TARPEX

Active Private limited company (pre-2019)founded 1989active for 37 yearsKerkstraat 107, 2940 StabroekKBO/BCE: BE 0436.746.557 subsidiary of TT Beheer#3 oldest company in Stabroek, Real estate sector

TARPEX

Financial year 2025

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Annual accounts 2025

micro format, filed on 30-12-2025, 32 days before the deadline

€26,121

▲ 4.1%

€20,912

▲ 12.2%

€3,833

▲ 32.5%

€35,921

▼ 45.1%

15.3%

▲ 0.9 percentage points

1.15

▼ 0.18

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €71,000. Estimated: probably between €39,000 and €150,000.

In the rankings #3 oldest company in Stabroek, Real estate sector

Balance sheet

balance sheet total €306,652 on 30-06-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

15.3%

Higher than 38% of 17,190 companies in 2025.

1.15

Higher than 51% of 16,487 companies in 2025.

1.2%

Higher than 48% of 16,866 companies in 2025.

TARPEX Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	306,652	299,997	373,939	466,000	437,534	409,539	402,478	458,854	457,669	412,465	359,915	460,005	446,521	427,709	512,805	534,774	591,487	714,043	695,453
`21/28`	38,456	41,879	48,327	56,445	64,191	64,943	80,791	101,002	116,571	138,721	159,681	160,391	182,168	204,026	290,580	336,823	271,467	279,788	309,152
`22/27`	38,456	41,539	47,987	56,105	63,851	64,603	80,451	100,662	116,231	138,381	159,341	160,051	181,828	203,686	290,240	336,483	271,127	279,448	308,812
`22`	38,303	40,177	42,975	48,780	63,851	64,603	80,451	96,358	106,890	125,470	139,834	156,370	173,160	190,515	208,332	228,927	247,316	239,009	245,631
`23`	-	600	1,200	1,800	-	-	-	-	-	-	-	904	4,200	7,495	10,791	14,287	10,976	17,229	27,619
`24`	153	762	3,812	5,525	-	-	-	4,304	9,341	12,911	19,507	2,678	3,792	4,422	68,524	88,464	5,273	12,231	21,166
`26`	-	-	-	-	-	-	-	-	-	-	-	99	676	1,254	2,593	4,805	7,562	10,979	14,396
`28`	-	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340
`29/58`	268,196	258,118	325,612	409,555	373,343	344,596	321,687	357,852	341,098	273,744	200,234	299,614	264,353	223,683	222,225	197,951	320,020	434,255	386,301
`3`	22,217	23,016	42,123	24,600	29,565	42,641	44,667	52,161	53,659	53,476	42,360	49,276	56,866	54,567	60,724	55,755	60,561	86,910	85,855
`30/36`	22,217	23,016	42,123	24,600	29,565	42,641	44,667	52,161	53,659	53,476	42,360	49,276	56,866	54,567	60,724	55,755	60,561	86,910	85,855
`40/41`	245,971	228,633	283,266	384,300	339,373	297,815	276,988	304,286	286,804	220,150	131,805	248,126	207,126	166,880	159,670	137,990	253,151	337,364	286,962
`40`	27,836	63,086	85,402	133,418	54,595	134,099	95,923	165,522	104,153	104,774	104,958	114,922	123,491	105,407	98,554	124,614	119,969	192,656	185,639
`41`	218,135	165,547	197,864	250,882	284,778	163,716	181,065	138,764	182,651	115,376	26,847	133,204	83,635	61,473	61,116	13,376	133,182	144,708	101,323
`54/58`	-	6,459	219	650	4,399	367	-	-	569	53	25,983	2,117	305	2,066	1	-	-	1,674	1,781
`490/1`	8	10	4	5	6	3,773	32	1,405	66	65	86	95	56	170	1,830	4,206	6,308	8,307	11,703
Balance sheet: equity and liabilities
`10/49`	306,652	299,997	373,939	466,000	437,534	409,539	402,478	458,854	457,669	412,465	359,915	460,005	446,521	427,709	512,805	534,774	591,487	714,043	695,453
`10/15`	47,003	43,170	40,278	39,373	18,350	-20,407	35,553	12,024	29,766	49,488	49,408	33,147	22,838	22,473	20,298	17,758	206,798	197,393	160,712
`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`101`	-	-	-	-	-	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392
`13`	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`130/1`	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	38,944	35,111	32,219	31,314	10,291	-28,466	27,494	3,965	21,707	41,429	41,349	25,088	14,779	14,414	12,239	9,699	198,739	189,334	152,653
`17/49`	259,649	256,827	333,661	426,627	419,184	429,946	366,925	446,830	427,903	362,977	310,507	426,858	423,683	405,236	492,507	517,016	384,689	516,650	534,741
`17`	27,374	64,114	101,220	135,543	170,260	188,973	76,821	88,106	103,899	119,703	135,086	130,644	150,300	186,795	232,133	248,559	198,874	221,973	248,811
`170/4`	27,374	64,114	101,220	135,543	170,260	188,973	76,821	88,106	103,899	119,703	135,086	130,644	150,300	186,795	232,133	248,559	198,874	221,973	248,811
`42/48`	232,275	192,713	232,441	291,084	248,924	240,973	290,104	358,724	324,004	243,274	175,421	296,214	273,383	218,441	260,374	268,457	185,815	294,677	285,930
`42`	45,948	45,430	39,402	35,560	34,910	33,491	15,199	19,707	21,118	21,614	21,463	25,254	40,494	52,495	66,352	56,424	70,778	37,533	40,161
`43`	92,628	27,110	15,405	30,050	32,067	24,971	124,392	122,693	100,749	95,860	90,000	118,775	113,786	93,391	115,099	49,341	25,677	53,165	33,120
`430/8`	92,628	27,110	15,405	30,050	32,067	24,971	124,392	122,693	100,749	95,860	90,000	118,775	113,786	93,391	115,099	49,341	25,677	53,165	33,120
`44`	13,161	23,413	13,229	18,646	21,301	18,113	27,618	19,384	17,575	7,342	11,734	66,844	53,497	41,337	52,487	48,409	39,653	162,644	127,408
`440/4`	13,161	23,413	13,229	18,646	21,301	18,113	27,618	19,384	17,575	7,342	11,734	66,844	53,497	41,337	52,487	48,409	29,176	162,644	127,408
`441`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,477	-	-
`45`	9,548	9,064	13,462	18,791	19,049	17,759	44,631	36,813	38,580	38,606	41,873	40,877	37,132	31,218	26,436	79,417	30,818	41,335	38,423
`450/3`	9,548	9,064	13,462	18,791	18,250	9,758	32,796	30,324	27,248	28,107	34,627	33,675	32,020	25,431	21,358	74,492	21,680	34,473	31,178
`454/9`	-	-	-	-	799	8,001	11,835	6,489	11,332	10,499	7,246	7,202	5,112	5,787	5,078	4,925	9,138	6,862	7,245
`47/48`	70,990	87,696	150,943	188,037	141,597	146,639	78,264	160,127	145,982	79,852	10,351	44,464	28,474	-	-	34,866	18,889	-	46,818
Income statement
`76A`	-	4,998	-	-	-	4,750	4,375	-	500	-	-	-	-	-	-	9,003	-	-	-
`9900`	26,121	25,095	43,997	70,064	87,652	82,904	188,715	141,692	145,540	166,824	205,875	204,608	163,762	167,158	224,018	216,875	213,374	268,024	238,063
`62`	-	-	15,730	12,315	12,137	103,100	129,022	121,651	126,174	133,667	144,825	145,195	120,694	108,865	111,745	116,290	126,761	154,972	152,849
`630`	3,083	4,008	8,118	14,603	17,032	15,848	20,211	22,151	22,150	22,321	22,924	23,172	23,959	26,083	54,426	57,008	40,742	48,477	49,908
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,784	-	-	1,987	-
`640/8`	2,126	2,444	2,144	2,665	2,360	2,516	2,022	2,929	5,251	1,984	1,612	2,556	676	1,917	4,342	9,196	3,242	3,786	3,672
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	4,626	-	4,095	1	-	-
`9901`	20,912	18,643	18,005	40,481	56,123	-38,560	37,460	-5,039	-8,035	8,852	36,514	33,685	18,433	30,293	30,721	34,381	42,629	58,802	31,634
`75/76B`	544	17	35	35	1,756	1,797	6,599	5,818	5,086	5,797	1,671	1	43	700	29	-	1,751	10,937	-
`75`	544	17	35	35	1,756	1,797	6,599	5,818	5,086	5,797	1,671	1	43	700	29	-	1,751	10,937	-
`65/66B`	15,258	14,858	15,545	15,534	19,007	18,853	15,492	17,480	16,047	12,329	14,337	18,103	16,580	20,862	22,189	19,210	18,982	19,619	25,496
`65`	15,258	14,858	15,545	15,534	19,007	18,853	15,492	17,480	16,047	12,329	14,337	18,103	16,580	20,862	22,189	19,210	18,982	19,619	25,496
`9903`	6,198	3,802	2,495	24,982	38,872	-55,616	28,567	-16,701	-18,996	2,320	23,848	15,583	1,896	5,505	8,561	20,079	25,397	50,120	6,138
`67/77`	2,365	910	1,590	3,959	115	344	5,038	1,041	726	2,240	7,587	5,274	1,531	3,330	6,021	9,119	6,442	13,439	1,603
`9904`	3,833	2,892	905	21,023	38,757	-55,960	23,529	-17,742	-19,722	80	16,261	10,309	365	2,175	2,540	10,960	18,955	36,681	4,535
`9905`	3,833	2,892	905	21,023	38,757	-55,960	23,529	-17,742	-19,722	80	16,261	10,309	365	2,175	2,540	10,960	18,955	36,681	4,535
Appropriation of the result
`9906`	38,944	35,111	32,219	31,314	10,291	-28,466	27,494	3,965	21,707	41,429	41,349	25,088	14,779	14,414	12,239	209,699	198,739	189,334	152,653
`14P`	35,111	32,219	31,314	10,291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200,000	-	-	-
`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200,000	-	-	-
Social balance sheet
`9087`	-	-	-	1.8	2	2	2.3	2.2	2.2	2.3	3	3	3	3	3.2	3.3	3.9	5.5	5.6
Hours worked`1013`	-	-	-	150	180	2,843	3,795	3,569	4,046	4,118	4,628	4,575	3,923	4,103	4,831	5,274	6,177	7,678	7,793
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 17 older financial years (1990-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	30-12-2025	2025-00592069	PDF
30-06-2024	micro format	26-12-2024	2024-00625064	PDF
30-06-2023	micro format	29-12-2023	2023-00539147	PDF
30-06-2022	micro format	29-12-2022	2022-20548600	PDF
30-06-2021	micro format	06-02-2022	2022-05100395	PDF
30-06-2020	micro format	31-12-2020	2020-77800221	PDF
30-06-2019	micro format	31-01-2020	2020-03800309	PDF
30-06-2018	micro format	28-12-2018	2018-75900580	PDF
30-06-2017	micro format	25-01-2018	2018-02300596	PDF
30-06-2016	abbreviated format	28-12-2016	2016-72000156	PDF
30-06-2015	abbreviated format	31-12-2015	2015-71000520	PDF
30-06-2014	abbreviated format	30-12-2014	2014-71100342	PDF
30-06-2013	abbreviated format	13-02-2014	2014-03600138	PDF
30-06-2012	abbreviated format	15-02-2013	2013-03800132	PDF
30-06-2011	abbreviated format	29-02-2012	2012-05100347	PDF
30-06-2010	abbreviated format	15-02-2011	2011-03500032	PDF
30-06-2009	abbreviated format	29-12-2009	2009-90700367	PDF
30-06-2008	abbreviated format	19-12-2008	2008-85600293	PDF
30-06-2007	abbreviated format	29-01-2008	2008-02500087	PDF
30-06-2006	abbreviated format	29-12-2006	2006-94104642	PDF
30-06-2005	abbreviated format	25-11-2005	2005-87101700	PDF
30-06-2004	abbreviated format	31-12-2004	2004-89800014	PDF
30-06-2003	abbreviated format	19-12-2003	2003-84501700	PDF
30-06-2002	abbreviated format	27-12-2002	2002-79101623	PDF
30-06-2001	abbreviated format	21-12-2001	2001-77503576	PDF
30-06-2000	abbreviated format	01-12-2000	2000-74002246	PDF
30-06-1999	abbreviated format	20-12-1999	1999-63801757	PDF
30-06-1998	abbreviated format	01-12-1998	1998-59801908	PDF
30-06-1997	abbreviated format	03-12-1997	1997-55203896	PDF
30-06-1996	abbreviated format	31-12-1996	1996-55605213	PDF
30-06-1995	abbreviated format	29-12-1995	1995-62003711	PDF
30-06-1994	abbreviated format	27-12-1994	1994-51401477	PDF
30-06-1993	abbreviated format	31-12-1993	1993-48001404	PDF
30-06-1992	abbreviated format	15-01-1993	1993-00805171	PDF
30-06-1991	abbreviated format	12-12-1991	1991-32404819	PDF
30-06-1990	abbreviated format	22-01-1991	1991-00903055	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
23,995	22,651	26,123	55,084	73,155	-22,712	57,671	17,112	14,115	31,173	59,438	56,857	42,392	56,376	85,147	91,389	83,371	107,279	81,542
6,916	6,900	9,023	35,626	55,789	-40,112	43,740	4,409	2,428	22,401	39,185	33,481	24,324	28,258	56,966	67,968	59,697	85,158	54,443
-340	-2,440	0	6,857	16,280	0	22,890	6,582	0	1,361	22,214	1,395	2,101	3,155	8,183	135,096	35,672	19,113	117,065
-	6,240	-431	-3,749	4,032	-	-	-	516	-25,930	23,866	1,812	-1,761	2,065	-	-	-	-107	-
35,921	65,405	93,171	118,471	124,419	103,623	31,583	-872	17,094	30,470	24,813	3,400	-9,030	5,242	-38,149	-70,506	134,205	139,578	100,371
15.3%	14.4%	10.8%	8.4%	4.2%	-5.0%	8.8%	2.6%	6.5%	12.0%	13.7%	7.2%	5.1%	5.3%	4.0%	3.3%	35.0%	27.6%	23.1%
1.15	1.34	1.40	1.41	1.50	1.43	1.11	1.00	1.05	1.13	1.14	1.01	0.97	1.02	0.85	0.74	1.72	1.47	1.35
1.06	1.22	1.22	1.32	1.38	1.25	0.95	0.85	0.89	0.91	0.90	0.85	0.76	0.77	0.62	0.53	1.40	1.18	1.05
5.52	5.95	8.28	10.84	22.84	-	10.32	37.16	14.38	7.33	6.28	12.88	18.55	18.03	24.26	29.11	1.86	2.62	3.33
8.2%	6.7%	2.2%	53.4%	211.2%	-	66.2%	-147.6%	-66.3%	0.2%	32.9%	31.1%	1.6%	9.7%	12.5%	61.7%	9.2%	18.6%	2.8%
1.2%	1.0%	0.2%	4.5%	8.9%	-13.7%	5.8%	-3.9%	-4.3%	0.0%	4.5%	2.2%	0.1%	0.5%	0.5%	2.0%	3.2%	5.1%	0.7%
1.57	1.52	1.68	3.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-06-2023	30-06-2022
Employees at the balance-sheet date	-	1
full-time	-	1
in full-time equivalents	-	1
	-	1.8
On a permanent contract	-	1
Joined	2	0
Left	3	1

Source: social balance sheet in the 2022 to 2023 annual accounts

Investments

fixed assets acquired

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	-	-	€6,857
	€3,083	€4,008	€8,118	€14,603

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on TARPEX

The operating result for 2025 is 12% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 85.6% to 84.7%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency15.3%

Current ratio1.15

Return on assets1.2%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on TARPEX

Next steps

in euro

15.3%

1.15

1.2%