ACTIVE

TANGHE

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Financial year 2025 · closed on 31/12/2025

Net result

440,9 k €

-86.3% YoY

Revenue

50,8 M €

-28.5% YoY

Equity

7,3 M €

+6.5% YoY

Workforce

35,8 ETP

+5.0% YoY

What does TANGHE do?

TANGHE is a Private limited company incorporated in 1973. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Steenokkerzeel. It employs on average 35,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.254.246

Incorporation

15/05/1973

Legal form

Private limited company

Registered office

Haachtsesteenweg 228
1820 Steenokkerzeel · FlandreSee on map

Contributed capital

31 620,00 €

Latest accounts

31/12/2025

Average workforce

35,8 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 50103Sea and coastal passenger water transport 45201Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 95311Repair of computers and personal and household goods

Joint committees (5)

112
1120
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	50,8 M €	-28.5%	71 M €	-0.0%	71 M €	+45.9%	48,7 M €	+27.6%	38,1 M €	-1.5%	38,7 M €	-9.4%	42,7 M €	+5.6%	40,5 M €	-5.0%	42,6 M €	-0.4%	42,8 M €	+7.4%	39,8 M €	+12.7%	35,3 M €	+6.5%	33,2 M €	-2.2%	33,9 M €	+16.6%	29,1 M €	+7.8%	27 M €	+25.8%	21,5 M €	-17.2%	25,9 M €	+18.5%	21,9 M €	+5.4%	20,8 M €
EBITDA	886,4 k €	-80.8%	4,6 M €	+31.6%	3,5 M €	+57.2%	2,2 M €	+1216%	169,2 k €	+18.3%	142,9 k €	-91.0%	1,6 M €	-1.5%	1,6 M €	-30.6%	2,3 M €	-11.5%	2,6 M €	-8.4%	2,9 M €	+24.1%	2,3 M €	-2.0%	2,4 M €	+33.3%	1,8 M €	-4.8%	1,9 M €	+4.9%	1,8 M €	+43.9%	1,2 M €	-4.9%	1,3 M €	+22.2%	1,1 M €	-14.6%	1,2 M €
Operating result	632,6 k €	-85.4%	4,3 M €	+34.0%	3,2 M €	+77.0%	1,8 M €	+669%	-321,6 k €	+21.1%	-407,7 k €	-141%	996,4 k €	+0.0%	996,4 k €	-40.3%	1,7 M €	-19.9%	2,1 M €	-15.4%	2,5 M €	+27.1%	1,9 M €	-6.1%	2,1 M €	+43.9%	1,4 M €	-4.0%	1,5 M €	+7.5%	1,4 M €	+83.2%	759 k €	+5.0%	722,8 k €	-15.0%	850,7 k €	-27.5%	1,2 M €
Net result	440,9 k €	-86.3%	3,2 M €	+46.5%	2,2 M €	+57.5%	1,4 M €	+1140%	-134,1 k €	+72.1%	-480,4 k €	-174%	647,1 k €	-1.7%	658,3 k €	-37.9%	1,1 M €	-22.4%	1,4 M €	-15.8%	1,6 M €	+21.5%	1,3 M €	-6.2%	1,4 M €	+39.3%	1 M €	-4.7%	1,1 M €	+11.1%	966,8 k €	+30.3%	742,2 k €	+28.7%	576,8 k €	-16.1%	687,9 k €	-19.4%	853,1 k €
Balance sheet
Equity	7,3 M €	+6.5%	6,8 M €	+33.8%	5,1 M €	-13.6%	5,9 M €	-52.8%	12,5 M €	-11.6%	14,1 M €	-3.3%	14,6 M €	+4.6%	14 M €	+4.9%	13,3 M €	+8.7%	12,2 M €	+12.6%	10,9 M €	+17.5%	9,3 M €	+16.9%	7,9 M €	-2.2%	8,1 M €	+14.5%	7,1 M €	+17.9%	6 M €	-3.7%	6,2 M €	+13.5%	5,5 M €	+11.7%	4,9 M €	+16.3%	4,2 M €
Total assets	10,6 M €	-20.5%	13,4 M €	-11.9%	15,2 M €	-31.2%	22,1 M €	+18.2%	18,7 M €	-10.0%	20,7 M €	-0.6%	20,9 M €	+2.9%	20,3 M €	+3.4%	19,6 M €	+19.1%	16,5 M €	-3.6%	17,1 M €	+15.8%	14,7 M €	-0.7%	14,8 M €	+34.0%	11,1 M €	+3.7%	10,7 M €	+3.2%	10,4 M €	-10.8%	11,6 M €	+35.4%	8,6 M €	-4.6%	9 M €	+31.8%	6,8 M €
Cash	2,9 M €	+84.3%	1,6 M €	-51.1%	3,2 M €	-9.4%	3,5 M €	-39.8%	5,9 M €	-21.1%	7,5 M €	+5.4%	7,1 M €	+0.4%	7,1 M €	-1.7%	7,2 M €	+37.7%	5,2 M €	-4.9%	5,5 M €	+28.3%	4,3 M €	-25.6%	5,7 M €	+11.9%	5,1 M €	+39.5%	3,7 M €	+62.2%	2,3 M €	-25.1%	3 M €	+639%	409,4 k €	+38.0%	296,6 k €	+11.2%	266,7 k €
Debts	3,4 M €	-48.6%	6,5 M €	-35.1%	10,1 M €	-37.6%	16,2 M €	+162%	6,2 M €	-6.7%	6,6 M €	+5.7%	6,2 M €	-0.9%	6,3 M €	+0.6%	6,3 M €	+48.9%	4,2 M €	-31.9%	6,2 M €	+12.8%	5,5 M €	-20.8%	6,9 M €	+132%	3 M €	-17.5%	3,6 M €	-17.1%	4,4 M €	-19.0%	5,4 M €	+74.4%	3,1 M €	-24.3%	4,1 M €	+57.2%	2,6 M €
Other
Workforce	35,8 ETP	+5.0%	34,1 ETP	+2.1%	33,4 ETP	+3.7%	32,2 ETP	-2.1%	32,9 ETP	-6.5%	35,2 ETP	-5.9%	37,4 ETP	+4.8%	35,7 ETP	+7.2%	33,3 ETP	+5.0%	31,7 ETP	+2.6%	30,9 ETP	+4.7%	29,5 ETP	+2.1%	28,9 ETP	+1.8%	28,4 ETP	+3.3%	27,5 ETP	+8.3%	25,4 ETP	+3.3%	24,6 ETP	+2.1%	24,1 ETP	+13.7%	21,2 ETP	+20.5%	17,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Dirk TANGHE

Director

Active

Marc TANGHE

Director

Active

Ended mandates

Dirk Tanghe

Manager · since 02 juin 2004

Ended

Marc Tanghe

Manager · since 02 juin 2004

Ended

Dirk TANGHE

Manager

Ended

Marc TANGHE

Manager

Ended

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	17/06/2026	24/06/2025	09/07/2024	11/07/2023	12/07/2022	14/07/2021
General meeting	08/06/2026	28/05/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	28/05/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	13/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	08/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	11/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	11/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	17/06/2010	Dutch	PDF
Full model	31/12/2008	08/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	09/06/2008	08/07/2008	Dutch	PDF
Full model	31/12/2006	11/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 4 ended

Active mandates

Dirk TANGHE

Director

Active

Marc TANGHE

Director

Active

Ended mandates

Dirk Tanghe

Manager · since 02 juin 2004

Ended

Marc Tanghe

Manager · since 02 juin 2004

Ended

Dirk TANGHE

Manager

Ended

Marc TANGHE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/08/2026
ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other04/11/2009
STATUTENWIJZIGING
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 2025440,9 k €↓
2024
Annual accounts 20243,2 M €↑
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021-134,1 k €↑
2020
Annual accounts 2020-480,4 k €↓
2019
Annual accounts 2019647,1 k €↓
2018
Annual accounts 2018658,3 k €↓
2017
Annual accounts 20171,1 M €↓
2016
Annual accounts 20161,4 M €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 20141,3 M €↓
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 20121 M €↓
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010966,8 k €↑
2009
Annual accounts 2009742,2 k €↑
2008
Annual accounts 2008576,8 k €↓
2007
Annual accounts 2007687,9 k €↓
2006
Annual accounts 2006853,1 k €
15/05/1973
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

TANGHE

Overview

What does TANGHE do?

Trend over 20 financial years

Indicative valuation

Board of directors

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