ACTIVE

TSUBAKI

Financial year 2025 · closed on 31/12/2025
Net result
299,1 €
+102.4% YoY
Gross margin
-2,6 k €
-256.0% YoY
Equity
102 k €
+0.3% YoY

What does TSUBAKI do?

TSUBAKI is a Private company with limited liability incorporated in 2004. Its registered office is in Tervuren.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0863.733.926
Incorporation
01/03/2004
Legal form
Private company with limited liability
Registered office
Jan van Ruusbroeclaan 14
3080 Tervuren · FlandreSee on map
Contributed capital
120 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212013
Income statement
Gross margin-2,6 k €-736,3 €14,3 k €25,2 k €11,8 k €-13,1 k €
EBITDA-3 k €-1,1 k €1,3 k €23,7 k €10,3 k €-14 k €
Operating result-3 k €-15,9 k €-32,4 k €-26,5 k €-25,9 k €-45,2 k €
Net result299,1 €-12,3 k €-29,7 k €-24,4 k €-23,6 k €-27,1 k €
Balance sheet
Equity102 k €101,7 k €114,1 k €143,7 k €168,1 k €301,7 k €
Total assets108,7 k €111,1 k €140,1 k €166,6 k €181,7 k €402 k €
Cash12,7 k €16,6 k €30,6 k €41,6 k €26,7 k €11,3 k €
Debts3,2 k €2,6 k €21,5 k €19,4 k €10,4 k €96,2 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 31/12/2025 · 1 active · 3 ended

Active mandates

Thomas De Muynck

Director

Active

Ended mandates

Thomas De Muynck

Director · since 01 septembre 2013

Ended
Thomas De Muynck

Manager · since 01 septembre 2013

Ended
Dirk De Muynck

Manager · since 31 décembre 2010 · until 01 septembre 2013

Ended
Annual accounts

Full financial information

202520242023202220212013
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2013
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2013
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202614/04/202602/09/202412/07/202330/08/202216/09/2014
General meeting18/05/202627/03/202631/07/202430/06/202326/08/202205/09/2014
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/05/202604/06/2026DutchPDF
Micro model31/12/202427/03/202614/04/2026DutchPDF
Micro model31/12/202331/07/202402/09/2024DutchPDF
Micro model31/12/202230/06/202312/07/2023DutchPDF
Micro model31/12/202126/08/202230/08/2022DutchPDF
Abridged model31/12/201305/09/201416/09/2014DutchPDF
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 31/12/2025 · 1 active · 3 ended

Active mandates

Thomas De Muynck

Director

Active

Ended mandates

Thomas De Muynck

Director · since 01 septembre 2013

Ended
Thomas De Muynck

Manager · since 01 septembre 2013

Ended
Dirk De Muynck

Manager · since 31 décembre 2010 · until 01 septembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office30/01/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/10/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/09/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office26/01/2011
    BENAMING - MAATSCHAPPELIJKE ZETEL - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates11/01/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/09/2006
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/03/2004
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025299,1 €
  2. 2024
    Annual accounts 2024-12,3 k €
  3. 2023
    Annual accounts 2023-29,7 k €
  4. 2022
    Annual accounts 2022-24,4 k €
  5. 2021
    Annual accounts 2021-23,6 k €
  6. 2013
    Annual accounts 2013-27,1 k €
  7. 01/03/2004
    IncorporationPrivate company with limited liability