What does TER STEENE do?

TER STEENE is a market trader in Oostende. Public Limited, started on 15 June 1988, 1 establishment.

What is the address of TER STEENE?

The registered office of TER STEENE is located at Torhoutsesteenweg 704, 8400 Oostende.

Is TER STEENE still active?

Yes. According to the CBE (31 October 2026) TER STEENE is active, legal situation “Normale toestand”, started on 15 June 1988.

Is TER STEENE registered on Peppol?

Yes, TER STEENE is registered on the Peppol network with ID 0208:0434618891.

What is the enterprise number of TER STEENE?

The enterprise number of TER STEENE is BE0434618891.

When was TER STEENE founded?

TER STEENE was founded on 15 June 1988.

Who are the directors of TER STEENE?

According to the 2025 annual accounts, the directors of TER STEENE are: Spegelaere Management BV, Spegelaere Brugge BV.

Is TER STEENE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 June 1988; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did TER STEENE make in 2025?

TER STEENE posted a profit after taxes of € 163,614 in financial year 2025.

What is the revenue of TER STEENE?

In its most recent annual accounts (2025), TER STEENE reported revenue of € 15,494,364.

How much does an employee at TER STEENE earn?

The average wage cost per full-time employee at TER STEENE was € 65,700 in 2025: staff costs of € 637,197 for 9.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TER STEENE have?

According to the 2025 annual accounts, TER STEENE has 9.7 full-time equivalents (FTE).

TER STEENE (Public Limited) - Oostende - BE0434618891

Dossier TER STEENE, printed on 31 October 2026 from databakkes.be/en/0434618891/ter-steene. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TER STEENE from Oostende, company number BE0434618891, closed financial year 2025 with a result of € 163,614 after tax. For that financial year TER STEENE recorded revenue of € 15.5 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € -12,572 to € 163,614. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.

What it is worth Growing

€ 2.9 million

▲ 27% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 163,614

▲ still € 12,572 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 28,362

▲ 179% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 559,430.

People and assets in 2025

Full-time equivalents

9.7

▼ 6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 582,736 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 637,197

▼ 36% vs 2024

€ 65,700 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.

Vehicles and equipment

€ 140,779

▼ 80% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 8 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 620,513

▼ 61% vs 2024

€ 74,395 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 19,713

▼ € 4.1 million vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 25,142

▼ 88% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 7,464,309 Revenue 2022: € 7,464,309 First fiscal year in the series	€ 16,237,176 Revenue 2023: € 16,237,176 ▲ 118% vs 2022 (€ 7,464,309) Favourable step	€ 18,914,474 Revenue 2024: € 18,914,474 ▲ 16% vs 2023 (€ 16,237,176) Favourable step	€ 15,494,364 Revenue 2025: € 15,494,364 ▼ 18% vs 2024 (€ 18,914,474) Unfavourable step	▼ 18%
Profit after taxes	€ -154,902 Profit after taxes 2022: € -154,902 First fiscal year in the series	€ 389,250 Profit after taxes 2023: € 389,250 ▲ € 544,152 vs 2022 (€ -154,902) Favourable step	€ -12,572 Profit after taxes 2024: € -12,572 ▼ € 401,822 vs 2023 (€ 389,250) Unfavourable step	€ 163,614 Profit after taxes 2025: € 163,614 ▲ € 176,186 vs 2024 (€ -12,572) Favourable step	▲ € 176,186
Equity	€ 2,056,381 Equity 2022: € 2,056,381 First fiscal year in the series	€ 2,320,631 Equity 2023: € 2,320,631 ▲ 13% vs 2022 (€ 2,056,381) Favourable step	€ 2,308,059 Equity 2024: € 2,308,059 ▼ 1% vs 2023 (€ 2,320,631) Unfavourable step	€ 2,940,673 Equity 2025: € 2,940,673 ▲ 27% vs 2024 (€ 2,308,059) Favourable step	▲ 27%
Total debts	€ 5,360,635 Total debts 2022: € 5,360,635 First fiscal year in the series	€ 7,135,171 Total debts 2023: € 7,135,171 ▲ 33% vs 2022 (€ 5,360,635) Unfavourable step	€ 5,966,287 Total debts 2024: € 5,966,287 ▼ 16% vs 2023 (€ 7,135,171) Favourable step	€ 670,898 Total debts 2025: € 670,898 ▼ 89% vs 2024 (€ 5,966,287) Favourable step	▼ 89%
Cash	€ 202,194 Cash 2022: € 202,194 First fiscal year in the series	€ 607,721 Cash 2023: € 607,721 ▲ 201% vs 2022 (€ 202,194) Favourable step	€ 10,177 Cash 2024: € 10,177 ▼ 98% vs 2023 (€ 607,721) Unfavourable step	€ 28,362 Cash 2025: € 28,362 ▲ 179% vs 2024 (€ 10,177) Favourable step	▲ 179%
Land & buildings	€ 3,044,145 Land & buildings 2022: € 3,044,145 First fiscal year in the series	€ 2,955,750 Land & buildings 2023: € 2,955,750 ▼ 3% vs 2022 (€ 3,044,145) Unchanged	€ 2,868,021 Land & buildings 2024: € 2,868,021 ▼ 3% vs 2023 (€ 2,955,750) Unchanged	€ 3,245,918 Land & buildings 2025: € 3,245,918 ▲ 13% vs 2024 (€ 2,868,021) Unchanged	▲ 13%
Retained profit	€ 144,139 Retained profit 2022: € 144,139 First fiscal year in the series	€ 408,388 Retained profit 2023: € 408,388 ▲ 183% vs 2022 (€ 144,139) Favourable step	€ 395,816 Retained profit 2024: € 395,816 ▼ 3% vs 2023 (€ 408,388) Unfavourable step	€ 559,430 Retained profit 2025: € 559,430 ▲ 41% vs 2024 (€ 395,816) Favourable step	▲ 41%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 125,000 Dividend 2023: € 125,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 125,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 1,594,398 Bank debt 2022: € 1,594,398 First fiscal year in the series	€ 1,650,313 Bank debt 2023: € 1,650,313 ▲ 4% vs 2022 (€ 1,594,398) Unfavourable step	€ 1,582,603 Bank debt 2024: € 1,582,603 ▼ 4% vs 2023 (€ 1,650,313) Favourable step	€ 620,513 Bank debt 2025: € 620,513 ▼ 61% vs 2024 (€ 1,582,603) Favourable step	▼ 61%
Balance sheet total	€ 7,417,016 Balance sheet total 2022: € 7,417,016 First fiscal year in the series	€ 9,535,802 Balance sheet total 2023: € 9,535,802 ▲ 29% vs 2022 (€ 7,417,016) Unchanged	€ 8,274,346 Balance sheet total 2024: € 8,274,346 ▼ 13% vs 2023 (€ 9,535,802) Unchanged	€ 3,611,571 Balance sheet total 2025: € 3,611,571 ▼ 56% vs 2024 (€ 8,274,346) Unchanged	▼ 56%
Employees (FTE)	13.7 Employees (FTE) 2022: 13.7 First fiscal year in the series	13.6 Employees (FTE) 2023: 13.6 ▼ 0.1 vs 2022 (13.7) Unchanged	15.7 Employees (FTE) 2024: 15.7 ▲ 2.1 vs 2023 (13.6) Unchanged	9.7 Employees (FTE) 2025: 9.7 ▼ 6 vs 2024 (15.7) Unchanged	▼ 6

Key figures of TER STEENE, 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 TER STEENE?

What happened at TER STEENE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Spegelaere Management BV stepped down as director. NBB
2031 Spegelaere Brugge BV stepped down as director. NBB
Jul 16, 2026 New annual accounts for financial year 2025: profit of € 163,614. Source: NBB ↗
2025 Spegelaere Management BV became a director. NBB
2025 Spegelaere Brugge BV became a director. NBB
Aug 31, 1988 New establishment in Oostende. KBO
Jun 15, 1988 Start of the company according to the CBE. KBO

In short

From € 154,902 loss in 2022 to € 163,614 profit in 2025.

Paid € 169,160 in corporate taxes since 2022.

Best year ever: 2023, with € 389,250 profit.

Paid out € 125,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

VERMEIRE CONSULTING 100%

The stake of VERMEIRE CONSULTING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TER STEENE

The shares are held by VERMEIRE CONSULTING (100%).

Directors

According to the 2025 annual accounts

Spegelaere Management BV

Managing director · represented by Frederik Spegelaere

Also active at: IMMO SPEGELAERE, Autobedrijf Spegelaere

since 2025 · until 2031

Spegelaere Brugge BV

Managing director · represented by Filip Spegelaere

Also active at: IMMO SPEGELAERE, Autobedrijf Spegelaere

since 2025 · until 2031

Shareholders

VERMEIRE CONSULTING

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Torhoutsesteenweg 704

8400 Oostende

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0434.618.891

VAT number

BE 0434.618.891

Registered office

Torhoutsesteenweg 704, 8400 Oostende

Names & denominations

TER STEENE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 June 1988

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)

Detailhandel in motorvoertuigen

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)

Onderhoud en reparatie van auto's

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)

View on CBE Public ↗ Annual accounts (NBB) ↗

TER STEENE

Financials

What happened to TER STEENE?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions