ACTIVE

TORMAX BELGIUM

Financial year 2024 · Closed on 31/12/2024

Net result717,5 k €+76,4 %over 1 year
Revenue12,7 M €+5,0 %over 1 year
Equity5,2 M €-0,6 %over 1 year
Workforce64,1 ETP+0,8 %over 1 year

Identity

Source · BCE/KBO

TORMAX BELGIUM is a Public limited company incorporated in 1983. Its registered office is in Merelbeke-Melle. It employs on average 64,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0424.842.083
Incorporation
01/12/1983
Legal form
Public limited company
Registered office
Gontrode Heirweg 328
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital
620 000,00 €
Latest accounts
31/12/2024
Average workforce
64,1 ETP
Joint committees (3)
  • 14901
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20242023202220212020
Income statement
Revenue12,7 M €12,1 M €11 M €11,3 M €10,1 M €
EBITDA1,4 M €894,2 k €1,5 M €1,5 M €1,5 M €
Operating result1,1 M €617,5 k €1,2 M €1,2 M €1,1 M €
Net result717,5 k €406,7 k €879,6 k €862,3 k €766,2 k €
Balance sheet
Equity5,2 M €5,2 M €6,1 M €5,8 M €4,9 M €
Total assets10,9 M €10 M €10,9 M €10,7 M €12,1 M €
Cash1,7 M €706,8 k €1,5 M €1,8 M €3,3 M €
Debts4,5 M €3,6 M €3,8 M €4 M €6,3 M €
Other
Workforce64,1 ETP63,6 ETP69,6 ETP69,8 ETP71,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 27 ended

Active mandates

Anja Landert

Director · since 01 juillet 2023 · until 27 avril 2026

Active
Philippe Heiniger

Director · since 24 avril 2021 · until 27 avril 2026

Active

Ended mandates

Yves Heylen

Director · since 26 avril 2021 · until 27 avril 2026

Ended
Yves Heylen

Director · since 24 avril 2021 · until 31 décembre 2023

Ended
Yves Heylen

Director · since 24 avril 2021 · until 27 avril 2026

Ended
Philippe Heiniger

Director · since 26 mai 2020 · until 27 avril 2026

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/11/202519/12/202424/08/202308/09/202201/07/202123/12/2020
General meeting29/09/202515/07/202430/06/202327/06/202226/04/202126/05/2020
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202429/09/202524/11/2025DutchPDF
Full model31/12/202315/07/202419/12/2024DutchPDF
Full model31/12/202230/06/202324/08/2023DutchPDF
Full model31/12/202127/06/202208/09/2022DutchPDF
Full model31/12/202026/04/202101/07/2021DutchPDF
Full modelCorrection31/12/201926/05/202023/12/2020DutchPDF
Full model31/12/201926/04/202030/07/2020DutchPDF
Full model31/12/201826/04/201920/06/2019DutchPDF
Full model31/12/201726/04/201821/06/2018DutchPDF
Full model31/12/201626/04/201723/05/2017DutchPDF
Full model31/12/201526/04/201631/05/2016DutchPDF
Full model31/12/201427/04/201502/07/2015DutchPDF
Full model31/12/201326/04/201416/05/2014DutchPDF
Full model31/12/201218/04/201319/08/2013DutchPDF
Full model31/12/201112/04/201203/05/2012DutchPDF
Abridged model31/12/201026/04/201120/05/2011DutchPDF
Abridged model31/12/200926/04/201021/06/2010DutchPDF
Abridged model31/12/200827/04/200909/07/2009DutchPDF
Abridged model31/12/200726/04/200822/05/2008DutchPDF
Abridged model31/12/200626/04/200715/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 27 ended

Active mandates

Anja Landert

Director · since 01 juillet 2023 · until 27 avril 2026

Active
Philippe Heiniger

Director · since 24 avril 2021 · until 27 avril 2026

Active

Ended mandates

Yves Heylen

Director · since 26 avril 2021 · until 27 avril 2026

Ended
Yves Heylen

Director · since 24 avril 2021 · until 31 décembre 2023

Ended
Yves Heylen

Director · since 24 avril 2021 · until 27 avril 2026

Ended
Philippe Heiniger

Director · since 26 mai 2020 · until 27 avril 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates01/04/2026
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/04/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/07/2015
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024717,5 k €↑
  2. 2023
    Annual accounts 2023406,7 k €↓
  3. 2022
    Annual accounts 2022879,6 k €↑
  4. 2021
    Annual accounts 2021862,3 k €↑
  5. 2020
    Annual accounts 2020766,2 k €↑
  6. 2019
    Annual accounts 2019706,9 k €↑
  7. 2018
    Annual accounts 2018312,1 k €↓
  8. 2017
    Annual accounts 2017417,7 k €↑
  9. 2016
    Annual accounts 2016302 k €↓
  10. 2015
    Annual accounts 2015648,1 k €↑
  11. 2014
    Annual accounts 2014538,7 k €↑
  12. 2013
    Annual accounts 2013493,1 k €↓
  13. 2012
    Annual accounts 2012719,3 k €↑
  14. 2011
    Annual accounts 2011622,6 k €↓
  15. 2010
    Annual accounts 2010724,8 k €↑
  16. 2009
    Annual accounts 2009543,6 k €↑
  17. 2008
    Annual accounts 2008373,4 k €↑
  18. 2007
    Annual accounts 2007330,5 k €
  19. 01/12/1983
    IncorporationPublic limited company