ACTIVE

TS 33

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Financial year 2025 · closed on 31/12/2025

Net result

2,4 M €

+232.3% YoY

Gross margin

4,7 M €

-29.8% YoY

Equity

11,6 M €

+61.2% YoY

Workforce

0,0 ETP

What does TS 33 do?

TS 33 is a Private limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Pelt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0568.894.211

Incorporation

20/01/2015

Legal form

Private limited company

Registered office

Tielenstraat 33
3900 Pelt · FlandreSee on map

Contributed capital

2 074 400,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2016		2015
Income statement
Gross margin	4,7 M €	-29.8%	6,7 M €	+1113%	548,7 k €	+115%	-3,6 M €	-391%	1,2 M €	-20.5%	1,5 M €	+943%	147,1 k €	+3000%	-5,1 k €	-105%	106,2 k €
EBITDA	4,4 M €	-3.8%	4,5 M €	+3696%	119,6 k €	+103%	-4,1 M €	-720%	654 k €	-55.7%	1,5 M €	+960%	139,3 k €	+2304%	-6,3 k €	-106%	104,9 k €
Operating result	4,1 M €	+4.3%	3,9 M €	+1531%	-273 k €	+93.7%	-4,3 M €	-2846%	157,1 k €	-87.2%	1,2 M €	+4293%	-29,2 k €	-289%	-7,5 k €	-107%	103,8 k €
Net result	2,4 M €	+232%	728,5 k €	-88.3%	6,2 M €	+231%	-4,8 M €	-344%	2 M €	+139%	815,1 k €	+1281%	-69 k €	-1535%	-4,2 k €	-106%	72,1 k €
Balance sheet
Equity	11,6 M €	+61.2%	7,2 M €	+7.5%	6,7 M €	+1233%	504,5 k €	-90.4%	5,3 M €	+543%	818,3 k €	+25576%	3,2 k €	-95.7%	74,1 k €	-5.4%	78,3 k €
Total assets	88,6 M €	-1.0%	89,5 M €	-8.5%	97,8 M €	-2.4%	100,2 M €	+70.9%	58,6 M €	+1045%	5,1 M €	+211%	1,6 M €	+25.6%	1,3 M €	+390%	267,3 k €
Cash	2,3 M €	+48.6%	1,5 M €	-31.3%	2,2 M €	-78.7%	10,5 M €	+55.5%	6,7 M €	+264%	1,9 M €	+368%	395,5 k €	+238%	117,1 k €	+109%	56,1 k €
Debts	76,7 M €	-6.5%	82 M €	-10.0%	91 M €	-8.3%	99,2 M €	+87.9%	52,8 M €	+1189%	4,1 M €	+189%	1,4 M €	+14.9%	1,2 M €	+559%	187,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Bart Cresens

Director · since 29 avril 2020

Active

Mieke De Keyzer

Director · since 29 avril 2020

Active

Ended mandates

Bart Cresens

Director · since 20 janvier 2015

Ended

Mieke De Keyzer

Director · since 20 janvier 2015

Ended

Bart Cresens

Manager

Ended

Mieke De Keyzer

Director

Ended

At this address

Other companies at this address

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ALAUDA● Active	0474.476.488
Belgian Food Retail● Active	0753.949.821
GINC-HO● Active	0466.639.581
G.I.V.O.● Active	0445.952.154
Hallo 33● Active	0767.537.343
Hallo Dessel● Active	0781.481.092
Hallo Kontich● Active	1040.206.719
HZ-INVEST● Active	0645.660.308
Immo Cleblo● Active	0501.818.216
One+ city● Active	0716.785.458
ONE+ Residential● Active	0691.656.916
PROUDMOORE● Active	1003.767.975
QCII● Active	0453.607.137
Retail Properties● Active	0769.408.453
RUMCO● Active	0453.259.521
SUBLIMMO● Active	0452.195.093
TS33 Btw-eenheid● Active	0802.401.024
TSB● Active	0414.687.767
TSN● Active	1002.449.270
TS Real Estate● Active	0770.961.938

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	15 months	12 months
Filing date	27/07/2026	31/07/2025	15/07/2024	12/07/2024	01/12/2022	20/09/2021
General meeting	30/06/2026	15/07/2025	28/06/2024	21/06/2024	14/10/2022	26/03/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/07/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	21/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/03/2023	14/04/2023	Dutch	PDF
Abridged model	31/12/2021	14/10/2022	01/12/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	20/09/2021	Dutch	PDF
Micro model	30/09/2019	09/03/2020	31/03/2020	Dutch	PDF
Micro model	30/09/2018	26/03/2019	26/04/2019	Dutch	PDF
Abridged model	31/12/2016	04/09/2017	13/09/2017	Dutch	PDF
Abridged model	31/12/2015	14/12/2016	15/12/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 ended

Active mandates

Bart Cresens

Director · since 29 avril 2020

Active

Mieke De Keyzer

Director · since 29 avril 2020

Active

Ended mandates

Bart Cresens

Director · since 20 janvier 2015

Ended

Mieke De Keyzer

Director · since 20 janvier 2015

Ended

Bart Cresens

Manager

Ended

Mieke De Keyzer

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other03/07/2026
DIVERSEN
PDF
Other16/02/2026
DIVERSEN
PDF
Mandates23/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other13/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring22/05/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/02/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/10/2018
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/07/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20252,4 M €↑
2024
Annual accounts 2024728,5 k €↓
19/11/2024
nominationMaarten Desmet — commissaris
08/01/2024
nominationIna Beelen — afgevaardigd bestuurder
2023
Annual accounts 20236,2 M €↑
2022
Annual accounts 2022-4,8 M €↓
2022
Name changeTS 33
2021
Annual accounts 20212 M €↑
2021
Name changeTS33
2019
Annual accounts 2019815,1 k €↑
2018
Annual accounts 2018-69 k €↓
2016
Annual accounts 2016-4,2 k €↓
2015
Annual accounts 201572,1 k €
20/01/2015
IncorporationPrivate 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

TS 33

Overview

What does TS 33 do?

Trend over 9 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