ACTIVE

TESA

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Financial year 2025 · closed on 31/12/2025

Net result

669,8 k €

+89.8% YoY

Revenue

22,1 M €

+6.1% YoY

Equity

2,1 M €

+0.0% YoY

Workforce

16,9 ETP

+5.6% YoY

What does TESA do?

TESA is a Public limited company incorporated in 2003. Its main activity is: Wholesale of other household goods. Its registered office is in Forest. It employs on average 16,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.051.812

Incorporation

18/04/2003

Legal form

Public limited company

Registered office

Boulevard de l'Humanité 292
1190 Forest · BruxellesSee on map

Contributed capital

1 861 290,00 €

Latest accounts

31/12/2025

Average workforce

16,9 ETP

Activities (NACE)

46499Wholesale of other household goods· main 46499Wholesale of other household goods 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51478Air transport 51872Air transport

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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		2010		2009		2008		2007		2006
Income statement
Revenue	22,1 M €	+6.1%	20,8 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,2 M €	+2763%	41,8 k €	-94.7%	789,8 k €	-38.0%	1,3 M €	-17.3%	1,5 M €	+83.7%	838,2 k €	+277%	222,5 k €	-55.2%	496,2 k €	-27.7%	686,7 k €	+68.0%	408,8 k €	-30.7%	590,3 k €	-3.4%	610,8 k €	-25.1%	815,5 k €	+9.1%	747,7 k €	-33.5%	1,1 M €	+21.2%	927,9 k €	-21.9%	1,2 M €	+38.6%	857,6 k €	+102729%	834 €
Operating result	828,7 k €	-4.8%	870,5 k €	+1801%	-51,2 k €	-104%	1,3 M €	-17.2%	1,5 M €	+86.2%	819,4 k €	+300%	204,6 k €	-57.8%	484,7 k €	-27.3%	666,6 k €	+71.0%	389,8 k €	-30.6%	562 k €	-6.6%	601,5 k €	-24.9%	800,6 k €	+9.9%	728,7 k €	-34.1%	1,1 M €	+21.8%	908,4 k €	-21.4%	1,2 M €	+40.6%	822,2 k €	+103849%	791 €
Net result	669,8 k €	+89.8%	352,9 k €	+907%	35,1 k €	-96.0%	872,4 k €	-21.1%	1,1 M €	+89.4%	583,7 k €	+356%	127,9 k €	-63.8%	353,5 k €	-56.3%	808 k €	+209%	261,8 k €	+392%	-89,7 k €	-124%	376,3 k €	-25.4%	504,5 k €	-15.2%	594,6 k €	-20.6%	748,7 k €	+34.9%	554,9 k €	-40.7%	935,2 k €	+57.0%	595,7 k €	+115579%	515 €
Balance sheet
Equity	2,1 M €	+0.0%	2,1 M €	+0.0%	2,1 M €	+0.7%	2,1 M €	+0.0%	2,1 M €	+0.0%	2,1 M €	+0.0%	2 M €	+0.0%	2 M €	+0.0%	2 M €	+0.0%	2 M €	+3.5%	2 M €	-4.3%	2,1 M €	+0.0%	2,1 M €	+0.0%	2,1 M €	+0.0%	2,1 M €	+0.5%	2,1 M €	+1.4%	2 M €	+2.4%	2 M €	+101485%	2 k €
Total assets	7,1 M €	-2.6%	7,3 M €	-12.5%	8,3 M €	-7.3%	9 M €	+17.8%	7,6 M €	+21.9%	6,3 M €	+11.5%	5,6 M €	-2.4%	5,7 M €	-16.8%	6,9 M €	+12.3%	6,1 M €	-6.6%	6,6 M €	+3.3%	6,4 M €	-2.0%	6,5 M €	+7.0%	6,1 M €	-18.8%	7,5 M €	+7.8%	6,9 M €	-4.8%	7,3 M €	+6.2%	6,9 M €	+97080%	7,1 k €
Cash	–		–		0 €	-100%	144,8 k €	-9.9%	160,6 k €	+195%	54,4 k €	-22.5%	70,2 k €	-33.1%	105 k €	+738%	12,5 k €	-67.9%	39,1 k €	-44.7%	70,6 k €	-7.7%	76,6 k €	-41.5%	131 k €	+20.3%	108,9 k €	+194%	37 k €	+47.4%	25,1 k €	-76.8%	108,2 k €	-14.6%	126,6 k €	+66902%	189 €
Debts	4,7 M €	-9.6%	5,2 M €	-3.8%	5,4 M €	-21.6%	6,9 M €	+24.4%	5,6 M €	+32.5%	4,2 M €	+18.1%	3,6 M €	-3.7%	3,7 M €	-23.8%	4,9 M €	+24.4%	3,9 M €	-11.0%	4,4 M €	+3.7%	4,2 M €	-3.7%	4,4 M €	+16.6%	3,8 M €	-22.2%	4,8 M €	+11.6%	4,3 M €	-3.8%	4,5 M €	+7.7%	4,2 M €	+94348%	4,4 k €
Other
Workforce	16,9 ETP	+5.6%	16,0 ETP	-5.9%	17,0 ETP	-15.0%	20,0 ETP	-7.4%	21,6 ETP	-1.8%	22,0 ETP	+2.3%	21,5 ETP	+0.9%	21,3 ETP	-1.4%	21,6 ETP	-3.6%	22,4 ETP	-0.4%	22,5 ETP	+4.7%	21,5 ETP	-1.8%	21,9 ETP	-0.9%	22,1 ETP	+1.4%	21,8 ETP	-8.8%	23,9 ETP	-10.2%	26,6 ETP	-2.2%	27,2 ETP	+7.5%	25,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Annick Meuleman

Director · since 21 mars 2024 · until 21 mars 2029

Active

Richard Neveux

Director · since 21 mars 2024 · until 21 mars 2029

Active

Stephan Frischmuth

Director · since 21 mars 2024 · until 21 mars 2029

Active

Ended mandates

JAN MORTEN SEVECKE

Director · since 01 mai 2020 · until 30 avril 2023

Ended

JAN-MORTEN SEVECKE

Director · since 01 mai 2020 · until 30 avril 2023

Ended

DANIEL GERMAIN

Director · since 01 juillet 2017 · until 30 juin 2023

Ended

JAN CHRISTOPH TEETZ

Director · since 16 avril 2015 · until 30 avril 2020

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	23/07/2026	27/11/2025	28/02/2025	25/09/2024	11/12/2023	23/06/2022
General meeting	15/07/2026	04/11/2025	12/12/2024	25/07/2024	10/11/2023	30/05/2022
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	15/07/2026	23/07/2026	French	PDF
Full model	31/12/2024	04/11/2025	27/11/2025	French	PDF
Full modelCorrection	31/12/2023	12/12/2024	28/02/2025	French	PDF
Full model	31/12/2023	12/12/2024	20/12/2024	French	PDF
Full model	31/12/2022	25/07/2024	25/09/2024	French	PDF
Full model	31/12/2021	10/11/2023	11/12/2023	French	PDF
Full model	31/12/2020	30/05/2022	23/06/2022	French	PDF
Full model	31/12/2019	30/06/2020	28/08/2020	French	PDF
Full model	31/12/2018	03/06/2019	10/07/2019	French	PDF
Full model	31/12/2017	23/04/2018	03/07/2018	French	PDF
Full model	31/12/2016	27/03/2017	11/07/2017	French	PDF
Full model	31/12/2015	21/03/2016	26/04/2016	French	PDF
Full model	31/12/2014	16/03/2015	22/04/2015	French	PDF
Full model	31/12/2013	17/03/2014	03/06/2014	French	PDF
Full model	31/12/2012	18/03/2013	04/07/2013	French	PDF
Full model	31/12/2010	21/03/2011	06/03/2012	French	PDF
Full model	31/12/2009	15/03/2010	23/06/2010	French	PDF
Full model	31/12/2008	16/03/2009	26/01/2010	French	PDF
Full model	31/12/2007	17/03/2008	05/09/2008	French	PDF
Full model	31/12/2006	19/03/2007	11/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 18 ended

Active mandates

Annick Meuleman

Director · since 21 mars 2024 · until 21 mars 2029

Active

Richard Neveux

Director · since 21 mars 2024 · until 21 mars 2029

Active

Stephan Frischmuth

Director · since 21 mars 2024 · until 21 mars 2029

Active

Ended mandates

JAN MORTEN SEVECKE

Director · since 01 mai 2020 · until 30 avril 2023

Ended

JAN-MORTEN SEVECKE

Director · since 01 mai 2020 · until 30 avril 2023

Ended

DANIEL GERMAIN

Director · since 01 juillet 2017 · until 30 juin 2023

Ended

JAN CHRISTOPH TEETZ

Director · since 16 avril 2015 · until 30 avril 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/09/2026
Change représentant permanent commissaire
PDF
Mandates02/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates06/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2020
DEMISSIONS, NOMINATIONS
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 2025669,8 k €↑
2024
Annual accounts 2024352,9 k €↑
2023
Annual accounts 202335,1 k €↓
2023
Name changeTesa Belgium
2022
Annual accounts 2022872,4 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020583,7 k €↑
2020
Name changeTesa
2019
Annual accounts 2019127,9 k €↓
2018
Annual accounts 2018353,5 k €↓
2017
Annual accounts 2017808 k €↑
2016
Annual accounts 2016261,8 k €↑
2015
Annual accounts 2015-89,7 k €↓
2014
Annual accounts 2014376,3 k €↓
2013
Annual accounts 2013504,5 k €↓
2012
Annual accounts 2012594,6 k €↓
2010
Annual accounts 2010748,7 k €↑
2009
Annual accounts 2009554,9 k €↓
2008
Annual accounts 2008935,2 k €↑
2007
Annual accounts 2007595,7 k €↑
2006
Annual accounts 2006515 €
18/04/2003
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

TESA

Overview

What does TESA 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