Financials
Financial year 2025
Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon from Jabbeke, company number BE0406914703, closed financial year 2025 with a result of € 100,584 after tax. For that financial year Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon recorded revenue of € 24.8 million and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 283,500 to € 100,584. 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 June 29, 2026.
€ 5.5 million
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,584
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 403,389
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.4 million.
People and assets in 2025
131.5
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.2 million
▼ 1% vs 2024
€ 85,300 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.
€ 3 million
▲ 5% vs 2024
Of which on lease € 1.1 million.
Debts at end 2025
€ 4.3 million
▼ 9% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.9 million
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 1.3 million
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,817,038 | € 25,749,259 | € 27,141,755 | € 24,848,210 | ▼ 8% |
| Profit after taxes | € 153,219 | € 9,681 | € 283,500 | € 100,584 | ▼ 65% |
| Equity | € 7,887,557 | € 7,897,238 | € 8,180,738 | € 5,526,666 | ▼ 32% |
| Total debts | € 10,983,322 | € 10,000,955 | € 9,688,689 | € 8,351,658 | ▼ 14% |
| Cash | € 754,544 | € 532,929 | € 300,320 | € 403,389 | ▲ 34% |
| Land & buildings | € 274,013 | € 290,888 | € 402,947 | € 363,305 | ▼ 10% |
| Retained profit | € 6,212,557 | € 6,222,238 | € 6,505,738 | € 4,415,680 | ▼ 32% |
| Bank debt | € 5,523,415 | € 4,728,696 | € 4,780,757 | € 4,329,299 | ▼ 9% |
| Balance sheet total | € 18,870,878 | € 17,898,193 | € 17,869,427 | € 13,878,324 | ▼ 22% |
| Employees (FTE) | 139.8 | 135.4 | 132.6 | 131.5 | ▼ 1.1 |
Key figures of Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon, 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 Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon?
What happened at Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- IKASO NV stepped down as director. NBB
- COFINCO NV stepped down as director. NBB
- SOFIE VERSTRAETE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 100,584 (▼ 65% vs 2024). Source: NBB ↗
- New establishment in Lede. KBO
- IKASO NV became a director. NBB
- COFINCO NV became a director. NBB
- SOFIE VERSTRAETE became a director. NBB
In short
From € 153,219 profit in 2022 to € 100,584 profit in 2025.
Paid € 506,636 in corporate taxes since 2022.
Best year ever: 2024, with € 283,500 profit.
Pays suppliers within 57 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of IKASO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Algemene Electrische Ondernemingen Kamiel Verstraete en ZoonThe shares are held by ISABEL VERSTRAETE (45.8%), SOFIE VERSTRAETE (45.8%), GEERT VERSTRAETE (0%) and IKASO (8.4%). It owns 100% of VF ELECTRO itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Director · represented by Michel Van Hecke
Also active at: Denys, DENYS GLOBAL, RLST, FOREMOST IMMO, SOCEA
since 2021 · until 2027
since 2021 · until 2027
Shareholders
Participations
VF ELECTRO
100%
Establishments
Establishment units
Physical locations of this company
Lettenburgstraat 4
8490 Jabbeke
Wolfstee(HRT) 32
2200 Herentals
Active since 1 April 2015
Dries 41
9340 Lede
Active since 1 July 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.914.703
- VAT number
- BE 0406.914.703
- Registered office
- Lettenburgstraat 4, 8490 Jabbeke
- Names & denominations
- Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1969
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Elektrische installatie
Algemene elektrotechnische installatiewerken
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Verhuur en lease van landbouwmachines en -werktuigen
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Verhuur van landbouwmachines en -werktuigen