What does TERCOFIN do?

TERCOFIN is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 21 October 2016, 1 establishment.

What is the address of TERCOFIN?

The registered office of TERCOFIN is located at Rue de Renory 501 box A, 4031 Liège.

Is TERCOFIN still active?

Yes. According to the CBE (29 October 2026) TERCOFIN is active, legal situation “Normale toestand”, started on 21 October 2016.

Is TERCOFIN registered on Peppol?

Yes, TERCOFIN is registered on the Peppol network with ID 0208:0664878481.

What is the enterprise number of TERCOFIN?

The enterprise number of TERCOFIN is BE0664878481.

When was TERCOFIN founded?

TERCOFIN was founded on 21 October 2016.

Who are the directors of TERCOFIN?

According to the 2026 annual accounts, the directors of TERCOFIN are: Johan GEMELS, Vincent BRASSINNE, NOVANDI SRL, Nicolas LIMBIOUL.

Is TERCOFIN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 October 2016; 5 annual accounts filed, latest fiscal year 2026; 4 directors known from the annual account.

How much profit did TERCOFIN make in 2026?

TERCOFIN posted a profit after taxes of € 961,231 in financial year 2026.

TERCOFIN (Public Limited) - Liège - BE0664878481

Dossier TERCOFIN, printed on 29 October 2026 from databakkes.be/en/0664878481/tercofin. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2026

TERCOFIN from Liège, company number BE0664878481, closed financial year 2026 with a result of € 961,231 after tax. Compared with financial year 2025, the result moved from € 1.1 million to € 961,231. 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 September 24, 2026.

What it is worth Growing

€ 6.6 million

▲ 12% vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 961,231

▼ 16% vs 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 3.3 million

▲ € 2.5 million vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 250,000 paid out

26 % of the profit went to the shareholders, mostly to NOVANDI (84 % of the shares). That is where the money ends up.

Debts at end 2026

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 296,793

▲ € 290,614 vs 2025

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 322 days on average.

Taxes

€ 3,181

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Revenue	€ 71,250 Revenue 2023: € 71,250 First fiscal year in the series	-	-	-
Profit after taxes	€ 2,080,034 Profit after taxes 2023: € 2,080,034 First fiscal year in the series	€ 735,824 Profit after taxes 2024: € 735,824 ▼ 65% vs 2023 (€ 2,080,034) Unfavourable step	€ 1,139,223 Profit after taxes 2025: € 1,139,223 ▲ 55% vs 2024 (€ 735,824) Favourable step	€ 961,231 Profit after taxes 2026: € 961,231 ▼ 16% vs 2025 (€ 1,139,223) Unfavourable step	▼ 16%
Equity	€ 5,275,864 Equity 2023: € 5,275,864 First fiscal year in the series	€ 5,711,688 Equity 2024: € 5,711,688 ▲ 8% vs 2023 (€ 5,275,864) Favourable step	€ 5,850,911 Equity 2025: € 5,850,911 ▲ 2% vs 2024 (€ 5,711,688) Favourable step	€ 6,562,142 Equity 2026: € 6,562,142 ▲ 12% vs 2025 (€ 5,850,911) Favourable step	▲ 12%
Total debts	€ 1,000,842 Total debts 2023: € 1,000,842 First fiscal year in the series	€ 304,447 Total debts 2024: € 304,447 ▼ 70% vs 2023 (€ 1,000,842) Favourable step	€ 1,278,985 Total debts 2025: € 1,278,985 ▲ € 974,538 vs 2024 (€ 304,447) Unfavourable step	€ 822,781 Total debts 2026: € 822,781 ▼ 36% vs 2025 (€ 1,278,985) Favourable step	▼ 36%
Cash	€ 1,370,377 Cash 2023: € 1,370,377 First fiscal year in the series	€ 2,325,047 Cash 2024: € 2,325,047 ▲ 70% vs 2023 (€ 1,370,377) Favourable step	€ 764,420 Cash 2025: € 764,420 ▼ 67% vs 2024 (€ 2,325,047) Unfavourable step	€ 3,285,114 Cash 2026: € 3,285,114 ▲ € 2.5 million vs 2025 (€ 764,420) Favourable step	▲ € 2.5 million
Retained profit	€ 2,225,864 Retained profit 2023: € 2,225,864 First fiscal year in the series	€ 2,661,688 Retained profit 2024: € 2,661,688 ▲ 20% vs 2023 (€ 2,225,864) Favourable step	€ 2,800,911 Retained profit 2025: € 2,800,911 ▲ 5% vs 2024 (€ 2,661,688) Favourable step	€ 3,512,142 Retained profit 2026: € 3,512,142 ▲ 25% vs 2025 (€ 2,800,911) Favourable step	▲ 25%
Dividend	€ 2,380,444 Dividend 2023: € 2,380,444 First fiscal year in the series	€ 300,000 Dividend 2024: € 300,000 ▼ 87% vs 2023 (€ 2,380,444) Unchanged	€ 1,000,000 Dividend 2025: € 1,000,000 ▲ 233% vs 2024 (€ 300,000) Unchanged	€ 250,000 Dividend 2026: € 250,000 ▼ 75% vs 2025 (€ 1,000,000) Unchanged	▼ 75%
Balance sheet total	€ 6,276,706 Balance sheet total 2023: € 6,276,706 First fiscal year in the series	€ 6,016,135 Balance sheet total 2024: € 6,016,135 ▼ 4% vs 2023 (€ 6,276,706) Unchanged	€ 7,129,896 Balance sheet total 2025: € 7,129,896 ▲ 19% vs 2024 (€ 6,016,135) Unchanged	€ 7,384,923 Balance sheet total 2026: € 7,384,923 ▲ 4% vs 2025 (€ 7,129,896) Unchanged	▲ 4%

Key figures of TERCOFIN, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 January 2028.

What happened to TERCOFIN?

What happened at TERCOFIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Johan GEMELS stepped down as director. NBB
2028 Vincent BRASSINNE stepped down as director. NBB
2028 NOVANDI SRL stepped down as director. NBB
2028 Nicolas LIMBIOUL stepped down as director. NBB
Sep 24, 2026 New annual accounts for financial year 2026: profit of € 961,231 (▼ 16% vs 2025). Source: NBB ↗
2022 Johan GEMELS became a director. NBB
2022 Vincent BRASSINNE became a director. NBB
2022 NOVANDI SRL became a director. NBB

In short

From € 2.1 million profit in 2023 to € 961,231 profit in 2026.

Paid € 3,181 in corporate taxes since 2023.

Best year ever: 2023, with € 2.1 million profit.

Paid out € 3.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

NOVANDI 83.8%

REGINA B. 10%

The stake of NOVANDI, REGINA B. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TERCOFIN

T.F.C 100%

TERCOFIN BARGING 100%

L.L.I 90%

EUROMETROPORTS 50%

The shares are held by NOVANDI (83.8%) and REGINA B. (10%). It owns 100% of T.F.C, 100% of TERCOFIN BARGING, 90% of L.L.I, 50% of EUROMETROPORTS and 50% of L.C.T. itself.

Directors

According to the 2026 annual accounts

Johan GEMELS

Managing director

Also active at: CLECAT (European Association for Forwarding, Transport, Logistics and Customs Services), REGINA B., EUROMETROPORTS, LIEGE LOGISTICS INTERMODAL, TRANSPORT FLUVIAL DE CONTENEURS, TERCOFIN BARGING, DP World Liège, LIEGE CONTAINER TERMINAL +1 more

since 2022 · until 2028

Vincent BRASSINNE

Director

Also active at: Société Industrielle de Renory, LIEGE LOGISTICS INTERMODAL, TRANSPORT FLUVIAL DE CONTENEURS, VERSUS, TERCOFIN BARGING, ALINEAS SERVICES, DP World Liège, LIEGE CONTAINER TERMINAL

since 2022 · until 2028

NOVANDI SRL

Director · represented by Philippe PORTIER

Also active at: Société Industrielle de Renory, ATRIUM NOVANDI, VERSUS

since 2022 · until 2028

Nicolas LIMBIOUL

Managing director

Also active at: LIBACHOT

since 2022 · until 2028

Shareholders

NOVANDI

83.8%

REGINA B.

10%

Participations

100%

100%

90%

50%

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Renory 501 box A

4031 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

TERCOFIN BARGING same network

€ 2.8 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0664.878.481

VAT number

BE 0664.878.481

Registered office

Rue de Renory 501 bus A, 4031 Liège

Names & denominations

TERCOFIN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

21 October 2016

Peppol

Active · Active since 5 Jan 2026

Activities · NACE

Activiteiten van holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

TERCOFIN

Financials

What happened to TERCOFIN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions