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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pauwels Transformers from Mechelen, company number BE0767638402, closed financial year 2025 with a result of € 3 million after tax. For that financial year Pauwels Transformers recorded revenue of € 41.2 million and equity of € 14.1 million. Compared with financial year 2024, the result moved from € 1.9 million to € 3 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 June 1, 2026.
€ 14.1 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3 million
▲ 59% vs 2024
Profit after tax over the fiscal year.
€ 3.7 million
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 9.1 million.
People and assets in 2025
71.5
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6 million
▲ 16% vs 2024
€ 84,100 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.
€ 4,420
▼ 17% 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.
€ 12.3 million
▲ 235% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 189 days on average.
€ 1.4 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,323,846 | € 20,451,065 | € 31,308,011 | € 41,195,716 | ▲ 32% |
| Profit after taxes | € 2,858,084 | € 1,376,316 | € 1,882,052 | € 2,996,764 | ▲ 59% |
| Equity | € 7,858,084 | € 9,234,400 | € 11,068,436 | € 14,065,201 | ▲ 27% |
| Total debts | € 5,311,114 | € 14,307,784 | € 14,546,744 | € 19,917,688 | ▲ 37% |
| Cash | € 273,913 | € 2,642,487 | € 3,686,140 | € 3,692,739 | |
| Land & buildings | - | - | - | € 23,716,265 | |
| Retained profit | € 2,858,084 | € 4,234,400 | € 6,068,436 | € 9,065,201 | ▲ 49% |
| Balance sheet total | € 13,342,437 | € 23,910,816 | € 26,811,522 | € 43,283,605 | ▲ 61% |
| Employees (FTE) | 31.8 | 50.1 | 67.6 | 71.5 | ▲ 3.9 |
Key figures of Pauwels Transformers, 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 Pauwels Transformers?
What happened at Pauwels Transformers in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GESKI bv stepped down as director. NBB
- ARMABO bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3 million (▲ 59% vs 2024). Source: NBB ↗
- Hussam A.A. ELSHEIKHKHALIL stepped down as director. NBB
- Medhat Adham Moustafa Ghaleb HAMDY stepped down as director. NBB
- Tariq Mohammad A. AL TAHINI stepped down as director. NBB
- Mohammed Y.A. ABUSAADA stepped down as director. NBB
- GESKI bv became a director. NBB
In short
From € 2.9 million profit in 2022 to € 3 million profit in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 3 million profit.
Pays suppliers within 189 days on average.
Management
The shares are held by GULF ELECTRICAL EQUIPMENT COMPANY L.L.C. (100%).
Directors
According to the 2025 annual accounts
Hussam A.A. ELSHEIKHKHALIL
Director
since 2021 · until 2026
Medhat Adham Moustafa Ghaleb HAMDY
Director
since 2021 · until 2026
Director · represented by Jan Gesquière
Also active at: DEROOSE PLANTS, Monni, WILLEMEN GROEP, ABO-GROUP ENVIRONMENT, REYNESCO INVEST, Reynco, ELEXYS
since 2025 · until 2027
Tariq Mohammad A. AL TAHINI
Director
since 2021 · until 2026
Director · represented by Jan Gesquière
Also active at: DEROOSE PLANTS, Keyware Technologies, WILLEMEN GROEP, ABO-GROUP ENVIRONMENT, REYNESCO INVEST, CASTELMORE GROUP, Reynco, ELEXYS +1 more
since 2023 · until 2025
Mohammed Y.A. ABUSAADA
Director
since 2021 · until 2026
Director · represented by André BOUFFIOUX
Also active at: Frisofina, HRD ANTWERP, EURANOVA
since 2025 · until 2027
Shareholders
GULF ELECTRICAL EQUIPMENT COMPANY L.L.C.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Antwerpsesteenweg 167
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0767.638.402
- VAT number
- BE 0767.638.402
- Registered office
- Antwerpsesteenweg 167, 2800 Mechelen
- Names & denominations
- Pauwels Transformers
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2021
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Vervaardiging van metalen constructiewerken en delen daarvan
Groothandel in aanhangwagens, opleggers en caravans
Vervaardiging van andere elektrische apparatuur
Reparatie en onderhoud van elektrische apparatuur
Handel in aanhangwagens, opleggers en caravans