Financials
Financial year 2025
ELWECO from Maasmechelen, company number BE0436891958, closed financial year 2025 with a result of € 201,973 after tax. For that financial year ELWECO recorded a gross margin of € 589,595 and equity of € 768,864. Compared with financial year 2024, the result moved from € 117,101 to € 201,973. Profitable, and profit is growing. 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 29, 2026.
€ 768,864
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 201,973
▲ 72% vs 2024
Profit after tax over the fiscal year.
€ 401,293
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 32,453 paid out
16 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 221,782
▼ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,969
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 176,904
▼ 12% vs 2024
€ 26,863 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 47,827
▲ € 43,469 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,889
▲ € 46,630 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 568,179 | € 418,298 | € 492,763 | € 589,595 | ▲ 20% |
| Profit after taxes | € 70,567 | € -10,191 | € 117,101 | € 201,973 | ▲ 72% |
| Equity | € 492,436 | € 482,245 | € 599,345 | € 768,864 | ▲ 28% |
| Total debts | € 440,605 | € 385,909 | € 223,026 | € 317,801 | ▲ 42% |
| Cash | € 119,557 | € 177,739 | € 221,095 | € 401,293 | ▲ 82% |
| Land & buildings | € 380,299 | € 356,938 | € 341,769 | € 347,773 | ▲ 2% |
| Retained profit | € 337,936 | € 327,745 | € 444,845 | € 614,364 | ▲ 38% |
| Dividend | € 0 | € 0 | € 0 | € 32,453 | |
| Bank debt | € 363,361 | € 315,894 | € 200,680 | € 176,904 | ▼ 12% |
| Balance sheet total | € 933,040 | € 868,154 | € 822,371 | € 1,086,665 | ▲ 32% |
| Employees (FTE) | 10.3 | 7.2 | - | - |
Key figures of ELWECO, 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 ELWECO?
What happened at ELWECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 201,973 (▲ 72% vs 2024). Source: NBB ↗
- YVES CONINGS became a director. NBB
- MARC CONINGS stepped down as director. NBB
- New establishment in Maasmechelen. KBO
- New establishment in Maasmechelen. KBO
- New establishment in Maasmechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 70,567 profit in 2022 to € 201,973 profit in 2025.
Paid € 168,218 in corporate taxes since 2022.
Best year ever: 2025, with € 201,973 profit.
On average € 58,100 of value added per employee in 2023.
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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
Directors
According to the 2025 annual accounts
YVES CONINGS
Director
since 2024
MARC CONINGS
Director
· until 2024
Establishments
Establishment units
Physical locations of this company
Grotestraat(B) 81
3631 Maasmechelen
Slakweidestraat(B) 7
3631 Maasmechelen
Active since 20 March 1989
Paanhuisstraat(U) 9
3631 Maasmechelen
Active since 1 April 2014
Herkveldstraat(U) 2 box 2
3630 Maasmechelen
Active since 1 July 2020
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.891.958
- VAT number
- BE 0436.891.958
- Registered office
- Grotestraat(B) 81, 3631 Maasmechelen
- Names & denominations
- ELWECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 1989
- Peppol
- Active · Active since 26 Jul 2024
- Activities · NACE
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Hotels en dergelijke accommodatie
Cafés en bars