ACTIVE

TARCEL Entreprises

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Financial year 2026 · closed on 31/01/2026

Net result

188,7 k €

+12.0% YoY

Gross margin

765 k €

+4.5% YoY

Equity

676,9 k €

-23.8% YoY

Workforce

6,5 ETP

0.0% YoY

What does TARCEL Entreprises do?

TARCEL Entreprises is a Public limited company incorporated in 1991. Its registered office is in Aywaille. It employs on average 6,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.691.073

Incorporation

18/01/1991

Legal form

Public limited company

Registered office

Avenue de la Porallée 36 box a
4920 Aywaille · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/01/2026

Average workforce

6,5 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	765 k €	+4.5%	731,7 k €	+2.8%	711,5 k €	+25.9%	564,9 k €	-5.6%	598,3 k €	+5.1%	569,2 k €	+11.2%	511,6 k €	-12.3%	583,5 k €	+7.8%	541,5 k €	-11.2%	609,8 k €	+4.9%	581,5 k €	-1.1%	588,2 k €	-11.1%	661,3 k €	+9.0%	606,5 k €	+4.9%	578,3 k €	-1.2%	585,1 k €	-19.2%	724,4 k €	+4.3%	694,3 k €	+5.8%	656,4 k €	+21.4%	540,7 k €
EBITDA	234,5 k €	+5.6%	222 k €	+6.3%	208,9 k €	+37.1%	152,3 k €	-15.8%	180,8 k €	+50.7%	119,9 k €	+68.8%	71,1 k €	-20.7%	89,6 k €	+17.0%	76,6 k €	+0.2%	76,4 k €	+7.3%	71,2 k €	-34.3%	108,4 k €	-32.1%	159,6 k €	+30.4%	122,5 k €	+1.5%	120,6 k €	-10.1%	134,2 k €	-23.4%	175,1 k €	-2.1%	178,8 k €	+1.0%	177,1 k €	+54.7%	114,5 k €
Operating result	209,4 k €	+10.0%	190,4 k €	+2.5%	185,7 k €	+35.5%	137,1 k €	-13.7%	158,8 k €	+68.2%	94,4 k €	+94.4%	48,6 k €	-26.8%	66,4 k €	+27.2%	52,2 k €	+0.1%	52,1 k €	+16.4%	44,8 k €	-40.8%	75,6 k €	-41.5%	129,3 k €	+51.2%	85,5 k €	+3.8%	82,4 k €	-20.3%	103,3 k €	-34.5%	157,7 k €	-2.9%	162,3 k €	-0.0%	162,3 k €	+61.7%	100,4 k €
Net result	188,7 k €	+12.0%	168,5 k €	+1.9%	165,4 k €	+12.7%	146,8 k €	-7.1%	158,1 k €	+15.2%	137,2 k €	+41.4%	97 k €	-5.7%	102,9 k €	+6.2%	96,9 k €	-4.6%	101,5 k €	+9.5%	92,7 k €	-17.0%	111,6 k €	-59.8%	277,4 k €	+136%	117,4 k €	+13.3%	103,6 k €	-76.5%	440,9 k €	+426%	83,9 k €	+19.7%	70,1 k €	+21.2%	57,8 k €	+144%	23,7 k €
Balance sheet
Equity	676,9 k €	-23.8%	888,1 k €	+23.4%	719,6 k €	+29.8%	554,2 k €	+9.2%	507,4 k €	+12.9%	449,4 k €	-44.7%	812,1 k €	-20.0%	1 M €	+11.3%	912,2 k €	+11.9%	815,3 k €	+14.2%	713,8 k €	+14.9%	621,1 k €	+21.9%	509,5 k €	+17.9%	432 k €	+4.2%	414,6 k €	-48.9%	811 k €	+119%	370,2 k €	+80.7%	204,9 k €	+52.0%	134,8 k €	+75.2%	76,9 k €
Total assets	1,2 M €	+18.0%	1 M €	+19.4%	876,1 k €	+9.8%	797,8 k €	+1.0%	790 k €	-31.0%	1,1 M €	-12.5%	1,3 M €	-1.8%	1,3 M €	+3.2%	1,3 M €	+7.0%	1,2 M €	+4.3%	1,2 M €	-18.9%	1,4 M €	-23.4%	1,9 M €	+24.0%	1,5 M €	-3.6%	1,6 M €	+19.4%	1,3 M €	-25.7%	1,8 M €	-15.9%	2,1 M €	+14.7%	1,8 M €	-39.2%	3 M €
Cash	400,7 k €	-10.6%	448,1 k €	+235%	133,9 k €	-51.4%	275,8 k €	+82.2%	151,3 k €	-25.5%	203,2 k €	+89.7%	107,1 k €	-61.5%	278 k €	+526%	44,4 k €	-20.6%	55,9 k €	+179%	20 k €	-70.3%	67,5 k €	-5.5%	71,4 k €	+18.9%	60,1 k €	+58.4%	37,9 k €	-72.5%	137,9 k €	+815%	15,1 k €	-61.0%	38,6 k €	-62.4%	102,7 k €	-31.1%	149 k €
Debts	557,9 k €	+253%	158,1 k €	+1.6%	155,6 k €	-36.1%	243,6 k €	-13.8%	282,6 k €	-59.3%	694,8 k €	+40.4%	494,9 k €	+56.8%	315,5 k €	-16.3%	377 k €	-3.3%	390,1 k €	-11.8%	442,2 k €	-45.0%	804 k €	-40.5%	1,4 M €	+26.5%	1,1 M €	-6.4%	1,1 M €	+133%	490,8 k €	-64.5%	1,4 M €	-26.4%	1,9 M €	+12.5%	1,7 M €	-42.7%	2,9 M €
Other
Workforce	6,5 ETP	0.0%	6,5 ETP	0.0%	6,5 ETP	0.0%	6,5 ETP	+22.6%	5,3 ETP	-3.6%	5,5 ETP	0.0%	5,5 ETP	-14.1%	6,4 ETP	-5.9%	6,8 ETP	-1.4%	6,9 ETP	-10.4%	7,7 ETP	-7.2%	8,3 ETP	0.0%	8,3 ETP	-11.7%	9,4 ETP	+10.6%	8,5 ETP	0.0%	8,5 ETP	-15.0%	10,0 ETP	-3.8%	10,4 ETP	+3.0%	10,1 ETP	+8.6%	9,3 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 31/01/2026 · 3 active · 2 ended

Active mandates

Gérald NOIRFALISSE

Managing director

Active

Jean-Luc NOIRFALISSE

Director

Active

Philippe NOIRFALISSE

Director

Active

Ended mandates

Gérald NOIRFALISSE

Manager

Ended

Yves NOIRFALISSE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BEAUTY CITY● Active	0458.907.790
FONVAL● Active	0446.634.817
FONVIM● Active	1005.389.459
HOBBY ET HOME● Active	0477.334.426
HOBBY UNITE● Active	0650.638.188
UNIFON● Active	1009.034.679

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	27/06/2025	25/06/2024	29/06/2023	21/06/2022	17/06/2021
General meeting	17/07/2026	28/05/2025	12/06/2024	07/06/2023	24/05/2022	02/06/2021
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
Abridged model	31/01/2026	17/07/2026	29/07/2026	French	PDF
Abridged model	31/01/2025	28/05/2025	27/06/2025	French	PDF
Abridged model	31/01/2024	12/06/2024	25/06/2024	French	PDF
Abridged model	31/01/2023	07/06/2023	29/06/2023	French	PDF
Abridged model	31/01/2022	24/05/2022	21/06/2022	French	PDF
Abridged model	31/01/2021	02/06/2021	17/06/2021	French	PDF
Abridged model	31/01/2020	10/06/2020	30/06/2020	French	PDF
Abridged model	31/01/2019	12/06/2019	08/07/2019	French	PDF
Abridged model	31/01/2018	11/06/2018	04/07/2018	French	PDF
Abridged model	31/01/2017	29/06/2017	19/07/2017	French	PDF
Abridged model	31/01/2016	05/07/2016	27/07/2016	French	PDF
Abridged model	31/01/2015	04/07/2015	24/07/2015	French	PDF
Abridged model	31/01/2014	25/06/2014	22/07/2014	French	PDF
Abridged model	31/01/2013	12/07/2013	19/07/2013	French	PDF
Abridged model	31/01/2012	13/07/2012	23/07/2012	French	PDF
Abridged model	31/01/2011	08/07/2011	29/07/2011	French	PDF
Abridged model	31/01/2010	02/07/2010	16/07/2010	French	PDF
Abridged model	31/01/2009	20/07/2009	19/08/2009	French	PDF
Abridged model	31/01/2008	15/07/2008	25/07/2008	French	PDF
Abridged model	31/01/2007	17/07/2007	02/08/2007	French	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 31/01/2026 · 3 active · 2 ended

Active mandates

Gérald NOIRFALISSE

Managing director

Active

Jean-Luc NOIRFALISSE

Director

Active

Philippe NOIRFALISSE

Director

Active

Ended mandates

Gérald NOIRFALISSE

Manager

Ended

Yves NOIRFALISSE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office11/09/2017
SIEGE SOCIAL
PDF
Other09/05/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/05/2017
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates02/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office04/06/2012
SIEGE SOCIAL
PDF
Capital / shares19/02/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2026
Annual accounts 2026188,7 k €↑
2025
Annual accounts 2025168,5 k €↑
2024
Annual accounts 2024165,4 k €↑
2023
Annual accounts 2023146,8 k €↓
2022
Annual accounts 2022158,1 k €↑
2021
Annual accounts 2021137,2 k €↑
2020
Annual accounts 202097 k €↓
2019
Annual accounts 2019102,9 k €↑
2018
Annual accounts 201896,9 k €↓
2017
Annual accounts 2017101,5 k €↑
2016
Annual accounts 201692,7 k €↓
2015
Annual accounts 2015111,6 k €↓
2014
Annual accounts 2014277,4 k €↑
2013
Annual accounts 2013117,4 k €↑
2012
Annual accounts 2012103,6 k €↓
2011
Annual accounts 2011440,9 k €↑
2010
Annual accounts 201083,9 k €↑
2009
Annual accounts 200970,1 k €↑
2008
Annual accounts 200857,8 k €↑
2007
Annual accounts 200723,7 k €
18/01/1991
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

TARCEL Entreprises

Overview

What does TARCEL Entreprises do?

Trend over 20 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