ACTIVE

ELECTRO IHSAN & NIHAT

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Financial year 2025 · closed on 31/12/2025

Net result

48 k €

+45.9% YoY

Gross margin

1,3 M €

+15.7% YoY

Equity

477,6 k €

-18.1% YoY

Workforce

18,0 ETP

+3.4% YoY

What does ELECTRO IHSAN & NIHAT do?

ELECTRO IHSAN & NIHAT is a Private limited company incorporated in 2004. Its main activity is: Electrical installation. Its registered office is in Bruxelles. It employs on average 18,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.657.028

Incorporation

14/01/2004

Legal form

Private limited company

Registered office

Chaussée de Vilvorde 80 box 7D
1120 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

18,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (4)

149
14901
200
218

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	+15.7%	1,1 M €	-5.8%	1,2 M €	+2.6%	1,2 M €	+1.9%	1,1 M €	+40.3%	809,2 k €	-16.6%	970,8 k €	-17.6%	1,2 M €	-0.4%	1,2 M €	+18.3%	1 M €	-6.7%	1,1 M €	-0.5%	1,1 M €	+10.9%	972,1 k €	+6.8%	910,2 k €	-7.2%	980,9 k €	+10.9%	884,8 k €	-23.2%	1,2 M €	+35.9%	848,4 k €	+49.0%	569,4 k €	+124%	253,8 k €
EBITDA	108,8 k €	+51.4%	71,9 k €	-64.9%	204,7 k €	+8.6%	188,4 k €	+4.2%	180,7 k €	+238%	53,5 k €	+310%	13 k €	-93.8%	211,9 k €	+22.7%	172,7 k €	+717%	21,1 k €	-26.5%	28,8 k €	-58.7%	69,6 k €	-28.3%	97,1 k €	-7.9%	105,5 k €	-48.6%	205,4 k €	+375%	43,2 k €	-79.1%	207,3 k €	+74.8%	118,6 k €	-21.9%	151,7 k €	+102%	75,3 k €
Operating result	91,6 k €	+29.1%	71 k €	-63.6%	195,2 k €	+16.3%	167,9 k €	+22.5%	137,1 k €	+436%	25,6 k €	+269%	-15,1 k €	-108%	188,7 k €	+21.0%	155,9 k €	+12277%	1,3 k €	-82.9%	7,4 k €	-83.2%	43,8 k €	-33.2%	65,6 k €	-8.3%	71,5 k €	-56.7%	165,1 k €	+2026%	7,8 k €	-95.1%	157,2 k €	+46.3%	107,5 k €	-21.0%	136 k €	+126%	60,2 k €
Net result	48 k €	+45.9%	32,9 k €	-70.8%	112,7 k €	+19.3%	94,5 k €	+68.8%	56 k €	+1334%	3,9 k €	+113%	-30,9 k €	-126%	117,3 k €	+57.6%	74,4 k €	+498%	-18,7 k €	+25.5%	-25,1 k €	-496%	6,3 k €	-45.1%	11,5 k €	-77.3%	50,8 k €	-59.0%	123,7 k €	+284%	32,2 k €	-64.0%	89,4 k €	+17.9%	75,9 k €	-20.0%	94,8 k €	+114%	44,3 k €
Balance sheet
Equity	477,6 k €	-18.1%	583,4 k €	-11.9%	662,4 k €	-6.9%	711,4 k €	+15.3%	616,9 k €	+10.0%	561 k €	+0.7%	557,1 k €	-5.3%	587,9 k €	+24.9%	470,6 k €	+18.8%	396,2 k €	-4.5%	414,9 k €	-5.7%	440 k €	+1.5%	433,7 k €	-0.1%	434,1 k €	+10.9%	391,4 k €	+46.2%	267,6 k €	-2.8%	275,4 k €	+27.5%	216 k €	+37.1%	157,5 k €	+110%	75,1 k €
Total assets	1,6 M €	+2.1%	1,5 M €	-13.2%	1,8 M €	+20.6%	1,5 M €	-16.0%	1,7 M €	+6.5%	1,6 M €	+14.3%	1,4 M €	-15.2%	1,7 M €	+11.8%	1,5 M €	+13.0%	1,3 M €	-1.2%	1,3 M €	-13.4%	1,6 M €	+10.4%	1,4 M €	-0.7%	1,4 M €	-9.2%	1,6 M €	+15.0%	1,4 M €	-10.8%	1,5 M €	+63.2%	934,3 k €	+84.1%	507,4 k €	+47.4%	344,2 k €
Cash	99,8 k €	+426%	19 k €	-85.5%	130,7 k €	-14.3%	152,4 k €	-26.2%	206,4 k €	+131%	89,2 k €	+102%	44,1 k €	-91.5%	520,8 k €	+24.6%	418,1 k €	+252%	118,9 k €	+48561%	244,4 €	-99.5%	50,4 k €	-60.7%	128,3 k €	+96.0%	65,5 k €	-72.9%	241,8 k €	+76.5%	137 k €	-42.9%	239,9 k €	+9.0%	220,1 k €	+30.7%	168,4 k €	+94.4%	86,6 k €
Debts	1 M €	+14.4%	879,5 k €	-14.8%	1 M €	+49.7%	689,8 k €	-34.6%	1,1 M €	+2.8%	1 M €	+23.2%	832,1 k €	-20.1%	1 M €	+6.1%	981,5 k €	+10.2%	890,4 k €	+0.7%	883,8 k €	-17.4%	1,1 M €	+14.3%	936,2 k €	-1.0%	945,9 k €	-16.6%	1,1 M €	+6.9%	1,1 M €	-12.4%	1,2 M €	+73.5%	697,9 k €	+107%	337,7 k €	+25.5%	269 k €
Other
Workforce	18,0 ETP	+3.4%	17,4 ETP	+0.6%	17,3 ETP	-13.5%	20,0 ETP	-2.0%	20,4 ETP	+8.5%	18,8 ETP	-14.5%	22,0 ETP	+7.3%	20,5 ETP	+1.0%	20,3 ETP	+1.5%	20,0 ETP	-8.7%	21,9 ETP	-4.8%	23,0 ETP	+13.3%	20,3 ETP	+17.3%	17,3 ETP	+8.1%	16,0 ETP	-17.5%	19,4 ETP	-11.8%	22,0 ETP	+15.8%	19,0 ETP	+65.2%	11,5 ETP	+27.8%	9,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Ihsan OZCELIK

Director

Active

Nihat MUGLA

Director

Active

Ended mandates

IHSAN OZCELIK

Mandate · since 14 janvier 2004

Ended

IHSAN OZCELIK

Manager · since 14 janvier 2004

Ended

Ishan Ozçelik

Mandate · since 14 janvier 2004

Ended

NIHAT MUGLA

Manager · since 14 janvier 2004

Ended

At this address

Other companies at this address

Company	CBE no.
ACTIF-SYSTEME● Active	0810.247.037
Art and Business● Active	0460.558.572
B&F Studio● Active	1020.139.991
CONCEPT XXL● Active	0899.204.054
DAKWERKEN VERHOEVEN MICHAEL● Active	0894.055.730
Etablissements FREDERIX● Active	0424.912.953
GROUP BORGES● Active	0753.870.637
ITFTM● Active	0878.958.867
NIHAT & IHSAN ELECTRO STRATEGY● Active	0820.763.124
S.E.B.M.● Active	0464.157.371
TELES SOUSA● Active	0837.067.834
TOITURES PANO● Active	0463.564.681
TOP CHAPE● Active	0841.001.183

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	13/05/2026	23/05/2025	22/05/2024	24/05/2023	17/05/2022	22/06/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	06/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/05/2026	13/05/2026	French	PDF
Abridged model	31/12/2024	12/05/2025	23/05/2025	French	PDF
Abridged model	31/12/2023	13/05/2024	22/05/2024	French	PDF
Abridged model	31/12/2022	08/05/2023	24/05/2023	French	PDF
Abridged model	31/12/2021	09/05/2022	17/05/2022	French	PDF
Abridged model	31/12/2020	06/05/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	09/02/2021	16/02/2021	French	PDF
Abridged model	31/12/2018	05/06/2020	11/06/2020	French	PDF
Abridged model	31/12/2017	03/05/2018	02/10/2018	French	PDF
Abridged model	31/12/2016	04/05/2017	28/09/2017	French	PDF
Abridged model	31/12/2015	05/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	14/05/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	18/06/2014	French	PDF
Abridged model	31/12/2012	05/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	13/06/2012	French	PDF
Abridged model	31/12/2010	05/05/2011	16/05/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	26/05/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	16/06/2009	French	PDF
Abridged model	31/12/2007	01/05/2008	19/05/2008	French	PDF
Abridged model	31/12/2006	03/05/2007	16/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 6 ended

Active mandates

Ihsan OZCELIK

Director

Active

Nihat MUGLA

Director

Active

Ended mandates

IHSAN OZCELIK

Mandate · since 14 janvier 2004

Ended

IHSAN OZCELIK

Manager · since 14 janvier 2004

Ended

Ishan Ozçelik

Mandate · since 14 janvier 2004

Ended

NIHAT MUGLA

Manager · since 14 janvier 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office21/10/2009
SIEGE SOCIAL
PDF
Registered office14/06/2006
SIEGE SOCIAL
PDF
Other10/02/2004
DIVERS
PDF
Other21/01/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202548 k €↑
2024
Annual accounts 202432,9 k €↓
2023
Annual accounts 2023112,7 k €↑
2022
Annual accounts 202294,5 k €↑
2021
Annual accounts 202156 k €↑
2020
Annual accounts 20203,9 k €↑
2019
Annual accounts 2019-30,9 k €↓
2018
Annual accounts 2018117,3 k €↑
2017
Annual accounts 201774,4 k €↑
2016
Annual accounts 2016-18,7 k €↑
2015
Annual accounts 2015-25,1 k €↓
2014
Annual accounts 20146,3 k €↓
2013
Annual accounts 201311,5 k €↓
2012
Annual accounts 201250,8 k €↓
2011
Annual accounts 2011123,7 k €↑
2010
Annual accounts 201032,2 k €↓
2009
Annual accounts 200989,4 k €↑
2008
Annual accounts 200875,9 k €↓
2007
Annual accounts 200794,8 k €↑
2006
Annual accounts 200644,3 k €
14/01/2004
IncorporationPrivate 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

ELECTRO IHSAN & NIHAT

Overview

What does ELECTRO IHSAN & NIHAT do?

Trend over 20 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