ACTIVE

TERCOBEL

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Financial year 2025 · closed on 30/06/2025

Net result

681,2 k €

+33.4% YoY

Gross margin

409,8 k €

+8.7% YoY

Equity

3,2 M €

+27.1% YoY

Workforce

1,0 ETP

0.0% YoY

What does TERCOBEL do?

TERCOBEL is a Private limited company incorporated in 1987. Its main activity is: Activities of holding companies. Its registered office is in Rumst. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.405.925

Incorporation

27/01/1987

Legal form

Private limited company

Registered office

Kruislei 12
2840 Rumst · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 74151Specialised design activities

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	409,8 k €	+8.7%	376,9 k €	+3.4%	364,6 k €	+16.2%	313,7 k €	+4.7%	299,6 k €	-1.4%	304 k €	+0.3%	303,1 k €	+76.8%	171,5 k €	+14.5%	149,8 k €	+9.7%	136,6 k €	-11.1%	153,6 k €	+9.7%	140 k €	+9.7%	127,7 k €	+9.8%	116,3 k €	-5.8%	123,4 k €	-7.7%	133,8 k €	-4.5%	140,2 k €	-9.9%	155,6 k €
EBITDA	340,6 k €	+10.7%	307,6 k €	+2.7%	299,6 k €	+19.1%	251,5 k €	+5.0%	239,5 k €	-2.1%	244,6 k €	-1.9%	249,3 k €	+116%	115,3 k €	+24.3%	92,7 k €	+13.8%	81,5 k €	-6.3%	87 k €	+5.1%	82,7 k €	+16.2%	71,2 k €	+6.7%	66,7 k €	-11.6%	75,5 k €	-12.8%	86,6 k €	-8.8%	95 k €	-28.1%	132,1 k €
Operating result	337,8 k €	+10.5%	305,7 k €	+2.6%	297,9 k €	+18.7%	251 k €	+5.1%	238,8 k €	-2.1%	244 k €	+14.7%	212,8 k €	+103%	104,8 k €	+13.0%	92,7 k €	+14.3%	81,2 k €	-4.3%	84,8 k €	+5.3%	80,5 k €	+31.9%	61,1 k €	+7.9%	56,6 k €	-13.9%	65,7 k €	-16.4%	78,7 k €	-9.6%	87 k €	-34.1%	132,1 k €
Net result	681,2 k €	+33.4%	510,7 k €	+7.9%	473,2 k €	+190%	163,4 k €	-58.9%	397,4 k €	+116%	184,2 k €	+11.2%	165,6 k €	+50.3%	110,2 k €	-60.1%	275,9 k €	+134%	117,8 k €	-64.1%	328,3 k €	-3.2%	339,3 k €	-34.9%	520,8 k €	+1170%	41 k €	-18.8%	50,5 k €	-3.1%	52,1 k €	-14.7%	61,1 k €	-35.2%	94,4 k €
Balance sheet
Equity	3,2 M €	+27.1%	2,5 M €	+8.1%	2,3 M €	-43.0%	4,1 M €	-4.1%	4,3 M €	+18.9%	3,6 M €	+5.4%	3,4 M €	+5.1%	3,2 M €	+3.5%	3,1 M €	+9.7%	2,8 M €	+4.3%	2,7 M €	+4.1%	2,6 M €	+14.9%	2,3 M €	+29.6%	1,8 M €	+2.4%	1,7 M €	+3.0%	1,7 M €	+3.2%	1,6 M €	+3.9%	1,6 M €
Total assets	4,1 M €	+10.2%	3,7 M €	+7.9%	3,4 M €	-30.6%	4,9 M €	-3.1%	5,1 M €	+15.4%	4,4 M €	+4.8%	4,2 M €	+3.6%	4,1 M €	+2.3%	4 M €	+6.5%	3,7 M €	+4.9%	3,6 M €	+3.5%	3,4 M €	+11.1%	3,1 M €	+20.7%	2,6 M €	+2.0%	2,5 M €	+1.4%	2,5 M €	+0.9%	2,5 M €	+4.8%	2,3 M €
Cash	647,2 k €	+165%	244,2 k €	-55.3%	546,1 k €	-40.0%	910,6 k €	-37.0%	1,4 M €	+36.5%	1,1 M €	-15.1%	1,2 M €	+93.6%	644,3 k €	+15.6%	557,4 k €	+59.9%	348,6 k €	-25.4%	467,3 k €	+28.5%	363,6 k €	+74.4%	208,5 k €	-38.0%	336,2 k €	-5.7%	356,4 k €	+24015%	1,5 k €	-91.9%	18,2 k €	-70.2%	61 k €
Debts	842,5 k €	-26.5%	1,1 M €	+6.8%	1,1 M €	+34.4%	798,9 k €	-1.6%	811,7 k €	+1.6%	798,6 k €	+2.0%	782,8 k €	-2.6%	804 k €	-2.5%	824,6 k €	-3.8%	857,1 k €	+7.0%	800,9 k €	+1.7%	787,7 k €	+0.4%	784,4 k €	-1.6%	797,5 k €	+1.2%	788,4 k €	-1.9%	803,6 k €	-3.6%	833,3 k €	+6.6%	781,7 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 15 ended

Active mandates

Dirk Van den Bossche

Director

Active

Ingrid Van Cauter

Director

Active

Ended mandates

Ingrid Van Cauter

Director · since 12 novembre 2012 · until 13 novembre 2017

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van den Bossche

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van Den Bossche

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van den Bossche

Ended

At this address

Other companies at this address

Company	CBE no.
Ferrobel● Active	0758.909.984
Thonic● Active	0758.947.893

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/12/2025	30/01/2025	30/01/2024	26/01/2023	31/01/2022	29/01/2021
General meeting	10/11/2025	12/11/2024	13/11/2023	14/11/2022	08/11/2021	09/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	10/11/2025	22/12/2025	Dutch	PDF
Abridged model	30/06/2024	12/11/2024	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	13/11/2023	30/01/2024	Dutch	PDF
Abridged model	30/06/2022	14/11/2022	26/01/2023	Dutch	PDF
Abridged model	30/06/2021	08/11/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	09/11/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	12/11/2019	14/01/2020	Dutch	PDF
Abridged model	30/06/2018	12/11/2018	14/01/2019	Dutch	PDF
Abridged model	30/06/2017	13/11/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	14/11/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	02/11/2015	20/01/2016	Dutch	PDF
Abridged model	30/06/2014	10/11/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	12/11/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	12/11/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	14/11/2011	31/01/2012	Dutch	PDF
Abridged model	30/06/2010	08/11/2010	28/01/2011	Dutch	PDF
Abridged model	30/06/2009	09/11/2009	29/01/2010	Dutch	PDF
Abridged model	30/06/2008	10/11/2008	06/02/2009	Dutch	PDF
Abridged model	30/06/2007	12/11/2007	29/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 2 active · 15 ended

Active mandates

Dirk Van den Bossche

Director

Active

Ingrid Van Cauter

Director

Active

Ended mandates

Ingrid Van Cauter

Director · since 12 novembre 2012 · until 13 novembre 2017

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van den Bossche

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van Den Bossche

Ended

Werkhuizen Van Den Bossche

Director · since 12 novembre 2012 · until 13 novembre 2017 · 0403.626.205

Represented by Dirk Van den Bossche

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates25/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates17/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2007
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025681,2 k €↑
2024
Annual accounts 2024510,7 k €↑
2023
Annual accounts 2023473,2 k €↑
2022
Annual accounts 2022163,4 k €↓
2021
Annual accounts 2021397,4 k €↑
2019
Annual accounts 2019184,2 k €↑
2018
Annual accounts 2018165,6 k €↑
2017
Annual accounts 2017110,2 k €↓
2016
Annual accounts 2016275,9 k €↑
2015
Annual accounts 2015117,8 k €↓
2014
Annual accounts 2014328,3 k €↓
2013
Annual accounts 2013339,3 k €↓
2012
Annual accounts 2012520,8 k €↑
2011
Annual accounts 201141 k €↓
2010
Annual accounts 201050,5 k €↓
2009
Annual accounts 200952,1 k €↓
2008
Annual accounts 200861,1 k €↓
2007
Annual accounts 200794,4 k €
27/01/1987
IncorporationPrivate 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

TERCOBEL

Overview

What does TERCOBEL do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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