ACTIVE

TLS

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Financial year 2025 · closed on 30/06/2025

Net result

24,7 k €

-24.8% YoY

Gross margin

1,3 M €

+1.0% YoY

Equity

651,5 k €

-14.2% YoY

Workforce

10,4 ETP

+1.0% YoY

What does TLS do?

TLS is a Public limited company incorporated in 2002. Its registered office is in Dendermonde. It employs on average 10,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.156.253

Incorporation

08/08/2002

Legal form

Public limited company

Registered office

Oeverstraat (BAA) 7
9200 Dendermonde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

10,4 ETP

Joint committees (4)

140
14003
226
2260

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+1.0%	1,3 M €	+9.0%	1,2 M €	-9.4%	1,3 M €	+27.6%	1 M €	+7.9%	943,8 k €	+6.2%	888,4 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	425,6 k €	-4.5%	445,7 k €	+0.8%	442,3 k €	-11.8%	501,7 k €	+52.6%	328,7 k €	+33.6%	246 k €	+38.1%	178,1 k €	-6.5%	190,6 k €	-31.8%	279,3 k €	+68.4%	165,9 k €	-60.8%	423,5 k €	-29.8%	603,4 k €	+53.6%	393 k €	+41.3%	278 k €	-29.8%	396,1 k €	+19.9%	330,4 k €	+15.7%	285,5 k €
Operating result	56,9 k €	-6.5%	60,8 k €	-29.1%	85,8 k €	-58.6%	207,2 k €	+43.4%	144,5 k €	+83.2%	78,9 k €	-10.4%	88 k €	+34.5%	65,5 k €	-44.5%	117,9 k €	+2.5%	115 k €	-42.9%	201,3 k €	-17.9%	245,3 k €	+224%	75,6 k €	+115%	35,1 k €	-69.9%	116,6 k €	+24.5%	93,6 k €	-20.2%	117,3 k €
Net result	24,7 k €	-24.8%	32,8 k €	-44.3%	58,9 k €	-63.5%	161,6 k €	+50.6%	107,3 k €	+117%	49,4 k €	-16.2%	58,9 k €	+37.3%	42,9 k €	-67.0%	130 k €	+146%	52,9 k €	-59.6%	130,8 k €	-15.6%	155 k €	+456%	27,9 k €	+489%	-7,2 k €	-113%	55,1 k €	+0.6%	54,8 k €	-25.3%	73,4 k €
Balance sheet
Equity	651,5 k €	-14.2%	759,2 k €	+2.9%	737,8 k €	+6.3%	694,4 k €	-8.1%	755,7 k €	+7.8%	701 k €	+3.6%	676,5 k €	+6.0%	638,2 k €	+3.4%	616,9 k €	-4.6%	646,9 k €	+8.9%	594 k €	+28.3%	463,1 k €	+50.3%	308,2 k €	+9.9%	280,3 k €	-2.5%	287,5 k €	+23.7%	232,3 k €	+30.9%	177,5 k €
Total assets	1,4 M €	-26.5%	2 M €	+2.7%	1,9 M €	-7.3%	2,1 M €	+27.3%	1,6 M €	+10.7%	1,5 M €	+2.8%	1,4 M €	+26.4%	1,1 M €	-11.1%	1,3 M €	-1.8%	1,3 M €	-21.8%	1,6 M €	+13.7%	1,5 M €	-5.5%	1,5 M €	-3.9%	1,6 M €	+39.4%	1,1 M €	+16.8%	981 k €	+41.8%	692 k €
Cash	16,1 k €	+7.3%	15 k €	-35.7%	23,4 k €	+7.1%	21,8 k €	+51.1%	14,4 k €	-38.6%	23,5 k €	-3.2%	24,3 k €	+50.1%	16,2 k €	-48.6%	31,4 k €	+104%	15,4 k €	-13.0%	17,7 k €	-18.9%	21,8 k €	-16.3%	26,1 k €	+17.6%	22,2 k €	+51.2%	14,7 k €	+56.7%	9,4 k €	+13.8%	8,2 k €
Debts	784,7 k €	-34.4%	1,2 M €	+2.7%	1,2 M €	-14.3%	1,4 M €	+58.5%	857,5 k €	+13.6%	755 k €	+2.2%	738,9 k €	+54.1%	479,5 k €	-25.5%	644 k €	+13.1%	569,4 k €	-43.4%	1 M €	+4.4%	963,2 k €	-20.9%	1,2 M €	-7.1%	1,3 M €	+53.6%	852,7 k €	+14.4%	745,2 k €	+45.4%	512,7 k €
Other
Workforce	10,4 ETP	+1.0%	10,3 ETP	+1.0%	10,2 ETP	-13.6%	11,8 ETP	0.0%	11,8 ETP	-1.7%	12,0 ETP	+2.6%	11,7 ETP	-0.8%	11,8 ETP	+2.6%	11,5 ETP	-8.0%	12,5 ETP	-26.5%	17,0 ETP	-17.1%	20,5 ETP	-17.0%	24,7 ETP	+24.7%	19,8 ETP	+32.0%	15,0 ETP	+11.9%	13,4 ETP	+16.5%	11,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 21 ended

Active mandates

ADB AGROVISIE

Director · 0821.660.373

Represented by Jill Jacobs

Active

Bruno Jacobs

Managing director

Active

LeNo

Director · 0728.561.555

Represented by Katrijn Van Mullem

Active

VAN MULLEM AGROSERVICE

Managing director · 0448.436.740

Represented by Danny Van Mullem

Active

Ended mandates

ADB AGROVISIE

Director · since 30 novembre 2021 · 0821.660.373

Represented by Jill Jacobs

Ended

LeNo

Director · since 30 novembre 2021 · 0728.561.555

Represented by Katrijn Van Mullem

Ended

Bruno Jacobs

Managing director · since 06 décembre 2014 · until 05 décembre 2026

Ended

Dirk Vermeulen

Managing director · since 06 décembre 2014 · until 05 décembre 2026

Ended

At this address

Other companies at this address

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ADB AGROVISIE● Active	0821.660.373
ADB EENHEID● Active	0823.945.318
INVE BELGIE● Active	0433.580.397
LAMBERS-SEGHERS● Active	0420.141.741
VOEDERS ORSMOLEN● Active	0419.422.357

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	08/12/2024	04/12/2023	07/12/2022	16/12/2021	07/12/2020
General meeting	06/12/2025	07/12/2024	02/12/2023	03/12/2022	04/12/2021	05/12/2020
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
Abridged model	30/06/2025	06/12/2025	08/12/2025	Dutch	PDF
Abridged model	30/06/2024	07/12/2024	08/12/2024	Dutch	PDF
Abridged model	30/06/2023	02/12/2023	04/12/2023	Dutch	PDF
Abridged model	30/06/2022	03/12/2022	07/12/2022	Dutch	PDF
Abridged model	30/06/2021	04/12/2021	16/12/2021	Dutch	PDF
Abridged model	30/06/2020	05/12/2020	07/12/2020	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	10/12/2019	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	07/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	05/12/2017	Dutch	PDF
Full model	30/06/2016	03/12/2016	09/12/2016	Dutch	PDF
Full model	30/06/2015	05/12/2015	22/12/2015	Dutch	PDF
Full model	30/06/2014	06/12/2014	08/12/2014	Dutch	PDF
Full model	30/06/2013	07/12/2013	18/12/2013	Dutch	PDF
Full model	30/06/2012	01/12/2012	18/12/2012	Dutch	PDF
Full model	30/06/2011	03/12/2011	21/12/2011	Dutch	PDF
Full model	30/06/2010	04/12/2010	07/12/2010	Dutch	PDF
Full model	30/06/2009	05/12/2009	10/12/2009	Dutch	PDF
Full modelCorrection	30/06/2008	06/12/2008	27/02/2009	Dutch	PDF
Full model	30/06/2008	06/12/2008	05/01/2009	Dutch	PDF
Full model	30/06/2007	01/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 4 active · 21 ended

Active mandates

ADB AGROVISIE

Director · 0821.660.373

Represented by Jill Jacobs

Active

Bruno Jacobs

Managing director

Active

LeNo

Director · 0728.561.555

Represented by Katrijn Van Mullem

Active

VAN MULLEM AGROSERVICE

Managing director · 0448.436.740

Represented by Danny Van Mullem

Active

Ended mandates

ADB AGROVISIE

Director · since 30 novembre 2021 · 0821.660.373

Represented by Jill Jacobs

Ended

LeNo

Director · since 30 novembre 2021 · 0728.561.555

Represented by Katrijn Van Mullem

Ended

Bruno Jacobs

Managing director · since 06 décembre 2014 · until 05 décembre 2026

Ended

Dirk Vermeulen

Managing director · since 06 décembre 2014 · until 05 décembre 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates20/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/10/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2009
ONTSLAGEN - BENOEMINGEN
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 202524,7 k €↓
2024
Annual accounts 202432,8 k €↓
2023
Annual accounts 202358,9 k €↓
2022
Annual accounts 2022161,6 k €↑
2019
Annual accounts 2019107,3 k €↑
2018
Annual accounts 201849,4 k €↓
2017
Annual accounts 201758,9 k €↑
2016
Annual accounts 201642,9 k €↓
2015
Annual accounts 2015130 k €↑
2014
Annual accounts 201452,9 k €↓
2013
Annual accounts 2013130,8 k €↓
2012
Annual accounts 2012155 k €↑
2011
Annual accounts 201127,9 k €↑
2010
Annual accounts 2010-7,2 k €↓
2009
Annual accounts 200955,1 k €↑
2008
Annual accounts 200854,8 k €↓
2007
Annual accounts 200773,4 k €
08/08/2002
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

TLS

Overview

What does TLS 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