Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES from Courcelles, company number BE0442506179, closed financial year 2025 with a result of € 356,922 after tax. For that financial year INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES recorded a gross margin of € 2.4 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 196,410 to € 356,922. 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 20, 2026.
€ 1.2 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 356,922
▲ 82% vs 2024
Profit after tax over the fiscal year.
€ 82,872
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 185,000 paid out
52 % of the profit went to the shareholders, mostly to IGSE (100 % of the shares). That is where the money ends up.
People and assets in 2025
23.9
▼ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 3% vs 2024
€ 67,100 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.
€ 46,277
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 573,500
▼ 24% vs 2024
€ 105,916 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 464,359
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 231,751
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,446,593 | - | - | - | |
| Gross margin | € 1,436,737 | € 2,217,692 | € 2,080,687 | € 2,435,338 | ▲ 17% |
| Profit after taxes | € 88,586 | € 186,409 | € 196,410 | € 356,922 | ▲ 82% |
| Equity | € 1,068,325 | € 993,898 | € 1,009,458 | € 1,175,530 | ▲ 16% |
| Total debts | € 1,913,275 | € 2,089,708 | € 1,977,239 | € 1,457,467 | ▼ 26% |
| Cash | € 304,947 | € 24,548 | € 297,960 | € 82,872 | ▼ 72% |
| Land & buildings | € 646,814 | € 591,208 | € 546,160 | € 485,956 | ▼ 11% |
| Retained profit | € 759,298 | € 690,721 | € 712,131 | € 884,053 | ▲ 24% |
| Dividend | € 400,000 | € 250,000 | € 175,000 | € 185,000 | ▲ 6% |
| Bank debt | € 746,670 | € 728,881 | € 755,775 | € 573,500 | ▼ 24% |
| Balance sheet total | € 3,014,983 | € 3,114,421 | € 3,014,944 | € 2,658,675 | ▼ 12% |
| Employees (FTE) | 18.2 | 24 | 28.1 | 23.9 | ▼ 4.2 |
Key figures of INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES, 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 INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES?
What happened at INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FABIAN DUBRECQ stepped down as director. NBB
- BM INVEST SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 356,922 (▲ 82% vs 2024). Source: NBB ↗
- FABIAN DUBRECQ became a director. NBB
- BM INVEST SRL became a director. NBB
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,586 profit in 2022 to € 356,922 profit in 2025.
Paid € 341,595 in corporate taxes since 2022.
Best year ever: 2025, with € 356,922 profit.
On average € 101,900 of value added per employee in 2025.
Management
The shares are held by IGSE (100%).
Directors
According to the 2025 annual accounts
FABIAN DUBRECQ
Director
since 2023 · until 2029
Director · represented by BIZET Luc
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Hainaut(CO) 86 box a
6180 Courcelles
Rue de Hainaut(CO) 86 box A
6180 Courcelles
Active since 24 January 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →DALCQ
€ 62.9 million revenue · 2025
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€ -1,643 gross margin · 2025
CLC PROTECT
€ 688,883 gross margin · 2025
AARKAM
€ 86,101 gross margin · 2025
Financière des Adrays
€ -99,591 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0442.506.179
- VAT number
- BE 0442.506.179
- Registered office
- Rue de Hainaut(CO) 86 bus a, 6180 Courcelles
- Names & denominations
- INSTALLATIONS, MAINTENANCE ET CONSTRUCTIONS ELECTROTECHNIQUES · I.M.C.E.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1991
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- imce.be
- Activities · NACE
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