ACTIVE

TPJE

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Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
+280.3% YoY
Gross margin
4,1 M €
+263.0% YoY
Equity
26,1 M €
+189.6% YoY
Workforce
0,0 ETP

What does TPJE do?

TPJE is a Public limited company incorporated in 2015. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Oostende.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0634.909.441
Incorporation
31/07/2015
Legal form
Public limited company
Registered office
Vergunningenstraat 6
8400 Oostende · FlandreSee on map
Contributed capital
5 545 819,45 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate64200Activities of holding companies64210Activities of holding companies68100Buying and selling of own real estate68110Buying and selling of own real estate+6
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021201820172016
Income statement
Gross margin4,1 M €1,1 M €1,2 M €4,8 M €1,1 M €1,0 M €1,1 M €2,0 M €
EBITDA3,9 M €992,3 k €1,2 M €4,6 M €1,0 M €937,3 k €1,0 M €1,8 M €
Operating result2,5 M €721,1 k €860,8 k €4,3 M €51,3 k €180,6 k €229,5 k €5,2 k €
Net result1,6 M €425,6 k €543,7 k €3,2 M €167,4 k €160,6 k €244,8 k €31,2 k €
Balance sheet
Equity26,1 M €9,0 M €8,6 M €8,1 M €4,8 M €5,2 M €5,1 M €4,8 M €
Total assets37,4 M €14,5 M €14,5 M €18,5 M €18,0 M €14,6 M €15,3 M €15,2 M €
Cash825,4 k €34,3 k €561,1 k €6,6 M €1,4 M €487,9 k €324,6 k €299,8 k €
Debts8,2 M €5,1 M €5,5 M €10,3 M €13,2 M €9,4 M €10,3 M €10,3 M €
Other
Workforce0,0 ETP0,0 ETP0,0 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 · 1 active · 7 ended

Active mandates

Michel Lemahieu

Managing director

Active

Ended mandates

Michel Lemahieu

Managing director · since 31 mai 2017 · until 26 mai 2021

Ended
Rebecca De Kesel

Director · since 31 mai 2017 · until 26 mai 2021

Ended
Antoine Lemahieu

Director · since 07 août 2015 · until 27 février 2017

Ended
Michel Lemahieu

Managing director · since 07 août 2015 · until 30 juin 2020

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 date28/05/202623/06/202502/07/202417/07/202329/09/202217/08/2021
General meeting27/05/202628/05/202526/06/202429/06/202322/09/202230/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/05/202628/05/2026DutchPDF
Abridged model31/12/202428/05/202523/06/2025DutchPDF
Abridged model31/12/202326/06/202402/07/2024DutchPDF
Abridged model31/12/202229/06/202317/07/2023DutchPDF
Abridged model31/12/202122/09/202229/09/2022DutchPDF
Abridged model31/12/202030/06/202117/08/2021DutchPDF
Abridged model31/12/201908/09/202007/10/2020DutchPDF
Abridged model31/12/201811/06/201918/06/2019DutchPDF
Abridged model31/12/201730/05/201814/06/2018DutchPDF
Abridged model31/12/201631/05/201723/06/2017DutchPDF
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 · 1 active · 7 ended

Active mandates

Michel Lemahieu

Managing director

Active

Ended mandates

Michel Lemahieu

Managing director · since 31 mai 2017 · until 26 mai 2021

Ended
Rebecca De Kesel

Director · since 31 mai 2017 · until 26 mai 2021

Ended
Antoine Lemahieu

Director · since 07 août 2015 · until 27 février 2017

Ended
Michel Lemahieu

Managing director · since 07 août 2015 · until 30 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring18/08/2025
    DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring19/06/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates11/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/02/2016
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other18/08/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...) - DIVERSEN
    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 20251,6 M €↑
  2. 2024
    Annual accounts 2024425,6 k €↓
  3. 2023
    Annual accounts 2023543,7 k €↓
  4. 2022
    Annual accounts 20223,2 M €↑
  5. 2021
    Annual accounts 2021167,4 k €↑
  6. 2018
    Annual accounts 2018160,6 k €↓
  7. 2017
    Annual accounts 2017244,8 k €↑
  8. 2016
    Annual accounts 201631,2 k €
  9. 31/07/2015
    IncorporationPublic limited company