WELEC is an electrical contractor in Westerlo. Public Limited, started on 11 April 1991, 1 establishment.

What is the address of WELEC?

The registered office of WELEC is located at Ambachtenstraat 4, 2260 Westerlo.

Is WELEC still active?

Yes. According to the CBE (29 October 2026) WELEC is active, legal situation “Normale toestand”, started on 11 April 1991.

Is WELEC registered on Peppol?

Yes, WELEC is registered on the Peppol network with ID 0208:0443800734.

What is the enterprise number of WELEC?

The enterprise number of WELEC is BE0443800734.

When was WELEC founded?

WELEC was founded on 11 April 1991.

Who are the directors of WELEC?

According to the 2026 annual accounts, the directors of WELEC are: Jef Eyckmans, JEJA NV.

Is WELEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 11 April 1991; 5 annual accounts filed, latest fiscal year 2026; 2 directors known from the annual account.

How much profit did WELEC make in 2026?

WELEC posted a profit after taxes of € 1,452,453 in financial year 2026.

What is the revenue of WELEC?

In its most recent annual accounts (2026), WELEC reported revenue of € 29,804,795.

How much does an employee at WELEC earn?

The average wage cost per full-time employee at WELEC was € 72,200 in 2026: staff costs of € 7.1 million for 98.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does WELEC have?

According to the 2026 annual accounts, WELEC has 98.8 full-time equivalents (FTE).

WELEC (Public Limited) - Westerlo - BE0443800734

Dossier WELEC, printed on 29 October 2026 from databakkes.be/en/0443800734/welec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2026

WELEC from Westerlo, company number BE0443800734, closed financial year 2026 with a result of € 1.5 million after tax. For that financial year WELEC recorded revenue of € 29.8 million and equity of € 11 million. Compared with financial year 2025, the result moved from € 1.2 million to € 1.5 million. 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 October 19, 2026.

What it is worth Growing

€ 11 million

▲ 15% vs 2025

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

Profit Growing

€ 1.5 million

▲ 21% vs 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 6.5 million

▲ 126% vs 2025

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

Where the profit goes Growing

Stays in the company

No dividend for 2026. Retained profit grew to € 9.1 million.

People and assets in 2026

Full-time equivalents

98.8

▲ 1.3 vs 2025

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: € 6.5 million in 2026, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 7.1 million

▲ 7% vs 2025

€ 72,200 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

€ 529,921

▲ 12% vs 2025

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.4 million

▲ 67% vs 2025

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.

Taxes and wages

€ 1.1 million

▼ 10% vs 2025

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Revenue	€ 21,229,723 Revenue 2023: € 21,229,723 First fiscal year in the series	€ 22,487,929 Revenue 2024: € 22,487,929 ▲ 6% vs 2023 (€ 21,229,723) Favourable step	€ 23,594,037 Revenue 2025: € 23,594,037 ▲ 5% vs 2024 (€ 22,487,929) Favourable step	€ 29,804,795 Revenue 2026: € 29,804,795 ▲ 26% vs 2025 (€ 23,594,037) Favourable step	▲ 26%
Profit after taxes	€ 514,261 Profit after taxes 2023: € 514,261 First fiscal year in the series	€ 1,096,948 Profit after taxes 2024: € 1,096,948 ▲ 113% vs 2023 (€ 514,261) Favourable step	€ 1,199,432 Profit after taxes 2025: € 1,199,432 ▲ 9% vs 2024 (€ 1,096,948) Favourable step	€ 1,452,453 Profit after taxes 2026: € 1,452,453 ▲ 21% vs 2025 (€ 1,199,432) Favourable step	▲ 21%
Equity	€ 7,227,442 Equity 2023: € 7,227,442 First fiscal year in the series	€ 8,324,391 Equity 2024: € 8,324,391 ▲ 15% vs 2023 (€ 7,227,442) Favourable step	€ 9,523,822 Equity 2025: € 9,523,822 ▲ 14% vs 2024 (€ 8,324,391) Favourable step	€ 10,976,275 Equity 2026: € 10,976,275 ▲ 15% vs 2025 (€ 9,523,822) Favourable step	▲ 15%
Total debts	€ 3,631,530 Total debts 2023: € 3,631,530 First fiscal year in the series	€ 4,308,674 Total debts 2024: € 4,308,674 ▲ 19% vs 2023 (€ 3,631,530) Unfavourable step	€ 4,088,148 Total debts 2025: € 4,088,148 ▼ 5% vs 2024 (€ 4,308,674) Favourable step	€ 6,064,424 Total debts 2026: € 6,064,424 ▲ 48% vs 2025 (€ 4,088,148) Unfavourable step	▲ 48%
Cash	€ 2,627,615 Cash 2023: € 2,627,615 First fiscal year in the series	€ 2,321,730 Cash 2024: € 2,321,730 ▼ 12% vs 2023 (€ 2,627,615) Unfavourable step	€ 2,888,978 Cash 2025: € 2,888,978 ▲ 24% vs 2024 (€ 2,321,730) Favourable step	€ 6,530,472 Cash 2026: € 6,530,472 ▲ 126% vs 2025 (€ 2,888,978) Favourable step	▲ 126%
Land & buildings	€ 254,575 Land & buildings 2023: € 254,575 First fiscal year in the series	€ 256,025 Land & buildings 2024: € 256,025 ▲ 1% vs 2023 (€ 254,575) Unchanged	€ 229,860 Land & buildings 2025: € 229,860 ▼ 10% vs 2024 (€ 256,025) Unchanged	€ 203,098 Land & buildings 2026: € 203,098 ▼ 12% vs 2025 (€ 229,860) Unchanged	▼ 12%
Retained profit	€ 5,327,442 Retained profit 2023: € 5,327,442 First fiscal year in the series	€ 6,424,391 Retained profit 2024: € 6,424,391 ▲ 21% vs 2023 (€ 5,327,442) Favourable step	€ 7,623,822 Retained profit 2025: € 7,623,822 ▲ 19% vs 2024 (€ 6,424,391) Favourable step	€ 9,076,275 Retained profit 2026: € 9,076,275 ▲ 19% vs 2025 (€ 7,623,822) Favourable step	▲ 19%
Bank debt	€ 78,714 Bank debt 2023: € 78,714 First fiscal year in the series	€ 33,965 Bank debt 2024: € 33,965 ▼ 57% vs 2023 (€ 78,714) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 33,965) Favourable step	€ 0 Bank debt 2026: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 10,988,472 Balance sheet total 2023: € 10,988,472 First fiscal year in the series	€ 12,762,564 Balance sheet total 2024: € 12,762,564 ▲ 16% vs 2023 (€ 10,988,472) Unchanged	€ 13,741,470 Balance sheet total 2025: € 13,741,470 ▲ 8% vs 2024 (€ 12,762,564) Unchanged	€ 17,814,935 Balance sheet total 2026: € 17,814,935 ▲ 30% vs 2025 (€ 13,741,470) Unchanged	▲ 30%
Employees (FTE)	89.2 Employees (FTE) 2023: 89.2 First fiscal year in the series	91.5 Employees (FTE) 2024: 91.5 ▲ 2.3 vs 2023 (89.2) Unchanged	97.5 Employees (FTE) 2025: 97.5 ▲ 6 vs 2024 (91.5) Unchanged	98.8 Employees (FTE) 2026: 98.8 ▲ 1.3 vs 2025 (97.5) Unchanged	▲ 1.3

Key figures of WELEC, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to WELEC?

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

2027 Jef Eyckmans stepped down as director. NBB
2027 JEJA NV stepped down as director. NBB
Oct 19, 2026 New annual accounts for financial year 2026: profit of € 1.5 million (▲ 21% vs 2025). Source: NBB ↗
2021 Jef Eyckmans became a director. NBB
2021 JEJA NV became a director. NBB
Apr 22, 1991 New establishment in Westerlo. KBO
Apr 11, 1991 Start of the company according to the CBE. KBO

In short

From € 514,261 profit in 2023 to € 1.5 million profit in 2026.

Paid € 1.7 million in corporate taxes since 2023.

Best year ever: 2026, with € 1.5 million profit.

Pays suppliers within 82 days on average.

Original PDFs at the National Bank ↗

Management

JEJA 94.4%

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

WELEC

The shares are held by JEJA (94.4%).

Directors

According to the 2026 annual accounts

Jef Eyckmans

Director

Also active at: JEJA, MOTIK, WEBE

since 2021 · until 2027

JEJA NV

Director · represented by Jan Eyckmans

since 2021 · until 2027

Shareholders

JEJA

94.4%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Ambachtenstraat 4

2260 Westerlo

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 →

WEBE same network

€ 468,019 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

0443.800.734

VAT number

BE 0443.800.734

Registered office

Ambachtenstraat 4, 2260 Westerlo

Names & denominations

WELEC

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

11 April 1991

Peppol

Active · Active since 14 Nov 2024

Activities · NACE

Algemene elektrotechnische installatiewerken

Elektrische installatie

Vervaardiging van hydraulische en pneumatische apparatuur

Winning, behandeling en distributie van water

Bouw van civieltechnische werken voor elektriciteit en telecommunicatie

Andere afvalverwijdering

Bouw van autowegen en andere wegen

Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen

View on CBE Public ↗ Annual accounts (NBB) ↗

WELEC

Financials

What happened to WELEC?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions