Financials
Financial year 2024
K - TEG from Hasselt, company number BE0454860516, closed financial year 2024 with a result of € 244,826 after tax. For that financial year K - TEG recorded a gross margin of € 1 million and equity of € 1.3 million. Compared with financial year 2023, the result moved from € 304,328 to € 244,826. 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 29, 2025.
€ 1.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 244,826
▼ 20% vs 2023
Profit after tax over the fiscal year.
€ 247,084
▲ 15% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 240,000 paid out
98 % of the profit went to the shareholders, mostly to K-DER (100 % of the shares). That is where the money ends up.
People and assets in 2024
10.8
▲ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 618,134
▲ 30% vs 2023
€ 57,200 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.
€ 2,511
▲ 1% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 524,877
▲ € 508,015 vs 2023
€ 74,417 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 180,306
▼ 52% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 58,628
▼ 51% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 861,535 | € 821,875 | € 958,700 | € 1,009,229 | ▲ 5% |
| Profit after taxes | € 285,109 | € 207,047 | € 304,328 | € 244,826 | ▼ 20% |
| Equity | € 859,743 | € 1,016,665 | € 1,269,969 | € 1,274,796 | |
| Total debts | € 535,609 | € 381,028 | € 574,355 | € 1,004,106 | ▲ 75% |
| Cash | € 387,797 | € 573,701 | € 215,000 | € 247,084 | ▲ 15% |
| Retained profit | € 839,743 | € 996,665 | € 1,249,969 | € 1,254,796 | |
| Dividend | € 50,125 | € 50,125 | € 50,125 | € 240,000 | ▲ € 189,875 |
| Bank debt | € 157,047 | € 66,968 | € 16,863 | € 524,877 | ▲ € 508,015 |
| Balance sheet total | € 1,395,353 | € 1,397,693 | € 1,844,324 | € 2,278,901 | ▲ 24% |
| Employees (FTE) | 9.7 | 9.7 | 9.4 | 10.8 | ▲ 1.4 |
Key figures of K - TEG, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to K - TEG?
What happened at K - TEG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 244,826 (▼ 20% vs 2023). Source: NBB ↗
- K-Force Management BV stepped down as director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 285,109 profit in 2021 to € 244,826 profit in 2024.
Paid € 372,491 in corporate taxes since 2021.
Best year ever: 2023, with € 304,328 profit.
On average € 93,400 of value added per employee in 2024.
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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
The stake of K-DER, Verpacman comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
K - TEGBehind K - TEG is K-DER BV. The shares are held by K-DER (99.7%) and Verpacman (0.3%).
Directors
According to the 2024 annual accounts
Director · represented by Ken Adriaenssens
Director · represented by Wim Jans
· until 2024
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kiewitstraat 187
3500 Hasselt
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
- 0454.860.516
- VAT number
- BE 0454.860.516
- Registered office
- Kiewitstraat 187, 3500 Hasselt
- Names & denominations
- K - TEG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1995
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
Vervaardiging van overige artikelen van hout
Vervaardiging van andere artikelen van hout
Algemene elektrotechnische installatiewerken
Elektrische installatie
Groothandel in bouwmaterialen, algemeen assortiment
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Detailhandel in drogisterijartikelen en onderhoudsproducten
Vlieg- en vaaronderricht
+4