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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Texel Europe from Elsene, company number BE0714960175, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year Texel Europe recorded revenue of € 24.6 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 2.3 million to € 4.5 million. 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 August 28, 2026.
€ 9.4 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.5 million
▲ 95% vs 2024
Profit after tax over the fiscal year.
€ 25.1 million
▲ 124% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.3 million paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
3.5
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 29% vs 2024
€ 316,400 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.
€ 30,651
▲ € 27,264 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.
€ 19.5 million
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 418 days on average.
€ 1.1 million
▲ 229% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 18,096,866 | € 24,614,574 | ▲ 36% |
| Gross margin | € 8,377,474 | € 4,188,836 | - | - | |
| Profit after taxes | € 2,226,205 | € 2,741,493 | € 2,317,776 | € 4,523,241 | ▲ 95% |
| Equity | € 4,139,296 | € 6,880,789 | € 9,198,565 | € 9,399,576 | ▲ 2% |
| Total debts | € 12,830,098 | € 8,153,092 | € 17,918,106 | € 31,540,403 | ▲ 76% |
| Cash | € 7,584,307 | € 7,590,773 | € 11,192,192 | € 25,091,971 | ▲ 124% |
| Retained profit | € 4,120,746 | € 6,862,239 | € 9,180,015 | € 9,381,026 | ▲ 2% |
| Dividend | € 0 | € 0 | € 0 | € 4,300,000 | |
| Balance sheet total | € 16,969,394 | € 15,033,881 | € 27,116,672 | € 40,939,979 | ▲ 51% |
| Employees (FTE) | 0.8 | 0.9 | 2.8 | 3.5 | ▲ 0.7 |
Key figures of Texel Europe, 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 Texel Europe?
What happened at Texel Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.5 million (▲ 95% vs 2024). filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Andrew Lennard became a director. NBB
- Matthew Saxon Riley became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2.2 million profit in 2022 to € 4.5 million profit in 2025.
Paid € 5.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 4.5 million profit.
Paid out € 4.3 million in dividends to the owners in total.
A new publication or filing at Texel Europe? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Texel Europe are Andrew Lennard and Matthew Saxon Riley. It owns 100% of Texel Europe SAS itself.
Directors
According to the 2025 annual accounts
Andrew Lennard
Director
since 2018
Matthew Saxon Riley
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0714.960.175
- VAT number
- BE 0714.960.175
- Registered office
- Louizalaan 54, 1050 Elsene
- Names & denominations
- Texel Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2018
- Peppol
- Not registered
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars