Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TERVAX INVEST from Nivelles, company number BE0444990072, closed financial year 2025 with a result of € 13,121 after tax. For that financial year TERVAX INVEST recorded a gross margin of € 21,085 and equity of € -339,486. Compared with financial year 2024, the result moved from € 20,543 to € 13,121. The company is profitable. 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 July 9, 2026.
€ -339,486
▲ € 13,121 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,121
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 2,887
▼ 23% 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 € -4.1 million.
People and assets in 2025
€ 861
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33,037
▼ 22% vs 2024
€ 11,663 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 176
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,450
▼ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 68,718 | € 57,830 | € 30,887 | € 21,085 | ▼ 32% |
| Profit after taxes | € 49,788 | € 40,253 | € 20,543 | € 13,121 | ▼ 36% |
| Equity | € -413,403 | € -373,150 | € -352,607 | € -339,486 | ▲ € 13,121 |
| Total debts | € 435,574 | € 386,893 | € 370,506 | € 359,349 | ▼ 3% |
| Cash | € 2,999 | € 3,957 | € 3,773 | € 2,887 | ▼ 23% |
| Retained profit | € -4,207,281 | € -4,167,027 | € -4,146,484 | € -4,133,363 | |
| Bank debt | € 0 | € 50,000 | € 42,244 | € 33,037 | ▼ 22% |
| Balance sheet total | € 22,170 | € 13,742 | € 17,899 | € 19,863 | ▲ 11% |
Key figures of TERVAX INVEST, 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 TERVAX INVEST?
What happened at TERVAX INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,121 (▼ 36% vs 2024). Source: NBB ↗
- Alexandre VAXELAIRE stepped down as director. NBB
- Nicolas VAXELAIRE stepped down as director. NBB
- Tatiana VAXELAIRE stepped down as director. NBB
- Nicolas VAXELAIRE became a director. NBB
- Tatiana VAXELAIRE became a director. NBB
- Alexandre VAXELAIRE became a director. NBB
- New establishment in Huldenberg. KBO
In short
From € 49,788 profit in 2022 to € 13,121 profit in 2025.
Paid € 41,190 in corporate taxes since 2022.
Best year ever: 2022, with € 49,788 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Alexandre VAXELAIRE
Director
Also active at: VAXELAIRE EN DECKERS - LANDSCAPE ARCHITECTS ASSOCIATES, GREENVAX
since 2017 · until 2025
since 2018 · until 2025
Tatiana VAXELAIRE
Director
since 2018 · until 2025
Establishments
Establishment units
Physical locations of this company
Rue de l'Industrie 12B
1400 Nivelles
Ijsedal 6
3040 Huldenberg
Active since 26 September 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.990.072
- VAT number
- BE 0444.990.072
- Registered office
- Rue de l'Industrie 12B, 1400 Nivelles
- Names & denominations
- TERVAX INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 1991
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
Portefeuillemaatschappijen
Holdings