Financials
Financial year 2025
Tessenderlo Group from Elsene, company number BE0412101728, closed financial year 2025 with a result of € -120.6 million after tax. For that financial year Tessenderlo Group recorded revenue of € 513.9 million and equity of € 2 billion. Compared with financial year 2024, the result moved from € 2.2 million to € -120.6 million. 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 May 22, 2026.
€ 2 billion
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -120.6 million
▼ still € 2.2 million profit in 2024
Profit after tax over the fiscal year.
€ 2.4 million
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81.3 million.
People and assets in 2025
707.5
▲ 17.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 98.9 million
▲ 16% vs 2024
€ 139,800 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.
€ 1 million
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113.9 million
▼ 28% vs 2024
€ 18.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 80.1 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 20.9 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 613,100,425 | € 498,039,102 | € 530,358,435 | € 513,937,260 | ▼ 3% |
| Profit after taxes | € 340,968,415 | € 238,687,199 | € 2,190,617 | € -120,579,246 | ▼ € 122.8 million |
| Equity | € 1,256,079,696 | € 3,118,639,855 | € 2,243,214,633 | € 2,028,160,448 | ▼ 10% |
| Total debts | € 468,335,208 | € 380,937,456 | € 459,745,359 | € 371,227,335 | ▼ 19% |
| Cash | € 16,956,230 | € 11,194,389 | € 12,412,141 | € 2,441,226 | ▼ 80% |
| Land & buildings | € 22,576,016 | € 24,052,397 | € 21,240,567 | € 12,551,657 | ▼ 41% |
| Retained profit | € 801,363,019 | € 946,245,546 | € 70,954,899 | € -81,263,824 | ▼ € 152.2 million |
| Dividend | € 64,104,572 | € 63,292,319 | € 45,860,148 | € 0 | ▼ 100% |
| Bank debt | € 117,933,474 | € 105,260,844 | € 157,761,088 | € 113,874,286 | ▼ 28% |
| Balance sheet total | € 1,841,839,035 | € 3,611,431,709 | € 2,828,931,984 | € 2,508,602,972 | ▼ 11% |
| Employees (FTE) | 696.6 | 699.3 | 690.2 | 707.5 | ▲ 17.3 |
Key figures of Tessenderlo 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 Tessenderlo Group?
What happened at Tessenderlo Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ROCCO BV stepped down as director. NBB
- Sebastià Pons stepped down as director. NBB
- Wouter De Geest stepped down as director. NBB
- WEST LINDE BV stepped down as director. NBB
- Luc Tack stepped down as director. NBB
- ANN VEREECKE BV stepped down as director. NBB
- PASMA NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 120.6 million (▼ € 122.8 million vs 2024). Source: NBB ↗
In short
From € 341 million profit in 2022 to € 120.6 million loss in 2025.
Paid € 7.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 341 million profit.
Paid out € 173.3 million in dividends to the owners in total.
Management
The stake of PICANOL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Tessenderlo GroupThe shares are held by Oostiep Group BV (71.6%), Vrije Omloop (19.3%), Manuco International NV (8.9%), Luc Tack (0.1%), Eigen aandelen (0.1%) and Patrick Steverlynck (0%). It owns 100% of DYKA, 100% of BT NYLOPLAST, 100% of TESSENDERLO USA, 100% of TESSENDERLO INVESTMENT, 100% of TESSENDERLO NL HOLDING and 100% of TESSENDERLO GROUP AUSTRALIA PTY LTD itself.
Directors
According to the 2025 annual accounts
Wouter De Geest
Chairman of the board
Also active at: BESIX Group, VLAAMS ECONOMISCH VERBOND, VOKA - VLAAMS NETWERK VAN ONDERNEMINGEN, AERTSSEN GROUP, Antwerp Symphony Orchestra, Vandenbussche, Rombit Group, Netwerk ZAS
since 2024 · until 2027
Director · represented by Roseline Braet
since 2025 · until 2029
Sebastià Pons
Director
since 2025 · until 2029
Director · represented by Laurie Tack
since 2024 · until 2027
Luc Tack
Director
Also active at: Syndicaat van Belgische Textielmachinebouwers, JULES CLARYSSE, PICANOL, MELOTTE, TESSENDERLO CHEMIE INTERNATIONAL, Tack Water Services, BEGOOS, P.B. TERMINAL +24 more
since 2023 · until 2027
Director · represented by Ann Vereecke
Also active at: DECEUNINCK, What's Cooking Group, Vlerick Partner
since 2023 · until 2027
Shareholders
71.6%
Vrije Omloop
19.3%
Luc Tack
0.1%
Eigen aandelen
0.1%
Patrick Steverlynck
0%
50.6%
Participations
DYKA
100%
BT NYLOPLAST
100%
TESSENDERLO USA
100%
TESSENDERLO NL HOLDING
100%
TESSENDERLO GROUP AUSTRALIA PTY LTD
100%
100%
TESSENDERLO KERLEY TURKEY TARIM VE KIMYA SANAYI VE TIC
100%
AKIOLIS IBERIA S.L.
100%
TERELUX SA
100%
TESSENDERLO HOLDING UK LTD
100%
100%
KERLEY LATINOAMERICANA COMERCIALIZADORA LIMITADA
100%
100%
TESSENDERLO KERLEY MEXICO
100%
TESSENDERLO KERLEY INDIA
100%
TKP PERU
99.8%
PB GELATINS (HEILONGJIANG)
66.3%
PB BRASIL INDUSTRIA E COMERCIO DE GELATINAS
60%
TEFIPAR
53.9%
PB GELATINS
46.1%
TESSENDERLO KERLEY BRAZIL Ltda
39.1%
KUHLMANN SWITZERLAND
25%
Establishments
Establishment units
Physical locations of this company
Troonstraat 130
1050 Elsene
Duchéstraat (Marius) 260
1800 Vilvoorde
Active since 1 March 1972
Bergstraat 32
3945 Tessenderlo-Ham
Active since 20 June 1983
Stationsstraat
3980 Tessenderlo
Active since 20 June 1983
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →TESSENDERLO CHEMIE INTERNATIONAL same network
Fonds de Pension Limbourg Chimie - Pensioenfonds Limburg Chemie
Tessenderlo Investment same network
TESSENDERLO DEVELOPMENT SERVICES same network
€ -4,179 gross margin · 2025
T-Power Energy Services same network
€ 6.5 million revenue · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.101.728
- VAT number
- BE 0412.101.728
- Registered office
- Troonstraat 130, 1050 Elsene
- Names & denominations
- Tessenderlo Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 1972
- Peppol
- Active · Active since 11 Jun 2026
- Activities · NACE
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