ACTIVE

TERVAX INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result13,1 k €-36,1 %over 1 year
Gross margin21,1 k €-31,7 %over 1 year
Equity-339,5 k €+3,7 %over 1 year

Identity

Source · BCE/KBO

TERVAX INVEST is a Public limited company incorporated in 1991. Its registered office is in Nivelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.990.072
Incorporation
30/08/1991
Legal form
Public limited company
Registered office
Rue de l'Industrie 12B
1400 Nivelles · WallonieSee on map
Contributed capital
3 793 877,23 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin21,1 k €30,9 k €57,8 k €68,7 k €97,5 k €
EBITDA20,6 k €30,4 k €56,5 k €67,9 k €96,9 k €
Operating result20,3 k €30,4 k €56,5 k €66,9 k €96,4 k €
Net result13,1 k €20,5 k €40,3 k €49,8 k €68,2 k €
Balance sheet
Equity-339,5 k €-352,6 k €-373,2 k €-413,4 k €-463,2 k €
Total assets19,9 k €17,9 k €13,7 k €22,2 k €56,1 k €
Cash2,9 k €3,8 k €4 k €3 k €–
Debts359,3 k €370,5 k €386,8 k €435,5 k €519,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Nicolas VAXELAIRE

Managing director · since 26 décembre 2018 · until 30 décembre 2025

Active
Tatiana VAXELAIRE

Director · since 26 décembre 2018 · until 30 décembre 2025

Active
Alexandre VAXELAIRE

Director · since 06 juin 2017 · until 30 décembre 2025

Active

Ended mandates

Nicolas VAXELAIRE

Managing director · since 26 décembre 2018 · until 06 juin 2023

Ended
Tatiana VAXELAIRE

Director · since 26 décembre 2018 · until 06 juin 2023

Ended
Alexandre VAXELAIRE

Director · since 06 juin 2017 · until 06 juin 2023

Ended
Georges VAXELAIRE

Managing director · since 06 juin 2017 · until 26 décembre 2018

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202617/06/202521/06/202425/06/202323/06/202225/06/2021
General meeting02/06/202603/06/202504/06/202406/06/202307/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202502/06/202609/07/2026FrenchPDF
Micro model31/12/202403/06/202517/06/2025FrenchPDF
Micro model31/12/202304/06/202421/06/2024FrenchPDF
Micro model31/12/202206/06/202325/06/2023FrenchPDF
Micro model31/12/202107/06/202223/06/2022FrenchPDF
Micro model31/12/202001/06/202125/06/2021FrenchPDF
Micro model31/12/201902/06/202017/06/2020FrenchPDF
Micro model31/12/201804/06/201906/06/2019FrenchPDF
Micro model31/12/201705/06/201802/07/2018FrenchPDF
Micro model31/12/201606/06/201724/07/2017FrenchPDF
Abridged model31/12/201507/06/201616/06/2016FrenchPDF
Abridged model31/12/201402/06/201523/07/2015FrenchPDF
Abridged model31/12/201303/06/201416/07/2014FrenchPDF
Abridged model31/12/201204/06/201307/06/2013FrenchPDF
Abridged model31/12/201105/06/201210/07/2012FrenchPDF
Abridged model31/12/201007/06/201122/07/2011FrenchPDF
Abridged model31/12/200901/06/201022/07/2010FrenchPDF
Abridged model31/12/200802/06/200918/06/2009FrenchPDF
Abridged model31/12/200703/06/200811/07/2008FrenchPDF
Abridged model31/12/200605/06/200702/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Nicolas VAXELAIRE

Managing director · since 26 décembre 2018 · until 30 décembre 2025

Active
Tatiana VAXELAIRE

Director · since 26 décembre 2018 · until 30 décembre 2025

Active
Alexandre VAXELAIRE

Director · since 06 juin 2017 · until 30 décembre 2025

Active

Ended mandates

Nicolas VAXELAIRE

Managing director · since 26 décembre 2018 · until 06 juin 2023

Ended
Tatiana VAXELAIRE

Director · since 26 décembre 2018 · until 06 juin 2023

Ended
Alexandre VAXELAIRE

Director · since 06 juin 2017 · until 06 juin 2023

Ended
Georges VAXELAIRE

Managing director · since 06 juin 2017 · until 26 décembre 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other05/03/2020
    DIVERS
    PDF
  • Other24/01/2020
    OBJET
    PDF
  • Mandates03/01/2020
    OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/02/2019
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/07/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares06/01/2012
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates27/07/2009
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202513,1 k €↓
  2. 2024
    Annual accounts 202420,5 k €↓
  3. 2023
    Annual accounts 202340,3 k €↓
  4. 2022
    Annual accounts 202249,8 k €↓
  5. 2021
    Annual accounts 202168,2 k €↑
  6. 2020
    Annual accounts 202050,6 k €↑
  7. 2019
    Annual accounts 2019-5,9 k €↓
  8. 2018
    Annual accounts 2018-2,3 k €↓
  9. 2017
    Annual accounts 201731,3 k €↓
  10. 2016
    Annual accounts 201633,3 k €↑
  11. 2015
    Annual accounts 201515,8 k €↓
  12. 2014
    Annual accounts 201431,4 k €↑
  13. 2013
    Annual accounts 201318 k €↑
  14. 2012
    Annual accounts 20126,6 k €↑
  15. 2011
    Annual accounts 2011-7,8 k €↓
  16. 2010
    Annual accounts 201017,4 k €↑
  17. 2009
    Annual accounts 2009-41,2 k €↓
  18. 2008
    Annual accounts 200831,7 k €↓
  19. 2007
    Annual accounts 200762,8 k €↑
  20. 2006
    Annual accounts 200623,7 k €
  21. 30/08/1991
    IncorporationPublic limited company