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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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 18.6 to 12.6.
Financials
Financial year 2025
TOLLET from Waterloo, company number BE0435980257, closed financial year 2025 with a result of € 401,028 after tax. For that financial year TOLLET recorded a gross margin of € 1.9 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € 385,174 to € 401,028. 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 29, 2026.
€ 4.5 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 401,028
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 9% 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 € 1.5 million.
People and assets in 2025
12.6
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 17% vs 2024
€ 86,800 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.
€ 102,638
▼ 25% vs 2024
Of which on lease € 73,789.
Debts at end 2025
€ 102,536
▼ 35% vs 2024
€ 46,629 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.9 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 429,013
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,523,075 | € 2,369,097 | € 1,900,446 | € 1,949,912 | ▲ 3% |
| Profit after taxes | € 1,032,611 | € 631,598 | € 385,174 | € 401,028 | ▲ 4% |
| Equity | € 3,080,903 | € 3,712,501 | € 4,097,675 | € 4,498,703 | ▲ 10% |
| Total debts | € 4,056,585 | € 3,782,648 | € 3,654,064 | € 3,318,982 | ▼ 9% |
| Cash | € 764,744 | € 655,828 | € 1,110,941 | € 1,208,543 | ▲ 9% |
| Retained profit | € 81,667 | € 713,265 | € 1,098,439 | € 1,499,467 | ▲ 37% |
| Bank debt | € 240,862 | € 103,470 | € 156,942 | € 102,536 | ▼ 35% |
| Balance sheet total | € 7,267,489 | € 7,625,149 | € 7,881,739 | € 7,947,684 | ▲ 1% |
| Employees (FTE) | 19 | 18.6 | 16.6 | 12.6 | ▼ 4 |
Key figures of TOLLET, 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 TOLLET?
What happened at TOLLET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Muriel TOLLET stepped down as director. NBB
- Didier TOLLET stepped down as director. NBB
- Carole TOLLET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 401,028 (▲ 4% vs 2024). Source: NBB ↗
- Muriel TOLLET became a director. NBB
- Didier TOLLET became a director. NBB
- Carole TOLLET became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 1 million profit in 2022 to € 401,028 profit in 2025.
Paid € 727,738 in corporate taxes since 2022.
Best year ever: 2022, with € 1 million profit.
On average € 154,800 of value added per employee in 2025.
Management
The stake of GOLD CONCEPT, TOLLENCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TOLLETThe shares are held by GOLD CONCEPT (96.1%) and TOLLENCO (32.6%).
Directors
According to the 2025 annual accounts
since 2014 · until 2029
Didier TOLLET
Managing director
Also active at: Tollet Participations et Consultance, Gifemco, GOLD CONCEPT, TOLLENCO
since 2014 · until 2029
since 2014 · until 2029
Shareholders
96.1%
32.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 177
1410 Waterloo
Chaussée de Bruxelles 209
1410 Waterloo
Active since 21 December 1988
Woluwedal 70 box 74
1200 Sint-Lambrechts-Woluwe
Active since 21 December 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
- 0435.980.257
- VAT number
- BE 0435.980.257
- Registered office
- Chaussée de Bruxelles 177, 1410 Waterloo
- Names & denominations
- TOLLET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1988
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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