ACTIVE

ETs TENNSTEDT FRERES

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Financial year 2025 · Closed on 31/12/2025

Net result126,6 k €+9,1 %over 1 year

Gross margin296,2 k €-9,0 %over 1 year

Equity2,2 M €+6,1 %over 1 year

Workforce2,0 ETP-33,3 %over 1 year

Identity

Source · BCE/KBO

ETs TENNSTEDT FRERES is a Public limited company incorporated in 1991. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Enghien. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0444.839.030
Incorporation: 23/07/1991
Legal form: Public limited company
Registered office: Chaussée d'Ath 12
7850 Enghien · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 50103Sea and coastal passenger water transport 45201Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 71100Architectural and engineering activities and related technical consultancy+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	296,2 k €	-9.0%	325,4 k €	-17.3%	393,4 k €	-17.0%	474 k €	+36.2%	348 k €
EBITDA	165,6 k €	-8.3%	180,6 k €	-16.2%	215,5 k €	-21.1%	273,2 k €	+61.5%	169,2 k €
Operating result	137,4 k €	-6.6%	147,1 k €	-20.0%	183,8 k €	-22.2%	236,2 k €	+74.5%	135,4 k €
Net result	126,6 k €	+9.1%	116 k €	-20.3%	145,6 k €	-13.9%	169,1 k €	+156%	66,1 k €
Balance sheet
Equity	2,2 M €	+6.1%	2,1 M €	+5.9%	2 M €	+8.0%	1,8 M €	-1.7%	1,8 M €
Total assets	2,3 M €	+4.4%	2,2 M €	+2.5%	2,2 M €	-2.9%	2,2 M €	+7.2%	2,1 M €
Cash	300,9 k €	-8.4%	328,6 k €	-3.5%	340,6 k €	-57.4%	799,3 k €	-40.4%	1,3 M €
Debts	126,8 k €	-17.9%	154,4 k €	-28.5%	216,1 k €	-49.2%	425,3 k €	+75.3%	242,6 k €
Other
Workforce	2,0 ETP	-33.3%	3,0 ETP	+7.1%	2,8 ETP	-22.2%	3,6 ETP	+12.5%	3,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne Tennstedt	Managing director27/05/2003 → 20/12/2029
JeanPierre Tennstedt	Managing director20/12/2023 → 20/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Pierre Tennstedt	Managing director20/05/2021 → 2024 accounts
Jean-Pierre Tennstedt	Managing director20/05/2015 → 2022 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	28/10/2026	28/07/2025	13/06/2024	26/07/2023	26/07/2022	09/08/2021
General meeting	30/09/2026	04/07/2025	12/06/2024	30/06/2023	27/06/2022	05/08/2021
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, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/09/2026	28/10/2026	French	PDF
Abridged model	31/12/2024	04/07/2025	28/07/2025	French	PDF
Abridged model	31/12/2023	12/06/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	05/08/2021	09/08/2021	French	PDF
Abridged model	31/12/2019	16/08/2020	20/08/2020	French	PDF
Abridged model	31/12/2018	20/05/2019	26/06/2019	French	PDF
Abridged model	31/12/2017	22/05/2018	19/06/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	23/06/2015	French	PDF
Abridged model	31/12/2013	20/05/2014	20/06/2014	French	PDF
Abridged modelCorrection	31/12/2012	21/05/2013	21/06/2013	French	PDF
Abridged model	31/12/2012	21/05/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	22/06/2012	French	PDF
Abridged modelCorrection	31/12/2010	20/05/2011	12/08/2011	French	PDF
Abridged model	31/12/2010	20/05/2011	20/06/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	23/06/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	20/05/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	05/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne Tennstedt	Managing director27/05/2003 → 20/12/2029
JeanPierre Tennstedt	Managing director20/12/2023 → 20/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Pierre Tennstedt	Managing director20/05/2021 → 2024 accounts
Jean-Pierre Tennstedt	Managing director20/05/2015 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/10/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates06/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/02/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other28/12/2011
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/08/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2007
DENOMINATION - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

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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

Filings20 filings

Mandates

JeanPierre Tennstedt

Etienne Tennstedt

Jean Pierre Tennstedt

Jean-Pierre Tennstedt

XAVIER TECHY

199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

ETs TENNSTEDT FRERES

Chaussée d'Ath 12, 7850 Enghien

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée d'Ath 12, 7850 EnghienCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00570786

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ETs TENNSTEDT FRERESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00570786

Events

2025
Annual accounts 2025126,6 k €↑
2024
Annual accounts 2024116 k €↓
2023
Annual accounts 2023145,6 k €↓
2022
Annual accounts 2022169,1 k €↑
2021
Annual accounts 202166,1 k €↓
2020
Annual accounts 2020114,9 k €↓
2019
Annual accounts 2019161,4 k €↓
2018
Annual accounts 2018232,3 k €↑
2017
Annual accounts 2017180,5 k €↓
2016
Annual accounts 2016298,3 k €↓
2015
Annual accounts 2015317,1 k €↑
2014
Annual accounts 2014294,5 k €↑
2013
Annual accounts 2013293,4 k €↑
2012
Annual accounts 2012204,9 k €↓
2011
Annual accounts 2011318,1 k €↓
2010
Annual accounts 2010506 k €↑
2009
Annual accounts 2009288,8 k €↓
2008
Annual accounts 2008322,1 k €↑
2007
Annual accounts 2007271,6 k €↓
2006
Annual accounts 2006282,7 k €
23/07/1991
IncorporationPublic limited company

ETs TENNSTEDT FRERES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events