril 2018

Ended

Jef Eyckmans

Managing director · since 01 avril 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates05/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2014
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,2 M €↑
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023514,3 k €↑
2022
Annual accounts 2022478,1 k €↑
2019
Annual accounts 2019438,2 k €↑
2018
Annual accounts 201839,1 k €↑
2017
Annual accounts 2017-79,5 k €↓
2016
Annual accounts 201638,5 k €↓
2015
Annual accounts 2015110,1 k €↓
2014
Annual accounts 2014153,2 k €↓
2013
Annual accounts 2013258,8 k €↑
2012
Annual accounts 2012257,7 k €↓
2011
Annual accounts 2011473,2 k €↓
2010
Annual accounts 2010797,2 k €↑
2009
Annual accounts 2009673,6 k €↓
2008
Annual accounts 2008837,4 k €↑
2007
Annual accounts 2007229,6 k €
11/04/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WELEC

Overview

What does WELEC do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline