ACTIVE

The Test Leaders

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Financial year 2025 · Closed on 30/09/2025

Net result60,7 k €+100,1 %over 1 year
Gross margin853,2 k €+13,5 %over 1 year
Equity171,3 k €+54,9 %over 1 year
Workforce10,2 ETP+5,2 %over 1 year

Identity

Source · BCE/KBO

The Test Leaders is a Cooperative company with limited liability incorporated in 2003. Its main activity is: Computer programming activities. Its registered office is in Aartselaar. It employs on average 10,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0480.056.166
Incorporation
17/04/2003
Legal form
Cooperative company with limited liability
Registered office
Antwerpsesteenweg 124
2630 Aartselaar · FlandreSee on map
Contributed capital
32 562,77 €
Latest accounts
30/09/2025
Average workforce
10,2 ETP
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin853,2 k €751,5 k €728,1 k €708,6 k €933 k €
EBITDA120,6 k €80,4 k €114,8 k €-46,3 k €37 k €
Operating result117,1 k €74,6 k €108,3 k €-55,7 k €28,3 k €
Net result60,7 k €30,3 k €68,2 k €-63,9 k €-3,6 k €
Balance sheet
Equity171,3 k €110,6 k €114,9 k €182,8 k €434,2 k €
Total assets688,9 k €688,3 k €596,6 k €641 k €844 k €
Cash275,8 k €150,1 k €196,2 k €108,5 k €303,4 k €
Debts517,2 k €577,3 k €479,8 k €458,2 k €409,8 k €
Other
Workforce10,2 ETP9,7 ETP10,1 ETP12,6 ETP13,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 32 ended

Active mandates

ANIMANDO

Director · since 27 mars 2009 · 0866.693.713

Represented by Stefan Patry

Active
CUNEGO

Director · since 27 mars 2009 · 0866.701.235

Represented by Tom Van Ongeval

Active

Ended mandates

Gert Mentens

Director · since 22 janvier 2013

Ended
Gert Mentens

Manager · since 22 janvier 2013 · until 31 mars 2019

Ended
Gert Mentens

Manager · since 22 janvier 2013

Ended
ANIMANDO

Director · since 27 mars 2009 · 0866.693.713

Represented by Stefan Patry

Ended

Other companies at this address

Antwerpsesteenweg 124 2630 Aartselaar
CompanyCBE no.
4 Power● Bankrupt
0806.310.718
AH I architectuur● Active
0547.798.392
AKAM BELGIUM● Active
0877.550.288
A + L● Active
1008.051.912
AMIANTO● Active
0859.611.228
AV.SAN● Active
0833.581.673
BC A12● Active
0630.681.726
BIBLIDESIGN● Active
0808.841.923
BIBLIOTHECA BELGIUM● Active
0847.313.509
BISLEVEL● Active
0801.711.829
BOVA Build● Bankrupt
1003.815.386
DIGITAL VISION● Liquidation
0807.364.256
FENIKO● Bankrupt
0843.143.596
FERANT● Active
0472.739.792
Gadgeon Europe● Active
0642.985.680
GainSight Analytics● Bankrupt
0598.796.737
GELILO● Active
0651.940.463
GRINTA● Bankrupt
0817.612.208
H'Avilah Wines and Spirits● Active
1026.496.362
HORECA À LA CARTE● Active
0826.005.973

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/03/202625/04/202530/04/202424/03/202329/04/202206/05/2021
General meeting21/03/202631/03/202529/03/202421/03/202321/03/202222/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202521/03/202624/03/2026DutchPDF
Abridged model30/09/202431/03/202525/04/2025DutchPDF
Abridged model30/09/202329/03/202430/04/2024DutchPDF
Abridged model30/09/202221/03/202324/03/2023DutchPDF
Abridged model30/09/202121/03/202229/04/2022DutchPDF
Abridged model30/09/202022/03/202106/05/2021DutchPDF
Abridged model30/09/201921/03/202030/03/2020DutchPDF
Abridged model30/09/201821/03/201927/03/2019DutchPDF
Abridged model30/09/201721/03/201828/03/2018DutchPDF
Abridged model30/09/201621/03/201729/03/2017DutchPDF
Abridged model30/09/201529/03/201625/04/2016DutchPDF
Abridged model30/09/201426/02/201512/03/2015DutchPDF
Abridged model30/09/201321/03/201418/04/2014DutchPDF
Abridged model30/09/201221/03/201303/04/2013DutchPDF
Abridged model30/09/201120/11/201130/01/2012DutchPDF
Abridged model30/09/201021/03/201129/04/2011DutchPDF
Abridged model30/09/200921/03/201006/04/2010DutchPDF
Abridged model30/09/200821/03/200926/03/2009DutchPDF
Abridged model30/09/200721/03/200828/04/2008DutchPDF
Abridged model30/09/200621/03/200718/04/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 32 ended

Active mandates

ANIMANDO

Director · since 27 mars 2009 · 0866.693.713

Represented by Stefan Patry

Active
CUNEGO

Director · since 27 mars 2009 · 0866.701.235

Represented by Tom Van Ongeval

Active

Ended mandates

Gert Mentens

Director · since 22 janvier 2013

Ended
Gert Mentens

Manager · since 22 janvier 2013 · until 31 mars 2019

Ended
Gert Mentens

Manager · since 22 janvier 2013

Ended
ANIMANDO

Director · since 27 mars 2009 · 0866.693.713

Represented by Stefan Patry

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office13/02/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/05/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/04/2011
    BENAMING
    PDF
  • Registered office12/04/2010
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/04/2009
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates27/01/2005
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

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 202560,7 k €↑
  2. 2024
    Annual accounts 202430,3 k €↓
  3. 2023
    Annual accounts 202368,2 k €↑
  4. 2022
    Annual accounts 2022-63,9 k €↓
  5. 2021
    Annual accounts 2021-3,6 k €↓
  6. 2020
    Annual accounts 202045,1 k €↑
  7. 2019
    Annual accounts 201934,6 k €↓
  8. 2018
    Annual accounts 2018136,1 k €↓
  9. 2017
    Annual accounts 2017188 k €↑
  10. 2016
    Annual accounts 201621,3 k €↑
  11. 2015
    Annual accounts 2015-99,3 k €↓
  12. 2014
    Annual accounts 201444,6 k €↑
  13. 2013
    Annual accounts 2013-9,1 k €↑
  14. 2012
    Annual accounts 2012-18,4 k €↓
  15. 2011
    Annual accounts 201119,3 k €↓
  16. 2010
    Annual accounts 201027,6 k €↑
  17. 2009
    Annual accounts 200925,3 k €↑
  18. 2008
    Annual accounts 200810 k €↓
  19. 2007
    Annual accounts 200719,4 k €↑
  20. 2006
    Annual accounts 200612,4 k €
  21. 17/04/2003
    IncorporationCooperative company with limited liability