ACTIVE

TARTINE

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Financial year 2025 · closed on 30/09/2025

Net result

-2,7 k €

+85.7% YoY

Gross margin

-1,8 k €

+25.3% YoY

Equity

-163,9 k €

-1.7% YoY

What does TARTINE do?

TARTINE is a Private limited company incorporated in 2000. Its main activity is: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.458.780

Incorporation

08/12/2000

Legal form

Private limited company

Registered office

Gemeenteplein 17
8300 Knokke-Heist · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores· main 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 52240Cargo handling

Joint committees (3)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-1,8 k €	+25.3%	-2,4 k €	-83.1%	-1,3 k €	-3.9%	-1,3 k €	-1.8%	-1,3 k €	+48.9%	-2,5 k €	-917%	-242,6 €	+89.3%	-2,3 k €	+66.8%	-6,8 k €	-33.8%	-5,1 k €	+68.9%	-16,4 k €	-117%	94,3 k €	-62.7%	252,5 k €	-1.4%	256,2 k €	+18.5%	216,2 k €	+22.0%	177,3 k €	+13.8%	155,8 k €	-23.1%	202,7 k €
EBITDA	-2,6 k €	+10.7%	-2,9 k €	-64.1%	-1,8 k €	+0.6%	-1,8 k €	-24.3%	-1,5 k €	+41.1%	-2,5 k €	-321%	-586,6 €	+79.6%	-2,9 k €	+62.4%	-7,7 k €	-49.9%	-5,1 k €	+73.0%	-18,9 k €	+91.6%	-226,1 k €	-504%	56 k €	-36.7%	88,6 k €	+34.6%	65,8 k €	+7.2%	61,4 k €	+24.2%	49,4 k €	-43.5%	87,5 k €
Operating result	-2,6 k €	+88.2%	-22,2 k €	-1139%	-1,8 k €	+0.6%	-1,8 k €	-24.3%	-1,5 k €	+41.1%	-2,5 k €	-321%	-586,6 €	+79.6%	-2,9 k €	+62.4%	-7,7 k €	-48.7%	-5,1 k €	+73.1%	-19,1 k €	+93.1%	-275,7 k €	-3438%	8,3 k €	-82.3%	46,7 k €	+579%	6,9 k €	+214%	-6 k €	+48.3%	-11,7 k €	-144%	26,5 k €
Net result	-2,7 k €	+85.7%	-18,8 k €	-918%	-1,8 k €	+1.4%	-1,9 k €	+6.4%	-2 k €	+24.6%	-2,7 k €	-327%	-620,8 €	+78.7%	-2,9 k €	+76.3%	-12,3 k €	-68.0%	-7,3 k €	+83.4%	-44,1 k €	+48.5%	-85,7 k €	-713850%	12 €	-99.9%	19,5 k €	+373%	-7,1 k €	+41.8%	-12,3 k €	+57.1%	-28,6 k €	-343%	11,8 k €
Balance sheet
Equity	-163,9 k €	-1.7%	-161,3 k €	-13.2%	-142,5 k €	-1.3%	-140,6 k €	-1.3%	-138,7 k €	-1.6%	-136,6 k €	-2.0%	-134 k €	-0.5%	-133,3 k €	-2.2%	-130,4 k €	-10.4%	-118,1 k €	-6.6%	-110,8 k €	-66.2%	-66,6 k €	-451%	19 k €	+0.1%	19 k €	+4294%	-453 €	-107%	6,7 k €	-64.7%	18,9 k €	-60.1%	47,5 k €
Total assets	32,2 €	+439%	6 €	-100.0%	19,4 k €	+0.4%	19,3 k €	-40.0%	32,2 k €	+0.0%	32,1 k €	+0.0%	32,1 k €	-0.0%	32,1 k €	+0.0%	32,1 k €	+0.0%	32,1 k €	-12.5%	36,7 k €	-72.1%	131,4 k €	-64.6%	371,2 k €	+5.9%	350,4 k €	-12.0%	398,3 k €	+2.0%	390,4 k €	+15.0%	339,6 k €	-2.9%	349,6 k €
Cash	32,2 €	+439%	6 €	-92.9%	83,9 €	+494%	14,1 €	-8.1%	15,4 €	+424%	2,9 €	+114%	1,4 €	-57.3%	3,2 €	+60.5%	2 €		–		233 €	-96.0%	5,8 k €	-90.5%	60,6 k €	+25.5%	48,3 k €	-35.0%	74,3 k €	+42.6%	52,1 k €	+89.8%	27,5 k €	-34.3%	41,8 k €
Debts	164 k €	+1.7%	161,3 k €	-0.4%	161,8 k €	+1.2%	159,9 k €	-6.4%	170,9 k €	+1.3%	168,8 k €	+1.6%	166,1 k €	+0.4%	165,5 k €	+1.8%	162,6 k €	+8.2%	150,2 k €	+1.9%	147,5 k €	-25.5%	198,1 k €	-43.8%	352,2 k €	+6.3%	331,4 k €	-16.9%	398,8 k €	+4.0%	383,4 k €	+20.3%	318,7 k €	+5.5%	302,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		4,0 ETP	-43.7%	7,1 ETP	+20.3%	5,9 ETP	+3.5%	5,7 ETP	+14.0%	5,0 ETP	+35.1%	3,7 ETP	-17.8%	4,5 ETP

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Michel Deman

Mandate

Active

Ended mandates

Michel Deman

Director · since 05 décembre 2000

Ended

Michel Demain

Director · since 02 décembre 2000

Ended

Michel Deman

Director

Ended

Michel Deman

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DEMIMAX MANAGEMENT● Active	0653.921.144

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/03/2026	28/04/2025	18/04/2024	11/04/2023	08/04/2022	17/03/2021
General meeting	10/03/2026	11/03/2025	12/03/2024	14/03/2023	08/03/2022	09/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	10/03/2026	12/03/2026	Dutch	PDF
Micro model	30/09/2024	11/03/2025	28/04/2025	Dutch	PDF
Micro model	30/09/2023	12/03/2024	18/04/2024	Dutch	PDF
Micro model	30/09/2022	14/03/2023	11/04/2023	Dutch	PDF
Micro model	30/09/2021	08/03/2022	08/04/2022	Dutch	PDF
Micro model	30/09/2020	09/03/2021	17/03/2021	Dutch	PDF
Micro model	30/09/2019	10/03/2020	13/03/2020	Dutch	PDF
Abridged model	30/09/2018	12/03/2019	29/04/2019	Dutch	PDF
Abridged model	30/09/2017	13/03/2018	27/03/2018	Dutch	PDF
Abridged model	30/09/2016	14/03/2017	17/03/2017	Dutch	PDF
Abridged model	30/09/2015	08/03/2016	09/03/2016	Dutch	PDF
Abridged model	30/09/2014	10/03/2015	09/03/2016	Dutch	PDF
Abridged model	30/09/2013	11/03/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 30/09/2025 · 1 active · 5 ended

Active mandates

Michel Deman

Mandate

Active

Ended mandates

Michel Deman

Director · since 05 décembre 2000

Ended

Michel Demain

Director · since 02 décembre 2000

Ended

Michel Deman

Director

Ended

Michel Deman

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/08/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other18/02/2013
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office18/12/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/06/2012
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 2025-2,7 k €↑
2024
Annual accounts 2024-18,8 k €↓
2023
Annual accounts 2023-1,8 k €↑
2022
Annual accounts 2022-1,9 k €↑
2021
Annual accounts 2021-2 k €↑
2019
Annual accounts 2019-2,7 k €↓
2018
Annual accounts 2018-620,8 €↑
2017
Annual accounts 2017-2,9 k €↑
2016
Annual accounts 2016-12,3 k €↓
2015
Annual accounts 2015-7,3 k €↑
2014
Annual accounts 2014-44,1 k €↑
2013
Annual accounts 2013-85,7 k €↓
2011
Annual accounts 201112 €↓
2010
Annual accounts 201019,5 k €↑
2009
Annual accounts 2009-7,1 k €↑
2008
Annual accounts 2008-12,3 k €↑
2007
Annual accounts 2007-28,6 k €↓
2006
Annual accounts 200611,8 k €
08/12/2000
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

TARTINE

Overview

What does TARTINE do?

Trend over 18 financial years

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