ACTIVE

TECHNICAL MAINTENANCE SERVICE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

566,8 k €

-20.3% YoY

Revenue

11,7 M €

-0.7% YoY

Equity

1,9 M €

+3.7% YoY

Workforce

43,4 ETP

+0.7% YoY

What does TECHNICAL MAINTENANCE SERVICE do?

TECHNICAL MAINTENANCE SERVICE is a Public limited company incorporated in 1970. Its registered office is in Ternat. It employs on average 43,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.117.809

Incorporation

27/03/1970

Legal form

Public limited company

Registered office

Preflexbaan 167
1740 Ternat · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

43,4 ETP

Joint committees (6)

1240
149
14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007
Income statement
Revenue	11,7 M €	-0.7%	11,8 M €	+4.7%	11,3 M €	-0.5%	11,3 M €	+1.8%	11,1 M €		–		–		–		–		–		–		–		5,9 M €		–		–		4,4 M €
EBITDA	948,3 k €	-20.8%	1,2 M €	+2.9%	1,2 M €	+79.7%	647,8 k €	+35.8%	476,9 k €	+67.7%	284,4 k €	-33.7%	428,7 k €	+0.2%	427,9 k €	+71.8%	249 k €	-28.1%	346,5 k €	+59.2%	217,7 k €	+22.7%	177,5 k €	-34.9%	272,7 k €	+36.0%	200,5 k €	-30.9%	290,4 k €	+15.9%	250,5 k €
Operating result	831,7 k €	-17.6%	1 M €	-2.8%	1 M €	+99.3%	520,8 k €	+46.2%	356,1 k €	+262%	98,4 k €	-75.7%	404,6 k €	+8.5%	373 k €	+86.5%	200 k €	-16.7%	240,1 k €	+129%	105 k €	+60.0%	65,6 k €	-64.2%	183,5 k €	+57.4%	116,6 k €	-53.5%	250,7 k €	-1.2%	253,8 k €
Net result	566,8 k €	-20.3%	710,7 k €	-3.1%	733,4 k €	+165%	277,3 k €	+33.0%	208,5 k €	+569%	31,2 k €	-89.3%	292,5 k €	+46.4%	199,8 k €	+142%	82,4 k €	-20.3%	103,4 k €	+172%	38,1 k €	+647%	-7 k €	-108%	86,7 k €	+148%	35 k €	-80.0%	174,8 k €	-12.2%	199,1 k €
Balance sheet
Equity	1,9 M €	+3.7%	1,8 M €	+13.1%	1,6 M €	+17.0%	1,4 M €	-8.2%	1,5 M €	+100%	747,4 k €	+4.4%	716,3 k €	+14.8%	623,7 k €	+47.1%	423,9 k €	+12.6%	376,5 k €	+13.0%	333,1 k €	+12.9%	295 k €	-48.1%	568,5 k €	+18.0%	481,8 k €	+7.8%	446,8 k €	+1695%	-28 k €
Total assets	5,1 M €	+4.6%	4,9 M €	+5.4%	4,6 M €	-6.6%	4,9 M €	+15.1%	4,3 M €	-10.6%	4,8 M €	+12.2%	4,3 M €	+4.2%	4,1 M €	+10.2%	3,7 M €	+3.5%	3,6 M €	+37.2%	2,6 M €	+15.2%	2,3 M €	-2.2%	2,3 M €	+12.0%	2,1 M €	+21.8%	1,7 M €	-5.4%	1,8 M €
Cash	222 k €	-70.3%	748,3 k €	+146%	304,3 k €	-3.3%	314,6 k €	+104%	154,2 k €	+543%	24 k €	-79.0%	114,1 k €	-62.2%	301,5 k €	-37.2%	479,8 k €	+21.1%	396,3 k €	+212%	126,9 k €	-17.2%	153,3 k €	+892%	15,5 k €	-87.2%	121 k €	-53.4%	259,5 k €	+39.9%	185,4 k €
Debts	2,5 M €	-14.5%	2,9 M €	+0.1%	2,9 M €	-11.5%	3,2 M €	+24.8%	2,6 M €	-32.5%	3,8 M €	+16.2%	3,3 M €	+4.4%	3,2 M €	+7.5%	2,9 M €	+0.4%	2,9 M €	+52.9%	1,9 M €	-1.3%	1,9 M €	+11.8%	1,7 M €	+11.3%	1,6 M €	+25.8%	1,2 M €	-31.6%	1,8 M €
Other
Workforce	43,4 ETP	+0.7%	43,1 ETP	+6.4%	40,5 ETP	-6.9%	43,5 ETP	-5.0%	45,8 ETP	+57.4%	29,1 ETP	-12.6%	33,3 ETP	-11.9%	37,8 ETP	-16.7%	45,4 ETP	-8.1%	49,4 ETP	+50.2%	32,9 ETP	-13.2%	37,9 ETP	+5.3%	36,0 ETP	+7.1%	33,6 ETP	+8.4%	31,0 ETP	+5.8%	29,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 52 ended

Active mandates

TMS Group

Director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by Danny Hendrickx

Active

Ended mandates

TMS Group

Managing director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by Danny HENDRICKX

Ended

TMS Group

Managing director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by SDS-Solution BV

Ended

Firlefyn Technics

Director · since 01 novembre 2019 · until 05 février 2021 · 0737.423.989

Represented by Jan Firlefeyn

Ended

Firlefyn Technics

Director · since 01 novembre 2019 · until 17 mars 2025 · 0737.423.989

Represented by Jan Firlefeyn

Ended

At this address

Other companies at this address

Company	CBE no.
TMS Group● Active	0763.728.510

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	22/06/2026	11/07/2025	22/07/2024	26/06/2023	23/06/2022	22/07/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	20/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	12/06/2025	11/07/2025	Dutch	PDF
Full modelCorrection	31/12/2023	13/06/2024	22/07/2024	Dutch	PDF
Full model	31/12/2023	13/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	08/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	12/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/03/2015	12/05/2015	Dutch	PDF
Abridged model	31/12/2013	15/04/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	08/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	29/06/2009	Dutch	PDF
Full model	31/12/2007	16/10/2008	13/11/2008	Dutch	PDF
Full model	31/12/2006	14/06/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 52 ended

Active mandates

TMS Group

Director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by Danny Hendrickx

Active

Ended mandates

TMS Group

Managing director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by Danny HENDRICKX

Ended

TMS Group

Managing director · since 09 mars 2022 · until 08 juin 2028 · 0763.728.510

Represented by SDS-Solution BV

Ended

Firlefyn Technics

Director · since 01 novembre 2019 · until 05 février 2021 · 0737.423.989

Represented by Jan Firlefeyn

Ended

Firlefyn Technics

Director · since 01 novembre 2019 · until 17 mars 2025 · 0737.423.989

Represented by Jan Firlefeyn

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/08/2026
HERBENOEMING COMMISSARIS - VOLMACHT
PDF
Mandates21/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2022
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates15/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/11/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2018
ONTSLAGEN - BENOEMINGEN
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 2025566,8 k €↓
2024
Annual accounts 2024710,7 k €↓
2023
Annual accounts 2023733,4 k €↑
2022
Annual accounts 2022277,3 k €↑
2021
Annual accounts 2021208,5 k €↑
2021
Name changeTMS
2018
Annual accounts 201831,2 k €↓
2017
Annual accounts 2017292,5 k €↑
2016
Annual accounts 2016199,8 k €↑
2015
Annual accounts 201582,4 k €↓
2014
Annual accounts 2014103,4 k €↑
2013
Annual accounts 201338,1 k €↑
2012
Annual accounts 2012-7 k €↓
2010
Annual accounts 201086,7 k €↑
2009
Annual accounts 200935 k €↓
2008
Annual accounts 2008174,8 k €↓
2007
Annual accounts 2007199,1 k €
2007
Name changeTECHNICAL MAINTENANCE SERVICE
27/03/1970
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

TECHNICAL MAINTENANCE SERVICE

Overview

What does TECHNICAL MAINTENANCE SERVICE do?

Trend over 16 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