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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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
TE Connectivity Belgium from Oostkamp, company number BE0465547738, closed financial year 2025 with a result of € 8.8 million after tax. For that financial year TE Connectivity Belgium recorded revenue of € 191.8 million and equity of € 83.2 million. Compared with financial year 2024, the result moved from € 6.8 million to € 8.8 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 12, 2026.
€ 83.2 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.8 million
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 20 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
684.1
▼ 11.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 75.4 million
▲ 2% vs 2024
€ 110,200 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.
€ 861,228
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18.6 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 22 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 185,792,824 | € 210,583,638 | € 216,310,857 | € 191,831,048 | ▼ 11% |
| Profit after taxes | € 3,432,038 | € 5,399,068 | € 6,772,919 | € 8,833,945 | ▲ 30% |
| Equity | € 82,219,360 | € 87,618,427 | € 94,391,346 | € 83,225,291 | ▼ 12% |
| Total debts | € 55,645,479 | € 43,024,112 | € 45,811,315 | € 50,635,128 | ▲ 11% |
| Land & buildings | € 12,326,946 | € 15,629,803 | € 15,020,815 | € 15,233,022 | ▲ 1% |
| Retained profit | € 67,219,079 | € 72,618,146 | € 79,391,065 | € 68,225,010 | ▼ 14% |
| Dividend | € 0 | € 0 | € 0 | € 20,000,000 | |
| Bank debt | € 11,250,562 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 139,059,904 | € 131,840,532 | € 141,630,074 | € 134,628,181 | ▼ 5% |
| Employees (FTE) | 672.9 | 687.2 | 696 | 684.1 | ▼ 11.9 |
Key figures of TE Connectivity Belgium, 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 April 2027.
What happened to TE Connectivity Belgium?
What happened at TE Connectivity Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luk Hiltrop stepped down as director. NBB
- Moritz Raesch stepped down as director. NBB
- Wim Raspoet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.8 million (▲ 30% vs 2024). Source: NBB ↗
- Moritz Raesch became a director. NBB
- Luk Hiltrop became a director. NBB
- Wim Raspoet became a director. NBB
- New establishment in Leuven. KBO
In short
From € 3.4 million profit in 2022 to € 8.8 million profit in 2025.
Paid € 11.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 8.8 million profit.
Paid out € 20 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Luk Hiltrop
Director
since 2021 · until 2027
Moritz Raesch
Director
since 2021 · until 2027
Wim Raspoet
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Siemenslaan 14
8020 Oostkamp
Philipssite 5 box 1
3001 Leuven
Active since 1 June 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.547.738
- VAT number
- BE 0465.547.738
- Registered office
- Siemenslaan 14, 8020 Oostkamp
- Names & denominations
- TE Connectivity Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1999
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Vervaardiging van elektronische onderdelen