ACTIVE

RAFFINERIE TIRLEMONTOISE

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Financial year 2026 · Closed on 28/02/2026

Net result-42,5 M €-2 200,2 %over 1 year
Revenue367,9 M €-29,7 %over 1 year
Equity348,9 M €-52,9 %over 1 year
Workforce545,3 ETP-1,8 %over 1 year

Identity

Source · BCE/KBO

RAFFINERIE TIRLEMONTOISE is a Public limited company incorporated in 1988. Its main activity is: Manufacture of sugar. Its registered office is in Tienen. It employs on average 545,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0436.410.522
Incorporation
29/12/1988
Legal form
Public limited company
Registered office
Aandorenstraat 1
3300 Tienen · FlandreSee on map
Contributed capital
93 031 451,02 €
Latest accounts
28/02/2026
Average workforce
545,3 ETP
Joint committees (2)
  • 220
  • 220000
Signals
Solid equityGood liquidityHigh revenue

Financials

Source · NBB, 40 filings

Trend over 16 financial years

20262025202420232022
Income statement
Revenue367,9 M €523,2 M €544,1 M €432,6 M €378,4 M €
EBITDA-23 M €9,2 M €81,7 M €55,2 M €49,1 M €
Operating result-48,5 M €-8,8 M €64,4 M €40,8 M €34,7 M €
Net result-42,5 M €2 M €59,4 M €40,7 M €34,9 M €
Balance sheet
Equity348,9 M €741,4 M €741,9 M €682,1 M €680,3 M €
Total assets795,4 M €887 M €989,3 M €924,9 M €814,6 M €
Cash468,6 k €28,1 k €162,6 k €1,4 M €1,2 M €
Debts440,9 M €141,7 M €242,6 M €237,6 M €128,8 M €
Other
Workforce545,3 ETP555,3 ETP563,0 ETP553,5 ETP543,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 28/02/2026

2 active · 43 ended

Active mandates

Jan INGELS

Director · since 01 janvier 2026 · until 30 juin 2031

Active
Guy PATERNOSTER

Director · since 25 février 2020 · until 31 décembre 2025

Active

Ended mandates

Guy PATERNOSTER

Director · since 25 février 2020 · until 24 juin 2025

Ended
Guy PATERNOSTER

Director · since 25 février 2020 · until 30 juin 2025

Ended
Thomas KOLBL

Director · since 24 juin 2019 · until 25 février 2020

Ended
Dr. Hans-Jorg GEBHARD

Director · since 25 juin 2018 · until 25 février 2020

Ended

Other companies at this address

Aandorenstraat 1 3300 Tienen
CompanyCBE no.
Elite Portion Pack Belgium● Active
0647.840.531
R.T. HOLDING● Liquidation
0400.978.895
SPORT- EN ONTSPANNINGSKRING VAN HET PERSONEEL DER TIENSE SUIKERRAFFINADERIJ● Active
0416.029.139
Tiense Depositokas - Caisse tirlemontoise de Dépôts● Liquidation
0400.978.796
Voorzorgsfonds van het Personeel der Tiense Suikerraffinaderijfabriek van Tienen● Active
0410.770.650

Full financial information

Source · NBB
202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/03/202501/03/202401/03/202301/03/202201/03/202101/03/2020
Closing of the financial year28/02/202628/02/202529/02/202428/02/202328/02/202228/02/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/07/202610/07/202512/07/202411/07/202307/07/202202/07/2021
General meeting29/06/202630/06/202524/06/202426/06/202327/06/202228/06/2021
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, 40 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model28/02/202629/06/202613/07/2026FrenchPDF
Full model28/02/202629/06/202606/07/2026DutchPDF
Full model28/02/202530/06/202510/07/2025DutchPDF
Full model28/02/202530/06/202510/07/2025FrenchPDF
Full model29/02/202424/06/202412/07/2024FrenchPDF
Full model29/02/202424/06/202412/07/2024DutchPDF
Full model28/02/202326/06/202311/07/2023FrenchPDF
Full model28/02/202326/06/202305/07/2023DutchPDF
Full model28/02/202227/06/202207/07/2022DutchPDF
Full model28/02/202227/06/202207/07/2022FrenchPDF
Full model28/02/202128/06/202102/07/2021DutchPDF
Full model28/02/202128/06/202101/07/2021FrenchPDF
Full model29/02/202029/06/202022/07/2020FrenchPDF
Full model29/02/202029/06/202022/07/2020DutchPDF
Full model28/02/201924/06/201911/07/2019FrenchPDF
Full model28/02/201924/06/201911/07/2019DutchPDF
Full model28/02/201825/06/201810/07/2018FrenchPDF
Full model28/02/201825/06/201829/06/2018DutchPDF
Full model28/02/201726/06/201712/07/2017DutchPDF
Full model28/02/201726/06/201711/07/2017FrenchPDF
Full model29/02/201627/06/201611/07/2016DutchPDF
Full model29/02/201627/06/201611/07/2016FrenchPDF
Full model28/02/201529/06/201507/07/2015DutchPDF
Full model28/02/201529/06/201507/07/2015FrenchPDF

View all 40 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 28/02/2026

2 active · 43 ended

Active mandates

Jan INGELS

Director · since 01 janvier 2026 · until 30 juin 2031

Active
Guy PATERNOSTER

Director · since 25 février 2020 · until 31 décembre 2025

Active

Ended mandates

Guy PATERNOSTER

Director · since 25 février 2020 · until 24 juin 2025

Ended
Guy PATERNOSTER

Director · since 25 février 2020 · until 30 juin 2025

Ended
Thomas KOLBL

Director · since 24 juin 2019 · until 25 février 2020

Ended
Dr. Hans-Jorg GEBHARD

Director · since 25 juin 2018 · until 25 février 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares16/04/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates30/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/04/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/07/2019
    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. 2026
    Annual accounts 2026-42,5 M €↓
  2. 27/02/2026
    reduction_capital
  3. 16/01/2026
    nominationJan Ingels — Enige Bestuurder en CEO
  4. 2026
    Name changeTiense Suikerraffinaderij - Raffinerie Tirlemontoise
  5. 01/01/2026
    nominationJan Ingels — enige bestuurder
  6. 2025
    Annual accounts 20252 M €↓
  7. 2024
    Annual accounts 202459,4 M €↑
  8. 26/06/2023
    nominationKPMG Bedrijfsrevisoren — commissaris op Groepsniveau
  9. 2023
    Annual accounts 202340,7 M €↑
  10. 2022
    Annual accounts 202234,9 M €↑
  11. 2021
    Annual accounts 20212,5 M €↓
  12. 2020
    Annual accounts 202066 M €↑
  13. 2019
    Annual accounts 2019-168,6 M €↓
  14. 2018
    Annual accounts 201851,9 M €↑
  15. 2017
    Annual accounts 201746,3 M €↓
  16. 2016
    Annual accounts 201651,2 M €↑
  17. 2015
    Annual accounts 201533,1 M €↓
  18. 2014
    Annual accounts 2014112 M €↓
  19. 2013
    Annual accounts 2013197,2 M €↑
  20. 2012
    Annual accounts 2012119,7 M €↑
  21. 2011
    Annual accounts 201195,3 M €
  22. 2011
    Name changeRAFFINERIE TIRLEMONTOISE - TIENSE SUIKERRAFFINADERIJ
  23. 29/12/1988
    IncorporationPublic limited company