Financials
Financial year 2024
TORMAX BELGIUM from Merelbeke-Melle, company number BE0424842083, closed financial year 2024 with a result of € 717,533 after tax. For that financial year TORMAX BELGIUM recorded revenue of € 12.7 million and equity of € 5.2 million. Compared with financial year 2023, the result moved from € 406,744 to € 717,533. Profitable, and profit is growing. 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 November 24, 2025.
€ 5.2 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 717,533
▲ 76% vs 2023
Profit after tax over the fiscal year.
€ 1.7 million
▲ 144% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 750,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
64.1
▲ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 4% vs 2023
€ 77,900 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.
€ 711,404
▲ 82% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.8 million
▼ 10% vs 2023
€ 197,627 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 890,856
▲ 48% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 926,743
▲ 11% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 11,336,511 | € 10,965,408 | € 12,107,129 | € 12,718,241 | ▲ 5% |
| Profit after taxes | € 862,275 | € 879,596 | € 406,744 | € 717,533 | ▲ 76% |
| Equity | € 5,793,369 | € 6,072,965 | € 5,229,709 | € 5,197,242 | ▼ 1% |
| Total debts | € 4,803,404 | € 4,693,583 | € 4,579,205 | € 5,548,733 | ▲ 21% |
| Cash | € 1,825,764 | € 1,522,494 | € 706,769 | € 1,723,844 | ▲ 144% |
| Land & buildings | € 4,351,329 | € 4,304,051 | € 4,287,446 | € 4,265,535 | ▼ 1% |
| Retained profit | € 5,173,369 | € 5,452,965 | € 4,609,709 | € 4,577,242 | ▼ 1% |
| Dividend | € 0 | € 600,000 | € 1,250,000 | € 750,000 | ▼ 40% |
| Bank debt | € 2,401,227 | € 2,211,545 | € 2,019,251 | € 1,824,384 | ▼ 10% |
| Balance sheet total | € 10,735,768 | € 10,908,544 | € 9,969,912 | € 10,942,486 | ▲ 10% |
| Employees (FTE) | 69.8 | 69.6 | 63.6 | 64.1 | ▲ 0.5 |
Key figures of TORMAX BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TORMAX BELGIUM?
What happened at TORMAX BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Heiniger stepped down as director. NBB
- Anja Landert stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 717,533 (▲ 76% vs 2023). filed late Source: NBB ↗
- Anja Landert became a director. NBB
- Philippe Heiniger became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 862,275 profit in 2021 to € 717,533 profit in 2024.
Paid € 1.2 million in corporate taxes since 2021.
Best year ever: 2022, with € 879,596 profit.
Paid out € 2.6 million in dividends to the owners in total.
Management
The shares are held by LANDERT GROUP AG (100%).
Directors
According to the 2024 annual accounts
Philippe Heiniger
Director
since 2021 · until 2026
Anja Landert
Director
since 2023 · until 2026
Shareholders
LANDERT GROUP AG
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gontrode Heirweg 328
9090 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.842.083
- VAT number
- BE 0424.842.083
- Registered office
- Gontrode Heirweg 328, 9090 Merelbeke-Melle
- Names & denominations
- TORMAX BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1983
- Peppol
- Active · Active since 23 Nov 2023
- Activities · NACE
Overige bouwinstallatie
Overige werkzaamheden in verband met de afwerking van gebouwen
Overige bouwinstallatie, n.e.g.
Overige detailhandel, niet in winkels
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen
Overige detailhandel, niet in winkels en exclusief markt- en straathandel