ACTIVE

TERCOFIN BARGING

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Financial year 2025 · Closed on 31/12/2025

Net result186,5 k €+90,1 %over 1 year
Revenue2,8 M €+6,5 %over 1 year
Equity786,3 k €+27,8 %over 1 year
Workforce7,7 ETP+57,1 %over 1 year

Identity

Source · BCE/KBO

TERCOFIN BARGING is a Public limited company incorporated in 2019. Its main activity is: Inland freight water transport. Its registered office is in Liège. It employs on average 7,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0718.602.427
Incorporation
11/01/2019
Legal form
Public limited company
Registered office
Rue de Renory 501 box A
4031 Liège · WallonieSee on map
Contributed capital
660 000,00 €
Latest accounts
31/12/2025
Average workforce
7,7 ETP
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20252024202320222021
Income statement
Revenue2,8 M €2,6 M €2,4 M €1,5 M €816,5 k €
EBITDA944,8 k €851,3 k €798,8 k €453,4 k €241,8 k €
Operating result275,5 k €198 k €187,3 k €-21,7 k €-217,6 k €
Net result186,5 k €98,1 k €98,6 k €-54,3 k €-270,4 k €
Balance sheet
Equity786,3 k €615,2 k €532,5 k €449,2 k €334,3 k €
Total assets6,1 M €6,4 M €6,7 M €4,5 M €5,1 M €
Cash88,5 k €10,9 k €52,1 k €12,4 k €107,1 k €
Debts5,3 M €5,8 M €6,1 M €4,1 M €4,7 M €
Other
Workforce7,7 ETP4,9 ETP2,0 ETP0,2 ETP–

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 · 4 ended

Active mandates

Johan GEMELS

Director · since 27 juin 2024 · until 27 juin 2030

Active
Nicolas LIMBIOUL

Director · since 27 juin 2024 · until 27 juin 2030

Active
TERCOFIN

Managing director · since 27 juin 2024 · until 27 juin 2030 · 0664.878.481

Represented by Vincent BRASSINNE

Active

Ended mandates

TERCOFIN

Managing director · since 29 mai 2020 · until 01 mai 2024 · 0664.878.481

Represented by Vincent BRASSINNE

Ended
Johan GEMELS

Director · since 11 janvier 2019 · until 01 mai 2024

Ended
Nicolas LIMBIOUL

Director · since 11 janvier 2019 · until 01 mai 2024

Ended
Vincent BRASSINNE

Managing director · since 11 janvier 2019 · until 29 mai 2020

Ended

Other companies at this address

Rue de Renory 501 4031 Liège
CompanyCBE no.
TERCOFIN● Active
0664.878.481

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date01/07/202628/07/202502/07/202415/06/202323/06/202202/06/2021
General meeting25/06/202626/06/202527/06/202403/05/202304/05/202205/05/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202601/07/2026FrenchPDF
Full model31/12/202426/06/202528/07/2025FrenchPDF
Full model31/12/202327/06/202402/07/2024FrenchPDF
Full model31/12/202203/05/202315/06/2023FrenchPDF
Full model31/12/202104/05/202223/06/2022FrenchPDF
Full model31/12/202005/05/202102/06/2021FrenchPDF
Full model31/12/201919/06/202010/08/2020FrenchPDF

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 · 4 ended

Active mandates

Johan GEMELS

Director · since 27 juin 2024 · until 27 juin 2030

Active
Nicolas LIMBIOUL

Director · since 27 juin 2024 · until 27 juin 2030

Active
TERCOFIN

Managing director · since 27 juin 2024 · until 27 juin 2030 · 0664.878.481

Represented by Vincent BRASSINNE

Active

Ended mandates

TERCOFIN

Managing director · since 29 mai 2020 · until 01 mai 2024 · 0664.878.481

Represented by Vincent BRASSINNE

Ended
Johan GEMELS

Director · since 11 janvier 2019 · until 01 mai 2024

Ended
Nicolas LIMBIOUL

Director · since 11 janvier 2019 · until 01 mai 2024

Ended
Vincent BRASSINNE

Managing director · since 11 janvier 2019 · until 29 mai 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other19/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates04/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/01/2019
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025186,5 k €↑
  2. 2024
    Annual accounts 202498,1 k €↓
  3. 2023
    Annual accounts 202398,6 k €↑
  4. 2022
    Annual accounts 2022-54,3 k €↑
  5. 2021
    Annual accounts 2021-270,4 k €↓
  6. 2020
    Annual accounts 2020-86,8 k €↓
  7. 2019
    Annual accounts 201931,5 k €
  8. 11/01/2019
    IncorporationPublic limited company