Financials
Financial year 2025
Carolec from Brugge, company number BE0406048829, closed financial year 2025 with a result of € 65,530 after tax. For that financial year Carolec recorded a gross margin of € 456,736 and equity of € 844,715. Compared with financial year 2024, the result moved from € 102,781 to € 65,530. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 844,715
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 65,530
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 417,586
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 103,835 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 235,959
▲ 1% vs 2024
€ 59,000 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.
€ 154,446
▲ € 136,298 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 108,251
▲ 179% vs 2024
€ 49,105 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 20,365
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,695
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 572,549 | € 403,743 | € 426,584 | € 456,736 | ▲ 7% |
| Profit after taxes | € 187,652 | € 26,714 | € 102,781 | € 65,530 | ▼ 36% |
| Equity | € 1,025,619 | € 878,534 | € 883,020 | € 844,715 | ▼ 4% |
| Total debts | € 303,001 | € 267,534 | € 183,252 | € 247,705 | ▲ 35% |
| Cash | € 563,905 | € 411,951 | € 434,073 | € 417,586 | ▼ 4% |
| Land & buildings | € 529,652 | € 495,913 | € 462,215 | € 428,939 | ▼ 7% |
| Retained profit | € 811,299 | € 664,214 | € 668,700 | € 630,395 | ▼ 6% |
| Dividend | € 0 | € 168,319 | € 92,816 | € 103,835 | ▲ 12% |
| Bank debt | € 73,776 | € 58,361 | € 38,770 | € 108,251 | ▲ 179% |
| Balance sheet total | € 1,329,103 | € 1,146,068 | € 1,066,272 | € 1,092,420 | ▲ 2% |
| Employees (FTE) | 3.8 | 4 | 4 | 4 |
Key figures of Carolec, 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 Carolec?
What happened at Carolec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 65,530 (▼ 36% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brugge. KBO
In short
From € 187,652 profit in 2022 to € 65,530 profit in 2025.
Paid € 169,920 in corporate taxes since 2022.
Best year ever: 2022, with € 187,652 profit.
On average € 114,200 of value added per employee in 2025.
Management
Behind Carolec is Mathias Lowagie.
Directors
According to the 2025 annual accounts
Mathias Lowagie
Director
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 13
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.048.829
- VAT number
- BE 0406.048.829
- Registered office
- Hoveniersstraat 13, 8000 Brugge
- Names & denominations
- Carolec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 1959
- Peppol
- Active · Active since 9 Jul 2026
- Activities · NACE
Bouwen van individuele huizen
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken
Elektrische installatie