ACTIVE

TI GROUP AUTOMOTIVE SYSTEMS (BELGIUM)

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Financial year 2025 · Closed on 31/12/2025

Net result-17,2 M €-510,5 %over 1 year
Revenue119,8 M €-8,1 %over 1 year
Equity20 M €-46,2 %over 1 year
Workforce373,0 ETP-2,0 %over 1 year

Identity

Source · BCE/KBO

TI GROUP AUTOMOTIVE SYSTEMS (BELGIUM) is a Public limited company incorporated in 2001. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Liège. It employs on average 373,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0475.127.378
Incorporation
29/06/2001
Legal form
Public limited company
Registered office
Rue Wérihet 61
4020 Liège · WallonieSee on map
Contributed capital
28 406 962,59 €
Latest accounts
31/12/2025
Average workforce
373,0 ETP
Joint committees (4)
  • 111
  • 116
  • 207
  • 209
Signals
Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 41 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue119,8 M €130,3 M €148,5 M €141,4 M €120,2 M €
EBITDA-2,2 M €3,4 M €6,9 M €6,1 M €9,6 M €
Operating result-9,9 M €1,5 M €4,5 M €3,1 M €6,6 M €
Net result-17,2 M €-2,8 M €2,1 M €-15,9 M €2,2 M €
Balance sheet
Equity20 M €37,2 M €40,1 M €37,9 M €53,8 M €
Total assets146,6 M €151,3 M €158,9 M €173,4 M €174,5 M €
Cash19,1 €19,1 €19,1 €19,1 €835,7 €
Debts120,2 M €112,9 M €117,9 M €134,2 M €119,3 M €
Other
Workforce373,0 ETP380,8 ETP402,8 ETP420,8 ETP456,0 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

3 active · 37 ended

Active mandates

Jean Philippe LEONARD

Director · since 11 juin 2025 · until 13 juin 2028

Active
Roland NULENS

Managing director · since 11 juin 2025 · until 13 juin 2028

Active
Steve Simon M VERCAUTEREN

Director · since 11 juin 2025 · until 13 juin 2028

Active

Ended mandates

David Joseph LUDLOW

Director · since 14 juin 2022 · until 10 juin 2025

Ended
Jean Philippe LEONARD

Director · since 14 juin 2022 · until 10 juin 2025

Ended
Roland NULENS

Managing director · since 14 juin 2022 · until 10 juin 2025

Ended
Steve Simon M VERCAUTEREN

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date12/06/202617/06/202520/06/202414/06/202320/06/202222/06/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 41 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202612/06/2026FrenchPDF
Full model31/12/202410/06/202517/06/2025FrenchPDF
Consolidated accounts31/12/202410/03/202519/06/2025FrenchPDF
Full modelCorrection31/12/202311/06/202420/06/2024FrenchPDF
Full model31/12/202311/06/202417/06/2024FrenchPDF
Consolidated accounts31/12/202311/03/202417/06/2024FrenchPDF
Full model31/12/202213/06/202314/06/2023FrenchPDF
Consolidated accounts31/12/202215/03/202322/06/2023FrenchPDF
Full model31/12/202114/06/202220/06/2022FrenchPDF
Consolidated accounts31/12/202114/03/202228/06/2022FrenchPDF
Full model31/12/202016/06/202122/06/2021FrenchPDF
Consolidated accounts31/12/202016/03/202122/06/2021FrenchPDF
Full model31/12/201911/08/202027/08/2020FrenchPDF
Consolidated accounts31/12/201929/04/202017/08/2020FrenchPDF
Full modelCorrection31/12/201811/06/201918/11/2019FrenchPDF
Full model31/12/201811/06/201919/06/2019FrenchPDF
Consolidated accounts31/12/201819/03/201924/06/2019FrenchPDF
Full model31/12/201712/06/201819/06/2018FrenchPDF
Consolidated accounts31/12/201729/03/201827/06/2018FrenchPDF
Full model31/12/201613/06/201714/06/2017FrenchPDF
Consolidated accounts31/12/201602/03/201714/06/2017FrenchPDF
Full model31/12/201511/04/201627/06/2016FrenchPDF
Consolidated accounts31/12/201501/01/999928/06/2016FrenchPDF
Full model31/12/201409/06/201515/06/2015FrenchPDF

View all 41 filings

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

3 active · 37 ended

Active mandates

Jean Philippe LEONARD

Director · since 11 juin 2025 · until 13 juin 2028

Active
Roland NULENS

Managing director · since 11 juin 2025 · until 13 juin 2028

Active
Steve Simon M VERCAUTEREN

Director · since 11 juin 2025 · until 13 juin 2028

Active

Ended mandates

David Joseph LUDLOW

Director · since 14 juin 2022 · until 10 juin 2025

Ended
Jean Philippe LEONARD

Director · since 14 juin 2022 · until 10 juin 2025

Ended
Roland NULENS

Managing director · since 14 juin 2022 · until 10 juin 2025

Ended
Steve Simon M VERCAUTEREN

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/05/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates12/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/12/2020
    DEMISSIONS, NOMINATIONS
    PDF

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 2025-17,2 M €↓
  2. 29/09/2025
    nominationDeloitte Réviseurs d'Entreprises SRL — commissaire
  3. 10/06/2025
    reconductionNulens Roland Joseph — administrateur
  4. 10/06/2025
    reconductionLéonard Jean Philippe C — administrateur
  5. 10/06/2025
    reconductionVercauteren Steve Simon M — administrateur
  6. 10/06/2025
    reconductionNulens Roland — Président du Conseil d'Administration
  7. 2025
    Name changeTI Automotive
  8. 2024
    Annual accounts 2024-2,8 M €↓
  9. 2023
    Annual accounts 20232,1 M €↑
  10. 2022
    Annual accounts 2022-15,9 M €↓
  11. 2021
    Annual accounts 20212,2 M €↑
  12. 2020
    Annual accounts 2020585,2 k €↓
  13. 2019
    Annual accounts 201911,2 M €↓
  14. 2018
    Annual accounts 201818 M €↑
  15. 2017
    Annual accounts 201713,6 M €↓
  16. 2016
    Annual accounts 201631,3 M €↑
  17. 2015
    Annual accounts 201511,4 M €↑
  18. 2014
    Annual accounts 20146,3 M €↓
  19. 2013
    Annual accounts 20137,4 M €↓
  20. 2012
    Annual accounts 201240,1 M €↑
  21. 2011
    Annual accounts 201112,9 M €↑
  22. 2010
    Annual accounts 20107 M €↑
  23. 2009
    Annual accounts 2009-59,2 M €↓
  24. 2008
    Annual accounts 2008-4,3 M €
  25. 2008
    Name changeTI Group Automotive Systems (Belgium) SA
  26. 29/06/2001
    IncorporationPublic limited company