ACTIVE

TSVD

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Financial year 2025 · closed on 31/12/2025
Net result
190,8 k €
+49.6% YoY
Gross margin
371,7 k €
+31.3% YoY
Equity
424,6 k €
-24.0% YoY

What does TSVD do?

TSVD is a Private limited company incorporated in 2010. Its main activity is: Dental practice activities. Its registered office is in Tervuren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0825.293.024
Incorporation
21/04/2010
Legal form
Private limited company
Registered office
Stationsstraat 40
3080 Tervuren · FlandreSee on map
Contributed capital
100,00 €
Latest accounts
31/12/2025
Activities (NACE)
86230Dental practice activities· main86230Dental practice activities
Joint committees (2)
  • 330
  • 33004
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 14 financial years

20252024202320222021201920182017201620152014201320122011
Income statement
Gross margin371,7 k €283,2 k €251,9 k €239,4 k €334,3 k €225 k €176,9 k €168,7 k €138,6 k €102,2 k €93,3 k €78,3 k €61,4 k €76,6 k €
EBITDA322,2 k €234,1 k €206,6 k €200,3 k €287,1 k €193,6 k €154,2 k €126,2 k €118,3 k €98,6 k €90,4 k €75,6 k €58,6 k €71,2 k €
Operating result271,4 k €182,6 k €156,9 k €155,8 k €237,1 k €134,2 k €90,2 k €62,9 k €56,8 k €44,5 k €45,1 k €19,7 k €3,2 k €14,5 k €
Net result190,8 k €127,5 k €104,3 k €104,9 k €159,3 k €87,1 k €47 k €27,4 k €25,3 k €20,9 k €19,1 k €-4,9 k €-21,6 k €-14,7 k €
Balance sheet
Equity424,6 k €558,4 k €430,8 k €326,5 k €221,6 k €64,3 k €61,2 k €41 k €36,5 k €11,2 k €-9,7 k €-28,8 k €-23,9 k €-2,3 k €
Total assets660 k €723,3 k €644,2 k €591,4 k €573 k €492,7 k €487,9 k €520 k €566,1 k €545,8 k €499,2 k €531,6 k €581,4 k €634,1 k €
Cash185,4 k €336,7 k €344 k €287,8 k €253,4 k €113,5 k €54,3 k €27,6 k €35 k €39,5 k €11,6 k €8,1 k €4,9 k €14,4 k €
Debts235,4 k €164,9 k €213,3 k €264,9 k €351,2 k €428,4 k €426,6 k €478,8 k €529,6 k €534,6 k €508,9 k €558,7 k €605,3 k €636,5 k €
Other
Workforce––––––––0,6 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 · 2 ended

Active mandates

Stefanie Van Dessel

Director · since 21 avril 2010

Active

Ended mandates

Stefanie Van Dessel

Manager · since 21 avril 2010

Ended
Stefanie Van Dessel

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/09/2020
Length of the financial year12 months12 months12 months12 months15 months12 months
Filing date03/03/202613/03/202508/03/202409/05/202331/07/202211/02/2021
General meeting02/03/202613/03/202505/03/202408/05/202330/06/202201/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202502/03/202603/03/2026DutchPDF
Micro model31/12/202413/03/202513/03/2025DutchPDF
Micro model31/12/202305/03/202408/03/2024DutchPDF
Micro model31/12/202208/05/202309/05/2023DutchPDF
Micro model31/12/202130/06/202231/07/2022DutchPDF
Micro model30/09/202001/01/202111/02/2021DutchPDF
Micro model30/09/201903/01/202016/01/2020DutchPDF
Micro model30/09/201804/01/201931/01/2019DutchPDF
Micro model30/09/201705/01/201811/01/2018DutchPDF
Abridged model30/09/201616/11/201616/12/2016DutchPDF
Abridged model30/09/201504/01/201614/01/2016DutchPDF
Abridged model30/09/201402/01/201526/01/2015DutchPDF
Abridged model30/09/201328/02/201403/04/2014DutchPDF
Abridged model30/09/201228/02/201326/03/2013DutchPDF
Abridged model30/09/201129/02/201229/03/2012DutchPDF
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 · 2 ended

Active mandates

Stefanie Van Dessel

Director · since 21 avril 2010

Active

Ended mandates

Stefanie Van Dessel

Manager · since 21 avril 2010

Ended
Stefanie Van Dessel

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/04/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office27/08/2010
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other05/05/2010
    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 2025190,8 k €↑
  2. 2024
    Annual accounts 2024127,5 k €↑
  3. 2023
    Annual accounts 2023104,3 k €↓
  4. 2022
    Annual accounts 2022104,9 k €↓
  5. 2021
    Annual accounts 2021159,3 k €↑
  6. 2019
    Annual accounts 201987,1 k €↑
  7. 2018
    Annual accounts 201847 k €↑
  8. 2017
    Annual accounts 201727,4 k €↑
  9. 2016
    Annual accounts 201625,3 k €↑
  10. 2015
    Annual accounts 201520,9 k €↑
  11. 2014
    Annual accounts 201419,1 k €↑
  12. 2013
    Annual accounts 2013-4,9 k €↑
  13. 2012
    Annual accounts 2012-21,6 k €↓
  14. 2011
    Annual accounts 2011-14,7 k €
  15. 21/04/2010
    IncorporationPrivate limited company