ACTIVE

TECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES

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Financial year 2025 · closed on 31/12/2025

Net result

79,7 k €

-12.7% YoY

Gross margin

190 k €

-6.8% YoY

Equity

1,2 M €

+6.9% YoY

What does TECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES do?

TECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES is a Private limited company incorporated in 1997. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Fernelmont.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.317.944

Incorporation

21/08/1997

Legal form

Private limited company

Registered office

Rue Georges Cosse, ZI, Nov. 20
5380 Fernelmont · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	190 k €	-6.8%	203,9 k €	-2.2%	208,5 k €	+9.3%	190,8 k €	+1.8%	187,4 k €	+41.2%	132,7 k €	-28.6%	185,8 k €	-4.8%	195,1 k €	+283%	50,9 k €	+290%	13,1 k €	+862%	-1,7 k €	-102%	112,7 k €	+109%	53,9 k €	-7.1%	58 k €	-1.7%	59 k €	+0.8%	58,5 k €	-17.6%	71 k €	-3.0%	73,2 k €	+22.0%	60 k €	-10.7%	67,2 k €
EBITDA	186,4 k €	-2.0%	190,3 k €	-6.9%	204,4 k €	+8.5%	188,4 k €	+1.8%	185,1 k €	+41.2%	131 k €	-28.9%	184,3 k €	-3.3%	190,6 k €	+290%	48,9 k €	+672%	6,3 k €	+298%	-3,2 k €	-103%	111,1 k €	+112%	52,5 k €	-3.3%	54,3 k €	-6.7%	58,2 k €	+10.6%	52,6 k €	-21.3%	66,8 k €	+3.7%	64,4 k €	+11.9%	57,6 k €	-13.5%	66,6 k €
Operating result	131,3 k €	-7.1%	141,3 k €	-15.4%	167 k €	+7.8%	155 k €	-4.0%	161,4 k €	+47.6%	109,4 k €	-34.4%	166,6 k €	-4.0%	173,5 k €	+428%	32,8 k €	+432%	-9,9 k €	+46.3%	-18,4 k €	-120%	93,8 k €	+154%	36,9 k €	-9.5%	40,8 k €	-10.0%	45,4 k €	+16.2%	39 k €	-25.4%	52,3 k €	+7.9%	48,5 k €	+9.8%	44,2 k €	-16.1%	52,7 k €
Net result	79,7 k €	-12.7%	91,3 k €	-23.1%	118,8 k €	+7.2%	110,8 k €	-15.3%	130,8 k €	+69.6%	77,2 k €	-38.6%	125,7 k €	-12.9%	144,3 k €	+423%	27,6 k €	+277%	-15,5 k €	+35.0%	-23,9 k €	-136%	65,7 k €	+142%	27,1 k €	-1.5%	27,5 k €	+6.9%	25,8 k €	+21.4%	21,2 k €	-36.0%	33,2 k €	+3.3%	32,1 k €	+14.4%	28,1 k €	-15.1%	33 k €
Balance sheet
Equity	1,2 M €	+6.9%	1,2 M €	+8.6%	1,1 M €	+12.6%	942,3 k €	+13.3%	831,5 k €	+18.7%	700,7 k €	+12.4%	623,5 k €	+25.2%	497,9 k €	+40.8%	353,6 k €	+8.5%	326 k €	-4.5%	341,5 k €	-6.5%	365,4 k €	+21.9%	299,8 k €	+10.0%	272,6 k €	+11.2%	245,1 k €	+11.8%	219,3 k €	+10.7%	198,1 k €	+20.1%	164,9 k €	+24.2%	132,8 k €	+26.8%	104,8 k €
Total assets	1,4 M €	+7.1%	1,3 M €	+11.3%	1,2 M €	+9.0%	1,1 M €	+12.1%	992,6 k €	+9.4%	907,8 k €	+6.9%	849,6 k €	+22.7%	692,3 k €	+23.1%	562,3 k €	+1.3%	555,2 k €	-4.9%	583,9 k €	+32.8%	439,6 k €	+11.3%	395,1 k €	+5.9%	373,3 k €	+1.2%	368,8 k €	+19.0%	310 k €	-6.6%	332,1 k €	+33.5%	248,8 k €	+4.2%	238,9 k €	-0.7%	240,5 k €
Cash	205,2 k €	+345%	46,1 k €	-69.8%	152,8 k €	-5.4%	161,6 k €	-62.3%	428,8 k €	-11.2%	482,8 k €	-4.9%	507,5 k €	+33.7%	379,5 k €	+72.1%	220,5 k €	+18.4%	186,2 k €	-7.5%	201,4 k €	+41.3%	142,5 k €	-18.3%	174,5 k €	-20.8%	220,3 k €	+32.9%	165,8 k €	+43.0%	115,9 k €	-8.2%	126,3 k €	+49.3%	84,6 k €	+1.2%	83,6 k €	+27.7%	65,5 k €
Debts	212,9 k €	+8.3%	196,7 k €	+30.2%	151 k €	-11.2%	170 k €	+5.5%	161,1 k €	-22.2%	207,1 k €	-8.4%	226 k €	+16.2%	194,4 k €	-6.9%	208,8 k €	-8.9%	229,2 k €	-5.4%	242,4 k €	+227%	74,1 k €	-22.2%	95,3 k €	-5.3%	100,6 k €	-18.7%	123,8 k €	+36.5%	90,7 k €	-20.4%	114 k €	+78.4%	63,9 k €	-39.8%	106 k €	-21.9%	135,7 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 31/12/2025 · 2 active · 2 ended

Active mandates

Geneviève Vasbinder

Director · since 01 octobre 2012

Active

Vincent Klingeleers

Director · since 20 mars 1998

Active

Ended mandates

Geneviève Vasbinder

Manager · since 01 octobre 2012

Ended

Vincent Klingeleers

Manager · since 20 mars 1998

Ended

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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	01/07/2026	02/06/2025	11/07/2024	13/06/2023	10/06/2022	11/06/2021
General meeting	13/04/2026	14/04/2025	08/04/2024	10/04/2023	11/04/2022	12/04/2021
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	13/04/2026	01/07/2026	French	PDF
Abridged model	31/12/2024	14/04/2025	02/06/2025	French	PDF
Abridged model	31/12/2023	08/04/2024	11/07/2024	French	PDF
Abridged model	31/12/2022	10/04/2023	13/06/2023	French	PDF
Abridged model	31/12/2021	11/04/2022	10/06/2022	French	PDF
Abridged model	31/12/2020	12/04/2021	11/06/2021	French	PDF
Abridged model	31/12/2019	13/04/2020	10/07/2020	French	PDF
Abridged model	31/12/2018	08/04/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	09/04/2018	04/06/2018	French	PDF
Abridged model	31/12/2016	10/04/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	11/04/2016	06/07/2016	French	PDF
Abridged model	31/12/2014	13/04/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	14/04/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	08/04/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	09/04/2012	18/07/2012	French	PDF
Abridged model	31/12/2010	11/04/2011	14/07/2011	French	PDF
Abridged model	31/12/2009	12/04/2010	04/06/2010	French	PDF
Abridged model	31/12/2008	13/04/2009	15/06/2009	French	PDF
Abridged model	31/12/2007	14/04/2008	30/06/2008	French	PDF
Abridged model	31/12/2006	09/04/2007	01/06/2007	French	PDF

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 31/12/2025 · 2 active · 2 ended

Active mandates

Geneviève Vasbinder

Director · since 01 octobre 2012

Active

Vincent Klingeleers

Director · since 20 mars 1998

Active

Ended mandates

Geneviève Vasbinder

Manager · since 01 octobre 2012

Ended

Vincent Klingeleers

Manager · since 20 mars 1998

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office26/07/2019
SIEGE SOCIAL
PDF
Mandates26/10/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office31/10/2011
SIEGE SOCIAL
PDF
Mandates19/03/2008
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202579,7 k €↓
2024
Annual accounts 202491,3 k €↓
2023
Annual accounts 2023118,8 k €↑
2023
Name changeTECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES
2022
Annual accounts 2022110,8 k €↓
2021
Annual accounts 2021130,8 k €↑
2020
Annual accounts 202077,2 k €↓
2019
Annual accounts 2019125,7 k €↓
2018
Annual accounts 2018144,3 k €↑
2017
Annual accounts 201727,6 k €↑
2016
Annual accounts 2016-15,5 k €↑
2015
Annual accounts 2015-23,9 k €↓
2014
Annual accounts 201465,7 k €↑
2013
Annual accounts 201327,1 k €↓
2012
Annual accounts 201227,5 k €↑
2011
Annual accounts 201125,8 k €↑
2010
Annual accounts 201021,2 k €↓
2009
Annual accounts 200933,2 k €↑
2008
Annual accounts 200832,1 k €↑
2007
Annual accounts 200728,1 k €↓
2006
Annual accounts 200633 k €
2006
Name changeTECHNICAL ENGINEERING ET MANAGEMENT ASSOCIATES
21/08/1997
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

TECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES

Overview

What does TECHNICAL ENGINEERING & MANAGEMENT ASSOCIATES do?

Trend over 20 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