ACTIVE

WESTINGHOUSE ELECTRIC BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result2,1 M €-54,5 %over 1 year

Revenue77,1 M €+34,3 %over 1 year

Equity20,1 M €+11,6 %over 1 year

Workforce129,0 ETP+2,4 %over 1 year

Identity

Source · BCE/KBO

WESTINGHOUSE ELECTRIC BELGIUM is a Public limited company incorporated in 1993. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Nivelles. It employs on average 129,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0449.543.728
Incorporation: 09/03/1993
Legal form: Public limited company
Registered office: Rue de l'Industrie 43
1400 Nivelles · WallonieSee on map
Contributed capital: 13 321 627,28 €
Latest accounts: 31/12/2025
Average workforce: 129,0 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 52740Warehousing and support activities for transportation 95290Repair of other personal and household goods 95290Repair of other personal and household goods

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 16 financial years

	2025		2024		2023		2021		2020
Income statement
Revenue	77,1 M €	+34.3%	57,4 M €	+3.5%	55,4 M €	+14.5%	48,4 M €	-1.9%	49,3 M €
EBITDA	7,8 M €	+8.3%	7,2 M €	+432%	-2,2 M €	-148%	4,5 M €	-3.9%	4,7 M €
Operating result	5,2 M €	+6.6%	4,9 M €	+227%	-3,9 M €	-215%	3,4 M €	+44.5%	2,3 M €
Net result	2,1 M €	-54.5%	4,6 M €	+215%	-4 M €	-233%	3 M €	+93.4%	1,5 M €
Balance sheet
Equity	20,1 M €	+11.6%	18 M €	+114%	8,4 M €	-13.3%	9,7 M €	+44.3%	6,7 M €
Total assets	83,1 M €	+14.1%	72,8 M €	+4.4%	69,8 M €	+45.5%	47,9 M €	+0.7%	47,6 M €
Cash	30,9 M €	+40.1%	22,1 M €	+43.2%	15,4 M €	+2168%	679,2 k €	-42.5%	1,2 M €
Debts	47,8 M €	+20.7%	39,6 M €	-14.3%	46,2 M €	+105%	22,6 M €	-5.5%	23,9 M €
Other
Workforce	129,0 ETP	+2.4%	126,0 ETP	+7.1%	117,6 ETP	+2.1%	115,2 ETP	+0.8%	114,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carl Axel Johan Hallen	Director30/08/2024 → 30/06/2030
Didier Labye	Director01/01/2013 → 30/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sophie Bremat-Lemaire	Director31/10/2021 → 30/08/2024
Philippe Corbisier	Managing director01/01/2020 → 30/09/2026
Phillippe Corbisier	Managing director01/01/2020 → 30/06/2026

Other companies at this address

Rue de l'Industrie 43 1400 Nivelles

Company	CBE no.
JV Westinghouse Electric Belgium - Robatel Industries● Active	0802.750.818

Full financial information

Source · NBB

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	07/07/2025	06/09/2024	05/09/2023	05/09/2022	28/07/2021
General meeting	26/06/2026	27/06/2025	30/08/2024	30/06/2023	13/07/2022	25/06/2021
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

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	27/08/2026	French	PDF
Full model	31/12/2024	27/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	30/08/2024	06/09/2024	French	PDF
Full model	31/12/2022	30/06/2023	05/09/2023	French	PDF
Full model	31/12/2021	13/07/2022	05/09/2022	French	PDF
Full model	31/12/2020	25/06/2021	28/07/2021	French	PDF
Full model	31/12/2019	29/10/2020	21/12/2020	French	PDF
Full model	31/12/2018	28/06/2019	05/07/2019	French	PDF
Full model	31/03/2018	31/10/2018	31/10/2018	French	PDF
Full model	31/03/2017	29/09/2017	16/10/2017	French	PDF
Full model	31/03/2016	30/09/2016	10/11/2016	French	PDF
Full model	31/03/2015	30/09/2015	13/11/2015	French	PDF
Full model	31/03/2014	30/09/2014	06/11/2014	French	PDF
Full model	31/03/2013	18/11/2013	04/12/2013	French	PDF
Full model	31/03/2012	28/09/2012	04/10/2012	French	PDF
Full model	31/03/2011	30/09/2011	18/11/2011	French	PDF
Full model	31/03/2010	30/09/2010	07/10/2010	French	PDF
Full model	31/03/2009	30/09/2009	18/11/2009	French	PDF
Full model	31/03/2008	30/09/2008	09/10/2008	French	PDF
Full model	31/03/2007	19/10/2007	30/10/2007	French	PDF
Full model	31/03/2006	29/09/2006	16/01/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025

2 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carl Axel Johan Hallen	Director30/08/2024 → 30/06/2030
Didier Labye	Director01/01/2013 → 30/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sophie Bremat-Lemaire	Director31/10/2021 → 30/08/2024
Philippe Corbisier	Managing director01/01/2020 → 30/09/2026
Phillippe Corbisier	Managing director01/01/2020 → 30/06/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/07/2026
Renouvellement du mandat du commissaire
PDF
Mandates24/09/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/09/2024
CAPITAL, ACTIONS
PDF
Capital / shares03/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates14/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2020
DEMISSIONS, NOMINATIONS
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

Filings16 filings

Mandates

Carl Axel Johan Hallen

Didier Labye

Sophie Bremat-Lemaire

Philippe Corbisier

Phillippe Corbisier

Sophie Bremat - Lemaire

SPOPHIE BREMAT-LEMAIRE

Sophie Bramat - Lemaire

Sophie Lemaire

Luc Van Hulle

Gilles Bonnet de Paillerets

Michèle CEUPPENS

and 10 more mandates

19931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

WESTINGHOUSE ELECTRIC BELGIUM

Rue de l'Industrie 43, 1400 Nivelles

Director

Managing director

DirectorManaging director

Director

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de l'Industrie 43, 1400 NivellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00431840

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WESTINGHOUSE ELECTRIC BELGIUMCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00431840

Events

2025
Annual accounts 20252,1 M €↓
2024
Annual accounts 20244,6 M €↑
02/09/2024
augmentation_capital
30/08/2024
reconductionDidier Labye · administrateur
30/08/2024
nominationCarl Axel Johan Hallén · administrateur
2023
Annual accounts 2023-4 M €↓
13/07/2022
nominationDeloitte Réviseurs d'Entreprises SRL · commissaire
2021
Annual accounts 20213 M €↑
2020
Annual accounts 20201,5 M €↑
2019
Annual accounts 2019-5,9 M €↓
2018
Annual accounts 2018-2 M €↑
2018
Annual accounts 2018-19,4 M €↓
2017
Annual accounts 2017792,1 k €↓
2016
Annual accounts 20164,1 M €↑
2015
Annual accounts 2015-1,9 M €↓
2014
Annual accounts 2014-587,1 k €↓
2013
Annual accounts 2013262,8 k €↓
2012
Annual accounts 20122,1 M €↑
2011
Annual accounts 2011-5,8 M €↓
2007
Annual accounts 20073 M €
09/03/1993
IncorporationPublic limited company

WESTINGHOUSE ELECTRIC BELGIUM

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