ACTIVE

TSTM

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Financial year 2025 · closed on 31/12/2025
Net result
120,1 k €
-5.3% YoY
Gross margin
163,3 k €
-1.1% YoY
Equity
10 k €
-93.8% YoY

What does TSTM do?

TSTM is a Private limited company incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Eupen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0733.734.130
Incorporation
05/09/2019
Legal form
Private limited company
Registered office
Friedrich-Hennes-Strasse 2
4700 Eupen · WallonieSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin163,3 k €165,1 k €107,4 k €69,3 k €114 k €62,8 k €
EBITDA162,6 k €164 k €106,3 k €68,2 k €113,4 k €56,9 k €
Operating result157,9 k €159,5 k €102,9 k €67,3 k €110,6 k €51,8 k €
Net result120,1 k €126,8 k €83,8 k €52,1 k €91,6 k €37 k €
Balance sheet
Equity10 k €160,4 k €160,1 k €160,3 k €137 k €46,2 k €
Total assets162,9 k €293,5 k €251,5 k €198,1 k €163,8 k €93 k €
Cash134,5 k €226,8 k €81,5 k €133,6 k €77,5 k €13,1 k €
Debts148,6 k €128,8 k €87,3 k €33,8 k €23,4 k €43,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Thomas Strang

Director · since 04 septembre 2019

Active
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202104/09/2019
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 months16 months
Filing date09/02/202631/01/202501/02/202406/02/202304/02/202212/02/2021
General meeting23/01/202623/01/202531/01/202430/01/202324/01/202229/01/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/01/202609/02/2026GermanPDF
Abridged model31/12/202423/01/202531/01/2025GermanPDF
Abridged model31/12/202331/01/202401/02/2024GermanPDF
Abridged model31/12/202230/01/202306/02/2023GermanPDF
Micro model31/12/202124/01/202204/02/2022GermanPDF
Micro model31/12/202029/01/202112/02/2021GermanPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

Active mandates

Thomas Strang

Director · since 04 septembre 2019

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office10/10/2022
    GESELLSCHAFTSSITZ
    PDF
  • Other09/09/2019
    RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
    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 2025120,1 k €↓
  2. 2024
    Annual accounts 2024126,8 k €↑
  3. 2023
    Annual accounts 202383,8 k €↑
  4. 2022
    Annual accounts 202252,1 k €↓
  5. 2021
    Annual accounts 202191,6 k €↑
  6. 2020
    Annual accounts 202037 k €
  7. 05/09/2019
    IncorporationPrivate limited company