ACTIVE

TLN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

166,2 k €

+2.1% YoY

Gross margin

534,4 k €

+5.9% YoY

Equity

172,6 k €

+0.7% YoY

Workforce

4,0 ETP

+11.1% YoY

What does TLN do?

TLN is a Private limited company incorporated in 1989. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Vosselaar. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.837.223

Incorporation

24/02/1989

Legal form

Private limited company

Registered office

Antwerpsesteenweg 167
2350 Vosselaar · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	534,4 k €	+5.9%	504,5 k €	-6.7%	540,9 k €	+5.9%	510,6 k €	-2.9%	525,9 k €	-1.9%	535,9 k €	-7.7%	580,6 k €	+53.3%	378,8 k €	-47.9%	726,7 k €	-0.5%	730,6 k €	+5.1%	694,9 k €	-1.7%	706,8 k €	+29.8%	544,7 k €	+325%	128,1 k €	+164%	48,5 k €	-27.5%	66,8 k €	+33.5%	50 k €	-38.5%	81,3 k €	+585%	11,9 k €
EBITDA	260,8 k €	-3.6%	270,5 k €	-11.3%	304,9 k €	-0.3%	305,7 k €	-7.2%	329,5 k €	-0.5%	331,3 k €	+5.1%	315,3 k €	+11.6%	282,6 k €	-59.5%	698,3 k €	+72.7%	404,4 k €	-5.9%	429,7 k €	-5.5%	455 k €	+32.6%	343,1 k €	+297%	86,4 k €	+82.5%	47,4 k €	-25.8%	63,8 k €	+31.9%	48,4 k €	-39.3%	79,7 k €	+731%	9,6 k €
Operating result	196,1 k €	-0.6%	197,3 k €	-12.7%	226 k €	+93.0%	117,1 k €	-3.3%	121,1 k €	+7.4%	112,8 k €	+17.2%	96,3 k €	+3.8%	92,7 k €	-84.5%	598,6 k €	+83.0%	327 k €	-2.5%	335,3 k €	-12.3%	382,3 k €	+27.6%	299,5 k €	+798%	33,3 k €	-29.6%	47,4 k €	-25.8%	63,8 k €	+31.9%	48,4 k €	-39.3%	79,7 k €	+731%	9,6 k €
Net result	166,2 k €	+2.1%	162,8 k €	-13.1%	187,2 k €	+114%	87,4 k €	-4.8%	91,8 k €	-1.2%	92,9 k €	-5.9%	98,8 k €	+21.8%	81,1 k €	-81.7%	442,3 k €	+59.9%	276,6 k €	+32.5%	208,7 k €	-41.4%	356,1 k €	+64.2%	216,9 k €	+7385%	-3 k €	-40.8%	-2,1 k €	-116%	13 k €	+709%	1,6 k €	-93.5%	24,6 k €	+176%	-32,2 k €
Balance sheet
Equity	172,6 k €	+0.7%	171,4 k €	+8.1%	158,6 k €	-21.7%	202,5 k €	+1.2%	200,1 k €	-52.2%	418,3 k €	+0.7%	415,4 k €	+13.3%	366,6 k €	-17.7%	445,5 k €	-1.7%	453,2 k €	+0.3%	451,7 k €	-2.4%	463 k €	+50.9%	306,8 k €	+5.8%	289,9 k €	-1.0%	292,9 k €	-0.7%	295 k €	+4.6%	282 k €	+0.6%	280,4 k €	+9.6%	255,8 k €
Total assets	669,7 k €	-3.4%	693,6 k €	-2.9%	714,7 k €	-10.9%	801,9 k €	-11.9%	910,5 k €	-26.0%	1,2 M €	-16.3%	1,5 M €	-6.9%	1,6 M €	+120%	718,9 k €	+2.8%	699,4 k €	-16.0%	832,5 k €	+10.1%	756,2 k €	-12.8%	867 k €	-9.8%	961,4 k €	+6.9%	899,3 k €	-0.7%	906 k €	+3.2%	877,8 k €	+4.0%	843,8 k €	-3.4%	873,8 k €
Cash	217,6 k €	+16.4%	187 k €	+55.8%	120,1 k €	-15.0%	141,2 k €	+21.3%	116,4 k €	-53.3%	249,3 k €	-6.9%	267,8 k €	+13.5%	236 k €	-44.2%	423,2 k €	+109%	202,4 k €	+2.0%	198,3 k €	+63.4%	121,4 k €	-45.6%	223,3 k €	+1107%	18,5 k €	+322%	4,4 k €	-14.7%	5,1 k €	-37.4%	8,2 k €	+687%	1 k €	-85.8%	7,3 k €
Debts	497,2 k €	-4.8%	522,2 k €	-6.1%	556,1 k €	-7.2%	599,3 k €	-15.6%	709,9 k €	-12.5%	811,2 k €	-23.0%	1,1 M €	-13.0%	1,2 M €	+343%	273,4 k €	+11.1%	246,2 k €	-35.3%	380,5 k €	+30.0%	292,8 k €	-47.7%	560,2 k €	-16.6%	671,4 k €	+10.7%	606,4 k €	-0.8%	611 k €	+2.6%	595,8 k €	+5.8%	563,4 k €	-8.8%	618 k €
Other
Workforce	4,0 ETP	+11.1%	3,6 ETP	+9.1%	3,3 ETP	0.0%	3,3 ETP	-5.7%	3,5 ETP	-7.9%	3,8 ETP	-5.0%	4,0 ETP	+186%	1,4 ETP	+55.6%	0,9 ETP	-75.0%	3,6 ETP	-23.4%	4,7 ETP	+9.3%	4,3 ETP	+2.4%	4,2 ETP	+44.8%	2,9 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

MaTho Invest

Director · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Active

Ended mandates

MaTho Invest

Manager · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Ended

MaTho Invest

Manager · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Ended

LUDO TIELEN

Manager

Ended

MaTho Invest

Manager · 0537.581.819

Represented by Cedric Tielen

Ended

At this address

Other companies at this address

Company	CBE no.
Aagje De Graeve● Active	1026.315.131
Facial-Op● Active	0737.951.056

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	19/06/2026	02/07/2025	15/07/2024	14/07/2023	15/06/2022	29/06/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/05/2022	15/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	15/05/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/04/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	01/10/2018	Dutch	PDF
Abridged model	31/12/2016	15/04/2017	17/07/2017	Dutch	PDF
Abridged model	30/09/2015	29/01/2016	29/02/2016	Dutch	PDF
Abridged model	30/09/2014	15/01/2015	03/02/2015	Dutch	PDF
Abridged model	30/09/2013	15/01/2014	29/01/2014	Dutch	PDF
Abridged model	30/09/2012	31/03/2013	06/06/2013	Dutch	PDF
Abridged model	30/09/2011	28/01/2012	28/02/2012	Dutch	PDF
Abridged model	30/09/2010	27/12/2010	10/01/2011	Dutch	PDF
Abridged model	30/09/2009	11/01/2010	08/02/2010	Dutch	PDF
Abridged model	30/09/2008	02/01/2009	07/04/2009	Dutch	PDF
Abridged model	30/09/2007	31/01/2008	28/02/2008	Dutch	PDF
Abridged model	30/09/2006	31/01/2007	14/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

MaTho Invest

Director · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Active

Ended mandates

MaTho Invest

Manager · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Ended

MaTho Invest

Manager · since 22 août 2013 · 0537.581.819

Represented by Cedric Tielen

Ended

LUDO TIELEN

Manager

Ended

MaTho Invest

Manager · 0537.581.819

Represented by Cedric Tielen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office14/11/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Other19/10/2016
ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring15/07/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring03/06/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other28/01/2014
ALGEMENE VERGADERING
PDF
Mandates20/09/2013
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring31/12/2012
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025166,2 k €↑
2024
Annual accounts 2024162,8 k €↓
2023
Annual accounts 2023187,2 k €↑
2022
Annual accounts 202287,4 k €↓
2021
Annual accounts 202191,8 k €↓
2020
Annual accounts 202092,9 k €↓
2019
Annual accounts 201998,8 k €↑
2018
Annual accounts 201881,1 k €↓
2018
Name changeTLN
2017
Annual accounts 2017442,3 k €↑
2016
Annual accounts 2016276,6 k €↑
2015
Annual accounts 2015208,7 k €↓
2014
Annual accounts 2014356,1 k €↑
2013
Annual accounts 2013216,9 k €↑
2012
Annual accounts 2012-3 k €↓
2012
Name changeTielen C & L Accountants
2011
Annual accounts 2011-2,1 k €↓
2010
Annual accounts 201013 k €↑
2009
Annual accounts 20091,6 k €↓
2008
Annual accounts 200824,6 k €↑
2007
Annual accounts 2007-32,2 k €
2007
Name changeFIDUCIAIRE TIELEN
24/02/1989
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

TLN

Overview

What does TLN do?

Trend over 19 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