Financials
- Fiscal year
- 2025
- Turnover
- €513.9m
- Loss
- -€120.6m
- Solvency
- 80.8%
Turnover▼ 3.1%
Net result
20182025
Tessenderlo Group
ActiveSummary
Tessenderlo Group has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03bn and a net result of -€120.6m. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Manufacture of chemicals and chemical products
NACE 20130NACE 24130
#1 employer in Elsene, Manufacturing sector4 sites
Size
€513.9mturnover 2025
- Staff
- 707.5 FTE
- Equity
- €2.03bn
- Loss
- -€120.6m
Structure
- Parent
- OOSTIEP GROUP · 71.64%
- Board
- 10 members
- Holdings
- 26
Auditor: KPMG Bedrijfsrevisoren BV/SRL / KPMG Réviseurs d'Entreprises BV/SRLAccounts 70 d early
Why 86- Liquidity: current ratio 1.70, cash €2.4m, halved- Loss of €120.6m (FY 2025)+ Activity since 1975 (contributed into the company of 1972)+ Size: turnover €513.9m, 707.5 FTE, total assets €2.51bn, files consolidated accountsShow the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 20, large)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
100=
equity 80.8% of total assets
Liquidity
49=
short-term debt 11.9% · cash 0.1%
Profitability
8-7
return on assets -4.8%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 0.2%
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%▼ -4.5% vs 01-2026lowest value
03-2026: 0.2%▲ +2.0% vs 02-2026
04-2026: 0.2%▲ +2.0% vs 03-2026
05-2026: 0.2%▲ +5.8% vs 04-2026
06-2026: 0.3%▲ +73.9% vs 05-2026highest value
07-2026: 0.3%● 0.0% vs 06-2026highest value
08-2026: 0.3%● 0.0% vs 07-2026highest value
09-2026: 0.3%● 0.0% vs 08-2026highest value
10-2026: 0.3%● 0.0% vs 09-2026highest value
- Liquidity: current ratio 1.70, cash €2.4m, halved raises the probability
- Activity since 1975 (contributed into the company of 1972) lowers the probability for this profile
- Size: turnover €513.9m, 707.5 FTE, total assets €2.51bn, files consolidated accounts lowers the probability for this profile
- Loss of €120.6m (FY 2025) raises the probability
Credit up to €51,350,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.08 in 2024; short-term debt: 11.9% and cash: 0.1% of total assets), and 19.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 20, large). Better than this share of them on solvency 90%, liquidity 69%, profitability 8%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-05-2026, 70 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
70 d early
2024
59 d early
2023
64 d early
2022
66 d early
2021
75 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
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. Usually files around 26 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignations: Rocco BV (director) and Karel…Appointments: Rocco BV (non-executive director)…
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2025 · consolidated
Key points
- Caution: From profit to loss in 2025after €2.2m in 2024 -€120.6m View
- Caution: Among the weakest 5% on net resultsector median €464,273 · 294 companies -€120.6m View
- Controlled by OOSTIEP GROUPknown shareholders 99.99% 71.64% View
- Board changedlatest change 09-06-2026 · 10 in office 3 joined · 3 left View
- Flemish supportawarded 2022 - 2025 €4.0m View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
- Active since 1972founded 14-03-1972 54 years View
By topic
Board & ownership
- Board
- 10 members
- Parent
- OOSTIEP GROUP · 71.64%
- Known shareholders
- 99.99%
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL /…
Go to Board & ownership
Network & group
- Subsidiaries
- 45
- Holdings
- 26
- Connected companies
- 28
- Mergers and contributions
- 2
45 subsidiaries
Timeline
- Events
- 130
- Since
- 2003
- Next accounts
- by 31-07-2027
- 09-06-2026Resignations: Rocco BV (director) and Karel Vinck…
- 22-05-2026Annual accounts filed
- 22-05-2026Annual accounts filed
Company details
- Sites
- 4
- Legal form
- Public limited company
- Activity
- Manufacture of chemicals and chemical productsNACE 20130
- Founded
- 14-03-1972
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
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