ACTIVE

TEFCO Group

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Financial year 2025 · closed on 31/12/2025

Net result

-129 k €

+90.0% YoY

Revenue

76,2 M €

-1.3% YoY

Equity

14,5 M €

-0.9% YoY

Workforce

126,0 ETP

-10.8% YoY

What does TEFCO Group do?

TEFCO Group is a Public limited company incorporated in 1954. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Hasselt. It employs on average 126,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.953.260

Incorporation

28/12/1954

Legal form

Public limited company

Registered office

Schampbergstraat 32
3511 Hasselt · FlandreSee on map

Contributed capital

9 044 083,65 €

Latest accounts

31/12/2025

Average workforce

126,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 47529Retail sale of hardware, paints and glass in specialised stores 47529Retail sale of hardware, paints and glass in specialised stores 51532Air transport

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	76,2 M €	-1.3%	77,3 M €	-16.5%	92,6 M €	-3.7%	96,1 M €	+5.4%	91,2 M €	+24.8%	73,1 M €	+1.7%	71,9 M €	+16.0%	62 M €	-6.7%	66,4 M €	+20.4%	55,2 M €	+10.9%	49,7 M €	+0.2%	49,6 M €	+13.7%	43,6 M €	+7.2%	40,7 M €	-6.2%	43,4 M €	+6.5%	40,7 M €	+5.2%	38,7 M €	-7.6%	41,9 M €	+4164%	982 k €		–
EBITDA	-1,2 M €	+19.5%	-1,4 M €	-151%	2,8 M €	-28.9%	3,9 M €	-32.9%	5,9 M €	+131%	2,5 M €	+47.9%	1,7 M €	+11.4%	1,5 M €	-50.7%	3,1 M €	+37.6%	2,3 M €	+65.6%	1,4 M €	-28.7%	1,9 M €	+123%	865,3 k €	+179%	309,6 k €	-59.4%	762,2 k €	+1235%	57,1 k €	+121%	-266,8 k €	-111%	2,5 M €	+2792%	85,9 k €	-78.5%	400,1 k €
Operating result	-887,6 k €	+53.2%	-1,9 M €	-186%	2,2 M €	-22.0%	2,8 M €	-37.0%	4,5 M €	+119%	2 M €	+156%	800,5 k €	-28.7%	1,1 M €	-58.0%	2,7 M €	+70.0%	1,6 M €	+207%	511,9 k €	-52.9%	1,1 M €	+150%	433,6 k €	-14.6%	507,6 k €	+16088%	-3,2 k €	+99.8%	-1,3 M €	+24.2%	-1,7 M €	-234%	1,3 M €	+1054%	-132,8 k €	-160%	220,3 k €
Net result	-129 k €	+90.0%	-1,3 M €	-153%	2,4 M €	+188%	-2,7 M €	-169%	4 M €	+95.6%	2 M €	+102%	1 M €	-14.7%	1,2 M €	-45.6%	2,2 M €	+8.9%	2 M €	+84.2%	1,1 M €	-14.3%	1,3 M €	+825%	-173,2 k €	-141%	421,9 k €	+185%	-493,8 k €	+66.7%	-1,5 M €	+23.1%	-1,9 M €	-128%	6,8 M €	+11291%	59,8 k €	-81.6%	324,6 k €
Balance sheet
Equity	14,5 M €	-0.9%	14,6 M €	-8.1%	15,9 M €	+3.6%	15,4 M €	-15.0%	18,1 M €	+5.7%	17,1 M €	+5.3%	16,3 M €	+1.6%	16 M €	+1.9%	15,7 M €	+3.6%	15,2 M €	+6.7%	14,2 M €	+8.2%	13,1 M €	+10.6%	11,9 M €	-1.4%	12,1 M €	+3.6%	11,6 M €	+66.5%	7 M €	-17.5%	8,5 M €	-18.5%	10,4 M €	+110%	5 M €	+1.2%	4,9 M €
Total assets	30,8 M €	+4.3%	29,6 M €	-17.1%	35,6 M €	-0.4%	35,8 M €	+0.2%	35,7 M €	+32.7%	26,9 M €	-8.7%	29,5 M €	+0.6%	29,3 M €	+6.8%	27,4 M €	+13.1%	24,2 M €	+14.1%	21,2 M €	-5.1%	22,4 M €	-0.6%	22,5 M €	+8.3%	20,8 M €	-12.8%	23,9 M €	+11.2%	21,5 M €	+7.5%	20 M €	-17.8%	24,3 M €	+280%	6,4 M €	-7.8%	6,9 M €
Cash	2,5 M €	+3556%	68,2 k €	-12.0%	77,5 k €	-96.7%	2,4 M €	-19.9%	3 M €		–		13,2 k €	-54.5%	29 k €	-54.0%	63 k €	+27.7%	49,4 k €	-26.7%	67,4 k €	+146%	27,4 k €	-47.9%	52,5 k €	+44.7%	36,3 k €	-24.5%	48,1 k €	-50.6%	97,3 k €	+183%	34,4 k €	-97.1%	1,2 M €	+39.7%	835,1 k €	-20.2%	1 M €
Debts	16,1 M €	+10.4%	14,6 M €	-24.9%	19,4 M €	-3.7%	20,2 M €	+15.8%	17,4 M €	+81.8%	9,6 M €	-27.4%	13,2 M €	-0.2%	13,2 M €	+13.9%	11,6 M €	+29.4%	9 M €	+29.1%	7 M €	-18.9%	8,6 M €	-11.9%	9,7 M €	+13.5%	8,6 M €	-28.6%	12 M €	-15.4%	14,2 M €	+26.1%	11,3 M €	-17.2%	13,6 M €	+1034%	1,2 M €	-32.7%	1,8 M €
Other
Workforce	126,0 ETP	-10.8%	141,3 ETP	-3.3%	146,1 ETP	+11.7%	130,8 ETP	+10.3%	118,6 ETP	+0.5%	118,0 ETP	-0.4%	118,5 ETP	+11.0%	106,8 ETP	+23.8%	86,3 ETP	+4.1%	82,9 ETP	+0.2%	82,7 ETP	+24.9%	66,2 ETP	+3.4%	64,0 ETP	-4.2%	66,8 ETP	+3.2%	64,7 ETP	-1.7%	65,8 ETP	-4.6%	69,0 ETP	-14.8%	81,0 ETP	+1025%	7,2 ETP	+10.8%	6,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 40 ended

Active mandates

AIRLAU

Director · since 08 mai 2026 · until 14 mai 2032 · 0805.145.827

Represented by Hervé De Keuleneer

Active

BlumCo

Director · since 08 mai 2026 · until 14 mai 2032 · 0599.969.348

Represented by Laurent Blumberg

Active

BSMN MANAGEMENT

Managing director · since 08 mai 2026 · until 14 mai 2032 · 1037.122.515

Represented by Benoit Rijobert

Active

PONSARDIN INDUSTRIES

Director · since 08 mai 2026 · until 14 mai 2032 · 0738.622.138

Represented by Thibaud Caulier

Active

Laurent Blumberg

Director · since 03 novembre 2025 · until 08 mai 2026

Active

Thibaud Caulier

Director · since 03 novembre 2025 · until 08 mai 2026

Active

SAINT-GOBAIN BENELUX

Director · since 16 mai 2025 · until 03 novembre 2025 · 0434.284.638

Represented by Emmanuelle Voisine

Active

Richard Juggery

Director · since 01 juillet 2022 · until 03 novembre 2025

Active

Quentin Walckiers

Director · since 20 juillet 2021 · until 03 novembre 2025

Active

Ended mandates

Richard Juggery

Director · since 01 juillet 2022 · until 30 juin 2028

Ended

Fabrice Didier

Director · since 20 juillet 2021 · until 30 juin 2022

Ended

Fabrice Didier

Director · since 20 juillet 2021 · until 14 mai 2027

Ended

Quentin Walckiers

Director · since 20 juillet 2021 · until 14 mai 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	04/06/2025	11/07/2024	07/06/2023	04/04/2023	23/06/2021
General meeting	30/06/2026	16/05/2025	14/06/2024	31/05/2023	13/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	07/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	13/05/2022	04/04/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	08/05/2020	19/05/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	08/06/2018	Dutch	PDF
Full modelCorrection	31/12/2016	11/04/2017	15/11/2017	Dutch	PDF
Full model	31/12/2016	11/04/2017	22/05/2017	Dutch	PDF
Full model	31/12/2015	15/03/2016	13/05/2016	Dutch	PDF
Full model	31/12/2014	17/03/2015	24/04/2015	Dutch	PDF
Full model	31/12/2013	18/03/2014	12/05/2014	Dutch	PDF
Full model	31/12/2012	09/04/2013	23/04/2013	Dutch	PDF
Full model	31/12/2011	20/03/2012	19/04/2012	Dutch	PDF
Full model	31/12/2010	09/05/2011	08/06/2011	Dutch	PDF
Full model	31/12/2009	06/04/2010	26/04/2010	Dutch	PDF
Full modelCorrection	31/12/2008	17/07/2009	30/12/2009	Dutch	PDF
Full model	31/12/2008	17/07/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	10/04/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 40 ended

Active mandates

AIRLAU

Director · since 08 mai 2026 · until 14 mai 2032 · 0805.145.827

Represented by Hervé De Keuleneer

Active

BlumCo

Director · since 08 mai 2026 · until 14 mai 2032 · 0599.969.348

Represented by Laurent Blumberg

Active

BSMN MANAGEMENT

Managing director · since 08 mai 2026 · until 14 mai 2032 · 1037.122.515

Represented by Benoit Rijobert

Active

PONSARDIN INDUSTRIES

Director · since 08 mai 2026 · until 14 mai 2032 · 0738.622.138

Represented by Thibaud Caulier

Active

Laurent Blumberg

Director · since 03 novembre 2025 · until 08 mai 2026

Active

Thibaud Caulier

Director · since 03 novembre 2025 · until 08 mai 2026

Active

SAINT-GOBAIN BENELUX

Director · since 16 mai 2025 · until 03 novembre 2025 · 0434.284.638

Represented by Emmanuelle Voisine

Active

Richard Juggery

Director · since 01 juillet 2022 · until 03 novembre 2025

Active

Quentin Walckiers

Director · since 20 juillet 2021 · until 03 novembre 2025

Active

Ended mandates

Richard Juggery

Director · since 01 juillet 2022 · until 30 juin 2028

Ended

Fabrice Didier

Director · since 20 juillet 2021 · until 30 juin 2022

Ended

Fabrice Didier

Director · since 20 juillet 2021 · until 14 mai 2027

Ended

Quentin Walckiers

Director · since 20 juillet 2021 · until 14 mai 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other23/09/2026
—
PDF
Other23/09/2026
—
PDF
Other18/09/2026
DIVERSEN
PDF
Other18/09/2026
DIVERSEN
PDF
Capital / shares27/08/2026
KAPITAAL, AANDELEN
PDF
Capital / shares27/08/2026
KAPITAAL, AANDELEN
PDF
Mandates08/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-129 k €↑
2025
Name changeTEFCO Group
2024
Annual accounts 2024-1,3 M €↓
2023
Annual accounts 20232,4 M €↑
2023
Name changeSFIC
2022
Annual accounts 2022-2,7 M €↓
2021
Annual accounts 20214 M €↑
2020
Annual accounts 20202 M €↑
2019
Annual accounts 20191 M €↓
2018
Annual accounts 20181,2 M €↓
2017
Annual accounts 20172,2 M €↑
2016
Annual accounts 20162 M €↑
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013-173,2 k €↓
2012
Annual accounts 2012421,9 k €↑
2011
Annual accounts 2011-493,8 k €↑
2010
Annual accounts 2010-1,5 M €↑
2009
Annual accounts 2009-1,9 M €↓
2008
Annual accounts 20086,8 M €↑
2007
Annual accounts 200759,8 k €↓
2007
Name changeJANS BUILDING DISTRIBUTION
2006
Annual accounts 2006324,6 k €
2006
Name changeJans en Zonen
28/12/1954
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TEFCO Group

Overview

What does TEFCO Group do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline