Name

Newelec

Legal name

Newelec

Website

https://newelec.be

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Industrial Electrical Engineering Services

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (3353), Engineering Services (541330)

SIC

Switchgear & Switchboard Apparatus (3613), Electrical Work (1731), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

akta.pro secondary industry

Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC)

Keywords

• Industrial electrical engineering
• High voltage installations
• Electrical switchboard manufacturing
• Industrial automation systems
• Renewable energy integration

Headquarters

HQ city

Herstal

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Electrical Engineering Services: Project-based professional services covering the complete electrical engineering lifecycle from feasibility studies, design, installation, commissioning, and maintenance. Revenue generated through fixed-price projects and service contracts for industrial, infrastructure, tertiary, and energy sector clients.
2. Switchboard and Electrical Cabinet Manufacturing: Custom fabrication of low voltage switchgear and electrical panels manufactured in-house at the Milmort workshop. Components sold as part of integrated project solutions or as standalone products.
3. High Voltage Services: Specialized high voltage installation and maintenance services including preventive and predictive maintenance contracts with 24/7 emergency response capability.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Newelec is a Belgian industrial electrical engineering services company that delivers vertically integrated electrotechnical solutions across the full project lifecycle — from feasibility studies and design through manufacturing, installation, commissioning, and maintenance. Core capabilities include high voltage installations (6 kV–36 kV), in-house low voltage switchboard manufacturing (EN-61439-2 certified), industrial automation and SCADA, HVAC regulation and building management, and electric vehicle charging infrastructure. The company serves industrial facilities, public infrastructure, tertiary buildings, and renewable energy projects primarily in Belgium.

Product overview

Newelec is an industrial electrical engineering services company providing a vertically integrated suite of electrotechnical services — from design office studies through high-voltage installation, panel fabrication, automation and supervision, HVAC regulation, and electric mobility infrastructure — primarily serving the Belgian market across four sectors: Industry, Infrastructure, Tertiary, and Energy (renewables). The company operates from three sites (Milmort/Liège, Strépy-Bracquegnies, and Brussels) and is a subsidiary of the Luminus Group since 2017. Its core portfolio comprises Electrotechnique, Bureau d'études, Atelier tableaux, Haute tension, Automation & Supervision, Régulation HVAC, and Mobilité électrique, supplemented by major projects in renewable energy (photovoltaic, wind farms), public infrastructure (LuWa highway lighting), and industrial installations. Ervac (acquired 2019) provides in-house HVAC regulation expertise.

Differentiator

Problem solved

Functional benefit

Brands

• Newelec Hainaut: Regional entity in Hainaut region, formerly known as Etrema

Quantifiable outcome

• 3,328 MWh/year green electricity production (15% of site needs) and 682 tonnes CO2 avoided annually for FN Herstal photovoltaic project
• +3 more outcomes

Named customers30 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• ErvaccoreStrategic or Co-development Partner · 1 January 2019Ervac, founded in 1980 by René Henrard and specializing in HVAC programming and regulation, joined Newelec in 2019. This acquisition expanded Newelec's capabilities in HVAC control and building management systems. Ervac operates as a subsidiary with over 30 employees including Nicolas and Julie Henrard. ERVAC LUX was created in 2011 to serve Luxembourg. Ervac brings 45 years of HVAC expertise and certifications in Siemens and Priva systems.
• RESA (Réseau de l'Energie Sans Appartenance)minorOthersWalloon electricity distribution network operator. Newelec works with RESA for high voltage projects and infrastructure installations. RESA is mentioned in the context of LuWa Plan Lumière 4.0 PPP project.
• ORES (Opérateurs des Réseaux d'Energie Sans Appartenance)minorOthersBelgian electricity and gas distribution network operator. Newelec collaborates with ORES for grid connections and high voltage installations.
• ELIAminorOthersBelgian high voltage transmission system operator (TSO). Newelec coordinates with ELIA for wind farm connections and large-scale renewable energy projects.
• SIBELGAminorOthersBrussels-Capital Region electricity and natural gas distribution network operator. Newelec partners with SIBELGA for infrastructure projects in the Brussels area.
• FLUVIUSminorOthersFlemish electricity and gas distribution network operator. Newelec works with FLUVIUS for infrastructure projects in the Flemish region.
• Schneider ElectriccoreTechnology or IntegrationMajor electrical equipment supplier. Newelec is a certified assembly partner for Schneider Prisma switchboard brand. Uses Schneider PIX 25KA high voltage cells for infrastructure projects. Partnership enables access to quality components and technical support.
• InsaverminorStrategic or Co-development PartnerEnergy efficiency specialist mentioned in the context of FN Herstal photovoltaic project. Insaver collaborated with Luminus and Newelec on this large-scale industrial solar installation.
• SPW (Service Public de Wallonie)coreOthersWalloon public service authority. Newelec participates in the LuWa Plan Lumière 4.0 public-private partnership with SPW for highway lighting renovation. This 20-year contract involves renovation of over 300 medium voltage cabins for 76% energy savings.
• PEREXminorOthersWalloon road traffic management center. Coordination with PEREX is required for the LuWa Plan Lumière 4.0 project involving secure interventions on motorways including exchange blockages and emergency lane management.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Tractebel (ENGIE): Tractebel is a Belgian-headquartered engineering consultancy (part of ENGIE) providing design and engineering services for energy, infrastructure, and industrial projects. Comparable on the design-office/Bureau d'études and engineering oversight aspects of Newelec's service portfolio, though Tractebel is consultancy-led rather than contracting-led.

Direct peers

• Spie Belgium: Spie is a leading European multi-technical services group (electrical, mechanical, HVAC, automation) operating extensively in Belgium. Directly competes with Newelec for industrial electrical engineering, HV installations, and automation projects across Belgian industry, infrastructure, and tertiary sectors.
• Bilfinger Industrial Services Belgium: Bilfinger provides industrial maintenance, electrical engineering, and process services to chemical, petrochemical, and energy clients in Belgium. Directly competes with Newelec for industrial electrical installations, HV work, and turnkey projects in heavy industry.
• Fabricom (Spie Industrial Services): Fabricom, now part of Spie, is a long-standing Belgian industrial services provider specializing in electrical, instrumentation, and mechanical work for industrial clients (chemicals, petrochemicals, energy). Comparable on industrial electrical installations, automation, and maintenance contracts.
• VINCI Energies Belgium (Cegelec / Omexom): VINCI Energies operates Cegelec (industrial electrical contracting) and Omexom (HV substations and transmission) brands in Belgium, covering the same value chain as Newelec from design through installation and maintenance for industrial and infrastructure clients.

Broad incumbents

• Equans Belgium: Equans (formerly ENGIE's services business, now owned by Bouygues) provides multi-technical and energy services across Belgium, including industrial electrical contracting, HV work, and facility services. A broader incumbent competing for similar industrial, infrastructure, and tertiary contracts.
• ENGIE Solutions Belgium: ENGIE Solutions is the multi-technical services arm of ENGIE in Belgium, offering facility management, electrical contracting, HVAC, and energy services at much greater scale than Newelec. Overlaps with Newelec on tertiary sector installations, public infrastructure (e.g., hospitals, schools), and energy transition projects.
• Siemens Belgium: Siemens is both a Newelec technology partner (PLC and HVAC certifications) and a broader player offering industrial automation, electrification products, and digital industries solutions. Overlaps with Newelec on automation, SCADA, and smart infrastructure projects in Belgium.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newelec