Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 20.4 to 17.
Financials
Financial year 2025
STEEN ELEKTRICITEIT from Zedelgem, company number BE0473582209, closed financial year 2025 with a result of € 871,184 after tax. For that financial year STEEN ELEKTRICITEIT recorded a gross margin of € 2.7 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 804,287 to € 871,184. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 6, 2026.
€ 3.3 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 871,184
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 567,882
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
34 % of the profit went to the shareholders, mostly to STEEN & VDK TECHNIEKEN (100 % of the shares). That is where the money ends up.
People and assets in 2025
17
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 4% vs 2024
€ 69,600 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.
€ 1.6 million
▼ 8% vs 2024
Of which on lease € 1.5 million.
Debts at end 2025
€ 4.4 million
▲ 24% vs 2024
€ 327,006 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3.7 million
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 357,222
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,528,282 | € 2,416,204 | € 2,642,949 | € 2,713,257 | ▲ 3% |
| Profit after taxes | € 638,448 | € 522,975 | € 804,287 | € 871,184 | ▲ 8% |
| Equity | € 1,828,451 | € 2,176,426 | € 2,775,713 | € 3,346,897 | ▲ 21% |
| Total debts | € 6,052,943 | € 5,849,458 | € 12,740,420 | € 10,083,154 | ▼ 21% |
| Cash | € 185,463 | € 40,164 | € 620,229 | € 567,882 | ▼ 8% |
| Retained profit | € 1,766,951 | € 2,114,926 | € 2,714,213 | € 3,285,397 | ▲ 21% |
| Dividend | € 200,000 | € 175,000 | € 205,000 | € 300,000 | ▲ 46% |
| Bank debt | € 2,857,986 | € 3,379,479 | € 3,520,079 | € 4,355,862 | ▲ 24% |
| Balance sheet total | € 7,881,394 | € 8,025,884 | € 15,516,133 | € 13,430,050 | ▼ 13% |
| Employees (FTE) | 24 | 20.4 | 18.6 | 17 | ▼ 1.6 |
Key figures of STEEN ELEKTRICITEIT, 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 STEEN ELEKTRICITEIT?
What happened at STEEN ELEKTRICITEIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DELPHI INGENIEURSBUREAU CommV stepped down as director. NBB
- GEERT STEEN stepped down as director. NBB
- FRINGLOOS BV stepped down as director. NBB
- RIA DEGRAUWE stepped down as director. NBB
- STEEN & VDK TECHNIEKEN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 871,184 (▲ 8% vs 2024). Source: NBB ↗
- DELPHI INGENIEURSBUREAU CommV became a director. NBB
- GEERT STEEN became a director. NBB
In short
From € 638,448 profit in 2022 to € 871,184 profit in 2025.
Paid € 972,368 in corporate taxes since 2022.
Best year ever: 2025, with € 871,184 profit.
On average € 159,600 of value added per employee in 2025.
Management
The stake of STEEN & VDK TECHNIEKEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STEEN ELEKTRICITEITThe shares are held by STEEN & VDK TECHNIEKEN (100%).
Directors
According to the 2025 annual accounts
Director · represented by DELPHINE STEEN
Also active at: STEEN & VDK TECHNIEKEN
since 2023 · until 2029
GEERT STEEN
Managing director
Also active at: Canelo, STEEN & VDK TECHNIEKEN, GLOBAL REX 2, LAPIS SOLAR
since 2023 · until 2029
Managing director · represented by LAURENS STEEN
Also active at: REX CONSTRUCTION, REX LAND, STEEN & VDK TECHNIEKEN, R-B Projects, GLOBAL REX 2, Ampeer, Oersoep, LAPIS SOLAR +2 more
since 2023 · until 2029
since 2023 · until 2029
Director · represented by TSARINA VANDEKERCKHOVE
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
De Arend 5
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →FRINGLOOS same network
€ 2.4 million gross margin · 2025
Delphi ingenieursbureau same network
STEEN & VDK TECHNIEKEN same network
€ 8,830 gross margin · 2025
REX I Maatschap
Ampeer same network
€ 223 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.582.209
- VAT number
- BE 0473.582.209
- Registered office
- De Arend 5, 8210 Zedelgem
- Names & denominations
- STEEN ELEKTRICITEIT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2000
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrische installatie
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Installatie van duurzame elektrische installaties
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
+1