ACTIVE

TOKAROS

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Financial year 2025 · closed on 31/12/2025

Net result

34,9 k €

+175.0% YoY

Gross margin

69,9 k €

+124.7% YoY

Equity

364,8 k €

+10.6% YoY

What does TOKAROS do?

TOKAROS is a Public limited company incorporated in 1987. Its main activity is: Management consultancy activities. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.515.674

Incorporation

09/11/1987

Legal form

Public limited company

Registered office

Frilinglei 41
2930 Brasschaat · FlandreSee on map

Contributed capital

75 010,59 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

14902

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	69,9 k €	+125%	31,1 k €	-41.6%	53,3 k €	+89.4%	28,1 k €	-10.1%	31,3 k €	-37.2%	49,8 k €	-61.4%	129,2 k €	+4.4%	123,7 k €	+0.8%	122,7 k €	+12.8%	108,8 k €	+22.7%	88,7 k €	+2.0%	87 k €	-11.0%	97,7 k €	-77.3%	430,7 k €	+25.2%	344,1 k €	+21.2%	283,8 k €	-13.3%	327,1 k €
EBITDA	60,6 k €	+170%	22,5 k €	-49.3%	44,3 k €	+116%	20,5 k €	-14.5%	24 k €	-39.1%	39,3 k €	-68.0%	122,7 k €	+3.8%	118,2 k €	+0.8%	117,3 k €	+13.2%	103,6 k €	+23.9%	83,6 k €	+4.3%	80,1 k €	-9.7%	88,7 k €	-39.9%	147,5 k €	+69.0%	87,3 k €	+4.3%	83,7 k €	-10.9%	93,8 k €
Operating result	47,9 k €	+215%	15,2 k €	-44.4%	27,4 k €	+456%	4,9 k €	-44.5%	8,9 k €	-52.1%	18,5 k €	-82.8%	107,6 k €	-9.0%	118,2 k €	+0.8%	117,3 k €	+17.2%	100,1 k €	+25.7%	79,7 k €	+16.5%	68,4 k €	+1.9%	67,1 k €	-40.1%	112,1 k €	+104%	54,9 k €	+8.6%	50,6 k €	-10.3%	56,3 k €
Net result	34,9 k €	+175%	12,7 k €	-20.7%	16 k €	+982%	1,5 k €	+197%	498,3 €	-96.8%	15,5 k €	-75.9%	64,3 k €	-11.8%	72,9 k €	-9.5%	80,5 k €	+21.6%	66,2 k €	+29.1%	51,3 k €	+16.3%	44,1 k €	+3.8%	42,5 k €	-39.7%	70,5 k €	+60.3%	44 k €	+0.5%	43,7 k €	-15.0%	51,5 k €
Balance sheet
Equity	364,8 k €	+10.6%	330 k €	-20.9%	417,3 k €	+1.5%	411,3 k €	-3.2%	424,8 k €	-14.2%	494,9 k €	-1.9%	504,4 k €	+14.6%	440,2 k €	+19.8%	367,3 k €	+12.4%	326,8 k €	-13.0%	375,5 k €	+15.8%	324,2 k €	+15.7%	280,1 k €	+7.3%	261,1 k €	+37.0%	190,6 k €	+30.0%	146,7 k €	+42.5%	102,9 k €
Total assets	412,8 k €	-5.7%	437,6 k €	+0.4%	435,9 k €	+1.5%	429,5 k €	-4.4%	449,4 k €	-13.8%	521,5 k €	+1.7%	513 k €	+9.3%	469,4 k €	+15.1%	407,9 k €	+9.7%	371,8 k €	-32.2%	548,1 k €	+7.8%	508,7 k €	+6.5%	477,4 k €	-23.6%	624,8 k €	+16.2%	537,6 k €	+3.6%	518,8 k €	+12.8%	460,1 k €
Cash	37,9 k €	+47.4%	25,7 k €	-17.5%	31,2 k €	+61.8%	19,3 k €	-55.6%	43,3 k €	-45.3%	79,2 k €	-33.4%	118,9 k €	+0.7%	118,1 k €	+110%	56,4 k €	+170%	20,9 k €	-78.5%	97,2 k €	+4.7%	92,9 k €	+171%	34,2 k €	-81.0%	180 k €	+62.4%	110,9 k €	+46.3%	75,8 k €	+69.3%	44,8 k €
Debts	47,9 k €	-55.5%	107,7 k €	+479%	18,6 k €	+1.9%	18,3 k €	-26.0%	24,7 k €	-7.0%	26,5 k €	+215%	8,4 k €	-71.1%	29,1 k €	-27.9%	40,4 k €	+1.9%	39,7 k €	-76.1%	166,2 k €	-6.4%	177,6 k €	-6.5%	190 k €	-44.1%	340,1 k €	+1.2%	336 k €	-7.1%	361,8 k €	+4.1%	347,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		7,3 ETP	+4.3%	7,0 ETP	+11.1%	6,3 ETP	-11.3%	7,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Karin Beyers

Managing director · since 14 décembre 2023 · until 14 décembre 2029

Active

Tonny WILLEMEN

Managing director · since 14 décembre 2023 · until 14 décembre 2029

Active

Ended mandates

Karin BEYERS

Managing director · since 30 avril 2016 · until 30 avril 2022

Ended

Karin BEYERS

Managing director · since 30 avril 2016 · until 13 mai 2022

Ended

Karin BEYERS

Managing director · since 30 avril 2016 · until 14 mai 2022

Ended

Tonny WILLEMEN

Managing director · since 30 avril 2016 · until 13 mai 2022

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	27/04/2026	03/03/2025	03/05/2024	01/06/2023	31/05/2022	04/06/2021
General meeting	17/04/2026	26/02/2025	03/05/2024	31/05/2023	13/05/2022	14/05/2021
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
Micro model	31/12/2025	17/04/2026	27/04/2026	Dutch	PDF
Micro model	31/12/2024	26/02/2025	03/03/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	03/05/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	01/06/2023	Dutch	PDF
Micro model	31/12/2021	13/05/2022	31/05/2022	Dutch	PDF
Micro model	31/12/2020	14/05/2021	04/06/2021	Dutch	PDF
Micro model	31/12/2019	24/07/2020	24/08/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	14/05/2018	Dutch	PDF
Micro model	31/12/2016	12/05/2017	19/05/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	18/05/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	16/05/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/01/2010	09/03/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	07/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 15 ended

Active mandates

Karin Beyers

Managing director · since 14 décembre 2023 · until 14 décembre 2029

Active

Tonny WILLEMEN

Managing director · since 14 décembre 2023 · until 14 décembre 2029

Active

Ended mandates

Karin BEYERS

Managing director · since 30 avril 2016 · until 30 avril 2022

Ended

Karin BEYERS

Managing director · since 30 avril 2016 · until 13 mai 2022

Ended

Karin BEYERS

Managing director · since 30 avril 2016 · until 14 mai 2022

Ended

Tonny WILLEMEN

Managing director · since 30 avril 2016 · until 13 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/06/2010
BENAMING - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/03/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates27/07/2004
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 202534,9 k €↑
2024
Annual accounts 202412,7 k €↓
2023
Annual accounts 202316 k €↑
2022
Annual accounts 20221,5 k €↑
2021
Annual accounts 2021498,3 €↓
2018
Annual accounts 201815,5 k €↓
2017
Annual accounts 201764,3 k €↓
2016
Annual accounts 201672,9 k €↓
2015
Annual accounts 201580,5 k €↑
2014
Annual accounts 201466,2 k €↑
2013
Annual accounts 201351,3 k €↑
2012
Annual accounts 201244,1 k €↑
2011
Annual accounts 201142,5 k €↓
2009
Annual accounts 200970,5 k €↑
2008
Annual accounts 200844 k €↑
2007
Annual accounts 200743,7 k €↓
2006
Annual accounts 200651,5 k €
09/11/1987
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

TOKAROS

Overview

What does TOKAROS do?

Trend over 17 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