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
Minelec Projects from Middelkerke, company number BE0451327538, closed financial year 2025 with a result of € -13,671 after tax. For that financial year Minelec Projects recorded a gross margin of € 2,298 and equity of € 135,513. Compared with financial year 2024, the result moved from € -3,227 to € -13,671. The company made a loss. The buffer shrank hard: equity is 64 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2026.
€ 135,513
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,671
▼ 324 % more loss than in 2024
Profit after tax over the fiscal year.
€ 312,799
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 115,062.
People and assets in 2025
€ 37,093
▼ 25% 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.
€ 945
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,858 | € -5,540 | € 5,244 | € 2,298 | ▼ 56% |
| Profit after taxes | € -13,249 | € -12,428 | € -3,227 | € -13,671 | ▼ € 10,444 |
| Equity | € 424,439 | € 412,011 | € 378,784 | € 135,513 | ▼ 64% |
| Total debts | € 1,963 | € 1,857 | € 30,654 | € 230,545 | ▲ € 199,891 |
| Cash | € 394,179 | € 383,672 | € 339,188 | € 312,799 | ▼ 8% |
| Land & buildings | € 26,556 | € 22,725 | € 18,894 | € 15,063 | ▼ 20% |
| Retained profit | € 403,988 | € 391,560 | € 358,333 | € 115,062 | ▼ 68% |
| Dividend | € 0 | € 0 | € 30,000 | € 229,600 | ▲ € 199,600 |
| Balance sheet total | € 426,402 | € 413,868 | € 409,438 | € 366,058 | ▼ 11% |
Key figures of Minelec Projects, 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 Minelec Projects?
What happened at Minelec Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,671. filed late Source: NBB ↗
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,249 loss in 2022 to € 13,671 loss in 2025.
Paid € 2,089 in corporate taxes since 2022.
Paid out € 259,600 in dividends to the owners in total.
Management
Behind Minelec Projects is Erik De waele.
Directors
According to the 2025 annual accounts
Erik De waele
Director
Establishments
Establishment units
Physical locations of this company
Hooilandstraat 25
8434 Middelkerke
Dorpstraat 68
1785 Merchtem
Active since 13 December 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.327.538
- VAT number
- BE 0451.327.538
- Registered office
- Hooilandstraat 25, 8434 Middelkerke
- Names & denominations
- Minelec Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 1993
- Peppol
- Active · Active since 16 Jul 2025
- Activities · NACE
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