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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
EXPELEC from Waterloo, company number BE0437087938, closed financial year 2025 with a result of € -2,019 after tax. For that financial year EXPELEC recorded a gross margin of € 12,946 and equity of € 83,696. Compared with financial year 2024, the result moved from € -1,467 to € -2,019. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 83,696
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,019
▼ 38 % more loss than in 2024
Profit after tax over the fiscal year.
€ 13,796
▲ 295% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -103,277.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 19,123
▲ 110% vs 2024
Of which on lease € 9,999.
Debts at end 2025
€ 170,936
▼ 4% vs 2024
€ 7,261 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 8,191
▲ € 7,608 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,099
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,290 | € 56,751 | € 18,908 | € 12,946 | ▼ 32% |
| Profit after taxes | € -15,932 | € 27,754 | € -1,467 | € -2,019 | ▼ € 551 |
| Equity | € 59,428 | € 87,182 | € 85,715 | € 83,696 | ▼ 2% |
| Total debts | € 219,010 | € 197,513 | € 190,288 | € 185,226 | ▼ 3% |
| Cash | € 24,660 | € 19,996 | € 3,492 | € 13,796 | ▲ 295% |
| Land & buildings | € 159,042 | € 154,961 | € 150,879 | € 146,797 | ▼ 3% |
| Retained profit | € -127,545 | € -99,791 | € -101,258 | € -103,277 | ▼ € 2,019 |
| Bank debt | € 207,917 | € 184,800 | € 177,976 | € 170,936 | ▼ 4% |
| Balance sheet total | € 278,438 | € 284,696 | € 276,003 | € 268,923 | ▼ 3% |
Key figures of EXPELEC, 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 EXPELEC?
What happened at EXPELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,019. filed late Source: NBB ↗
- New establishment in Braine-l'Alleud. KBO
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,932 loss in 2022 to € 2,019 loss in 2025.
Paid € 8,516 in corporate taxes since 2022.
Best year ever: 2023, with € 27,754 profit.
Management
Behind EXPELEC is NICOLAS von OBERNDORFF.
Directors
According to the 2025 annual accounts
NICOLAS von OBERNDORFF
Managing director
Establishments
Establishment units
Physical locations of this company
Avenue des Coquelicots 3
1410 Waterloo
Chaussée de Tubize 481
1420 Braine-l'Alleud
Active since 2 September 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.087.938
- VAT number
- BE 0437.087.938
- Registered office
- Avenue des Coquelicots 3, 1410 Waterloo
- Names & denominations
- EXPELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1989
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal