ACTIVE

TENSING

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Financial year 2025 · closed on 31/12/2025

Net result

-4,0 k €

-111.4% YoY

Gross margin

3,2 k €

-94.0% YoY

Equity

43,2 k €

-8.4% YoY

What does TENSING do?

TENSING is a Private limited company incorporated in 2007. Its main activity is: Gambling and betting activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.074.248

Incorporation

25/10/2007

Legal form

Private limited company

Registered office

Avenue des Coccinelles 5
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

8 060,00 €

Latest accounts

31/12/2025

Activities (NACE)

92724Gambling and betting activities· main 93299Other amusement and recreation activities 93299Other amusement and recreation activities 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities+10

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	3,2 k €	-94.0%	52,6 k €	+240%	15,5 k €	+229%	4,7 k €	-27.6%	6,5 k €	+830%	-891,9 €	-104%	20,7 k €	-9.6%	22,9 k €	+177%	-30,0 k €	-227%	23,7 k €	+74.6%	13,5 k €	+170%	-19,4 k €	-162%	31,5 k €	+163%	12,0 k €	-16.7%	14,4 k €	-39.2%	23,7 k €	-18.3%	29,0 k €	+60.8%	18,0 k €
EBITDA	2,5 k €	-95.2%	51,6 k €	+276%	13,7 k €	+249%	3,9 k €	-29.2%	5,5 k €	+349%	-2,2 k €	-111%	20,0 k €	-6.4%	21,3 k €	+170%	-30,3 k €	-232%	23,0 k €	+77.1%	13,0 k €	+165%	-19,9 k €	-165%	30,6 k €	+196%	10,3 k €	-23.8%	13,6 k €	-38.8%	22,2 k €	-20.7%	28,0 k €	+56.0%	17,9 k €
Operating result	-2,5 k €	-106%	45,9 k €	+485%	7,8 k €	+381%	-2,8 k €	-564%	601,3 €	+107%	-8,1 k €	-155%	14,8 k €	+9.4%	13,5 k €	+136%	-37,2 k €	-339%	15,5 k €	+102%	7,7 k €	+130%	-25,7 k €	-240%	18,4 k €	+945%	-2,2 k €	-165%	3,4 k €	-81.7%	18,4 k €	-26.5%	25,0 k €	+56.3%	16,0 k €
Net result	-4,0 k €	-111%	34,8 k €	+976%	3,2 k €	+216%	-2,8 k €	-624%	533,3 €	+107%	-8,1 k €	-159%	13,7 k €	+3.6%	13,2 k €	+135%	-37,5 k €	-426%	11,5 k €	+66.5%	6,9 k €	+128%	-24,5 k €	-244%	17,1 k €	+628%	-3,2 k €	-338%	1,4 k €	-89.5%	12,9 k €	-25.7%	17,3 k €	+105%	8,5 k €
Balance sheet
Equity	43,2 k €	-8.4%	47,2 k €	+280%	12,4 k €	+35.3%	9,2 k €	-23.4%	12,0 k €	+4.7%	11,4 k €	-41.5%	19,5 k €	+233%	5,9 k €	+180%	-7,3 k €	-124%	30,2 k €	+61.7%	18,7 k €	+58.9%	11,7 k €	-67.6%	36,3 k €	+6.1%	34,2 k €	-8.6%	37,4 k €	+3.8%	36,1 k €	+50.3%	24,0 k €	+261%	6,7 k €
Total assets	59,5 k €	-41.0%	100,8 k €	+9.1%	92,4 k €	+39.6%	66,2 k €	-52.5%	139,4 k €	-20.8%	176,0 k €	+4.6%	168,2 k €	+75.5%	95,9 k €	+55.2%	61,8 k €	-44.3%	110,9 k €	+41.1%	78,6 k €	+101%	39,1 k €	-40.4%	65,7 k €	-8.7%	71,9 k €	+7.2%	67,1 k €	+38.3%	48,5 k €	+27.1%	38,2 k €	+39.4%	27,4 k €
Cash	54,0 k €	-28.3%	75,4 k €	+77.0%	42,6 k €	+349%	9,5 k €	-80.8%	49,4 k €	-24.7%	65,6 k €	+29.1%	50,8 k €	+76.8%	28,7 k €	+1210%	2,2 k €	-97.3%	80,7 k €	+151%	32,1 k €	+2540%	1,2 k €	-96.0%	30,4 k €	+164%	11,5 k €	+80.9%	6,4 k €	-61.1%	16,4 k €	+290%	4,2 k €	+130%	1,8 k €
Debts	16,3 k €	-69.7%	53,7 k €	-32.9%	80,0 k €	+40.3%	57,1 k €	-55.2%	127,4 k €	-22.6%	164,5 k €	+11.3%	147,9 k €	+64.3%	90,0 k €	+30.3%	69,1 k €	-14.5%	80,8 k €	+34.7%	59,9 k €	+119%	27,4 k €	-1.5%	27,8 k €	-22.7%	36,0 k €	+26.0%	28,6 k €	+131%	12,3 k €	-8.2%	13,5 k €	-34.4%	20,5 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 · 6 ended

Active mandates

Jean-François de Maere d'Aertrycke

Director · since 23 octobre 2007

Active

Ended mandates

FRANCOIS DE MAERE D'AERTRYCKE JEAN

Director · since 25 octobre 2007

Ended

Jean-François de MAERE d'AERTRYCKE

Manager · since 23 octobre 2007

Ended

Jean-François de Maere

Administrator - manager

Ended

Jean-François de MAERE d'AERTRYCKE

Manager

Ended

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	29/07/2026	10/06/2025	30/08/2024	07/08/2023	24/08/2022	31/08/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	29/07/2026	French	PDF
Micro model	31/12/2024	02/06/2025	10/06/2025	French	PDF
Micro model	31/12/2023	03/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	05/06/2023	07/08/2023	French	PDF
Micro model	31/12/2021	06/06/2022	24/08/2022	French	PDF
Micro model	31/12/2020	07/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	01/06/2020	31/10/2020	French	PDF
Micro model	31/12/2018	03/06/2019	31/08/2019	French	PDF
Micro model	31/12/2017	23/08/2018	28/08/2018	French	PDF
Micro model	31/12/2016	06/06/2017	18/09/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	29/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	02/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	28/08/2009	French	PDF

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 · 6 ended

Active mandates

Jean-François de Maere d'Aertrycke

Director · since 23 octobre 2007

Active

Ended mandates

FRANCOIS DE MAERE D'AERTRYCKE JEAN

Director · since 25 octobre 2007

Ended

Jean-François de MAERE d'AERTRYCKE

Manager · since 23 octobre 2007

Ended

Jean-François de Maere

Administrator - manager

Ended

Jean-François de MAERE d'AERTRYCKE

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-4,0 k €↓
2024
Annual accounts 202434,8 k €↑
2023
Annual accounts 20233,2 k €↑
2022
Annual accounts 2022-2,8 k €↓
2021
Annual accounts 2021533,3 €↑
2020
Annual accounts 2020-8,1 k €↓
2019
Annual accounts 201913,7 k €↑
2018
Annual accounts 201813,2 k €↑
2017
Annual accounts 2017-37,5 k €↓
2016
Annual accounts 201611,5 k €↑
2015
Annual accounts 20156,9 k €↑
2014
Annual accounts 2014-24,5 k €↓
2013
Annual accounts 201317,1 k €↑
2012
Annual accounts 2012-3,2 k €↓
2011
Annual accounts 20111,4 k €↓
2010
Annual accounts 201012,9 k €↓
2009
Annual accounts 200917,3 k €↑
2008
Annual accounts 20088,5 k €
25/10/2007
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

TENSING

Overview

What does TENSING do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline