ACTIVE

TEMSED

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

415,7 k €

-48.1% YoY

Gross margin

1,9 M €

+6.0% YoY

Equity

3,4 M €

+8.5% YoY

What does TEMSED do?

TEMSED is a Public limited company incorporated in 1980. Its main activity is: Computer programming activities. Its registered office is in Ninove.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.585.687

Incorporation

10/01/1980

Legal form

Public limited company

Registered office

Nederwijk-Oost 271
9400 Ninove · FlandreSee on map

Contributed capital

687 291,13 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,9 M €	+6.0%	1,8 M €	+2.6%	1,7 M €	+15.2%	1,5 M €		–		–		–		–		–		–		–		–		–		–		–		606,3 k €	+108%	291,4 k €	-7.6%	315,3 k €	-17.2%	380,8 k €
EBITDA	1,7 M €	+5.0%	1,7 M €	+10.3%	1,5 M €	+7.3%	1,4 M €	+33.3%	1,1 M €	-32.4%	1,6 M €	+103%	767 k €	+0.6%	762,1 k €	-18.7%	937,5 k €	-4.7%	983,3 k €	+413%	191,6 k €	+0.0%	191,6 k €	-7.3%	206,6 k €	-34.8%	316,8 k €	+30.4%	242,9 k €	-14.8%	285 k €	+1486%	18 k €	-72.6%	65,6 k €	-55.2%	146,7 k €
Operating result	951,1 k €	-15.6%	1,1 M €	+11.9%	1 M €	+63.9%	614,2 k €	+21.3%	506,3 k €	-57.5%	1,2 M €	+395%	240,9 k €	+87.4%	128,5 k €	-51.3%	264,1 k €	+0.1%	264 k €	+843%	-35,5 k €	+27.5%	-49 k €	-45.0%	-33,8 k €	-149%	68,4 k €	+103%	33,7 k €	-62.8%	90,6 k €	+1371%	-7,1 k €	-126%	27,5 k €	-74.4%	107,6 k €
Net result	415,7 k €	-48.1%	800,7 k €	+19.1%	672,3 k €	+92.2%	349,7 k €	-34.3%	532 k €	-41.7%	912,3 k €	+417%	176,5 k €	+346%	39,6 k €	-73.2%	147,9 k €	+2.1%	144,9 k €	+401%	-48,2 k €	+30.4%	-69,3 k €	-0.6%	-68,9 k €	-836%	9,4 k €	+353%	-3,7 k €	-139%	9,5 k €	-7.3%	10,2 k €	-67.5%	31,5 k €	-60.4%	79,5 k €
Balance sheet
Equity	3,4 M €	+8.5%	3,1 M €	+10.6%	2,8 M €	-10.4%	3,2 M €	+8.6%	2,9 M €	+17.9%	2,5 M €	+49.9%	1,6 M €	+5.5%	1,6 M €	-3.1%	1,6 M €	+3.7%	1,6 M €	+181%	552,7 k €	0.0%	552,7 k €	0.0%	552,7 k €	0.0%	552,7 k €	+1.7%	543,3 k €	-0.7%	547,1 k €	+1.8%	537,6 k €	+1.9%	527,3 k €	+6.4%	495,8 k €
Total assets	17,3 M €	+68.8%	10,2 M €	-14.7%	12 M €	+15.6%	10,4 M €	+4.7%	9,9 M €	+84.1%	5,4 M €	+9.1%	4,9 M €	-5.0%	5,2 M €	-7.2%	5,6 M €	-7.2%	6 M €	+64.6%	3,7 M €	-4.3%	3,8 M €	-5.6%	4,1 M €	-3.5%	4,2 M €	+1.4%	4,1 M €	-3.1%	4,3 M €	-1.8%	4,4 M €	+520%	702,3 k €	+4.0%	675,2 k €
Cash	942,5 k €	-58.9%	2,3 M €	+2137%	102,5 k €	-70.4%	346,6 k €	-85.4%	2,4 M €	+127%	1 M €	+70.3%	615,1 k €	+130%	267,9 k €	+7.7%	248,6 k €	-40.0%	414,6 k €	+1599%	24,4 k €	-43.9%	43,5 k €	-1.3%	44,1 k €	-47.6%	84 k €	+250%	24 k €	-73.5%	90,4 k €	+202%	29,9 k €	+129%	13,1 k €	-26.7%	17,9 k €
Debts	13,8 M €	+94.9%	7,1 M €	-22.5%	9,1 M €	+27.1%	7,2 M €	+3.0%	7 M €	+140%	2,9 M €	-11.4%	3,3 M €	-9.5%	3,6 M €	-8.9%	4 M €	-10.9%	4,5 M €	+43.9%	3,1 M €	-5.0%	3,3 M €	-6.0%	3,5 M €	-4.5%	3,6 M €	+1.3%	3,6 M €	-3.4%	3,7 M €	-1.9%	3,8 M €	+2075%	175 k €	-2.5%	179,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		13,4 ETP	+9.8%	12,2 ETP	+7.0%	11,4 ETP	+7.5%	10,6 ETP	+21.8%	8,7 ETP	+29.9%	6,7 ETP	+9.8%	6,1 ETP	+8.9%	5,6 ETP	+7.7%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

DESMET MANAGEMENT

Managing director · since 28 mai 2021 · until 29 mai 2027 · 0440.017.635

Represented by IGNAAS DESMET

Active

ELISE DESMET

Director · since 28 mai 2021 · until 29 mai 2027

Active

STIJN DESMET

Director · since 28 mai 2021 · until 29 mai 2027

Active

Ended mandates

DESMET MANAGEMENT

Director · since 29 mai 2015 · until 28 mai 2021 · 0440.017.635

Represented by IGNAAS DESMET

Ended

DESMET MANAGEMENT

Director · since 29 mai 2015 · until 29 mai 2021 · 0440.017.635

Represented by IGNAAS DESMET

Ended

DS Origins

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0847.960.439

Represented by STIJN DESMET

Ended

DS Origins

Managing director · since 29 mai 2015 · until 29 mai 2021 · 0847.960.439

Represented by STIJN DESMET

Ended

At this address

Other companies at this address

Company	CBE no.
HOME CHAMPION● Active	0449.216.995

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	30/06/2026	29/06/2025	24/06/2024	26/06/2023	27/06/2022	06/07/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

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	30/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	29/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	28/05/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	29/05/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	27/06/2020	29/07/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	26/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	04/07/2012	26/07/2012	Dutch	PDF
Full model	31/12/2010	29/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 3 active · 12 ended

Active mandates

DESMET MANAGEMENT

Managing director · since 28 mai 2021 · until 29 mai 2027 · 0440.017.635

Represented by IGNAAS DESMET

Active

ELISE DESMET

Director · since 28 mai 2021 · until 29 mai 2027

Active

STIJN DESMET

Director · since 28 mai 2021 · until 29 mai 2027

Active

Ended mandates

DESMET MANAGEMENT

Director · since 29 mai 2015 · until 28 mai 2021 · 0440.017.635

Represented by IGNAAS DESMET

Ended

DESMET MANAGEMENT

Director · since 29 mai 2015 · until 29 mai 2021 · 0440.017.635

Represented by IGNAAS DESMET

Ended

DS Origins

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0847.960.439

Represented by STIJN DESMET

Ended

DS Origins

Managing director · since 29 mai 2015 · until 29 mai 2021 · 0847.960.439

Represented by STIJN DESMET

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/08/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring10/07/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/05/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office19/08/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2003
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 2025415,7 k €↓
2024
Annual accounts 2024800,7 k €↑
2023
Annual accounts 2023672,3 k €↑
2022
Annual accounts 2022349,7 k €↓
2021
Annual accounts 2021532 k €↓
2020
Annual accounts 2020912,3 k €↑
2019
Annual accounts 2019176,5 k €↑
2018
Annual accounts 201839,6 k €↓
2017
Annual accounts 2017147,9 k €↑
2016
Annual accounts 2016144,9 k €↑
2014
Annual accounts 2014-48,2 k €↑
2013
Annual accounts 2013-69,3 k €↓
2012
Annual accounts 2012-68,9 k €↓
2011
Annual accounts 20119,4 k €↑
2010
Annual accounts 2010-3,7 k €↓
2009
Annual accounts 20099,5 k €↓
2008
Annual accounts 200810,2 k €↓
2007
Annual accounts 200731,5 k €↓
2006
Annual accounts 200679,5 k €
10/01/1980
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

TEMSED

Overview

What does TEMSED 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