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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELEKTRO LOETERS from Oostende, company number BE0460057637, closed financial year 2025 with a result of € 6 million after tax. For that financial year ELEKTRO LOETERS recorded revenue of € 67.6 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 5 million to € 6 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 9.4 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6 million
▲ 20% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
42.1
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 5% vs 2024
€ 58,600 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.
€ 331,286
▲ 42% vs 2024
Of which on lease € 67,353.
Debts at end 2025
€ 72,482
▼ 17% vs 2024
€ 15,084 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 448,980
▲ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 3 days on average.
€ 1 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 61,638,204 | € 63,295,683 | € 67,571,364 | ▲ 7% |
| Gross margin | € 8,214,168 | - | - | - | |
| Profit after taxes | € 5,869,477 | € 4,541,333 | € 5,008,813 | € 6,008,776 | ▲ 20% |
| Equity | € 7,824,416 | € 8,865,749 | € 9,874,562 | € 9,445,338 | ▼ 4% |
| Total debts | € 6,577,198 | € 6,546,779 | € 6,447,070 | € 9,314,928 | ▲ 44% |
| Cash | € 381,780 | € 1,791,659 | € 2,349,247 | € 1,281,693 | ▼ 45% |
| Land & buildings | € 161,000 | € 107,333 | € 53,667 | € 0 | ▼ 100% |
| Retained profit | € 7,624,416 | € 8,665,749 | € 9,674,562 | € 9,245,338 | ▼ 4% |
| Dividend | € 4,800,000 | € 3,500,000 | € 4,000,000 | € 6,438,000 | ▲ 61% |
| Bank debt | € 0 | € 0 | € 87,019 | € 72,482 | ▼ 17% |
| Balance sheet total | € 14,401,614 | € 15,412,528 | € 16,321,632 | € 18,760,265 | ▲ 15% |
| Employees (FTE) | 43.7 | 40.9 | 41.5 | 42.1 | ▲ 0.6 |
Key figures of ELEKTRO LOETERS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ELEKTRO LOETERS?
What happened at ELEKTRO LOETERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Loeters Invest BV stepped down as director. NBB
- Sint-Anna NV stepped down as director. NBB
- Maria Rosa Lagrou stepped down as director. NBB
- Loeters Project BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6 million (▲ 20% vs 2024). Source: NBB ↗
- Duo Maris BV stepped down as director. NBB
- New establishment in Hasselt. KBO
- New establishment in Aalst. KBO
In short
From € 5.9 million profit in 2022 to € 6 million profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 6 million profit.
On average € 188,000 of value added per employee in 2022.
Management
Directors
According to the 2025 annual accounts
Director · represented by Bart Brunet
since 2025 · until 2026
· until 2029
· until 2029
· until 2029
· until 2029
Establishments
Establishment units
Physical locations of this company
Kuipweg 15
8400 Oostende
Torhoutsesteenweg 616
8400 Oostende
Active since 22 April 1997
Brusselsesteenweg 43
9090 Merelbeke-Melle
Active since 21 November 2002
Kortrijkstraat 374
8560 Wevelgem
Active since 1 September 2007
Heidebaan 21
9100 Sint-Niklaas
Active since 6 January 2010
Blankenbergse Steenweg 420
8000 Brugge
Active since 1 June 2011
Antwerpsesteenweg 1074
9041 Gent
Active since 1 October 2012
Bruggesteenweg 297
8830 Hooglede
Active since 1 December 2013
Frans Beirenslaan 120
2150 Antwerpen
Active since 1 March 2018
Brusselse steenweg 41D
9300 Aalst
Active since 15 March 2025
Genkersteenweg 303 box A
3500 Hasselt
Active since 1 June 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0460.057.637
- VAT number
- BE 0460.057.637
- Registered office
- Kuipweg 15, 8400 Oostende
- Names & denominations
- ELEKTRO LOETERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 1997
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
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