ACTIVE

T'SAS I.

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Financial year 2025 · closed on 31/12/2025

Net result

-17 k €

-191.7% YoY

Gross margin

38,6 k €

-47.2% YoY

Equity

925,5 k €

-1.8% YoY

What does T'SAS I. do?

T'SAS I. is a Private limited company incorporated in 1985. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Flobecq.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.364.569

Incorporation

19/12/1985

Legal form

Private limited company

Registered office

Houppe 97
7880 Flobecq · WallonieSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	38,6 k €	-47.2%	73,1 k €	+40.1%	52,1 k €	-20.4%	65,5 k €	+123%	29,4 k €	+41.4%	20,8 k €	+11.4%	18,7 k €	+859%	1,9 k €	-82.9%	11,4 k €	+31.6%	8,6 k €	-48.3%	16,7 k €	+71.2%	9,7 k €	-32.4%	14,4 k €	+68.5%	8,6 k €	+31.6%	6,5 k €	+59.9%	4,1 k €	-23.2%	5,3 k €	-45.0%	9,6 k €	-21.6%	12,3 k €
EBITDA	32,3 k €	-51.8%	67 k €	+44.8%	46,3 k €	-23.0%	60,1 k €	+149%	24,1 k €	+53.5%	15,7 k €	+17.0%	13,4 k €	+611%	-2,6 k €	-137%	7,1 k €	+45.3%	4,9 k €	-51.5%	10 k €	+56.9%	6,4 k €	-42.4%	11,1 k €	+112%	5,2 k €	+59.2%	3,3 k €	+378%	688,2 €	-72.7%	2,5 k €	-61.6%	6,6 k €	-28.3%	9,2 k €
Operating result	-13,7 k €	-161%	22,3 k €	+754%	2,6 k €	-85.6%	18,1 k €	+292%	-9,4 k €	+6.2%	-10,1 k €	-222%	8,2 k €	+208%	-7,6 k €	-461%	2,1 k €	+645%	282,3 €	-94.2%	4,9 k €	+288%	1,3 k €	-79.3%	6,1 k €	+2610%	224,9 €	+116%	-1,4 k €	+64.3%	-4 k €	-82.7%	-2,2 k €	-221%	1,8 k €	+36.1%	1,3 k €
Net result	-17 k €	-192%	18,6 k €	+1512%	-1,3 k €	-109%	13,9 k €	+200%	-14 k €	-4.4%	-13,4 k €	-354%	5,3 k €	+172%	-7,3 k €	-459%	2 k €	+692%	257,2 €	-94.7%	4,9 k €	+298%	1,2 k €	-79.8%	6,1 k €	+2896%	203,6 €	+113%	-1,5 k €	+62.0%	-4,1 k €	-82.0%	-2,2 k €	-229%	1,7 k €	+136%	-4,8 k €
Balance sheet
Equity	925,5 k €	-1.8%	942,5 k €	+2.0%	923,9 k €	-0.1%	925,3 k €	+1.5%	911,3 k €	-5.3%	961,9 k €	-1.4%	975,3 k €	+1293%	70 k €	-9.5%	77,3 k €	+2.7%	75,3 k €	+0.3%	75 k €	+7.0%	70,2 k €	+1.8%	68,9 k €	+0.9%	68,3 k €	+0.3%	68,1 k €	-2.2%	69,6 k €	-5.5%	73,7 k €	-2.9%	75,9 k €	+2.3%	74,2 k €
Total assets	1,1 M €	-2.1%	1,2 M €	-2.7%	1,2 M €	-1.9%	1,2 M €	-1.1%	1,2 M €	-17.4%	1,5 M €	+48.9%	998,2 k €	+947%	95,4 k €	+8.0%	88,3 k €	+2.4%	86,2 k €	+8.4%	79,6 k €	-1.1%	80,5 k €	+14.0%	70,6 k €	-6.5%	75,5 k €	+6.9%	70,7 k €	-7.3%	76,2 k €	-5.2%	80,4 k €	-8.2%	87,6 k €	-5.2%	92,4 k €
Cash	55,8 k €	+27.2%	43,9 k €	+0.4%	43,7 k €	+20.3%	36,3 k €	+182%	12,9 k €	-73.6%	48,7 k €	+124%	21,7 k €	-47.2%	41,1 k €	+14.7%	35,8 k €	-3.6%	37,2 k €	+43.3%	26 k €	+18.1%	22 k €	+190%	7,6 k €	-3.7%	7,9 k €	+938%	759,1 €	-51.9%	1,6 k €	+128%	690,6 €	-80.2%	3,5 k €	+35.0%	2,6 k €
Debts	210 k €	-3.5%	217,6 k €	-18.9%	268,4 k €	-7.3%	289,6 k €	-8.7%	317,1 k €	-39.5%	524,5 k €	+2188%	22,9 k €	-9.5%	25,3 k €	+132%	10,9 k €	-0.0%	10,9 k €	+141%	4,5 k €	-56.3%	10,3 k €	+502%	1,7 k €	-76.3%	7,2 k €	+181%	2,6 k €	-60.9%	6,6 k €	-2.2%	6,7 k €	-42.3%	11,7 k €	-36.0%	18,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Rose-Marie Rens

Managing director · since 03 juin 2005

Active

Yvan T'SAS

Director · since 03 juin 2005

Active

François T'SAS

Director · since 03 mai 2005

Active

Ended mandates

François T'SAS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

Nathalie T'SAS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

Rose Marie RENS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

François T'SAS

Director · since 03 juin 2005

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	06/08/2026	07/06/2025	09/08/2024	14/06/2023	07/07/2022	15/07/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	24/06/2022	25/06/2021
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
Micro model	31/12/2025	04/06/2026	06/08/2026	French	PDF
Micro model	31/12/2024	05/06/2025	07/06/2025	French	PDF
Micro model	31/12/2023	06/06/2024	09/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	14/06/2023	French	PDF
Micro model	31/12/2021	24/06/2022	07/07/2022	French	PDF
Micro model	31/12/2020	25/06/2021	15/07/2021	French	PDF
Micro model	31/12/2019	05/06/2020	24/08/2020	French	PDF
Micro model	31/12/2018	07/06/2019	09/06/2019	French	PDF
Micro model	31/12/2017	01/06/2018	24/06/2018	French	PDF
Micro model	31/12/2016	02/06/2017	17/06/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	19/06/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	20/07/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	21/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	19/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	13/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	03/07/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	15/06/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	23/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 active · 8 ended

Active mandates

Rose-Marie Rens

Managing director · since 03 juin 2005

Active

Yvan T'SAS

Director · since 03 juin 2005

Active

François T'SAS

Director · since 03 mai 2005

Active

Ended mandates

François T'SAS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

Nathalie T'SAS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

Rose Marie RENS

Director · since 03 juin 2011 · until 03 juin 2017

Ended

François T'SAS

Director · since 03 juin 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares18/06/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates26/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2005
DEMISSIONS, NOMINATIONS
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 2025-17 k €↓
2024
Annual accounts 202418,6 k €↑
2023
Annual accounts 2023-1,3 k €↓
2022
Annual accounts 202213,9 k €↑
2021
Annual accounts 2021-14 k €↓
2019
Annual accounts 2019-13,4 k €↓
2018
Annual accounts 20185,3 k €↑
2017
Annual accounts 2017-7,3 k €↓
2016
Annual accounts 20162 k €↑
2015
Annual accounts 2015257,2 €↓
2014
Annual accounts 20144,9 k €↑
2013
Annual accounts 20131,2 k €↓
2012
Annual accounts 20126,1 k €↑
2011
Annual accounts 2011203,6 €↑
2010
Annual accounts 2010-1,5 k €↑
2009
Annual accounts 2009-4,1 k €↓
2008
Annual accounts 2008-2,2 k €↓
2007
Annual accounts 20071,7 k €↑
2006
Annual accounts 2006-4,8 k €
19/12/1985
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

T'SAS I.

Overview

What does T'SAS I. do?

Trend over 19 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