ACTIVE

CVELEC

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Financial year 2025 · closed on 31/12/2025
Net result
316,3 k €
+62.7% YoY
Gross margin
1,4 M €
+12.5% YoY
Equity
620,4 k €
-24.4% YoY
Workforce
11,9 ETP
-9.2% YoY

What does CVELEC do?

CVELEC is a Private limited company incorporated in 2011. Its main activity is: Electrical installation. Its registered office is in Wetteren. It employs on average 11,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0833.542.180
Incorporation
08/02/2011
Legal form
Private limited company
Registered office
Neerhonderd +27
9230 Wetteren · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
11,9 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220222021202020192018201720162015201420132012
Income statement
Gross margin1,4 M €1,2 M €1,4 M €1,1 M €1,2 M €1,3 M €1,2 M €1,2 M €1 M €868,2 k €911,2 k €899,7 k €813 k €745,4 k €460,3 k €
EBITDA489 k €308,2 k €544,3 k €438,8 k €439,8 k €593,7 k €537,3 k €525,7 k €390,2 k €351,1 k €391 k €366,7 k €367,2 k €339,4 k €113,7 k €
Operating result426,9 k €264,7 k €502,4 k €401,7 k €401,6 k €553,5 k €500,4 k €449,9 k €351,6 k €310,2 k €355 k €315,1 k €313,4 k €292 k €71,1 k €
Net result316,3 k €194,4 k €382,1 k €308,9 k €311 k €415,4 k €429,8 k €389,5 k €288,7 k €225,3 k €280,2 k €232,1 k €244,7 k €207,3 k €32,6 k €
Balance sheet
Equity620,4 k €820,4 k €820,4 k €820,4 k €920,4 k €920,4 k €960 k €818,9 k €691,4 k €730,8 k €636,4 k €603 k €432,5 k €258,5 k €51,2 k €
Total assets1,3 M €1,2 M €1,4 M €1,5 M €1,5 M €1,5 M €1,3 M €1,2 M €1,2 M €976,5 k €892,1 k €814 k €705 k €579,9 k €505,3 k €
Cash533 k €443,3 k €512,4 k €653,2 k €483,7 k €697,6 k €632,8 k €584,1 k €519 k €317,8 k €339,5 k €53,2 k €8,1 k €164,3 k €26,7 k €
Debts656,1 k €363,4 k €573,3 k €694,4 k €542,4 k €535,2 k €372,8 k €360,3 k €489,7 k €245,7 k €255,7 k €210,7 k €272,4 k €320,9 k €453,1 k €
Other
Workforce11,9 ETP13,1 ETP12,5 ETP12,5 ETP12,9 ETP11,9 ETP11,6 ETP10,8 ETP––9,0 ETP9,3 ETP8,3 ETP7,3 ETP5,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Luc Verelst

Director · since 31 mai 2021

Active
LV-HOLD

Director · since 31 mai 2021 · 0768.551.586

Represented by Annick Van Dijck

Active
Kyax

Director · since 01 juillet 2013 · 0534.999.342

Represented by Dominique Ghyselinck

Active

Ended mandates

Kyax

Manager · since 01 juillet 2013 · 0534.999.342

Represented by Dominique Ghyselinck

Ended
Man-Al Comm.V

Manager · since 01 juillet 2013 · 0534.920.059

Represented by Annick Van Dijck

Ended
Man-Al CommV

Director · since 01 juillet 2013 · until 31 mai 2021 · 0534.920.059

Represented by Annick Van Dijck

Ended
Man-Al CommV

Director · since 01 juillet 2013 · 0534.920.059

Represented by Annick Van Dijck

Ended
Annual accounts

Full financial information

202520242023202220222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202231/03/2021
Length of the financial year12 months12 months12 months9 months12 months12 months
Filing date16/06/202627/06/202528/06/202405/06/202325/10/202227/10/2021
General meeting27/05/202628/05/202529/05/202431/05/202314/09/202221/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/05/202616/06/2026DutchPDF
Abridged model31/12/202428/05/202527/06/2025DutchPDF
Abridged model31/12/202329/05/202428/06/2024DutchPDF
Abridged model31/12/202231/05/202305/06/2023DutchPDF
Abridged model31/03/202214/09/202225/10/2022DutchPDF
Abridged model31/03/202121/09/202127/10/2021DutchPDF
Abridged modelCorrection31/03/202014/09/202017/12/2020DutchPDF
Abridged model31/03/202014/09/202023/10/2020DutchPDF
Abridged model31/03/201913/09/201902/10/2019DutchPDF
Abridged model31/03/201814/09/201824/09/2018DutchPDF
Abridged model31/03/201714/09/201711/10/2017DutchPDF
Abridged model31/03/201614/09/201622/09/2016DutchPDF
Abridged model31/03/201511/09/201528/09/2015DutchPDF
Abridged model31/03/201412/09/201403/10/2014DutchPDF
Abridged model31/03/201313/09/201304/10/2013DutchPDF
Abridged model31/03/201214/09/201208/10/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 3 active · 6 ended

Active mandates

Luc Verelst

Director · since 31 mai 2021

Active
LV-HOLD

Director · since 31 mai 2021 · 0768.551.586

Represented by Annick Van Dijck

Active
Kyax

Director · since 01 juillet 2013 · 0534.999.342

Represented by Dominique Ghyselinck

Active

Ended mandates

Kyax

Manager · since 01 juillet 2013 · 0534.999.342

Represented by Dominique Ghyselinck

Ended
Man-Al Comm.V

Manager · since 01 juillet 2013 · 0534.920.059

Represented by Annick Van Dijck

Ended
Man-Al CommV

Director · since 01 juillet 2013 · until 31 mai 2021 · 0534.920.059

Represented by Annick Van Dijck

Ended
Man-Al CommV

Director · since 01 juillet 2013 · 0534.920.059

Represented by Annick Van Dijck

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/11/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates15/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/02/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other18/02/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025316,3 k €↑
  2. 2024
    Annual accounts 2024194,4 k €↓
  3. 2023
    Annual accounts 2023382,1 k €↑
  4. 2022
    Annual accounts 2022308,9 k €↓
  5. 2022
    Annual accounts 2022311 k €↓
  6. 2021
    Annual accounts 2021415,4 k €↓
  7. 2020
    Annual accounts 2020429,8 k €↑
  8. 2019
    Annual accounts 2019389,5 k €↑
  9. 2018
    Annual accounts 2018288,7 k €↑
  10. 2017
    Annual accounts 2017225,3 k €↓
  11. 2016
    Annual accounts 2016280,2 k €↑
  12. 2015
    Annual accounts 2015232,1 k €↓
  13. 2014
    Annual accounts 2014244,7 k €↑
  14. 2013
    Annual accounts 2013207,3 k €↑
  15. 2012
    Annual accounts 201232,6 k €
  16. 08/02/2011
    IncorporationPrivate limited company