Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELECTRIC from Nivelles, company number BE0401883866, closed financial year 2025 with a result of € -385,070 after tax. For that financial year ELECTRIC recorded revenue of € 18.9 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -1.1 million to € -385,070. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 4.1 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -385,070
▲ 65 % less loss than in 2024
Profit after tax over the fiscal year.
€ 365,738
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.4 million.
People and assets in 2025
51.6
▼ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▼ 5% vs 2024
€ 65,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 253,635
▼ 7% vs 2024
Of which on lease € 8,956.
Debts at end 2025
€ 7.2 million
▼ 6% vs 2024
€ 649,214 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2.6 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 887,859
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,605,576 | € 19,764,883 | € 20,883,439 | € 18,900,912 | ▼ 9% |
| Profit after taxes | € 2,812,099 | € 338,487 | € -1,093,755 | € -385,070 | ▲ € 708,685 |
| Equity | € 5,210,356 | € 5,548,842 | € 4,455,087 | € 4,070,017 | ▼ 9% |
| Total debts | € 9,759,046 | € 11,203,764 | € 11,129,993 | € 10,706,848 | ▼ 4% |
| Cash | € 511,988 | € 621,038 | € 668,450 | € 365,738 | ▼ 45% |
| Land & buildings | € 6,679,002 | € 9,558,720 | € 9,235,892 | € 8,906,926 | ▼ 4% |
| Retained profit | € 4,510,356 | € 4,848,842 | € 3,755,087 | € 3,370,017 | ▼ 10% |
| Bank debt | € 6,650,215 | € 8,057,386 | € 7,718,279 | € 7,225,511 | ▼ 6% |
| Balance sheet total | € 15,970,982 | € 18,210,370 | € 17,081,561 | € 16,065,055 | ▼ 6% |
| Employees (FTE) | 50.5 | 54.5 | 58.1 | 51.6 | ▼ 6.5 |
Key figures of ELECTRIC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ELECTRIC?
What happened at ELECTRIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laurent DE VOS stepped down as director. NBB
- Annie DE VOS stepped down as director. NBB
- Alain DE VOS stepped down as director. NBB
- Didier DE VOS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 385,070. Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Laurent DE VOS became a director. NBB
- Annie DE VOS became a director. NBB
In short
From € 2.8 million profit in 2022 to € 385,070 loss in 2025.
Paid € 20,042 in corporate taxes since 2022.
Best year ever: 2022, with € 2.8 million profit.
Pays suppliers within 60 days on average.
Management
Directors
According to the 2025 annual accounts
Laurent DE VOS
Director
since 2023 · until 2029
Annie DE VOS
Director
since 2023 · until 2029
Alain DE VOS
Managing director
since 2023 · until 2029
Didier DE VOS
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Avenue Robert Schuman 127
1401 Nivelles
Avenue Prince de Liège(JB) 100
5100 Namur
Active since 1 September 1933
Kroonlaan 320
1050 Elsene
Active since 1 June 1928
Rue Pierre Flamand 154
1420 Braine-l'Alleud
Active since 18 October 1993
Pavé du Roeulx(S-B) 201
7110 La Louvière
Active since 1 January 2003
St.-Maurusweg 37
3300 Tienen
Active since 2 October 2006
Sint Achariusstraat 54
7700 Mouscron
Active since 2 January 2007
Steenweg op Ruisbroek 290a
1620 Drogenbos
Active since 28 November 2022
Hundelgemsesteenweg 49
9820 Merelbeke-Melle
Active since 1 October 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.883.866
- VAT number
- BE 0401.883.866
- Registered office
- Avenue Robert Schuman 127, 1401 Nivelles
- Names & denominations
- ELECTRIC · Electric
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1928
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Groothandel in delen en toebehoren van motorvoertuigen
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen