ACTIVE

TJOVAN

Financial year 2025 · closed on 31/12/2025
Net result
187,4 k €
-18.8% YoY
Gross margin
1,7 M €
+0.8% YoY
Equity
577,2 k €
+48.1% YoY
Workforce
19,7 ETP
-1.5% YoY

What does TJOVAN do?

TJOVAN is a Private limited company incorporated in 2021. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Ninove. It employs on average 19,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0771.916.892
Incorporation
02/08/2021
Legal form
Private limited company
Registered office
Brakelsesteenweg 460
9400 Ninove · FlandreSee on map
Contributed capital
16 490,29 €
Latest accounts
31/12/2025
Average workforce
19,7 ETP
Joint committees (3)
  • 118
  • 11803
  • 201
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin1,7 M €1,7 M €1,3 M €1,9 M €
EBITDA585,2 k €575,3 k €275,6 k €377,6 k €
Operating result308,7 k €342,2 k €79,5 k €179,6 k €
Net result187,4 k €230,7 k €36,1 k €146,6 k €
Balance sheet
Equity577,2 k €389,8 k €199,2 k €163,1 k €
Total assets2,1 M €2 M €1,5 M €1,4 M €
Cash358,9 k €318,7 k €275,6 k €313,9 k €
Debts1,5 M €1,6 M €1,3 M €1,2 M €
Other
Workforce19,7 ETP20,0 ETP20,2 ETP23,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

HOLDING FRANCOIS

Director · 0882.460.270

Represented by Ivan FRANÇOIS

Active

Ended mandates

HOLDING FRANCOIS

Director · 0882.460.270

Represented by Ivan François

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202302/08/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months17 months
Filing date31/07/202630/07/202531/07/202412/07/2023
General meeting30/06/202630/06/202530/06/202430/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/07/2026DutchPDF
Abridged model31/12/202430/06/202530/07/2025DutchPDF
Abridged model31/12/202330/06/202431/07/2024DutchPDF
Abridged model31/12/202230/06/202312/07/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 ended

Active mandates

HOLDING FRANCOIS

Director · 0882.460.270

Represented by Ivan FRANÇOIS

Active

Ended mandates

HOLDING FRANCOIS

Director · 0882.460.270

Represented by Ivan François

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring31/03/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring31/03/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/12/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Restructuring22/12/2021
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other04/08/2021
    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. 2025
    Annual accounts 2025187,4 k €
  2. 2024
    Annual accounts 2024230,7 k €
  3. 2023
    Annual accounts 202336,1 k €
  4. 2022
    Annual accounts 2022146,6 k €
  5. 02/08/2021
    IncorporationPrivate limited company