ACTIVE

TEC

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Financial year 2025 · closed on 31/12/2025

Net result

759,0 k €

+188.3% YoY

Revenue

38,6 M €

-6.3% YoY

Equity

3,6 M €

+26.8% YoY

Workforce

221,1 ETP

-8.2% YoY

What does TEC do?

TEC is a Public limited company incorporated in 2002. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Antwerpen. It employs on average 221,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.750.833

Incorporation

14/06/2002

Legal form

Public limited company

Registered office

Rijnkaai 100 box c14
2000 Antwerpen · FlandreSee on map

Contributed capital

174 000,00 €

Latest accounts

31/12/2025

Average workforce

221,1 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	38,6 M €	-6.3%	41,2 M €	-6.3%	43,9 M €	+8.0%	40,7 M €	+12.7%	36,1 M €	-7.1%	38,8 M €	+3.0%	37,7 M €	+12.3%	33,6 M €	+14.7%	29,3 M €	+5.1%	27,9 M €	+1.0%	27,6 M €	+3.0%	26,8 M €	+14.1%	23,5 M €	+17.7%	19,9 M €	-6.4%	21,3 M €		–		–
EBITDA	2,3 M €	+254%	640,9 k €	-32.7%	952,9 k €	-40.3%	1,6 M €	-8.8%	1,8 M €	-22.6%	2,3 M €	-25.8%	3,0 M €	-4.5%	3,2 M €	+20.2%	2,7 M €	+65.2%	1,6 M €	-15.8%	1,9 M €	+5.3%	1,8 M €	+90.6%	951,2 k €	+45.1%	655,4 k €	-12.7%	751,0 k €	-37.7%	1,2 M €	+135%	512,4 k €
Operating result	1,8 M €	+11571%	15,3 k €	-95.5%	336,3 k €	-65.9%	985,2 k €	-14.8%	1,2 M €	-45.3%	2,1 M €	-28.9%	3,0 M €	-5.5%	3,1 M €	+21.3%	2,6 M €	+68.4%	1,5 M €	-17.7%	1,9 M €	+5.5%	1,8 M €	+105%	864,5 k €	+38.2%	625,4 k €	-10.7%	700,1 k €	-37.2%	1,1 M €	+168%	416,5 k €
Net result	759,0 k €	+188%	-859,5 k €	-155%	-337,0 k €	-244%	233,6 k €	-34.2%	354,9 k €	-71.7%	1,3 M €	-25.5%	1,7 M €	-10.3%	1,9 M €	+201%	623,3 k €	-23.3%	813,1 k €	-22.1%	1,0 M €	+4.9%	994,3 k €	+116%	459,9 k €	+64.3%	280,0 k €	-27.2%	384,8 k €	-40.1%	642,1 k €	+62.1%	396,1 k €
Balance sheet
Equity	3,6 M €	+26.8%	2,8 M €	-23.3%	3,7 M €	-8.4%	4,0 M €	+6.2%	3,8 M €	-50.8%	7,7 M €	+65.3%	4,7 M €	+56.3%	3,0 M €	+169%	1,1 M €	-51.5%	2,3 M €	+55.2%	1,5 M €	+30.4%	1,1 M €	+85.0%	611,2 k €	-23.7%	801,3 k €	+53.7%	521,3 k €	-54.3%	1,1 M €	+8.8%	1,0 M €
Total assets	9,2 M €	+15.0%	8,0 M €	-14.6%	9,4 M €	-13.2%	10,8 M €	-38.7%	17,6 M €	+28.9%	13,7 M €	+17.8%	11,6 M €	-5.5%	12,3 M €	+26.6%	9,7 M €	-6.4%	10,4 M €	+21.0%	8,6 M €	-2.0%	8,7 M €	+62.3%	5,4 M €	-5.5%	5,7 M €	+19.3%	4,8 M €	+25.7%	3,8 M €	-5.4%	4,0 M €
Cash	1,3 M €	+458%	230,4 k €	-87.3%	1,8 M €	+803%	200,2 k €	+93.5%	103,4 k €	+2618337%	4,0 €	-99.4%	709,3 €	-100.0%	2,8 M €	+65137%	4,3 k €	-99.7%	1,3 M €	+2676%	46,9 k €	+80.4%	26,0 k €	+74.7%	14,9 k €	-97.6%	610,1 k €	+2758%	21,3 k €	-97.2%	760,8 k €	+2172%	33,5 k €
Debts	5,4 M €	+5.6%	5,1 M €	-8.8%	5,6 M €	-16.1%	6,7 M €	-49.3%	13,2 M €	+128%	5,8 M €	-16.4%	6,9 M €	-25.4%	9,3 M €	+8.2%	8,6 M €	+6.3%	8,1 M €	+13.9%	7,1 M €	-6.8%	7,6 M €	+59.4%	4,8 M €	-2.5%	4,9 M €	+15.1%	4,2 M €	+60.0%	2,7 M €	-10.4%	3,0 M €
Other
Workforce	221,1 ETP	-8.2%	240,9 ETP	+2.6%	234,8 ETP	+8.2%	217,0 ETP	+6.5%	203,7 ETP	+4.4%	195,1 ETP	+18.2%	165,0 ETP	+11.6%	147,8 ETP	+24.2%	119,0 ETP	+2.9%	115,6 ETP	+7.0%	108,0 ETP	+7.9%	100,1 ETP	+19.3%	83,9 ETP	+15.7%	72,5 ETP	-13.4%	83,7 ETP	-4.0%	87,2 ETP	-1.4%	88,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 39 ended

Active mandates

Wesley Decorte

Managing director · since 30 juin 2025 · until 05 juin 2031

Active

ANDREA BELCO SPRL

Director · since 02 février 2024 · until 06 juin 2030 · 0600.965.676

Represented by Florian Massaux

Active

House of HR

Director · since 02 février 2024 · until 06 juin 2030 · 0643.887.978

Represented by Rika Coppens

Active

Leen Geirnaerdt

Director · since 02 février 2024 · until 06 juin 2030

Active

Ended mandates

Wesley Decorte

Director · since 27 novembre 2019 · until 05 juin 2025

Ended

Wesley Decorte

Director · since 27 novembre 2019 · until 31 décembre 2025

Ended

Wesley Decorte

Managing director · since 27 novembre 2019

Ended

ACCENT GROUP

Director · since 20 septembre 2018 · until 06 juin 2024 · 0846.963.913

Represented by Andres Cano Megias

Ended

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Annual accounts

Full financial information

	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	14/07/2026	08/07/2025	26/06/2024	20/06/2023	28/06/2022	18/06/2021
General meeting	18/06/2026	30/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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
Full model	31/12/2025	18/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	20/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/04/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 39 ended

Active mandates

Wesley Decorte

Managing director · since 30 juin 2025 · until 05 juin 2031

Active

ANDREA BELCO SPRL

Director · since 02 février 2024 · until 06 juin 2030 · 0600.965.676

Represented by Florian Massaux

Active

House of HR

Director · since 02 février 2024 · until 06 juin 2030 · 0643.887.978

Represented by Rika Coppens

Active

Leen Geirnaerdt

Director · since 02 février 2024 · until 06 juin 2030

Active

Ended mandates

Wesley Decorte

Director · since 27 novembre 2019 · until 05 juin 2025

Ended

Wesley Decorte

Director · since 27 novembre 2019 · until 31 décembre 2025

Ended

Wesley Decorte

Managing director · since 27 novembre 2019

Ended

ACCENT GROUP

Director · since 20 septembre 2018 · until 06 juin 2024 · 0846.963.913

Represented by Andres Cano Megias

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates06/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/11/2021
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office05/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring25/02/2020
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025759,0 k €↑
2024
Annual accounts 2024-859,5 k €↓
2023
Annual accounts 2023-337,0 k €↓
2022
Annual accounts 2022233,6 k €↓
2021
Annual accounts 2021354,9 k €↓
2019
Annual accounts 20191,3 M €↓
2017
Annual accounts 20171,7 M €↓
2016
Annual accounts 20161,9 M €↑
2015
Annual accounts 2015623,3 k €↓
2014
Annual accounts 2014813,1 k €↓
2013
Annual accounts 20131,0 M €↑
2012
Annual accounts 2012994,3 k €↑
2011
Annual accounts 2011459,9 k €↑
2010
Annual accounts 2010280,0 k €↓
2009
Annual accounts 2009384,8 k €↓
2007
Annual accounts 2007642,1 k €↑
2006
Annual accounts 2006396,1 k €
14/06/2002
IncorporationPublic 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

TEC

Overview

What does TEC do?

Trend over 17 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