ACTIVE

TLC

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Financial year 2025 · closed on 30/09/2025

Net result

16,7 k €

-37.6% YoY

Revenue

38,6 k €

-26.9% YoY

Equity

302,3 k €

+5.9% YoY

What does TLC do?

TLC is a Private company with limited liability incorporated in 1995. Its main activity is: Computer programming activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.742.730

Incorporation

07/03/1995

Legal form

Private company with limited liability

Registered office

Rue du Midi 82
1000 Bruxelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006		2005
Income statement
Revenue	38,6 k €	-26.9%	52,8 k €	0.0%	52,8 k €	0.0%	52,8 k €	-9.4%	58,3 k €	+4.8%	55,6 k €	+17.7%	47,2 k €	-28.6%	66,2 k €	+12.2%	59 k €	-5.6%	62,5 k €	+14.9%	54,5 k €	-16.3%	65 k €	+23.8%	52,5 k €	+5.1%	50 k €		–		33,6 k €	-49.5%	66,5 k €		–		–		–
EBITDA	12,2 k €	-53.5%	26,3 k €	+6.9%	24,6 k €	-19.0%	30,3 k €	-8.6%	33,2 k €	+7.0%	31 k €	+10.5%	28,1 k €	-17.6%	34,1 k €	+59.5%	21,4 k €	+14.9%	18,6 k €	+44.1%	12,9 k €	-54.2%	28,2 k €	+63.3%	17,3 k €	-16.3%	20,6 k €	+746%	-3,2 k €	-313%	1,5 k €	-95.6%	34,1 k €	+113%	16 k €	+1322%	-1,3 k €	+82.7%	-7,6 k €
Operating result	12,2 k €	-53.5%	26,3 k €	+6.9%	24,6 k €	-18.0%	30 k €	-8.7%	32,8 k €	+7.6%	30,5 k €	+10.9%	27,5 k €	-17.9%	33,5 k €	+57.4%	21,3 k €	+14.6%	18,6 k €	+49.1%	12,5 k €	-54.6%	27,5 k €	+67.0%	16,4 k €	-17.4%	19,9 k €	+462%	-5,5 k €	-879%	-562,1 €	-102%	27,5 k €	+77.7%	15,5 k €	+504%	-3,8 k €	+61.4%	-9,9 k €
Net result	16,7 k €	-37.6%	26,8 k €	+8.3%	24,8 k €	-19.5%	30,8 k €	-5.8%	32,6 k €	+15.4%	28,3 k €	+13.3%	25 k €	-11.6%	28,2 k €	+13.6%	24,8 k €	+25.7%	19,7 k €	+30.3%	15,2 k €	+1.1%	15 k €	+6.0%	14,1 k €	-19.6%	17,6 k €	+411%	-5,7 k €	-810%	-620,8 €	-104%	16,6 k €	+12.9%	14,7 k €	+449%	-4,2 k €	+63.6%	-11,6 k €
Balance sheet
Equity	302,3 k €	+5.9%	285,6 k €	+8.3%	263,8 k €	+8.1%	244 k €	+11.0%	219,8 k €	+13.5%	193,6 k €	+12.0%	172,9 k €	+11.2%	155,4 k €	+21.3%	128,2 k €	+17.8%	108,8 k €	+22.2%	89,1 k €	+20.5%	73,9 k €	+25.4%	58,9 k €	+31.6%	44,8 k €	+113%	21 k €	-21.2%	26,6 k €	-2.3%	27,3 k €	+155%	10,7 k €	+366%	-4 k €	-2196%	191,7 €
Total assets	319,5 k €	+4.4%	306,2 k €	+7.4%	285,2 k €	+4.9%	271,8 k €	+8.7%	250,1 k €	+11.6%	224,2 k €	+9.1%	205,4 k €	+5.8%	194,1 k €	+22.0%	159,2 k €	+13.2%	140,6 k €	+19.7%	117,5 k €	-23.2%	153 k €	+29.9%	117,8 k €	+14.2%	103,2 k €	+55.3%	66,4 k €	-7.4%	71,8 k €	-6.8%	77 k €	-16.7%	92,5 k €	+15.5%	80 k €	+53.2%	52,2 k €
Cash	1,1 k €	-70.9%	3,7 k €	+31.4%	2,8 k €	-57.7%	6,6 k €	+25.7%	5,2 k €	+133%	2,3 k €	-24.6%	3 k €	+406%	590,8 €	+173%	216,7 €	-94.9%	4,3 k €	+8.7%	3,9 k €	+26.0%	3,1 k €	+2038%	146 €	-0.2%	146,3 €	+73.8%	84,2 €	+108%	40,6 €	-78.1%	185,2 €	-95.6%	4,2 k €		–		3,9 k €
Debts	16,9 k €	-16.7%	20,3 k €	-5.3%	21,4 k €	-22.0%	27,5 k €	-9.4%	30,3 k €	+3.5%	29,3 k €	-7.9%	31,8 k €	-14.5%	37,2 k €	+25.7%	29,6 k €	-3.8%	30,8 k €	+9.6%	28,1 k €	-58.6%	67,9 k €	+40.3%	48,4 k €	-8.4%	52,8 k €	+53.3%	34,4 k €	-13.3%	39,7 k €	-17.8%	48,3 k €	-35.6%	75,1 k €	-5.9%	79,8 k €	+60.1%	49,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Patrick Hendrickx

Mandate

Active

Ended mandates

Patrick Hendrickx

Manager · since 30 septembre 2003

Ended

Patrick HENDRICKX

Manager

Ended

Tom DE GRAEVE

Manager · until 30 avril 2008

Ended

Tom DE GRAEVE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	29/04/2025	30/04/2024	24/05/2023	31/05/2022	30/06/2021
General meeting	06/02/2026	07/02/2025	02/02/2024	30/03/2023	04/02/2022	05/02/2021
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	30/09/2025	06/02/2026	30/04/2026	French	PDF
Micro model	30/09/2024	07/02/2025	29/04/2025	French	PDF
Micro model	30/09/2023	02/02/2024	30/04/2024	French	PDF
Micro model	30/09/2022	30/03/2023	24/05/2023	French	PDF
Micro model	30/09/2021	04/02/2022	31/05/2022	Dutch	PDF
Micro model	30/09/2020	05/02/2021	30/06/2021	French	PDF
Micro model	30/09/2019	07/02/2020	31/05/2020	French	PDF
Micro model	30/09/2018	01/02/2019	30/04/2019	French	PDF
Micro model	30/09/2017	02/02/2018	30/04/2018	French	PDF
Abridged model	30/09/2016	02/05/2017	30/06/2017	French	PDF
Abridged model	30/09/2015	05/02/2016	30/04/2016	French	PDF
Abridged model	30/09/2014	06/02/2015	31/05/2015	French	PDF
Abridged model	30/09/2013	07/02/2014	31/12/2015	French	PDF
Abridged model	30/09/2012	30/09/2013	31/12/2015	French	PDF
Abridged model	30/09/2010	04/02/2011	30/05/2011	French	PDF
Abridged model	30/09/2009	05/02/2010	27/08/2010	French	PDF
Abridged model	30/09/2008	06/02/2009	08/07/2009	French	PDF
Abridged model	30/09/2007	31/03/2008	28/08/2008	French	PDF
Abridged model	30/09/2006	02/02/2007	21/09/2007	French	PDF
Abridged model	30/09/2005	03/02/2006	21/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/09/2025 · 1 active · 4 ended

Active mandates

Patrick Hendrickx

Mandate

Active

Ended mandates

Patrick Hendrickx

Manager · since 30 septembre 2003

Ended

Patrick HENDRICKX

Manager

Ended

Tom DE GRAEVE

Manager · until 30 avril 2008

Ended

Tom DE GRAEVE

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202516,7 k €↓
2024
Annual accounts 202426,8 k €↑
2023
Annual accounts 202324,8 k €↓
2022
Annual accounts 202230,8 k €↓
2021
Annual accounts 202132,6 k €↑
2020
Annual accounts 202028,3 k €↑
2019
Annual accounts 201925 k €↓
2018
Annual accounts 201828,2 k €↑
2017
Annual accounts 201724,8 k €↑
2016
Annual accounts 201619,7 k €↑
2015
Annual accounts 201515,2 k €↑
2014
Annual accounts 201415 k €↑
2013
Annual accounts 201314,1 k €↓
2012
Annual accounts 201217,6 k €↑
2010
Annual accounts 2010-5,7 k €↓
2009
Annual accounts 2009-620,8 €↓
2008
Annual accounts 200816,6 k €↑
2007
Annual accounts 200714,7 k €↑
2006
Annual accounts 2006-4,2 k €↑
2005
Annual accounts 2005-11,6 k €
07/03/1995
IncorporationPrivate company with limited liability

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

TLC

Overview

What does TLC do?

Trend over 20 financial years

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

Similar companies

Similar companies

Timeline