ACTIVE

TMS CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

5,8 k €

-33.8% YoY

Gross margin

106,3 k €

-1.8% YoY

Equity

143,5 k €

+4.2% YoY

What does TMS CONSTRUCT do?

TMS CONSTRUCT is a Private limited company incorporated in 2012. Its main activity is: Joinery installation. Its registered office is in Ans.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0846.022.518

Incorporation

18/05/2012

Legal form

Private limited company

Registered office

Avenue de l'Energie 17
4432 Ans · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 47781Other retail sale of new goods in specialised stores 47990Other retail sale not in stores, stalls or markets 43230Electrical, plumbing and other construction installation activities 43291Other construction installation+2

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	106,3 k €	-1.8%	108,3 k €	-60.1%	271,3 k €	+161%	103,9 k €	+56.0%	66,6 k €	-3.3%	68,9 k €	+112%	32,4 k €	+26.8%	25,6 k €	-31.8%	37,5 k €	+92.2%	19,5 k €	-37.3%	31,1 k €	+242%	9,1 k €	+378%	1,9 k €	-84.1%	12 k €
EBITDA	42 k €	-4.2%	43,8 k €	-79.3%	211,9 k €	+207%	69,1 k €	+55.4%	44,5 k €	+151%	17,7 k €	+6.6%	16,6 k €	+268%	4,5 k €	-69.7%	14,8 k €	+0.2%	14,8 k €	-28.5%	20,7 k €	+441%	3,8 k €	+621%	531,9 €	-95.4%	11,6 k €
Operating result	22,2 k €	+8.6%	20,5 k €	-89.3%	190,9 k €	+241%	56 k €	+46.6%	38,2 k €	+162%	14,6 k €	-0.6%	14,7 k €	+346%	3,3 k €	-72.2%	11,8 k €	+722%	1,4 k €	-91.2%	16,4 k €	+5627%	285,7 €	+113%	-2,2 k €	-120%	11 k €
Net result	5,8 k €	-33.8%	8,7 k €	-39.8%	14,4 k €	-61.7%	37,7 k €	+48.5%	25,4 k €	+619%	3,5 k €	-62.9%	9,5 k €	+692%	1,2 k €	-84.7%	7,8 k €	+467%	-2,1 k €	-120%	10,4 k €	+812%	-1,5 k €	+50.0%	-2,9 k €	-141%	7,1 k €
Balance sheet
Equity	143,5 k €	+4.2%	137,8 k €	+6.7%	129,1 k €	+12.6%	114,7 k €	+48.9%	77 k €	+49.1%	51,7 k €	+7.3%	48,1 k €	+24.6%	38,6 k €	+3.2%	37,4 k €	+26.4%	29,6 k €	+13.3%	26,1 k €	+66.2%	15,7 k €	-8.5%	17,2 k €	-14.5%	20,1 k €
Total assets	728,1 k €	+96.3%	371 k €	-3.9%	385,8 k €	+6.5%	362,1 k €	+55.9%	232,3 k €	+37.2%	169,4 k €	+47.2%	115,1 k €	-17.7%	139,8 k €	+28.6%	108,7 k €	+5.6%	103 k €	+45.7%	70,7 k €	-24.2%	93,2 k €	+123%	41,9 k €	-52.4%	88 k €
Cash	172,5 k €	+109%	82,4 k €	-18.4%	101 k €	+187%	35,2 k €	+85.4%	19 k €	-11.1%	21,3 k €	+67.6%	12,7 k €	-17.1%	15,4 k €	-18.6%	18,9 k €	+27.6%	14,8 k €	+479%	2,6 k €	-89.4%	24 k €	+2210%	1 k €	-5.3%	1,1 k €
Debts	584,5 k €	+151%	233,2 k €	-8.8%	255,7 k €	+33.3%	191,8 k €	+23.5%	155,3 k €	+32.0%	117,6 k €	+75.9%	66,9 k €	-33.9%	101,2 k €	+42.0%	71,3 k €	-2.6%	73,2 k €	+64.4%	44,5 k €	-6.9%	47,8 k €	+93.7%	24,7 k €	-63.7%	67,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,3 ETP	+50.0%	0,2 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 31/12/2025 · 6 active · 14 ended

Active mandates

Mariyan RADIN

Associate · since 06 septembre 2023

Active

Kiril EFTIMOV

Associate · since 29 septembre 2022

Active

Nikola TSANOV

Associate · since 25 septembre 2022

Active

Ventsislav NAKEV

Associate · since 09 janvier 2020

Active

Dimitar HRISTOV

Director · since 01 octobre 2014

Active

Houcine EL KAROUNI

Director · since 03 mai 2012

Active

Ended mandates

Andrey ALIPIEV

Associate · since 20 octobre 2018 · until 24 septembre 2022

Ended

Ventsislav HRISTOV

Associate · since 20 octobre 2018 · until 24 septembre 2022

Ended

Houcine EL KAROUNI

Manager · since 01 octobre 2014

Ended

Dimitar HRISTOV DONCHEV

Manager · since 08 février 2013

Ended

At this address

Other companies at this address

Company	CBE no.
ELEC DESIGN● Active	0888.672.329
PRORENOV● Active	0897.899.405

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	04/07/2025	18/07/2024	04/07/2023	31/08/2022	24/09/2021
General meeting	25/08/2026	27/06/2025	09/07/2024	30/06/2023	24/06/2022	25/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/08/2026	31/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	04/07/2025	French	PDF
Micro model	31/12/2023	09/07/2024	18/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	04/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	24/09/2021	French	PDF
Micro model	31/12/2019	26/06/2020	07/09/2020	French	PDF
Micro model	31/12/2018	28/06/2019	31/08/2019	French	PDF
Micro model	31/12/2017	29/06/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	09/09/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	03/10/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	09/09/2014	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 31/12/2025 · 6 active · 14 ended

Active mandates

Mariyan RADIN

Associate · since 06 septembre 2023

Active

Kiril EFTIMOV

Associate · since 29 septembre 2022

Active

Nikola TSANOV

Associate · since 25 septembre 2022

Active

Ventsislav NAKEV

Associate · since 09 janvier 2020

Active

Dimitar HRISTOV

Director · since 01 octobre 2014

Active

Houcine EL KAROUNI

Director · since 03 mai 2012

Active

Ended mandates

Andrey ALIPIEV

Associate · since 20 octobre 2018 · until 24 septembre 2022

Ended

Ventsislav HRISTOV

Associate · since 20 octobre 2018 · until 24 septembre 2022

Ended

Houcine EL KAROUNI

Manager · since 01 octobre 2014

Ended

Dimitar HRISTOV DONCHEV

Manager · since 08 février 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/10/2024
SIEGE SOCIAL
PDF
Mandates21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/04/2023
CAPITAL, ACTIONS
PDF
Mandates23/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2013
DEMISSIONS, NOMINATIONS
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 20255,8 k €↓
2024
Annual accounts 20248,7 k €↓
2023
Annual accounts 202314,4 k €↓
2022
Annual accounts 202237,7 k €↑
2021
Annual accounts 202125,4 k €↑
2020
Annual accounts 20203,5 k €↓
2019
Annual accounts 20199,5 k €↑
2018
Annual accounts 20181,2 k €↓
2017
Annual accounts 20177,8 k €↑
2016
Annual accounts 2016-2,1 k €↓
2015
Annual accounts 201510,4 k €↑
2014
Annual accounts 2014-1,5 k €↑
2013
Annual accounts 2013-2,9 k €↓
2012
Annual accounts 20127,1 k €
18/05/2012
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

TMS CONSTRUCT

Overview

What does TMS CONSTRUCT do?

Trend over 14 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