ACTIVE

TMSD GROUP

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
-5 k €
-169.9% YoY
Gross margin
-4,5 k €
-148.3% YoY
Equity
80,4 k €
-5.8% YoY

What does TMSD GROUP do?

TMSD GROUP is a Private limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Namur.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0682.870.892
Incorporation
12/10/2017
Legal form
Private limited company
Registered office
Rue du Curé Hiernaux(SS) 20
5002 Namur · WallonieSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120192018
Income statement
Gross margin-4,5 k €9,2 k €-2,8 k €-2,7 k €-2,8 k €1,9 k €19,9 k €
EBITDA-4,6 k €8,8 k €-3,3 k €-3 k €-3,3 k €1,5 k €19 k €
Operating result-4,6 k €8,8 k €-3,3 k €-3 k €-3,3 k €1,5 k €18 k €
Net result-5 k €7,1 k €-3,5 k €-3,9 k €-4,4 k €84,4 €11,6 k €
Balance sheet
Equity80,4 k €85,3 k €78,2 k €81,7 k €130,7 k €131,4 k €27,1 k €
Total assets151,5 k €149,7 k €151,1 k €150,5 k €196,3 k €205,6 k €104,4 k €
Cash1,4 k €323,9 €696,7 €128,1 €471 €3,6 k €6,2 k €
Debts70,7 k €63,5 k €72,4 k €68,4 k €65,5 k €74,1 k €77,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Simon de Fays

Director · since 01 octobre 2017

Active
Thibault Machuraux

Director · since 01 octobre 2017

Active

Ended mandates

Machuraux Thibault

Director · since 25 février 2025

Ended
Simon de Fays

Director · since 25 février 2025

Ended
Simon de Fays

Director · since 12 octobre 2017

Ended
Simon de Fays

Manager · since 12 octobre 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
HWSD● Active
0687.603.702
IRIS NAMUR● Active
0627.652.059
M.L. IMMO● Active
0890.782.672
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date20/08/202627/08/202513/08/202416/08/202301/07/202208/09/2021
General meeting18/06/202619/06/202520/06/202421/06/202316/06/202217/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/06/202620/08/2026FrenchPDF
Micro model31/12/202419/06/202527/08/2025FrenchPDF
Micro model31/12/202320/06/202413/08/2024FrenchPDF
Micro model31/12/202221/06/202316/08/2023FrenchPDF
Micro model31/12/202116/06/202201/07/2022FrenchPDF
Micro model31/12/202017/06/202108/09/2021FrenchPDF
Abridged model31/12/201918/06/202010/08/2020FrenchPDF
Micro model31/12/201820/06/201914/09/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 ended

Active mandates

Simon de Fays

Director · since 01 octobre 2017

Active
Thibault Machuraux

Director · since 01 octobre 2017

Active

Ended mandates

Machuraux Thibault

Director · since 25 février 2025

Ended
Simon de Fays

Director · since 25 février 2025

Ended
Simon de Fays

Director · since 12 octobre 2017

Ended
Simon de Fays

Manager · since 12 octobre 2017

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/03/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - 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

Timeline

  1. 2025
    Annual accounts 2025-5 k €↓
  2. 2024
    Annual accounts 20247,1 k €↑
  3. 2023
    Annual accounts 2023-3,5 k €↑
  4. 2022
    Annual accounts 2022-3,9 k €↑
  5. 2021
    Annual accounts 2021-4,4 k €↓
  6. 2019
    Annual accounts 201984,4 €↓
  7. 2018
    Annual accounts 201811,6 k €
  8. 12/10/2017
    IncorporationPrivate limited company