ACTIVE

TS-Management

Financial year 2025 · closed on 31/03/2025
Net result
-9,5 k €
-79.8% YoY
Gross margin
-5,9 k €
-402.8% YoY
Equity
2,3 M €
-0.4% YoY

What does TS-Management do?

TS-Management is a Public limited company incorporated in 1993. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0449.728.523
Incorporation
25/03/1993
Legal form
Public limited company
Registered office
Admiraal de Boisotstraat 19-21
2000 Antwerpen · FlandreSee on map
Contributed capital
2 109 500,00 €
Latest accounts
31/03/2025
Signals
Solid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120192018201620152014201320122011201020092008
Income statement
Gross margin-5,9 k €-1,2 k €-8,3 k €-17,9 k €-14,1 k €9,1 k €-22,9 k €18,2 k €24,6 k €25,3 k €22,7 k €28,6 k €44,1 k €44,9 k €44,5 k €50,4 k €
EBITDA-10,8 k €-6,1 k €-13,6 k €-21,3 k €-16,9 k €3,4 k €-28,8 k €13,3 k €18,5 k €21,2 k €18,7 k €24 k €37,7 k €38,6 k €37,5 k €43,6 k €
Operating result-55,8 k €-57 k €-56,9 k €-64,1 k €-47,4 k €-7,3 k €-47,4 k €-1,4 k €3,8 k €10,1 k €11,7 k €11,7 k €11,5 k €12,2 k €13,8 k €20,8 k €
Net result-9,5 k €-5,3 k €-14,9 k €-9,5 k €-1,8 k €17,2 k €-22,2 k €-1,7 k €3,7 k €10,1 k €12,6 k €278,7 k €-16,6 k €-16 k €-16,4 k €-9,1 k €
Balance sheet
Equity2,3 M €2,3 M €2,3 M €2,3 M €2,3 M €91,5 k €74,3 k €96,5 k €98,2 k €94,5 k €84,4 k €71,8 k €93,1 k €109,7 k €125,7 k €142,1 k €
Total assets3,4 M €3,7 M €3,8 M €3,9 M €3,9 M €573,8 k €692,1 k €99 k €98,7 k €94,6 k €84,5 k €72 k €498,3 k €526 k €537,8 k €547,2 k €
Cash25,9 k €21 k €34,3 k €84,2 k €22,2 k €12,3 k €20,8 k €50 k €32 k €15,1 k €26,1 k €13,9 k €1,3 k €2,2 k €15,3 k €14,1 k €
Debts986,2 k €1,4 M €1,4 M €1,5 M €1,5 M €482,2 k €617,8 k €2,5 k €478,2 €73 €96 €185 €405,2 k €410,2 k €405,2 k €405,1 k €
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 31/03/2025 · 1 active · 17 ended

Active mandates

Patrick Nuyens

Director · since 24 juin 2019

Active

Ended mandates

Patrick Nuyens

Mandate · since 05 août 2019

Ended
Patrick Nuyens

Mandate · since 07 novembre 2017 · until 29 septembre 2023

Ended
Sarah Nuyens

Director · since 07 novembre 2017 · until 29 septembre 2023

Ended
Francine Geenen

Director · since 02 mai 2011 · until 02 mai 2017

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/10/202524/10/202430/11/202330/11/202229/11/202112/11/2020
General meeting26/09/202527/09/202429/09/202330/09/202224/09/202125/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202526/09/202527/10/2025DutchPDF
Abridged model31/03/202427/09/202424/10/2024DutchPDF
Abridged model31/03/202329/09/202330/11/2023DutchPDF
Abridged model31/03/202230/09/202230/11/2022DutchPDF
Abridged model31/03/202124/09/202129/11/2021DutchPDF
Abridged model31/03/202025/09/202012/11/2020DutchPDF
Micro model31/03/201927/09/201916/10/2019DutchPDF
Micro model31/03/201828/09/201801/10/2018DutchPDF
Micro model31/12/201602/05/201728/07/2017DutchPDF
Abridged model31/12/201530/06/201631/08/2016DutchPDF
Abridged model31/12/201404/05/201519/05/2015DutchPDF
Abridged model31/12/201305/05/201412/05/2014DutchPDF
Abridged model31/12/201206/05/201328/05/2013DutchPDF
Abridged model31/12/201107/05/201221/05/2012DutchPDF
Abridged model31/12/201002/05/201128/05/2011DutchPDF
Abridged model31/12/200903/05/201025/05/2010DutchPDF
Abridged model31/12/200804/05/200909/07/2009DutchPDF
Abridged model31/12/200705/05/200803/06/2008DutchPDF
Abridged model31/12/200607/05/200705/06/2007DutchPDF
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 31/03/2025 · 1 active · 17 ended

Active mandates

Patrick Nuyens

Director · since 24 juin 2019

Active

Ended mandates

Patrick Nuyens

Mandate · since 05 août 2019

Ended
Patrick Nuyens

Mandate · since 07 novembre 2017 · until 29 septembre 2023

Ended
Sarah Nuyens

Director · since 07 novembre 2017 · until 29 septembre 2023

Ended
Francine Geenen

Director · since 02 mai 2011 · until 02 mai 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring09/08/2022
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring14/04/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates05/08/2019
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring29/11/2017
    BENAMING - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/09/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office23/04/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares09/07/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares12/03/2012
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 2025-9,5 k €
  2. 2024
    Annual accounts 2024-5,3 k €
  3. 2023
    Annual accounts 2023-14,9 k €
  4. 2022
    Annual accounts 2022-9,5 k €
  5. 2021
    Annual accounts 2021-1,8 k €
  6. 2019
    Annual accounts 201917,2 k €
  7. 2018
    Annual accounts 2018-22,2 k €
  8. 2016
    Annual accounts 2016-1,7 k €
  9. 2015
    Annual accounts 20153,7 k €
  10. 2014
    Annual accounts 201410,1 k €
  11. 2013
    Annual accounts 201312,6 k €
  12. 2012
    Annual accounts 2012278,7 k €
  13. 2011
    Annual accounts 2011-16,6 k €
  14. 2010
    Annual accounts 2010-16 k €
  15. 2009
    Annual accounts 2009-16,4 k €
  16. 2008
    Annual accounts 2008-9,1 k €
  17. 25/03/1993
    IncorporationPublic limited company