ACTIVE

TBFINANCE

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Financial year 2025 · closed on 30/06/2025

Net result

25,8 k €

+57.4% YoY

Gross margin

27,8 k €

-8.0% YoY

Equity

420,3 k €

+1.4% YoY

What does TBFINANCE do?

TBFINANCE is a Private limited company incorporated in 2011. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Floreffe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.430.037

Incorporation

03/02/2011

Legal form

Private limited company

Registered office

Rue François-Dache, Floriffoux 28
5150 Floreffe · WallonieSee on map

Contributed capital

20 460,00 €

Latest accounts

30/06/2025

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	27,8 k €	-8.0%	30,2 k €	+1.7%	29,7 k €	+349%	6,6 k €	-90.8%	71,9 k €	-19.5%	89,3 k €	-5.4%	94,4 k €	+1.6%	92,9 k €	+26.3%	73,6 k €	-20.1%	92,1 k €	+1.4%	90,8 k €	-0.1%	90,9 k €	-9.2%	100,2 k €	+5.5%	95 k €
EBITDA	26,9 k €	-8.3%	29,3 k €	+1.3%	29 k €	+398%	5,8 k €	-91.8%	70,7 k €	-20.1%	88,5 k €	-4.6%	92,8 k €	+1.0%	91,9 k €	+26.2%	72,8 k €	-20.1%	91,1 k €	+0.9%	90,3 k €	-3.4%	93,5 k €	-1.4%	94,9 k €	+0.6%	94,3 k €
Operating result	19,9 k €	-27.3%	27,3 k €	-5.7%	29 k €	+398%	5,8 k €	-91.8%	70,7 k €	-20.1%	88,5 k €	-4.6%	92,8 k €	+8.4%	85,6 k €	+28.6%	66,5 k €	-21.6%	84,8 k €	+1.0%	84 k €	-6.9%	90,2 k €	-3.2%	93,2 k €	+1.9%	91,5 k €
Net result	25,8 k €	+57.4%	16,4 k €	-2.2%	16,8 k €	+866%	1,7 k €	-96.0%	43,4 k €	-11.5%	49 k €	-9.6%	54,2 k €	+19.5%	45,3 k €	+40.2%	32,3 k €	-24.5%	42,8 k €	-26.8%	58,5 k €	-16.2%	69,7 k €	+52.8%	45,6 k €	+13.9%	40,1 k €
Balance sheet
Equity	420,3 k €	+1.4%	414,4 k €	-0.9%	418 k €	-0.8%	421,2 k €	-4.2%	439,5 k €	+10.9%	396,1 k €	+14.1%	347,1 k €	+18.5%	293 k €	+18.3%	247,7 k €	+15.0%	215,4 k €	+24.8%	172,5 k €	+51.2%	114,1 k €	+77.3%	64,3 k €	+66.3%	38,7 k €
Total assets	577,2 k €	-3.2%	596,4 k €	+1.1%	590,2 k €	+2.4%	576,2 k €	+1.8%	566,2 k €	-5.8%	601,1 k €	+4.3%	576,1 k €	+1.2%	569,2 k €	-1.1%	575,4 k €	-3.0%	593,4 k €	+0.9%	588 k €	-3.8%	611,3 k €	+1.5%	602,3 k €	+1.4%	594 k €
Cash	5,6 k €	-60.8%	14,3 k €	-16.6%	17,1 k €	+449%	3,1 k €	+2519%	118,7 €	+199%	39,7 €	+59.0%	25 €	-56.2%	57 €	+47.1%	38,7 €	-99.7%	11,8 k €	+39437%	29,8 €	-99.8%	15,2 k €	+75.4%	8,7 k €	-68.9%	27,9 k €
Debts	156,9 k €	-13.8%	182 k €	+5.7%	172,1 k €	+11.5%	154,4 k €	+21.9%	126,6 k €	-37.4%	202,4 k €	-11.1%	227,7 k €	-17.1%	274,8 k €	-16.1%	327,7 k €	-13.3%	377,9 k €	-9.0%	415,3 k €	-16.5%	497,1 k €	-6.9%	533,9 k €	-3.9%	555,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Thierry BETERMIER

Director · since 03 février 2012

Active

Ended mandates

Thierry BETERMIER

Manager · since 03 février 2012

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/01/2026	26/01/2025	29/01/2024	23/01/2023	28/01/2022	05/02/2021
General meeting	11/12/2025	12/12/2024	14/12/2023	08/12/2022	30/12/2021	10/12/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	11/12/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	12/12/2024	26/01/2025	French	PDF
Abridged model	30/06/2023	14/12/2023	29/01/2024	French	PDF
Abridged model	30/06/2022	08/12/2022	23/01/2023	French	PDF
Abridged model	30/06/2021	30/12/2021	28/01/2022	French	PDF
Abridged model	30/06/2020	10/12/2020	05/02/2021	French	PDF
Abridged model	30/06/2019	12/12/2019	24/01/2020	French	PDF
Abridged model	30/06/2018	13/12/2018	01/02/2019	French	PDF
Abridged model	30/06/2017	14/12/2017	31/01/2018	French	PDF
Abridged model	30/06/2016	04/02/2017	28/02/2017	French	PDF
Abridged model	30/06/2015	10/12/2015	18/02/2016	French	PDF
Abridged model	30/06/2014	11/12/2014	23/01/2015	French	PDF
Abridged model	30/06/2013	12/12/2013	10/02/2014	French	PDF
Abridged model	30/06/2012	13/12/2012	28/12/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 ended

Active mandates

Thierry BETERMIER

Director · since 03 février 2012

Active

Ended mandates

Thierry BETERMIER

Manager · since 03 février 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/11/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office15/04/2022
SIEGE SOCIAL
PDF
Mandates07/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/12/2015
DEMISSIONS, NOMINATIONS
PDF
Other15/02/2011
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 202525,8 k €↑
2024
Annual accounts 202416,4 k €↓
2023
Annual accounts 202316,8 k €↑
2022
Annual accounts 20221,7 k €↓
2021
Annual accounts 202143,4 k €↓
2020
Annual accounts 202049 k €↓
2019
Annual accounts 201954,2 k €↑
2018
Annual accounts 201845,3 k €↑
2017
Annual accounts 201732,3 k €↓
2016
Annual accounts 201642,8 k €↓
2015
Annual accounts 201558,5 k €↓
2014
Annual accounts 201469,7 k €↑
2013
Annual accounts 201345,6 k €↑
2012
Annual accounts 201240,1 k €
03/02/2011
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

TBFINANCE

Overview

What does TBFINANCE do?

Trend over 14 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