ACTIVE

TBS

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Financial year 2025 · closed on 31/12/2025
Net result
7,2 k €
+154.7% YoY
Gross margin
45,3 k €
+388.7% YoY
Equity
14,5 k €
+99.1% YoY

What does TBS do?

TBS is a Private limited company incorporated in 2020. Its main activity is: Construction of buildings. Its registered office is in Kortrijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0754.424.725
Incorporation
15/09/2020
Legal form
Private limited company
Registered office
Dumolinlaan(Kor) 1 box 13
8500 Kortrijk · FlandreSee on map
Contributed capital
2 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings41002Construction of buildings41101Development of building projects41202Construction of residential and non-residential buildings68121Buying 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 5 financial years

20252024202320222021
Income statement
Gross margin45,3 k €9,3 k €31,8 k €7,8 k €65,2 k €
EBITDA43,6 k €7 k €29,9 k €-15,4 k €37,9 k €
Operating result17,3 k €672 €23,5 k €-21,6 k €35,1 k €
Net result7,2 k €-13,2 k €16,2 k €-23,9 k €25,7 k €
Balance sheet
Equity14,5 k €7,3 k €20,5 k €4,3 k €28,2 k €
Total assets339,2 k €338,7 k €352,1 k €274,9 k €72,5 k €
Cash–0 €218,4 €16,8 k €554,8 €
Debts324,5 k €331,4 k €329,3 k €270,6 k €43,2 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 · 1 active

Active mandates

Tom Buttenaere

Director

Active
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202215/09/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months16 months
Filing date24/07/202603/03/202512/03/202414/07/202322/06/2022
General meeting11/05/202613/02/202505/02/202430/06/202304/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/05/202624/07/2026DutchPDF
Micro model31/12/202413/02/202503/03/2025DutchPDF
Micro model31/12/202305/02/202412/03/2024DutchPDF
Micro model31/12/202230/06/202314/07/2023DutchPDF
Micro model31/12/202104/06/202222/06/2022DutchPDF
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 · 1 active

Active mandates

Tom Buttenaere

Director

Active
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office26/08/2026
    ZETEL
    PDF
  • Other17/09/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

Timeline

  1. 2025
    Annual accounts 20257,2 k €↑
  2. 2024
    Annual accounts 2024-13,2 k €↓
  3. 2023
    Annual accounts 202316,2 k €↑
  4. 2022
    Annual accounts 2022-23,9 k €↓
  5. 2021
    Annual accounts 202125,7 k €
  6. 15/09/2020
    IncorporationPrivate limited company