What does THE BELGIAN do?

THE BELGIAN is a wholesaler in Meise. Public Limited, started on 25 June 1988, 1 establishment.

What is the address of THE BELGIAN?

The registered office of THE BELGIAN is located at Slozenstraat 86, 1861 Meise.

Is THE BELGIAN still active?

Yes. According to the CBE (29 October 2026) THE BELGIAN is active, legal situation “Normale toestand”, started on 25 June 1988.

Is THE BELGIAN registered on Peppol?

Yes, THE BELGIAN is registered on the Peppol network with ID 0208:0434631165.

What is the enterprise number of THE BELGIAN?

The enterprise number of THE BELGIAN is BE0434631165.

When was THE BELGIAN founded?

THE BELGIAN was founded on 25 June 1988.

Who are the directors of THE BELGIAN?

According to the 2025 annual accounts, the directors of THE BELGIAN are: The Belgian Chess Strategy VOF, Macon BV, Sekofer BV, Cassiopeia BV, Anne-Marie Baecke.

Is THE BELGIAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 June 1988; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did THE BELGIAN make in 2025?

THE BELGIAN posted a profit after taxes of € 3,612,256 in financial year 2025.

What is the revenue of THE BELGIAN?

In its most recent annual accounts (2025), THE BELGIAN reported revenue of € 17,711,132.

How much does an employee at THE BELGIAN earn?

The average wage cost per full-time employee at THE BELGIAN was € 64,700 in 2025: staff costs of € 3.8 million for 59.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does THE BELGIAN have?

According to the 2025 annual accounts, THE BELGIAN has 59.4 full-time equivalents (FTE).

THE BELGIAN (Public Limited) - Meise - BE0434631165

Dossier THE BELGIAN, printed on 29 October 2026 from databakkes.be/en/0434631165/the-belgian. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

THE BELGIAN from Meise, company number BE0434631165, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year THE BELGIAN recorded revenue of € 17.7 million and equity of € 14.4 million. Compared with financial year 2024, the result moved from € 5.7 million to € 3.6 million. 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 June 9, 2026.

What it is worth Growing

€ 14.4 million

▲ 33% vs 2024

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

Profit Healthy

€ 3.6 million

▼ 37% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 781,090

▼ 92% vs 2024

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

Where the profit goes Pays out

€ 45,000 paid out

1 % of the profit went to the shareholders, mostly to Sekofer (97 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

59.4

▲ 4.5 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: € 1.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.8 million

▲ 15% vs 2024

€ 64,700 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

€ 635,754

▼ 13% 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

€ 543,536

▼ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.

Taxes and wages

€ 520,143

▼ 30% 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	€ 13,685,503 Revenue 2022: € 13,685,503 First fiscal year in the series	€ 14,819,004 Revenue 2023: € 14,819,004 ▲ 8% vs 2022 (€ 13,685,503) Favourable step	€ 15,968,127 Revenue 2024: € 15,968,127 ▲ 8% vs 2023 (€ 14,819,004) Favourable step	€ 17,711,132 Revenue 2025: € 17,711,132 ▲ 11% vs 2024 (€ 15,968,127) Favourable step	▲ 11%
Profit after taxes	€ 2,170,389 Profit after taxes 2022: € 2,170,389 First fiscal year in the series	€ 2,821,224 Profit after taxes 2023: € 2,821,224 ▲ 30% vs 2022 (€ 2,170,389) Favourable step	€ 5,719,018 Profit after taxes 2024: € 5,719,018 ▲ 103% vs 2023 (€ 2,821,224) Favourable step	€ 3,612,256 Profit after taxes 2025: € 3,612,256 ▼ 37% vs 2024 (€ 5,719,018) Unfavourable step	▼ 37%
Equity	€ 8,226,829 Equity 2022: € 8,226,829 First fiscal year in the series	€ 8,882,301 Equity 2023: € 8,882,301 ▲ 8% vs 2022 (€ 8,226,829) Favourable step	€ 10,851,319 Equity 2024: € 10,851,319 ▲ 22% vs 2023 (€ 8,882,301) Favourable step	€ 14,418,575 Equity 2025: € 14,418,575 ▲ 33% vs 2024 (€ 10,851,319) Favourable step	▲ 33%
Total debts	€ 3,799,766 Total debts 2022: € 3,799,766 First fiscal year in the series	€ 4,854,495 Total debts 2023: € 4,854,495 ▲ 28% vs 2022 (€ 3,799,766) Unfavourable step	€ 5,673,385 Total debts 2024: € 5,673,385 ▲ 17% vs 2023 (€ 4,854,495) Unfavourable step	€ 3,325,073 Total debts 2025: € 3,325,073 ▼ 41% vs 2024 (€ 5,673,385) Favourable step	▼ 41%
Cash	€ 208,036 Cash 2022: € 208,036 First fiscal year in the series	€ 1,272,906 Cash 2023: € 1,272,906 ▲ € 1.1 million vs 2022 (€ 208,036) Favourable step	€ 9,676,144 Cash 2024: € 9,676,144 ▲ € 8.4 million vs 2023 (€ 1,272,906) Favourable step	€ 781,090 Cash 2025: € 781,090 ▼ 92% vs 2024 (€ 9,676,144) Unfavourable step	▼ 92%
Land & buildings	€ 75,418 Land & buildings 2022: € 75,418 First fiscal year in the series	€ 94,980 Land & buildings 2023: € 94,980 ▲ 26% vs 2022 (€ 75,418) Unchanged	€ 87,679 Land & buildings 2024: € 87,679 ▼ 8% vs 2023 (€ 94,980) Unchanged	€ 93,198 Land & buildings 2025: € 93,198 ▲ 6% vs 2024 (€ 87,679) Unchanged	▲ 6%
Retained profit	€ 8,126,829 Retained profit 2022: € 8,126,829 First fiscal year in the series	€ 8,782,301 Retained profit 2023: € 8,782,301 ▲ 8% vs 2022 (€ 8,126,829) Favourable step	€ 10,751,319 Retained profit 2024: € 10,751,319 ▲ 22% vs 2023 (€ 8,782,301) Favourable step	€ 14,318,575 Retained profit 2025: € 14,318,575 ▲ 33% vs 2024 (€ 10,751,319) Favourable step	▲ 33%
Dividend	€ 1,746,861 Dividend 2022: € 1,746,861 First fiscal year in the series	€ 2,165,751 Dividend 2023: € 2,165,751 ▲ 24% vs 2022 (€ 1,746,861) Unchanged	€ 3,750,000 Dividend 2024: € 3,750,000 ▲ 73% vs 2023 (€ 2,165,751) Unchanged	€ 45,000 Dividend 2025: € 45,000 ▼ 99% vs 2024 (€ 3,750,000) Unchanged	▼ 99%
Balance sheet total	€ 12,026,594 Balance sheet total 2022: € 12,026,594 First fiscal year in the series	€ 13,736,797 Balance sheet total 2023: € 13,736,797 ▲ 14% vs 2022 (€ 12,026,594) Unchanged	€ 16,524,704 Balance sheet total 2024: € 16,524,704 ▲ 20% vs 2023 (€ 13,736,797) Unchanged	€ 17,743,649 Balance sheet total 2025: € 17,743,649 ▲ 7% vs 2024 (€ 16,524,704) Unchanged	▲ 7%
Employees (FTE)	53.2 Employees (FTE) 2022: 53.2 First fiscal year in the series	51.9 Employees (FTE) 2023: 51.9 ▼ 1.3 vs 2022 (53.2) Unchanged	54.9 Employees (FTE) 2024: 54.9 ▲ 3 vs 2023 (51.9) Unchanged	59.4 Employees (FTE) 2025: 59.4 ▲ 4.5 vs 2024 (54.9) Unchanged	▲ 4.5

Key figures of THE BELGIAN, 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 THE BELGIAN?

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

2031 Anne-Marie Baecke stepped down as director. NBB
2029 The Belgian Chess Strategy VOF stepped down as director. NBB
2029 Macon BV stepped down as director. NBB
2029 Sekofer BV stepped down as director. NBB
2028 Cassiopeia BV stepped down as director. NBB
Jun 9, 2026 New annual accounts for financial year 2025: profit of € 3.6 million (▼ 37% vs 2024). Source: NBB ↗
2025 Macon BV became a director. NBB
2025 Anne-Marie Baecke became a director. NBB

In short

From € 2.2 million profit in 2022 to € 3.6 million profit in 2025.

Paid € 4 million in corporate taxes since 2022.

Best year ever: 2024, with € 5.7 million profit.

Paid out € 7.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Sekofer 97.1%

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

THE BELGIAN

The shares are held by Sekofer (97.1%).

Directors

According to the 2025 annual accounts

The Belgian Chess Strategy VOF

Director · represented by Walter Tonoli

since 2023 · until 2029

Macon BV

Director · represented by Guy Wynendaele

since 2025 · until 2029

Sekofer BV

Managing director · represented by Benjamin Tonoli

since 2023 · until 2029

Cassiopeia BV

Director · represented by Wim Vandenberghe

Also active at: Rf TECHNOLOGIES, LCL, ENIVEON

since 2023 · until 2028

Anne-Marie Baecke

Director

Also active at: IP Security Distribution

since 2025 · until 2031

Shareholders

Sekofer

97.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Slozenstraat 86

1861 Meise

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

IP Security Distribution same network

€ 1 million gross margin · 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

0434.631.165

VAT number

BE 0434.631.165

Registered office

Slozenstraat 86, 1861 Meise

Names & denominations

THE BELGIAN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

25 June 1988

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Groothandel in elektrisch materiaal inclusief installatiemateriaal

Algemene elektrotechnische installatiewerken

Elektrische installatie

View on CBE Public ↗ Annual accounts (NBB) ↗

THE BELGIAN

Financials

What happened to THE BELGIAN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions