Financials
Financial year 2025
TANDEM WOOD PRODUCTS from Gavere, company number BE0448037060, closed financial year 2025 with a result of € 360,256 after tax. For that financial year TANDEM WOOD PRODUCTS recorded revenue of € 23.4 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 144,177 to € 360,256. 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 June 30, 2026.
€ 3 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 360,256
▲ 150% vs 2024
Profit after tax over the fiscal year.
€ 363,077
▲ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 210,000 paid out
58 % of the profit went to the shareholders, mostly to NICOVAST (100 % of the shares). That is where the money ends up.
People and assets in 2025
10.5
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 863,109
▲ 30% vs 2024
€ 82,200 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.
€ 355,802
▲ 20% vs 2024
Of which on lease € 114,540.
Debts at end 2025
€ 3.1 million
▲ 6% vs 2024
€ 72,900 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▲ 102% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.
€ 258,590
▲ 108% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,374,903 | € 19,085,429 | € 18,130,568 | € 23,367,301 | ▲ 29% |
| Profit after taxes | € 1,089,089 | € 101,140 | € 144,177 | € 360,256 | ▲ 150% |
| Equity | € 3,097,496 | € 2,998,636 | € 2,832,813 | € 2,983,069 | ▲ 5% |
| Total debts | € 4,603,579 | € 2,709,724 | € 4,068,716 | € 5,027,133 | ▲ 24% |
| Cash | € 367,958 | € 184,029 | € 187,435 | € 363,077 | ▲ 94% |
| Retained profit | € 3,035,039 | € 2,936,179 | € 2,770,356 | € 2,920,612 | ▲ 5% |
| Dividend | € 250,000 | € 200,000 | € 310,000 | € 210,000 | ▼ 32% |
| Bank debt | € 2,692,159 | € 1,704,546 | € 2,880,151 | € 3,051,019 | ▲ 6% |
| Balance sheet total | € 7,761,075 | € 5,708,360 | € 6,901,529 | € 8,010,202 | ▲ 16% |
| Employees (FTE) | 8.7 | 9.8 | 9.8 | 10.5 | ▲ 0.7 |
By revenue, TANDEM WOOD PRODUCTS ranks 8th of 16 companies with main activity “Groothandel in hout” in East Flanders that publish figures (fiscal year 2025).
Key figures of TANDEM WOOD PRODUCTS, 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.
Ask about TANDEM WOOD PRODUCTS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to TANDEM WOOD PRODUCTS?
What happened at TANDEM WOOD PRODUCTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 360,256 (▲ 150% vs 2024). Source: NBB ↗
- Delphine Nicolaï became a director. NBB
- Jonckheere.Wood NV stepped down as director. NBB
- Jonckheere.Wood NV became a director. NBB
- NICOVAST BV became a director. NBB
- New establishment in Asse. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 360,256 profit in 2025.
Paid € 541,671 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Paid out € 970,000 in dividends to the owners in total.
Management
The stake of NICOVAST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TANDEM WOOD PRODUCTSBehind TANDEM WOOD PRODUCTS are Delphine Nicolaï and NICOVAST BV. The shares are held by NICOVAST (100%).
Directors
According to the 2025 annual accounts
since 2025
Director · represented by PIERRE VAN STEENBERGE
since 2014
Director · represented by Philippe Jonckheere
since 2020 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kasteelstraat 9
9890 Gavere
Z. 5 Mollem 600
1730 Asse
Active since 18 September 1992
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.
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Details
- Company number
- 0448.037.060
- VAT number
- BE 0448.037.060
- Registered office
- Kasteelstraat 9, 9890 Gavere
- Names & denominations
- TANDEM WOOD PRODUCTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1992
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in hout
Vervaardiging van ander schrijn- en timmerwerk
Vervaardiging van schrijn- en timmerwerk