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 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
Joint committees (2)
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 16 financial years

20252024202320212020
Income statement
Revenue77,1 M €57,4 M €55,4 M €48,4 M €49,3 M €
EBITDA7,8 M €7,2 M €-2,2 M €4,5 M €4,7 M €
Operating result5,2 M €4,9 M €-3,9 M €3,4 M €2,3 M €
Net result2,1 M €4,6 M €-4 M €3 M €1,5 M €
Balance sheet
Equity20,1 M €18 M €8,4 M €9,7 M €6,7 M €
Total assets83,1 M €72,8 M €69,8 M €47,9 M €47,6 M €
Cash30,9 M €22,1 M €15,4 M €679,2 k €1,2 M €
Debts47,8 M €39,6 M €46,2 M €22,6 M €23,9 M €
Other
Workforce129,0 ETP126,0 ETP117,6 ETP115,2 ETP114,3 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

3 active · 42 ended

Active mandates

Carl Axel Johan Hallen

Director · since 30 août 2024 · until 30 juin 2030

Active
Didier Labye

Director · since 30 août 2024 · until 30 juin 2030

Active
Phillippe Corbisier

Managing director · since 01 janvier 2020 · until 30 juin 2026

Active

Ended mandates

Sophie Bremat-Lemaire

Director · since 31 octobre 2021 · until 30 août 2024

Ended
Philippe Corbisier

Managing director · since 01 octobre 2020 · until 30 septembre 2026

Ended
Philippe Corbisier

Managing director · since 01 janvier 2020 · until 30 juin 2026

Ended
Didier Labye

Director · since 31 octobre 2018 · until 28 juin 2024

Ended

Other companies at this address

Rue de l'Industrie 43 1400 Nivelles
CompanyCBE no.
JV Westinghouse Electric Belgium - Robatel Industries● Active
0802.750.818

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202607/07/202506/09/202405/09/202305/09/202228/07/2021
General meeting26/06/202627/06/202530/08/202430/06/202313/07/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202627/08/2026FrenchPDF
Full model31/12/202427/06/202507/07/2025FrenchPDF
Full model31/12/202330/08/202406/09/2024FrenchPDF
Full model31/12/202230/06/202305/09/2023FrenchPDF
Full model31/12/202113/07/202205/09/2022FrenchPDF
Full model31/12/202025/06/202128/07/2021FrenchPDF
Full model31/12/201929/10/202021/12/2020FrenchPDF
Full model31/12/201828/06/201905/07/2019FrenchPDF
Full model31/03/201831/10/201831/10/2018FrenchPDF
Full model31/03/201729/09/201716/10/2017FrenchPDF
Full model31/03/201630/09/201610/11/2016FrenchPDF
Full model31/03/201530/09/201513/11/2015FrenchPDF
Full model31/03/201430/09/201406/11/2014FrenchPDF
Full model31/03/201318/11/201304/12/2013FrenchPDF
Full model31/03/201228/09/201204/10/2012FrenchPDF
Full model31/03/201130/09/201118/11/2011FrenchPDF
Full model31/03/201030/09/201007/10/2010FrenchPDF
Full model31/03/200930/09/200918/11/2009FrenchPDF
Full model31/03/200830/09/200809/10/2008FrenchPDF
Full model31/03/200719/10/200730/10/2007FrenchPDF
Full model31/03/200629/09/200616/01/2007FrenchPDF

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

3 active · 42 ended

Active mandates

Carl Axel Johan Hallen

Director · since 30 août 2024 · until 30 juin 2030

Active
Didier Labye

Director · since 30 août 2024 · until 30 juin 2030

Active
Phillippe Corbisier

Managing director · since 01 janvier 2020 · until 30 juin 2026

Active

Ended mandates

Sophie Bremat-Lemaire

Director · since 31 octobre 2021 · until 30 août 2024

Ended
Philippe Corbisier

Managing director · since 01 octobre 2020 · until 30 septembre 2026

Ended
Philippe Corbisier

Managing director · since 01 janvier 2020 · until 30 juin 2026

Ended
Didier Labye

Director · since 31 octobre 2018 · until 28 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/07/2026
    DEMISSIONS, NOMINATIONS
    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

  1. 2025
    Annual accounts 20252,1 M €↓
  2. 2024
    Annual accounts 20244,6 M €↑
  3. 02/09/2024
    augmentation_capital
  4. 30/08/2024
    reconductionDidier Labye — administrateur
  5. 30/08/2024
    nominationCarl Axel Johan Hallén — administrateur
  6. 2023
    Annual accounts 2023-4 M €↓
  7. 13/07/2022
    nominationDeloitte Réviseurs d'Entreprises SRL — commissaire
  8. 2021
    Annual accounts 20213 M €↑
  9. 2020
    Annual accounts 20201,5 M €↑
  10. 2019
    Annual accounts 2019-5,9 M €↓
  11. 2018
    Annual accounts 2018-2 M €↑
  12. 2018
    Annual accounts 2018-19,4 M €↓
  13. 2017
    Annual accounts 2017792,1 k €↓
  14. 2016
    Annual accounts 20164,1 M €↑
  15. 2015
    Annual accounts 2015-1,9 M €↓
  16. 2014
    Annual accounts 2014-587,1 k €↓
  17. 2013
    Annual accounts 2013262,8 k €↓
  18. 2012
    Annual accounts 20122,1 M €↑
  19. 2011
    Annual accounts 2011-5,8 M €↓
  20. 2007
    Annual accounts 20073 M €
  21. 09/03/1993
    IncorporationPublic limited company