ACTIVE

TENFORCE

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Financial year 2025 · Closed on 31/12/2025

Net result-99,4 k €+97,2 %over 1 year

Revenue7,8 M €+16,4 %over 1 year

Equity234,4 k €-29,8 %over 1 year

Workforce42,0 ETP-22,7 %over 1 year

Identity

Source · BCE/KBO

TENFORCE is a Public limited company incorporated in 2001. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 42,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0474.739.378
Incorporation: 07/05/2001
Legal form: Public limited company
Registered office: Sluisstraat 79
3000 Leuven · FlandreSee on map
Contributed capital: 10 061 500,00 €
Latest accounts: 31/12/2025
Average workforce: 42,0 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (3)

200
2000
218

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,8 M €	+16.4%	6,7 M €		–		–		–
EBITDA	391,8 k €	+112%	-3,2 M €	-11.3%	-2,9 M €	-21.5%	-2,4 M €	-4229%	57,4 k €
Operating result	111,9 k €	+103%	-3,5 M €	-7.6%	-3,3 M €	-16.3%	-2,8 M €	-737%	-337,8 k €
Net result	-99,4 k €	+97.2%	-3,5 M €	-10.5%	-3,2 M €	-12.1%	-2,8 M €	-614%	-397,3 k €
Balance sheet
Equity	234,4 k €	-29.8%	333,8 k €	-91.3%	3,8 M €	-45.3%	7 M €	-28.7%	9,9 M €
Total assets	7,7 M €	+16.7%	6,6 M €	-22.5%	8,5 M €	-23.8%	11,2 M €	-20.2%	14 M €
Cash	151,4 k €	-48.9%	296,1 k €	-88.2%	2,5 M €	-59.4%	6,2 M €	-34.0%	9,4 M €
Debts	4,7 M €	+8.5%	4,3 M €	+87.0%	2,3 M €	+40.0%	1,6 M €	-23.8%	2,2 M €
Other
Workforce	42,0 ETP	-22.7%	54,3 ETP	-11.4%	61,3 ETP	+7.7%	56,9 ETP	+19.3%	47,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benedetta Cuttica	Director13/01/2026 → 31/12/2030
Matias Castrèn	Director29/01/2024 → 14/06/2029
amloc0704.834.365Represented by Jan VAN DEN NIEUWENHOF	Director18/01/2019 → 11/06/2026Managerlisted until the 2018 accountsended
GREAT STORIES0668.507.568Represented by Bastiaan Deblieck	Director31/08/2021 → 11/06/2026
Julia Dubois	Director31/08/2021 → 11/06/2026
Saku Ormo	Director31/08/2021 → 11/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Henri Korpi	Director31/08/2021 → 2024 accounts
Lasse Nordlund	Director31/08/2021 → 2023 accounts
Jan Van den Nieuwenhof	Manager15/09/2017 → 2018 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	28/04/2026	23/06/2025	29/10/2024	08/06/2023	05/07/2022	27/04/2021
General meeting	03/04/2026	12/06/2025	13/06/2024	08/06/2023	27/06/2022	22/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/04/2026	28/04/2026	Dutch	PDF
Full model	31/12/2024	12/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	29/10/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	22/04/2021	27/04/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	28/07/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	30/07/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/11/2014	28/11/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	11/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	24/09/2008	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	02/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benedetta Cuttica	Director13/01/2026 → 31/12/2030
Matias Castrèn	Director29/01/2024 → 14/06/2029
amloc0704.834.365Represented by Jan VAN DEN NIEUWENHOF	Director18/01/2019 → 11/06/2026Managerlisted until the 2018 accountsended
GREAT STORIES0668.507.568Represented by Bastiaan Deblieck	Director31/08/2021 → 11/06/2026
Julia Dubois	Director31/08/2021 → 11/06/2026
Saku Ormo	Director31/08/2021 → 11/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Henri Korpi	Director31/08/2021 → 2024 accounts
Lasse Nordlund	Director31/08/2021 → 2023 accounts
Jan Van den Nieuwenhof	Manager15/09/2017 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/08/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates01/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Benedetta Cuttica

Matias Castrèn

GREAT STORIES

amloc

Julia Dubois

Saku Ormo

Lasse Nordlund

Henri Korpi

Jan Van den Nieuwenhof

Frans Vanhaelewijck

Frans Van Haelewijck

Marc Verstockt

200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

TENFORCE

Sluisstraat 79, 3000 LeuvenDiestsevest 25, 3000 Leuven

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Sluisstraat 79, 3000 LeuvenCurrent	accounts 2025	Accounts 2025 · 2026-00097562
Diestsevest 25, 3000 Leuven	accounts 2021 → 2024	Accounts 2024 · 2025-00178147

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TENFORCECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00097562

Events

2025
Annual accounts 2025-99,4 k €↑
2024
Annual accounts 2024-3,5 M €↓
2023
Annual accounts 2023-3,2 M €↓
2022
Annual accounts 2022-2,8 M €↓
2021
Annual accounts 2021-397,3 k €↓
2018
Annual accounts 2018-169,2 k €↓
2016
Annual accounts 201628,6 k €↓
2015
Annual accounts 2015119,3 k €↓
2014
Annual accounts 2014923,6 k €↑
2013
Annual accounts 2013123,5 k €↓
2012
Annual accounts 2012348,3 k €↑
2011
Annual accounts 2011-257,7 k €↓
2010
Annual accounts 201013,3 k €↓
2009
Annual accounts 200914,2 k €↓
2008
Annual accounts 200872,2 k €↑
2007
Annual accounts 200727,8 k €↑
2006
Annual accounts 20066 k €
07/05/2001
IncorporationPublic limited company

TENFORCE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events