Financials
Financial year 2025
TERGECO from Eupen, company number BE0455235846, closed financial year 2025 with a result of € 1,477 after tax. For that financial year TERGECO recorded a gross margin of € 65,771 and equity of € 1 million. Compared with financial year 2024, the result moved from € 44 to € 1,477. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,477
▲ € 1,433 vs 2024
Profit after tax over the fiscal year.
€ 403
▼ 87% 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 € 749,572.
Debts at end 2025
€ 1,075
▼ € 2.4 million vs 2024
Loans from banks and other lenders, long and short.
€ 4,460
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 756
▼ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 506,728 | € 94,917 | € 177,864 | € 65,771 | ▼ 63% |
| Profit after taxes | € 279,278 | € 3,933 | € 44 | € 1,477 | ▲ € 1,433 |
| Equity | € 1,044,198 | € 1,048,131 | € 1,048,175 | € 1,049,652 | |
| Total debts | € 1,802,880 | € 2,691,379 | € 3,105,508 | € 2,920,297 | ▼ 6% |
| Cash | € 492,357 | € 114,066 | € 3,204 | € 403 | ▼ 87% |
| Retained profit | € 744,118 | € 748,051 | € 748,095 | € 749,572 | |
| Bank debt | € 977,151 | € 1,980,355 | € 2,371,622 | € 1,075 | ▼ € 2.4 million |
| Balance sheet total | € 2,847,078 | € 3,739,510 | € 4,153,683 | € 3,969,949 | ▼ 4% |
| Employees (FTE) | 0.9 | 0.9 | 0.7 | - |
Key figures of TERGECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TERGECO?
What happened at TERGECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,477 (▲ € 1,433 vs 2024). Source: NBB ↗
- New establishment in Baelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 279,278 profit in 2022 to € 1,477 profit in 2025.
Paid € 143,835 in corporate taxes since 2022.
Best year ever: 2022, with € 279,278 profit.
Management
Behind TERGECO is Georges CORMAN. Georges CORMAN is also behind BATICO, LES BOCAGES, TERGEMAT, GECORBAT and AGOLINA.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de Verviers 10
4700 Eupen
Heggen(BLN) 45 A
4837 Baelen
Active since 24 July 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0455.235.846
- VAT number
- BE 0455.235.846
- Registered office
- Rue de Verviers 10, 4700 Eupen
- Names & denominations
- TERGECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1995
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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