ACTIVE

T.E.P.

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

-13.4% YoY

Gross margin

2,8 M €

Equity

1,6 M €

-37.3% YoY

Workforce

10,6 ETP

+5.0% YoY

What does T.E.P. do?

T.E.P. is a Private limited company incorporated in 1998. Its registered office is in Wavre. It employs on average 10,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.183.809

Incorporation

16/04/1998

Legal form

Private limited company

Registered office

Avenue Zénobe Gramme 25
1300 Wavre · WallonieSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2025

Average workforce

10,6 ETP

Joint committees (4)

100
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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	2,8 M €		–		–		2,4 M €	-40.8%	4,1 M €	+73.5%	2,3 M €	+131%	1 M €	+79.4%	562,8 k €	+38.7%	405,8 k €	+35.7%	299,1 k €	+152%	118,6 k €	+109%	56,8 k €	-8.3%	62 k €	-31.7%	90,8 k €	-21.1%	115 k €	+4.0%	110,7 k €	-17.2%	133,6 k €	-17.8%	162,5 k €	-15.0%	191,1 k €	-4.9%	201 k €
EBITDA	2,1 M €	-1.0%	2,1 M €	-5.9%	2,2 M €	+21.3%	1,8 M €	-47.2%	3,4 M €	+71.2%	2 M €	+188%	698,2 k €	+165%	263,6 k €	+33.9%	196,8 k €	+5.3%	186,9 k €	+4882%	-3,9 k €	-119%	20,2 k €	-42.7%	35,3 k €	+22.0%	28,9 k €	-41.2%	49,2 k €	+26.4%	38,9 k €	-47.6%	74,2 k €	-22.6%	95,9 k €	-33.0%	143,1 k €	-15.7%	169,7 k €
Operating result	1,9 M €	-6.7%	2 M €	-3.3%	2,1 M €	+20.8%	1,7 M €	-48.3%	3,4 M €	+74.1%	1,9 M €	+176%	700 k €	+194%	237,8 k €	+33.4%	178,2 k €	+1.1%	176,4 k €	+1375%	-13,8 k €	-408%	4,5 k €	-78.6%	21 k €	+121%	9,5 k €	-67.8%	29,4 k €	-5.3%	31,1 k €	-44.8%	56,3 k €	-23.9%	74 k €	-26.4%	100,5 k €	-21.3%	127,7 k €
Net result	1,5 M €	-13.4%	1,8 M €	+8.8%	1,6 M €	+19.2%	1,4 M €	-46.4%	2,5 M €	+74.7%	1,4 M €	+200%	483,7 k €	+206%	158,2 k €	+36.5%	115,9 k €	+3.3%	112,2 k €	+740%	-17,5 k €	-301%	-4,4 k €	-515%	-710,8 €	-105%	14,9 k €	-45.4%	27,3 k €	-16.1%	32,5 k €	-30.4%	46,7 k €	-21.3%	59,4 k €	-9.7%	65,8 k €	-21.7%	84 k €
Balance sheet
Equity	1,6 M €	-37.3%	2,6 M €	-61.8%	6,9 M €	+6.5%	6,4 M €	+26.7%	5,1 M €	+99.1%	2,6 M €	+131%	1,1 M €	+77.7%	622,9 k €	+8.4%	574,7 k €	-5.6%	608,8 k €	+22.6%	496,6 k €	-3.4%	514,1 k €	-0.8%	518,4 k €	-0.1%	519,2 k €	+3.0%	504,3 k €	+5.7%	477 k €	+7.3%	444,5 k €	+10.7%	401,7 k €	+16.0%	346,2 k €	+21.8%	284,3 k €
Total assets	5 M €	-46.8%	9,4 M €	+10.9%	8,5 M €	+16.4%	7,3 M €	+27.0%	5,7 M €	+54.7%	3,7 M €	+129%	1,6 M €	+89.6%	856,7 k €	+4.0%	823,6 k €	+21.0%	680,4 k €	+25.3%	542,8 k €	-0.2%	543,9 k €	-5.3%	574,2 k €	+0.3%	572,3 k €	+0.3%	570,7 k €	+6.9%	533,7 k €	+9.6%	487 k €	+5.1%	463,3 k €	+10.1%	421 k €	+18.8%	354,5 k €
Cash	10,4 k €	+210%	3,3 k €	-91.6%	39,8 k €	-99.0%	3,9 M €	+95.0%	2 M €	+3.5%	1,9 M €	+123%	861,2 k €	+218%	271,2 k €	+0.7%	269,3 k €	+28.4%	209,7 k €	+58.6%	132,2 k €	+73.0%	76,5 k €	-17.0%	92,1 k €	-1.0%	93 k €	-21.6%	118,7 k €	-29.6%	168,5 k €	-21.3%	214,2 k €	-21.1%	271,4 k €	+32.9%	204,2 k €	+141%	84,9 k €
Debts	3,3 M €	-51.6%	6,8 M €	+342%	1,5 M €	+101%	759,2 k €	+15.7%	656,1 k €	-43.3%	1,2 M €	+124%	515,4 k €	+120%	233,8 k €	-6.0%	248,9 k €	+247%	71,7 k €	+54.9%	46,3 k €	+55.3%	29,8 k €	-46.6%	55,8 k €	+29.2%	43,2 k €	-23.5%	56,5 k €	+20.9%	46,7 k €	+43.6%	32,5 k €	-37.1%	51,7 k €	-20.3%	64,8 k €	-0.2%	64,9 k €
Other
Workforce	10,6 ETP	+5.0%	10,1 ETP	-1.0%	10,2 ETP	+2.0%	10,0 ETP	+1.0%	9,9 ETP	+67.8%	5,9 ETP	+28.3%	4,6 ETP	+21.1%	3,8 ETP	+31.0%	2,9 ETP	+93.3%	1,5 ETP	0.0%	1,5 ETP	+50.0%	1,0 ETP	+42.9%	0,7 ETP	-30.0%	1,0 ETP	-33.3%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+15.4%	1,3 ETP	+18.2%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

POLLET POOL GROUP

Director · since 16 février 2026 · 1014.985.135

Represented by Taillieu Dimitri

Active

SMARDIX

Director · since 05 juillet 2023 · 0795.128.202

Represented by Pollet Sofie

Active

Ended mandates

Archer Consultancy

Director · since 05 juillet 2023 · 0738.916.504

Represented by JEROEN VAN WAUWE

Ended

SMARDIX

Director · since 05 juillet 2023 · 0795.128.202

Represented by SOFIE POLLET

Ended

VALMAT MANAGEMENT

Director · since 05 juillet 2023 · 0803.742.295

Represented by MATHIEU DELEVAL

Ended

Delteam Holding

Manager · since 01 janvier 2011 · 0832.247.627

Represented by Thierry Delaval

Ended

At this address

Other companies at this address

Company	CBE no.
AFP HOLDING● Active	0738.601.649

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full 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	20/07/2026	29/08/2025	30/08/2024	16/06/2023	13/05/2022	10/03/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	15/06/2023	10/05/2022	03/03/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	20/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Full model	31/12/2023	30/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	16/06/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	13/05/2022	French	PDF
Abridged model	31/12/2020	03/03/2021	10/03/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	08/06/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	06/06/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	27/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	31/07/2017	04/09/2017	French	PDF
Abridged model	31/12/2016	09/05/2017	14/06/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	10/09/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	16/11/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	07/11/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	28/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	15/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	06/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 15 ended

Active mandates

POLLET POOL GROUP

Director · since 16 février 2026 · 1014.985.135

Represented by Taillieu Dimitri

Active

SMARDIX

Director · since 05 juillet 2023 · 0795.128.202

Represented by Pollet Sofie

Active

Ended mandates

Archer Consultancy

Director · since 05 juillet 2023 · 0738.916.504

Represented by JEROEN VAN WAUWE

Ended

SMARDIX

Director · since 05 juillet 2023 · 0795.128.202

Represented by SOFIE POLLET

Ended

VALMAT MANAGEMENT

Director · since 05 juillet 2023 · 0803.742.295

Represented by MATHIEU DELEVAL

Ended

Delteam Holding

Manager · since 01 janvier 2011 · 0832.247.627

Represented by Thierry Delaval

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2026
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2023
DEMISSIONS, NOMINATIONS
PDF
Other27/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office22/06/2018
SIEGE SOCIAL
PDF
Mandates08/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2012
DEMISSIONS, NOMINATIONS
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 20251,5 M €↓
2025
Name changeT.E.P.
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 20231,6 M €↑
2022
Annual accounts 20221,4 M €↓
2021
Annual accounts 20212,5 M €↑
2021
Name changeTEP
2020
Annual accounts 20201,4 M €↑
2019
Annual accounts 2019483,7 k €↑
2018
Annual accounts 2018158,2 k €↑
2017
Annual accounts 2017115,9 k €↑
2016
Annual accounts 2016112,2 k €↑
2015
Annual accounts 2015-17,5 k €↓
2014
Annual accounts 2014-4,4 k €↓
2013
Annual accounts 2013-710,8 €↓
2012
Annual accounts 201214,9 k €↓
2011
Annual accounts 201127,3 k €↓
2010
Annual accounts 201032,5 k €↓
2009
Annual accounts 200946,7 k €↓
2008
Annual accounts 200859,4 k €↓
2007
Annual accounts 200765,8 k €↓
2006
Annual accounts 200684 k €
16/04/1998
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

T.E.P.

Overview

What does T.E.P. 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