ACTIVE

TOSALU

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Financial year 2025 · Closed on 31/12/2025

Net result125,2 M €+752,6 %over 1 year

Revenue358,8 k €-1,4 %over 1 year

Equity98,1 M €+104,5 %over 1 year

Workforce0,2 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

TOSALU is a Public limited company incorporated in 1990. Its main activity is: Activities of holding companies. Its registered office is in Kortemark. It employs on average 0,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0442.122.535
Incorporation: 18/09/1990
Legal form: Public limited company
Registered office: Ellestraat 16
8610 Kortemark · FlandreSee on map
Contributed capital: 17 581 112,50 €
Latest accounts: 31/12/2025
Average workforce: 0,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74142Specialised design activities 74151Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	358,8 k €	-1.4%	363,7 k €		–		–		–
EBITDA	-214,6 k €	-419%	-41,3 k €	+72.4%	-149,8 k €	-57.3%	-95,2 k €	-142%	224,8 k €
Operating result	-263,4 k €	-64.8%	-159,9 k €	+40.1%	-266,8 k €	-22.7%	-217,5 k €	-331%	94 k €
Net result	125,2 M €	+753%	14,7 M €	+13423%	108,5 k €	+157%	-189,3 k €	-191%	208,5 k €
Balance sheet
Equity	98,1 M €	+104%	48 M €	+44.1%	33,3 M €	+0.3%	33,2 M €	-0.6%	33,4 M €
Total assets	107 M €	+88.3%	56,8 M €	+33.9%	42,4 M €	-0.8%	42,8 M €	-2.1%	43,7 M €
Cash	1,2 M €	+942%	119,4 k €	-83.5%	721,9 k €	-58.1%	1,7 M €	-37.0%	2,7 M €
Debts	8,2 M €	-1.3%	8,3 M €	-4.7%	8,7 M €	-6.1%	9,3 M €	-7.3%	10 M €
Other
Workforce	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernadette DEBRUYNE	Director10/10/1992 → 01/06/2028Managing director04/06/2020 → 04/06/2020ended
José De Volder	Director15/03/2002 → 01/06/2028Managing directorlisted until the 2022 accountsended
PRINCIP.Al0894.303.277Represented by Samuel Desimpel	Director23/09/2014 → 01/06/2028Managing director04/06/2020 → 04/06/2020ended
SEFRAM SARLRepresented by Lucie Desimpel	Director19/05/2025 → 18/05/2028
THODES0650.586.423Represented by Thomas Desimpel	Director04/06/2020 → 01/06/2028Managing director04/06/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
APIS Investment0555.652.226Represented by LUCIE DESIMPEL	Managing director04/06/2020 → 04/06/2020
SEFRAM0739.965.686Represented by Lucie DESIMPEL	Director15/03/2002 → 2024 accounts

Other companies at this address

Ellestraat 16 8610 Kortemark

Company	CBE no.
TER LINDE● Active	0568.555.701

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	31/08/2026	29/07/2025	08/07/2024	20/07/2023	25/08/2022	19/07/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	21/06/2022	03/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/06/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	10/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	11/07/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	24/06/2013	27/02/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	28/06/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	07/06/2012	27/02/2014	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	02/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	28/06/2010	Dutch	PDF
Abridged model	30/06/2008	04/09/2008	07/11/2008	Dutch	PDF
Abridged model	30/06/2007	06/09/2007	13/09/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernadette DEBRUYNE	Director10/10/1992 → 01/06/2028Managing director04/06/2020 → 04/06/2020ended
José De Volder	Director15/03/2002 → 01/06/2028Managing directorlisted until the 2022 accountsended
PRINCIP.Al0894.303.277Represented by Samuel Desimpel	Director23/09/2014 → 01/06/2028Managing director04/06/2020 → 04/06/2020ended
SEFRAM SARLRepresented by Lucie Desimpel	Director19/05/2025 → 18/05/2028
THODES0650.586.423Represented by Thomas Desimpel	Director04/06/2020 → 01/06/2028Managing director04/06/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
APIS Investment0555.652.226Represented by LUCIE DESIMPEL	Managing director04/06/2020 → 04/06/2020
SEFRAM0739.965.686Represented by Lucie DESIMPEL	Director15/03/2002 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/12/2013
KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

THODES

PRINCIP.Al

SEFRAM SARL

Bernadette DEBRUYNE

José De Volder

APIS Investment

SEFRAM

JOSE DEVOLDER

LUCIE DESIMPEL

THOMAS DESIMPEL

SAMUEL DESIMPEL

199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

TOSALU

Ellestraat 16, 8610 Kortemark

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ellestraat 16, 8610 KortemarkCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00464578

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TOSALUCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00464578

Events

2025
Annual accounts 2025125,2 M €↑
12/05/2025
nominationBernadette DEBRUYNE · bestuurder
12/05/2025
nominationJosé DE VOLDER · bestuurder
12/05/2025
nominationSEFRAM · bestuurder
12/05/2025
nominationPRINCIP.AI · bestuurder
12/05/2025
nominationTHODES · bestuurder
2024
Annual accounts 202414,7 M €↑
06/06/2024
reconductionBERNADETTE DEBRUYNE · bestuurder
06/06/2024
reconductionJOSE DE VOLDER · bestuurder
06/06/2024
nominationSEFRAM BV · bestuurder
06/06/2024
reconductionPRINCIP.AL · bestuurder
06/06/2024
reconductionTHODES · bestuurder
2023
Annual accounts 2023108,5 k €↑
01/06/2023
reconductionBernadette Debruyne · bestuurder
01/06/2023
reconductionJose De Volder · bestuurder
01/06/2023
reconductionBVBA APIS INVESTMENT · bestuurder
01/06/2023
reconductionBVBA PRINCIP.AL · bestuurder
01/06/2023
reconductionBV THODES · bestuurder
2022
Annual accounts 2022-189,3 k €↓
2021
Annual accounts 2021208,5 k €↓
2020
Annual accounts 2020496,5 k €↓
2019
Annual accounts 2019519,3 k €↓
2018
Annual accounts 2018812,4 k €↓
2017
Annual accounts 20173,7 M €↑
2016
Annual accounts 20163,3 M €↑
2015
Annual accounts 2015-187,3 k €↓
2014
Annual accounts 2014-32,6 k €↓
2013
Annual accounts 2013405,9 k €↑
2012
Annual accounts 2012-815,1 k €↓
2011
Annual accounts 2011229,9 k €↓
2010
Annual accounts 20101,3 M €↓
2009
Annual accounts 20091,3 M €↓
2008
Annual accounts 20081,5 M €
18/09/1990
IncorporationPublic limited company

TOSALU

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events