ACTIVE

TGL

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Financial year 2025 · closed on 31/12/2025

Net result

123,1 k €

-15.8% YoY

Gross margin

3 M €

+7.4% YoY

Equity

830 k €

+18.9% YoY

Workforce

40,9 ETP

+2.8% YoY

What does TGL do?

TGL is a Private limited company incorporated in 2011. Its registered office is in Theux. It employs on average 40,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.470.581

Incorporation

01/07/2011

Legal form

Private limited company

Registered office

Rue Armand Enkart 64
4910 Theux · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

40,9 ETP

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	3 M €	+7.4%	2,8 M €	+0.0%	2,8 M €	+9.2%	2,6 M €	+36.5%	1,9 M €	+83.1%	1 M €	+69.6%	611,6 k €	+29.8%	471,1 k €	+5.0%	448,8 k €	+18.6%	378,3 k €	+19.1%	317,7 k €	+7.9%	294,5 k €	+411%	57,7 k €
EBITDA	683,7 k €	+23.1%	555,6 k €	+36.5%	406,9 k €	-12.8%	466,4 k €	+18.2%	394,6 k €	+31.3%	300,4 k €	+39.8%	214,9 k €	+28.9%	166,7 k €	+4.2%	160,1 k €	+26.3%	126,8 k €	+146%	51,6 k €	+120%	23,4 k €	+509%	3,8 k €
Operating result	252,3 k €	+14.4%	220,5 k €	+53.9%	143,3 k €	-4.8%	150,6 k €	+47.0%	102,5 k €	+307%	25,2 k €	+36.5%	18,4 k €	-45.5%	33,9 k €	+261%	9,4 k €	-80.0%	46,8 k €	+570%	7 k €	+151%	-13,8 k €	-466%	3,8 k €
Net result	123,1 k €	-15.8%	146,1 k €	+14.9%	127,2 k €	+31.2%	96,9 k €	-0.4%	97,3 k €	+347%	21,8 k €	+84.0%	11,8 k €	-38.2%	19,1 k €	-27.9%	26,5 k €	-50.6%	53,7 k €	+66243%	80,9 €	-97.1%	2,8 k €	+14.3%	2,5 k €
Balance sheet
Equity	830 k €	+18.9%	698,2 k €	+26.1%	553,6 k €	+29.4%	427,9 k €	+28.7%	332,5 k €	+104%	162,8 k €	+14.6%	142,1 k €	+15.3%	123,3 k €	+18.4%	104,1 k €	+34.1%	77,6 k €	+224%	24 k €	+0.3%	23,9 k €	+13.4%	21,1 k €
Total assets	4 M €	-3.2%	4,2 M €	+44.8%	2,9 M €	+15.3%	2,5 M €	+10.5%	2,3 M €	+60.3%	1,4 M €	-5.3%	1,5 M €	+62.0%	916,7 k €	-10.2%	1 M €	+40.2%	728,1 k €	+210%	235 k €	-3.6%	243,8 k €	+75.3%	139,1 k €
Cash	64,3 k €	+343%	14,5 k €	-70.3%	48,8 k €	+28.3%	38,1 k €	+227%	11,6 k €	-34.2%	17,7 k €	-70.2%	59,2 k €	+78.8%	33,1 k €	-16.3%	39,6 k €	+65.2%	24 k €	+34.2%	17,8 k €	+17.9%	15,1 k €	+647%	2 k €
Debts	3,2 M €	-7.7%	3,5 M €	+49.2%	2,3 M €	+12.4%	2,1 M €	+7.4%	1,9 M €	+54.5%	1,2 M €	-7.4%	1,3 M €	+70.5%	787,8 k €	-13.9%	914,7 k €	+40.8%	649,5 k €	+215%	206,4 k €	-3.7%	214,3 k €	+82.1%	117,7 k €
Other
Workforce	40,9 ETP	+2.8%	39,8 ETP	-4.3%	41,6 ETP	+3.0%	40,4 ETP	+25.5%	32,2 ETP	+109%	15,4 ETP	+75.0%	8,8 ETP	+31.3%	6,7 ETP	+3.1%	6,5 ETP	+14.0%	5,7 ETP	-13.6%	6,6 ETP	-22.4%	8,5 ETP	+372%	1,8 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 · 2 active · 8 ended

Active mandates

Arnaud DESSART

Director · since 25 avril 2023 · until 27 novembre 2025

Active

Vincent GOTTA

Director · since 26 juin 2017

Active

Ended mandates

Arnaud DESSART

Director · since 25 avril 2023

Ended

Vincent GOTTA

Manager · since 26 juin 2017

Ended

William FABRY

Director · since 26 juin 2017 · until 31 mars 2023

Ended

William FABRY

Director · since 26 juin 2017

Ended

At this address

Other companies at this address

Company	CBE no.
ZIMMO● Active	0436.270.267

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	24/07/2025	31/07/2024	15/06/2023	28/06/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	26/05/2023	27/05/2022	28/05/2021
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	31/12/2025	26/06/2026	27/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	24/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	15/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	28/06/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	28/06/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	03/07/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	18/07/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	09/07/2012	French	PDF

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 · 2 active · 8 ended

Active mandates

Arnaud DESSART

Director · since 25 avril 2023 · until 27 novembre 2025

Active

Vincent GOTTA

Director · since 26 juin 2017

Active

Ended mandates

Arnaud DESSART

Director · since 25 avril 2023

Ended

Vincent GOTTA

Manager · since 26 juin 2017

Ended

William FABRY

Director · since 26 juin 2017 · until 31 mars 2023

Ended

William FABRY

Director · since 26 juin 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates06/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office18/07/2016
SIEGE SOCIAL
PDF
Other05/07/2011
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 2025123,1 k €↓
2024
Annual accounts 2024146,1 k €↑
2023
Annual accounts 2023127,2 k €↑
2022
Annual accounts 202296,9 k €↓
2021
Annual accounts 202197,3 k €↑
2018
Annual accounts 201821,8 k €↑
2017
Annual accounts 201711,8 k €↓
2016
Annual accounts 201619,1 k €↓
2015
Annual accounts 201526,5 k €↓
2014
Annual accounts 201453,7 k €↑
2013
Annual accounts 201380,9 €↓
2012
Annual accounts 20122,8 k €↑
2011
Annual accounts 20112,5 k €
01/07/2011
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

TGL

Overview

What does TGL do?

Trend over 13 financial years

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