ACTIVE

TQ PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

323,8 k €

+4.9% YoY

Gross margin

607,5 k €

+2.3% YoY

Equity

1,9 M €

+20.1% YoY

What does TQ PROJECTS do?

TQ PROJECTS is a Public limited company incorporated in 2002. Its main activity is: Wired telecommunications activities. Its registered office is in Mechelen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.971.647

Incorporation

09/12/2002

Legal form

Public limited company

Registered office

Hendrik Consciencestraat 1B
2800 Mechelen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 64200Activities of holding companies 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	607,5 k €	+2.3%	593,8 k €	-9.6%	656,9 k €	+0.6%	653,1 k €	+25.0%	522,5 k €	-0.3%	524 k €	+7.0%	489,8 k €	-9.9%	543,4 k €	+10.5%	492 k €	+20.9%	406,8 k €	+449%	74 k €	-33.4%	111,2 k €	-13.1%	127,9 k €	+12.0%	114,1 k €	-2.3%	116,8 k €	-68.8%	374,5 k €	-0.8%	377,3 k €	-2.1%	385,5 k €	-17.1%	464,8 k €
EBITDA	545,3 k €	+3.6%	526,5 k €	-12.9%	604,3 k €	-0.1%	605,1 k €	+26.4%	478,9 k €	+0.4%	476,8 k €	+4.9%	454,8 k €	-12.2%	518,2 k €	+10.4%	469,4 k €	+22.8%	382,1 k €	+702%	47,6 k €	-35.3%	73,6 k €	-23.9%	96,7 k €	+77.4%	54,5 k €	+171%	-76,2 k €	-3789%	-2 k €	-106%	30,8 k €	-27.3%	42,3 k €	-70.4%	143,1 k €
Operating result	464,1 k €	+3.0%	450,4 k €	-12.6%	515,1 k €	+10.0%	468,2 k €	+93.9%	241,5 k €	+1.5%	238 k €	+9.8%	216,6 k €	-22.7%	280,4 k €	+12.8%	248,6 k €	+41.6%	175,5 k €	+249%	-117,8 k €	-2155%	5,7 k €	-84.1%	36,1 k €	+1013%	3,2 k €	+103%	-119,3 k €	-150%	-47,8 k €	-228%	-14,6 k €	-332%	6,3 k €	+108%	-76,5 k €
Net result	323,8 k €	+4.9%	308,5 k €	-13.0%	354,4 k €	+3.8%	341,6 k €	+92.3%	177,6 k €	-1.9%	181,1 k €	+26.2%	143,5 k €	-33.8%	216,9 k €	-6.2%	231,2 k €	+50.2%	153,9 k €	+229%	-119 k €	-975%	-11,1 k €	-144%	25,2 k €	+335%	-10,7 k €	+92.1%	-136 k €	-91.0%	-71,2 k €	-64.1%	-43,4 k €	-1210%	-3,3 k €	+96.2%	-87,4 k €
Balance sheet
Equity	1,9 M €	+20.1%	1,6 M €	+23.7%	1,3 M €	+37.4%	947,3 k €	+56.4%	605,7 k €	+41.5%	428,1 k €	+73.4%	246,9 k €	+139%	103,4 k €	+191%	-113,5 k €	+67.1%	-344,7 k €	+30.9%	-498,6 k €	-31.3%	-379,6 k €	-3.0%	-368,6 k €	+6.4%	-393,8 k €	-2.8%	-383 k €	-55.0%	-247,1 k €	-40.5%	-175,9 k €	-32.8%	-132,5 k €	-2.6%	-129,2 k €
Total assets	2,6 M €	+8.7%	2,4 M €	+6.5%	2,2 M €	+16.4%	1,9 M €	+14.4%	1,7 M €	+0.3%	1,7 M €	-12.6%	1,9 M €	+12.1%	1,7 M €	-3.7%	1,8 M €	+11.0%	1,6 M €	+2.0%	1,6 M €	+289%	404,9 k €	-15.2%	477,2 k €	+33.3%	358,1 k €	-11.5%	404,8 k €	+66.6%	243 k €	-21.4%	309,1 k €	+4.2%	296,6 k €	+23.6%	240 k €
Cash	83,3 k €	+987%	7,7 k €	-88.2%	65,1 k €	+0.0%	65,1 k €	-36.3%	102,1 k €	+8.1%	94,5 k €	-16.1%	112,7 k €	-12.6%	128,9 k €	+1966%	6,2 k €	-91.9%	76,8 k €	+2167%	3,4 k €		–		–		–		116 €	-99.7%	33,3 k €	+16.6%	28,6 k €	+14.9%	24,8 k €	+15.0%	21,6 k €
Debts	558,7 k €	-17.6%	678,4 k €	-14.7%	795,7 k €	-5.1%	838 k €	-12.6%	958,3 k €	-15.0%	1,1 M €	-27.4%	1,6 M €	+3.6%	1,5 M €	-16.0%	1,8 M €	-3.0%	1,8 M €	-11.2%	2,1 M €	+164%	784,5 k €	-7.2%	845,7 k €	+25.5%	673,6 k €	-6.8%	722,6 k €	+47.5%	489,9 k €	+1.0%	485 k €	+13.0%	429,1 k €	+16.2%	369,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-88.9%	4,5 ETP	-19.6%	5,6 ETP	+1.8%	5,5 ETP	-1.8%	5,6 ETP	0.0%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 30 ended

Active mandates

Peter Roelens

Managing director · since 10 juin 2024 · until 10 juin 2030

Active

SC Projects

Director · since 10 juin 2024 · until 10 juin 2030 · 0824.322.727

Represented by Nico Crauwels

Active

Ended mandates

SC Projects

Director · since 10 juin 2024 · until 10 juin 2030 · 0824.322.727

Represented by Nico Crauwels

Ended

Peter Roelens

Managing director · since 10 juin 2020 · until 10 juin 2025

Ended

Peter Roelens

Managing director · since 10 juin 2020 · until 10 juin 2030

Ended

Joannes Kenis

Director · since 01 janvier 2020 · until 16 novembre 2022

Ended

At this address

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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	01/01/2025	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	20/06/2025	17/06/2024	29/06/2023	08/07/2022	02/07/2021
General meeting	29/05/2026	10/06/2025	10/06/2024	10/06/2023	10/06/2022	10/06/2021
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
Abridged model	31/12/2025	29/05/2026	12/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	06/08/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	10/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 2 active · 30 ended

Active mandates

Peter Roelens

Managing director · since 10 juin 2024 · until 10 juin 2030

Active

SC Projects

Director · since 10 juin 2024 · until 10 juin 2030 · 0824.322.727

Represented by Nico Crauwels

Active

Ended mandates

SC Projects

Director · since 10 juin 2024 · until 10 juin 2030 · 0824.322.727

Represented by Nico Crauwels

Ended

Peter Roelens

Managing director · since 10 juin 2020 · until 10 juin 2025

Ended

Peter Roelens

Managing director · since 10 juin 2020 · until 10 juin 2030

Ended

Joannes Kenis

Director · since 01 janvier 2020 · until 16 novembre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other24/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/05/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/10/2014
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 2025323,8 k €↑
2024
Annual accounts 2024308,5 k €↓
2023
Annual accounts 2023354,4 k €↑
2022
Annual accounts 2022341,6 k €↑
2021
Annual accounts 2021177,6 k €↓
2020
Annual accounts 2020181,1 k €↑
2019
Annual accounts 2019143,5 k €↓
2018
Annual accounts 2018216,9 k €↓
2017
Annual accounts 2017231,2 k €↑
2016
Annual accounts 2016153,9 k €↑
2015
Annual accounts 2015-119 k €↓
2014
Annual accounts 2014-11,1 k €↓
2013
Annual accounts 201325,2 k €↑
2012
Annual accounts 2012-10,7 k €↑
2011
Annual accounts 2011-136 k €↓
2010
Annual accounts 2010-71,2 k €↓
2009
Annual accounts 2009-43,4 k €↓
2008
Annual accounts 2008-3,3 k €↑
2007
Annual accounts 2007-87,4 k €
09/12/2002
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

TQ PROJECTS

Overview

What does TQ PROJECTS do?

Trend over 19 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