ACTIVE

TARBAZ

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Financial year 2025 · closed on 30/06/2025

Net result

1,2 k €

-97.9% YoY

Gross margin

215,5 k €

-30.7% YoY

Equity

419,5 k €

+0.3% YoY

What does TARBAZ do?

TARBAZ is a Private limited company incorporated in 2012. Its registered office is in Courcelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.825.953

Incorporation

29/03/2012

Legal form

Private limited company

Registered office

Rue Paul Hulin(CO) 49
6180 Courcelles · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	215,5 k €	-30.7%	311,2 k €	-10.1%	346,2 k €	-12.1%	393,8 k €	-21.4%	501,1 k €	+24.5%	402,4 k €	+14.0%	352,9 k €	+15.6%	305,2 k €	+78.3%	171,1 k €	-3.2%	176,9 k €	+45.1%	121,9 k €	+13.4%	107,5 k €	+32.2%	81,3 k €
EBITDA	46,2 k €	-65.4%	133,6 k €	+2028%	6,3 k €	-94.2%	108,2 k €	-37.1%	172,2 k €	+169%	64 k €	-42.0%	110,3 k €	-31.6%	161,4 k €	+21.1%	133,3 k €	-4.3%	139,3 k €	+73.1%	80,5 k €	+48.2%	54,3 k €	+293%	13,8 k €
Operating result	30 k €	-75.0%	120,3 k €	+3073%	-4 k €	-104%	92,8 k €	-38.8%	151,7 k €	+1022%	13,5 k €	-79.0%	64,4 k €	-43.9%	114,8 k €	+27.9%	89,8 k €	+39.4%	64,4 k €	-13.5%	74,5 k €	+62.9%	45,7 k €	+268%	12,4 k €
Net result	1,2 k €	-97.9%	57,3 k €	+190%	-63,7 k €	-226%	50,6 k €	-19.5%	62,9 k €	+358%	-24,4 k €	-145%	54,1 k €	+68.8%	32 k €	-42.2%	55,5 k €	+1.2%	54,8 k €	+21.0%	45,3 k €	+20.4%	37,6 k €	+208%	12,2 k €
Balance sheet
Equity	419,5 k €	+0.3%	418,3 k €	+15.9%	361 k €	-9.7%	399,7 k €	+14.5%	349,1 k €	+22.0%	286,3 k €	-7.9%	310,7 k €	+21.1%	256,6 k €	+14.3%	224,5 k €	+32.8%	169,1 k €	+48.0%	114,2 k €	+65.7%	68,9 k €	+124%	30,8 k €
Total assets	1,3 M €	-5.4%	1,4 M €	-6.4%	1,5 M €	+3.2%	1,5 M €	-8.6%	1,6 M €	+16.8%	1,4 M €	+5.5%	1,3 M €	+17.7%	1,1 M €	+18.9%	925,4 k €	+12.1%	825,4 k €	+214%	262,9 k €	+93.8%	135,6 k €	+289%	34,9 k €
Cash	40,2 k €	+30.0%	30,9 k €	-13.3%	35,7 k €	-51.6%	73,8 k €	+25.6%	58,7 k €	-44.2%	105,3 k €	+81.7%	57,9 k €	-7.1%	62,4 k €	+5.6%	59,1 k €	+6920%	841,4 €	-97.7%	36,7 k €	+123%	16,5 k €	+220%	5,1 k €
Debts	914,1 k €	-7.8%	991,5 k €	-13.4%	1,1 M €	+8.0%	1,1 M €	-15.0%	1,2 M €	+15.4%	1,1 M €	+9.7%	984,7 k €	+16.7%	843,8 k €	+20.4%	700,9 k €	+6.8%	656,4 k €	+341%	148,7 k €	+123%	66,7 k €	+1551%	4 k €
Other
Workforce	–		142 344,5 ETP		–		7,6 ETP		–		8,0 ETP	0.0%	8,0 ETP	+100%	4,0 ETP	+122%	1,8 ETP	0.0%	1,8 ETP	-55.0%	4,0 ETP	-33.3%	6,0 ETP	0.0%	6,0 ETP

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 30/06/2024 · 1 active · 4 ended

Active mandates

DÜZGÜN HOLDING

Mandate · 0766.816.672

Active

Ended mandates

EYICIKLI DERYA

Administrator - manager · since 29 mars 2012

Ended

GOKTEPE HAKAN

Administrator - manager · since 29 mars 2012

Ended

YETIS MEHMET

Administrator - manager · since 29 mars 2012

Ended

DÜZGÜN HOLDING

Director · 0766.816.672

Represented by Tarik Duzgun

Ended

At this address

Other companies at this address

Company	CBE no.
DÜZGÜN HOLDING● Active	0766.816.672
HABANA● Active	0476.295.338
TARBAZ UNITE TVA● Active	0798.935.352

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	17/06/2026	18/02/2025	22/02/2024	28/09/2022	01/07/2022	31/03/2021
General meeting	11/12/2025	14/09/2024	18/09/2023	20/09/2022	21/09/2021	26/02/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	11/12/2025	17/06/2026	French	PDF
Abridged model	30/06/2024	14/09/2024	18/02/2025	French	PDF
Abridged model	30/06/2023	18/09/2023	22/02/2024	French	PDF
Abridged model	30/06/2022	20/09/2022	28/09/2022	French	PDF
Micro model	30/06/2021	21/09/2021	01/07/2022	French	PDF
Abridged model	30/06/2020	26/02/2021	31/03/2021	French	PDF
Abridged model	30/06/2019	20/12/2019	28/02/2020	French	PDF
Abridged model	30/06/2018	20/12/2018	27/02/2019	French	PDF
Abridged model	30/06/2017	20/12/2017	20/02/2018	French	PDF
Abridged model	30/06/2016	30/06/2016	21/02/2017	French	PDF
Abridged model	30/06/2015	30/09/2015	26/02/2016	French	PDF
Abridged model	30/06/2014	03/12/2014	29/12/2014	French	PDF
Abridged model	30/06/2013	12/07/2013	31/07/2013	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 30/06/2024 · 1 active · 4 ended

Active mandates

DÜZGÜN HOLDING

Mandate · 0766.816.672

Active

Ended mandates

EYICIKLI DERYA

Administrator - manager · since 29 mars 2012

Ended

GOKTEPE HAKAN

Administrator - manager · since 29 mars 2012

Ended

YETIS MEHMET

Administrator - manager · since 29 mars 2012

Ended

DÜZGÜN HOLDING

Director · 0766.816.672

Represented by Tarik Duzgun

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2021
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office21/10/2021
SIEGE SOCIAL
PDF
Registered office12/04/2017
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Other19/09/2013
OBJET
PDF
Other11/04/2012
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 20251,2 k €↓
2024
Annual accounts 202457,3 k €↑
2023
Annual accounts 2023-63,7 k €↓
2022
Annual accounts 202250,6 k €↓
2021
Annual accounts 202162,9 k €↑
2020
Annual accounts 2020-24,4 k €↓
2019
Annual accounts 201954,1 k €↑
2018
Annual accounts 201832 k €↓
2017
Annual accounts 201755,5 k €↑
2016
Annual accounts 201654,8 k €↑
2015
Annual accounts 201545,3 k €↑
2014
Annual accounts 201437,6 k €↑
2013
Annual accounts 201312,2 k €
29/03/2012
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

TARBAZ

Overview

What does TARBAZ 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