TEJO
Annual accounts 2025
micro format, filed on 22-12-2025, 129 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €45,000. Estimated: probably between €33,000 and €65,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €1.2m on 30-09-2025in €m
in euro
Position in the sector
81.5%
Higher than 87% of 17,194 companies in 2025.
33.21
Higher than 95% of 16,491 companies in 2025.
-5.2%
Higher than 16% of 16,870 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
1.2m | 1.3m | 1.6m | 1.6m | 1.7m | 1.7m | 1.8m | 2.1m | 2.1m | 2.2m | 2.2m | 1.5m | 1.5m | 1.3m | 1.3m | 990,250 | 921,071 | 881,504 | 844,457 | |
21/28 |
998,267 | 576,684 | 598,057 | 619,824 | 644,361 | 675,274 | 698,903 | 728,431 | 767,209 | 801,174 | 696,799 | 1.1m | 1.1m | 994,382 | 747,910 | 754,310 | 768,474 | 739,734 | 751,277 | |
22/27 |
996,967 | 575,383 | 596,756 | 618,523 | 643,060 | 673,974 | 697,603 | 727,130 | 765,908 | 799,874 | 695,498 | 517,647 | 559,275 | 438,081 | 191,609 | 198,009 | 212,173 | 184,716 | 196,259 | |
22 |
976,941 | 554,074 | 574,163 | 594,299 | 624,865 | 655,430 | 685,996 | 716,915 | 747,834 | 777,577 | 634,562 | 434,048 | 465,428 | 386,075 | 147,646 | 173,334 | 182,541 | 180,557 | 189,781 | |
23 |
- | - | - | 348 | 696 | 1,043 | 1,444 | - | - | 2,036 | 8,709 | 12,740 | 11,263 | 14,284 | 16,196 | 9,766 | 9,753 | 4,158 | 5,548 | |
24 |
20,025 | 21,309 | 22,593 | 23,877 | 17,500 | 17,500 | 10,162 | 10,215 | 18,074 | 20,260 | 52,228 | 70,859 | 82,584 | 37,722 | 27,767 | 14,909 | 19,879 | - | 930 | |
28 |
1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 1,301 | 556,301 | 556,301 | 556,301 | 556,301 | 556,301 | 556,301 | 555,019 | 555,019 | |
29/58 |
171,077 | 680,528 | 1.0m | 1.0m | 1.0m | 1.1m | 1.1m | 1.4m | 1.3m | 1.4m | 1.5m | 456,613 | 338,740 | 341,535 | 506,061 | 235,940 | 152,598 | 141,769 | 93,179 | |
40/41 |
76,678 | 535,328 | 872,871 | 890,678 | 903,379 | 945,426 | 1.0m | 1.3m | 1.2m | 1.3m | 1.1m | 28,113 | 1,614 | 7,597 | 11 | - | 1,140 | - | - | |
40 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,140 | - | - | |
41 |
76,678 | 535,328 | 872,871 | 890,678 | 903,379 | 945,426 | 1.0m | 1.3m | 1.2m | 1.3m | 1.1m | 28,113 | 1,614 | 7,597 | 11 | - | - | - | - | |
50/53 |
- | - | - | - | - | - | - | - | 101,278 | 101,278 | 101,278 | 101,278 | 101,278 | 101,278 | 157,983 | 150,000 | 50,000 | 50,000 | 50,000 | |
54/58 |
94,399 | 145,200 | 144,823 | 136,150 | 145,431 | 121,866 | 44,059 | 112,576 | 6,295 | 10,415 | 226,234 | 327,221 | 235,848 | 232,660 | 348,067 | 85,940 | 101,458 | 91,769 | 43,179 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
1.2m | 1.3m | 1.6m | 1.6m | 1.7m | 1.7m | 1.8m | 2.1m | 2.1m | 2.2m | 2.2m | 1.5m | 1.5m | 1.3m | 1.3m | 990,250 | 921,071 | 881,504 | 844,457 | |
10/15 |
953,282 | 1.0m | 1.5m | 1.5m | 1.5m | 1.6m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.4m | 1.3m | 1.2m | 1.1m | 771,460 | 634,866 | 534,112 | 443,287 | |
10/11 |
545,000 | 545,000 | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | |
100 |
- | - | - | - | - | - | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | |
13 |
562,106 | 562,106 | 562,106 | 562,106 | 562,106 | 562,106 | 562,106 | 562,106 | 489,705 | 469,653 | 450,791 | 343,846 | 1.2m | 1.1m | 943,253 | 661,460 | 524,866 | 424,112 | 333,287 | |
130/1 |
- | - | 104,500 | 104,500 | 104,500 | 104,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 104,500 | 104,500 | 104,500 | 104,500 | 104,500 | 104,500 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | |
1311 |
- | - | 104,500 | 104,500 | 104,500 | 104,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | 36,750 | |
133 |
525,356 | 525,356 | 420,856 | 420,856 | 420,856 | 420,856 | 420,856 | 420,856 | 348,455 | 328,403 | 309,541 | 202,596 | 1.2m | 1.0m | 895,503 | 613,710 | 477,116 | 376,362 | 285,537 | |
14 |
-153,823 | -92,801 | -96,907 | -91,839 | -65,267 | -41,103 | -25,410 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
216,062 | 242,907 | 105,551 | 131,385 | 151,332 | 176,563 | 205,841 | 509,393 | 573,867 | 649,621 | 659,091 | 141,714 | 123,848 | 139,164 | 200,718 | 218,790 | 286,205 | 347,392 | 401,170 | |
17 |
210,910 | 216,062 | 73,247 | 99,680 | 125,706 | 151,332 | 176,563 | 184,868 | 278,155 | 314,407 | 268,422 | 87,766 | 98,934 | 111,229 | 120,336 | 150,110 | 202,983 | 252,843 | 299,294 | |
170/4 |
41,250 | 46,401 | 73,247 | 99,680 | 125,706 | 151,332 | 176,563 | 184,868 | 278,155 | 314,407 | 268,422 | 87,766 | 98,934 | 111,229 | 120,336 | 150,110 | 202,983 | 252,843 | 299,294 | |
178/9 |
169,660 | 169,660 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
5,151 | 26,846 | 32,304 | 31,705 | 25,626 | 25,232 | 29,277 | 324,525 | 295,712 | 335,214 | 389,769 | 53,948 | 24,914 | 27,936 | 80,382 | 68,680 | 83,223 | 94,549 | 101,876 | |
42 |
5,151 | 26,846 | 26,433 | 26,026 | 25,626 | 25,232 | 24,844 | 41,001 | 36,251 | 35,539 | 29,344 | 11,168 | 10,854 | 9,107 | 8,587 | 36,996 | 36,996 | 36,996 | 36,996 | |
44 |
- | - | 5,871 | 5,679 | - | - | 1,394 | - | - | 1,485 | 1,485 | 10,411 | 2,554 | 2,761 | 2,377 | 3,236 | 3,387 | 2,637 | 2,509 | |
440/4 |
- | - | 5,871 | 5,679 | - | - | 1,394 | - | - | 1,485 | 1,485 | 10,411 | 2,554 | 2,761 | 2,377 | 3,236 | 3,387 | 2,637 | 2,509 | |
45 |
- | - | - | - | - | - | 3,040 | 24,389 | 4,918 | 5,135 | 77,698 | 5,454 | 2,479 | 3,436 | 44,677 | - | - | - | - | |
450/3 |
- | - | - | - | - | - | 3,040 | 24,389 | 4,918 | 5,135 | 77,698 | 5,454 | 2,479 | 3,436 | 44,677 | - | - | - | - | |
47/48 |
- | - | - | - | - | - | - | 259,135 | 254,543 | 293,055 | 281,243 | 26,915 | 9,028 | 12,631 | 24,741 | 28,447 | 42,839 | 54,916 | 62,371 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 900 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 196,200 | 255,700 | 213,250 | 207,950 | |
76A |
- | - | - | - | - | 7,338 | - | 55,360 | - | 14,138 | 210,256 | - | 1,174 | - | - | - | - | - | - | |
9900 |
27,327 | 13,966 | 23,287 | 9,616 | 13,910 | 19,435 | 6,948 | 108,254 | 8,872 | -2,844 | -13,664 | 293,117 | 252,155 | 245,520 | 438,050 | 128,751 | 186,499 | 155,546 | 150,004 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 77,049 | 72,472 | 60,285 | 59,366 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 202 | 1,063 | - | - | - | - | - | - | |
630 |
28,417 | 21,372 | 21,767 | 30,956 | 30,914 | 30,967 | 31,267 | 38,778 | 35,141 | 41,577 | 60,615 | 53,505 | 58,965 | 38,882 | 25,322 | 25,255 | 25,532 | 18,609 | 20,391 | |
640/8 |
58,690 | 3,843 | 4,520 | 2,647 | 4,301 | 106 | 1,818 | 1,784 | 3,580 | 193 | 31,782 | 5,075 | 2,435 | 1,600 | 2,822 | 3,052 | 1,131 | 2,217 | 2,179 | |
9901 |
-59,779 | -11,249 | -3,000 | -23,987 | -21,304 | -11,638 | -26,137 | 67,692 | -29,849 | -44,614 | -106,062 | 234,334 | 189,692 | 205,038 | 409,906 | 100,444 | 159,835 | 134,719 | 127,434 | |
75/76B |
6 | 17,014 | - | - | - | - | - | 49,202 | 72,405 | 87,569 | 4,376 | 3,023 | 4,096 | 3,912 | 84,550 | 76,885 | 1,633 | 709 | 883 | |
75 |
6 | 17,014 | - | - | - | - | - | 49,202 | 72,405 | 73,431 | 4,376 | 3,023 | 4,096 | 3,912 | 84,550 | 76,885 | 1,633 | 709 | 883 | |
76B |
- | - | - | - | - | - | - | - | - | 14,138 | - | - | - | - | - | - | - | - | - | |
65/66B |
1,249 | 1,658 | 2,068 | 2,586 | 2,860 | 4,055 | 3,591 | 15,450 | 22,479 | 23,901 | 3,444 | 3,201 | 3,498 | 7,896 | 9,685 | 12,596 | 15,600 | 17,684 | 21,100 | |
65 |
1,249 | 1,658 | 2,068 | 2,586 | 2,860 | 4,055 | 3,591 | 15,450 | 22,479 | 23,901 | 3,444 | 3,201 | 3,498 | 7,896 | 9,685 | 12,596 | 15,600 | 17,684 | 21,100 | |
9903 |
-61,022 | 4,106 | -5,068 | -26,573 | -24,164 | -15,693 | -29,728 | 101,444 | 20,077 | 19,054 | 105,126 | 234,156 | 191,464 | 201,054 | 484,771 | 164,732 | 145,868 | 117,744 | 107,217 | |
67/77 |
- | - | - | - | - | - | -4,318 | 29,044 | 26 | 192 | -1,819 | 71,889 | 57,748 | 27,555 | 202,977 | 28,139 | 45,115 | 26,919 | 25,046 | |
9904 |
-61,022 | 4,106 | -5,068 | -26,573 | -24,164 | -15,693 | -25,410 | 72,401 | 20,052 | 18,862 | 106,945 | 162,267 | 133,716 | 173,499 | 281,794 | 136,594 | 100,754 | 90,825 | 82,171 | |
9905 |
-61,022 | 4,106 | -5,068 | -26,573 | -24,164 | -15,693 | -25,410 | 72,401 | 20,052 | 18,862 | 106,945 | 162,267 | 133,716 | 173,499 | 281,794 | 136,594 | 100,754 | 90,825 | 82,171 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-153,823 | -92,801 | -96,907 | -91,839 | -65,267 | -41,103 | -25,410 | 72,401 | 20,052 | 18,862 | 106,945 | 162,267 | 133,716 | 173,499 | 281,794 | 136,594 | 100,754 | 90,825 | 82,171 | |
14P |
-92,801 | -96,907 | -91,839 | -65,267 | -41,103 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | 1.0m | - | 30,000 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 72,401 | 20,052 | 18,862 | 106,945 | 162,267 | 133,716 | 173,499 | 281,794 | 136,594 | 100,754 | 90,825 | 82,171 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 93,500 | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | 72,401 | 20,052 | 18,862 | 106,945 | 68,767 | 133,716 | 173,499 | 281,794 | 136,594 | 100,754 | 90,825 | 82,171 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 1.0m | - | 30,000 | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | 1.0m | - | 30,000 | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 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 22-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 22-12-2025 | 2025-00587599 | |
| 30-09-2024 | micro format | 20-12-2024 | 2024-00621940 | |
| 30-09-2023 | micro format | 06-02-2024 | 2024-00027590 | |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00065212 | |
| 30-09-2021 | micro format | 30-05-2022 | 2022-20045588 | |
| 30-09-2020 | micro format | 13-04-2021 | 2021-10300406 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10300543 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07800409 | |
| 30-09-2017 | micro format | 18-12-2017 | 2017-72200220 | |
| 30-09-2016 | abbreviated format | 25-04-2017 | 2017-10200249 | |
| 30-09-2015 | abbreviated format | 14-03-2016 | 2016-06400040 | |
| 30-09-2014 | abbreviated format | 06-01-2015 | 2015-00300131 | |
| 30-09-2013 | abbreviated format | 29-01-2014 | 2014-02200522 | |
| 30-09-2012 | abbreviated format | 23-11-2012 | 2012-64800186 | |
| 30-09-2011 | abbreviated format | 21-03-2012 | 2012-07000057 | |
| 30-09-2010 | abbreviated format | 21-03-2011 | 2011-06300077 | |
| 30-09-2009 | abbreviated format | 22-03-2010 | 2010-07100248 | |
| 30-09-2008 | abbreviated format | 23-03-2009 | 2009-08400124 | |
| 30-09-2007 | abbreviated format | 26-03-2008 | 2008-08300198 | |
| 30-09-2006 | abbreviated format | 28-03-2007 | 2007-11301583 | |
| 30-09-2005 | abbreviated format | 30-03-2006 | 2006-09802931 | |
| 30-09-2004 | abbreviated format | 29-03-2005 | 2005-09704416 | |
| 30-09-2003 | abbreviated format | 07-06-2004 | 2004-21801698 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -31,363 | 10,123 | 18,767 | 6,969 | 9,610 | 19,329 | 5,130 | 106,470 | 5,292 | -3,037 | -45,446 | 287,840 | 248,656 | 243,920 | 435,228 | 125,699 | 185,367 | 153,329 | 147,825 | ||
| -32,606 | 25,479 | 16,699 | 4,383 | 6,750 | 15,274 | 5,856 | 111,178 | 55,193 | 60,439 | 167,561 | 215,772 | 192,681 | 212,380 | 307,116 | 161,849 | 126,286 | 109,434 | 102,562 | ||
| 450,000 | 0 | 0 | 6,419 | 0 | 7,338 | 1,739 | 0 | 1,175 | 181,815 | 537,596 | 11,877 | 180,159 | 285,353 | 18,922 | 11,091 | 54,271 | 7,066 | 21,119 | ||
| -50,801 | 377 | 8,673 | -9,282 | 23,565 | 77,807 | -68,517 | 106,281 | -4,120 | -215,819 | -100,987 | 91,373 | 3,188 | -115,407 | 262,128 | -15,518 | 9,689 | 48,590 | - | ||
| 165,925 | 653,682 | 985,389 | 995,123 | 1.0m | 1.0m | 1.1m | 1.1m | 1.0m | 1.0m | 1.1m | 402,665 | 313,826 | 313,600 | 425,680 | 167,260 | 69,375 | 47,220 | -8,697 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 51.2% | 62.5% | 63.2% | 61.3% | ||
| 81.5% | 80.7% | 93.5% | 92.0% | 91.1% | 89.9% | 88.5% | 75.9% | 72.8% | 70.0% | 69.4% | 90.7% | 91.5% | 89.6% | 84.0% | 77.9% | 68.9% | 60.6% | 52.5% | ||
| 33.21 | 25.35 | 31.50 | 32.39 | 40.93 | 42.30 | 37.18 | 4.28 | 4.54 | 4.07 | 3.74 | 8.46 | 13.60 | 12.23 | 6.30 | 3.44 | 1.83 | 1.50 | 0.91 | ||
| 0.23 | 0.24 | 0.07 | 0.09 | 0.10 | 0.11 | 0.13 | 0.32 | 0.37 | 0.43 | 0.44 | 0.10 | 0.09 | 0.12 | 0.19 | 0.28 | 0.45 | 0.65 | 0.90 | ||
| -6.4% | 0.4% | -0.3% | -1.8% | -1.6% | -1.0% | -1.6% | 4.5% | 1.3% | 1.2% | 7.1% | 11.7% | 10.1% | 14.5% | 26.8% | 17.7% | 15.9% | 17.0% | 18.5% | ||
| -5.2% | 0.3% | -0.3% | -1.6% | -1.4% | -0.9% | -1.4% | 3.4% | 1.0% | 0.9% | 5.0% | 10.6% | 9.2% | 13.0% | 22.5% | 13.8% | 10.9% | 10.3% | 9.7% | ||
| -25.11 | 6.11 | 9.08 | 2.70 | 3.36 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 days | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15 days | 17 days | 16 days | 15 days |
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.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €450,000 | - | - | €6,419 | - |
| €28,417 | €21,372 | €21,767 | €30,956 | €30,914 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TEJO
The operating result for 2025 is a loss of €59,779, larger than the loss of €11,249 in 2024. It is the lowest result since 2015.
Debt's share of the balance-sheet total falls from 19.3% to 18.5%. Equity and debt are lower.