ACTIVE

WELEC

Export PDF

Financial year 2026 · Closed on 31/03/2026

Net result1,5 M €+21,1 %over 1 year

Revenue29,8 M €+26,3 %over 1 year

Equity11 M €+15,3 %over 1 year

Workforce98,8 ETP+1,3 %over 1 year

Identity

Source · BCE/KBO

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 98,8 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: 31/03/2026
Average workforce: 98,8 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

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	29,8 M €	+26.3%	23,6 M €	+4.9%	22,5 M €	+5.9%	21,2 M €	+46.1%	14,5 M €
EBITDA	3,1 M €	+59.2%	1,9 M €	-1.4%	2 M €	+78.8%	1,1 M €	+118%	504 k €
Operating result	1,9 M €	+23.3%	1,6 M €	+4.3%	1,5 M €	+116%	700,6 k €	+2.5%	683,4 k €
Net result	1,5 M €	+21.1%	1,2 M €	+9.3%	1,1 M €	+113%	514,3 k €	+7.6%	478,1 k €
Balance sheet
Equity	11 M €	+15.3%	9,5 M €	+14.4%	8,3 M €	+15.2%	7,2 M €	+7.7%	6,7 M €
Total assets	17,8 M €	+29.6%	13,7 M €	+7.7%	12,8 M €	+16.1%	11 M €	+9.6%	10 M €
Cash	6,5 M €	+126%	2,9 M €	+24.4%	2,3 M €	-11.6%	2,6 M €	-16.1%	3,1 M €
Debts	6 M €	+52.0%	3,9 M €	-2.9%	4,1 M €	+13.6%	3,6 M €	+13.2%	3,2 M €
Other
Workforce	98,8 ETP	+1.3%	97,5 ETP	+6.6%	91,5 ETP	+2.6%	89,2 ETP	-0.7%	89,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jef Eyckmans	Director08/03/2021 → 08/03/2027Managing director01/04/2018 → 2024 accountsended
JEJA0450.945.674Represented by Jan Eyckmans	Director11/08/2006 → 08/03/2027Managing director11/08/2006 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan Eyckmans	Managing directorlisted until the 2018 accounts
Maria VAN GENECHTEN	Director31/12/2011 → 2017 accounts
Willy EYCKMANS	Managing director31/12/2011 → 2017 accounts
Van Genechten Mia	Director11/08/2006 → 2011 accounts

Other companies at this address

Ambachtenstraat 4 2260 Westerlo

Company	CBE no.
WEBE● Active	0832.080.153

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/10/2026	01/10/2025	22/10/2024	30/11/2023	30/09/2022	27/09/2021
General meeting	19/09/2026	27/09/2025	28/09/2024	30/09/2023	24/09/2022	25/09/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2026	19/09/2026	19/10/2026	Dutch	PDF
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

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.

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jef Eyckmans	Director08/03/2021 → 08/03/2027Managing director01/04/2018 → 2024 accountsended
JEJA0450.945.674Represented by Jan Eyckmans	Director11/08/2006 → 08/03/2027Managing director11/08/2006 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan Eyckmans	Managing directorlisted until the 2018 accounts
Maria VAN GENECHTEN	Director31/12/2011 → 2017 accounts
Willy EYCKMANS	Managing director31/12/2011 → 2017 accounts
Van Genechten Mia	Director11/08/2006 → 2011 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

JEJA

Jef Eyckmans

Jan Eyckmans

Maria VAN GENECHTEN

Willy EYCKMANS

Van Genechten Mia

1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

WELEC

Ambachtenstraat 4, 2260 Westerlo

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ambachtenstraat 4, 2260 WesterloCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00568375

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WELECCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00568375

Events

2026
Annual accounts 20261,5 M €↑
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

WELEC

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events