Financials
Financial year 2025
WESTINGHOUSE ELECTRIC BELGIUM from Nivelles, company number BE0449543728, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year WESTINGHOUSE ELECTRIC BELGIUM recorded revenue of € 77.1 million and equity of € 20.1 million. Compared with financial year 2024, the result moved from € 4.6 million to € 2.1 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 20.1 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 30.9 million
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.8 million.
People and assets in 2025
129
▲ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 18.6 million
▲ 8% vs 2024
€ 144,000 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.
€ 1.5 million
▲ 86% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18.5 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 129 days on average.
€ 6.9 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 48,400,148 | € 55,417,904 | € 57,375,157 | € 77,057,146 | ▲ 34% |
| Profit after taxes | € 2,976,040 | € -3,970,244 | € 4,568,864 | € 2,079,818 | ▼ 54% |
| Equity | € 9,687,206 | € 8,402,533 | € 17,993,024 | € 20,072,843 | ▲ 12% |
| Total debts | € 22,576,693 | € 46,211,029 | € 39,625,706 | € 47,841,074 | ▲ 21% |
| Cash | € 679,219 | € 15,403,317 | € 22,055,825 | € 30,895,959 | ▲ 40% |
| Land & buildings | € 9,801,767 | € 8,296,755 | € 7,743,477 | € 6,934,091 | ▼ 10% |
| Retained profit | € -17,212,794 | € 102,533 | € 4,671,397 | € 6,751,216 | ▲ 45% |
| Bank debt | € 0 | € 769,428 | € 0 | € 0 | |
| Balance sheet total | € 47,940,037 | € 69,755,476 | € 72,796,980 | € 83,073,263 | ▲ 14% |
| Employees (FTE) | 115.2 | 117.6 | 126 | 129 | ▲ 3 |
Key figures of WESTINGHOUSE ELECTRIC BELGIUM, fiscal years 2021 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 WESTINGHOUSE ELECTRIC BELGIUM?
What happened at WESTINGHOUSE ELECTRIC BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carl Axel Johan Hallen stepped down as director. NBB
- Didier Labye stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▼ 54% vs 2024). filed late Source: NBB ↗
- Phillippe Corbisier stepped down as director. NBB
- Carl Axel Johan Hallen became a director. NBB
- Didier Labye became a director. NBB
- Phillippe Corbisier became a director. NBB
- New establishment in Nivelles. KBO
In short
From € 3 million profit in 2021 to € 2.1 million profit in 2025.
Paid € 3.1 million in corporate taxes since 2021.
Best year ever: 2024, with € 4.6 million profit.
Pays suppliers within 129 days on average.
A new publication or filing at WESTINGHOUSE ELECTRIC BELGIUM? We notify you, reason included.
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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%
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Management
It owns 99.8% of Westinghouse Electric Do Brasil Seriços e Consultoria Para Centrais Nucleares Ltd itself.
Directors
According to the 2025 annual accounts
Carl Axel Johan Hallen
Director
since 2024 · until 2030
Didier Labye
Director
since 2024 · until 2030
Phillippe Corbisier
Managing director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Rue de l'Industrie 43
1400 Nivelles
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
LIQUIDWEB - Liquid Web, L.L.C, US
DNS
NS1
Domain
Domain
westinghousenuclear.com
Registered
2003-01-23
Registrar
Network Solutions, LLC
Expires
2028-01-23
Website info
Features
Security
Details
- Company number
- 0449.543.728
- VAT number
- BE 0449.543.728
- Registered office
- Rue de l'Industrie 43, 1400 Nivelles
- Names & denominations
- WESTINGHOUSE ELECTRIC BELGIUM · WEB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 1993
- Peppol
- Active · Active since 15 Apr 2026
- Activities · NACE
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