Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TERCOBEL from Châtelet, company number BE0422892878, closed financial year 2025 with a result of € -1,112 after tax. For that financial year TERCOBEL recorded a gross margin of € -613 and equity of € 171,348. Compared with financial year 2024, the result moved from € -1,478 to € -1,112. 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 June 26, 2026.
€ 171,348
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,112
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,627
▲ 112% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26,967.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -778 | € -765 | € -1,019 | € -613 | ▲ € 406 |
| Profit after taxes | € -1,199 | € -1,212 | € -1,478 | € -1,112 | ▲ € 366 |
| Equity | € 175,149 | € 173,937 | € 172,459 | € 171,348 | ▼ 1% |
| Total debts | € 32,910 | € 37,910 | € 36,626 | € 39,126 | ▲ 7% |
| Cash | € 213 | € 4,001 | € 1,239 | € 2,627 | ▲ 112% |
| Retained profit | € -23,166 | € -24,378 | € -25,855 | € -26,967 | ▼ € 1,112 |
| Balance sheet total | € 208,059 | € 211,847 | € 209,085 | € 210,473 | ▲ 1% |
Key figures of TERCOBEL, 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 TERCOBEL?
What happened at TERCOBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MAXIME GROSJEAN stepped down as director. NBB
- PHILIPPE GROSJEAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1,112. Source: NBB ↗
- MAXIME GROSJEAN became a director. NBB
- PHILIPPE GROSJEAN became a director. NBB
- New establishment in Châtelet. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,199 loss in 2022 to € 1,112 loss in 2025.
Management
Directors
According to the 2025 annual accounts
MAXIME GROSJEAN
Director
Also active at: COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES, COMET RECHERCHES ET DEVELOPPEMENTS
since 2023 · until 2029
PHILIPPE GROSJEAN
Managing director
Also active at: Société de Développement et de Participation du Bassin de Charleroi, SAMBRELEASE, COMET SERVICES, FONDS DE CAPITAL A RISQUE 2020, 6K venture capital, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES, SAMBRINVEST SPIN-OFF/SPIN-OUT, COMET RECHERCHES ET DEVELOPPEMENTS
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rivage de Boubier 25
6200 Châtelet
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Rivage et Entrepôts de Châtelineau
€ -294 gross margin · 2025
COMETSAMBRE
€ 247.5 million revenue · 2025
RECYMET
€ 35.9 million revenue · 2025
COMET TYRE RECYCLING
€ 2.1 million gross margin · 2025
COMET TRAITEMENTS
€ 81.5 million revenue · 2025
+7 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
- 0422.892.878
- VAT number
- BE 0422.892.878
- Registered office
- Rivage de Boubier 25, 6200 Châtelet
- Names & denominations
- TERCOBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1982
- Peppol
- Not registered