ACTIVE

T.C.S.

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+115.0% YoY

Gross margin

2,6 M €

+77.0% YoY

Equity

1,1 M €

+0.6% YoY

Workforce

19,2 ETP

+29.7% YoY

What does T.C.S. do?

T.C.S. is a Private limited company incorporated in 1999. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Saint-Nicolas. It employs on average 19,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.027.878

Incorporation

08/10/1999

Legal form

Private limited company

Registered office

Rue des Martyrs 115
4420 Saint-Nicolas · WallonieSee on map

Contributed capital

418 800,00 €

Latest accounts

31/12/2025

Average workforce

19,2 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 45332Sale of motor vehicle parts and accessories

Joint committees (5)

124
149
14901
200
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 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	2,6 M €	+77.0%	1,5 M €	-37.6%	2,4 M €	+28.5%	1,8 M €	+35.6%	1,4 M €	+29.8%	1 M €	-3.7%	1,1 M €	-16.7%	1,3 M €	+69.4%	772,9 k €	-38.9%	1,3 M €		–		–		–		–		–		1,4 M €	+153%	556,5 k €	-44.1%	996 k €	+49.7%	665,1 k €	-1.3%	673,6 k €
EBITDA	1,4 M €	+83.7%	746,9 k €	-55.0%	1,7 M €	+56.3%	1,1 M €	+83.5%	579,2 k €	-4.3%	605,3 k €	+17.7%	514,1 k €	-42.5%	893,5 k €	+74.5%	512 k €	-46.6%	958,6 k €	+423%	183,4 k €	-10.9%	205,7 k €	-39.1%	337,9 k €	+213%	108 k €	+112%	-904,4 k €	-52.7%	-592,2 k €	-320%	-140,9 k €	-203%	137 k €	+44.2%	95 k €	+55.4%	61,2 k €
Operating result	1,5 M €	+112%	732,1 k €	-53.1%	1,6 M €	+47.7%	1,1 M €	+26.1%	839,4 k €	+101%	416,7 k €	-18.1%	508,6 k €	-43.0%	892,2 k €	+39.0%	641,8 k €	-38.0%	1 M €	+2033%	48,5 k €	-78.1%	221,2 k €	+29.8%	170,4 k €	+370%	-63 k €	+94.5%	-1,1 M €	-27.1%	-896,3 k €	-432%	-168,5 k €	-256%	108,2 k €	+37.1%	78,9 k €	+155%	31 k €
Net result	1,1 M €	+115%	524,2 k €	-54.3%	1,1 M €	+49.3%	767,8 k €	+26.4%	607,7 k €	+102%	300,7 k €	-12.4%	343,3 k €	-53.9%	744,9 k €	+17.3%	635 k €	-36.4%	998,8 k €	+3241%	29,9 k €	-85.4%	204,7 k €	+24.4%	164,5 k €	+315%	-76,6 k €	+94.8%	-1,5 M €	-50.7%	-983 k €	-449%	-179,1 k €	-388%	62,1 k €	+36.4%	45,5 k €	+165%	17,2 k €
Balance sheet
Equity	1,1 M €	+0.6%	1,1 M €	+0.4%	1,1 M €	+0.6%	1,1 M €	+0.3%	1,1 M €	+39.5%	779,3 k €	+14.8%	678,6 k €	-73.8%	2,6 M €	+26.7%	2 M €	+45.2%	1,4 M €	+246%	406,6 k €	+7.9%	376,8 k €	+119%	172,1 k €	+2190%	7,5 k €	+100%	-2,3 M €	-178%	-834,4 k €	-661%	148,7 k €	-54.6%	327,7 k €	+23.4%	265,6 k €	+20.7%	220,1 k €
Total assets	3,5 M €	+12.0%	3,1 M €	-6.9%	3,4 M €	+21.9%	2,8 M €	+17.8%	2,3 M €	+7.2%	2,2 M €	-5.7%	2,3 M €	-43.3%	4,1 M €	+44.1%	2,8 M €	+19.2%	2,4 M €	+27.8%	1,9 M €	-1.2%	1,9 M €	+16.1%	1,6 M €	-6.4%	1,7 M €	-37.8%	2,8 M €	+9.5%	2,6 M €	+214%	813,5 k €	-24.1%	1,1 M €	+10.4%	970,8 k €	+0.9%	962,5 k €
Cash	1,9 M €	+40.3%	1,4 M €	-39.5%	2,2 M €	+160%	863,9 k €	-7.8%	936,7 k €	-25.3%	1,3 M €	+46.5%	855,8 k €	-57.3%	2 M €	+100%	999,4 k €	-44.5%	1,8 M €	+154%	708,1 k €	+29.7%	545,9 k €	+142%	225,6 k €	+416%	43,8 k €	-68.7%	140 k €	+253%	39,6 k €	+74.8%	22,7 k €	-59.7%	56,3 k €	-19.4%	69,9 k €	+7.0%	65,3 k €
Debts	2,4 M €	+18.0%	2 M €	-10.4%	2,3 M €	+35.8%	1,7 M €	+33.2%	1,3 M €	-8.5%	1,4 M €	-14.4%	1,6 M €	+8.8%	1,5 M €	+91.6%	770,7 k €	+7.5%	717,1 k €	-31.6%	1 M €	-17.9%	1,3 M €	+1.8%	1,3 M €	-25.9%	1,7 M €	-66.7%	5,1 M €	+51.5%	3,4 M €	+428%	635,9 k €	-11.6%	719,6 k €	+5.1%	684,7 k €	-7.4%	739,3 k €
Other
Workforce	19,2 ETP	+29.7%	14,8 ETP	-2.6%	15,2 ETP	0.0%	15,2 ETP	+16.0%	13,1 ETP	+3.1%	12,7 ETP	-6.6%	13,6 ETP	+8.8%	12,5 ETP	+6.8%	11,7 ETP	-4.9%	12,3 ETP	-7.5%	13,3 ETP	-18.4%	16,3 ETP	-20.5%	20,5 ETP	-31.9%	30,1 ETP	-21.8%	38,5 ETP	+2.7%	37,5 ETP	+103%	18,5 ETP	-32.2%	27,3 ETP	+46.8%	18,6 ETP	-10.1%	20,7 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 · 2 active · 11 ended

Active mandates

Albert BOYENS

Director · since 12 juin 2020

Active

JSR CONSULT

Director · since 12 juin 2020 · 0806.884.305

Represented by Salvatore RIZZO

Active

Ended mandates

JSR CONSULT

Manager · since 07 octobre 2018 · until 27 mai 2014 · 0806.884.305

Represented by Salvatore RIZZO

Ended

Albert BOYENS

Director · since 30 mai 2017 · until 26 mai 2020

Ended

Albert BOYENS

Manager · since 30 mai 2017 · until 26 mai 2020

Ended

JSR CONSULT

Manager · since 30 mai 2017 · until 26 mai 2020 · 0806.884.305

Represented by Salvatore RIZZO

Ended

At this address

Other companies at this address

Company	CBE no.
ALARME CONTROLE● Active	0444.361.651
AVROY 38● Active	0690.923.278
A.V. TECHNOLOGY● Active	0694.568.795
BALTEAU GROUP● Active	0654.759.304
BALTEAU I.E.● Active	0423.965.422
BEHIND THE WHEEL● Active	0792.638.765
ENGENEERING CABLING SYSTEM● Active	0438.198.587
IMMOBILIERE DE TILLEUR● Active	0667.632.786
IMMOBILIERE OMC● Active	0786.598.041
IMMORIPRO● Active	0416.871.950
INTERSYSTO● Active	0882.009.221
MASANA● Active	0881.505.514
N.C. PARACHEVEMENT● Active	0824.690.535
PARTFIN● Active	0654.711.693
SERVICE PARTNER● Active	0459.762.083
Société Simple Momentanée BALTEAU IE SA - NEWELEC SA● Active	0787.561.212
Société simple momentanée des SA BALTEAU IE - COLLIGNON ENG (CORA)● Active	1029.892.748
Société Simple Momentanée des SA BALTEAU IE - NEWELEC - NSI VOLTA● Active	1035.358.895
TCS - D-FI - Montefiore● Active	1009.462.667

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	30/06/2026	11/06/2025	05/07/2024	29/06/2023	27/06/2022	21/06/2021
General meeting	18/06/2026	27/05/2025	18/06/2024	23/06/2023	31/05/2022	25/05/2021
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	18/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	27/05/2025	11/06/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	05/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	29/06/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	12/06/2020	25/06/2020	French	PDF
Abridged model	31/12/2018	28/05/2019	07/06/2019	French	PDF
Abridged model	31/12/2017	29/05/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	27/06/2017	French	PDF
Full model	31/12/2015	31/05/2016	06/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	03/06/2015	French	PDF
Full model	31/12/2013	27/05/2014	03/06/2014	French	PDF
Full model	31/12/2012	20/08/2013	27/08/2013	French	PDF
Full model	31/12/2011	29/10/2012	15/11/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	02/11/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	03/09/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	07/06/2007	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 · 2 active · 11 ended

Active mandates

Albert BOYENS

Director · since 12 juin 2020

Active

JSR CONSULT

Director · since 12 juin 2020 · 0806.884.305

Represented by Salvatore RIZZO

Active

Ended mandates

JSR CONSULT

Manager · since 07 octobre 2018 · until 27 mai 2014 · 0806.884.305

Represented by Salvatore RIZZO

Ended

Albert BOYENS

Director · since 30 mai 2017 · until 26 mai 2020

Ended

Albert BOYENS

Manager · since 30 mai 2017 · until 26 mai 2020

Ended

JSR CONSULT

Manager · since 30 mai 2017 · until 26 mai 2020 · 0806.884.305

Represented by Salvatore RIZZO

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/11/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office28/09/2022
SIEGE SOCIAL
PDF
Mandates09/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2017
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 20251,1 M €↑
2024
Annual accounts 2024524,2 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022767,8 k €↑
2021
Annual accounts 2021607,7 k €↑
2020
Annual accounts 2020300,7 k €↓
2019
Annual accounts 2019343,3 k €↓
2019
Name changeT.C.S.
2018
Annual accounts 2018744,9 k €↑
2017
Annual accounts 2017635 k €↓
2016
Annual accounts 2016998,8 k €↑
2015
Annual accounts 201529,9 k €↓
2014
Annual accounts 2014204,7 k €↑
2013
Annual accounts 2013164,5 k €↑
2012
Annual accounts 2012-76,6 k €↑
2011
Annual accounts 2011-1,5 M €↓
2010
Annual accounts 2010-983 k €↓
2009
Annual accounts 2009-179,1 k €↓
2009
Name changeT.C.S. PIROTTE
2008
Annual accounts 200862,1 k €↑
2007
Annual accounts 200745,5 k €↑
2006
Annual accounts 200617,2 k €
2006
Name changeT.C.S. MAINTENANCE
08/10/1999
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.C.S.

Overview

What does T.C.S. 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