ACTIVE

TBSA

Financial year 2025 · closed on 31/12/2025
Net result
-1,5 k €
-148.4% YoY
Gross margin
11,3 k €
-30.2% YoY
Equity
-5,9 k €
-34.6% YoY

What does TBSA do?

TBSA is a Private limited company incorporated in 2002. Its main activity is: Sports activities and amusement and recreation activities. Its registered office is in Aalst.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0478.191.192
Incorporation
14/08/2002
Legal form
Private limited company
Registered office
Gentsestraat 57
9300 Aalst · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (2)
  • 116
  • 207
Signals
Positive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin11,3 k €16,2 k €4,7 k €9,5 k €15,3 k €8,3 k €18,6 k €16,6 k €19,4 k €21,9 k €20,8 k €18,3 k €23 k €12,2 k €3,9 k €9,4 k €13,3 k €8,6 k €20,2 k €8 k €
EBITDA9,4 k €14,4 k €-850 €8 k €13,8 k €6,9 k €17,1 k €15,2 k €17,6 k €20,1 k €18,8 k €17,3 k €22,2 k €10,2 k €2,9 k €6,7 k €10,8 k €6,3 k €16,6 k €-2,4 k €
Operating result155,2 €4,8 k €-7 k €6,8 k €13,4 k €5,5 k €9,5 k €7,6 k €10 k €10,6 k €8,2 k €12,6 k €17,3 k €5,2 k €-842,9 €2,8 k €3 k €-1,6 k €8,2 k €-13,4 k €
Net result-1,5 k €3,1 k €-8,5 k €4,5 k €11,8 k €5 k €8,8 k €7,7 k €7,2 k €9,1 k €7,2 k €12,3 k €16,6 k €3,7 k €-1,9 k €51,7 €456,9 €-4,1 k €2,5 k €-38,9 k €
Balance sheet
Equity-5,9 k €-4,3 k €-7,5 k €-11,4 k €-15,9 k €-27,7 k €-32,7 k €-41,4 k €-49,1 k €-56,4 k €-65,5 k €-72,7 k €-85 k €-101,5 k €-105,2 k €-103,3 k €-103,4 k €-103,8 k €-99,7 k €-102,2 k €
Total assets36,2 k €40,9 k €52,1 k €17 k €8,3 k €2,9 k €5,7 k €12,1 k €19,1 k €27,3 k €36,2 k €15,1 k €21,5 k €24,6 k €30,9 k €21,1 k €19,3 k €26,6 k €32,1 k €48,9 k €
Cash3,9 k €1,9 k €5,2 k €4,5 k €3,2 k €5,2 €1,7 k €24,1 €43,9 €986,3 €15,6 €14,1 €696,4 €495,1 €76 €998,3 €1,5 k €2,6 k €31,2 €123 €
Debts42 k €45,2 k €59,5 k €28,4 k €24,2 k €30,6 k €38,3 k €53,6 k €68,2 k €82,9 k €100,9 k €87,8 k €106,4 k €126,1 k €136,2 k €122,4 k €120,7 k €128,5 k €130,6 k €149,8 k €
Other
Workforce0,3 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 · 2 active · 5 ended

Active mandates

Sophie Van Wambeke

Director · since 15 décembre 2023

Active
Yves Mergan

Director · since 15 décembre 2023

Active

Ended mandates

Sofie Van Wambeke

Manager · since 01 août 2002

Ended
Sophie Van Wambeke

Director · since 01 août 2002

Ended
Sophie Van Wambeke

Manager · since 01 août 2002

Ended
Yves Mergan

Director · since 01 août 2002

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged 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 date25/06/202616/07/202529/07/202413/06/202328/07/202209/07/2021
General meeting25/06/202627/06/202528/06/202414/04/202308/04/202209/04/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202625/06/2026DutchPDF
Abridged model31/12/202427/06/202516/07/2025DutchPDF
Abridged model31/12/202328/06/202429/07/2024DutchPDF
Abridged model31/12/202214/04/202313/06/2023DutchPDF
Abridged model31/12/202108/04/202228/07/2022DutchPDF
Abridged model31/12/202009/04/202109/07/2021DutchPDF
Abridged model31/12/201910/04/202005/05/2020DutchPDF
Abridged model31/12/201812/04/201931/07/2019DutchPDF
Abridged model31/12/201713/04/201829/08/2018DutchPDF
Abridged model31/12/201614/04/201730/08/2017DutchPDF
Abridged model31/12/201508/04/201629/08/2016DutchPDF
Abridged model31/12/201410/04/201528/08/2015DutchPDF
Abridged model31/12/201311/04/201417/04/2014DutchPDF
Abridged model31/12/201212/04/201328/08/2013DutchPDF
Abridged model31/12/201113/04/201231/08/2012DutchPDF
Abridged model31/12/201008/04/201122/08/2011DutchPDF
Abridged model31/12/200909/04/201007/06/2010DutchPDF
Abridged model31/12/200810/04/200917/07/2009DutchPDF
Abridged model31/12/200711/04/200803/07/2008DutchPDF
Abridged model31/12/200604/05/200701/08/2007DutchPDF
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 · 2 active · 5 ended

Active mandates

Sophie Van Wambeke

Director · since 15 décembre 2023

Active
Yves Mergan

Director · since 15 décembre 2023

Active

Ended mandates

Sofie Van Wambeke

Manager · since 01 août 2002

Ended
Sophie Van Wambeke

Director · since 01 août 2002

Ended
Sophie Van Wambeke

Manager · since 01 août 2002

Ended
Yves Mergan

Director · since 01 août 2002

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/12/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office16/10/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office08/02/2006
    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 2025-1,5 k €
  2. 2024
    Annual accounts 20243,1 k €
  3. 2023
    Annual accounts 2023-8,5 k €
  4. 2022
    Annual accounts 20224,5 k €
  5. 2021
    Annual accounts 202111,8 k €
  6. 2020
    Annual accounts 20205 k €
  7. 2019
    Annual accounts 20198,8 k €
  8. 2018
    Annual accounts 20187,7 k €
  9. 2017
    Annual accounts 20177,2 k €
  10. 2016
    Annual accounts 20169,1 k €
  11. 2015
    Annual accounts 20157,2 k €
  12. 2014
    Annual accounts 201412,3 k €
  13. 2013
    Annual accounts 201316,6 k €
  14. 2012
    Annual accounts 20123,7 k €
  15. 2011
    Annual accounts 2011-1,9 k €
  16. 2010
    Annual accounts 201051,7 €
  17. 2009
    Annual accounts 2009456,9 €
  18. 2008
    Annual accounts 2008-4,1 k €
  19. 2007
    Annual accounts 20072,5 k €
  20. 2006
    Annual accounts 2006-38,9 k €
  21. 14/08/2002
    IncorporationPrivate limited company