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 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TENABEL from Zulte, company number BE0471919747, closed financial year 2025 with a result of € 174,464 after tax. For that financial year TENABEL recorded a gross margin of € 642,526 and equity of € 714,504. Compared with financial year 2024, the result moved from € 138,221 to € 174,464. 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 July 9, 2026.
€ 714,504
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 174,464
▲ 26% vs 2024
Profit after tax over the fiscal year.
€ 178,411
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 303,109 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5.5
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 276,509
▲ 12% vs 2024
€ 50,300 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.
€ 57,887
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 494,876
▼ 20% vs 2024
€ 113,552 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 36,974
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 117,683
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 603,907 | € 586,880 | € 566,301 | € 642,526 | ▲ 13% |
| Profit after taxes | € 132,416 | € 165,111 | € 138,221 | € 174,464 | ▲ 26% |
| Equity | € 611,980 | € 762,909 | € 843,149 | € 714,504 | ▼ 15% |
| Total debts | € 1,097,240 | € 950,628 | € 832,089 | € 1,006,815 | ▲ 21% |
| Cash | € 164,584 | € 175,174 | € 125,019 | € 178,411 | ▲ 43% |
| Land & buildings | € 596,210 | € 551,701 | € 507,193 | € 462,684 | ▼ 9% |
| Retained profit | € 553,261 | € 704,190 | € 784,430 | € 655,785 | ▼ 16% |
| Dividend | € 19,662 | € 14,183 | € 57,981 | € 303,109 | ▲ € 245,128 |
| Bank debt | € 845,693 | € 776,192 | € 616,063 | € 494,876 | ▼ 20% |
| Balance sheet total | € 1,709,221 | € 1,713,537 | € 1,675,238 | € 1,721,319 | ▲ 3% |
| Employees (FTE) | 4.5 | 3.7 | 4.4 | 5.5 | ▲ 1.1 |
Key figures of TENABEL, 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 TENABEL?
What happened at TENABEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 174,464 (▲ 26% vs 2024). Source: NBB ↗
- Jelamco became a director. NBB
- Geert Nachtergaele became a director. NBB
- New establishment in Zulte. KBO
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 132,416 profit in 2022 to € 174,464 profit in 2025.
Paid € 275,642 in corporate taxes since 2022.
Best year ever: 2025, with € 174,464 profit.
On average € 116,800 of value added per employee in 2025.
Management
Behind TENABEL are Jelamco and Geert Nachtergaele.
Directors
According to the 2025 annual accounts
Director · represented by Lanckriet Jeroen
since 2023
Geert Nachtergaele
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Grote Steenweg 52A
9870 Zulte
Oostendestraat 268
8820 Torhout
Active since 22 August 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Domain
Domain
geotex.eu
Registrar
Nomeo bvba
Website info
Features
Security
Details
- Company number
- 0471.919.747
- VAT number
- BE 0471.919.747
- Registered office
- Grote Steenweg 52A, 9870 Zulte
- Names & denominations
- TENABEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2000
- Peppol
- Active · Active since 21 Nov 2025
- Contact
- geotex.eu
- Activities · NACE
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