ACTIVE

TvBastards

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

+665.8% YoY

Gross margin

316,8 k €

+142.1% YoY

Equity

1,1 M €

+283.2% YoY

What does TvBastards do?

TvBastards is a Public limited company incorporated in 1991. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.055.103

Incorporation

06/09/1991

Legal form

Public limited company

Registered office

Medialaan 1
1800 Vilvoorde · FlandreSee on map

Contributed capital

4 371 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow 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 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	316,8 k €	+142%	130,9 k €	+755%	15,3 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	315,5 k €	+145%	128,9 k €	+749%	15,2 k €	+135%	-43,1 k €	-129%	146,4 k €	+119%	-784 k €	-177%	1 M €	-37.5%	1,6 M €	+3.8%	1,6 M €	+107%	753 k €	+19.9%	628,1 k €	-59.1%	1,5 M €	-3.0%	1,6 M €	-14.4%	1,8 M €	+8.0%	1,7 M €	+39.9%	1,2 M €	+40.1%	872,6 k €
Operating result	1,6 M €	+1167%	128,9 k €	+749%	15,2 k €	+101%	-2,1 M €	-843%	277,9 k €	+117%	-1,6 M €	-7716%	21,3 k €	-96.0%	540,4 k €	+9.7%	492,7 k €	+321%	-222,8 k €	+19.2%	-275,7 k €	-188%	313,8 k €	-56.8%	726,7 k €	-33.7%	1,1 M €	-0.8%	1,1 M €	+60.3%	688,8 k €	+52.8%	450,8 k €
Net result	1,7 M €	+666%	220,1 k €	+197%	74 k €	+103%	-2,2 M €	-1669%	142,1 k €	+109%	-1,7 M €	-2299%	-69,4 k €	-128%	251,3 k €	+550%	-55,8 k €	+79.5%	-271,8 k €	+15.6%	-322,1 k €	-299%	161,5 k €	-69.2%	524,6 k €	-51.9%	1,1 M €	-1.3%	1,1 M €	+62.6%	679,3 k €	+2.3%	664,1 k €
Balance sheet
Equity	1,1 M €	+283%	-595 k €	+27.0%	-815,1 k €	+8.3%	-889,1 k €	-166%	1,3 M €	+3592%	-38,4 k €	-102%	1,6 M €	-4.1%	1,7 M €	+17.4%	1,4 M €	-3.7%	1,5 M €	-15.3%	1,8 M €	-15.4%	2,1 M €	+8.4%	1,9 M €	+37.3%	1,4 M €	+343%	317,6 k €	+140%	-786,8 k €	+46.3%	-1,5 M €
Total assets	2,6 M €	+17.1%	2,2 M €	+4.1%	2,1 M €	-4.5%	2,2 M €	-2.0%	2,3 M €	-70.3%	7,7 M €	-36.0%	12 M €	-16.7%	14,4 M €	+47.7%	9,8 M €	-4.2%	10,2 M €	-2.1%	10,4 M €	-7.6%	11,3 M €	-2.9%	11,6 M €	+21.7%	9,5 M €	-13.0%	11 M €	+18.2%	9,3 M €	+4.1%	8,9 M €
Cash	–		–		–		–		–		411,4 k €	-62.8%	1,1 M €	+50.8%	732,4 k €	+583%	107,3 k €	-36.4%	168,7 k €	-30.3%	242 k €	-79.0%	1,2 M €	+1721%	63,3 k €	-76.1%	265,6 k €	-80.0%	1,3 M €	+201%	441,4 k €	-56.1%	1 M €
Debts	1,5 M €	+32439%	4,7 k €	-96.6%	136,8 k €	-56.1%	311,8 k €	+108%	150 k €	-97.6%	6,3 M €	-35.0%	9,7 M €	-17.9%	11,9 M €	+56.7%	7,6 M €	-12.8%	8,7 M €	+2.2%	8,5 M €	-5.0%	8,9 M €	-4.0%	9,3 M €	+16.6%	8 M €	-23.1%	10,4 M €	+14.8%	9 M €	-5.2%	9,5 M €
Other
Workforce	–		–		–		–		1,0 ETP	-98.9%	91,0 ETP	-14.6%	106,5 ETP	-3.9%	110,8 ETP	+5.3%	105,2 ETP	+6.8%	98,5 ETP	+1.8%	96,8 ETP	-11.4%	109,3 ETP	-4.2%	114,1 ETP	+2.8%	111,0 ETP	-19.3%	137,6 ETP	+17.9%	116,7 ETP	-3.6%	121,0 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 31/12/2025 · 2 active · 28 ended

Active mandates

Christophe Convent

Director · since 30 juin 2023 · until 29 juin 2029

Active

Dirk Lodewyckx

Director · since 30 juin 2023 · until 29 juin 2029

Active

Ended mandates

Christophe Convent

Director · since 16 novembre 2023 · until 29 juin 2029

Ended

Dirk Lodewyckx

Director · since 26 septembre 2019 · until 30 juin 2023

Ended

Dirk Lodewyckx

Director · since 26 septembre 2019 · until 29 juin 2029

Ended

Kris Vervaet

Director · since 26 septembre 2019 · until 30 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Digitale Radio Vlaanderen● Active	0713.705.511
Federatie der Belgische Audiovisuele Ondernemingen● Active	0472.444.141
PRIVATE OMROEP FEDERATIE● Active	0836.469.701
Streamz● Active	0749.898.387

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full 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	09/07/2026	10/07/2025	03/07/2024	12/07/2023	28/06/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

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	26/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	10/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	18/08/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	22/08/2007	Dutch	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 31/12/2025 · 2 active · 28 ended

Active mandates

Christophe Convent

Director · since 30 juin 2023 · until 29 juin 2029

Active

Dirk Lodewyckx

Director · since 30 juin 2023 · until 29 juin 2029

Active

Ended mandates

Christophe Convent

Director · since 16 novembre 2023 · until 29 juin 2029

Ended

Dirk Lodewyckx

Director · since 26 septembre 2019 · until 30 juin 2023

Ended

Dirk Lodewyckx

Director · since 26 septembre 2019 · until 29 juin 2029

Ended

Kris Vervaet

Director · since 26 septembre 2019 · until 30 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution14/07/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2019
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 20251,7 M €↑
2024
Annual accounts 2024220,1 k €↑
2023
Annual accounts 202374 k €↑
2022
Annual accounts 2022-2,2 M €↓
2021
Annual accounts 2021142,1 k €↑
2017
Annual accounts 2017-1,7 M €↓
2016
Annual accounts 2016-69,4 k €↓
2015
Annual accounts 2015251,3 k €↑
2014
Annual accounts 2014-55,8 k €↑
2013
Annual accounts 2013-271,8 k €↑
2012
Annual accounts 2012-322,1 k €↓
2012
Name changeTvBastards
2011
Annual accounts 2011161,5 k €↓
2010
Annual accounts 2010524,6 k €↓
2009
Annual accounts 20091,1 M €↓
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007679,3 k €↑
2006
Annual accounts 2006664,1 k €
2006
Name changeSTUDIO-A
06/09/1991
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

TvBastards

Overview

What does TvBastards do?

Trend over 17 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