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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
TESET from Bütgenbach, company number BE0434036792, closed financial year 2025 with a result of € 11,729 after tax. For that financial year TESET recorded a gross margin of € 16,540 and equity of € -273,691. Compared with financial year 2024, the result moved from € -28,433 to € 11,729. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -273,691
▲ € 11,729 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,729
▲ still € 28,433 loss in 2024
Profit after tax over the fiscal year.
€ 21,071
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.3 million.
Debts at end 2025
€ 293,457
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 1,305
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -30,933 | € -23,290 | € -26,787 | € 16,540 | ▲ € 43,327 |
| Profit after taxes | € -18,059 | € -24,732 | € -28,433 | € 11,729 | ▲ € 40,162 |
| Equity | € -232,255 | € -256,987 | € -285,420 | € -273,691 | ▲ € 11,729 |
| Total debts | € 312,283 | € 327,518 | € 322,300 | € 294,762 | ▼ 9% |
| Cash | € 72,124 | € 62,626 | € 26,471 | € 21,071 | ▼ 20% |
| Land & buildings | € 1,362 | € 1,362 | € 1,362 | - | |
| Retained profit | € -1,273,408 | € -1,298,140 | € -1,326,573 | € -1,314,844 | ▲ € 11,729 |
| Bank debt | € 300,000 | € 300,000 | € 300,000 | € 293,457 | ▼ 2% |
| Balance sheet total | € 80,028 | € 70,530 | € 36,880 | € 21,071 | ▼ 43% |
Key figures of TESET, 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 TESET?
What happened at TESET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hans-Henning SCHRADER stepped down as director. NBB
- Michael OSTWALD stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11,729. filed late Source: NBB ↗
- Hans-Henning SCHRADER became a director. NBB
- Michael OSTWALD became a director. NBB
- New establishment in Waimes. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,059 loss in 2022 to € 11,729 profit in 2025.
Best year ever: 2025, with € 11,729 profit.
Management
Directors
According to the 2025 annual accounts
Hans-Henning SCHRADER
Managing director
since 2023 · until 2029
Michael OSTWALD
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Zur Domäne 15
4750 Bütgenbach
Rue de Hottleux 101
4950 Waimes
Active since 31 May 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.036.792
- VAT number
- BE 0434.036.792
- Registered office
- Zur Domäne 15, 4750 Bütgenbach
- Names & denominations
- TESET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 1988
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Activiteiten van syndici van onroerend goed
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis