Financials
Financial year 2025
Terwatec from Oudenburg, company number BE0833707971, closed financial year 2025 with a result of € 10,144 after tax. For that financial year Terwatec recorded a gross margin of € 12,117 and equity of € 49,681. Compared with financial year 2024, the result moved from € 6,966 to € 10,144. Profitable, and profit is growing. 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 March 11, 2026.
€ 49,681
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,144
▲ 46% vs 2024
Profit after tax over the fiscal year.
€ 2,587
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 29,221.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 5,275
▲ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 707
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,297
▲ 33% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,255 | € 896 | € 9,427 | € 12,117 | ▲ 29% |
| Profit after taxes | € 11,484 | € -1,920 | € 6,966 | € 10,144 | ▲ 46% |
| Equity | € 34,491 | € 32,571 | € 39,537 | € 49,681 | ▲ 26% |
| Total debts | € 15,855 | € 10,145 | € 8,405 | € 7,601 | ▼ 10% |
| Cash | € 3,271 | € 3,094 | € 2,587 | € 2,587 | |
| Retained profit | € 15,891 | € 12,111 | € 19,077 | € 29,221 | ▲ 53% |
| Bank debt | € 3,896 | € 7,615 | € 4,643 | € 5,275 | ▲ 14% |
| Balance sheet total | € 50,346 | € 42,716 | € 47,942 | € 57,282 | ▲ 19% |
Key figures of Terwatec, 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 Terwatec?
What happened at Terwatec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,144 (▲ 46% vs 2024). Source: NBB ↗
- New establishment in Wetteren. KBO
- New establishment in Oudenburg. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,484 profit in 2022 to € 10,144 profit in 2025.
Best year ever: 2022, with € 11,484 profit.
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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
The stake of KARPELHOF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TerwatecBehind Terwatec is Serge De Vuyst. The shares are held by KARPELHOF (27%).
Directors
According to the 2025 annual accounts
Shareholders
27%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vijfwegstraat 76 box E
8460 Oudenburg
Kasteeldreef 5 A
9230 Wetteren
Active since 15 November 2011
Vijfwegstraat 76 E
8460 Oudenburg
Active since 10 February 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0833.707.971
- VAT number
- BE 0833.707.971
- Registered office
- Vijfwegstraat 76 bus E, 8460 Oudenburg
- Names & denominations
- Terwatec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 2011
- Peppol
- Active · Active since 17 Dec 2025
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