Financials
Financial year 2025
CVELEC from Wetteren, company number BE0833542180, closed financial year 2025 with a result of € 316,340 after tax. For that financial year CVELEC recorded a gross margin of € 1.4 million and equity of € 620,373. Compared with financial year 2024, the result moved from € 194,396 to € 316,340. 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 June 16, 2026.
€ 620,373
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 316,340
▲ 63% vs 2024
Profit after tax over the fiscal year.
€ 532,974
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 516,340 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.9
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 860,656
€ 72,300 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.
€ 78,075
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,882
▼ 81% vs 2024
Loans from banks and other lenders, long and short.
€ 65,478
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,393
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,052,198 | € 1,425,059 | € 1,202,435 | € 1,353,170 | ▲ 13% |
| Profit after taxes | € 308,869 | € 382,092 | € 194,396 | € 316,340 | ▲ 63% |
| Equity | € 820,373 | € 820,373 | € 820,373 | € 620,373 | ▼ 24% |
| Total debts | € 694,433 | € 573,344 | € 363,441 | € 656,095 | ▲ 81% |
| Cash | € 653,186 | € 512,424 | € 443,341 | € 532,974 | ▲ 20% |
| Retained profit | € 801,773 | € 801,773 | € 801,773 | € 601,773 | ▼ 25% |
| Dividend | € 408,869 | € 382,092 | € 194,396 | € 516,340 | ▲ 166% |
| Bank debt | € 124,797 | € 63,359 | € 20,914 | € 3,882 | ▼ 81% |
| Balance sheet total | € 1,514,806 | € 1,393,718 | € 1,183,814 | € 1,276,468 | ▲ 8% |
| Employees (FTE) | 12.5 | 12.5 | 13.1 | 11.9 | ▼ 1.2 |
Key figures of CVELEC, 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 CVELEC?
What happened at CVELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 316,340 (▲ 63% vs 2024). Source: NBB ↗
- Luc Verelst became a director. NBB
- LV Hold BV became a director. NBB
- Kyax CommV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Wetteren. KBO
In short
From € 308,869 profit in 2022 to € 316,340 profit in 2025.
Paid € 386,064 in corporate taxes since 2022.
Best year ever: 2023, with € 382,092 profit.
On average € 113,700 of value added per employee in 2025.
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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%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of LV-HOLD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CVELECBehind CVELEC are Luc Verelst, Kyax CommV and LV Hold BV. The shares are held by LV-HOLD (100%).
Directors
According to the 2025 annual accounts
since 2013
Director · represented by Annick Van Dijck
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Neerhonderd +27
9230 Wetteren
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
Self-hosted
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0833.542.180
- VAT number
- BE 0833.542.180
- Registered office
- Neerhonderd +27, 9230 Wetteren
- Names & denominations
- CVELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2011
- Peppol
- Active · Active since 30 Jan 2025
- Contact
- cvelec.be
- Activities · NACE
Algemene elektrotechnische installatiewerken