Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 146.1 to 126.
Financials
Financial year 2025
TEFCO Group from Hasselt, company number BE0400953260, closed financial year 2025 with a result of € -129,018 after tax. For that financial year TEFCO Group recorded revenue of € 76.2 million and equity of € 14.5 million. Compared with financial year 2024, the result moved from € -1.3 million to € -129,018. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 14.5 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -129,018
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.5 million
▲ € 2.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.5 million.
People and assets in 2025
126
▼ 15.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.8 million
▼ 10% vs 2024
€ 78,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 198,595
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.6 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 6.9 million
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 1.5 million
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 96,131,106 | € 92,571,122 | € 77,276,021 | € 76,238,064 | ▼ 1% |
| Profit after taxes | € -2,717,565 | € 2,402,108 | € -1,283,837 | € -129,018 | ▲ € 1.2 million |
| Equity | € 15,377,625 | € 15,924,013 | € 14,640,176 | € 14,511,159 | ▼ 1% |
| Total debts | € 20,255,728 | € 19,596,281 | € 14,823,023 | € 16,257,436 | ▲ 10% |
| Cash | € 2,378,846 | € 77,504 | € 68,236 | € 2,494,812 | ▲ € 2.4 million |
| Land & buildings | € 3,904,438 | € 4,085,664 | € 4,091,963 | € 3,879,375 | ▼ 5% |
| Retained profit | € 6,333,541 | € 6,879,929 | € 5,596,093 | € 5,467,075 | ▼ 2% |
| Dividend | € 0 | € 1,855,720 | € 0 | € 0 | |
| Bank debt | € 5,000,000 | € 5,002,935 | € 7,297,477 | € 7,599,457 | ▲ 4% |
| Balance sheet total | € 35,768,820 | € 35,631,598 | € 29,550,690 | € 30,836,073 | ▲ 4% |
| Employees (FTE) | 130.8 | 146.1 | 141.3 | 126 | ▼ 15.3 |
Key figures of TEFCO Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TEFCO Group?
What happened at TEFCO Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ponsardin Industries BV stepped down as director. NBB
- BSMN Management stepped down as director. NBB
- Blumco BV stepped down as director. NBB
- Airlau BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 129,018. Source: NBB ↗
- Laurent Blumberg stepped down as director. NBB
- Ponsardin Industries BV became a director. NBB
- BSMN Management became a director. NBB
In short
From € 2.7 million loss in 2022 to € 129,018 loss in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.4 million profit.
Paid out € 1.9 million in dividends to the owners in total.
Management
The shares are held by Ponsardin Holding BV (100%).
Directors
According to the 2025 annual accounts
Laurent Blumberg
Director
since 2025 · until 2026
Quentin Walckiers
Director
since 2021 · until 2025
since 2026 · until 2032
Richard Juggery
Director
Also active at: SAINT-GOBAIN CONSTRUCTION PRODUCTS BELGIUM, GCP Applied Technologies, SAINT-GOBAIN BENELUX, LOUIS BAERT & CO, SAINT-GOBAIN ADFORS BELGIUM, DE NEEF CONSTRUCTION CHEMICALS, GCP Construction Products, INVERCO BENELUX +3 more
since 2022 · until 2025
Managing director · represented by Benoit Rijobert
since 2026 · until 2032
since 2026 · until 2032
Thibaud Caulier
Director
since 2025 · until 2026
Director · represented by Hervé De Keuleneer
since 2026 · until 2032
Director · represented by Emmanuelle Voisine
Also active at: SAINT-GOBAIN CONSTRUCTION PRODUCTS BELGIUM, SAINT-GOBAIN INNOVATIVE MATERIALS BELGIUM, H.T.M.S.
since 2025 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Schampbergstraat 32
3511 Hasselt
Vaartstraat 166
2520 Ranst
Active since 1 June 1971
Vaartdijk 71
3018 Leuven
Active since 1 April 1964
Brugsesteenweg 43
8450 Bredene
Active since 1 January 1990
Prijkelstraat 34
9810 Nazareth-De Pinte
Active since 1 January 1988
Rue des Nouvelles Technologies 29
4460 Grâce-Hollogne
Active since 1 January 1996
Rue des Emailleries 4
6041 Charleroi
Active since 15 February 2013
Rue de la Terre à Briques(MAR) 5
7522 Tournai
Active since 16 February 2015
Doornveld 80
1731 Asse
Active since 1 May 2018
Watlingtonstraat 4
9000 Gent
Active since 1 June 2023
Holrakkerstraat 198
3510 Hasselt
Active since 1 June 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
INCAPSULA - Incapsula Inc, US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0400.953.260
- VAT number
- BE 0400.953.260
- Registered office
- Schampbergstraat 32, 3511 Hasselt
- Names & denominations
- TEFCO Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1954
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- sfic.be
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in overige bouwmaterialen, neg
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair