ACTIVE

TMS International Belgium

Financial year 2025 · Closed on 31/12/2025

Net result474,2 k €+15,4 %over 1 year
Revenue3,3 M €-5,9 %over 1 year
Equity1,3 M €-24,0 %over 1 year
Workforce19,8 ETP-4,8 %over 1 year

Identity

Source · BCE/KBO

TMS International Belgium is a Private limited company incorporated in 2007. Its registered office is in Gent. It employs on average 19,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0886.724.312
Incorporation
25/01/2007
Legal form
Private limited company
Registered office
Ottergemsesteenweg-Zuid 808 box 202
9000 Gent · FlandreSee on map
Contributed capital
1 300 000,00 €
Latest accounts
31/12/2025
Average workforce
19,8 ETP
Joint committees (3)
  • 111
  • 11101
  • 209
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue3,3 M €3,5 M €4,1 M €4,1 M €4 M €
EBITDA782,3 k €732,7 k €901,7 k €743,5 k €657,1 k €
Operating result666,9 k €581,1 k €723,1 k €577 k €493,9 k €
Net result474,2 k €410,8 k €511,7 k €407,7 k €339,5 k €
Balance sheet
Equity1,3 M €1,7 M €2,2 M €1,7 M €2,1 M €
Total assets4,4 M €3,1 M €3 M €3,2 M €2,7 M €
Cash509,4 k €652,5 k €329,2 k €637,1 k €313 k €
Debts3,1 M €1,4 M €834,5 k €1,5 M €685,3 k €
Other
Workforce19,8 ETP20,8 ETP24,1 ETP31,5 ETP35,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 23 ended

Active mandates

Marc Quetstroey

Director · since 09 février 2024

Active
Michael A. Costa

Director · since 01 octobre 2021

Active
Caitlin Gifford

Director · since 16 mars 2019

Active

Ended mandates

Caitlin R. Gifford

Mandate · since 16 mars 2019

Ended
Caitlin R. Gifford

Director · since 16 mars 2019

Ended
Jonathan Fingeret

Director · since 01 juillet 2015 · until 15 mars 2019

Ended
Jonathan Fingeret

Manager · since 01 juillet 2015 · until 15 mars 2019

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/04/202627/05/202530/05/202417/05/202320/05/202210/05/2021
General meeting27/04/202628/04/202529/04/202424/04/202325/04/202226/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/04/202628/04/2026DutchPDF
Full model31/12/202428/04/202527/05/2025DutchPDF
Full model31/12/202329/04/202430/05/2024DutchPDF
Full model31/12/202224/04/202317/05/2023DutchPDF
Full model31/12/202125/04/202220/05/2022DutchPDF
Full model31/12/202026/04/202110/05/2021DutchPDF
Full model31/12/201927/04/202006/10/2020DutchPDF
Full model31/12/201829/04/201924/09/2019DutchPDF
Full model31/12/201730/04/201829/05/2018DutchPDF
Full model31/12/201624/04/201715/05/2017DutchPDF
Full model31/12/201516/05/201616/06/2016DutchPDF
Full model31/12/201422/05/201518/06/2015DutchPDF
Full model31/12/201330/05/201419/06/2014DutchPDF
Full model31/12/201229/04/201327/05/2013DutchPDF
Full modelCorrection31/12/201104/05/201230/10/2012DutchPDF
Full model31/12/201104/05/201212/06/2012DutchPDF
Full model31/12/201025/04/201125/05/2011DutchPDF
Full model31/12/200908/06/201021/06/2010DutchPDF
Full model31/12/200815/04/200912/05/2009DutchPDF
Full model31/12/200728/04/200811/06/2008DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 23 ended

Active mandates

Marc Quetstroey

Director · since 09 février 2024

Active
Michael A. Costa

Director · since 01 octobre 2021

Active
Caitlin Gifford

Director · since 16 mars 2019

Active

Ended mandates

Caitlin R. Gifford

Mandate · since 16 mars 2019

Ended
Caitlin R. Gifford

Director · since 16 mars 2019

Ended
Jonathan Fingeret

Director · since 01 juillet 2015 · until 15 mars 2019

Ended
Jonathan Fingeret

Manager · since 01 juillet 2015 · until 15 mars 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates16/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/06/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/03/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates31/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/05/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates03/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025474,2 k €↑
  2. 2024
    Annual accounts 2024410,8 k €↓
  3. 2023
    Annual accounts 2023511,7 k €↑
  4. 2022
    Annual accounts 2022407,7 k €↑
  5. 2021
    Annual accounts 2021339,5 k €↓
  6. 2020
    Annual accounts 2020780,7 k €↑
  7. 2019
    Annual accounts 2019344,7 k €↓
  8. 2018
    Annual accounts 2018885,4 k €↑
  9. 2017
    Annual accounts 2017773,1 k €↑
  10. 2016
    Annual accounts 2016112,2 k €↑
  11. 2015
    Annual accounts 2015-153,8 k €↑
  12. 2014
    Annual accounts 2014-181,1 k €↑
  13. 2013
    Annual accounts 2013-657,1 k €↓
  14. 2012
    Annual accounts 2012-83,1 k €↓
  15. 2011
    Annual accounts 2011-68,3 k €↓
  16. 2010
    Annual accounts 2010-18,5 k €↑
  17. 2009
    Annual accounts 2009-222,8 k €↓
  18. 2008
    Annual accounts 2008-115,8 k €↓
  19. 2007
    Annual accounts 2007-390,6 €
  20. 25/01/2007
    IncorporationPrivate limited company