ACTIVE

TS Holding

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €-6,1 %over 1 year

Revenue10,7 M €+106,8 %over 1 year

Equity8,3 M €+16,9 %over 1 year

Workforce10,1 ETP+21,7 %over 1 year

Identity

Source · BCE/KBO

TS Holding is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Balen. It employs on average 10,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0841.822.814
Incorporation: 14/12/2011
Legal form: Public limited company
Registered office: Poeierstraat 14
2490 Balen · FlandreSee on map
Contributed capital: 8 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 10,1 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 71209Technical testing and analysis 71209Technical testing and analysis

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	10,7 M €	+107%	5,2 M €	+30.4%	4 M €	+41.5%	2,8 M €	+73.2%	1,6 M €
EBITDA	3 M €	+96.8%	1,5 M €	+43.0%	1,1 M €	+483%	182 k €	+80.0%	101,1 k €
Operating result	2,7 M €	+92.1%	1,4 M €	+46.7%	950,2 k €	+445%	174,4 k €	+161%	66,8 k €
Net result	1,2 M €	-6.1%	1,3 M €	+36.1%	945,3 k €	+442%	174,4 k €	+16.0%	150,3 k €
Balance sheet
Equity	8,3 M €	+16.9%	7,1 M €	+22.0%	5,8 M €	+19.3%	4,9 M €	+3.7%	4,7 M €
Total assets	53,5 M €	+128%	23,5 M €	+207%	7,6 M €	+34.2%	5,7 M €	+0.9%	5,6 M €
Cash	103,5 k €	+68.0%	61,6 k €	+75.3%	35,2 k €	-43.7%	62,4 k €	+70.7%	36,6 k €
Debts	45 M €	+178%	16,2 M €	+842%	1,7 M €	+117%	791,4 k €	-14.0%	920 k €
Other
Workforce	10,1 ETP	+21.7%	8,3 ETP	+7.8%	7,7 ETP	+18.5%	6,5 ETP	+6.6%	6,1 ETP

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 31/12/2025

2 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rienk DE VRIES	Managing director01/03/2022 → 01/03/2028Director19/12/2019 → 2020 accountsended
KINTANA MANAGEMENT0766.297.129Represented by Philippe Guldemont	Managing director14/06/2022 → 05/05/2028Director14/06/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Martijn PETIT	Managing director01/03/2022 → 2022 accounts
Nicolaas Nooren	Director19/02/2018 → 2019 accounts

Other companies at this address

Poeierstraat 14 2490 Balen

Company	CBE no.
Aellia Belgium● Active	0452.387.313
AELLIA VAT GROUP● Active	1039.861.873

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	29/07/2026	26/08/2025	18/07/2024	19/06/2023	14/06/2022	06/08/2021
General meeting	30/06/2026	02/05/2025	03/05/2024	25/05/2023	18/05/2022	15/07/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	29/07/2026	Dutch	PDF
Full model	31/12/2024	02/05/2025	26/08/2025	Dutch	PDF
Full model	31/12/2023	03/05/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	25/05/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	18/05/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	15/07/2021	06/08/2021	Dutch	PDF
Full model	31/12/2019	22/09/2020	15/10/2020	Dutch	PDF
Full model	31/12/2018	24/09/2019	30/09/2019	Dutch	PDF
Full model	31/12/2017	31/08/2018	04/09/2018	Dutch	PDF
Full model	31/12/2016	19/01/2018	31/01/2018	Dutch	PDF
Full model	31/12/2015	28/10/2016	22/02/2017	Dutch	PDF
Full model	31/12/2014	25/04/2016	02/06/2016	Dutch	PDF
Full model	31/12/2013	25/08/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	05/08/2013	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 31/12/2025

2 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rienk DE VRIES	Managing director01/03/2022 → 01/03/2028Director19/12/2019 → 2020 accountsended
KINTANA MANAGEMENT0766.297.129Represented by Philippe Guldemont	Managing director14/06/2022 → 05/05/2028Director14/06/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Martijn PETIT	Managing director01/03/2022 → 2022 accounts
Nicolaas Nooren	Director19/02/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/10/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other18/03/2025
DIVERSEN
PDF
Other25/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares31/01/2025
KAPITAAL - AANDELEN
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2022
ONTSLAGEN - 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

Filings14 filings

Mandates

KINTANA MANAGEMENT

Rienk DE VRIES

Martijn PETIT

Terickx

Nicolaas Nooren

CETP II Advisor TS I BVBA

CETP II Advisor TS I Sarl

CETP II Advisor TS II BVBA

CETP II Advisor TS II Sarl

Rudi Van Baelen

Dirk De Kée

HOOYBERGHS HANS

Show the 4 other mandates

201120122013201420152016201720182019202020212022202320242025202620272028

TS Holding

Poeierstraat 14, 2490 Balen

Managing director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Poeierstraat 14, 2490 BalenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00348747

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TS HoldingCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00348747

Events

2025
Annual accounts 20251,2 M €↓
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 2023945,3 k €↑
2022
Annual accounts 2022174,4 k €↑
2021
Annual accounts 2021150,3 k €↑
2020
Annual accounts 2020-85,4 €↓
2019
Annual accounts 2019921,7 k €↑
2018
Annual accounts 2018-271 k €↓
2017
Annual accounts 2017-755,4 €↑
2016
Annual accounts 2016-13,1 M €↓
2015
Annual accounts 2015-1,5 M €↑
2014
Annual accounts 2014-32,6 M €↓
2013
Annual accounts 2013-1,2 M €↓
2012
Annual accounts 2012-1,2 M €
14/12/2011
IncorporationPublic limited company

TS Holding

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