What does HAGER Modulec do?

HAGER Modulec is a wholesaler in Dilbeek. Public Limited, started on 23 December 1980, 1 establishment.

What is the address of HAGER Modulec?

The registered office of HAGER Modulec is located at Noordkustlaan 16C, 1702 Dilbeek.

Is HAGER Modulec still active?

Yes. According to the CBE (29 October 2026) HAGER Modulec is active, legal situation “Normale toestand”, started on 23 December 1980.

Is HAGER Modulec registered on Peppol?

Yes, HAGER Modulec is registered on the Peppol network with ID 0208:0421067003.

What is the enterprise number of HAGER Modulec?

The enterprise number of HAGER Modulec is BE0421067003.

When was HAGER Modulec founded?

HAGER Modulec was founded on 23 December 1980.

Who are the directors of HAGER Modulec?

According to the 2025 annual accounts, the directors of HAGER Modulec are: Adrien Richter, Dominique Weber, Arnaud Lambert.

Is HAGER Modulec a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 December 1980; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did HAGER Modulec make in 2025?

HAGER Modulec posted a profit after taxes of € 879,993 in financial year 2025.

What is the revenue of HAGER Modulec?

In its most recent annual accounts (2025), HAGER Modulec reported revenue of € 24,343,501.

How much does an employee at HAGER Modulec earn?

The average wage cost per full-time employee at HAGER Modulec was € 109,900 in 2025: staff costs of € 2.5 million for 22.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does HAGER Modulec have?

According to the 2025 annual accounts, HAGER Modulec has 22.8 full-time equivalents (FTE).

HAGER Modulec (Public Limited) - Dilbeek - BE0421067003

Dossier HAGER Modulec, printed on 29 October 2026 from databakkes.be/en/0421067003/hager-modulec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

HAGER Modulec from Dilbeek, company number BE0421067003, closed financial year 2025 with a result of € 879,993 after tax. For that financial year HAGER Modulec recorded revenue of € 24.3 million and equity of € 5.3 million. Compared with financial year 2024, the result moved from € 914,804 to € 879,993. 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 1, 2026.

What it is worth Healthy

€ 5.3 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 879,993

▼ 4% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,420

▲ 55% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 879,993 paid out

100 % of the profit went to the shareholders, mostly to Hager Electro SAS (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

22.8

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.5 million

▼ 5% vs 2024

€ 109,900 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.

Vehicles and equipment

€ 13,977

▼ 29% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.2 million

▲ 44% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.

Taxes and wages

€ 561,770

▲ 16% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 21,702,104 Revenue 2022: € 21,702,104 First fiscal year in the series	€ 25,241,895 Revenue 2023: € 25,241,895 ▲ 16% vs 2022 (€ 21,702,104) Favourable step	€ 23,537,108 Revenue 2024: € 23,537,108 ▼ 7% vs 2023 (€ 25,241,895) Unfavourable step	€ 24,343,501 Revenue 2025: € 24,343,501 ▲ 3% vs 2024 (€ 23,537,108) Favourable step	▲ 3%
Profit after taxes	€ 525,080 Profit after taxes 2022: € 525,080 First fiscal year in the series	€ 1,254,082 Profit after taxes 2023: € 1,254,082 ▲ 139% vs 2022 (€ 525,080) Favourable step	€ 914,804 Profit after taxes 2024: € 914,804 ▼ 27% vs 2023 (€ 1,254,082) Unfavourable step	€ 879,993 Profit after taxes 2025: € 879,993 ▼ 4% vs 2024 (€ 914,804) Unfavourable step	▼ 4%
Equity	€ 19,236,128 Equity 2022: € 19,236,128 First fiscal year in the series	€ 5,335,000 Equity 2023: € 5,335,000 ▼ 72% vs 2022 (€ 19,236,128) Unfavourable step	€ 5,335,000 Equity 2024: € 5,335,000 Unchanged (€ 5,335,000) Unchanged	€ 5,335,000 Equity 2025: € 5,335,000 Unchanged (€ 5,335,000) Unchanged
Total debts	€ 5,018,187 Total debts 2022: € 5,018,187 First fiscal year in the series	€ 6,935,967 Total debts 2023: € 6,935,967 ▲ 38% vs 2022 (€ 5,018,187) Unfavourable step	€ 4,312,533 Total debts 2024: € 4,312,533 ▼ 38% vs 2023 (€ 6,935,967) Favourable step	€ 5,629,288 Total debts 2025: € 5,629,288 ▲ 31% vs 2024 (€ 4,312,533) Unfavourable step	▲ 31%
Cash	€ 1,404 Cash 2022: € 1,404 First fiscal year in the series	€ 1,606 Cash 2023: € 1,606 ▲ 14% vs 2022 (€ 1,404) Favourable step	€ 1,565 Cash 2024: € 1,565 ▼ 3% vs 2023 (€ 1,606) Unfavourable step	€ 2,420 Cash 2025: € 2,420 ▲ 55% vs 2024 (€ 1,565) Favourable step	▲ 55%
Retained profit	€ 14,386,128 Retained profit 2022: € 14,386,128 First fiscal year in the series	€ 485,000 Retained profit 2023: € 485,000 ▼ 97% vs 2022 (€ 14,386,128) Unfavourable step	€ 485,000 Retained profit 2024: € 485,000 Unchanged (€ 485,000) Unchanged	€ 485,000 Retained profit 2025: € 485,000 Unchanged (€ 485,000) Unchanged
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 15,155,209 Dividend 2023: € 15,155,209 Unchanged (€ 0) Unchanged	€ 914,804 Dividend 2024: € 914,804 ▼ 94% vs 2023 (€ 15,155,209) Unchanged	€ 879,993 Dividend 2025: € 879,993 ▼ 4% vs 2024 (€ 914,804) Unchanged	▼ 4%
Balance sheet total	€ 24,254,314 Balance sheet total 2022: € 24,254,314 First fiscal year in the series	€ 12,310,967 Balance sheet total 2023: € 12,310,967 ▼ 49% vs 2022 (€ 24,254,314) Unchanged	€ 9,687,533 Balance sheet total 2024: € 9,687,533 ▼ 21% vs 2023 (€ 12,310,967) Unchanged	€ 10,964,288 Balance sheet total 2025: € 10,964,288 ▲ 13% vs 2024 (€ 9,687,533) Unchanged	▲ 13%
Employees (FTE)	24.7 Employees (FTE) 2022: 24.7 First fiscal year in the series	23.8 Employees (FTE) 2023: 23.8 ▼ 0.9 vs 2022 (24.7) Unchanged	23 Employees (FTE) 2024: 23 ▼ 0.8 vs 2023 (23.8) Unchanged	22.8 Employees (FTE) 2025: 22.8 ▼ 0.2 vs 2024 (23) Unchanged	▼ 0.2

Key figures of HAGER Modulec, 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 HAGER Modulec?

What happened at HAGER Modulec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Adrien Richter stepped down as director. NBB
2028 Dominique Weber stepped down as director. NBB
2028 Arnaud Lambert stepped down as director. NBB
Jul 1, 2026 New annual accounts for financial year 2025: profit of € 879,993 (▼ 4% vs 2024). Source: NBB ↗
2025 Adrien Richter became a director. NBB
2022 Dominique Weber became a director. NBB
2022 Arnaud Lambert became a director. NBB
Dec 23, 1980 New establishment in Dilbeek. KBO

In short

From € 525,080 profit in 2022 to € 879,993 profit in 2025.

Paid € 1.4 million in corporate taxes since 2022.

Best year ever: 2023, with € 1.3 million profit.

Paid out € 17 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Hager Electro SAS 100%

HAGER Modulec

The shares are held by Hager Electro SAS (100%).

Directors

According to the 2025 annual accounts

Adrien Richter

Director

since 2025 · until 2031

Dominique Weber

Director

since 2022 · until 2028

Arnaud Lambert

Managing director

since 2022 · until 2028

Shareholders

Hager Electro SAS

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Noordkustlaan 16C

1702 Dilbeek

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 →

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€ 13.1 million revenue · 2025

Papyrus Belgium Papier

€ 52.2 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0421.067.003

VAT number

BE 0421.067.003

Registered office

Noordkustlaan 16C, 1702 Dilbeek

Names & denominations

HAGER Modulec

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

23 December 1980

Peppol

Active · Active since 25 Sept 2025

Activities · NACE

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Groothandel in elektrisch materiaal inclusief installatiemateriaal

View on CBE Public ↗ Annual accounts (NBB) ↗

HAGER Modulec

Financials

What happened to HAGER Modulec?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions