ACTIVE

TISECO

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Financial year 2024 · closed on 31/12/2024

Net result

266,1 k €

-9.0% YoY

Gross margin

2 M €

+58.4% YoY

Equity

3,4 M €

+8.4% YoY

Workforce

16,2 ETP

+3.8% YoY

What does TISECO do?

TISECO is a Private company with limited liability incorporated in 1995. Its main activity is: Wholesale of textiles. Its registered office is in Anzegem. It employs on average 16,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.529.123

Incorporation

07/07/1995

Legal form

Private company with limited liability

Registered office

Huttegem 2
8570 Anzegem · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/12/2024

Average workforce

16,2 ETP

Activities (NACE)

46412Wholesale of textiles· main 46412Wholesale of textiles 51410Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2 M €	+58.4%	1,3 M €	+41.0%	889,7 k €	-55.5%	2 M €	+15.6%	1,7 M €	+7.3%	1,6 M €	+44.1%	1,1 M €	-17.3%	1,4 M €	+32.1%	1 M €	+17.4%	871,9 k €	-12.6%	998 k €	-0.7%	1 M €	+6.2%	946,8 k €	-9.3%	1 M €	+51.5%	689,2 k €	-6.8%	739,1 k €	-11.8%	838,3 k €	+1.2%	828,4 k €	+2.8%	806,1 k €
EBITDA	1,1 M €	+155%	431,5 k €	+31421%	-1,4 k €	-100%	1,2 M €	+12.6%	1,1 M €	+38.9%	756,2 k €	+64.9%	458,5 k €	-34.7%	702,2 k €	+54.1%	455,5 k €	+26.2%	361 k €	-31.6%	528 k €	-15.2%	622,8 k €	+12.5%	553,8 k €	-13.2%	638 k €	+61.5%	395,1 k €	-17.8%	480,6 k €	-22.6%	621 k €	-2.7%	638,2 k €	+6.5%	599,5 k €
Operating result	478,8 k €	+12.1%	427,2 k €	+621%	-81,9 k €	-136%	226,6 k €	-26.1%	306,8 k €	+28.7%	238,5 k €	-18.7%	293,3 k €	-0.3%	294,1 k €	+73.8%	169,3 k €	-27.7%	234,2 k €	-28.5%	327,7 k €	-42.2%	566,9 k €	+15.1%	492,7 k €	-14.5%	576,4 k €	+85.0%	311,5 k €	-22.7%	402,8 k €	-26.0%	543,9 k €	-3.4%	563 k €	+8.6%	518,5 k €
Net result	266,1 k €	-9.0%	292,5 k €	+163%	-462,4 k €	-664%	82 k €	-32.5%	121,5 k €	+152%	48,3 k €	-2.7%	49,6 k €	-51.2%	101,6 k €	+202%	33,6 k €	-77.4%	148,5 k €	-42.2%	257,1 k €	-33.1%	384,5 k €	+25.5%	306,4 k €	-24.7%	406,7 k €	+64.6%	247,1 k €	-10.4%	275,9 k €	-21.9%	353,1 k €	+3.7%	340,6 k €	+8.7%	313,3 k €
Balance sheet
Equity	3,4 M €	+8.4%	3,2 M €	+10.2%	2,9 M €	-13.9%	3,3 M €	+2.5%	3,2 M €	+3.9%	3,1 M €	+1.6%	3,1 M €	+1.6%	3 M €	+3.5%	2,9 M €	-28.6%	4,1 M €	+3.8%	3,9 M €	+7.0%	3,7 M €	+11.7%	3,3 M €	+10.3%	3 M €	+11.4%	2,7 M €	+5.8%	2,5 M €	+12.2%	2,3 M €	+12.6%	2 M €	+2.1%	2 M €
Total assets	7,5 M €	+10.2%	6,8 M €	-4.6%	7,2 M €	+14.5%	6,3 M €	-15.2%	7,4 M €	-25.3%	9,9 M €	+39.8%	7,1 M €	-4.4%	7,4 M €	+3.3%	7,2 M €	-1.3%	7,3 M €	+16.4%	6,2 M €	+27.3%	4,9 M €	+7.6%	4,6 M €	+10.3%	4,1 M €	+0.8%	4,1 M €	+15.2%	3,6 M €	-4.5%	3,7 M €	-5.8%	4 M €	+17.6%	3,4 M €
Cash	1,1 M €	+87.8%	597,6 k €	-20.1%	748 k €	+201%	248,4 k €	-29.3%	351,5 k €	-67.2%	1,1 M €	+597%	154 k €	-46.6%	288,5 k €	-13.1%	331,9 k €	+85.3%	179,1 k €	-64.6%	505,5 k €	+183%	178,3 k €	-40.3%	298,9 k €	-36.7%	472 k €	+83.2%	257,7 k €	-43.5%	456,4 k €	+71.7%	265,8 k €	+398%	53,3 k €	-69.5%	174,8 k €
Debts	4,1 M €	+11.5%	3,6 M €	-14.9%	4,3 M €	+46.4%	2,9 M €	-28.3%	4,1 M €	-39.5%	6,7 M €	+69.2%	4 M €	-8.8%	4,4 M €	+4.1%	4,2 M €	+32.4%	3,2 M €	+38.2%	2,3 M €	+89.1%	1,2 M €	-3.3%	1,3 M €	+10.3%	1,1 M €	-19.4%	1,4 M €	+39.1%	1 M €	-30.6%	1,5 M €	-24.9%	1,9 M €	+39.1%	1,4 M €
Other
Workforce	16,2 ETP	+3.8%	15,6 ETP	-5.5%	16,5 ETP	+7.1%	15,4 ETP	+8.5%	14,2 ETP	-1.4%	14,4 ETP	+5.9%	13,6 ETP	+4.6%	13,0 ETP	+13.0%	11,5 ETP	+9.5%	10,5 ETP	+5.0%	10,0 ETP	+11.1%	9,0 ETP	+4.7%	8,6 ETP	-8.5%	9,4 ETP	+28.8%	7,3 ETP	+7.4%	6,8 ETP	+17.2%	5,8 ETP	+5.5%	5,5 ETP	0.0%	5,5 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 31/12/2024 · 1 active · 3 ended

Active mandates

Philippe DEGROOTE

Director

Active

Ended mandates

Geertrui LAMBRECHT

Manager · until 31 décembre 2013

Ended

Geertrui LAMBRECHT

Manager

Ended

Philippe DEGROOTE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
FRESCO BALDI● Active	0862.386.715
MAPHIMAX● Active	0643.655.574

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/09/2025	30/08/2024	22/09/2023	30/08/2022	24/06/2021	12/06/2020
General meeting	30/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021	02/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	22/09/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	22/09/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	12/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	29/11/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	10/10/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	31/08/2007	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 31/12/2024 · 1 active · 3 ended

Active mandates

Philippe DEGROOTE

Director

Active

Ended mandates

Geertrui LAMBRECHT

Manager · until 31 décembre 2013

Ended

Geertrui LAMBRECHT

Manager

Ended

Philippe DEGROOTE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares25/01/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/03/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/06/2005
MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 2024266,1 k €↓
2023
Annual accounts 2023292,5 k €↑
2022
Annual accounts 2022-462,4 k €↓
2021
Annual accounts 202182 k €↓
2020
Annual accounts 2020121,5 k €↑
2019
Annual accounts 201948,3 k €↓
2018
Annual accounts 201849,6 k €↓
2017
Annual accounts 2017101,6 k €↑
2016
Annual accounts 201633,6 k €↓
2015
Annual accounts 2015148,5 k €↓
2014
Annual accounts 2014257,1 k €↓
2013
Annual accounts 2013384,5 k €↑
2012
Annual accounts 2012306,4 k €↓
2011
Annual accounts 2011406,7 k €↑
2010
Annual accounts 2010247,1 k €↓
2009
Annual accounts 2009275,9 k €↓
2008
Annual accounts 2008353,1 k €↑
2007
Annual accounts 2007340,6 k €↑
2006
Annual accounts 2006313,3 k €
07/07/1995
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

TISECO

Overview

What does TISECO do?

Trend over 19 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