ACTIVE

TTI Belgium

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Financial year 2024 · closed on 31/12/2024
Net result
40,1 k €
-6.8% YoY
Gross margin
540,9 k €
+7.0% YoY
Equity
171,8 k €
+30.4% YoY
Workforce
4,8 ETP
0.0% YoY

What does TTI Belgium do?

TTI Belgium is a Public limited company incorporated in 2021. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Gent. It employs on average 4,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0770.249.185
Incorporation
23/06/2021
Legal form
Public limited company
Registered office
Oktrooiplein 1
9000 Gent · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2024
Average workforce
4,8 ETP
Activities (NACE)
46180Agents specialised in the sale of other particular products· main46500Wholesale of information and communication equipment46520Wholesale of electronic and telecommunications equipment and parts70200Management consultancy activities
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2024202320222021
Income statement
Gross margin540,9 k €505,7 k €343,1 k €-39 k €
EBITDA70,7 k €67,3 k €85,1 k €-39 k €
Operating result69,1 k €65,7 k €84,6 k €-39 k €
Net result40,1 k €43 k €66,9 k €-39,7 k €
Balance sheet
Equity171,8 k €131,8 k €88,8 k €21,8 k €
Total assets214,6 k €172,8 k €505,3 k €71,8 k €
Cash45,1 k €51,3 k €45,1 k €60,8 k €
Debts31,2 k €34,1 k €416,5 k €31,4 k €
Other
Workforce4,8 ETP4,8 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 1 ended

Active mandates

Sven Lippert

Director · since 01 mai 2023 · until 30 juin 2028

Active
Glyn Patrick Dennehy

Director · since 23 juin 2021 · until 30 juin 2027

Active

Ended mandates

Klaus Widmann

Director · since 23 juin 2021 · until 30 juin 2027

Ended
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Annual accounts

Full financial information

2024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202223/06/2021
Closing of the financial year31/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months7 months
Filing date27/06/202503/07/202426/07/202318/07/2022
General meeting16/06/202520/06/202430/06/202330/06/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202416/06/202527/06/2025DutchPDF
Abridged model31/12/202320/06/202403/07/2024DutchPDF
Abridged model31/12/202230/06/202326/07/2023DutchPDF
Abridged modelCorrection31/12/202130/06/202218/07/2022DutchPDF
Abridged model31/12/202130/06/202212/07/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 2 active · 1 ended

Active mandates

Sven Lippert

Director · since 01 mai 2023 · until 30 juin 2028

Active
Glyn Patrick Dennehy

Director · since 23 juin 2021 · until 30 juin 2027

Active

Ended mandates

Klaus Widmann

Director · since 23 juin 2021 · until 30 juin 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/08/2026
    Herbenoeming van een bestuurder
    PDF
  • Mandates30/08/2024
    Herbenoeming van de commissaris
    PDF
  • Mandates11/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/06/2021
    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. 2024
    Annual accounts 202440,1 k €↓
  2. 2023
    Annual accounts 202343 k €↓
  3. 2022
    Annual accounts 202266,9 k €↑
  4. 2021
    Annual accounts 2021-39,7 k €
  5. 23/06/2021
    IncorporationPublic limited company