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

Activities (NACE)

24140Manufacture of basic iron and steel and of ferro-alloys· main 29320Manufacture of other parts and accessories for motor vehicles 29320Manufacture of other parts and accessories for motor vehicles 34300Fabrication de parties et accessoires pour les véhicules à moteur et pour leurs moteurs 20140Manufacture of other organic basic chemicals 20140Manufacture of other organic basic chemicals

Joint committees (4)

Signals

Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 41 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	119,8 M €	-8.1%	130,3 M €	-12.2%	148,5 M €	+5.0%	141,4 M €	+17.7%	120,2 M €
EBITDA	-2,2 M €	-165%	3,4 M €	-50.9%	6,9 M €	+13.3%	6,1 M €	-36.3%	9,6 M €
Operating result	-9,9 M €	-750%	1,5 M €	-65.9%	4,5 M €	+45.6%	3,1 M €	-53.8%	6,6 M €
Net result	-17,2 M €	-510%	-2,8 M €	-231%	2,1 M €	+113%	-15,9 M €	-839%	2,2 M €
Balance sheet
Equity	20 M €	-46.2%	37,2 M €	-7.1%	40,1 M €	+5.6%	37,9 M €	-29.6%	53,8 M €
Total assets	146,6 M €	-3.1%	151,3 M €	-4.8%	158,9 M €	-8.3%	173,4 M €	-0.7%	174,5 M €
Cash	19,1 €	-0.1%	19,1 €	+0.1%	19,1 €	0.0%	19,1 €	-97.7%	835,7 €
Debts	120,2 M €	+6.4%	112,9 M €	-4.2%	117,9 M €	-12.1%	134,2 M €	+12.4%	119,3 M €
Other
Workforce	373,0 ETP	-2.0%	380,8 ETP	-5.5%	402,8 ETP	-4.3%	420,8 ETP	-7.7%	456,0 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 · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Philippe LEONARD	Director23/11/2016 → 13/06/2028
Roland NULENS	Managing director01/01/2021 → 13/06/2028
Steve Simon M VERCAUTEREN	Director11/06/2019 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Joseph LUDLOW	Director11/06/2019 → 10/06/2025
Nestor KOX	Managing director11/06/2019 → 14/06/2022

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	12/06/2026	17/06/2025	20/06/2024	14/06/2023	20/06/2022	22/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	16/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 41 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	12/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	17/06/2025	French	PDF
Consolidated accounts	31/12/2024	10/03/2025	19/06/2025	French	PDF
Full modelCorrection	31/12/2023	11/06/2024	20/06/2024	French	PDF
Full model	31/12/2023	11/06/2024	17/06/2024	French	PDF
Consolidated accounts	31/12/2023	11/03/2024	17/06/2024	French	PDF
Full model	31/12/2022	13/06/2023	14/06/2023	French	PDF
Consolidated accounts	31/12/2022	15/03/2023	22/06/2023	French	PDF
Full model	31/12/2021	14/06/2022	20/06/2022	French	PDF
Consolidated accounts	31/12/2021	14/03/2022	28/06/2022	French	PDF
Full model	31/12/2020	16/06/2021	22/06/2021	French	PDF
Consolidated accounts	31/12/2020	16/03/2021	22/06/2021	French	PDF
Full model	31/12/2019	11/08/2020	27/08/2020	French	PDF
Consolidated accounts	31/12/2019	29/04/2020	17/08/2020	French	PDF
Full modelCorrection	31/12/2018	11/06/2019	18/11/2019	French	PDF
Full model	31/12/2018	11/06/2019	19/06/2019	French	PDF
Consolidated accounts	31/12/2018	19/03/2019	24/06/2019	French	PDF
Full model	31/12/2017	12/06/2018	19/06/2018	French	PDF
Consolidated accounts	31/12/2017	29/03/2018	27/06/2018	French	PDF
Full model	31/12/2016	13/06/2017	14/06/2017	French	PDF
Consolidated accounts	31/12/2016	02/03/2017	14/06/2017	French	PDF
Full model	31/12/2015	11/04/2016	27/06/2016	French	PDF
Consolidated accounts	31/12/2015	01/01/9999	28/06/2016	French	PDF
Full model	31/12/2014	09/06/2015	15/06/2015	French	PDF
Consolidated accounts	31/12/2014	26/03/2015	26/06/2015	French	PDF
Full model	31/12/2013	10/06/2014	16/06/2014	French	PDF
Consolidated accounts	31/12/2013	16/04/2014	27/06/2014	French	PDF
Full model	31/12/2012	11/06/2013	19/06/2013	French	PDF
Consolidated accounts	31/12/2012	24/04/2013	25/06/2013	French	PDF
Full model	31/12/2011	12/06/2012	26/06/2012	French	PDF
Consolidated accounts	31/12/2011	18/04/2012	27/07/2012	French	PDF
Full model	31/12/2010	14/06/2011	16/06/2011	French	PDF
Consolidated accounts	31/12/2010	08/04/2011	21/06/2011	French	PDF
Full model	31/12/2009	25/06/2010	28/06/2010	French	PDF
Consolidated accounts	31/12/2009	29/04/2010	27/08/2010	French	PDF
Full model	31/12/2008	19/05/2009	10/06/2009	French	PDF
Consolidated accounts	31/12/2008	29/04/2009	08/12/2009	French	PDF
Full model	31/12/2007	29/04/2008	23/05/2008	French	PDF
Consolidated accounts	31/12/2007	18/04/2008	11/07/2008	French	PDF
Full model	31/12/2006	24/04/2007	02/05/2007	French	PDF
Consolidated accounts	31/12/2006	25/07/2007	08/10/2007	French	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

3 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Philippe LEONARD	Director23/11/2016 → 13/06/2028
Roland NULENS	Managing director01/01/2021 → 13/06/2028
Steve Simon M VERCAUTEREN	Director11/06/2019 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Joseph LUDLOW	Director11/06/2019 → 10/06/2025
Nestor KOX	Managing director11/06/2019 → 14/06/2022

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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Steve Simon M VERCAUTEREN

Roland NULENS

Jean Philippe LEONARD

David Joseph LUDLOW

Nestor KOX

Timothy David Warneford EDWARDS

Alain DOUCET

Hans DIELTJENS

Timothy EDWARDS

Luc VAN DAMME

Mathieu DARCHIS

2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

TI Group Automotive Systems (Belgium) SA

Rue Wérihet 61, 4020 Liège-4020

Director

Managing director

Director

Managing director

Director

Managing directorDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Wérihet 61, 4020 Liège-4020Current	accounts 2021 → 2025	Accounts 2025 · 2026-00170197

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TI GROUP AUTOMOTIVE SYSTEMS (BELGIUM)Current		CBE
TI Automotive	accounts 2025	Accounts 2025 · 2026-00170197
TI Group Automotive Systems (Belgium) SA	accounts 2008 → 2024	Accounts 2024 · 2025-00160058

Events

2025
Annual accounts 2025-17,2 M €↓
2025
Name changeTI Automotive
29/09/2025
nominationDeloitte Réviseurs d'Entreprises SRL · commissaire
10/06/2025
reconductionNulens Roland Joseph · administrateur
10/06/2025
reconductionLéonard Jean Philippe C · administrateur
10/06/2025
reconductionVercauteren Steve Simon M · administrateur
10/06/2025
reconductionNulens Roland · Président du Conseil d'Administration
2024
Annual accounts 2024-2,8 M €↓
2023
Annual accounts 20232,1 M €↑
2022
Annual accounts 2022-15,9 M €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020585,2 k €↓
2019
Annual accounts 201911,2 M €↓
2018
Annual accounts 201818 M €↑
2017
Annual accounts 201713,6 M €↓
2016
Annual accounts 201631,3 M €↑
2015
Annual accounts 201511,4 M €↑
2014
Annual accounts 20146,3 M €↓
2013
Annual accounts 20137,4 M €↓
2012
Annual accounts 201240,1 M €↑
2011
Annual accounts 201112,9 M €↑
2010
Annual accounts 20107 M €↑
2009
Annual accounts 2009-59,2 M €↓
2008
Annual accounts 2008-4,3 M €
29/06/2001
IncorporationPublic limited company

TI GROUP AUTOMOTIVE SYSTEMS (BELGIUM)

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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