TEFCO Group
ActiveSummary
TEFCO Group has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.51M and a net result of €-129k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 52% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▲+5
Solvency72▼-3
Growth36▼-1
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.64 in 2024; short-term debt: 52.2% and cash: 8.1% of total assets), but 52.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.1%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-129k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
57 d early
2023
20 d early
2022
54 d early
2021
74 d early
2020
38 d early
2019
73 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€76.24M▼ 1.3%
2024 · €77.28M
2018: €61.97Mlowest in 8 years
2019: €71.87M▲ +16.0% vs 2018
2020: €73.12M▲ +1.7% vs 2019
2021: €91.25M▲ +24.8% vs 2020
2022: €96.13M▲ +5.4% vs 2021highest in 8 years
2023: €92.57M▼ -3.7% vs 2022
2024: €77.28M▼ -16.5% vs 2023
2025: €76.24M▼ -1.3% vs 2024
2018 → 2025
EBIT margin
-1.2%▲ 1.3pp
2024 · -2.5%
2018: 1.8%
2019: 1.1%▼ -38.5% vs 2018
2020: 2.8%▲ +151% vs 2019
2021: 4.9%▲ +75.6% vs 2020highest in 8 years
2022: 2.9%▼ -40.2% vs 2021
2023: 2.4%▼ -19.0% vs 2022
2024: -2.5%▼ -203% vs 2023lowest in 8 years
2025: -1.2%▲ +52.6% vs 2024
2018 → 2025
Net result
€-129k▲ 90.0%
2024 · €-1.28M
2018: €1.17M
2019: €1.00M▼ -14.7% vs 2018
2020: €2.03M▲ +102% vs 2019
2021: €3.96M▲ +95.6% vs 2020highest in 8 years
2022: €-2.72M▼ -169% vs 2021lowest in 8 years
2023: €2.40M▲ +188% vs 2022
2024: €-1.28M▼ -153% vs 2023
2025: €-129k▲ +90.0% vs 2024
2018 → 2025
Working capital
€9.29M▼ 0.3%
2024 · €9.32M
2018: €13.66M
2019: €12.74M▼ -6.7% vs 2018
2020: €14.59M▲ +14.6% vs 2019highest in 8 years
2021: €14.24M▼ -2.4% vs 2020
2022: €14.59M▲ +2.4% vs 2021
2023: €10.64M▼ -27.1% vs 2022
2024: €9.32M▼ -12.5% vs 2023
2025: €9.29M▼ -0.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€91.25M-€96.13M▲ 5.4%€92.57M▼ 3.7%€77.28M▼ 16.5%€76.24M▼ 1.3%
2021: €91.25M
2022: €96.13M▲ +5.4% vs 2021highest in 5 years
2023: €92.57M▼ -3.7% vs 2022
2024: €77.28M▼ -16.5% vs 2023
2025: €76.24M▼ -1.3% vs 2024lowest in 5 years
Equity€18.10M-€15.38M▼ 15.0%€15.92M▲ 3.6%€14.64M▼ 8.1%€14.51M▼ 0.9%
2021: €18.10Mhighest in 5 years
2022: €15.38M▼ -15.0% vs 2021
2023: €15.92M▲ +3.6% vs 2022
2024: €14.64M▼ -8.1% vs 2023
2025: €14.51M▼ -0.9% vs 2024lowest in 5 years
Operating result€4.49M-€2.83M▼ 37.0%€2.20M▼ 22.0%€-1.90M€-888k▲ 53.2%
2021: €4.49Mhighest in 5 years
2022: €2.83M▼ -37.0% vs 2021
2023: €2.20M▼ -22.0% vs 2022
2024: €-1.90M▼ -186% vs 2023lowest in 5 years
2025: €-888k▲ +53.2% vs 2024
Net result€3.96M-€-2.72M€2.40M€-1.28M€-129k▲ 90.0%
2021: €3.96Mhighest in 5 years
2022: €-2.72M▼ -169% vs 2021lowest in 5 years
2023: €2.40M▲ +188% vs 2022
2024: €-1.28M▼ -153% vs 2023
2025: €-129k▲ +90.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €888k in 2025 against €1.90M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30.84M
Fixed assets
€5.47M ▼ 3.5%
Current assets
€25.37M ▲ 6.2%
Equity and liabilities €30.84M
Equity
€14.51M ▼ 0.9%
Provisions
€67k ▼ 22.9%
Debt
€16.26M ▲ 9.7%
Debt's share of the balance-sheet total rises from 50.2% to 52.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-119k▲
2024 · €-1.12M
Cash flow
€640k▲
2024 · €-507k
Current ratio
1.58▼
2024 · 1.64
Quick ratio
0.93▼
2024 · 0.95
Debt to equity
1.12▲
2024 · 1.01
ROE
-0.9%▲
2024 · -8.8%
ROA
-0.4%▲
2024 · -4.3%
Interest coverage
-0.56▲
2024 · -4.26
Debt ≤ 1 year
€16.08M▲
2024 · €14.57M
Staff costs
€9.84M▼
2024 · €10.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29.55M€30.84M▲
Fixed assets21/28€5.67M€5.47M▼
Intangible fixed assets21€519k€510k▼
Tangible fixed assets22/27€5.15M€4.95M▼
Land and buildings22€4.09M€3.88M▼
Plant, machinery and equipment23€841k€848k▲
Furniture and vehicles24€175k€199k▲
Other tangible fixed assets26€37k€28k▼
Financial fixed assets28€3k€3k▼
Other financial fixed assets284/8€3k€3k▼
Amounts receivable and cash guarantees285/8€3k€3k▼
Current assets29/58€23.88M€25.37M▲
Stocks and contracts in progress3€10.02M€10.34M▲
Stocks30/36€10.02M€10.34M▲
Goods purchased for resale34€10.02M€10.34M▲
Amounts receivable within one year40/41€13.79M€12.52M▼
Trade receivables40€12.60M€12.49M▼
Other amounts receivable41€1.19M€31k▼
Cash at bank and in hand54/58€68k€2.49M▲
Deferred charges and accrued income490/1-€11k
Equity and liabilities
Total equity and liabilities10/49€29.55M€30.84M▲
Equity10/15€14.64M€14.51M▼
Contributions10/11€9.04M€9.04M=
Capital10€9.04M€9.04M=
Issued capital100€9.04M€9.04M=
Reserves13€1.51M€1.45M▼
Non-distributable reserves130/1€904k€904k=
Legal reserve130€904k€904k=
Tax-exempt reserves132€276k€216k▼
Distributable reserves133€330k€330k=
Profit (loss) carried forward14€4.09M€4.02M▼
Provisions and deferred taxes16€87k€67k▼
Deferred taxes168€87k€67k▼
Amounts payable17/49€14.82M€16.26M▲
Amounts payable within one year42/48€14.57M€16.08M▲
Current portion of amounts payable after more than one year42€5.00M-
Financial debts43€2.30M€7.60M▲
Credit institutions430/8-€7.60M
Other loans439€2.30M-
Trade debts44€4.80M€6.87M▲
Suppliers440/4€4.80M€6.87M▲
Advances received on contracts in progress46€162k€117k▼
Taxes, remuneration and social security45€2.31M€1.50M▼
Taxes450/3€391k€214k▼
Remuneration and social security454/9€1.92M€1.28M▼
Accrued charges and deferred income492/3€255k€176k▼
Income statement
Code20242025
Operating income70/76A€78.57M€76.98M▼
Turnover70€77.28M€76.24M▼
Other operating income74€1.29M€744k▼
Operating charges60/66A€80.47M€77.87M▼
Goods for resale, raw materials and consumables60€57.98M€55.83M▼
Purchases600/8€57.98M€56.11M▼
Change in stocks: decrease (increase)609€-7k€-281k▼
Services and other goods61€9.97M€10.88M▲
Remuneration, social security and pensions62€10.91M€9.84M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€777k€769k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-320k€-1.04M▼
Other operating charges640/8€1.15M€1.60M▲
Operating profit (loss)9901€-1.90M€-888k▲
Financial income75/76B€1.06M€1.11M▲
Recurring financial income75€1.06M€1.11M▲
Income from current assets751€4k€4k▼
Other financial income752/9€1.05M€1.11M▲
Financial charges65/66B€441k€371k▼
Recurring financial charges65€441k€371k▼
Debt charges650€263k€211k▼
Other financial charges652/9€177k€161k▼
Profit (loss) for the period before taxes9903€-1.28M€-149k▲
Transfer from deferred taxes780€24k€20k▼
Income taxes67/77€28k-
Taxes670/3€28k-
Profit (loss) for the period9904€-1.28M€-129k▲
Transfer from tax-exempt reserves789€71k€60k▼
Profit (loss) for the period to be appropriated9905€-1.21M€-69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.09M€4.02M▼
Profit (loss) brought forward from the previous period14P€5.30M€4.09M▼
Social balance
Average headcount (FTE)9087141.3126.0▼
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €91.76M | €96.80M | €94.83M | €78.57M | €76.98M | ▼ 2.0% |
| Turnover70 | €91.25M | €96.13M | €92.57M | €77.28M | €76.24M | ▼ 1.3% |
| Other operating income74 | €515k | €669k | €849k | €1.29M | €744k | ▼ 42.4% |
| Non-recurring operating income76A | - | - | €1.41M | - | - | - |
| Operating charges60/66A | €87.28M | €93.97M | €92.63M | €80.47M | €77.87M | ▼ 3.2% |
| Goods for resale, raw materials and consumables60 | €69.64M | €72.93M | €71.14M | €57.98M | €55.83M | ▼ 3.7% |
| Purchases600/8 | €71.93M | €73.75M | €71.38M | €57.98M | €56.11M | ▼ 3.2% |
| Change in stocks: decrease (increase)609 | €-2.29M | €-826k | €-239k | €-7k | €-281k | ▼ 4,145% |
| Services and other goods61 | €7.86M | €9.01M | €9.49M | €9.97M | €10.88M | ▲ 9.1% |
| Remuneration, social security and pensions62 | €7.87M | €8.81M | €10.52M | €10.91M | €9.84M | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €627k | €644k | €823k | €777k | €769k | ▼ 1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €772k | €480k | €-218k | €-320k | €-1.04M | ▼ 225% |
| Other operating charges640/8 | €511k | €2.11M | €875k | €1.15M | €1.60M | ▲ 39.1% |
| Operating profit (loss)9901 | €4.49M | €2.83M | €2.20M | €-1.90M | €-888k | ▲ 53.2% |
| Financial income75/76B | €1.25M | €1.18M | €1.24M | €1.06M | €1.11M | ▲ 4.8% |
| Recurring financial income75 | €1.25M | €1.18M | €1.24M | €1.06M | €1.11M | ▲ 4.8% |
| Income from current assets751 | - | - | €18k | €4k | €4k | ▼ 6.1% |
| Other financial income752/9 | €1.25M | €1.18M | €1.23M | €1.05M | €1.11M | ▲ 4.8% |
| Financial charges65/66B | €380k | €5.75M | €612k | €441k | €371k | ▼ 15.8% |
| Recurring financial charges65 | €380k | €377k | €612k | €441k | €371k | ▼ 15.8% |
| Debt charges650 | €33k | €78k | €310k | €263k | €211k | ▼ 20.0% |
| Other financial charges652/9 | €347k | €299k | €301k | €177k | €161k | ▼ 9.5% |
| Non-recurring financial charges66B | - | €5.38M | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €5.35M | €-1.74M | €2.84M | €-1.28M | €-149k | ▲ 88.4% |
| Transfer from deferred taxes780 | €7k | €18k | €24k | €24k | €20k | ▼ 16.0% |
| Income taxes67/77 | €1.40M | €992k | €457k | €28k | - | - |
| Taxes670/3 | €1.40M | €992k | €457k | €28k | - | - |
| Profit (loss) for the period9904 | €3.96M | €-2.72M | €2.40M | €-1.28M | €-129k | ▲ 90.0% |
| Transfer from tax-exempt reserves789 | €21k | €55k | €72k | €71k | €60k | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €3.98M | €-2.66M | €2.47M | €-1.21M | €-69k | ▲ 94.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35.70M | €35.77M | €35.63M | €29.55M | €30.84M | ▲ 4.3% |
| Fixed assets21/28 | €4.05M | €6.03M | €5.58M | €5.67M | €5.47M | ▼ 3.5% |
| Intangible fixed assets21 | €120k | €331k | €331k | €519k | €510k | ▼ 1.6% |
| Tangible fixed assets22/27 | €3.93M | €4.72M | €5.25M | €5.15M | €4.95M | ▼ 3.7% |
| Land and buildings22 | €3.02M | €3.90M | €4.09M | €4.09M | €3.88M | ▼ 5.2% |
| Plant, machinery and equipment23 | €723k | €690k | €794k | €841k | €848k | ▲ 0.8% |
| Furniture and vehicles24 | €75k | €55k | €316k | €175k | €199k | ▲ 13.3% |
| Leasing and similar rights25 | - | - | €2k | - | - | - |
| Other tangible fixed assets26 | €113k | €73k | €49k | €37k | €28k | ▼ 25.9% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €4k | €975k | €3k | €3k | €3k | ▼ 6.2% |
| Affiliated companies280/1 | - | €972k | €0 | - | - | - |
| Participating interests280 | - | €972k | €0 | - | - | - |
| Other financial fixed assets284/8 | €4k | €3k | €3k | €3k | €3k | ▼ 6.2% |
| Amounts receivable and cash guarantees285/8 | €4k | €3k | €3k | €3k | €3k | ▼ 6.2% |
| Current assets29/58 | €31.65M | €29.74M | €30.05M | €23.88M | €25.37M | ▲ 6.2% |
| Stocks and contracts in progress3 | €8.88M | €9.34M | €9.97M | €10.02M | €10.34M | ▲ 3.2% |
| Stocks30/36 | €8.88M | €9.34M | €9.97M | €10.02M | €10.34M | ▲ 3.2% |
| Goods purchased for resale34 | €8.88M | €9.34M | €9.97M | €10.02M | €10.34M | ▲ 3.2% |
| Amounts receivable within one year40/41 | €19.64M | €17.99M | €20.01M | €13.79M | €12.52M | ▼ 9.2% |
| Trade receivables40 | €19.36M | €17.54M | €15.22M | €12.60M | €12.49M | ▼ 0.9% |
| Other amounts receivable41 | €274k | €446k | €4.79M | €1.19M | €31k | ▼ 97.4% |
| Cash at bank and in hand54/58 | €2.97M | €2.38M | €78k | €68k | €2.49M | ▲ 3,556% |
| Deferred charges and accrued income490/1 | €167k | €38k | - | - | €11k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35.70M | €35.77M | €35.63M | €29.55M | €30.84M | ▲ 4.3% |
| Equity10/15 | €18.10M | €15.38M | €15.92M | €14.64M | €14.51M | ▼ 0.9% |
| Contributions10/11 | €9.04M | €9.04M | €9.04M | €9.04M | €9.04M | = |
| Capital10 | €9.04M | €9.04M | €9.04M | €9.04M | €9.04M | = |
| Issued capital100 | €9.04M | €9.04M | €9.04M | €9.04M | €9.04M | = |
| Reserves13 | €1.71M | €1.65M | €1.58M | €1.51M | €1.45M | ▼ 4.0% |
| Non-distributable reserves130/1 | €904k | €904k | €904k | €904k | €904k | = |
| Legal reserve130 | €904k | €904k | €904k | €904k | €904k | = |
| Tax-exempt reserves132 | €474k | €420k | €347k | €276k | €216k | ▼ 21.8% |
| Distributable reserves133 | €330k | €330k | €330k | €330k | €330k | = |
| Profit (loss) carried forward14 | €7.34M | €4.68M | €5.30M | €4.09M | €4.02M | ▼ 1.7% |
| Provisions and deferred taxes16 | €154k | €135k | €111k | €87k | €67k | ▼ 22.9% |
| Deferred taxes168 | €154k | €135k | €111k | €87k | €67k | ▼ 22.9% |
| Amounts payable17/49 | €17.45M | €20.26M | €19.60M | €14.82M | €16.26M | ▲ 9.7% |
| Amounts payable after more than one year17 | - | €5.00M | - | - | - | - |
| Financial debts170/4 | - | €5.00M | - | - | - | - |
| Other loans174 | - | €5.00M | - | - | - | - |
| Amounts payable within one year42/48 | €17.41M | €15.15M | €19.41M | €14.57M | €16.08M | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €1.50M | - | €5.00M | €5.00M | - | - |
| Financial debts43 | - | - | - | €2.30M | €7.60M | ▲ 231% |
| Credit institutions430/8 | - | - | - | - | €7.60M | - |
| Other loans439 | - | - | - | €2.30M | - | - |
| Trade debts44 | €11.47M | €13.14M | €10.44M | €4.80M | €6.87M | ▲ 43.1% |
| Suppliers440/4 | €11.47M | €13.14M | €10.44M | €4.80M | €6.87M | ▲ 43.1% |
| Advances received on contracts in progress46 | €196k | €169k | €113k | €162k | €117k | ▼ 27.6% |
| Taxes, remuneration and social security45 | €1.25M | €1.84M | €2.00M | €2.31M | €1.50M | ▼ 35.2% |
| Taxes450/3 | €458k | €321k | €306k | €391k | €214k | ▼ 45.3% |
| Remuneration and social security454/9 | €796k | €1.52M | €1.70M | €1.92M | €1.28M | ▼ 33.1% |
| Other amounts payable47/48 | €2.99M | - | €1.86M | - | - | - |
| Accrued charges and deferred income492/3 | €49k | €105k | €187k | €255k | €176k | ▼ 31.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.96M | €-2.72M | €2.40M | €-1.28M | €-129k | ▲ 90.0% |
| + Depreciation and write-downs630 | €627k | €644k | €823k | €777k | €769k | ▼ 1.0% |
| Operating cash flow (approximation) | €4.59M | €-2.07M | €3.22M | €-507k | €640k | ▲ 226% |
| Investment in fixed assets (approximation) | - | €-2.62M | €-377k | €-863k | €-569k | ▲ 34.1% |
| Change in cash | - | €-591k | €-2.30M | €-9k | €2.43M | ▲ 26,283% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
General meeting · MergerDemerger · Transfer of a branch of activity or universality · Share issue15 facts ▸
State Gazette act
General meeting · Merger
Demerger · Transfer of a branch of activity or universality · Share issue15 facts ▸
- General meeting, 29-07-2026
- Merger, partial demerger, article 12:08 juncto l'article 12:74 et suivants du Code des sociétés et des associations
- Other statement, ordre du jour
- Demerger, partial demerger, dispense du notaire d'une représentation chiffrée et bilantaire complète du Patrimoine Scindé
- Transfer of a branch of activity or universality, branch of activity, droits de propriété, ainsi que toutes les charges et obligations (le cas échéant), portant sur certains biens immobiliers
- Share issue, actionnaire unique de la Société à Scinder Partiellement, nominatives
- Capital decrease, €1.929.297,38
- Statutes amendment, 5
- Other statement, procuration pour la constatation de la constitution de la Nouvelle Société à constituer
- Other statement, procuration pour la coordination des statuts
- Power of attorney
- Power of attorney
- +3 further facts in this act
23-09
State Gazette act
General meeting · MergerDemerger · Declaration · Incorporation16 facts ▸
State Gazette act
General meeting · Merger
Demerger · Declaration · Incorporation16 facts ▸
- General meeting, 29-07-2026
- Merger, partiele splitsing, artikel 12:08 juncto artikel 12:74 en volgende van het Wetboek van vennootschappen en verenigingen
- Demerger, partiele splitsing, aandelen in de Nieuw op te richten Vennootschap worden uitgegeven aan de aandeelhouders van de Partieel te Splitsen Vennootschap evenredig a…
- Declaration, no debts on property, Er rusten geen schulden op het Onroerend Goed. bijgevolg worden geen schulden overgenomen door de Nieuw op te richten Vennootschap.
- Other statement, De vergadering stelt ondergetekende notaris vrij van een volledige cijfer- en balansmatige weergave van het Afgesplitste Vermogen in onderhavige akte, daar hij…
- Declaration, Aangezien de onderhavige operatie een partiële splitsing door oprichting betreft waarbij de overgedragen bestanddelen overgaan op de Nieuw op te richten Vennoot…
- Declaration, Er zal geen opleg in geld aan de aandeelhouders van de Partieel te Splitsen Vennootschap worden toegekend.
- Incorporation, 29-07-2026
- Capital decrease, €1.929.297,38
- Statutes amendment, 5
- Capital, €7.114.786,27
- Statutes amendment
- +4 further facts in this act
18-09
State Gazette act
Restructuring · MiscellaneousReal estate · Demerger3 facts ▸
State Gazette act
Restructuring · Miscellaneous
Real estate · Demerger3 facts ▸
- General meeting, 29-07-2026
- Real estate, weiland, op en met grond en aanhorigheden, kadastraal gekend als “IN DEN HOEK”
- Demerger, partiele splitsing door overneming, artikel 12:8, 1° WVV jo. artikelen 12:59 e.v. WVV
27-08
State Gazette act
Capital & sharesCapital increase · Bank account · Capital5 facts ▸
State Gazette act
Capital & shares
Capital increase · Bank account · Capital5 facts ▸
- General meeting, 12-08-2026
- Capital increase, €100.000
- Bank account, BNP Paribas Fortis, BE45 0020 3650 4589
- Capital, €7.214.786,27
- Power of attorney, DLA PIPER UK LLP
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
RestructuringDemerger · Accounting effect · Power of attorney19 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Power of attorney19 facts ▸
- Board meeting, 10 maart 2026
- Demerger
- Accounting effect, 1 januari 2026
- Power of attorney, DLA Piper UK LLP
- Power of attorney, DLA Piper UK LLP
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Brugsesteenweg 43, 8450 Bredene, gekadastreerd als 35302 Bredene, 2de afdeling, sectie D met perceelnummer…
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Watlingtonstraat 2/4, 9000 Gent, gekadastreerd gekend als 44813 GENT 13 AFD, sectie S met perceelnummer 049…
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Rue des Nouvelles Technologies 29, 4460 Grâce-Hollogne, gekadastreerd als 62046 GRACE-HOLLOGNE 1 DIV/GR-BER…
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Prijkelstraat 34, 9810 Nazareth, gekadastreerd als 44048 NAZARETH-DE PINTE 1 AFD/NAZARETH/, sectie A met pe…
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Vaartstraat 166, 2520 Ranst-Oelegem, gekadastreerd gekend als 11031 RANST 2 AFD/OELEGEM/, sectie C, perceel…
- Real estate, gebouw, op en met grond en aanhorigheden, gelegen te Lummense Kiezel 78, gekadastreerd, sectie A met perceelnummers 0117GP0000 (uitzondering lot 1)
- Real estate, weiland, op en met grond en aanhorigheden, kadastraal gekend als "IN DEN HOEK", sectie A, 0116E2P0000
- +7 further facts in this act
20-03
State Gazette act
RestructuringDemerger · Accounting effect · Share issue12 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Share issue12 facts ▸
- Demerger, scission partielle par constitution
- Accounting effect, 01/01/2026
- Share issue, 48681, contrepartie de l'apport des Actifs Scindés
- Real estate, Brugsesteenweg 43, 8450 Bredene, cadastré sous le numéro 35302 Bredene, 2e division, section D, avec le numéro de parcelle 0077DP0000
- Real estate, Watlingtonstraat 2/4, 9000 Gand, cadastré sous le numéro 44813 GAND 13 AFD, section S avec le numéro de parcelle 0494EP0000
- Real estate, rue des Nouvelles Technologies 29, 4460 Grâce-Hollogne, cadastré sous le numéro 62046 GRACE-HOLLOGNE 1 DIV/GR-BERLEUR, section A avec le numéro de parcelle 0035…
- Real estate, Prijkelstraat 34, 9810 Nazareth, cadastré sous le numéro 44048 NAZARETH-DE PINTE 1 AFD/NAZARETH/, section A avec le numéro de parcelle 0132D3P0000
- Real estate, Vaartstraat 166, 2520 Ranst-Oelegem, cadastré sous le numéro 11031 RANST 2 AFD/OELEGEM/ section C avec les numéros de parcelle 0378E2P0000, ainsi que le terrain…
- Real estate, Lummense Kiezel 78, cadastré, section A avec les numéros de parcelle 0117GP0000 (à l'exception de la superficie de 55a 72ca, lot 1, 0323 A P0000)
- Real estate, prairie, cadastré sous la dénomination << IN DEN HOEK », section A, 0116E2P0000
- Real estate, prairie, cadastré sous la dénomination < IN DEN HOEK », section A, 0119ZP0000 (à l'exception de la superficie de 8a 28ca, lot 2, 0323 B P0000)
- Power of attorney, DLA Piper UK LLP
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2.40M
Net result €2.40M after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-2.72M
Net result drops to €-2.72M, the lowest in the series; recovery starts the following year.
Show earlier events
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €3.96M ▲95.6%
Operating result €4.49M, net result €3.96M, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
8 of 45 acts read
About the unread acts
Of the 45 Belgian State Gazette acts we know for this company, 8 have been read. The other 37 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
45 acts for this company are in the Belgian State Gazette, of which we have read 8. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 11 establishment units since 1964
Ground area
10.4 ha
Building footprint
2.3 ha
Volume, LiDAR
142,615 m³
9 parcels, Flanders, Wallonia · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
11 establishment units
Afwerkingshop
since 19642.038.366.710
Vaartstraat 166, 2520 Ranst
since 19712.038.366.512
Prijkelstraat 34, 9810 Nazareth-De Pinte
since 19882.189.605.150
Brugsesteenweg 43, 8450 Bredene
since 19902.189.604.952
Rue des Nouvelles Technologies 29, 4460 Grâce-Hollogne
since 19962.189.605.645
Rue des Emailleries 4, 6041 Charleroi
since 20132.216.490.580
Show 5 more locations
SFIC Tournai
since 20152.239.481.164
Sfic Brussel
since 20182.273.839.554
SFIC Gent
since 20232.345.382.497
SFIC Kuringen
since 20232.345.382.596
SFIC Kermt
since 20232.345.382.695
9 parcels
Flanders
7
(77.8%)
Wallonia
2
(22.2%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0387/00L004 | Wallonia | 2.6 ha | 1 · 396 m² | 6.3 m · 2 fl. |
| 24038C0155/00M000 | Flanders | 1.5 ha | 1 · 1,301 m² | 6.9 m · 2 fl. |
| 11031C0378/00E002 | Flanders | 1.3 ha | 1 · 1,152 m² | - |
| 71028A0117/00H000 | Flanders | 1.3 ha | 1 · 1,895 m² | 5.4 m · 1 fl. |
| 71483C0096/00H000 | Flanders | 9,728 m² | 1 · 6,871 m² | 9.7 m · 3 fl. |
| 62046A0026/04_000 | Wallonia | 7,587 m² | 1 · 3,889 m² | 7.7 m · 2 fl. |
| 44048A0132/00D003 | Flanders | 7,296 m² | 1 · 2,827 m² | 13.3 m · 2 fl. |
| 44813S0494/00E000 | Flanders | 6,535 m² | 1 · 3,617 m² | 7.7 m · 2 fl. |
| 35302D0077/00D000 | Flanders | 6,374 m² | 1 · 723 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Who signs
Two directors jointly
Annual meeting
Second Friday of May at 20:00
Duration
Unlimited
Purpose
Holdingmaatschappij; Onderneming voor het beheer van beleggingen en vermogens; Onderneming voor borgstelling en waarborgen; Onderneming in onroerende goederen…
Full purpose (7 activities)
- Holdingmaatschappij
- Onderneming voor het beheer van beleggingen en vermogens
- Onderneming voor borgstelling en waarborgen
- Onderneming in onroerende goederen
- Administratiekantoor
- Aanneming van openbare en private werken
- Handel en fabricatie van bouwmaterialen
Other provisions of the articles (23)
- Demerger: De Nieuw op te richten Vennootschap zal, met inachtneming van het toepasselijke recht, alle verplichtingen en aansprakelijkheden van de Partieel te Splitsen Ven…
- Other statement: De vergadering beslist met eenparigheid van stemmen dat, teneinde betwistingen te vermijden over de toewijzing van bepaalde vermogensbestanddelen van de Partiee…
- Demerger: Aan de aandeelhouders van de Partieel te Splitsen Vennootschap zullen volgestorte nieuw uit te geven aandelen op naam van de Nieuw op te richten Vennootschap wo…
- Demerger: De Nieuw op te richten Vennootschap zal de nieuwe aandelen uitreiken aan de enige aandeelhouder van de Partieel te Splitsen Vennootschap en dit in verhouding to…
- Demerger: De vergadering beslist dat de uitreiking van de nieuwe aandelen en de inschrijving in het aandelenregister van de Nieuw op te richten Vennootschap zal worden ve…
- Demerger: De vergadering stelt vast dat overeenkomstig het Splitsingsvoorstel de nieuw gecreëerde aandelen van de Nieuw op te richten Vennootschap in de winst deelnemen v…
- Accounting effect: 01-01-2026
- Demerger: Vanuit juridisch oogpunt worden de verrichtingen geacht te zijn gedaan vanaf de oprichting van de Nieuw op te richten Vennootschap.
- Legal form clause: TEFCO Group
- Registered office clause: Vlaamse Gewest, De vennootschap mag, bij beslissing van het bestuursorgaan, bijkantoren en depots in België of het buitenland oprichten.
- Other statement: Elke statutenwijziging die betrekking heeft met het voorwerp van de vennootschap kan alleen gebeuren met de goedkeuring der Algemene Vergadering, beslissend met…
- Capital: €7.114.786,27
- Board rule: collegiaal bestuursorgaan, raad van bestuur, natuurlijke of rechtspersonen, al dan niet aandeelhouders
- Board rule
- Board rule: bestuursbevoegdheid en dagelijks bestuur, meest uitgebreide macht voor handelingen nodig of dienstig voor voorwerp, met uitzondering van handelingen aan algemen…
- Other statement: plaats algemene vergaderingen, in oproepingsbrief medegedeeld
- Other statement: toelating tot vergadering, minstens drie werkdagen voor datum van bijeenkomst
- Other statement: vertegenwoordiging, bureau van de vergadering
- Other statement: formulier opgesteld door bestuursorgaan, stemrecht
- Other statement: winstverdeling, bestuursorgaan
- Other statement: interimdividenden, naleving van toepasselijke wettelijke bepalingen
- Dissolution rule: alle machten genoemd in artikel 2:87 WVV zonder bijzondere machtiging, algemene vergadering kan bevoegdheden beperken bij gewone meerderheid
- Liquidation distribution: gelijkheidsbeginsel
Structure & network
Acquisitions and mergers
2 transactionsSplit off to:TEFCO PropCo
Demerger with:Ponsardin PropCo
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 20-03-2026 ↗
- BV Ponsardin Holding (BE 0711.907.249) 48,681 shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 23-09-2026 Capital reduction of 1,929,297.38 EUR · to 7,114,786.27 EUR · afboeking andere balansposten
- 27-08-2026 Capital increase of 100,000 EUR · to 7,214,786.27 EUR · 2,085 new shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 47,596 EUR awarded · 47,596 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 11,376 EUR | 11,376 EUR |
| 2024 | 2 | 12,588 EUR | 12,588 EUR |
| 2023 | 2 | 12,997 EUR | 12,997 EUR |
| 2022 | 2 | 10,635 EUR | 10,635 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Individueel Maatwerk
Recognitions · licences · registrations
Legal Entity Identifier
529900CMJ286RTPVK695
Similar companies · same sector, comparable size
DE WITTE
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BOUWMATERIALEN JORISSEN
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WIJCKMANS
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HANSEZ DALEM
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BOSS PAINTS
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1954
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47529Retail trade
Contact
Website
www.sfic.beLeuven
Scores and ratios are computed by Checked and are not a credit decision.