Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Elecom from Nivelles, company number BE0414547316, closed financial year 2025 with a result of € 168,555 after tax. For that financial year Elecom recorded revenue of € 24.3 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 479,135 to € 168,555. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 1.7 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 168,555
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 131,175
▲ 112% 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 € 1.6 million.
People and assets in 2025
19.7
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 5% vs 2024
€ 69,800 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.
€ 32,573
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 146% vs 2024
€ 81,208 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4.9 million
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 231,650
▼ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,646,701 | € 13,748,341 | € 19,263,687 | € 24,292,109 | ▲ 26% |
| Gross margin | € 1,152,862 | - | - | - | |
| Profit after taxes | € 425,759 | € 664,646 | € 479,135 | € 168,555 | ▼ 65% |
| Equity | € 906,290 | € 1,352,533 | € 1,526,127 | € 1,694,682 | ▲ 11% |
| Total debts | € 2,531,673 | € 3,468,685 | € 4,881,671 | € 6,666,793 | ▲ 37% |
| Cash | € 124,758 | € 179,587 | € 61,955 | € 131,175 | ▲ 112% |
| Retained profit | € 844,290 | € 1,290,533 | € 1,464,127 | € 1,632,682 | ▲ 12% |
| Dividend | € 0 | € 195,000 | € 275,000 | € 0 | ▼ 100% |
| Bank debt | € 227,744 | € 57,425 | € 496,986 | € 1,220,985 | ▲ 146% |
| Balance sheet total | € 3,437,963 | € 4,821,218 | € 6,407,798 | € 8,361,475 | ▲ 30% |
| Employees (FTE) | 7.9 | 15.9 | 18.4 | 19.7 | ▲ 1.3 |
Key figures of Elecom, 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 Elecom?
What happened at Elecom in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SAD Management SA stepped down as director. NBB
- Jérôme SEGARD stepped down as director. NBB
- Jean-Claude DELIGNE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 168,555 (▼ 65% vs 2024). Source: NBB ↗
- SAD Management SA became a director. NBB
- Jérôme SEGARD became a director. NBB
- Jean-Claude DELIGNE became a director. NBB
- New establishment in Nivelles. KBO
In short
From € 425,759 profit in 2022 to € 168,555 profit in 2025.
Paid € 636,480 in corporate taxes since 2022.
Best year ever: 2023, with € 664,646 profit.
On average € 145,900 of value added per employee in 2022.
Management
The shares are held by SAD Management S.A. (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Christophe DELIGNE
Also active at: SAD IMMO, SADINTER, ELEPOWER, SADINTER-SOGECOMEX
since 2022 · until 2031
since 2019 · until 2031
since 2019 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Robert Schuman 181
1401 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →SAD IMMO same network
Sogelocim same network
€ 14,184 gross margin · 2025
SADINTER same network
€ 24.1 million revenue · 2025
S.A.D. MANAGEMENT same network
€ 3.1 million revenue · 2025
SAD GROUP
+3 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
- 0414.547.316
- VAT number
- BE 0414.547.316
- Registered office
- Avenue Robert Schuman 181, 1401 Nivelles
- Names & denominations
- Elecom
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 1974
- Peppol
- Active · Active since 11 Mar 2025
- Activities · NACE
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