Equity
€6.6m ▲ 12.2%
TERCOFIN paid out €250,000 in dividends. That is 26% of the 2026 profit.
TERCOFIN
Lifetime
9 annual accounts with figures on one time axispeak €134,835 (2021)
-not published
lowest -€200,547 (2020)
€961,231▼ 15.6%
peak €6.6m (2026)
€6.6m▲ 12.2%
€822,781▼ 35.7%
Board11 names since 2018
2 directorsVincent Brassinne and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
24-09-2026129 days before the deadline
2026financial year
Dividend €250,000Equity from €5.9m to €6.6mDebts from €1.3m to €822,781Cash from €764,420 to €3.3m
Key points
from the 2026 annual accountsPayment terms
322 days to suppliers
TERCOFIN pays its suppliers 318 days later than in 2025.
Filings
9 annual accounts since 2018
The last five annual accounts were filed 99 to 148 days before the end of the period.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 24-09-2026, 129 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
129 days early
2025
99 days early
2024
141 days early
2023
148 days early
2022
117 days early
2021
83 days early
2020
86 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 115 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. The company usually files around 24 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today30-06-2027 year end31-01-2028 deadline
Board and ownership
- NOVANDI 83.75%equity €7.9m (2025) · 2025 annual accounts of NOVANDI
- REGINA B. 10%score 96equity €1.0m (2025) · 30-09-2025 annual accounts of REGINA B.
Shares in 5 companies, including TRANSPORT FLUVIAL DE CONTENEURS and TERCOFIN BARGING
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0664878481
4 directors reappointed
Johan Gemels (managing director), Nicolas Limbioul (managing director), Novandi SRL and Vincent Brassinne · Permanent representative: Philippe Portier · General meeting of 31-08-2022 · Gazette deed
Share cancellation · Amendment of the articles
Cancellation of 3,208 shares · General meeting of 21-12-2021 · Gazette deed
Resignations: Noshaq SA (director) and Noshaq Partner (director)
Director discharge: Noshaq SA · Director discharge: Noshaq Partner · General meeting of 01-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TERCOFIN Liège | - | - | 88.9% | - |
| Ravone Invest and Management Eco-friendly Villers-le-Bouillet | - | - | -13.2% | 2 |
| WEMOB Chaudfontaine | - | - | 5.7% | 0 |
| COLETTE & OSCAR Nazareth-De Pinte | - | - | 64.3% | 0 |
| PJHL Lummen | €336,000 | 15.6% | 95.8% | - |
| INPHAGRO Schelle | €79,500 | - | 39.7% | - |
| ANGELS LANDING Aalter | €212,520 | 8.8% | 92.8% | - |
These companies have the same main activity as TERCOFIN: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €6.2m and €7.4m, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 21-10-2016Normal situation
- Activity
- Activities of holding companiesNACE 64210
- Establishment unit
- 2.257.882.6584031 Liège, since 02-11-2016
- Financial year end
- 30 June
- Peppol
- Reachable since 05-01-2026
Annual accounts to 30-06-2026
- €7.4m▲ 3.6%
- Filing
- Filed on 24-09-2026, 129 days before the end of the filing period
Companies linked to TERCOFIN
Subsidiaries and holdings
Insights on TERCOFIN
Solvency rose in 2026 from 82.1% to 88.9% because of the retained profit and lower debts.
NOVANDI holds 83.75% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TERCOFIN
- What is the company number of TERCOFIN?
- The company number of TERCOFIN is 0664.878.481. The VAT number is the same number with BE in front: BE 0664.878.481.
- Where is TERCOFIN based?
- The registered office is at Rue de Renory 501, 4031 Liège.Company details
- What does TERCOFIN do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of TERCOFIN?
- TERCOFIN is a public limited company (NV).
- When was TERCOFIN founded?
- TERCOFIN was founded on 21-10-2016.
- Is TERCOFIN still active?
- Yes, TERCOFIN is an active enterprise in the KBO register.
- What is the turnover of TERCOFIN?
- The annual accounts for financial year 2026 state no turnover. In financial year 2023 turnover was €71,250.Financials
- Is TERCOFIN profitable?
- In financial year 2026, TERCOFIN made a profit of €961,231.
- Where can I find the annual accounts of TERCOFIN?
- TERCOFIN filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TERCOFIN due?
- TERCOFIN must file the annual accounts for financial year 2027 by 31-01-2028.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.NOVANDI · 13 companies
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