ACTIVE

T.V.B.

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Financial year 2025 · Closed on 31/12/2025

Net result4,4 M €+431,9 %over 1 year

Gross margin6,1 M €+983,6 %over 1 year

Equity8,4 M €+112,1 %over 1 year

Identity

Source · BCE/KBO

T.V.B. is a Public limited company incorporated in 1982. Its registered office is in Uccle.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0422.739.757
Incorporation: 24/03/1982
Legal form: Public limited company
Registered office: Rue du Ham 2
1180 Uccle · BruxellesSee on map
Contributed capital: 724 000,00 €
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	6,1 M €	+984%	567 k €	+258%	158,6 k €	-87.2%	1,2 M €	+18342%	-6,8 k €
EBITDA	6,1 M €	+4665%	-133 k €	-239%	95,4 k €	-92.0%	1,2 M €	+3768%	-32,5 k €
Operating result	5,9 M €	+1101%	-585 k €	-40.0%	-418 k €	-166%	634,9 k €	+254%	-411,1 k €
Net result	4,4 M €	+432%	835,4 k €	+189%	-934,2 k €	-254%	607,9 k €	+204%	-582,8 k €
Balance sheet
Equity	8,4 M €	+112%	4 M €	+26.7%	3,1 M €	-23.0%	4,1 M €	+17.6%	3,5 M €
Total assets	17,7 M €	-8.2%	19,3 M €	-19.1%	23,9 M €	+9.1%	21,9 M €	+44.3%	15,2 M €
Cash	2,1 k €	+787%	233,6 €	-99.3%	32,5 k €	+123%	14,5 k €	-17.7%	17,7 k €
Debts	7,5 M €	-48.8%	14,7 M €	-26.4%	19,9 M €	+17.8%	16,9 M €	+57.7%	10,7 M €
Other
Workforce	–		0,0 ETP		0,0 ETP		0,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Paul DE COSTER	Managing director15/05/2017 → 08/06/2028
Levan DE COSTER	Director15/05/2017 → 08/06/2028Managing director2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
D.C. GROUP0884.123.524Represented by Jean-Paul DE COSTER	Director15/05/2017 → 2021 accounts
Michel VAN BENEDEN	Managing director03/01/2005 → 2008 accounts
Baudouin COURTENS	Director01/11/2004 → 2008 accounts

Other companies at this address

Rue du Ham 2 1180 Uccle

Company	CBE no.
Bobru● Active	0629.721.030
D.C. GROUP● Active	0884.123.524
DC UNITED● Active	0665.784.244
DEXIN● Active	0471.394.462
G12● Active	0809.576.054
GIMOFI● Active	0455.340.170
GREENWICH PROPERTIES● Active	0459.303.413
HEJUMA● Active	0823.692.920
LINCOLN● Active	0871.968.137
SOHO ESTATE● Active	0797.850.437
SWEET ESTATE● Active	0797.850.734

Full financial information

Source · NBB

	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	01/01/2025	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	18/10/2026	09/12/2025	05/08/2024	23/10/2023	13/07/2022	31/08/2021
General meeting	15/10/2026	31/10/2025	29/07/2024	23/10/2023	08/07/2022	23/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/10/2026	18/10/2026	French	PDF
Abridged model	31/12/2024	31/10/2025	09/12/2025	French	PDF
Abridged model	31/12/2023	29/07/2024	05/08/2024	French	PDF
Abridged modelCorrection	31/12/2022	23/10/2023	23/10/2023	French	PDF
Abridged model	31/12/2022	28/07/2023	02/08/2023	French	PDF
Abridged model	31/12/2021	08/07/2022	13/07/2022	French	PDF
Abridged model	31/12/2020	23/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	30/09/2020	30/11/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	31/08/2019	French	PDF
Micro model	31/12/2017	14/05/2018	14/01/2019	French	PDF
Micro model	31/12/2016	15/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	17/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	08/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	20/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Paul DE COSTER	Managing director15/05/2017 → 08/06/2028
Levan DE COSTER	Director15/05/2017 → 08/06/2028Managing director2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
D.C. GROUP0884.123.524Represented by Jean-Paul DE COSTER	Director15/05/2017 → 2021 accounts
Michel VAN BENEDEN	Managing director03/01/2005 → 2008 accounts
Baudouin COURTENS	Director01/11/2004 → 2008 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office02/10/2025
SIEGE SOCIAL
PDF
Mandates15/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office23/06/2020
SIEGE SOCIAL
PDF
Mandates01/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/02/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Levan DE COSTER

Jean-Paul DE COSTER

D.C. GROUP

Michel VAN BENEDEN

Baudouin COURTENS

Patrice COURTENS

19821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

T.V.B.

Rue du Ham 2, 1180 UccleAvenue Louise 380, 1050 Ixelles

Director

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Ham 2, 1180 UccleCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00565659
Avenue Louise 380, 1050 Ixelles	accounts 2021 → 2023	Accounts 2023 · 2024-00330109

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
T.V.B.Current	accounts 2021 → 2025	Accounts 2025 · 2026-00565659

Events

2025
Annual accounts 20254,4 M €↑
2024
Annual accounts 2024835,4 k €↑
2023
Annual accounts 2023-934,2 k €↓
2022
Annual accounts 2022607,9 k €↑
2021
Annual accounts 2021-582,8 k €↓
2019
Annual accounts 2019632,2 k €↓
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 20171,3 M €↑
2016
Annual accounts 2016-13,5 k €↓
2015
Annual accounts 201589,5 k €↑
2014
Annual accounts 2014-71,6 k €↓
2013
Annual accounts 2013-38,5 k €↑
2012
Annual accounts 2012-53,3 k €↓
2011
Annual accounts 2011-14,9 k €↑
2010
Annual accounts 2010-70,1 k €↑
2009
Annual accounts 2009-96,1 k €↓
2008
Annual accounts 2008-65,7 k €↓
2007
Annual accounts 2007-23,1 k €↑
2006
Annual accounts 2006-69,7 k €
24/03/1982
IncorporationPublic limited company

T.V.B.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events