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TESTAS

Active
Public limited companyfounded 197352 yrs activeJacobsveldweg 12, 2160 Wommelgem, BelgiumKBO/BCE: BE 0413.723.905
Summary

TESTAS has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.9m and a net result of €1.9m. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability59▼-7
Solvency84▼-1
Growth52▼-18
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,900,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.25 in 2024; short-term debt: 38.1% and cash: 1.5% of total assets), and 40.7% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 52 years 0 60 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.3%
Return on assets
4.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
30 d early
2023
29 d early
2022
49 d early
2021
19 d early
2020
31 d late
2019
73 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 October 1973, TESTAS was incorporated.1 Of the 4 current board members, Ann Heirstrate has served longest, since 2012.2 Revenue went from EUR 88 million in 2018 to EUR 128 million in 2025 and headcount from 63.6 to 79 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-09-2022
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€128.2m=
2024 · €128.2m
EBIT margin
1.1%▼ 2.1pp
2024 · 3.2%
Net result
€1.9m▼ 54.5%
2024 · €4.1m
Working capital
€20.7m▲ 1.7%
2024 · €20.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€115.3m▲ 55.4%€143.1m▲ 24.2%€127.4m▼ 11.0%€128.2m▲ 0.6%€128.2m=
Operating result€20.4m▲ 482%€8.6m▼ 57.6%-€2.7m€4.1m€1.4m▼ 65.3%
Net result€16.0mabove the sector's middle half▲ 381%€7.3mabove the sector's middle half▼ 54.5%-€1.9mbelow the sector's middle half€4.1mabove the sector's middle half€1.9mabove the sector's middle half▼ 54.5%
EBIT margin17.7%▲ 13.0pp6.0%▼ 11.7pp-2.1%▼ 8.2pp3.2%▲ 5.4pp1.1%▼ 2.1pp
Equity€22.4mabove the sector's middle half▲ 67.5%€26.8mabove the sector's middle half▲ 19.4%€24.8mabove the sector's middle half▼ 7.2%€26.9mabove the sector's middle half▲ 8.1%€26.9mabove the sector's middle half▲ 0.3%
Total assets€50.7mabove the sector's middle half▲ 58.3%€53.6mabove the sector's middle half▲ 5.8%€42.0mabove the sector's middle half▼ 21.7%€44.4mabove the sector's middle half▲ 5.9%€45.4mabove the sector's middle half▲ 2.3%
Debt€28.2m▲ 51.7%€26.8m▼ 4.9%€17.1m▼ 36.2%€17.6m▲ 2.7%€18.5m▲ 5.2%
Working capital€18.9m▲ 86.0%€22.5m▲ 19.3%€19.6m▼ 12.9%€20.4m▲ 3.9%€20.7m▲ 1.7%
Solvency44.3%within the sector's middle half▲ 2.4pp50.0%within the sector's middle half▲ 5.7pp59.2%within the sector's middle half▲ 9.3pp60.4%within the sector's middle half▲ 1.2pp59.3%within the sector's middle half▼ 1.2pp
Staff (FTE)75.2above the sector's middle half▲ 4.9%79.1above the sector's middle half▲ 5.2%75.7above the sector's middle half▼ 4.3%78above the sector's middle half▲ 3.0%79above the sector's middle half▲ 1.3%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10.0m€0€10.0m€20.0mOperating result 2021: €20.4m€20.4mNet result 2021: €16.0m€16.0mOperating result 2022: €8.6m€8.6mNet result 2022: €7.3m€7.3mOperating result 2023: -€2.7m-€2.7mNet result 2023: -€1.9m-€1.9mOperating result 2024: €4.1m€4.1mNet result 2024: €4.1m€4.1mOperating result 2025: €1.4m€1.4mNet result 2025: €1.9m€1.9m20212022202320242025-€4m-€2m€0€2m€4mOperating result 2023: -€2.7m-€2.7mNet result 2023: -€1.9m-€1.9mOperating result 2024: €4.1m€4.1mNet result 2024: €4.1m€4.1mOperating result 2025: €1.4m€1.4mNet result 2025: €1.9m€1.9m202320242025
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45.4m
Fixed assets €7.4m ▼ 4.4%
Current assets €38.1m ▲ 3.7%
Equity and liabilities €45.4m
Equity €26.9m ▲ 0.3%
Debt €18.5m ▲ 5.2%
Debt's share of the balance-sheet total rises from 39.6% to 40.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.5m▼
2024 · €5.1m
Cash flow
€2.9m▼
2024 · €5.1m
Current ratio
2.20▼
2024 · 2.25
Quick ratio
1.01▼
2024 · 1.02
Debt to equity
0.69▲
2024 · 0.65
ROE
7.0%▼
2024 · 15.4%
ROA
4.1%▼
2024 · 9.3%
Interest coverage
9.45▼
2024 · 14.27
Debt ≤ 1 year
€17.3m▲
2024 · €16.3m
Debt > 1 year
€997,253▼
2024 · €1.2m
Income taxes
€717,861▼
2024 · €954,714
Staff costs
€6.2m▲
2024 · €5.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€44.4m€45.4m▲
Fixed assets21/28€7.7m€7.4m▼
Tangible fixed assets22/27€5.9m€5.6m▼
Plant, machinery and equipment23€3.6m€3.2m▼
Furniture and vehicles24€856,872€723,119▼
Leasing and similar rights25€1.5m€1.2m▼
Assets under construction and advance payments27€5,560€388,400▲
Financial fixed assets28€1.8m€1.8m=
Affiliated companies280/1€1.8m€1.8m=
Participating interests280€1.8m€1.8m=
Current assets29/58€36.7m€38.1m▲
Stocks and contracts in progress3€20.0m€20.5m▲
Stocks30/36€20.0m€20.5m▲
Goods purchased for resale34€20.0m€20.5m▲
Amounts receivable within one year40/41€16.6m€16.7m▲
Trade receivables40€15.7m€16.3m▲
Other amounts receivable41€844,808€453,008▼
Cash at bank and in hand54/58€6,712€695,359▲
Deferred charges and accrued income490/1€120,965€141,380▲
Equity and liabilities
Total equity and liabilities10/49€44.4m€45.4m▲
Equity10/15€26.9m€26.9m▲
Contributions10/11€1.8m€1.8m=
Capital10€1.8m€1.8m=
Issued capital100€1.8m€1.8m=
Reserves13€209,910€209,910=
Non-distributable reserves130/1€209,910€209,910=
Legal reserve130€209,910€209,910=
Profit (loss) carried forward14€24.9m€24.9m▲
Amounts payable17/49€17.6m€18.5m▲
Amounts payable after more than one year17€1.2m€997,253▼
Financial debts170/4€1.2m€997,253▼
Leasing and similar obligations172€1.2m€997,253▼
Amounts payable within one year42/48€16.3m€17.3m▲
Current portion of amounts payable after more than one year42€196,060€198,624▲
Trade debts44€7.0m€8.9m▲
Suppliers440/4€7.0m€8.9m▲
Taxes, remuneration and social security45€1.8m€1.7m▼
Taxes450/3€1.0m€1.0m▼
Remuneration and social security454/9€708,332€677,846▼
Other amounts payable47/48€7.4m€6.6m▼
Accrued charges and deferred income492/3€42,505€170,197▲
Income statement Code20242025
Operating income70/76A€131.8m€132.7m▲
Turnover70€128.2m€128.2m=
Other operating income74€3.6m€4.4m▲
Operating charges60/66A€127.7m€131.3m▲
Goods for resale, raw materials and consumables60€112.7m€114.8m▲
Purchases600/8€114.1m€115.3m▲
Change in stocks: decrease (increase)609-€1.3m-€484,344▲
Services and other goods61€8.1m€9.1m▲
Remuneration, social security and pensions62€5.9m€6.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917,814€1.1m▲
Other operating charges640/8€89,939€83,707▼
Operating profit (loss)9901€4.1m€1.4m▼
Financial income75/76B€1.4m€1.5m▲
Recurring financial income75€1.4m€1.5m▲
Income from current assets751€169,597€168,867▼
Other financial income752/9€1.2m€1.3m▲
Financial charges65/66B€391,804€304,969▼
Recurring financial charges65€391,804€304,969▼
Debt charges650€353,903€264,695▼
Other financial charges652/9€37,902€40,274▲
Profit (loss) for the period before taxes9903€5.1m€2.6m▼
Income taxes67/77€954,714€717,861▼
Taxes670/3€954,714€717,861▼
Profit (loss) for the period9904€4.1m€1.9m▼
Profit (loss) for the period to be appropriated9905€4.1m€1.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€27.0m€26.7m▼
Profit (loss) brought forward from the previous period14P€22.8m€24.9m▲
Profit to be distributed694/7€2.1m€1.8m▼
Return on contributions (dividend)694€2.0m€1.7m▼
Employees696€87,294€52,833▼
Social balance
Average headcount (FTE)908778.079.0▲

The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€117.1m€145.6m€130.4m€131.8m€132.7m▲ 0.6%
Turnover70€115.3m€143.1m€127.4m€128.2m€128.2m=
Other operating income74€1.8m€2.4m€3.0m€3.6m€4.4m▲ 23.4%
Operating charges60/66A€96.6m€136.9m€133.2m€127.7m€131.3m▲ 2.8%
Goods for resale, raw materials and consumables60€84.5m€123.0m€118.3m€112.7m€114.8m▲ 1.8%
Purchases600/8€95.0m€124.6m€114.6m€114.1m€115.3m▲ 1.0%
Change in stocks: decrease (increase)609-€10.5m-€1.6m€3.7m-€1.3m-€484,344▲ 64.0%
Services and other goods61€6.4m€7.5m€8.4m€8.1m€9.1m▲ 13.6%
Remuneration, social security and pensions62€5.2m€5.6m€5.5m€5.9m€6.2m▲ 4.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€452,936€716,388€782,646€917,814€1.1m▲ 16.1%
Other operating charges640/8€66,469€65,256€78,794€89,939€83,707▼ 6.9%
Operating profit (loss)9901€20.4m€8.6m-€2.7m€4.1m€1.4m▼ 65.3%
Financial income75/76B€1.4m€1.3m€1.4m€1.4m€1.5m▲ 8.8%
Recurring financial income75€1.4m€1.3m€1.4m€1.4m€1.5m▲ 8.8%
Income from current assets751€234,873€248,452€192,729€169,597€168,867▼ 0.4%
Other financial income752/9€1.2m€1.1m€1.2m€1.2m€1.3m▲ 10.2%
Financial charges65/66B€170,288€219,439€470,538€391,804€304,969▼ 22.2%
Recurring financial charges65€170,288€219,439€470,538€391,804€304,969▼ 22.2%
Debt charges650€108,718€153,859€437,044€353,903€264,695▼ 25.2%
Other financial charges652/9€61,569€65,580€33,494€37,902€40,274▲ 6.3%
Profit (loss) for the period before taxes9903€21.7m€9.7m-€1.8m€5.1m€2.6m▼ 48.9%
Income taxes67/77€5.7m€2.5m€130,338€954,714€717,861▼ 24.8%
Taxes670/3€5.7m€2.5m€130,338€954,714€717,861▼ 24.8%
Profit (loss) for the period9904€16.0m€7.3m-€1.9m€4.1m€1.9m▼ 54.5%
Profit (loss) for the period to be appropriated9905€16.0m€7.3m-€1.9m€4.1m€1.9m▼ 54.5%
Line20212022202320242025Change
Assets
Total assets20/58€50.7m€53.6m€42.0m€44.4m€45.4m▲ 2.3%
Fixed assets21/28€6.0m€6.2m€6.7m€7.7m€7.4m▼ 4.4%
Tangible fixed assets22/27€4.2m€4.4m€4.9m€5.9m€5.6m▼ 5.7%
Plant, machinery and equipment23€1.5m€1.8m€2.0m€3.6m€3.2m▼ 10.4%
Furniture and vehicles24€399,796€392,202€357,792€856,872€723,119▼ 15.6%
Leasing and similar rights25€2.1m€1.9m€1.7m€1.5m€1.2m▼ 14.6%
Assets under construction and advance payments27€220,372€369,995€814,166€5,560€388,400▲ 6,886%
Financial fixed assets28€1.8m€1.8m€1.8m€1.8m€1.8m=
Affiliated companies280/1€1.8m€1.8m€1.8m€1.8m€1.8m=
Participating interests280€1.8m€1.8m€1.8m€1.8m€1.8m=
Current assets29/58€44.7m€47.4m€35.3m€36.7m€38.1m▲ 3.7%
Stocks and contracts in progress3€20.8m€22.4m€18.7m€20.0m€20.5m▲ 2.4%
Stocks30/36€20.8m€22.4m€18.7m€20.0m€20.5m▲ 2.4%
Goods purchased for resale34€20.8m€22.4m€18.7m€20.0m€20.5m▲ 2.4%
Amounts receivable within one year40/41€23.2m€24.0m€16.5m€16.6m€16.7m▲ 0.9%
Trade receivables40€19.2m€18.2m€15.5m€15.7m€16.3m▲ 3.4%
Other amounts receivable41€4.0m€5.8m€953,369€844,808€453,008▼ 46.4%
Other investments51/53€0-----
Cash at bank and in hand54/58€502,436€805,191€19,191€6,712€695,359▲ 10,260%
Deferred charges and accrued income490/1€114,066€141,795€92,299€120,965€141,380▲ 16.9%
Equity and liabilities
Total equity and liabilities10/49€50.7m€53.6m€42.0m€44.4m€45.4m▲ 2.3%
Equity10/15€22.4m€26.8m€24.8m€26.9m€26.9m▲ 0.3%
Contributions10/11€1.8m€1.8m€1.8m€1.8m€1.8m=
Capital10€1.8m€1.8m€1.8m€1.8m€1.8m=
Issued capital100€1.8m€1.8m€1.8m€1.8m€1.8m=
Reserves13€209,910€209,910€209,910€209,910€209,910=
Non-distributable reserves130/1€209,910€209,910€209,910€209,910€209,910=
Legal reserve130€209,910€209,910€209,910€209,910€209,910=
Profit (loss) carried forward14€20.4m€24.8m€22.8m€24.9m€24.9m▲ 0.3%
Amounts payable17/49€28.2m€26.8m€17.1m€17.6m€18.5m▲ 5.2%
Amounts payable after more than one year17€1.8m€1.6m€1.4m€1.2m€997,253▼ 16.6%
Financial debts170/4€1.8m€1.6m€1.4m€1.2m€997,253▼ 16.6%
Leasing and similar obligations172€1.8m€1.6m€1.4m€1.2m€997,253▼ 16.6%
Amounts payable within one year42/48€25.8m€24.8m€15.6m€16.3m€17.3m▲ 6.1%
Current portion of amounts payable after more than one year42€188,565€191,031€193,529€196,060€198,624▲ 1.3%
Trade debts44€9.0m€9.5m€7.9m€7.0m€8.9m▲ 26.7%
Suppliers440/4€9.0m€9.5m€7.9m€7.0m€8.9m▲ 26.7%
Taxes, remuneration and social security45€5.7m€5.3m€1.6m€1.8m€1.7m▼ 4.2%
Taxes450/3€5.1m€4.6m€1.0m€1.0m€1.0m▼ 4.1%
Remuneration and social security454/9€607,765€639,928€553,048€708,332€677,846▼ 4.3%
Other amounts payable47/48€10.9m€9.9m€5.9m€7.4m€6.6m▼ 10.9%
Accrued charges and deferred income492/3€674,284€404,392€84,222€42,505€170,197▲ 300%
Line20212022202320242025Change
Profit (loss) for the period9904€16.0m€7.3m-€1.9m€4.1m€1.9m▼ 54.5%
+ Depreciation and write-downs630€452,936€716,388€782,646€917,814€1.1m▲ 16.1%
Operating cash flow (approximation)€16.4m€8.0m-€1.2m€5.1m€2.9m▼ 41.7%
Investment in fixed assets (approximation)--€964,783-€1.2m-€1.9m-€727,473▲ 62.4%
Change in cash-€302,755-€786,000-€12,479€688,647▲ 5,618%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-09
State Gazette act Resignation: Ives Verheyden (director)
Permanent representative: Serge Timmermans · Appointment: SERTAC BV (managing director) · Power of attorney13 facts ▸
  • Director resignation, Ives Verheyden (director)
  • Board composition, Ann Heirstrate (director)
  • Board composition, Franciscus Peters (director)
  • Board composition, SERTAC BV (director)
  • Permanent representative, Serge Timmermans (permanent representative)
  • Power of attorney, Pieter Van den Broeck
  • Power of attorney, Eveline Parisis
  • Power of attorney, Maud Michiels
  • Director resignation, Ives Verheyden (managing director)
  • Director appointment, SERTAC BV (managing director)
  • Power of attorney, Pieter Van den Broeck
  • Power of attorney, Eveline Parisis
  • +1 further facts in this act
03-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
19-12
State Gazette act Reappointments: PwC Bedrijfsrevisoren bv (statutory auditor) and Ives Verheyden (director)
Permanent representative: Bart Van Gompel · Mandate compensation5 facts ▸
  • General meeting, 18-09-2025
  • Auditor reappointment, PwC Bedrijfsrevisoren bv (statutory auditor)
  • Permanent representative, Bart Van Gompel
  • Director reappointment, Ives Verheyden (director)
  • Mandate compensation, Ives Verheyden
01-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €4.1m
Net result €4.1m after one loss-making year.
31-12
Financial Equity above €25mEq €26.9m ▲8.1%
Equity rises from €24.8m to €26.9m.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
17-04
State Gazette act Appointment: SERTAC BV (director)
Permanent representative: Serge Timmermans · Mandate compensation8 facts ▸
  • General meeting, 28-02-2024
  • Director appointment, SERTAC BV (director)
  • Permanent representative, Serge Timmermans
  • Mandate compensation, SERTAC BV
  • Board composition, Ann Heirstrate (director)
  • Board composition, Franciscus Peters (director)
  • Board composition, Ives Verheyden (director)
  • Board composition, SERTAC BV (director)
2023
31-12
Financial Weakest financial yearnet -€1.9m
Net result drops to -€1.9m, the lowest in the series; recovery starts the following year.
24-07
State Gazette act Statutes amendment
2 facts ▸
  • General meeting, 10-07-2023
  • Statutes amendment
30-06
State Gazette act Resignation: Maxence Le Grelle (director)
Power of attorney6 facts ▸
  • General meeting, 08-05-2023
  • Director resignation, Maxence Le Grelle (director)
  • Board composition, Ann Heirstrate (director)
  • Board composition, Franciscus Peters (director)
  • Board composition, Ives Verheyden (director)
  • Power of attorney, Monard Law BV
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
Financial Equity above €25mEq €26.8m ▲19.4%
5 profitable years in a row build equity to €26.8m.
22-09
State Gazette act Reappointments: PwC Bedrijfsrevisoren bv (statutory auditor) and Ann Heirstrate (director)
Permanent representative: Bart Van Gompel · Mandate compensation9 facts ▸
  • General meeting
  • Auditor reappointment, PwC Bedrijfsrevisoren bv
  • Permanent representative, Bart Van Gompel
  • Director reappointment, Ann Heirstrate (director)
  • Mandate compensation, Ann Heirstrate
  • Board composition, Ann Heirstrate (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ives Verheyden (director)
  • Board composition, Frank Peters (director)
12-07
State Gazette act Appointment: Frank Peters (director)
Mandate compensation · Power of attorney13 facts ▸
  • General meeting, 14-04-2022
  • Director appointment, Frank Peters (director)
  • Mandate compensation, Frank Peters
  • Board composition, Arn Heirstrate (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ives Verheyden (director)
  • Board composition, Frank Peters (director)
  • Power of attorney, Monard Law CVBA
  • Board meeting
  • Director appointment, Frank Peters (managing director)
  • Board composition, Ives Verheyden (managing director)
  • Board composition, Frank Peters (managing director)
  • +1 further facts in this act
12-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Highest result since 2018net €16.0m ▲381%
Operating result €20.4m, net result €16.0m, both a record.
28-09
State Gazette act Resignation: Emanuel (Emiel) van Boxtel (director)
Appointment: Ives Verheyden (managing director) · Share concentration9 facts ▸
  • General meeting, 06-09-2021
  • Director resignation, Emanuel (Emiel) van Boxtel (director)
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ann Heirstrate (director)
  • Board meeting, 13-09-2021
  • Director resignation, Emanuel (Emiel) van Boxtel (managing director)
  • Director appointment, Ives Verheyden (managing director)
  • Share concentration, alle aandelen verenigd in één hand, 11261
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
14-07
State Gazette act Statutes amendment
Capital4 facts ▸
  • General meeting, 25-06-2021
  • Statutes amendment
  • Statutes amendment
  • Capital, €1.784.833,38
19-01
State Gazette act Reappointment: Maxence Le Grelle (director)
Permanent representative: Bart Van Gompel · Mandate compensation8 facts ▸
  • General meeting, 20-09-2020
  • Director reappointment, Maxence Le Grelle (director)
  • Mandate compensation, Maxence Le Grelle
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ann Heirstrate (director)
  • Board composition, Emanuel (Emiel) van Boxtel (director)
  • Permanent representative, Bart Van Gompel
2020
19-10
State Gazette act Appointment: Bart Van Gompel (commissarisvertegenwoordiger)
Resignation: T. Scheyvaerts (commissarisvertegenwoordiger)2 facts ▸
  • Director appointment, Bart Van Gompel (commissarisvertegenwoordiger)
  • Director resignation, T. Scheyvaerts (commissarisvertegenwoordiger)
12-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 73 days late
15-04
State Gazette act Appointment: Emanuel (Emiel) van Boxtel (managing director)
Mandate compensation · Mandate condition · Filing representative condition7 facts ▸
  • Board meeting, 03-03-2020
  • Director appointment, Emanuel (Emiel) van Boxtel (managing director)
  • Mandate compensation, Emanuel (Emiel) van Boxtel
  • Board composition, Ives Verheyden (managing director)
  • Board composition, Emanuel (Emiel) van Boxtel (managing director)
  • Mandate condition, kan te allen tijde worden beëindigd zonder opzegtermijn of opzegvergoeding
  • Filing representative condition, met de mogelijkheid tot indeplaatsstelling door enige advocaat van het kantoor
02-01
State Gazette act Reappointments: PwC Bedrijfsrevisoren (statutory auditor) and Ives Verheyden (director)
Permanent representative: Thomas Scheyvaerts · Appointment: Ives Verheyden (managing director) · Mandate compensation9 facts ▸
  • Auditor reappointment, PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Thomas Scheyvaerts
  • Director reappointment, Ives Verheyden (director)
  • Director appointment, Ives Verheyden (managing director)
  • Mandate compensation, Ives Verheyden
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxerce Le Grelle (director)
  • Board composition, Ann Heirstrate (director)
  • Board composition, Emanuel (Emiel) van Boxtel (director)
2019
05-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 18-05-2018
22-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
State Gazette act Reappointments: PwC Bedrijfsrevisoren (statutory auditor) and Ann Heirstraete (director)
Permanent representative: Thomas Scheyvaerts8 facts ▸
  • General meeting, 06-06-2016
  • Auditor reappointment, PwC Bedrijfsrevisoren
  • Permanent representative, Thomas Scheyvaerts
  • Director reappointment, Ann Heirstraete (director)
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ann Heirstraete (director)
  • Board composition, Emanuel (Emiel) van Boxtel (director)
2015
20-07
State Gazette act Resignation: Gerrit (Gert) Dekker (director)
Appointment: Emanuel (Emiel) van Boxtel (director) · Mandate compensation8 facts ▸
  • General meeting, 18-06-2015
  • Director resignation, Gerrit (Gert) Dekker (director)
  • Director appointment, Emanuel (Emiel) van Boxtel (director)
  • Mandate compensation, Emanuel (Emiel) van Boxtel
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Anni Heirstrate (director)
  • Board composition, Emanuel (Emiel) van Boxtel (director)
24-06
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 28-05-2015
19-02
State Gazette act Reappointment: Maxence LEGRELLE (director)
2 facts ▸
  • General meeting, 03-06-2014
  • Director reappointment, Maxence LEGRELLE (director)
2014
21-05
State Gazette act Statutes amendment
Capital3 facts ▸
  • General meeting, 23-04-2014
  • Capital, €1.784.833,38
  • Statutes amendment
2013
27-11
State Gazette act Reappointments: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor) and Ives VERHEYDEN (director)
Mandate compensation · Power of attorney7 facts ▸
  • General meeting, 06-11-2013
  • Auditor reappointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Director reappointment, Ives VERHEYDEN (director)
  • Director reappointment, Ives VERHEYDEN (managing director)
  • Mandate compensation, Ives VERHEYDEN
  • Power of attorney, Pieter Van den Broeck
  • Power of attorney, Jana Geurts
25-09
State Gazette act Miscellaneous
Power of attorney3 facts ▸
  • General meeting, 28-08-2013
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
2012
16-07
State Gazette act Resignations: Patrick Nijs (director) and Johannes van Zeeland (director)
Appointment: Gert Dekker (director) · Reappointment: Ann Heirstrate (director) · Mandate compensation14 facts ▸
  • General meeting, 12-06-2012
  • Director resignation, Patrick Nijs (director)
  • Director resignation, Johannes van Zeeland (director)
  • Director appointment, Gert Dekker (director)
  • Mandate compensation, Gert Dekker
  • Director reappointment, Ann Heirstrate (director)
  • Mandate compensation, Ann Heirstrate
  • Board composition, Ives Verheyden (director)
  • Board composition, Maxence Le Grelle (director)
  • Board composition, Ann Heirstrate (director)
  • Board composition, Gert Dekker (director)
  • Board meeting, 12-06-2012
  • +2 further facts in this act
2011
09-02
State Gazette act Capital & shares · Statutes amendment
General meeting1 fact ▸
  • General meeting, 26-01-2011
2010
30-12
State Gazette act Resignation: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
Appointment: BCVBA PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor) · Permanent representative: T. Scheyvaerts4 facts ▸
  • General meeting, 02-09-2010
  • Director resignation, Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
  • Director appointment, BCVBA PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, T. Scheyvaerts
01-12
State Gazette act Resignation: Johannes Aarts (director)
Director discharge3 facts ▸
  • General meeting, 01-08-2010
  • Director resignation, Johannes Aarts (director)
  • Director discharge, Johannes Aarts
13-04
State Gazette act Resignation: Raymond Robeers (director)
Power of attorney4 facts ▸
  • General meeting, 22-02-2010
  • Director resignation, Raymond Robeers (director)
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
2007
12-02
State Gazette act Appointment: PriceWaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
2 facts ▸
  • General meeting, 30-06-2006
  • Auditor appointment, PriceWaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
2005
02-08
State Gazette act Reappointments: Karel D'HAESE, Hugo CUYVERS and Jozef MOONS
Mandate compensation10 facts ▸
  • General meeting, 04-06-2002
  • Board meeting, 13-07-2005
  • General meeting, 21-06-2005
  • Director reappointment, Karel D'HAESE (director)
  • Director reappointment, Karel D'HAESE (afgevaardigde bestuurder)
  • Mandate compensation, Karel D'HAESE
  • Director reappointment, Hugo CUYVERS (director)
  • Mandate compensation, Hugo CUYVERS
  • Director reappointment, Jozef MOONS (director)
  • Mandate compensation, Jozef MOONS
13-06
State Gazette act Reappointment: KAREL D'HAESE (managing director)
Mandate compensation3 facts ▸
  • General meeting, 04-06-2002
  • Director reappointment, KAREL D'HAESE (managing director)
  • Mandate compensation, KAREL D'HAESE
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
29 of 29 acts read

Directors · office · real estate

Directors
3 directors, 2 in day-to-day management, no change since 2026

Board 3

Ann Heirstrate
Director · since 30-06-2012
Current
Frank Peters
Director · since 01-03-2022
Current
SERTAC
Director · since 01-03-2024 · Private limited company · perm. rep.: Serge Timmermans
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Hugo CUYVERS
Director · since 04-06-2002
Not recently confirmed
KAREL D'HAESE
Director · since 04-06-2002
Not recently confirmed
Jozef MOONS
Director · since 21-06-2005
Not recently confirmed
Maxence LEGRELLE
Director · since 03-06-2014
Not recently confirmed
Ann Heirstraete
Director · since 07-06-2016
Not recently confirmed

Day-to-day management 2

Frank Peters
Managing director · since 01-03-2022
Current
SERTAC
Managing director · since 30-06-2026 · Private limited company · perm. rep.: Serge Timmermans
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
KAREL D'HAESE
Afgevaardigde bestuurder · since 04-06-2002
Not recently confirmed

Permanent representatives 1

Serge Timmermans
Permanent representative · since 01-03-2024 · for SERTAC
Current

Statutory auditor 1

BV PwC Bedrijfsrevisoren
Statutory auditor · since 30-06-2006 · perm. rep.: Bart Van Gompel
Current

Other functions 1

Bart Van Gompel
Commissarisvertegenwoordiger · since 01-01-2020
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wommelgem · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
3.0 ha
Building footprint
2.3 ha
Volume, LiDAR
136,778 m³
Parcel 11052B0155/00L000, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
TESTAS NV
Jacobsveldweg 12, 2160 WommelgemNACE 51520
since 19922.008.993.427
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11052B0155/00L000 Flanders 3.0 ha 1 · 2.3 ha 15.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

20 people since 2002, 10 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ann Heirstrate
  • Director, already before 30-06-2012 to date
Frank Peters
  • Director, from 01-03-2022 to date
  • Managing director, from 01-03-2022 to date
SERTAC
  • Director, from 01-03-2024 to date
  • Managing director, from 30-06-2026 to date
BV PwC Bedrijfsrevisoren
  • Statutory auditor, from 30-06-2006 to date
Bart Van Gompel
  • Commissarisvertegenwoordiger, from 01-01-2020 to date
Hugo CUYVERS
  • Director, already before 04-06-2002 not ended, last confirmed 02-08-2005
KAREL D'HAESE
  • Director, already before 04-06-2002 not ended, last confirmed 02-08-2005
  • Afgevaardigde bestuurder, already before 04-06-2002 not ended, last confirmed 02-08-2005
Jozef MOONS
  • Director, already before 21-06-2005 not ended, last confirmed 02-08-2005
Maxence LEGRELLE
  • Director, already before 03-06-2014 not ended, last confirmed 19-02-2015
Ann Heirstraete
  • Director, already before 07-06-2016 not ended, last confirmed 22-06-2016
Ives Verheyden
  • Director, already before 06-11-2013 to 16-07-2026
  • Managing director, already before 06-11-2013 to 16-07-2026
Maxence Le Grelle
  • Director, already before 01-06-2020 to 01-06-2023
Emanuel (Emiel) van Boxtel
  • Director, from 01-07-2015 to 01-07-2021
  • Managing director, from 03-03-2020 to 01-07-2021
T. Scheyvaerts
  • Commissarisvertegenwoordiger, until 31-12-2019
Gerrit (Gert) Dekker
  • Director, from 08-05-2012 to 01-07-2015
  • Chair of the board, from 12-06-2012 ended, last mentioned 16-07-2012
Johannes van Zeeland
  • Director, until 08-05-2012
Patrick Nijs
  • Director, until 04-04-2012
Deloitte bedrijfsrevisoren CVBA
  • Statutory auditor, until 02-09-2010
Johannes Aarts
  • Director, until 01-08-2010
Raymond Robeers
  • Director, until 22-02-2010
See the board, name and seat on a given date →

Articles of association

Purpose
Het vervaardigen, de aankoop, de verkoop, de verandering, de behandeling, de consignatie, de im- en export, de vertegenwoordiging, onder alle vormen, van alle producten…
Full purpose

Het vervaardigen, de aankoop, de verkoop, de verandering, de behandeling, de consignatie, de im- en export, de vertegenwoordiging, onder alle vormen, van alle producten, bijproducten en toebehoren betreffende de industrie in het algemeen, openbare werken en aannemingswerken. De handel in oud ijzer van alle soorten. De aankoop, de verkoop van nieuwe en tweedehandse machines en uitrustingen. De aankoop, de verkoop, het verkrijgen, het toekennen van alle brevetten, merken, vergunningen en behandelingen betreffende hiervoor vermelde producten. De aankoop, het huren, het inrichten, de installatie van alle handelsfondsen, lokalen, werkplaatsen, fabrieken, gebouwen, materieel en roerende voorwerpen die nodig zijn voor de verwezenlijking van het hiervoor bepaalde voorwerp. De directe of indirecte deelname, het nemen van belangen onder alle mogelijke vormen, in alle handelingen, vennootschappen of industrieën die betrekking hebben op de voornoemde doelen of die deze zouden kunnen bevorderen, namelijk hetzij door het oprichten van nieuwe vennootschappen, door inbrengen in geld of in natura in bestaande vennootschappen, door fusies of samenwerking met hen, door deelneming, door inschrijving, aan- en verkoop van alle titels, belangen of deelnemingsrechten, door geldschieting, voorschotten en leningen met of zonder waarborg, of op om het even welke andere wijze. In het algemeen, alle commerciële, industriële, roerende, onroerende en financiële handelingen verrichten welke rechtstreeks of onrechtstreeks in verband staan met de hierboven gedefinieerde doelstellingen.

Structure & network

Part of the group MCB International B.V. 4 companies Group, risk and exposure

Owners and holdings

3 owners · 1 holding

Chain of control

  1. MCB InternationalNL 99.99%
  2. TS-TEAM 99.9%
  3. TESTAS

Highest known parent: MCB International (Netherlands). The sources do not say who stands above it.

Owners 3

Holdings 1

According to the 2025 annual accounts of TESTAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Metal Transport & Service
Shared corporate director
→
SAEY
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 14-07-2021 Capital stated in 2 acts · 1,784,833.38 EUR · 11,261 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 5,458 EUR awarded · 5,669 EUR paid
Year Entries awardedpaid
2025 1 1,000 EUR1,000 EUR
2024 1 1,000 EUR1,000 EUR
2023 1 691 EUR941 EUR
2022 2 2,767 EUR2,728 EUR
Schemes
2 entries · 2,958 EUR · 3,169 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 2,000 EUR · 2,000 EUR paid · Departement Werk en Sociale Economie
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Dual-learning approval

5 live approvals · 5 ended
Logistiek assistent magazijn (vwo)
Goedgekeurd · 2023 to 2028
Logistiek assistent magazijn duaal (so)
Goedgekeurd · 2023 to 2028
Logistiek duaal (so)
Goedgekeurd · 2024 to 2029
Magazijnmedewerker (vwo)
Goedgekeurd · 2023 to 2028
Magazijnmedewerker duaal (so)
Goedgekeurd · 2023 to 2028
Show 5 ended approvals
Magazijnmedewerker (so)
discontinued · 2023 to 2025
Logistiek duaal (so)
ended · 2018 to 2023
Magazijnmedewerker (so)
ended · 2018 to 2023
Magazijnmedewerker (vwo)
ended · 2018 to 2023
Magazijnmedewerker duaal (so)
ended · 2018 to 2023

Legal Entity Identifier

52990028MG60GL34AC47
live in the LEI register

Similar companies · same sector, comparable size

Of 734 companies in sector 46820 we hold annual accounts for 388. 130 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
Founded29-10-1973
Fiscal year end31-12
Activities, NACEBEL 2025
46820Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0413723905
Also 9925:BE0413723905
Registered 31-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.