ACTIVE

TASTE DEVELOPMENT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

920,3 k €

+16.0% YoY

Gross margin

2,4 M €

+10.0% YoY

Equity

2,9 M €

+46.5% YoY

Workforce

12,6 ETP

0.0% YoY

What does TASTE DEVELOPMENT do?

TASTE DEVELOPMENT is a Public limited company incorporated in 1998. Its registered office is in Seneffe. It employs on average 12,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.780.655

Incorporation

17/07/1998

Legal form

Public limited company

Registered office

Parc Industriel Paysager de Tyberchamps 25
7180 Seneffe · WallonieSee on map

Contributed capital

545 365,75 €

Latest accounts

31/12/2025

Average workforce

12,6 ETP

Joint committees (3)

200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,4 M €	+10.0%	2,1 M €	+10.5%	1,9 M €	-9.7%	2,1 M €	+16.4%	1,8 M €	+15.1%	1,6 M €	+20.9%	1,3 M €	-11.7%	1,5 M €	-0.5%	1,5 M €	+28.9%	1,2 M €	+32.6%	882,5 k €	-12.8%	1 M €	+4.6%	968,3 k €	-3.9%	1 M €	+24.9%	807,2 k €	+15.9%	696,5 k €	-0.4%	699,4 k €	+1.7%	687,6 k €	+9.8%	626,4 k €
EBITDA	1,3 M €	+8.5%	1,2 M €	+13.5%	1,1 M €	-23.3%	1,4 M €	+25.9%	1,1 M €	+81.7%	622,2 k €	+43.6%	433,1 k €	-41.0%	734 k €	-11.9%	832,7 k €	+63.3%	509,9 k €	+67.1%	305,2 k €	-35.4%	472,7 k €	+4.1%	454 k €	-15.8%	539,3 k €	+48.5%	363,3 k €	+11.0%	327,1 k €	-8.1%	356,1 k €	-18.5%	436,7 k €	+4.2%	419,3 k €
Operating result	1,2 M €	+13.0%	1,1 M €	+14.7%	932,6 k €	-25.7%	1,3 M €	+30.1%	965,4 k €	+111%	456,7 k €	+64.2%	278,2 k €	-54.5%	611,2 k €	-14.3%	713,2 k €	+96.1%	363,8 k €	+145%	148,3 k €	-55.8%	335,3 k €	-8.4%	366,1 k €	-23.0%	475,5 k €	+53.6%	309,5 k €	+17.5%	263,3 k €	-15.1%	310,2 k €	-24.6%	411,1 k €	+2.7%	400,4 k €
Net result	920,3 k €	+16.0%	793,4 k €	+14.9%	690,8 k €	-26.4%	938,5 k €	+32.9%	706,1 k €	+117%	324,8 k €	+64.8%	197,1 k €	-50.8%	400,9 k €	-15.5%	474,3 k €	+93.9%	244,5 k €	+109%	116,7 k €	-52.2%	244,2 k €	+5.1%	232,3 k €	-28.6%	325,6 k €	+56.0%	208,7 k €	+13.8%	183,4 k €	-21.6%	233,9 k €	-17.9%	284,9 k €	-29.9%	406,7 k €
Balance sheet
Equity	2,9 M €	+46.5%	2 M €	-3.3%	2 M €	+10.5%	1,8 M €	+14.4%	1,6 M €	+12.2%	1,4 M €	+8.6%	1,3 M €	+7.3%	1,2 M €	+16.4%	1,1 M €	+0.2%	1,1 M €	+3.6%	1 M €	-28.1%	1,4 M €	-0.8%	1,4 M €	+25.1%	1,1 M €	+13.1%	1 M €	+9.9%	916,3 k €	+6.2%	862,8 k €	+27.1%	678,9 k €	+37.4%	494 k €
Total assets	3,6 M €	+7.2%	3,4 M €	+13.1%	3 M €	-6.6%	3,2 M €	+5.7%	3 M €	+32.4%	2,3 M €	+4.8%	2,2 M €	-7.2%	2,3 M €	-2.8%	2,4 M €	+0.3%	2,4 M €	-3.1%	2,5 M €	-10.3%	2,8 M €	+4.7%	2,6 M €	+5.5%	2,5 M €	+62.1%	1,5 M €	+4.5%	1,5 M €	+13.1%	1,3 M €	-0.3%	1,3 M €	+35.5%	964,1 k €
Cash	1,8 M €	+17.6%	1,5 M €	+54.9%	991,7 k €	+8.9%	910,7 k €	+9.9%	828,5 k €	+315%	199,6 k €	+212%	63,9 k €	-79.5%	312,1 k €	-20.1%	390,3 k €	+28.5%	303,7 k €	+248%	87,4 k €	-81.6%	473,9 k €	-12.7%	543,1 k €	+20.6%	450,2 k €	+3.5%	435,2 k €	-47.0%	820,4 k €	+4.2%	787,4 k €	+2.7%	766,4 k €	+43.6%	533,7 k €
Debts	727,1 k €	-48.0%	1,4 M €	+48.5%	942,1 k €	-29.9%	1,3 M €	-4.3%	1,4 M €	+66.6%	842,7 k €	-1.1%	851,9 k €	-23.2%	1,1 M €	-17.8%	1,4 M €	+0.4%	1,3 M €	-7.7%	1,5 M €	+8.7%	1,3 M €	+11.0%	1,2 M €	-11.0%	1,4 M €	+155%	531,6 k €	-4.5%	556,6 k €	+26.5%	439,9 k €	-29.9%	627,5 k €	+33.5%	470,2 k €
Other
Workforce	12,6 ETP	0.0%	12,6 ETP	+16.7%	10,8 ETP	-4.4%	11,3 ETP	+5.6%	10,7 ETP	-33.5%	16,1 ETP	-1.8%	16,4 ETP	+19.7%	13,7 ETP	+13.2%	12,1 ETP	+0.8%	12,0 ETP	+1.7%	11,8 ETP	+34.1%	8,8 ETP	-7.4%	9,5 ETP	-3.1%	9,8 ETP	+28.9%	7,6 ETP	-6.2%	8,1 ETP	-2.4%	8,3 ETP	+31.7%	6,3 ETP	+12.5%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 38 ended

Active mandates

Hans Udo Wenzel

Director · since 18 décembre 2025 · until 18 décembre 2031

Active

Luigi Del Monaco

Director · since 18 décembre 2025 · until 18 décembre 2031

Active

Thierry Waeyenbergh

Managing director · since 18 décembre 2025 · until 18 décembre 2031

Active

Sandrine BRAET

Director · since 17 mai 2019 · until 17 mai 2029

Active

An LEDEGANCK

Director · since 17 mai 2017 · until 18 décembre 2025

Active

Arnaud Paul DE BEUKELAER

Director · since 17 mai 2017 · until 18 décembre 2025

Active

Jérémy HOLLOWAY

Director · since 17 mai 2017 · until 17 mai 2029

Active

Valérie CRUYPLANTS

Vice-chairman of the board of directors · since 17 mai 2017 · until 18 décembre 2025

Active

Ended mandates

Sandrine BRAET

Director · since 17 mai 2019 · until 17 mai 2023

Ended

Sandrine BRAET

Director · since 16 mai 2019 · until 17 mai 2023

Ended

An Ledeganck

Director · since 17 mai 2017 · until 17 mai 2023

Ended

An LEDEGANCK

Director · since 17 mai 2017 · until 17 mai 2029

Ended

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	26/05/2026	27/05/2025	22/05/2024	30/05/2023	16/06/2022	17/06/2021
General meeting	20/05/2026	14/05/2025	15/05/2024	27/04/2023	20/05/2022	19/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/05/2026	26/05/2026	French	PDF
Abridged model	31/12/2024	14/05/2025	27/05/2025	French	PDF
Abridged model	31/12/2023	15/05/2024	22/05/2024	French	PDF
Abridged model	31/12/2022	27/04/2023	30/05/2023	French	PDF
Abridged model	31/12/2021	20/05/2022	16/06/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	17/06/2021	French	PDF
Abridged model	31/12/2019	14/07/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	14/06/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	25/05/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	24/05/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	08/06/2016	French	PDF
Abridged model	31/12/2014	13/05/2015	20/05/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	22/07/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	22/06/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	11/06/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	17/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	17/06/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	14/07/2009	French	PDF
Abridged model	31/12/2007	19/05/2008	10/06/2008	French	PDF
Abridged model	31/12/2006	10/05/2007	22/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 8 active · 38 ended

Active mandates

Hans Udo Wenzel

Director · since 18 décembre 2025 · until 18 décembre 2031

Active

Luigi Del Monaco

Director · since 18 décembre 2025 · until 18 décembre 2031

Active

Thierry Waeyenbergh

Managing director · since 18 décembre 2025 · until 18 décembre 2031

Active

Sandrine BRAET

Director · since 17 mai 2019 · until 17 mai 2029

Active

An LEDEGANCK

Director · since 17 mai 2017 · until 18 décembre 2025

Active

Arnaud Paul DE BEUKELAER

Director · since 17 mai 2017 · until 18 décembre 2025

Active

Jérémy HOLLOWAY

Director · since 17 mai 2017 · until 17 mai 2029

Active

Valérie CRUYPLANTS

Vice-chairman of the board of directors · since 17 mai 2017 · until 18 décembre 2025

Active

Ended mandates

Sandrine BRAET

Director · since 17 mai 2019 · until 17 mai 2023

Ended

Sandrine BRAET

Director · since 16 mai 2019 · until 17 mai 2023

Ended

An Ledeganck

Director · since 17 mai 2017 · until 17 mai 2023

Ended

An LEDEGANCK

Director · since 17 mai 2017 · until 17 mai 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates20/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office07/05/2012
SIEGE SOCIAL
PDF
Mandates02/02/2012
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 2025920,3 k €↑
2024
Annual accounts 2024793,4 k €↑
2023
Annual accounts 2023690,8 k €↓
2022
Annual accounts 2022938,5 k €↑
2021
Annual accounts 2021706,1 k €↑
2019
Annual accounts 2019324,8 k €↑
2018
Annual accounts 2018197,1 k €↓
2017
Annual accounts 2017400,9 k €↓
2016
Annual accounts 2016474,3 k €↑
2015
Annual accounts 2015244,5 k €↑
2014
Annual accounts 2014116,7 k €↓
2013
Annual accounts 2013244,2 k €↑
2012
Annual accounts 2012232,3 k €↓
2011
Annual accounts 2011325,6 k €↑
2010
Annual accounts 2010208,7 k €↑
2009
Annual accounts 2009183,4 k €↓
2008
Annual accounts 2008233,9 k €↓
2007
Annual accounts 2007284,9 k €↓
2006
Annual accounts 2006406,7 k €
17/07/1998
IncorporationPublic 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

TASTE DEVELOPMENT

Overview

What does TASTE DEVELOPMENT do?

Trend over 19 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline