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 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T-POWER from Elsene, company number BE0875650771, closed financial year 2025 with a result of € 29.3 million after tax. For that financial year T-POWER recorded revenue of € 77.9 million and equity of € 74.4 million. Compared with financial year 2024, the result moved from € 25.3 million to € 29.3 million. 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 July 3, 2026.
€ 74.4 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29.3 million
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 18.5 million
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 23.4 million paid out
80 % of the profit went to the shareholders, mostly to Tessenderlo Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 2,114
▼ 77% vs 2024
€ 2,100 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.
€ 100
▼ 97% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12.9 million
▼ 67% vs 2024
Loans from banks and other lenders, long and short.
€ 10.3 million
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 191 days on average.
€ 3.4 million
▲ 115% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 69,459,749 | € 82,301,020 | € 74,400,875 | € 77,921,925 | ▲ 5% |
| Profit after taxes | € 20,682,056 | € 29,741,153 | € 25,260,588 | € 29,336,925 | ▲ 16% |
| Equity | € 46,055,460 | € 58,496,614 | € 68,438,603 | € 74,375,528 | ▲ 9% |
| Total debts | € 140,182,686 | € 118,840,162 | € 62,839,727 | € 44,172,172 | ▼ 30% |
| Cash | € 1,415,467 | € 19,230,675 | € 12,128,478 | € 18,509,502 | ▲ 53% |
| Land & buildings | € 6,555,392 | € 5,917,694 | € 6,445,633 | € 5,650,467 | ▼ 12% |
| Retained profit | € 14,163,526 | € 26,604,679 | € 36,546,669 | € 42,483,594 | ▲ 16% |
| Dividend | € 10,364,034 | € 17,300,000 | € 21,300,000 | € 23,400,000 | ▲ 10% |
| Bank debt | € 115,800,000 | € 90,066,666 | € 38,600,000 | € 12,866,666 | ▼ 67% |
| Balance sheet total | € 191,238,147 | € 182,336,775 | € 136,278,330 | € 123,547,701 | ▼ 9% |
| Employees (FTE) | 3 | 3 | 1 | 1 |
Key figures of T-POWER, fiscal years 2021 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 T-POWER?
What happened at T-POWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Tack stepped down as director. NBB
- Miguel de Potter stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 29.3 million (▲ 16% vs 2024). Source: NBB ↗
- Anne Mieke Vanwalleghem stepped down as director. NBB
- Luc Tack became a director. NBB
- Miguel de Potter became a director. NBB
- Anne Mieke Vanwalleghem became a director. NBB
- New establishment in Elsene. KBO
In short
From € 20.7 million profit in 2021 to € 29.3 million profit in 2025.
Paid € 35.3 million in corporate taxes since 2021.
Best year ever: 2022, with € 29.7 million profit.
Paid out € 72.4 million in dividends to the owners in total.
Management
The stake of Tessenderlo Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T-POWERThe shares are held by Tessenderlo Group (100%).
Directors
According to the 2025 annual accounts
Miguel de Potter
Director
Also active at: TESSENDERLO CHEMIE INTERNATIONAL, CHIRMONT, Tessenderlo Investment, TESSENDERLO DEVELOPMENT SERVICES, T-Power Energy Services
since 2024 · until 2029
since 2020 · until 2026
Luc Tack
Managing director
Also active at: Syndicaat van Belgische Textielmachinebouwers, JULES CLARYSSE, PICANOL, MELOTTE, TESSENDERLO CHEMIE INTERNATIONAL, Tessenderlo Group, Tack Water Services, BEGOOS +24 more
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Troonstraat 130
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →TESSENDERLO CHEMIE INTERNATIONAL same network
Tessenderlo Group same network
€ 513.9 million revenue · 2025
Fonds de Pension Limbourg Chimie - Pensioenfonds Limburg Chemie
Tessenderlo Investment same network
TESSENDERLO DEVELOPMENT SERVICES same network
€ -4,179 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
tessenderlo.com
Registered
1996-12-05
Registrar
Combell NV
Expires
2026-12-04
Website info
Features
Security
Details
- Company number
- 0875.650.771
- VAT number
- BE 0875.650.771
- Registered office
- Troonstraat 130, 1050 Elsene
- Names & denominations
- T-POWER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2005
- Peppol
- Active · Active since 11 Jun 2026
- Contact
- tessenderlo.com
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
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