ACTIVE

TIE - BREAK

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Financial year 2025 · closed on 31/12/2025

Net result

5,4 k €

+94.7% YoY

Gross margin

6,4 k €

-40.8% YoY

Equity

639,5 k €

-0.8% YoY

What does TIE - BREAK do?

TIE - BREAK is a Public limited company incorporated in 1986. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.110.776

Incorporation

05/06/1986

Legal form

Public limited company

Registered office

Keizershoevestraat 44
2610 Antwerpen · FlandreSee on map

Contributed capital

205 082,00 €

Latest accounts

31/12/2025

Activities (NACE)

74601Other professional, scientific and technical activities· main 80010Security and investigation activities 80100Private security activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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
Gross margin	6,4 k €	-40.8%	10,8 k €	-92.3%	140,5 k €	+53.4%	91,6 k €	-26.2%	124,1 k €	+59.4%	77,8 k €	-10.7%	87,1 k €	+12.1%	77,7 k €	-6.3%	82,9 k €	+17.0%	70,9 k €	+4.2%	68 k €	-7.4%	73,5 k €	+2.8%	71,5 k €	+0.8%	70,9 k €	+173%	26 k €	+167%	9,7 k €	+158%	3,8 k €	+217%	-3,2 k €	-110%	33,4 k €	-48.3%	64,7 k €
EBITDA	12,6 k €	+27.3%	9,9 k €	-86.9%	75,2 k €	+53.1%	49,1 k €	-42.2%	85 k €	+22.1%	69,6 k €	-14.8%	81,7 k €	+13.3%	72,1 k €	-7.1%	77,6 k €	+17.8%	65,9 k €	+5.3%	62,5 k €	-8.7%	68,5 k €	+3.0%	66,5 k €	+0.2%	66,4 k €	+209%	21,5 k €	+307%	5,3 k €	+1008%	-582,7 €	+92.2%	-7,5 k €	-164%	11,8 k €	-63.2%	31,9 k €
Operating result	5,3 k €	+103%	2,6 k €	-96.2%	67,9 k €	+68.1%	40,4 k €	-46.8%	76 k €	+26.0%	60,3 k €	-16.7%	72,4 k €	+15.3%	62,9 k €	+95.3%	32,2 k €	-42.7%	56,1 k €	+7.3%	52,3 k €	-18.3%	64,1 k €	+4.8%	61,1 k €	-0.8%	61,6 k €	+289%	15,8 k €	+26032%	-61,1 €	+99.5%	-12,7 k €	+31.2%	-18,5 k €	-3768%	503,8 €	-97.8%	23,1 k €
Net result	5,4 k €	+94.7%	2,8 k €	-93.7%	44 k €	+70.5%	25,8 k €	-48.0%	49,6 k €	+25.4%	39,6 k €	-11.1%	44,5 k €	+15.7%	38,5 k €	+121%	17,4 k €	-47.2%	33,1 k €	+24.6%	26,5 k €	-50.3%	53,4 k €	+96.8%	27,1 k €	-39.8%	45,1 k €	+208%	14,6 k €	+1224%	-1,3 k €	+90.6%	-13,8 k €	+41.8%	-23,7 k €	-2240%	1,1 k €	-92.7%	15,2 k €
Balance sheet
Equity	639,5 k €	-0.8%	644,9 k €	-0.4%	647,7 k €	+7.3%	603,7 k €	+4.5%	577,9 k €	+9.4%	528,3 k €	+8.1%	488,7 k €	+10.0%	444,2 k €	+9.5%	405,7 k €	+4.5%	388,3 k €	+9.3%	355,2 k €	+8.1%	328,7 k €	+149%	132,2 k €	-49.9%	264,1 k €	+15.6%	228,4 k €	+6.8%	213,7 k €	-0.6%	215 k €	-6.0%	228,8 k €	-9.4%	252,5 k €	+0.4%	251,4 k €
Total assets	639,7 k €	-1.0%	646,3 k €	-5.3%	682,4 k €	+4.5%	653,1 k €	-0.6%	657,3 k €	+5.4%	623,3 k €	+5.2%	592,4 k €	+4.5%	567 k €	+3.4%	548,5 k €	+39.9%	392 k €	+8.9%	359,9 k €	+6.6%	337,7 k €	+13.8%	296,8 k €	+6.7%	278,1 k €	+17.7%	236,4 k €	-2.0%	241,1 k €	+1.3%	237,9 k €	-5.9%	252,9 k €	-7.9%	274,6 k €	+5.8%	259,7 k €
Cash	130,9 k €	+0.3%	130,4 k €	-3.5%	135,2 k €	+47.8%	91,5 k €	-5.3%	96,6 k €	-37.7%	155 k €	+29.3%	119,9 k €	+57.4%	76,2 k €	+71.6%	44,4 k €	-70.1%	148,5 k €	+26.5%	117,4 k €	+14.9%	102,2 k €	+72.3%	59,3 k €	+4.1%	57 k €	+262%	15,7 k €	-8.8%	17,3 k €	+154%	6,8 k €	-65.8%	19,8 k €	+1315%	1,4 k €	-81.0%	7,4 k €
Debts	233 €	-83.4%	1,4 k €	-95.9%	34,6 k €	-29.9%	49,3 k €	-37.6%	79 k €	-15.2%	93,2 k €	-10.2%	103,7 k €	-15.6%	122,8 k €	-14.0%	142,8 k €	+5548%	2,5 k €	-32.9%	3,8 k €	-58.4%	9 k €	-94.5%	164,6 k €	+1072%	14 k €	+80.8%	7,8 k €	-67.7%	24,1 k €	+16.3%	20,7 k €	-10.0%	23 k €	+3.9%	22,1 k €	+167%	8,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 17 ended

Active mandates

Frank Verdonck

Managing director · since 16 novembre 1993

Active

Ann Buvens

Director

Active

Wim VERDONCK

Director

Active

Ended mandates

Wim VERDONCK

Director · since 25 mai 2018

Ended

Ann Buvens

Director · since 26 mai 2017 · until 26 mai 2023

Ended

Ann Buvens

Director · since 26 mai 2017

Ended

Erik Geysels

Director · since 26 mai 2017 · until 26 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Familie Verdonck Maldeghem● Active	0717.614.215

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	08/06/2026	17/06/2025	12/06/2024	22/06/2023	22/06/2022	15/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Abridged model	31/12/2025	29/05/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	17/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	12/06/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	22/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	15/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	03/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	12/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	18/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	02/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	30/05/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2023 · 3 active · 17 ended

Active mandates

Frank Verdonck

Managing director · since 16 novembre 1993

Active

Ann Buvens

Director

Active

Wim VERDONCK

Director

Active

Ended mandates

Wim VERDONCK

Director · since 25 mai 2018

Ended

Ann Buvens

Director · since 26 mai 2017 · until 26 mai 2023

Ended

Ann Buvens

Director · since 26 mai 2017

Ended

Erik Geysels

Director · since 26 mai 2017 · until 26 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/02/2014
KAPITAAL - AANDELEN
PDF
Mandates28/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2006
ONTSLAGEN - BENOEMINGEN
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 20255,4 k €↑
2024
Annual accounts 20242,8 k €↓
2023
Annual accounts 202344 k €↑
2022
Annual accounts 202225,8 k €↓
2021
Annual accounts 202149,6 k €↑
2020
Annual accounts 202039,6 k €↓
2019
Annual accounts 201944,5 k €↑
2018
Annual accounts 201838,5 k €↑
2017
Annual accounts 201717,4 k €↓
2016
Annual accounts 201633,1 k €↑
2015
Annual accounts 201526,5 k €↓
2014
Annual accounts 201453,4 k €↑
2013
Annual accounts 201327,1 k €↓
2012
Annual accounts 201245,1 k €↑
2011
Annual accounts 201114,6 k €↑
2010
Annual accounts 2010-1,3 k €↑
2009
Annual accounts 2009-13,8 k €↑
2008
Annual accounts 2008-23,7 k €↓
2007
Annual accounts 20071,1 k €↓
2006
Annual accounts 200615,2 k €
05/06/1986
IncorporationPublic 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

TIE - BREAK

Overview

What does TIE - BREAK do?

Trend over 20 financial years

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