ACTIVE

TSV

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Financial year 2025 · closed on 31/12/2025

Net result

51,1 k €

-67.6% YoY

Gross margin

293,5 k €

-34.8% YoY

Equity

1 M €

-4.4% YoY

Workforce

2,7 ETP

0.0% YoY

What does TSV do?

TSV is a Private limited company incorporated in 2001. Its main activity is: Electrical installation. Its registered office is in Retie. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.507.766

Incorporation

05/04/2001

Legal form

Private limited company

Registered office

Veldenstraat 26
2470 Retie · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

2,7 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 43320Joinery installation 43320Joinery installation 45310Wholesale trade of motor vehicle parts and accessories 45422Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (3)

14901
200
209

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	293,5 k €	-34.8%	450,5 k €	-1.7%	458,4 k €	+20.8%	379,6 k €	-14.1%	441,8 k €	+30.0%	339,9 k €	-3.0%	350,4 k €	+50.4%	232,9 k €	+10.8%	210,3 k €	-24.8%	279,5 k €	+11.6%	250,5 k €	-14.8%	294,1 k €	+51.4%	194,3 k €	-14.4%	227,1 k €	+69.2%	134,2 k €	+22.9%	109,2 k €	+39.9%	78,1 k €	+8.1%	72,2 k €	-34.7%	110,6 k €	+23.8%	89,4 k €
EBITDA	135,1 k €	-53.6%	291 k €	+2.0%	285,4 k €	+27.3%	224,1 k €	-24.3%	296,2 k €	+45.8%	203,1 k €	+9.9%	184,7 k €	+74.8%	105,7 k €	+31.2%	80,6 k €	-54.6%	177,5 k €	+5.0%	169 k €	-22.9%	219,2 k €	+77.3%	123,7 k €	-29.0%	174,3 k €	+88.8%	92,3 k €	+37.8%	67 k €	+45.4%	46,1 k €	+42.6%	32,3 k €	-23.6%	42,3 k €	+25.1%	33,8 k €
Operating result	73,1 k €	-67.8%	227 k €	-8.3%	247,7 k €	+29.4%	191,4 k €	-25.9%	258,2 k €	+68.1%	153,6 k €	+11.2%	138,1 k €	+138%	58,1 k €	+70.2%	34,1 k €	-73.6%	129,2 k €	+7.8%	119,8 k €	-28.1%	166,5 k €	+102%	82,5 k €	-39.6%	136,7 k €	+126%	60,5 k €	+52.6%	39,6 k €	+48.2%	26,8 k €	+70.5%	15,7 k €	-37.7%	25,2 k €	+29.0%	19,5 k €
Net result	51,1 k €	-67.6%	157,4 k €	-8.0%	171,2 k €	+26.9%	134,8 k €	-24.8%	179,3 k €	+63.7%	109,6 k €	+11.9%	97,9 k €	+137%	41,3 k €	+119%	18,8 k €	-76.2%	79 k €	+10.4%	71,6 k €	-32.2%	105,6 k €	+82.5%	57,9 k €	-38.8%	94,6 k €	+134%	40,4 k €	+61.9%	25 k €	+46.6%	17 k €	+118%	7,8 k €	-47.7%	15 k €	+35.4%	11 k €
Balance sheet
Equity	1 M €	-4.4%	1,1 M €	+12.1%	958,9 k €	+18.9%	806,5 k €	+4.5%	771,7 k €	+3.8%	743,4 k €	+17.3%	633,9 k €	+1.3%	626 k €	+7.1%	584,8 k €	+3.3%	565,9 k €	+16.2%	486,9 k €	+17.2%	415,3 k €	+89.0%	219,7 k €	-16.1%	261,8 k €	+56.5%	167,2 k €	+31.9%	126,8 k €	+24.5%	101,9 k €	+29.5%	78,6 k €	+11.1%	70,8 k €	+26.8%	55,8 k €
Total assets	1,1 M €	-6.1%	1,2 M €	+0.3%	1,2 M €	+20.0%	973,2 k €	-2.3%	996,5 k €	+5.8%	941,8 k €	+2.4%	919,8 k €	+20.0%	766,3 k €	-1.0%	773,7 k €	+7.4%	720,5 k €	+17.7%	612,1 k €	+14.7%	533,7 k €	+7.0%	498,5 k €	+18.6%	420,3 k €	+25.6%	334,7 k €	+19.1%	281 k €	+23.5%	227,5 k €	+11.3%	204,4 k €	-13.5%	236,2 k €	+29.4%	182,5 k €
Cash	445,6 k €	-13.0%	512,3 k €	+16.7%	439,1 k €	+43.7%	305,7 k €	-14.7%	358,5 k €	+6.8%	335,6 k €	-7.4%	362,5 k €	+43.2%	253,2 k €	+33.2%	190 k €	+1.9%	186,5 k €	+138%	78,3 k €	-53.4%	168,1 k €	+11.4%	150,9 k €	+387%	31 k €	-34.6%	47,3 k €	+67.7%	28,2 k €	+92.0%	14,7 k €	-43.9%	26,2 k €	+39.7%	18,8 k €	+527%	3 k €
Debts	72,1 k €	-25.4%	96,7 k €	-53.8%	209,3 k €	+25.6%	166,6 k €	-25.9%	224,8 k €	+13.3%	198,4 k €	-29.5%	281,2 k €	+100%	140,3 k €	-24.5%	185,8 k €	+24.4%	149,3 k €	+19.3%	125,2 k €	+8.6%	115,4 k €	-58.5%	278,3 k €	+76.4%	157,7 k €	-5.8%	167,4 k €	+14.0%	146,9 k €	+16.9%	125,7 k €	-0.1%	125,8 k €	-23.9%	165,4 k €	+30.6%	126,7 k €
Other
Workforce	2,7 ETP	0.0%	2,7 ETP	-15.6%	3,2 ETP	+14.3%	2,8 ETP	+3.7%	2,7 ETP	-22.9%	3,5 ETP	-5.4%	3,7 ETP	+37.0%	2,7 ETP	+8.0%	2,5 ETP	0.0%	2,5 ETP	+25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+53.8%	1,3 ETP	+30.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP

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 · 3 active · 5 ended

Active mandates

Kevin VENNEKENS

Director

Active

LUC VENNEKENS

Director

Active

Mick VENNEKENS

Director

Active

Ended mandates

MICK VENNEKENS

Manager · since 01 janvier 2009

Ended

Kevin VENNEKENS

Manager · since 01 janvier 2008

Ended

LUC VENNEKENS

Manager · since 26 mars 2001

Ended

KEVIN VENNEKENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
TSV Group● Active	0667.940.416

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	17/06/2026	26/06/2025	14/08/2024	22/06/2023	29/06/2022	05/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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	16/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	20/06/2007	Dutch	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 · 3 active · 5 ended

Active mandates

Kevin VENNEKENS

Director

Active

LUC VENNEKENS

Director

Active

Mick VENNEKENS

Director

Active

Ended mandates

MICK VENNEKENS

Manager · since 01 janvier 2009

Ended

Kevin VENNEKENS

Manager · since 01 janvier 2008

Ended

LUC VENNEKENS

Manager · since 26 mars 2001

Ended

KEVIN VENNEKENS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Registered office27/04/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares05/02/2014
KAPITAAL - AANDELEN
PDF
Mandates23/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2008
ONTSLAGEN - BENOEMINGEN
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 202551,1 k €↓
2024
Annual accounts 2024157,4 k €↓
2023
Annual accounts 2023171,2 k €↑
2022
Annual accounts 2022134,8 k €↓
2021
Annual accounts 2021179,3 k €↑
2020
Annual accounts 2020109,6 k €↑
2019
Annual accounts 201997,9 k €↑
2018
Annual accounts 201841,3 k €↑
2017
Annual accounts 201718,8 k €↓
2016
Annual accounts 201679 k €↑
2015
Annual accounts 201571,6 k €↓
2014
Annual accounts 2014105,6 k €↑
2013
Annual accounts 201357,9 k €↓
2012
Annual accounts 201294,6 k €↑
2011
Annual accounts 201140,4 k €↑
2010
Annual accounts 201025 k €↑
2009
Annual accounts 200917 k €↑
2008
Annual accounts 20087,8 k €↓
2007
Annual accounts 200715 k €↑
2006
Annual accounts 200611 k €
05/04/2001
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

TSV

Overview

What does TSV 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