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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TEGEL CONCEPT from Huldenberg, company number BE0448603917, closed financial year 2025 with a result of € 42,810 after tax. For that financial year TEGEL CONCEPT recorded a gross margin of € 1.3 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 79,630 to € 42,810. The company is profitable. 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 22, 2026.
€ 1.4 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,810
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 97,685
▲ 13% 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 € 764,424.
People and assets in 2025
23.8
▲ 10.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 901,737
▼ 2% vs 2024
€ 37,900 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.
€ 42,072
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 866,039
▼ 3% vs 2024
€ 207,409 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 730,524
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 211,360
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,756,879 | € 1,263,885 | € 1,289,028 | € 1,271,890 | ▼ 1% |
| Profit after taxes | € 496,387 | € 92,201 | € 79,630 | € 42,810 | ▼ 46% |
| Equity | € 817,954 | € 910,155 | € 1,314,785 | € 1,357,595 | ▲ 3% |
| Total debts | € 2,557,192 | € 1,761,849 | € 2,180,439 | € 1,937,181 | ▼ 11% |
| Cash | € 286,134 | € 106,445 | € 86,503 | € 97,685 | ▲ 13% |
| Land & buildings | € 265,751 | € 199,975 | € 459,449 | € 362,995 | ▼ 21% |
| Retained profit | € 549,783 | € 641,984 | € 721,614 | € 764,424 | ▲ 6% |
| Dividend | € 207,912 | € 0 | € 0 | € 0 | |
| Bank debt | € 930,309 | € 806,051 | € 894,652 | € 866,039 | ▼ 3% |
| Balance sheet total | € 3,375,146 | € 2,672,004 | € 3,495,224 | € 3,294,776 | ▼ 6% |
| Employees (FTE) | 14.8 | 14.1 | 13.4 | 23.8 | ▲ 10.4 |
Key figures of TEGEL CONCEPT, 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 TEGEL CONCEPT?
What happened at TEGEL CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42,810 (▼ 46% vs 2024). Source: NBB ↗
- Biezonder BV became a director. NBB
- Project Materials BV became a director. NBB
- New establishment in Leuven. KBO
- New establishment in Overijse. KBO
- New establishment in Zaventem. KBO
- New establishment in Overijse. KBO
- Start of the company according to the CBE. KBO
In short
From € 496,387 profit in 2022 to € 42,810 profit in 2025.
Paid € 277,479 in corporate taxes since 2022.
Best year ever: 2022, with € 496,387 profit.
On average € 53,400 of value added per employee in 2025.
Management
The stake of Project Materials, BIEZONDER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TEGEL CONCEPTBehind TEGEL CONCEPT are Biezonder BV and Project Materials BV. The shares are held by Project Materials (55%) and BIEZONDER (45%).
Directors
According to the 2025 annual accounts
Director · represented by Bie Vanpee
since 2022
since 2022
Shareholders
45%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Onderbosstraat(SAR) 27
3040 Huldenberg
Brusselsesteenweg 319
3090 Overijse
Active since 8 June 1999
Leuvensesteenweg 288
1932 Zaventem
Active since 1 January 2007
Brusselsesteenweg 317 box b
3090 Overijse
Active since 27 October 2009
Tiensesteenweg 370
3000 Leuven
Active since 1 February 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0448.603.917
- VAT number
- BE 0448.603.917
- Registered office
- Onderbosstraat(SAR) 27, 3040 Huldenberg
- Names & denominations
- TEGEL CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 1992
- Peppol
- Active · Active since 14 Jul 2026
- Activities · NACE
Detailhandel in wand- en vloertegels
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Algemene bouw van residentiële gebouwen
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Bouwen van individuele huizen
Overige gespecialiseerde bouwwerkzaamheden