ACTIVE

TSE

Financial year 2025 · Closed on 30/06/2025

Net result747,4 €-93,9 %over 1 year

Gross margin3 k €-84,0 %over 1 year

Equity42,2 k €+1,8 %over 1 year

Identity

Source · BCE/KBO

TSE is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Aalst.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0820.849.236
Incorporation: 24/11/2009
Legal form: Private limited company
Registered office: Ninovesteenweg 185
9320 Aalst · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46431Wholesale of electrical household appliances 46431Wholesale of electrical household appliances 47400Retail sale of information and communication equipment in specialised stores 47430Retail sale of audio and video equipment in specialised stores+14

Contacts

1 public detail availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 15 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3 k €	-84.0%	18,6 k €	+12.0%	16,7 k €	+234%	5 k €	+256%	-3,2 k €
EBITDA	2,8 k €	-84.7%	18,5 k €	+12.2%	16,5 k €	+241%	4,8 k €	+244%	-3,4 k €
Operating result	1,3 k €	-92.1%	17 k €	+13.4%	15 k €	+348%	3,3 k €	+169%	-4,8 k €
Net result	747,4 €	-93.9%	12,2 k €	+5.3%	11,6 k €	+249%	3,3 k €	+167%	-4,9 k €
Balance sheet
Equity	42,2 k €	+1.8%	41,5 k €	+41.5%	29,3 k €	+65.1%	17,8 k €	+22.9%	14,4 k €
Total assets	161,9 k €	-1.2%	163,9 k €	-22.1%	210,3 k €	+84.9%	113,8 k €	-21.0%	144 k €
Cash	21,3 k €	-31.7%	31,3 k €	-41.2%	53,2 k €	+343%	12 k €	+3.9%	11,5 k €
Debts	119,5 k €	-2.2%	122,2 k €	-32.4%	180,8 k €	+88.7%	95,8 k €	-26.1%	129,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bert Van de Velde	DirectorAdministrator - manager24/11/2009 → 2021 accountsendedManager24/11/2009 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Heidi De Meeter	Manager30/06/2012 → 2012 accounts

Other companies at this address

Ninovesteenweg 185 9320 Aalst

Company	CBE no.
B2P● Active	0741.611.718
VDV PROJECTS● Active	0876.399.552

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/01/2026	27/01/2025	15/01/2024	23/12/2022	23/12/2021	26/01/2021
General meeting	31/12/2025	31/12/2024	15/12/2023	16/12/2022	17/12/2021	18/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	19/01/2026	Dutch	PDF
Micro model	30/06/2024	31/12/2024	27/01/2025	Dutch	PDF
Micro model	30/06/2023	15/12/2023	15/01/2024	Dutch	PDF
Micro model	30/06/2022	16/12/2022	23/12/2022	Dutch	PDF
Micro model	30/06/2021	17/12/2021	23/12/2021	Dutch	PDF
Micro model	30/06/2020	18/12/2020	26/01/2021	Dutch	PDF
Micro model	30/06/2019	31/12/2019	29/01/2020	Dutch	PDF
Micro model	30/06/2018	21/12/2018	28/12/2018	Dutch	PDF
Micro model	30/06/2017	06/10/2017	13/10/2017	Dutch	PDF
Abridged model	30/06/2016	16/12/2016	30/12/2016	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	29/12/2015	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	24/12/2014	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	23/01/2014	Dutch	PDF
Abridged model	30/06/2012	21/12/2012	31/12/2012	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	12/01/2012	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bert Van de Velde	DirectorAdministrator - manager24/11/2009 → 2021 accountsendedManager24/11/2009 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Heidi De Meeter	Manager30/06/2012 → 2012 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other09/03/2023
DOEL, BENAMING, WIJZIGING RECHTSVORM, STATUTEN
PDF
Mandates08/01/2014
Ontslag zaakvoerder
PDF
Mandates09/08/2012
Mandaat zaakvoerder + Benoeming zaakvoerder
PDF
Mandates08/08/2011
ONTSLAG ZAAKVOERDER + ADRESWIJZIGING MAATSCHAPPELIJKE
PDF
Other26/11/2009
OPRICHTING – BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

BERT VAN DE VELDE

Heidi De Meeter

200920102011201220132014201520162017201820192020202120222023202420252026

TSE

Ninovesteenweg 185, 9320 Erembodegem

DirectorAdministrator - managerManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ninovesteenweg 185, 9320 ErembodegemCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00011253

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TSECurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00011253
TSE GROUP	accounts 2022	Accounts 2022 · 2022-20547626

Events

2025
Annual accounts 2025747,4 €↓
2024
Annual accounts 202412,2 k €↑
2023
Annual accounts 202311,6 k €↑
2023
Name changeTSE
2022
Annual accounts 20223,3 k €↑
2021
Annual accounts 2021-4,9 k €↓
2020
Annual accounts 2020697 €↑
2019
Annual accounts 2019238 €↑
2018
Annual accounts 2018-14 €↓
2017
Annual accounts 201775,8 k €↑
2016
Annual accounts 2016-17,9 k €↓
2015
Annual accounts 2015-5,3 k €↑
2014
Annual accounts 2014-13,6 k €↑
2013
Annual accounts 2013-28,2 k €↓
2012
Annual accounts 2012-10,4 k €↓
2011
Annual accounts 2011-583 €
24/11/2009
IncorporationPrivate limited company

TSE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events