Financials
Financial year 2025
Tennant Solutions from Mechelen, company number BE0808289518, closed financial year 2025 with a result of € 852,255 after tax. For that financial year Tennant Solutions recorded a gross margin of € 4.7 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 1.1 million to € 852,255. 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 July 23, 2026.
€ 4.4 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 852,255
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 94,470
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.4 million.
People and assets in 2025
62.5
▼ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▼ 2% vs 2024
€ 52,600 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.
€ 148,341
▼ 3% vs 2024
Of which on lease € 67,406.
Debts at end 2025
€ 261,568
▲ 33% vs 2024
€ 28,248 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.3 million
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 531,351
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,401,541 | € 4,588,486 | € 5,035,140 | € 4,706,598 | ▼ 7% |
| Profit after taxes | € 413,744 | € 932,891 | € 1,082,665 | € 852,255 | ▼ 21% |
| Equity | € 1,564,377 | € 2,497,268 | € 3,579,933 | € 4,432,187 | ▲ 24% |
| Total debts | € 1,069,820 | € 1,168,900 | € 1,947,078 | € 2,340,098 | ▲ 20% |
| Cash | € 139,263 | € 560,041 | € 628,650 | € 94,470 | ▼ 85% |
| Retained profit | € 1,556,877 | € 2,489,768 | € 3,572,433 | € 4,424,687 | ▲ 24% |
| Bank debt | € 193,445 | € 302,369 | € 197,296 | € 261,568 | ▲ 33% |
| Balance sheet total | € 2,634,196 | € 3,666,168 | € 5,527,011 | € 6,772,286 | ▲ 23% |
| Employees (FTE) | 58.4 | 63.9 | 69 | 62.5 | ▼ 6.5 |
Key figures of Tennant Solutions, 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 Tennant Solutions?
What happened at Tennant Solutions in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 852,255 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Mechelen. KBO
- TENNANT PACKAGING CORPORATION became a director. NBB
- Matthew Tennant became a director. NBB
- New establishment in Mechelen. KBO
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 413,744 profit in 2022 to € 852,255 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
On average € 75,300 of value added per employee in 2025.
Management
Behind Tennant Solutions are TENNANT PACKAGING CORPORATION and Matthew Tennant.
Directors
According to the 2025 annual accounts
TENNANT PACKAGING CORPORATION
Director · represented by Kurt Tennant
since 2023
Matthew Tennant
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Egide Walschaertsstraat 2 box b
2800 Mechelen
Kruisbaan 64
2800 Mechelen
Active since 1 January 2009
De Regenboog 5R
2800 Mechelen
Active since 1 December 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →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
AMAZON-02 - Amazon.com, Inc., US
DNS
GoDaddy DNS
Domain
Domain
tennantpackaging.com
Registered
2013-02-15
Registrar
GoDaddy.com, LLC
Expires
2032-02-15
Website info
Features
Security
Details
- Company number
- 0808.289.518
- VAT number
- BE 0808.289.518
- Registered office
- Egide Walschaertsstraat 2 bus b, 2800 Mechelen
- Names & denominations
- Tennant Solutions
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2008
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- tennantpackaging.com
- Activities · NACE
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Activiteiten van verpakkingsbedrijven
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