Financials
Financial year 2025
TEJO from Gistel, company number BE0478409740, closed financial year 2025 with a result of € -61,022 after tax. For that financial year TEJO recorded a gross margin of € 27,327 and equity of € 953,282. Compared with financial year 2024, the result moved from € 4,106 to € -61,022. The company made a loss. 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 December 22, 2025.
€ 953,282
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,022
▼ still € 4,106 profit in 2024
Profit after tax over the fiscal year.
€ 94,399
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 408,282.
People and assets in 2025
€ 20,025
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46,401
▼ 37% vs 2024
€ 5,151 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,616 | € 23,287 | € 13,966 | € 27,327 | ▲ 96% |
| Profit after taxes | € -26,573 | € -5,068 | € 4,106 | € -61,022 | ▼ € 65,129 |
| Equity | € 1,515,266 | € 1,510,198 | € 1,014,305 | € 953,282 | ▼ 6% |
| Total debts | € 131,385 | € 105,551 | € 242,907 | € 216,062 | ▼ 11% |
| Cash | € 136,150 | € 144,823 | € 145,200 | € 94,399 | ▼ 35% |
| Land & buildings | € 594,299 | € 574,163 | € 554,074 | € 976,941 | ▲ 76% |
| Retained profit | € 470,266 | € 465,198 | € 469,305 | € 408,282 | ▼ 13% |
| Bank debt | € 125,706 | € 99,680 | € 73,247 | € 46,401 | ▼ 37% |
| Balance sheet total | € 1,646,651 | € 1,615,750 | € 1,257,212 | € 1,169,344 | ▼ 7% |
Key figures of TEJO, 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 TEJO?
What happened at TEJO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 61,022 (▼ € 65,129 vs 2024). Source: NBB ↗
- Tom Putteman became a director. NBB
- Kurt Debeuckelaere became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gistel. KBO
In short
From € 26,573 loss in 2022 to € 61,022 loss in 2025.
Best year ever: 2024, with € 4,106 profit.
Management
Behind TEJO are Tom Putteman and Kurt Debeuckelaere.
Directors
According to the 2025 annual accounts
Tom Putteman
Director
since 2020
Kurt Debeuckelaere
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Manitobalaan 25
8470 Gistel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.409.740
- VAT number
- BE 0478.409.740
- Registered office
- Manitobalaan 25, 8470 Gistel
- Names & denominations
- TEJO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2002
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen