ACTIVE

TENNESSEE

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 k €

-55.7% YoY

Gross margin

292,1 k €

+8.3% YoY

Equity

39,4 k €

+8.8% YoY

What does TENNESSEE do?

TENNESSEE is a Private limited company incorporated in 1989. Its main activity is: Gambling and betting activities. Its registered office is in Comines-Warneton.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.718.033

Incorporation

31/10/1989

Legal form

Private limited company

Registered office

Chemin de la Blanche(PL) 130
7782 Comines-Warneton · WallonieSee on map

Contributed capital

1 197,96 €

Latest accounts

31/12/2025

Activities (NACE)

92613Gambling and betting activities· main 92722Gambling and betting activities 93110Operation of sports facilities 93110Operation of sports facilities 93299Other amusement and recreation activities 93299Other amusement and recreation activities+4

Joint committees (2)

302
30200

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	292,1 k €	+8.3%	269,6 k €	-26.6%	367,2 k €	+50.2%	244,4 k €	+63.4%	149,6 k €	-55.7%	337,7 k €	+17.2%	288,1 k €	+9.9%	262 k €	-4.4%	274,1 k €	+20.9%	226,7 k €	+1.2%	224,1 k €	-11.5%	253,1 k €	+36.1%	186 k €	-5.4%	196,7 k €	-1.6%	199,9 k €	+5.8%	189 k €	-1.0%	190,9 k €	-5.7%	202,4 k €
EBITDA	54 k €	-9.0%	59,4 k €	-67.9%	185,2 k €	+18.0%	157 k €	+229%	47,8 k €	-70.9%	164,4 k €	+24.5%	132 k €	-13.2%	152,1 k €	+12.1%	135,7 k €	+119%	61,8 k €	+18.1%	52,4 k €	-41.8%	89,9 k €	+140%	37,5 k €	-40.7%	63,2 k €	-10.1%	70,3 k €	+24.1%	56,6 k €	+3.5%	54,7 k €	+28.6%	42,5 k €
Operating result	18,9 k €	-29.6%	26,8 k €	-78.4%	124,3 k €	+29.4%	96,1 k €	+667%	-16,9 k €	-121%	82,4 k €	+10.7%	74,4 k €	-37.4%	118,8 k €	+11.1%	106,9 k €	+205%	35 k €	+412%	6,8 k €	-84.3%	43,5 k €	+4116%	-1,1 k €	-105%	22,5 k €	+486%	-5,8 k €	+73.3%	-21,9 k €	+42.0%	-37,7 k €	+37.1%	-59,9 k €
Net result	3,2 k €	-55.7%	7,2 k €	-91.2%	81,3 k €	+3.8%	78,3 k €	+420%	-24,4 k €	-150%	48,7 k €	-17.1%	58,8 k €	-45.4%	107,6 k €	+4.1%	103,4 k €	+211%	33,2 k €	+571%	4,9 k €	-87.5%	39,5 k €	+1301%	-3,3 k €	-122%	15,2 k €	+198%	-15,5 k €	+49.0%	-30,4 k €	+37.1%	-48,3 k €	+37.9%	-77,8 k €
Balance sheet
Equity	39,4 k €	+8.8%	36,2 k €	-89.7%	352,5 k €	+30.0%	271,2 k €	+40.6%	192,9 k €	-11.2%	217,4 k €	+28.9%	168,6 k €	-57.3%	394,9 k €	+37.5%	287,2 k €	+56.2%	183,8 k €	+22.0%	150,6 k €	+3.4%	145,7 k €	+37.1%	106,2 k €	-3.0%	109,5 k €	+16.1%	94,4 k €	-14.1%	109,9 k €	-21.7%	140,3 k €	-25.6%	188,7 k €
Total assets	316,5 k €	+11.6%	283,6 k €	-60.3%	715,3 k €	+4.5%	684,3 k €	+38.3%	494,7 k €	-20.4%	621,8 k €	+14.3%	544,1 k €	+1.8%	534,7 k €	+45.5%	367,4 k €	+24.1%	296,1 k €	+14.2%	259,2 k €	-13.5%	299,8 k €	+4.8%	286 k €	-10.0%	317,6 k €	-7.5%	343,4 k €	-10.5%	383,7 k €	-16.7%	460,5 k €	-12.9%	528,9 k €
Cash	26,8 k €	-5.7%	28,4 k €	-39.0%	46,6 k €	+78.3%	26,1 k €	+493%	4,4 k €	-83.1%	26 k €	+87.4%	13,9 k €	+121%	6,3 k €	-68.7%	20,1 k €	-16.4%	24,1 k €	+38.0%	17,4 k €	+186%	6,1 k €	+32.4%	4,6 k €	-23.5%	6 k €	-1.4%	6,1 k €	+765%	704 €	-94.9%	13,9 k €	+1222%	1,1 k €
Debts	277,2 k €	+24.3%	223,1 k €	-38.0%	359,7 k €	-12.9%	413 k €	+36.9%	301,8 k €	-25.4%	404,4 k €	+7.8%	375 k €	+172%	138,1 k €	+72.3%	80,2 k €	-28.6%	112,3 k €	+3.4%	108,6 k €	-26.7%	148,2 k €	-13.9%	172,2 k €	-13.3%	198,5 k €	-20.3%	249,1 k €	-8.7%	272,8 k €	-14.8%	320,2 k €	-5.3%	338 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		5,2 ETP	+10.6%	4,7 ETP	+6.8%	4,4 ETP	+2.3%	4,3 ETP	+34.4%	3,2 ETP	-20.0%	4,0 ETP	+2.6%	3,9 ETP	-2.5%	4,0 ETP	-33.3%	6,0 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 · 3 active · 12 ended

Active mandates

Florence Odette Desbonnets

Director · since 22 décembre 2017

Active

Liliane Devroede

Director · since 22 décembre 2017

Active

Pierre Louis Desbonnets

Director · since 22 décembre 2017

Active

Ended mandates

Florence Desbonnets

Director · since 04 janvier 2018

Ended

Florence Desbonnets

Manager · since 04 janvier 2018

Ended

Liliane Devroede

Director · since 04 janvier 2018

Ended

Liliane Devroede

Manager · since 04 janvier 2018

Ended

At this address

Other companies at this address

Company	CBE no.
FLOVIR● Active	1007.319.759
GROEP TENNESSEE● Active	1009.795.140

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	31/08/2026	22/08/2025	22/07/2024	14/07/2023	13/07/2022	30/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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	19/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	20/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	21/06/2024	22/07/2024	French	PDF
Micro model	31/12/2022	16/06/2023	14/07/2023	French	PDF
Micro model	31/12/2021	17/06/2022	13/07/2022	French	PDF
Micro model	31/12/2020	18/06/2021	30/06/2021	French	PDF
Micro model	31/12/2019	19/06/2020	17/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	05/07/2019	French	PDF
Micro model	31/12/2017	15/06/2018	06/07/2018	French	PDF
Micro model	31/12/2016	16/06/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	03/07/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	02/07/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	24/06/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	25/06/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	27/06/2007	French	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 · 3 active · 12 ended

Active mandates

Florence Odette Desbonnets

Director · since 22 décembre 2017

Active

Liliane Devroede

Director · since 22 décembre 2017

Active

Pierre Louis Desbonnets

Director · since 22 décembre 2017

Active

Ended mandates

Florence Desbonnets

Director · since 04 janvier 2018

Ended

Florence Desbonnets

Manager · since 04 janvier 2018

Ended

Liliane Devroede

Director · since 04 janvier 2018

Ended

Liliane Devroede

Manager · since 04 janvier 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/04/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/11/2023
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates16/01/2018
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates09/08/2013
DEMISSIONS, NOMINATIONS
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 20253,2 k €↓
2024
Annual accounts 20247,2 k €↓
2022
Annual accounts 202281,3 k €↑
2021
Annual accounts 202178,3 k €↑
2020
Annual accounts 2020-24,4 k €↓
2019
Annual accounts 201948,7 k €↓
2018
Annual accounts 201858,8 k €↓
2017
Annual accounts 2017107,6 k €↑
2016
Annual accounts 2016103,4 k €↑
2015
Annual accounts 201533,2 k €↑
2014
Annual accounts 20144,9 k €↓
2013
Annual accounts 201339,5 k €↑
2012
Annual accounts 2012-3,3 k €↓
2011
Annual accounts 201115,2 k €↑
2010
Annual accounts 2010-15,5 k €↑
2009
Annual accounts 2009-30,4 k €↑
2008
Annual accounts 2008-48,3 k €↑
2007
Annual accounts 2007-77,8 k €
31/10/1989
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

TENNESSEE

Overview

What does TENNESSEE do?

Trend over 18 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