ACTIVE

TENDENS

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Financial year 2025 · closed on 31/12/2025

Net result

65 k €

+21.8% YoY

Gross margin

106,5 k €

+6.8% YoY

Equity

336,8 k €

+23.9% YoY

What does TENDENS do?

TENDENS is a Private company with limited liability incorporated in 1996. Its registered office is in Mortsel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.423.393

Incorporation

14/03/1996

Legal form

Private company with limited liability

Registered office

Lusthovenlaan 2 box 6
2640 Mortsel · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	106,5 k €	+6.8%	99,7 k €	-54.9%	220,9 k €	+1070%	18,9 k €	-79.7%	92,9 k €	+312%	22,6 k €	-57.9%	53,6 k €	-54.3%	117,2 k €	-8.4%	128 k €	+81.7%	70,5 k €	+100%	35,2 k €	+89.8%	18,5 k €	-42.9%	32,4 k €	-62.3%	86 k €	-12.0%	97,8 k €	+39.2%	70,2 k €	+6.0%	66,3 k €	+18.4%	55,9 k €	+53.5%	36,4 k €
EBITDA	104,2 k €	+16.9%	89,1 k €	-58.7%	215,6 k €	+1427%	14,1 k €	-81.5%	76,4 k €	+304%	18,9 k €	-51.7%	39,1 k €	-65.6%	113,6 k €	-8.6%	124,3 k €	+288%	32,1 k €	+52.9%	21 k €	+38.0%	15,2 k €	-45.0%	27,6 k €	-63.1%	74,8 k €	-20.9%	94,6 k €	+40.1%	67,5 k €	+6.9%	63,2 k €	+21.4%	52 k €	+61.1%	32,3 k €
Operating result	102 k €	+17.0%	87,2 k €	-58.6%	210,8 k €	+3530%	5,8 k €	-91.8%	71,1 k €	+490%	12 k €	-61.1%	31 k €	-69.2%	100,6 k €	-9.6%	111,3 k €	+402%	22,2 k €	+127%	9,8 k €	+19.7%	8,2 k €	-57.2%	19,1 k €	-70.8%	65,3 k €	-15.3%	77,1 k €	+50.8%	51,1 k €	+8.2%	47,3 k €	+22.2%	38,7 k €	+77.0%	21,8 k €
Net result	65 k €	+21.8%	53,3 k €	-63.1%	144,5 k €	+8268%	1,7 k €	-96.5%	49,9 k €	+645%	6,7 k €	-64.4%	18,8 k €	-72.3%	67,8 k €	+13.9%	59,5 k €	+460%	10,6 k €	+471%	1,9 k €	+96.1%	949 €	-87.3%	7,5 k €	-84.1%	47,3 k €	-13.2%	54,5 k €	+68.4%	32,3 k €	+5.2%	30,7 k €	+15.5%	26,6 k €	+184%	9,4 k €
Balance sheet
Equity	336,8 k €	+23.9%	271,8 k €	+14.6%	237,3 k €	+29.6%	183,1 k €	-24.0%	240,9 k €	+6.8%	225,5 k €	+3.1%	218,8 k €	+9.4%	200 k €	+49.6%	133,7 k €	+9.3%	122,3 k €	+9.5%	111,7 k €	+1.7%	109,9 k €	+0.9%	108,9 k €	+7.4%	101,4 k €	+26.6%	80,1 k €	+36.6%	58,7 k €	+26.6%	46,4 k €	+64.9%	28,1 k €	+2.2%	27,5 k €
Total assets	427,8 k €	-4.6%	448,6 k €	+2.0%	439,7 k €	+69.9%	258,8 k €	-28.0%	359,3 k €	+19.5%	300,5 k €	-7.9%	326,2 k €	+7.7%	302,8 k €	-9.1%	333,3 k €	+39.8%	238,4 k €	+5.3%	226,4 k €	+3.8%	218,1 k €	-17.3%	263,7 k €	-9.5%	291,5 k €	+7.0%	272,4 k €	+4.5%	260,7 k €	+3.9%	251 k €	+3.9%	241,5 k €	+7.2%	225,4 k €
Cash	163 k €	-57.0%	378,9 k €	+8.9%	348,1 k €	+560%	52,7 k €	-71.4%	184,3 k €	+31.6%	140 k €	+2.0%	137,2 k €	+122%	61,9 k €	+6.8%	57,9 k €	+164%	22 k €	+332%	5,1 k €	+6512%	77 €	-99.2%	9,3 k €	-60.2%	23,5 k €	-15.5%	27,8 k €	+186%	9,7 k €		–		4,7 k €	-64.9%	13,5 k €
Debts	91 k €	-42.8%	159,3 k €	-21.3%	202,4 k €	+169%	75,2 k €	-36.4%	118,4 k €	+57.7%	75,1 k €	-30.1%	107,4 k €	+4.4%	102,8 k €	-48.5%	199,7 k €	+72.1%	116 k €	+1.2%	114,7 k €	+5.9%	108,3 k €	-30.0%	154,8 k €	-10.6%	173 k €	-1.3%	175,3 k €	-13.2%	202,1 k €	+5.7%	191,2 k €	-10.4%	213,4 k €	+7.8%	197,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Inge Vangenechten

Director

Active

Ended mandates

Inge Vangenechten

Manager

Ended

Jozef Janssens

Director

Ended

Jozef Janssens

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ATELIER FELIZ LATHOUWERS● Active	0797.571.711

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	25/08/2026	29/08/2025	27/09/2024	30/08/2023	16/08/2022	30/09/2021
General meeting	25/05/2026	01/07/2025	10/09/2024	28/08/2023	25/07/2022	29/06/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/05/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	01/07/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	10/09/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	28/08/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/07/2022	16/08/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	08/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/08/2019	28/10/2019	Dutch	PDF
Abridged model	31/12/2017	31/08/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/08/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	29/08/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	22/08/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	20/09/2010	08/10/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 ended

Active mandates

Inge Vangenechten

Director

Active

Ended mandates

Inge Vangenechten

Manager

Ended

Jozef Janssens

Director

Ended

Jozef Janssens

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/09/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office11/07/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares28/01/2013
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/08/2005
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/08/2003
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

2025
Annual accounts 202565 k €↑
2024
Annual accounts 202453,3 k €↓
2023
Annual accounts 2023144,5 k €↑
2022
Annual accounts 20221,7 k €↓
2021
Annual accounts 202149,9 k €↑
2020
Annual accounts 20206,7 k €↓
2019
Annual accounts 201918,8 k €↓
2018
Annual accounts 201867,8 k €↑
2017
Annual accounts 201759,5 k €↑
2015
Annual accounts 201510,6 k €↑
2014
Annual accounts 20141,9 k €↑
2013
Annual accounts 2013949 €↓
2012
Annual accounts 20127,5 k €↓
2011
Annual accounts 201147,3 k €↓
2010
Annual accounts 201054,5 k €↑
2009
Annual accounts 200932,3 k €↑
2008
Annual accounts 200830,7 k €↑
2007
Annual accounts 200726,6 k €↑
2006
Annual accounts 20069,4 k €
14/03/1996
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

TENDENS

Overview

What does TENDENS 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