What does KORELEC do?

KORELEC is a wholesaler in Kuurne. Private Limited, started on 27 April 1982, 1 establishment.

What is the address of KORELEC?

The registered office of KORELEC is located at Brugsesteenweg 153, 8520 Kuurne.

Is KORELEC still active?

Yes. According to the CBE (29 October 2026) KORELEC is active, legal situation “Normale toestand”, started on 27 April 1982.

Is KORELEC registered on Peppol?

Yes, KORELEC is registered on the Peppol network with ID 0208:0422651269.

What is the enterprise number of KORELEC?

The enterprise number of KORELEC is BE0422651269.

When was KORELEC founded?

KORELEC was founded on 27 April 1982.

Who are the directors of KORELEC?

According to the 2025 annual accounts, the directors of KORELEC are: PIETER WILLEQUET BV.

Is KORELEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 April 1982; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did KORELEC make in 2025?

KORELEC posted a profit after taxes of € 707,759 in financial year 2025.

What is the revenue of KORELEC?

As a small company, KORELEC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,620,126.

How much does an employee at KORELEC earn?

The average wage cost per full-time employee at KORELEC was € 94,600 in 2025: staff costs of € 1.6 million for 16.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does KORELEC have?

According to the 2025 annual accounts, KORELEC has 16.8 full-time equivalents (FTE).

Does KORELEC have a website?

Yes, KORELEC has a website at korelec.com.

KORELEC (Private Limited) - Kuurne - BE0422651269

Dossier KORELEC, printed on 29 October 2026 from databakkes.be/en/0422651269/korelec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

KORELEC from Kuurne, company number BE0422651269, closed financial year 2025 with a result of € 707,759 after tax. For that financial year KORELEC recorded a gross margin of € 2.6 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 716,109 to € 707,759. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Growing

€ 3.5 million

▲ 10% vs 2024

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

Profit Healthy

€ 707,759

▼ 1% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.5 million

▲ 30% vs 2024

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

Where the profit goes Pays out

€ 400,000 paid out

57 % of the profit went to the shareholders, mostly to PIETER WILLEQUET (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

16.8

▲ 1.5 vs 2024

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

Wage cost

€ 1.6 million

▲ 12% vs 2024

€ 94,600 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

€ 268,530

▲ 10% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 2,161

▼ 86% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 111,342

▲ 40% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 177,039

▲ 1% 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
Gross margin	€ 2,131,219 Gross margin 2022: € 2,131,219 First fiscal year in the series	€ 2,183,094 Gross margin 2023: € 2,183,094 ▲ 2% vs 2022 (€ 2,131,219) Favourable step	€ 2,437,274 Gross margin 2024: € 2,437,274 ▲ 12% vs 2023 (€ 2,183,094) Favourable step	€ 2,620,126 Gross margin 2025: € 2,620,126 ▲ 8% vs 2024 (€ 2,437,274) Favourable step	▲ 8%
Profit after taxes	€ 598,012 Profit after taxes 2022: € 598,012 First fiscal year in the series	€ 605,665 Profit after taxes 2023: € 605,665 ▲ 1% vs 2022 (€ 598,012) Favourable step	€ 716,109 Profit after taxes 2024: € 716,109 ▲ 18% vs 2023 (€ 605,665) Favourable step	€ 707,759 Profit after taxes 2025: € 707,759 ▼ 1% vs 2024 (€ 716,109) Unfavourable step	▼ 1%
Equity	€ 2,505,818 Equity 2022: € 2,505,818 First fiscal year in the series	€ 2,711,483 Equity 2023: € 2,711,483 ▲ 8% vs 2022 (€ 2,505,818) Favourable step	€ 3,227,592 Equity 2024: € 3,227,592 ▲ 19% vs 2023 (€ 2,711,483) Favourable step	€ 3,535,352 Equity 2025: € 3,535,352 ▲ 10% vs 2024 (€ 3,227,592) Favourable step	▲ 10%
Total debts	€ 408,109 Total debts 2022: € 408,109 First fiscal year in the series	€ 986,108 Total debts 2023: € 986,108 ▲ 142% vs 2022 (€ 408,109) Unfavourable step	€ 482,500 Total debts 2024: € 482,500 ▼ 51% vs 2023 (€ 986,108) Favourable step	€ 501,993 Total debts 2025: € 501,993 ▲ 4% vs 2024 (€ 482,500) Unfavourable step	▲ 4%
Cash	€ 904,406 Cash 2022: € 904,406 First fiscal year in the series	€ 1,068,762 Cash 2023: € 1,068,762 ▲ 18% vs 2022 (€ 904,406) Favourable step	€ 1,185,772 Cash 2024: € 1,185,772 ▲ 11% vs 2023 (€ 1,068,762) Favourable step	€ 1,536,160 Cash 2025: € 1,536,160 ▲ 30% vs 2024 (€ 1,185,772) Favourable step	▲ 30%
Land & buildings	€ 394,340 Land & buildings 2022: € 394,340 First fiscal year in the series	€ 384,457 Land & buildings 2023: € 384,457 ▼ 3% vs 2022 (€ 394,340) Unchanged	€ 347,329 Land & buildings 2024: € 347,329 ▼ 10% vs 2023 (€ 384,457) Unchanged	€ 441,088 Land & buildings 2025: € 441,088 ▲ 27% vs 2024 (€ 347,329) Unchanged	▲ 27%
Retained profit	€ 2,445,818 Retained profit 2022: € 2,445,818 First fiscal year in the series	€ 2,651,483 Retained profit 2023: € 2,651,483 ▲ 8% vs 2022 (€ 2,445,818) Favourable step	€ 3,167,592 Retained profit 2024: € 3,167,592 ▲ 19% vs 2023 (€ 2,651,483) Favourable step	€ 3,475,352 Retained profit 2025: € 3,475,352 ▲ 10% vs 2024 (€ 3,167,592) Favourable step	▲ 10%
Dividend	€ 180,000 Dividend 2022: € 180,000 First fiscal year in the series	€ 400,000 Dividend 2023: € 400,000 ▲ 122% vs 2022 (€ 180,000) Unchanged	€ 200,000 Dividend 2024: € 200,000 ▼ 50% vs 2023 (€ 400,000) Unchanged	€ 400,000 Dividend 2025: € 400,000 ▲ 100% vs 2024 (€ 200,000) Unchanged	▲ 100%
Bank debt	€ 40,542 Bank debt 2022: € 40,542 First fiscal year in the series	€ 27,856 Bank debt 2023: € 27,856 ▼ 31% vs 2022 (€ 40,542) Favourable step	€ 15,062 Bank debt 2024: € 15,062 ▼ 46% vs 2023 (€ 27,856) Favourable step	€ 2,161 Bank debt 2025: € 2,161 ▼ 86% vs 2024 (€ 15,062) Favourable step	▼ 86%
Balance sheet total	€ 2,916,178 Balance sheet total 2022: € 2,916,178 First fiscal year in the series	€ 3,701,629 Balance sheet total 2023: € 3,701,629 ▲ 27% vs 2022 (€ 2,916,178) Unchanged	€ 3,713,425 Balance sheet total 2024: € 3,713,425 Unchanged (€ 3,701,629) Unchanged	€ 4,039,889 Balance sheet total 2025: € 4,039,889 ▲ 9% vs 2024 (€ 3,713,425) Unchanged	▲ 9%
Employees (FTE)	15.4 Employees (FTE) 2022: 15.4 First fiscal year in the series	15.7 Employees (FTE) 2023: 15.7 ▲ 0.3 vs 2022 (15.4) Unchanged	15.3 Employees (FTE) 2024: 15.3 ▼ 0.4 vs 2023 (15.7) Unchanged	16.8 Employees (FTE) 2025: 16.8 ▲ 1.5 vs 2024 (15.3) Unchanged	▲ 1.5

Key figures of KORELEC, 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 KORELEC?

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

Jul 27, 2026 New annual accounts for financial year 2025: profit of € 707,759 (▼ 1% vs 2024). Source: NBB ↗
2012 PIETER WILLEQUET BV became a director. NBB
May 1, 1982 New establishment in Kuurne. KBO
Apr 27, 1982 Start of the company according to the CBE. KBO

In short

From € 598,012 profit in 2022 to € 707,759 profit in 2025.

Paid € 670,430 in corporate taxes since 2022.

Best year ever: 2024, with € 716,109 profit.

On average € 156,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

PIETER WILLEQUET 100%

The stake of PIETER WILLEQUET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

KORELEC

Behind KORELEC is PIETER WILLEQUET BV. The shares are held by PIETER WILLEQUET (100%).

Directors

According to the 2025 annual accounts

PIETER WILLEQUET BV

Director · represented by Willequet Pieter

since 2012

Shareholders

PIETER WILLEQUET

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Brugsesteenweg 153

8520 Kuurne

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

Website

HTTPS korelec.com

Canonical: https://www.korelec.com/nl

Technologies

AMPAWS S3Cookie ConsentFont AwesomeGoogle AnalyticsGoogle FontsGoogle MapsNginxOpenCartOptinMonsterYoast SEOreCAPTCHA

Hosting & Email

Email provider

Microsoft 365

Hosting

AMAZON-02 - Amazon.com, Inc., US

Domain

korelec.com

Registered

1999-11-09

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-11-09

Website info

HTTPS Ja

Languages NL

Features

Webshop Blog Jobs Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Details

Company number

0422.651.269

VAT number

BE 0422.651.269

Registered office

Brugsesteenweg 153, 8520 Kuurne

Names & denominations

KORELEC

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 April 1982

Peppol

Active · Active since 1 Jan 2001

Contact

korelec.com

Activities · NACE

Groothandel in andere consumentenartikelen, neg

Overige groothandel in consumentenartikelen, n.e.g.

Elektrische installatie

Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗

KORELEC

Financials

What happened to KORELEC?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions