ACTIVE

TARSIS

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Financial year 2025 · closed on 31/12/2025

Net result

-179,9 k €

-14.8% YoY

Gross margin

28,4 k €

-77.2% YoY

Equity

4,4 M €

-4.0% YoY

Workforce

0,0 ETP

What does TARSIS do?

TARSIS is a Private limited company incorporated in 1993. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Tielt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.182.848

Incorporation

08/01/1993

Legal form

Private limited company

Registered office

Pittemstraat 89
8760 Tielt · FlandreSee on map

Contributed capital

4 025 871,99 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

74601Other professional, scientific and technical activities· main 80010Security and investigation activities 80100Private security activities

Signals

Solid equityLow risk

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2018		2006
Income statement
Gross margin	28,4 k €	-77.2%	124,7 k €	-12.8%	143 k €	+33.9%	106,9 k €	+176%	38,7 k €	-40.8%	65,4 k €	+348%	14,6 k €
EBITDA	-187,2 k €	-259%	117,4 k €	-13.7%	136 k €	+48.7%	91,5 k €	+254%	25,8 k €	-56.5%	59,4 k €	+467%	10,5 k €
Operating result	-271,9 k €	-441%	79,6 k €	-25.0%	106,2 k €	+65.3%	64,2 k €	+195%	-67,6 k €	-285%	36,4 k €	+1042%	-3,9 k €
Net result	-179,9 k €	-14.8%	-156,7 k €	+63.4%	-428,5 k €	-1060%	44,6 k €	+153%	-83,6 k €	-400%	27,9 k €	+471%	4,9 k €
Balance sheet
Equity	4,4 M €	-4.0%	4,5 M €	-3.3%	4,7 M €	-8.4%	5,1 M €	+0.9%	5,1 M €	+0.8%	5 M €	+812%	553,4 k €
Total assets	5,3 M €	-1.2%	5,4 M €	-5.7%	5,7 M €	-12.4%	6,5 M €	-2.1%	6,6 M €	+19.2%	5,6 M €	+817%	607,3 k €
Cash	219,3 k €	+201%	72,9 k €	-64.6%	205,9 k €	-55.1%	458,7 k €	-9.9%	509 k €	+93.9%	262,5 k €	+74.0%	150,9 k €
Debts	902,2 k €	+9.7%	822,2 k €	-16.8%	987,8 k €	-27.6%	1,4 M €	-11.9%	1,5 M €	+197%	521,1 k €	+880%	53,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Hans Vandecappelle

Director · since 25 mars 2014

Active

Ended mandates

Hans Vandecappelle

Manager · since 25 mars 2014

Ended

Hans Vandecappelle

Manager · since 16 septembre 2011

Ended

Andréa Coolen

Manager · since 21 janvier 1993 · until 16 septembre 2011

Ended

Andréa Coolen

Manager · since 21 janvier 1993

Ended

At this address

Other companies at this address

Company	CBE no.
De Meulewal● Active	0448.066.457
TAURUS● Active	0505.945.961

Annual accounts

Full financial information

	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	27/03/2026	26/08/2025	08/03/2024	20/03/2023	20/05/2022	10/03/2021
General meeting	23/03/2026	21/08/2025	29/02/2024	16/03/2023	17/05/2022	08/03/2021
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	31/12/2025	23/03/2026	27/03/2026	Dutch	PDF
Abridged model	31/12/2024	21/08/2025	26/08/2025	Dutch	PDF
Abridged model	31/12/2023	29/02/2024	08/03/2024	Dutch	PDF
Abridged model	31/12/2022	16/03/2023	20/03/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	20/05/2022	Dutch	PDF
Abridged model	31/12/2020	08/03/2021	10/03/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	28/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	27/05/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/01/2014	05/02/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	27/07/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	10/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Hans Vandecappelle

Director · since 25 mars 2014

Active

Ended mandates

Hans Vandecappelle

Manager · since 25 mars 2014

Ended

Hans Vandecappelle

Manager · since 16 septembre 2011

Ended

Andréa Coolen

Manager · since 21 janvier 1993 · until 16 septembre 2011

Ended

Andréa Coolen

Manager · since 21 janvier 1993

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/11/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other10/04/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares26/10/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-179,9 k €↓
2024
Annual accounts 2024-156,7 k €↑
2023
Annual accounts 2023-428,5 k €↓
2022
Annual accounts 202244,6 k €↑
2021
Annual accounts 2021-83,6 k €↓
2018
Annual accounts 201827,9 k €↑
2006
Annual accounts 20064,9 k €
08/01/1993
IncorporationPrivate 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

TARSIS

Overview

What does TARSIS do?

Trend over 7 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