Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2024.
-
Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CEGELEC from Brussel, company number BE0402031346, closed financial year 2025 with a result of € 7.9 million after tax. For that financial year CEGELEC recorded revenue of € 165.6 million and equity of € 21.2 million. Compared with financial year 2024, the result moved from € 8.7 million to € 7.9 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 21.2 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.9 million
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 47.8 million
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
18 % of the profit went to the shareholders, mostly to VINCI ENERGIES BELGIUM (100 % of the shares). That is where the money ends up.
People and assets in 2025
300.5
▼ 137.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 29.1 million
▼ 26% vs 2024
€ 96,700 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.
€ 514,054
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 32.6 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 7.6 million
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 125,135,565 | € 127,751,598 | € 141,132,403 | € 165,605,286 | ▲ 17% |
| Profit after taxes | € 5,134,201 | € 7,694,252 | € 8,704,091 | € 7,919,741 | ▼ 9% |
| Equity | € 23,074,370 | € 23,518,621 | € 23,522,713 | € 21,154,784 | ▼ 10% |
| Total debts | € 74,054,260 | € 83,806,776 | € 90,161,698 | € 80,509,351 | ▼ 11% |
| Cash | € 50,355,775 | € 59,462,093 | € 69,698,823 | € 47,754,847 | ▼ 31% |
| Retained profit | € 7,715,725 | € 8,159,976 | € 8,164,068 | € 11,600,159 | ▲ 42% |
| Dividend | € 5,100,000 | € 7,250,000 | € 8,700,000 | € 1,400,000 | ▼ 84% |
| Balance sheet total | € 97,128,630 | € 107,325,397 | € 113,684,411 | € 101,664,135 | ▼ 11% |
| Employees (FTE) | 424 | 436.5 | 437.6 | 300.5 | ▼ 137.1 |
Key figures of CEGELEC, 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 CEGELEC?
What happened at CEGELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ann Verbruggen stepped down as director. NBB
- Ann HENDRICKX stepped down as director. NBB
- FILIP AERTS stepped down as director. NBB
- VINCENT DELEERSNYDER stepped down as director. NBB
- Fabrice MONTESI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.9 million (▼ 9% vs 2024). Source: NBB ↗
- Ann Verbruggen became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 5.1 million profit in 2022 to € 7.9 million profit in 2025.
Paid € 12.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 8.7 million profit.
Paid out € 22.5 million in dividends to the owners in total.
Management
The shares are held by VINCI ENERGIES BELGIUM (100%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2025 · until 2030
VINCENT DELEERSNYDER
Managing director
since 2025 · until 2030
Ann Verbruggen
Director
since 2026 · until 2031
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bourgetlaan 44
1130 Brussel
Avenue Georges Lemaitre 49
6041 Charleroi
Active since 1 January 1961
Baarbeek 8
2070 Beveren-Kruibeke-Zwijndrecht
Active since 1 February 2010
Bourgetlaan 42
1130 Brussel
Active since 2 February 2009
Vaartstraat 17 box 2
2240 Zandhoven
Active since 1 January 2018
Hogenakkerhoekstraat 10
9150 Beveren-Kruibeke-Zwijndrecht
Active since 20 September 2021
Verlorenbroodstraat 122
9820 Merelbeke-Melle
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
All companies at this address →KAISER + KRAFT
€ 17.7 million revenue · 2025
Cegelec Electrical Solutions
€ 73.9 million revenue · 2025
AXIANS AUDIOVISUAL BELGIUM same network
€ 13.2 million revenue · 2025
INTERNATIONAL POST CORPORATION
€ 11.2 million revenue · 2025
RADISSON HOSPITALITY BELGIUM
€ 399.5 million revenue · 2025
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.031.346
- VAT number
- BE 0402.031.346
- Registered office
- Bourgetlaan 44, 1130 Brussel
- Names & denominations
- CEGELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 1960
- Peppol
- Active · Active since 25 Jan 2022
- Activities · NACE
Algemene elektrotechnische installatiewerken
Vervaardiging van schakel- en verdeelinrichtingen