ACTIVE

TEN STUIVENBERGE INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result151,3 k €+578,7 %over 1 year

Gross margin627,3 k €+53,6 %over 1 year

Equity5,2 M €+3,0 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

TEN STUIVENBERGE INVEST is a Public limited company incorporated in 1982. Its main activity is: Management consultancy activities. Its registered office is in Waregem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0422.976.418
Incorporation: 27/08/1982
Legal form: Public limited company
Registered office: Courtensstraat 1 box A
8791 Waregem · FlandreSee on map
Contributed capital: 2 243 158,51 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	627,3 k €	+53.6%	408,4 k €	-7.2%	440 k €	-16.5%	527,1 k €	-38.0%	850,8 k €
EBITDA	481,5 k €	+89.7%	253,9 k €	-10.9%	284,9 k €	-28.0%	395,7 k €	-45.5%	726,6 k €
Operating result	213,8 k €	+944%	20,5 k €	-77.0%	89 k €	-45.9%	164,6 k €	-68.1%	515,5 k €
Net result	151,3 k €	+579%	22,3 k €	+40.9%	15,8 k €	-59.4%	39 k €	-88.9%	352 k €
Balance sheet
Equity	5,2 M €	+3.0%	5,1 M €	+0.4%	5 M €	+0.3%	5 M €	+0.8%	5 M €
Total assets	6,1 M €	-9.4%	6,7 M €	-0.2%	6,8 M €	-2.8%	6,9 M €	-0.9%	7 M €
Cash	673,4 k €	-46.9%	1,3 M €	-21.1%	1,6 M €	+14.8%	1,4 M €	-27.8%	1,9 M €
Debts	759,6 k €	-50.9%	1,5 M €	-1.9%	1,6 M €	-8.1%	1,7 M €	-5.0%	1,8 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Elsje Vandecasteele

Managing director · since 08 octobre 2019

Active

Tino Pappijn

Managing director · since 08 octobre 2019

Active

Ended mandates

Elsje Vandecasteele

Director · since 08 octobre 2019

Ended

Elsje Vandecasteele

Managing director · since 08 octobre 2019 · until 30 mai 2025

Ended

Tino Pappijn

Director · since 08 octobre 2019

Ended

Tino Pappijn

Managing director · since 08 octobre 2019 · until 30 mai 2025

Ended

Other companies at this address

Courtensstraat 1 8791 Waregem

Company	CBE no.
Euro-Tapis● Active	0407.127.212
VERCAI RUGS● Active	0418.216.587

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	29/07/2026	31/07/2025	26/07/2024	31/07/2023	28/09/2022	30/09/2021
General meeting	26/06/2026	30/06/2025	28/06/2024	30/06/2023	23/09/2022	30/08/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	23/09/2022	28/09/2022	Dutch	PDF
Micro model	31/12/2020	30/08/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	14/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	08/10/2019	11/10/2019	Dutch	PDF
Micro model	31/12/2017	16/04/2019	02/05/2019	Dutch	PDF
Micro model	31/12/2016	26/05/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	28/09/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	30/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 16 ended

Active mandates

Elsje Vandecasteele

Managing director · since 08 octobre 2019

Active

Tino Pappijn

Managing director · since 08 octobre 2019

Active

Ended mandates

Elsje Vandecasteele

Director · since 08 octobre 2019

Ended

Elsje Vandecasteele

Managing director · since 08 octobre 2019 · until 30 mai 2025

Ended

Tino Pappijn

Director · since 08 octobre 2019

Ended

Tino Pappijn

Managing director · since 08 octobre 2019 · until 30 mai 2025

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/08/2026
DIVERSEN, ONTSLAGEN, BENOEMINGEN
PDF
Mandates24/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other20/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/08/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2003
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/01/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025151,3 k €↑
2024
Annual accounts 202422,3 k €↑
2023
Annual accounts 202315,8 k €↓
2022
Annual accounts 202239 k €↓
2021
Annual accounts 2021352 k €↑
2020
Annual accounts 202048,6 k €↓
2019
Annual accounts 201958,9 k €↓
2018
Annual accounts 2018103 k €↓
2017
Annual accounts 2017312,1 k €↑
2016
Annual accounts 2016303 k €↑
2015
Annual accounts 2015166,2 k €↑
2014
Annual accounts 2014161,7 k €↑
2013
Annual accounts 201351,9 k €↓
2012
Annual accounts 201286,3 k €↑
2011
Annual accounts 201157,3 k €↑
2010
Annual accounts 2010-72,3 k €↓
2009
Annual accounts 2009-66,5 k €↓
2008
Annual accounts 2008778,8 k €↑
2007
Annual accounts 2007-257,2 k €↓
2006
Annual accounts 2006-178,9 k €
27/08/1982
IncorporationPublic limited company

TEN STUIVENBERGE INVEST

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