Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TEP III HOLDING from Leuven, company number BE0874125396, closed financial year 2025 with a result of € 897,943 after tax. For that financial year TEP III HOLDING recorded a gross margin of € 661,112 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 201,375 to € 897,943. 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 June 8, 2026.
€ 3.1 million
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 897,943
▲ € 696,567 vs 2024
Profit after tax over the fiscal year.
€ 24,588
▼ 5% 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 € 3 million.
People and assets in 2025
2
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 86,350
▲ 38% vs 2024
€ 43,200 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.
€ 6,072
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.2 million
▼ 17% vs 2024
€ 150,840 is repaid this year. At this pace the long-term loan is gone in ≈ 28 years.
€ 33,215
▲ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,206
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 797,473 | € 729,168 | € 609,408 | € 661,112 | ▲ 8% |
| Profit after taxes | € 432,915 | € 1,399,905 | € 201,375 | € 897,943 | ▲ € 696,567 |
| Equity | € 736,951 | € 2,136,856 | € 2,173,232 | € 3,071,175 | ▲ 41% |
| Total debts | € 7,151,277 | € 5,613,294 | € 5,692,969 | € 4,653,232 | ▼ 18% |
| Cash | € 89,771 | € 12 | € 25,920 | € 24,588 | ▼ 5% |
| Land & buildings | € 3,567,491 | € 3,450,297 | € 3,541,082 | € 3,455,475 | ▼ 2% |
| Retained profit | € 674,951 | € 2,074,856 | € 2,111,232 | € 3,009,175 | ▲ 43% |
| Dividend | € 0 | € 0 | € 165,000 | € 0 | ▼ 100% |
| Bank debt | € 6,572,551 | € 5,203,343 | € 5,022,636 | € 4,166,282 | ▼ 17% |
| Balance sheet total | € 7,888,227 | € 7,750,151 | € 7,866,201 | € 7,724,407 | ▼ 2% |
| Employees (FTE) | 1.5 | 1.5 | 1.9 | 2 | ▲ 0.1 |
Key figures of TEP III HOLDING, 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 TEP III HOLDING?
What happened at TEP III HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koen De Vos stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 897,943 (▲ € 696,567 vs 2024). Source: NBB ↗
- New establishment in Leuven. KBO
- Koen De Vos became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 432,915 profit in 2022 to € 897,943 profit in 2025.
Paid € 62,929 in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
On average € 330,600 of value added per employee in 2025.
A new publication or filing at TEP III HOLDING? 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
It owns 100% of TEP III Industrial Properties Belgium itself.
Directors
According to the 2025 annual accounts
Koen De Vos
Director
Also active at: TEP III Industrial Properties Belgium, ISIS PROJECTS, PlanBuilt, Mandala Realty
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Wijnbergenstraat 36
3010 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →TEP III Industrial Properties Belgium same network
€ 612,257 gross margin · 2025
DILLINO
IMMO PALATINO
LOKADEF
ISIS PROJECTS same network
€ 67,381 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.125.396
- VAT number
- BE 0874.125.396
- Registered office
- Wijnbergenstraat 36, 3010 Leuven
- Names & denominations
- TEP III HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2005
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen