Financials
Financial year 2025
TERPENTIJN from Bilzen-Hoeselt, company number BE0844500212, closed financial year 2025 with a result of € 60,023 after tax. For that financial year TERPENTIJN recorded a gross margin of € 788,446 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 209,953 to € 60,023. The company is profitable. 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 August 31, 2026.
€ 1.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,023
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 137,243
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
6
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 419,323
▼ 13% vs 2024
€ 69,900 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.
€ 53,729
▼ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 12% vs 2024
€ 190,516 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 636,785
▲ 134% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 63,108
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 970,293 | € 1,176,965 | € 942,426 | € 788,446 | ▼ 16% |
| Profit after taxes | € 308,943 | € 317,243 | € 209,953 | € 60,023 | ▼ 71% |
| Equity | € 1,108,475 | € 1,425,718 | € 1,635,671 | € 1,595,695 | ▼ 2% |
| Total debts | € 1,026,779 | € 2,421,704 | € 2,323,642 | € 2,434,162 | ▲ 5% |
| Cash | € 40,287 | € 71,248 | € 149,131 | € 137,243 | ▼ 8% |
| Land & buildings | € 437,771 | € 2,636,002 | € 2,816,340 | € 2,682,543 | ▼ 5% |
| Retained profit | € 1,088,475 | € 1,405,718 | € 1,615,671 | € 1,575,695 | ▼ 2% |
| Dividend | € 0 | € 0 | € 0 | € 100,000 | |
| Bank debt | € 548,564 | € 1,890,197 | € 1,970,787 | € 1,734,269 | ▼ 12% |
| Balance sheet total | € 2,181,858 | € 3,893,638 | € 4,053,142 | € 4,118,726 | ▲ 2% |
| Employees (FTE) | 7 | 7.1 | 7.4 | 6 | ▼ 1.4 |
Key figures of TERPENTIJN, 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 TERPENTIJN?
What happened at TERPENTIJN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 60,023 (▼ 71% vs 2024). filed late Source: NBB ↗
- New establishment in Bilzen-Hoeselt. KBO
- New establishment in Bilzen-Hoeselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 308,943 profit in 2022 to € 60,023 profit in 2025.
Paid € 261,146 in corporate taxes since 2022.
Best year ever: 2023, with € 317,243 profit.
On average € 131,400 of value added per employee in 2025.
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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 TERPENTIJN is Gert Marie Panjaar. Gert Marie Panjaar is also behind MP CONCEPTS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Pasweg 8B
3740 Bilzen-Hoeselt
Ooievaar 24
3740 Bilzen-Hoeselt
Active since 19 September 2017
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
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Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0844.500.212
- VAT number
- BE 0844.500.212
- Registered office
- Pasweg 8B, 3740 Bilzen-Hoeselt
- Names & denominations
- TERPENTIJN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2012
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- terpentijn.be +32 89 391 544
- Activities · NACE
Schilderen van gebouwen
Overige werkzaamheden in verband met de afwerking van gebouwen
Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
Installatie van isolatie
Overige bouwinstallatie
Bouw van autowegen en andere wegen
Overige bouwinstallatie, n.e.g.
Isolatiewerkzaamheden