ACTIVE

TESET

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Financial year 2024 · closed on 31/12/2024

Net result

-28,4 k €

-15.0% YoY

Gross margin

-26,8 k €

-15.0% YoY

Equity

-285,4 k €

-11.1% YoY

What does TESET do?

TESET is a Public limited company incorporated in 1988. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Bütgenbach.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.036.792

Incorporation

12/04/1988

Legal form

Public limited company

Registered office

Zur Domäne 15
4750 Bütgenbach · WallonieSee on map

Contributed capital

1 041 152,80 €

Latest accounts

31/12/2024

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis 68322Management of real estate on a fee or contract basis

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-26,8 k €	-15.0%	-23,3 k €	+24.7%	-30,9 k €	-322%	-7,3 k €	+22.8%	-9,5 k €	-102%	408,1 k €	+2419%	16,2 k €	-81.1%	85,8 k €	+824%	9,3 k €	-87.9%	76,6 k €	+120%	34,8 k €	+114%	16,2 k €	+786%	-2,4 k €	-108%	31,2 k €	+340%	7,1 k €	-83.4%	42,7 k €	+42.1%	30 k €	+335%	-12,8 k €	+80.7%	-66,2 k €
EBITDA	-28,2 k €	-15.6%	-24,4 k €	+26.1%	-33 k €	-323%	-7,8 k €	+76.1%	-32,6 k €	-108%	395 k €	+3899%	9,9 k €	-86.9%	75,6 k €	+3158%	2,3 k €	-96.2%	61,8 k €	+159%	-105,4 k €	-1022%	11,4 k €	+231%	-8,7 k €	-135%	25,2 k €	+1107%	2,1 k €	-94.6%	38,6 k €	+45.6%	26,5 k €	+257%	-16,9 k €	+76.0%	-70,1 k €
Operating result	-28,2 k €	-15.6%	-24,4 k €	+26.1%	-33 k €	-323%	-7,8 k €	+76.1%	-32,6 k €	-108%	395 k €	+7734%	-5,2 k €	-111%	47,9 k €	+198%	-49 k €	-776%	7,2 k €	+104%	-186,4 k €	-168%	-69,5 k €	+22.5%	-89,7 k €	-78.8%	-50,2 k €	+29.8%	-71,5 k €	-133%	-30,7 k €	+28.3%	-42,8 k €	+52.3%	-89,7 k €	+36.4%	-141 k €
Net result	-28,4 k €	-15.0%	-24,7 k €	-37.0%	-18,1 k €	-128%	-7,9 k €	+76.1%	-33,1 k €	-108%	417,7 k €	+2460%	16,3 k €	-76.0%	68,1 k €	+415%	-21,6 k €	-165%	33 k €	+120%	-161,8 k €	-246%	-46,8 k €	-8.1%	-43,2 k €	-181%	-15,4 k €	+62.8%	-41,4 k €	-82.2%	-22,7 k €	+40.7%	-38,4 k €	+58.1%	-91,6 k €	-33.8%	-68,5 k €
Balance sheet
Equity	-285,4 k €	-11.1%	-257 k €	-10.6%	-232,3 k €	-8.4%	-214,2 k €	-3.8%	-206,3 k €	-19.1%	-173,1 k €	+70.7%	-590,8 k €	+2.7%	-607,1 k €	+10.1%	-675,2 k €	-3.3%	-653,6 k €	+4.8%	-686,7 k €	-30.8%	-524,8 k €	-9.8%	-478,1 k €	-9.9%	-434,8 k €	-3.7%	-419,4 k €	-11.0%	-378 k €	-6.4%	-355,3 k €	-12.1%	-316,9 k €	-40.7%	-225,3 k €
Total assets	36,9 k €	-47.7%	70,5 k €	-11.9%	80 k €	-72.6%	292,2 k €	-2.5%	299,7 k €	-22.6%	387,1 k €	-49.1%	760,3 k €	+2.5%	741,6 k €	-21.6%	945,7 k €	-2.8%	973 k €	-75.3%	3,9 M €	-4.0%	4,1 M €	-2.1%	4,2 M €	-1.2%	4,2 M €	-3.6%	4,4 M €	-4.0%	4,6 M €	-0.9%	4,6 M €	-1.8%	4,7 M €	+32.3%	3,6 M €
Cash	26,5 k €	-57.7%	62,6 k €	-13.2%	72,1 k €	-74.6%	284,2 k €	-2.6%	291,7 k €	-24.3%	385,6 k €	+288%	99,3 k €	+36.8%	72,6 k €	-41.5%	124,1 k €	+12.5%	110,3 k €	+4.5%	105,5 k €	+74.8%	60,4 k €	-33.7%	91,1 k €	+30.9%	69,6 k €	+21.6%	57,2 k €	-55.1%	127,3 k €	+23.4%	103,2 k €	-4.0%	107,4 k €	-66.3%	319 k €
Debts	318,9 k €	-2.6%	327,5 k €	+4.9%	312,3 k €	-38.3%	506,4 k €	+0.1%	506 k €	-9.7%	560,2 k €	-58.5%	1,4 M €	+0.2%	1,3 M €	-16.8%	1,6 M €	-0.3%	1,6 M €	-64.8%	4,6 M €	-0.1%	4,6 M €	-0.9%	4,7 M €	-0.2%	4,7 M €	-3.0%	4,8 M €	-2.9%	5 M €	-0.4%	5 M €	-0.9%	5 M €	+32.8%	3,8 M €

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 8 ended

Active mandates

Hans-Henning SCHRADER

Managing director · since 19 mai 2023 · until 01 mai 2029

Active

Michael OSTWALD

Managing director · since 19 mai 2023 · until 01 mai 2029

Active

Ended mandates

Hans-Henning SCHRADER

Managing director · since 19 mai 2023 · until 19 mai 2023

Ended

Hans-Henning SCHRADER

Managing director · since 19 mai 2017 · until 19 mai 2023

Ended

Michael OSTWALD

Managing director · since 19 mai 2017 · until 19 mai 2023

Ended

Hans-Henning SCHRADER

Managing director · since 20 mai 2011 · until 19 mai 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Bureau d'Expertises POTH● Active	0457.361.631
HALNI● Active	0633.510.067

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	31/10/2024	30/08/2023	30/08/2022	31/08/2021	02/11/2020
General meeting	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021	20/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	16/05/2025	30/09/2025	French	PDF
Micro model	31/12/2023	17/05/2024	31/10/2024	French	PDF
Micro model	31/12/2022	19/05/2023	30/08/2023	French	PDF
Micro model	31/12/2021	20/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	20/07/2020	02/11/2020	French	PDF
Micro model	31/12/2018	17/05/2019	20/09/2019	French	PDF
Micro model	31/12/2017	18/05/2018	13/08/2018	French	PDF
Micro model	31/12/2016	19/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	22/07/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	16/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	22/05/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	02/08/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	25/06/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	27/09/2007	French	PDF

Estimate

Indicative valuation

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 31/12/2024 · 2 active · 8 ended

Active mandates

Hans-Henning SCHRADER

Managing director · since 19 mai 2023 · until 01 mai 2029

Active

Michael OSTWALD

Managing director · since 19 mai 2023 · until 01 mai 2029

Active

Ended mandates

Hans-Henning SCHRADER

Managing director · since 19 mai 2023 · until 19 mai 2023

Ended

Hans-Henning SCHRADER

Managing director · since 19 mai 2017 · until 19 mai 2023

Ended

Michael OSTWALD

Managing director · since 19 mai 2017 · until 19 mai 2023

Ended

Hans-Henning SCHRADER

Managing director · since 20 mai 2011 · until 19 mai 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates07/10/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates05/10/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2024
Annual accounts 2024-28,4 k €↓
2023
Annual accounts 2023-24,7 k €↓
2022
Annual accounts 2022-18,1 k €↓
2021
Annual accounts 2021-7,9 k €↑
2020
Annual accounts 2020-33,1 k €↓
2019
Annual accounts 2019417,7 k €↑
2018
Annual accounts 201816,3 k €↓
2017
Annual accounts 201768,1 k €↑
2016
Annual accounts 2016-21,6 k €↓
2015
Annual accounts 201533 k €↑
2014
Annual accounts 2014-161,8 k €↓
2013
Annual accounts 2013-46,8 k €↓
2012
Annual accounts 2012-43,2 k €↓
2011
Annual accounts 2011-15,4 k €↑
2010
Annual accounts 2010-41,4 k €↓
2009
Annual accounts 2009-22,7 k €↑
2008
Annual accounts 2008-38,4 k €↑
2007
Annual accounts 2007-91,6 k €↓
2006
Annual accounts 2006-68,5 k €
12/04/1988
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

TESET

Overview

What does TESET do?

Trend over 19 financial years

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