ACTIVE

TENFORCE

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Financial year 2025 · closed on 31/12/2025
Net result
-99,4 k €
+97.2% YoY
Revenue
7,8 M €
+16.4% YoY
Equity
234,4 k €
-29.8% YoY
Workforce
42,0 ETP
-22.7% YoY

What does TENFORCE do?

TENFORCE is a Public limited company incorporated in 2001. 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
Joint committees (3)
  • 200
  • 2000
  • 218
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201820162015201420132012201120102009200820072006
Income statement
Revenue7,8 M €6,7 M €–––––––––––––––
EBITDA391,8 k €-3,2 M €-2,9 M €-2,4 M €57,4 k €55,7 k €175,3 k €291,8 k €1,6 M €338,3 k €584,1 k €-159 k €131,6 k €101 k €188,6 k €154,3 k €104,8 k €
Operating result111,9 k €-3,5 M €-3,3 M €-2,8 M €-337,8 k €-128 k €93 k €211,9 k €1,4 M €237,3 k €482,9 k €-254 k €25,5 k €24,2 k €107,5 k €62,4 k €4,6 k €
Net result-99,4 k €-3,5 M €-3,2 M €-2,8 M €-397,3 k €-169,2 k €28,6 k €119,3 k €923,6 k €123,5 k €348,3 k €-257,7 k €13,3 k €14,2 k €72,2 k €27,8 k €6 k €
Balance sheet
Equity234,4 k €333,8 k €3,8 M €7 M €9,9 M €51,5 k €612,8 k €1,8 M €1,6 M €716,3 k €592,8 k €244,5 k €502,2 k €488,9 k €474,7 k €402,4 k €374,7 k €
Total assets7,7 M €6,6 M €8,5 M €11,2 M €14 M €3 M €3,5 M €4,3 M €3,8 M €2,3 M €2,2 M €1,2 M €1,4 M €1 M €1,1 M €766,1 k €979,7 k €
Cash151,4 k €296,1 k €2,5 M €6,2 M €9,4 M €356,3 k €909,7 k €439,5 k €527,1 k €122,5 k €495,2 k €229,9 k €225 k €377,1 k €361,1 k €140,9 k €180,7 k €
Debts4,7 M €4,3 M €2,3 M €1,6 M €2,2 M €2,2 M €2,3 M €1,6 M €1,3 M €936,8 k €800 k €688,1 k €622,3 k €545,6 k €644,9 k €326,4 k €585,8 k €
Other
Workforce42,0 ETP54,3 ETP61,3 ETP56,9 ETP47,7 ETP47,6 ETP59,4 ETP55,0 ETP39,4 ETP35,8 ETP29,9 ETP27,4 ETP26,8 ETP22,3 ETP21,3 ETP23,8 ETP23,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 15 ended

Active mandates

Benedetta Cuttica

Director · since 13 janvier 2026 · until 31 décembre 2030

Active
Matias Castrèn

Director · since 29 janvier 2024 · until 14 juin 2029

Active
amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Van DEN NIEUWENHOF JAN

Active
GREAT STORIES

Director · since 31 août 2021 · until 11 juin 2026 · 0668.507.568

Represented by Bastiaan Deblieck

Active
Julia Dubois

Director · since 31 août 2021 · until 11 juin 2026

Active
Saku Ormo

Director · since 31 août 2021 · until 11 juin 2026

Active

Ended mandates

amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Jan VAN DEN NIEUWENHOF

Ended
amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Jan VAN DEN NIEUWENHOF

Ended
GREAT STORIES

Director · since 31 août 2021 · until 11 juin 2026 · 0668.507.568

Represented by Bastiaan DEBLIECK

Ended
Henri Korpi

Director · since 31 août 2021 · until 11 juin 2026

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/04/202623/06/202529/10/202408/06/202305/07/202227/04/2021
General meeting03/04/202612/06/202513/06/202408/06/202327/06/202222/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202503/04/202628/04/2026DutchPDF
Full model31/12/202412/06/202523/06/2025DutchPDF
Abridged model31/12/202313/06/202429/10/2024DutchPDF
Abridged model31/12/202208/06/202308/06/2023DutchPDF
Abridged model31/12/202127/06/202205/07/2022DutchPDF
Abridged model31/12/202022/04/202127/04/2021DutchPDF
Abridged model31/12/201925/06/202029/06/2020DutchPDF
Abridged model31/12/201827/06/201901/07/2019DutchPDF
Abridged model31/12/201728/06/201806/07/2018DutchPDF
Abridged model31/12/201608/06/201728/07/2017DutchPDF
Abridged model31/12/201509/06/201628/07/2016DutchPDF
Abridged modelCorrection31/12/201430/07/201531/08/2015DutchPDF
Abridged model31/12/201411/06/201529/07/2015DutchPDF
Abridged model31/12/201307/11/201428/11/2014DutchPDF
Abridged model31/12/201213/06/201327/06/2013DutchPDF
Abridged model31/12/201114/06/201211/07/2012DutchPDF
Abridged model31/12/201009/06/201127/06/2011DutchPDF
Abridged model31/12/200910/06/201029/06/2010DutchPDF
Abridged model31/12/200811/06/200928/07/2009DutchPDF
Abridged model31/12/200712/06/200824/09/2008DutchPDF
Abridged model31/12/200614/06/200702/07/2007DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 15 ended

Active mandates

Benedetta Cuttica

Director · since 13 janvier 2026 · until 31 décembre 2030

Active
Matias Castrèn

Director · since 29 janvier 2024 · until 14 juin 2029

Active
amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Van DEN NIEUWENHOF JAN

Active
GREAT STORIES

Director · since 31 août 2021 · until 11 juin 2026 · 0668.507.568

Represented by Bastiaan Deblieck

Active
Julia Dubois

Director · since 31 août 2021 · until 11 juin 2026

Active
Saku Ormo

Director · since 31 août 2021 · until 11 juin 2026

Active

Ended mandates

amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Jan VAN DEN NIEUWENHOF

Ended
amloc

Director · since 31 août 2021 · until 11 juin 2026 · 0704.834.365

Represented by Jan VAN DEN NIEUWENHOF

Ended
GREAT STORIES

Director · since 31 août 2021 · until 11 juin 2026 · 0668.507.568

Represented by Bastiaan DEBLIECK

Ended
Henri Korpi

Director · since 31 août 2021 · until 11 juin 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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
  • Registered office30/09/2019
    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

Timeline

  1. 2025
    Annual accounts 2025-99,4 k €↑
  2. 2024
    Annual accounts 2024-3,5 M €↓
  3. 2023
    Annual accounts 2023-3,2 M €↓
  4. 2022
    Annual accounts 2022-2,8 M €↓
  5. 2021
    Annual accounts 2021-397,3 k €↓
  6. 2018
    Annual accounts 2018-169,2 k €↓
  7. 2016
    Annual accounts 201628,6 k €↓
  8. 2015
    Annual accounts 2015119,3 k €↓
  9. 2014
    Annual accounts 2014923,6 k €↑
  10. 2013
    Annual accounts 2013123,5 k €↓
  11. 2012
    Annual accounts 2012348,3 k €↑
  12. 2011
    Annual accounts 2011-257,7 k €↓
  13. 2010
    Annual accounts 201013,3 k €↓
  14. 2009
    Annual accounts 200914,2 k €↓
  15. 2008
    Annual accounts 200872,2 k €↑
  16. 2007
    Annual accounts 200727,8 k €↑
  17. 2006
    Annual accounts 20066 k €
  18. 07/05/2001
    IncorporationPublic limited company