ACTIVE

TERGECO

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Financial year 2025 · closed on 30/06/2025

Net result

1,5 k €

+3275.8% YoY

Gross margin

65,8 k €

-63.0% YoY

Equity

1 M €

+0.1% YoY

What does TERGECO do?

TERGECO is a Private limited company incorporated in 1995. Its main activity is: Construction of buildings. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.235.846

Incorporation

19/05/1995

Legal form

Private limited company

Registered office

Rue de Verviers 10
4700 Eupen · WallonieSee on map

Contributed capital

300 080,00 €

Latest accounts

30/06/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	65,8 k €	-63.0%	177,9 k €	+87.4%	94,9 k €	-81.3%	506,7 k €	+116%	234,4 k €	+36.2%	172,1 k €	+0.3%	171,5 k €	+7.2%	159,9 k €	-14.1%	186,2 k €	-6.6%	199,3 k €	+10.3%	180,7 k €	+4.0%	173,8 k €	+8.3%	160,4 k €	+107%	77,5 k €	+41.3%	54,9 k €	+47.9%	37,1 k €	+72.2%	21,5 k €	-33.4%	32,3 k €	-86.3%	236,2 k €
EBITDA	65,4 k €	-22.3%	84,2 k €	+153%	33,3 k €	-92.5%	441,7 k €	+146%	179,8 k €	+46.4%	122,8 k €	+0.4%	122,4 k €	-3.4%	126,7 k €	-31.8%	185,9 k €	-6.6%	199 k €	+10.1%	180,7 k €	+4.3%	173,3 k €	+8.0%	160,4 k €	+107%	77,5 k €	+42.2%	54,5 k €	+47.1%	37,1 k €	+72.3%	21,5 k €	-33.2%	32,2 k €	-86.3%	235 k €
Operating result	65,4 k €	-22.3%	84,2 k €	+153%	33,3 k €	-92.5%	441,7 k €	+146%	179,8 k €	+46.4%	122,8 k €	+0.4%	122,4 k €	-3.4%	126,7 k €	-31.8%	185,9 k €	-6.6%	199 k €	+10.1%	180,7 k €	+4.3%	173,3 k €	+8.0%	160,4 k €	+107%	77,5 k €	+42.2%	54,5 k €	+47.1%	37,1 k €	+72.3%	21,5 k €	-33.2%	32,2 k €	-86.3%	235 k €
Net result	1,5 k €	+3276%	43,8 €	-98.9%	3,9 k €	-98.6%	279,3 k €	+200%	93 k €	+117%	42,9 k €	+9.7%	39,1 k €	+15.7%	33,8 k €	-9.6%	37,4 k €	-16.2%	44,6 k €	+7.0%	41,7 k €	-30.4%	59,9 k €	-15.0%	70,4 k €	+375%	14,8 k €	-23.3%	19,3 k €	+91.8%	10,1 k €	+50.4%	6,7 k €	-66.2%	19,8 k €	-85.6%	138,3 k €
Balance sheet
Equity	1 M €	+0.1%	1 M €	+0.0%	1 M €	+0.4%	1 M €	+36.5%	764,9 k €	+13.8%	671,9 k €	+6.8%	629 k €	+6.6%	590 k €	+6.1%	556,2 k €	+7.2%	518,8 k €	+9.4%	474,2 k €	+9.6%	432,5 k €	+7.1%	403,9 k €	+21.1%	333,5 k €	+4.6%	318,7 k €	+6.5%	299,4 k €	+3.5%	289,3 k €	+2.4%	282,6 k €	+7.6%	262,7 k €
Total assets	4 M €	-4.4%	4,2 M €	+11.1%	3,7 M €	+31.3%	2,8 M €	-7.9%	3,1 M €	-3.7%	3,2 M €	-14.0%	3,7 M €	+0.8%	3,7 M €	-5.9%	3,9 M €	+5.9%	3,7 M €	-1.2%	3,8 M €	-3.9%	3,9 M €	+92.2%	2 M €	+9.2%	1,9 M €	+44.2%	1,3 M €	+26.3%	1 M €	-9.0%	1,1 M €	+93.7%	582,2 k €	-21.1%	738,2 k €
Cash	403 €	-87.4%	3,2 k €	-97.2%	114,1 k €	-76.8%	492,4 k €	+31.2%	375,4 k €	+1273%	27,3 k €	+257%	7,7 k €	-99.1%	823,6 k €	+10894%	7,5 k €	-34.6%	11,4 k €	-97.3%	423,1 k €	+30.3%	324,6 k €	-9.4%	358,4 k €	+2069%	16,5 k €	-90.9%	180,7 k €	+448%	33 k €	-86.6%	246,6 k €	-22.7%	318,9 k €	-7.0%	342,8 k €
Debts	2,8 M €	-6.3%	2,9 M €	+15.5%	2,5 M €	+51.8%	1,7 M €	-24.5%	2,2 M €	-9.5%	2,5 M €	-19.3%	3 M €	-1.0%	3,1 M €	-8.8%	3,4 M €	+5.2%	3,2 M €	-1.4%	3,2 M €	-5.8%	3,4 M €	+114%	1,6 M €	+5.9%	1,5 M €	+55.5%	977,2 k €	+34.4%	727 k €	-13.3%	838,7 k €	+180%	299,6 k €	-37.0%	475,4 k €
Other
Workforce	–		0,7 ETP	-22.2%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+28.6%	0,7 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Georges CORMAN

Director

Active

Ended mandates

Georges CORMAN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ARNOT● Active	0875.419.456
ASSOCIATION DES COPROPRIETAIRES DE LA RESIDENCE HERTOGENWALD - EUPEN● Active	0831.210.915
EDGAR DUYSTER● Active	0476.527.346
Osterreichische Vereinigung in Belgien● Active	0408.090.579
RIJCKAERT & MALHERBE, Notaires Associés● Active	0748.912.848

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	30/01/2026	05/02/2025	31/01/2024	31/01/2023	27/01/2022	15/02/2021
General meeting	31/12/2025	26/12/2024	31/12/2023	28/12/2022	29/12/2021	30/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	26/12/2024	05/02/2025	French	PDF
Abridged model	30/06/2023	31/12/2023	31/01/2024	French	PDF
Abridged model	30/06/2022	28/12/2022	31/01/2023	French	PDF
Abridged model	30/06/2021	29/12/2021	27/01/2022	French	PDF
Abridged model	30/06/2020	30/12/2020	15/02/2021	French	PDF
Abridged model	30/06/2019	26/12/2019	16/01/2020	French	PDF
Abridged model	30/06/2018	26/12/2018	16/01/2019	French	PDF
Abridged model	30/06/2017	27/12/2017	06/02/2018	French	PDF
Abridged model	30/06/2016	28/12/2016	31/01/2017	French	PDF
Abridged model	30/06/2015	30/12/2015	15/01/2016	French	PDF
Abridged model	30/06/2014	31/12/2014	29/01/2015	French	PDF
Abridged model	30/06/2013	26/12/2013	10/03/2014	French	PDF
Abridged model	30/06/2012	26/12/2012	31/01/2013	French	PDF
Abridged model	30/06/2011	28/12/2011	15/02/2012	French	PDF
Abridged model	30/06/2010	29/12/2010	08/02/2011	French	PDF
Abridged model	30/06/2009	30/12/2009	29/01/2010	French	PDF
Abridged model	30/06/2008	31/12/2008	31/01/2009	French	PDF
Abridged model	30/06/2007	30/12/2007	30/01/2008	French	PDF
Abridged model	30/06/2006	31/12/2006	31/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Georges CORMAN

Director

Active

Ended mandates

Georges CORMAN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office31/08/2023
SIEGE SOCIAL
PDF
Mandates15/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/07/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares17/10/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office20/06/2003
SIEGE SOCIAL
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 20251,5 k €↑
2024
Annual accounts 202443,8 €↓
2023
Annual accounts 20233,9 k €↓
2022
Annual accounts 2022279,3 k €↑
2021
Annual accounts 202193 k €↑
2020
Annual accounts 202042,9 k €↑
2019
Annual accounts 201939,1 k €↑
2018
Annual accounts 201833,8 k €↓
2017
Annual accounts 201737,4 k €↓
2016
Annual accounts 201644,6 k €↑
2015
Annual accounts 201541,7 k €↓
2014
Annual accounts 201459,9 k €↓
2013
Annual accounts 201370,4 k €↑
2012
Annual accounts 201214,8 k €↓
2011
Annual accounts 201119,3 k €↑
2010
Annual accounts 201010,1 k €↑
2009
Annual accounts 20096,7 k €↓
2008
Annual accounts 200819,8 k €↓
2007
Annual accounts 2007138,3 k €
19/05/1995
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

TERGECO

Overview

What does TERGECO do?

Trend over 19 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