ACTIVE

TAGO

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Financial year 2025 · closed on 31/03/2025

Net result

11,4 k €

-26.6% YoY

Gross margin

19,5 k €

-29.4% YoY

Equity

290,6 k €

+4.1% YoY

What does TAGO do?

TAGO is a Public limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Ellezelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.692.774

Incorporation

20/04/1990

Legal form

Public limited company

Registered office

Chaussée de Ninove 143
7890 Ellezelles · WallonieSee on map

Contributed capital

71 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 70321Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	19,5 k €	-29.4%	27,6 k €	+13.7%	24,3 k €	-44.2%	43,6 k €	+45.9%	29,9 k €	+49.7%	20 k €	-5.5%	21,1 k €	-24.4%	28 k €	+0.0%	27,9 k €	-7.1%	30,1 k €	+43.8%	20,9 k €	-43.7%	37,2 k €	+40.3%	26,5 k €	-29.7%	37,7 k €	-34.4%	57,4 k €	+221%	17,9 k €	-4.6%	18,7 k €	+11.5%	16,8 k €
EBITDA	14,2 k €	-38.0%	23 k €	+14.7%	20 k €	-44.1%	35,8 k €	+43.3%	25 k €	+59.0%	15,7 k €	-9.6%	17,4 k €	-26.4%	23,6 k €	-2.8%	24,3 k €	-6.8%	26,1 k €	+54.8%	16,8 k €	-49.4%	33,3 k €	+44.0%	23,1 k €	-32.7%	34,4 k €	-36.1%	53,7 k €	+358%	11,7 k €	-27.0%	16,1 k €	-0.9%	16,2 k €
Operating result	13,6 k €	-39.1%	22,3 k €	+15.6%	19,3 k €	-44.1%	34,5 k €	+54.9%	22,3 k €	+76.3%	12,6 k €	-6.6%	13,5 k €	-31.3%	19,7 k €	+12.8%	17,5 k €	-5.4%	18,5 k €	+107%	8,9 k €	-65.5%	25,8 k €	+57.5%	16,4 k €	-44.9%	29,7 k €	-41.4%	50,6 k €	+466%	8,9 k €	-33.5%	13,4 k €	-1.3%	13,6 k €
Net result	11,4 k €	-26.6%	15,5 k €	+21.1%	12,8 k €	-48.2%	24,7 k €	+70.2%	14,5 k €	+104%	7,1 k €	-2.6%	7,3 k €	-23.9%	9,6 k €	+26.9%	7,6 k €	-5.7%	8 k €	+15841%	-50,9 €	-100%	10,8 k €	+73.0%	6,2 k €	-63.0%	16,9 k €	+10.5%	15,3 k €	+561%	-3,3 k €	-209%	3 k €	-62.4%	8,1 k €
Balance sheet
Equity	290,6 k €	+4.1%	279,3 k €	+5.9%	263,8 k €	+5.1%	251 k €	+10.9%	226,3 k €	+6.9%	211,8 k €	+8.4%	195,3 k €	+3.9%	188 k €	+5.4%	178,4 k €	+4.4%	170,9 k €	+4.9%	162,9 k €	-0.0%	162,9 k €	+7.1%	152,1 k €	+4.3%	145,9 k €	+13.1%	129 k €	+13.4%	113,7 k €	-2.8%	117 k €	+2.7%	114 k €
Total assets	419,8 k €	+0.1%	419,2 k €	+0.9%	415,4 k €	+3.3%	402,1 k €	+4.6%	384,4 k €	-2.2%	393 k €	+0.2%	392,3 k €	+0.8%	389,1 k €	-2.9%	400,8 k €	-4.5%	419,6 k €	+0.6%	417,2 k €	-2.4%	427,6 k €	-5.9%	454,4 k €	+3.3%	439,7 k €	-3.0%	453,2 k €	+4.1%	435,5 k €	+5.2%	414,2 k €	-3.3%	428,5 k €
Cash	2,5 k €	-30.8%	3,7 k €	+2099%	167 €	-60.1%	418,3 €	-33.5%	629,2 €		–		195,4 €	-50.9%	398 €	-54.9%	882 €	+4702%	18,4 €	-99.4%	3,1 k €	+31.3%	2,4 k €	-94.1%	40,7 k €	+48.4%	27,4 k €	+61.7%	17 k €	+455%	3,1 k €	+103%	1,5 k €	-89.5%	14,3 k €
Debts	129,1 k €	-7.7%	140 k €	-7.7%	151,6 k €	+0.3%	151,1 k €	-4.3%	157,9 k €	-10.4%	176,3 k €	-10.2%	196,4 k €	-2.0%	200,4 k €	-9.8%	222,2 k €	-10.6%	248,4 k €	-1.8%	253 k €	-3.9%	263,2 k €	-11.4%	297,2 k €	+2.8%	289,2 k €	-10.8%	324,2 k €	+0.8%	321,6 k €	+8.2%	297,1 k €	-5.5%	314,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 4 ended

Active mandates

Ann Wyckman

Director · since 27 avril 2006

Active

Stefan Haegeman

Managing director · since 27 avril 2006

Active

Ended mandates

Stefan Haegeman

Director · since 27 avril 2006

Ended

STEFAN HAEGEMAN

Mandate · since 27 avril 2006

Ended

ANN WYCKMAN

Director

Ended

STEFAN HAEGEMAN

Mandate

Ended

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	13/10/2024	11/09/2023	21/09/2022	26/09/2021	25/09/2020
General meeting	30/09/2025	31/08/2024	26/08/2023	27/08/2022	28/08/2021	29/08/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	30/09/2025	31/10/2025	Dutch	PDF
Micro model	31/03/2024	31/08/2024	13/10/2024	French	PDF
Micro model	31/03/2023	26/08/2023	11/09/2023	French	PDF
Micro model	31/03/2022	27/08/2022	21/09/2022	French	PDF
Micro model	31/03/2021	28/08/2021	26/09/2021	French	PDF
Micro model	31/03/2020	29/08/2020	25/09/2020	French	PDF
Micro model	31/03/2018	25/08/2018	03/10/2018	French	PDF
Micro model	31/03/2017	26/08/2017	06/10/2017	French	PDF
Abridged model	31/03/2016	27/08/2016	17/09/2016	French	PDF
Abridged model	31/03/2015	29/08/2015	24/09/2015	French	PDF
Abridged model	31/03/2014	30/08/2014	05/10/2014	French	PDF
Abridged model	31/03/2013	31/08/2013	20/10/2013	French	PDF
Abridged model	31/03/2012	25/08/2012	08/11/2012	French	PDF
Abridged model	31/03/2011	27/08/2011	29/10/2011	French	PDF
Abridged model	31/03/2010	28/08/2010	02/10/2010	French	PDF
Abridged model	31/03/2009	29/08/2009	26/10/2009	French	PDF
Abridged model	31/03/2008	30/08/2008	01/10/2008	Dutch	PDF
Abridged model	31/03/2007	26/08/2007	22/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/03/2025 · 2 active · 4 ended

Active mandates

Ann Wyckman

Director · since 27 avril 2006

Active

Stefan Haegeman

Managing director · since 27 avril 2006

Active

Ended mandates

Stefan Haegeman

Director · since 27 avril 2006

Ended

STEFAN HAEGEMAN

Mandate · since 27 avril 2006

Ended

ANN WYCKMAN

Director

Ended

STEFAN HAEGEMAN

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates09/06/2006
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 202511,4 k €↓
2024
Annual accounts 202415,5 k €↑
2023
Annual accounts 202312,8 k €↓
2022
Annual accounts 202224,7 k €↑
2021
Annual accounts 202114,5 k €↑
2020
Annual accounts 20207,1 k €↓
2018
Annual accounts 20187,3 k €↓
2017
Annual accounts 20179,6 k €↑
2016
Annual accounts 20167,6 k €↓
2015
Annual accounts 20158 k €↑
2014
Annual accounts 2014-50,9 €↓
2013
Annual accounts 201310,8 k €↑
2012
Annual accounts 20126,2 k €↓
2011
Annual accounts 201116,9 k €↑
2010
Annual accounts 201015,3 k €↑
2009
Annual accounts 2009-3,3 k €↓
2008
Annual accounts 20083 k €↓
2007
Annual accounts 20078,1 k €
20/04/1990
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

TAGO

Overview

What does TAGO do?

Trend over 18 financial years

Indicative valuation

Board of directors

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