ACTIVE

TAMBULA

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Financial year 2025 · closed on 30/06/2025

Net result

3,9 k €

-98.0% YoY

Gross margin

354,5 k €

+22.1% YoY

Equity

976,9 k €

-0.2% YoY

What does TAMBULA do?

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

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.000.773

Incorporation

27/11/2009

Legal form

Private limited company

Registered office

Avenue Le Nôtre (André) 25
1410 Waterloo · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	354,5 k €	+22.1%	290,2 k €	-0.6%	292 k €	-15.4%	345,3 k €	-23.2%	449,5 k €	+127%	198,3 k €	-17.8%	241,1 k €	-43.3%	425,1 k €	+93.5%	219,7 k €	-3.0%	226,4 k €	+3.0%	219,7 k €	+7.4%	204,7 k €	-6.1%	218 k €	-7.1%	234,7 k €	+74.5%	134,5 k €
EBITDA	337,6 k €	+25.8%	268,3 k €	-2.1%	274,1 k €	-16.5%	328,3 k €	-26.0%	443,7 k €	+134%	189,6 k €	-10.5%	211,8 k €	-48.6%	412,3 k €	+99.6%	206,6 k €	-3.2%	213,5 k €	-0.3%	214,1 k €	+20.3%	178 k €	-14.2%	207,6 k €	-8.8%	227,7 k €	+70.9%	133,2 k €
Operating result	152,7 k €	-0.6%	153,7 k €	-2.4%	157,4 k €	-22.9%	204,1 k €	-34.0%	309 k €	+464%	54,8 k €	-46.4%	102,2 k €	-70.0%	340,3 k €	+167%	127,4 k €	-0.7%	128,3 k €	-12.2%	146,1 k €	+41.0%	103,6 k €	-30.4%	148,9 k €	+26.2%	117,9 k €	+7.9%	109,3 k €
Net result	3,9 k €	-98.0%	197 k €	+494%	33,2 k €	-58.4%	79,8 k €	-78.6%	372,6 k €	+1039%	-39,7 k €	-985%	-3,7 k €	-102%	164,7 k €	+534%	26 k €	-17.7%	31,6 k €	-12.3%	36 k €	+566%	-7,7 k €	-129%	26,7 k €	+411%	5,2 k €	-93.3%	78,1 k €
Balance sheet
Equity	976,9 k €	-0.2%	979 k €	+24.7%	785 k €	+3.6%	757,8 k €	+10.8%	684 k €	+294%	173,4 k €	-18.6%	213,1 k €	-1.7%	216,8 k €	+181%	77,1 k €	+1.3%	76,1 k €	+9.5%	69,5 k €	+18.8%	58,5 k €	-11.7%	66,2 k €	+67.6%	39,5 k €	+15.2%	34,3 k €
Total assets	3,9 M €	+7.3%	3,7 M €	+3.7%	3,5 M €	-2.4%	3,6 M €	-3.5%	3,8 M €	+4.7%	3,6 M €	-3.5%	3,7 M €	+53.6%	2,4 M €	+13.9%	2,1 M €	-0.2%	2,1 M €	-0.9%	2,1 M €	+1.4%	2,1 M €	-1.4%	2,1 M €	-0.8%	2,2 M €	+297%	546,4 k €
Cash	51,1 k €	-65.8%	149,3 k €	-44.1%	267,1 k €	+8.8%	245,6 k €	-46.7%	461,1 k €	+100%	230,6 k €	-66.6%	691,4 k €	+9065%	7,5 k €	-15.7%	8,9 k €	-0.1%	9 k €	-20.4%	11,3 k €	+95.9%	5,7 k €	+101%	2,9 k €	-30.9%	4,1 k €	-87.2%	32,3 k €
Debts	1,5 M €	+23.9%	1,2 M €	-3.8%	1,2 M €	-7.7%	1,3 M €	-12.7%	1,5 M €	-17.7%	1,9 M €	-4.6%	1,9 M €	+207%	634 k €	+16.9%	542,3 k €	+0.2%	541,2 k €	-12.5%	618,4 k €	+9.4%	565,1 k €	+22.2%	462,6 k €	-8.6%	506,3 k €	+315%	122,1 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 30/06/2025 · 1 active · 2 ended

Active mandates

SERGE CABAY

Director · since 20 mars 2024

Active

Ended mandates

SERGE CABAY

Director

Ended

SERGE CABAY

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	03/02/2026	03/02/2025	09/02/2024	10/02/2023	02/02/2022	01/02/2021
General meeting	20/01/2026	28/01/2025	22/01/2024	26/01/2023	21/01/2022	21/01/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	20/01/2026	03/02/2026	French	PDF
Abridged model	30/06/2024	28/01/2025	03/02/2025	French	PDF
Micro model	30/06/2023	22/01/2024	09/02/2024	French	PDF
Micro model	30/06/2022	26/01/2023	10/02/2023	French	PDF
Micro model	30/06/2021	21/01/2022	02/02/2022	French	PDF
Micro model	30/06/2020	21/01/2021	01/02/2021	French	PDF
Micro model	30/06/2019	29/01/2020	20/02/2020	French	PDF
Micro model	30/06/2018	16/01/2019	28/01/2019	French	PDF
Abridged model	30/06/2017	29/01/2018	31/01/2018	French	PDF
Abridged model	30/06/2016	31/01/2017	20/02/2017	French	PDF
Abridged model	30/06/2015	12/01/2016	04/02/2016	French	PDF
Abridged model	30/06/2014	12/01/2015	29/01/2015	French	PDF
Abridged model	30/06/2013	10/02/2014	28/02/2014	French	PDF
Abridged model	30/06/2012	04/02/2013	26/02/2013	French	PDF
Abridged model	30/06/2011	09/02/2012	23/02/2012	French	PDF

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 30/06/2025 · 1 active · 2 ended

Active mandates

SERGE CABAY

Director · since 20 mars 2024

Active

Ended mandates

SERGE CABAY

Director

Ended

SERGE CABAY

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring28/11/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates22/03/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other19/10/2017
OBJET
PDF
Other09/12/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 20253,9 k €↓
2024
Annual accounts 2024197 k €↑
2023
Annual accounts 202333,2 k €↓
2022
Annual accounts 202279,8 k €↓
2021
Annual accounts 2021372,6 k €↑
2020
Annual accounts 2020-39,7 k €↓
2019
Annual accounts 2019-3,7 k €↓
2018
Annual accounts 2018164,7 k €↑
2017
Annual accounts 201726 k €↓
2016
Annual accounts 201631,6 k €↓
2015
Annual accounts 201536 k €↑
2014
Annual accounts 2014-7,7 k €↓
2013
Annual accounts 201326,7 k €↑
2012
Annual accounts 20125,2 k €↓
2011
Annual accounts 201178,1 k €
27/11/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TAMBULA

Overview

What does TAMBULA do?

Trend over 15 financial years

Indicative valuation

Board of directors

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