Equity
TECTUM+ has made a profit without a break since 2010.
TECTUM+ has made a profit without a break since 2010.
Green is investment, beige is depreciation.
Five of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 43% on liquidity, 34% on profitability and 45% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as TECTUM+ has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECTUM+ itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for TECTUM+. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.04 (3.68 in 2024), above the usual 1.5. Short-term debt is 7.3% and cash 2.9% of total assets. 19% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TECTUM+ Tongeren-Borgloon | €1.5m | €90,734 | 81.0% | - |
| KAMA Schilde | €1.3m | €100,546 | 64.7% | - |
| EUROPEAN SERVICES en TRANSLATION AGENCY Overijse | €1.1m | €83,035 | 86.8% | - |
| LIMBRA Beringen | €1.9m | €98,411 | 26.0% | - |
| MILDIJ Hamont-Achel | €1.3m | €119,647 | 29.3% | 0 |
| V.P.F. - IMMO Zonhoven | €1.1m | €102,926 | 9.3% | - |
| D'XANTHO Sint-Truiden | €0.8m | €79,937 | 51.3% | - |
These companies have the same main activity as TECTUM+: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €810,000 and €1.9m, founded between 1986 and 1999.
TECTUM+ files the abbreviated format. That format states no turnover. The gross margin rose from €9,795 in 2006 to €90,734 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €280,000.
Higher than 77% of 10,858 companies in 2025.
Higher than 69% of 10,480 companies in 2025.
Higher than 32% of 10,727 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.5m | 1.3m | 1.2m | 1.3m | 1.2m | 1.2m | 1.3m | 1.3m | 1.7m | 1.7m | 1.8m | 1.3m | 817,335 | 682,359 | 508,765 | 295,272 | 24,943 | 30,007 | 21,214 | 18,485 | |
21/28 |
1.2m | 952,568 | 952,893 | 1.2m | 994,644 | 1.0m | 1.0m | 979,328 | 945,982 | 963,064 | 1.0m | 526,651 | 390,911 | 444,053 | 260,913 | 9,142 | - | - | - | - | |
22/27 |
1.1m | 877,568 | 877,893 | 915,390 | 919,644 | 939,211 | 963,633 | 979,328 | 945,982 | 963,064 | 1.0m | 526,651 | 390,911 | 219,053 | 35,913 | 6,442 | - | - | - | - | |
22 |
477,125 | 495,711 | 477,125 | 495,711 | 514,297 | 532,883 | 551,469 | 570,055 | 588,640 | 605,648 | 622,841 | 121,500 | 121,500 | 121,500 | - | - | - | - | - | - | |
24 |
305,175 | 67,581 | 70,064 | 72,548 | 43,231 | 31,141 | 21,000 | 5,500 | 105 | 235 | 392 | 918 | 3,939 | 7,257 | 5,823 | 6,442 | - | - | - | - | |
26 |
297,848 | 314,276 | 330,704 | 347,132 | 362,116 | 375,187 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | - | - | - | 391,165 | 403,774 | 357,237 | 357,180 | 379,979 | 404,233 | 265,471 | 90,296 | 30,090 | - | - | - | - | - | |
28 |
75,000 | 75,000 | 75,000 | 304,260 | 75,000 | 75,000 | 75,000 | - | - | - | - | - | - | 225,000 | 225,000 | 2,700 | - | - | - | - | |
29/58 |
327,177 | 312,887 | 261,892 | 121,759 | 187,823 | 200,615 | 248,200 | 273,555 | 799,373 | 738,727 | 780,675 | 732,420 | 426,425 | 238,306 | 247,852 | 286,130 | 24,943 | 30,007 | 21,214 | 18,485 | |
29 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
214,661 | 210,453 | 214,098 | 71,835 | 64,438 | 97,067 | 174,189 | 189,962 | 636,510 | 605,641 | 635,049 | 576,103 | 424,932 | 229,717 | 234,338 | 273,460 | 8,567 | 12,854 | 9,092 | 17,004 | |
40 |
72,689 | 64,181 | 67,811 | 52,535 | 15,125 | 29,169 | 30,250 | 36,300 | 106,886 | 290,166 | 417,693 | 389,855 | 226,555 | 41,140 | 59,105 | 66,550 | 2,974 | 7,260 | 6,000 | 16,828 | |
41 |
141,972 | 146,272 | 146,287 | 19,300 | 49,313 | 67,897 | 143,939 | 153,662 | 529,624 | 315,475 | 217,356 | 186,248 | 198,377 | 188,577 | 175,233 | 206,910 | 5,592 | 5,594 | 3,092 | 176 | |
54/58 |
43,165 | 70,893 | 20,816 | 24,452 | 98,385 | 78,078 | 48,895 | 83,089 | 162,863 | 133,086 | 143,513 | 156,317 | 1,492 | 8,370 | 13,493 | 11,431 | 13,129 | 17,154 | 12,122 | 1,481 | |
490/1 |
44,350 | 6,540 | 1,977 | 471 | - | 471 | 115 | 503 | - | - | 2,113 | - | - | 219 | 21 | 1,239 | 3,247 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.5m | 1.3m | 1.2m | 1.3m | 1.2m | 1.2m | 1.3m | 1.3m | 1.7m | 1.7m | 1.8m | 1.3m | 817,335 | 682,359 | 508,765 | 295,272 | 24,943 | 30,007 | 21,214 | 18,485 | |
10/15 |
1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 936,652 | 754,393 | 606,488 | 408,034 | 271,116 | 163,849 | 51,382 | 12,180 | 14,434 | 8,437 | -1,670 | |
10/11 |
144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 144,732 | 34,732 | 34,732 | 34,732 | 34,732 | 34,732 | 34,732 | 34,732 | |
100 |
- | - | - | - | - | - | 172,000 | 172,000 | 172,000 | 172,000 | 172,000 | 172,000 | 172,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
101 |
- | - | - | - | - | - | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | 27,268 | |
13 |
789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 789,200 | 607,200 | 215,200 | 17,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | |
130/1 |
- | - | - | 17,200 | 17,200 | 17,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | |
1311 |
- | - | - | 17,200 | 17,200 | 17,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
789,200 | 789,200 | 789,200 | 772,000 | 772,000 | 772,000 | 772,000 | 772,000 | 772,000 | 772,000 | 590,000 | 198,000 | - | - | - | - | - | - | - | - | |
14 |
267,045 | 246,483 | 229,329 | 209,344 | 205,033 | 195,185 | 194,476 | 188,542 | 179,726 | 2,720 | 2,461 | 246,556 | 246,102 | 230,184 | 122,917 | 10,450 | -22,552 | -20,298 | -26,295 | -36,402 | |
17/49 |
281,348 | 85,039 | 51,524 | 198,133 | 43,503 | 85,709 | 158,425 | 130,410 | 631,697 | 765,139 | 1.0m | 652,583 | 409,302 | 411,243 | 344,916 | 243,890 | 12,763 | 15,574 | 12,777 | 20,155 | |
17 |
173,759 | - | - | - | - | - | - | - | 227,000 | 345,991 | 529,079 | 240,348 | 63,374 | 33,740 | 134,854 | 32,636 | - | - | - | - | |
170/4 |
173,759 | - | - | - | - | - | - | - | 227,000 | 345,991 | 529,079 | 240,348 | 63,374 | 33,740 | 134,854 | 32,636 | - | - | - | - | |
42/48 |
107,589 | 85,039 | 51,524 | 198,133 | 42,803 | 85,009 | 157,463 | 130,410 | 404,697 | 419,148 | 500,415 | 412,235 | 345,519 | 376,645 | 206,767 | 209,217 | 12,763 | 15,574 | 12,777 | 19,536 | |
42 |
42,411 | - | - | - | - | - | - | - | 119,010 | 187,635 | 185,463 | 99,046 | 146,916 | 109,371 | 97,398 | 93,435 | - | - | - | - | |
43 |
- | - | - | - | - | - | 97,920 | 131 | 62,389 | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | 97,920 | 131 | 62,389 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
31,815 | 20,227 | 8,794 | 14,165 | 8,607 | 13,085 | 15,931 | 40,355 | 29,014 | 11,801 | 38,431 | 30,526 | 74,266 | 180,630 | 8,574 | 21,391 | 6,276 | 10,175 | 7,663 | 1,941 | |
440/4 |
31,815 | 20,227 | 8,794 | 14,165 | 8,607 | 13,085 | 15,931 | 40,355 | 29,014 | 11,801 | 38,431 | 30,526 | 74,266 | 180,630 | 8,574 | 21,391 | 6,276 | 10,175 | 7,663 | 1,941 | |
45 |
30,198 | 54,914 | 42,730 | 36,060 | 31,807 | 23,614 | 34,304 | 53,793 | 184,597 | 208,402 | 262,610 | 270,508 | 113,944 | 83,794 | 97,944 | 41,422 | 3,635 | 2,548 | 2,263 | 3,877 | |
450/3 |
30,198 | 54,914 | 42,730 | 36,060 | 31,807 | 23,614 | 34,304 | 53,793 | 184,597 | 208,402 | 262,610 | 270,508 | 113,944 | 83,794 | 97,944 | 41,422 | 3,635 | 2,548 | 2,263 | 3,877 | |
47/48 |
3,165 | 9,899 | - | 147,907 | 2,389 | 48,310 | 9,309 | 36,130 | 9,687 | 11,309 | 13,910 | 12,155 | 10,394 | 2,851 | 2,851 | 52,969 | 2,851 | 2,851 | 2,851 | 13,719 | |
492/3 |
- | - | - | - | 700 | 700 | 962 | - | - | - | - | - | 409 | 857 | 3,295 | 2,036 | - | - | - | 619 | |
| Income statement | |||||||||||||||||||||
76A |
6,293 | 40,569 | - | - | - | - | - | - | - | - | - | - | 4,296 | - | - | - | - | - | - | 3,306 | |
9900 |
90,734 | 101,861 | 77,226 | 53,005 | 61,057 | 46,828 | 45,888 | 58,287 | 291,764 | 341,586 | 362,930 | 399,390 | 325,760 | 206,194 | 185,987 | 73,471 | 3,545 | 7,823 | 10,873 | 9,795 | |
630 |
47,530 | 37,497 | 37,497 | 37,997 | 37,646 | 36,840 | 35,271 | 47,674 | 35,673 | 41,384 | 84,288 | 54,688 | 50,521 | 25,194 | 2,272 | 1,611 | - | - | - | 496 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 16,032 | - | - | - | - | - | - | |
640/8 |
5,930 | 11,615 | 4,170 | 3,792 | 3,790 | 5,528 | 2,432 | 3,236 | 2,729 | 4,163 | 2,209 | 9,038 | 12,345 | 1,331 | 3,255 | 2,746 | 2,073 | 348 | 410 | 1,182 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 23,007 | - | - | - | - | - | - | - | |
9901 |
37,275 | 52,749 | 35,559 | 11,217 | 19,621 | 4,460 | 8,185 | 7,377 | 253,362 | 296,039 | 276,434 | 335,664 | 262,893 | 163,637 | 180,461 | 69,115 | 1,472 | 7,475 | 10,464 | 8,117 | |
75/76B |
36 | 1 | 29 | - | 16 | - | 3,629 | 19,398 | 21,833 | 18,800 | 14,945 | 17,533 | 15,480 | 15,839 | 16,112 | 4,606 | 12 | 18 | 1 | 672 | |
75 |
36 | 1 | 29 | - | 16 | - | 3,629 | 19,398 | 21,833 | 18,800 | 14,945 | 17,533 | 15,480 | 15,839 | 16,112 | 4,606 | 12 | 18 | 1 | 672 | |
65/66B |
4,130 | 1,118 | 1,025 | 599 | 859 | 827 | 1,859 | 5,273 | 6,504 | 11,138 | 12,938 | 15,441 | 18,695 | 11,302 | 18,041 | 8,297 | 1,931 | 213 | 358 | 772 | |
65 |
4,130 | 1,118 | 1,025 | 599 | 859 | 827 | 1,859 | 5,273 | 6,504 | 11,138 | 12,938 | 15,441 | 18,695 | 11,302 | 18,041 | 8,297 | 1,931 | 213 | 358 | 772 | |
9903 |
33,181 | 51,632 | 34,562 | 10,618 | 18,778 | 3,633 | 9,955 | 21,502 | 268,691 | 303,702 | 278,441 | 337,756 | 240,968 | 168,174 | 178,531 | 65,423 | -447 | 7,280 | 10,107 | 11,322 | |
67/77 |
12,620 | 34,478 | 14,578 | 6,306 | 8,931 | 2,924 | 4,021 | 12,686 | 91,685 | 121,443 | 130,535 | 139,303 | 91,827 | 60,907 | 66,064 | 26,221 | 1,806 | 1,283 | 0 | 2 | |
9904 |
20,561 | 17,154 | 19,985 | 4,312 | 9,847 | 709 | 5,934 | 8,816 | 177,006 | 182,259 | 147,906 | 198,454 | 149,140 | 107,267 | 112,467 | 39,202 | -2,254 | 5,997 | 10,107 | 11,320 | |
9905 |
20,561 | 17,154 | 19,985 | 4,312 | 9,847 | 709 | 5,934 | 8,816 | 177,006 | 182,259 | 147,906 | 198,454 | 149,140 | 107,267 | 112,467 | 39,202 | -2,254 | 5,997 | 10,107 | 11,320 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
267,045 | 246,483 | 229,329 | 209,344 | 205,033 | 195,185 | 194,476 | 188,542 | 179,726 | 184,720 | 394,461 | 444,556 | 379,324 | 230,184 | 122,917 | 16,650 | -22,552 | -20,298 | -26,295 | -36,402 | |
14P |
246,483 | 229,329 | 209,344 | 205,033 | 195,185 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 182,000 | 392,000 | 198,000 | 11,000 | - | - | 6,200 | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,000 | - | - | 6,200 | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | 182,000 | 392,000 | 198,000 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 122,222 | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 122,222 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00257423 | |
| 31-12-2024 | abbreviated format | 28-07-2025 | 2025-00319555 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00414851 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00395559 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20318488 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57700016 | |
| 31-12-2019 | abbreviated format | 24-07-2020 | 2020-33600436 | |
| 31-12-2018 | abbreviated format | 17-07-2019 | 2019-34100498 | |
| 31-12-2017 | abbreviated format | 24-07-2018 | 2018-37800388 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58400167 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-56800051 | |
| 31-12-2014 | abbreviated format | 23-07-2015 | 2015-33800212 | |
| 31-12-2013 | abbreviated format | 15-07-2014 | 2014-30800151 | |
| 31-12-2012 | abbreviated format | 01-07-2013 | 2013-24900120 | |
| 31-12-2011 | abbreviated format | 12-07-2012 | 2012-29000336 | |
| 31-12-2010 | abbreviated format | 11-07-2011 | 2011-28600450 | |
| 31-12-2009 | abbreviated format | 14-07-2010 | 2010-30500170 | |
| 31-12-2008 | abbreviated format | 09-07-2009 | 2009-40300049 | |
| 31-12-2007 | abbreviated format | 08-07-2008 | 2008-38300270 | |
| 31-12-2006 | abbreviated format | 26-06-2007 | 2007-28900227 | |
| 31-12-2005 | abbreviated format | 10-07-2006 | 2006-45002676 | |
| 31-12-2004 | full format | 12-07-2005 | 2005-48203980 | |
| 31-12-2003 | full format | 16-07-2004 | 2004-48200602 | |
| 31-12-2002 | full format | 29-07-2003 | 2003-55101848 | |
| 31-12-2001 | full format | 15-07-2002 | 2002-37100125 | |
| 31-12-2000 | full format | 25-07-2001 | 2001-42604992 | |
| 31-12-1999 | abbreviated format | 27-06-2000 | 2000-29503971 | |
| 31-12-1998 | abbreviated format | 08-07-1999 | 1999-31602259 | |
| 31-12-1997 | abbreviated format | 24-06-1998 | 1998-22001279 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84,804 | 90,246 | 73,056 | 49,214 | 57,266 | 41,300 | 43,456 | 55,051 | 289,035 | 337,423 | 360,721 | 390,353 | 313,415 | 188,831 | 182,732 | 70,725 | - | - | - | 8,613 | ||
| 68,091 | 54,651 | 57,482 | 42,309 | 47,493 | 37,549 | 41,205 | 56,490 | 212,679 | 223,643 | 232,193 | 253,142 | 199,662 | 132,461 | 114,738 | 40,813 | - | - | - | 11,816 | ||
| 250,317 | 37,172 | -229,260 | 263,003 | 18,079 | 12,417 | 94,576 | 81,020 | 18,591 | 1,235 | 560,850 | 190,428 | 222,379 | 238,424 | 256,743 | 10,753 | - | - | - | - | ||
| -27,728 | 50,077 | -3,636 | -73,932 | 20,307 | 29,183 | -34,194 | -79,773 | 29,776 | -10,427 | -12,804 | 154,825 | -6,878 | -5,123 | 2,062 | -1,698 | -4,025 | 5,032 | 10,641 | - | ||
| 219,588 | 227,847 | 210,368 | -76,374 | 145,020 | 115,606 | 90,737 | 143,145 | 394,676 | 319,579 | 280,260 | 320,185 | 80,906 | -138,340 | 41,085 | 76,912 | 12,180 | 14,434 | 8,437 | -1,052 | ||
| 81.0% | 93.3% | 95.8% | 85.2% | 96.3% | 92.9% | 87.7% | 89.6% | 63.8% | 55.0% | 42.3% | 48.2% | 49.9% | 39.7% | 32.2% | 17.4% | 48.8% | 48.1% | 39.8% | -9.0% | ||
| 3.04 | 3.68 | 5.08 | 0.61 | 4.39 | 2.36 | 1.58 | 2.10 | 1.98 | 1.76 | 1.56 | 1.78 | 1.23 | 0.63 | 1.20 | 1.37 | 1.95 | 1.93 | 1.66 | 0.95 | ||
| 0.23 | 0.07 | 0.04 | 0.17 | 0.04 | 0.08 | 0.14 | 0.12 | 0.57 | 0.82 | 1.36 | 1.08 | 1.00 | 1.52 | 2.11 | 4.75 | 1.05 | 1.08 | 1.51 | - | ||
| 1.7% | 1.5% | 1.7% | 0.4% | 0.9% | 0.1% | 0.5% | 0.8% | 15.9% | 19.5% | 19.6% | 32.7% | 36.6% | 39.6% | 68.6% | 76.3% | -18.5% | 41.5% | 119.8% | - | ||
| 1.4% | 1.4% | 1.6% | 0.3% | 0.8% | 0.1% | 0.5% | 0.7% | 10.1% | 10.7% | 8.3% | 15.8% | 18.2% | 15.7% | 22.1% | 13.3% | -9.0% | 20.0% | 47.6% | 61.2% | ||
| 20.53 | 80.72 | 71.25 | 82.20 | 66.65 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 |
| Carrying value of the mortgaged assets | €419,348 | €435,776 | €452,204 | €471,407 | €483,616 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €250,317 | - | - | €33,743 | €18,079 |
| Financial fixed assets | - | - | - | €229,260 | - |
| €47,530 | €37,497 | €37,497 | €37,997 | €37,646 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 29% lower than in 2024.
Debt's share of the balance-sheet total rises from 6.7% to 19.0%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2014 accounts. Every holding stands with its own latest accounts.
| Borghof
registered office since 14-02-2011 · founded in 2011 |
1 FTE (2025) 0833.853.768 |
| In-Lijn
registered office since 01-05-2006 · founded in 2005 |
6.2 FTE (2025) 0875.099.158 |
| LE GIRAFFE
registered office since 28-03-2014 · founded in 2014 |
4.1 FTE (2025) 0549.846.379 |
| HUIZE BORGHOF
registered office since 17-07-2023 · founded in 2023 · negative equity (2025) |
1.3 FTE (2025) 0804.012.511 |
| I-LINE
establishment since 06-12-2010 · founded in 2010 |
total assets €46,255 (2025) 0831.651.571 |
| Borghof Academy
registered office since 25-08-2017 |
founded in 2017 0680.460.938 |
| ITZU PROJECT SOURCING via BIESMANS Jean, no longer at ITZU PROJECT SOURCING · Director · deed of 17-11-2016 founded in 2006 · negative equity (2025) · group ITZU |
14 FTE (2025) |
| CAISSE NATIONALE PATRONALE POUR LES CONGES PAYES DANS L'INDUSTRIE DU BATIMENT ET DES TRAVAUX PUBLICS NATIONALE PATROONSKAS VOOR HET BETAALD VERLOF IN DE BOUWBE via BIESMANS Jean, no longer at CAISSE NATIONALE PATRONALE POUR LES CONGES PAYES DANS L'INDUSTRIE DU BATIMENT ET DES TRAVAUX PUBLICS NATIONALE PATROONSKAS VOOR HET BETAALD VERLOF IN DE BOUWBE · Director · deed of 10-08-2018 founded in 1937 |
total assets €271.1m (2025) |
| Tectum Dekkers via Jean Biesmans, no longer at Tectum Dekkers · Director · deed of 03-06-2020 founded in 1945 · group Biesmans Group |
127 FTE (2025) |
| EMBUILD via BIESMANS Jean, no longer at EMBUILD · Director · deed of 23-05-2017 founded in 1946 |
110 FTE (2025) |
| VOKA - Kamer van Koophandel Limburg via BIESMANS Jean, no longer at VOKA - Kamer van Koophandel Limburg · Director · deed of 26-06-2013 founded in 1941 |
55 FTE (2025) |
| BUILDWISE via BIESMANS Jean, no longer at BUILDWISE · Bestuurder vast comité · deed of 02-01-2020 |
founded in 1959 |
| TECTUM DISTRIBUTIECENTRUM via BIESMANS Jean, no longer at TECTUM DISTRIBUTIECENTRUM · Managing director · deed of 17-04-2019 No longer active |
11 FTE (2023) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tomstraat 101 registered office 3700 Tongeren-Borgloon 2110001 Manufacture of basic pharmaceutical products and pharmaceutical preparations | 17-07-1996 | 2.077.379.912 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73063A0164/00F000 | 5.5 ha | 1 · 1,651 m² | 19.2 m · 2 |
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