ACTIVE

TSE

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Financial year 2025 · closed on 30/09/2025
Net result
14,8 k €
+11.3% YoY
Gross margin
34,8 k €
+6.3% YoY
Equity
31,3 k €
+90.0% YoY

What does TSE do?

TSE is a Private limited company incorporated in 2020. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Eeklo.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0754.698.305
Incorporation
22/09/2020
Legal form
Private limited company
Registered office
Raamstraat 37
9900 Eeklo · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitablePositive 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 margin34,8 k €32,7 k €30,2 k €19,1 k €35,3 k €
EBITDA33,2 k €30,9 k €9,8 k €17,9 k €33,2 k €
Operating result26,8 k €24,8 k €3,8 k €6,2 k €4,9 k €
Net result14,8 k €13,3 k €-3,6 k €30,1 €1,7 k €
Balance sheet
Equity31,3 k €16,5 k €3,1 k €6,8 k €6,7 k €
Total assets211,6 k €206 k €211,5 k €234 k €248,1 k €
Cash386,1 €248,4 €73,4 €194,1 €950,5 €
Debts180,3 k €189,5 k €208,4 k €227,3 k €241,3 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 30/09/2025 · 1 active

Active mandates

Tom SERRIEN

Director · since 17 septembre 2020

Active
Annual accounts

Full financial information

20252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202117/09/2020
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/2021
Length of the financial year12 months12 months12 months12 months13 months
Filing date03/03/202615/05/202530/04/202428/04/202327/04/2022
General meeting25/02/202631/03/202509/03/202411/03/202312/03/2022
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 model30/09/202525/02/202603/03/2026DutchPDF
Micro model30/09/202431/03/202515/05/2025DutchPDF
Micro model30/09/202309/03/202430/04/2024DutchPDF
Micro model30/09/202211/03/202328/04/2023DutchPDF
Micro model30/09/202112/03/202227/04/2022DutchPDF
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 30/09/2025 · 1 active

Active mandates

Tom SERRIEN

Director · since 17 septembre 2020

Active
Shareholders

Ownership and network

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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 202514,8 k €↑
  2. 2024
    Annual accounts 202413,3 k €↑
  3. 2023
    Annual accounts 2023-3,6 k €↓
  4. 2022
    Annual accounts 202230,1 €↓
  5. 2021
    Annual accounts 20211,7 k €
  6. 22/09/2020
    IncorporationPrivate limited company