TSM
0894.231.617 · rovalta.com · 22/09/2026
NORMAL SITUATION
TSM
Financial year 2025 · closed on 18/12/2025
Equity
12 k €
0.0% YoY
Company — Normal situation.
Overview
What does TSM do?
TSM is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0894.231.617
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
18/12/2025
Signals
Solid equity
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | – | 87,1 € | +101% | -14,8 k € | -112% | -7 k € | +66.0% | -20,6 k € | -115% | 133,7 k € | +476% | -35,6 k € | -234% | -10,6 k € | +23.4% | -13,9 k € | -397% | -2,8 k € | +86.6% | -20,9 k € | -948% | -2 k € | -117% | 11,4 k € | -26.6% | 15,6 k € | -72.0% | 55,6 k € | -41.9% | 95,7 k € | +8.9% | 87,9 k € | -26.0% | 118,8 k € | -50.0% | 237,7 k € | |
| EBITDA | – | -6,1 k € | +82.9% | -35,5 k € | -345% | -8 k € | +63.1% | -21,6 k € | -116% | 132,8 k € | +473% | -35,6 k € | -234% | -10,6 k € | +23.4% | -13,9 k € | -381% | -2,9 k € | +86.2% | -20,9 k € | -797% | -2,3 k € | -121% | 11,4 k € | -26.7% | 15,5 k € | -71.7% | 54,7 k € | -42.5% | 95,2 k € | +9.0% | 87,4 k € | -26.2% | 118,3 k € | -50.2% | 237,4 k € | |
| Operating result | – | -6,1 k € | +82.9% | -35,5 k € | -182% | -12,6 k € | +45.8% | -23,2 k € | -120% | 115,3 k € | +313% | -54,2 k € | -74.7% | -31,1 k € | -87.5% | -16,6 k € | -150% | -6,6 k € | +68.3% | -20,9 k € | +1.0% | -21,1 k € | -3816% | -540 € | -104% | 14,9 k € | -69.5% | 49 k € | -40.9% | 82,8 k € | +10.7% | 74,8 k € | -29.2% | 105,7 k € | -51.3% | 217,1 k € | |
| Net result | – | -6,1 k € | +83.2% | -36,1 k € | -142% | -14,9 k € | +40.6% | -25,2 k € | -124% | 106,6 k € | +244% | -74,2 k € | -386% | -15,3 k € | +12.5% | -17,5 k € | -126% | -7,7 k € | +64.5% | -21,8 k € | +22.5% | -28,1 k € | -424% | 8,7 k € | +1161% | -815,8 € | -101% | 67,3 k € | +22.5% | 55 k € | +64.1% | 33,5 k € | +81.3% | 18,5 k € | -91.5% | 216,4 k € | |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 12 k € | 0.0% | 12 k € | -33.6% | 18,1 k € | -66.7% | 54,1 k € | -21.6% | 69,1 k € | -26.7% | 94,2 k € | +859% | -12,4 k € | -120% | 61,8 k € | -19.8% | 77,1 k € | -18.5% | 94,6 k € | -7.6% | 102,3 k € | -8.4% | 111,7 k € | -20.1% | 139,8 k € | +6.6% | 131,1 k € | -0.6% | 131,9 k € | +104% | 64,6 k € | -13.4% | 74,6 k € | -69.1% | 241,1 k € | +8.3% | 222,6 k € |
| Total assets | 12 k € | -75.4% | 48,6 k € | -25.4% | 65,2 k € | -82.0% | 362,3 k € | -13.3% | 417,8 k € | -7.6% | 452 k € | -64.9% | 1,3 M € | -8.4% | 1,4 M € | +6.9% | 1,3 M € | +143% | 541,6 k € | +3.2% | 524,7 k € | +106% | 254,5 k € | -30.1% | 364 k € | +0.7% | 361,3 k € | -22.8% | 468,1 k € | +19.6% | 391,3 k € | +6.4% | 367,9 k € | -3.6% | 381,6 k € | -0.2% | 382,5 k € |
| Cash | 2,2 k € | -94.2% | 38,9 k € | +1064% | 3,3 k € | +74.9% | 1,9 k € | -94.5% | 34,6 k € | +277% | 9,2 k € | -96.4% | 255,5 k € | -14.8% | 299,8 k € | +17.1% | 256 k € | +6700% | 3,8 k € | -26.4% | 5,1 k € | -87.2% | 39,9 k € | -75.6% | 163,2 k € | -22.1% | 209,5 k € | +13.1% | 185,2 k € | +188% | 64,3 k € | +124% | 28,7 k € | +2430% | 1,1 k € | -94.7% | 21,3 k € |
| Debts | – | 36,6 k € | -22.3% | 47,1 k € | -84.7% | 308,1 k € | -11.6% | 348,7 k € | -2.5% | 357,7 k € | -72.5% | 1,3 M € | -3.2% | 1,3 M € | +8.6% | 1,2 M € | +177% | 447 k € | +5.8% | 422,4 k € | +196% | 142,8 k € | -34.8% | 219 k € | -2.6% | 224,9 k € | -32.4% | 332,6 k € | +1.8% | 326,7 k € | +11.4% | 293,2 k € | +109% | 140,4 k € | -12.1% | 159,8 k € | |
Governance
Board of directors
Seen on filing of 18/12/2025 · 1 active · 4 ended
Active mandates
GUY SCHEPERS
ActiveEnded mandates
Gertrude Driesen
EndedGertrude Driesen
EndedGuy Schepers
EndedGertrude Driesen
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2025 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 17/12/2025 | 01/07/2025 | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 |
| Closing of the financial year | 18/12/2025 | 16/12/2025 | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 |
| Length of the financial year | 1 months | 6 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 10/04/2026 | 10/04/2026 | 22/09/2025 | 02/12/2024 | 27/11/2023 | 21/12/2022 |
| General meeting | 18/12/2025 | 16/12/2025 | 18/09/2025 | 29/11/2024 | 24/11/2023 | 25/11/2022 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 18/12/2025 | 18/12/2025 | 10/04/2026 | Dutch | |
| Micro model | 16/12/2025 | 16/12/2025 | 10/04/2026 | Dutch | |
| Micro model | 30/06/2025 | 18/09/2025 | 22/09/2025 | Dutch | |
| Micro model | 30/06/2024 | 29/11/2024 | 02/12/2024 | Dutch | |
| Micro model | 30/06/2023 | 24/11/2023 | 27/11/2023 | Dutch | |
| Micro model | 30/06/2022 | 25/11/2022 | 21/12/2022 | Dutch | |
| Micro model | 30/06/2021 | 26/11/2021 | 21/12/2021 | Dutch | |
| Micro model | 30/06/2020 | 27/11/2020 | 17/12/2020 | Dutch | |
| Abridged model | 30/06/2019 | 29/11/2019 | 10/12/2019 | Dutch | |
| Micro model | 30/06/2018 | 30/11/2018 | 14/12/2018 | Dutch | |
| Micro model | 30/06/2017 | 24/11/2017 | 06/12/2017 | Dutch | |
| Abridged model | 30/06/2016 | 25/11/2016 | 06/01/2017 | Dutch | |
| Abridged model | 30/06/2015 | 27/11/2015 | 16/12/2015 | Dutch | |
| Abridged model | 30/06/2014 | 28/11/2014 | 17/12/2014 | Dutch | |
| Abridged model | 30/06/2013 | 29/11/2013 | 19/12/2013 | Dutch | |
| Abridged model | 30/06/2012 | 30/11/2012 | 23/01/2013 | Dutch | |
| Abridged model | 30/06/2011 | 25/11/2011 | 21/12/2011 | Dutch | |
| Abridged model | 30/06/2010 | 26/11/2010 | 29/11/2010 | Dutch | |
| Abridged model | 30/06/2009 | 27/11/2009 | 10/12/2009 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 18/12/2025 · 1 active · 4 ended
Active mandates
GUY SCHEPERS
ActiveEnded mandates
Gertrude Driesen
EndedGertrude Driesen
EndedGuy Schepers
EndedGertrude Driesen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025
- 2025Annual accounts 2025-6,1 k €↑
- 2025Annual accounts 2025-36,1 k €↓
- 2024Annual accounts 2024-14,9 k €↑
- 2023Annual accounts 2023-25,2 k €↓
- 2022Annual accounts 2022106,6 k €↑
- 2021Annual accounts 2021-74,2 k €↓
- 2020Annual accounts 2020-15,3 k €↑
- 2019Annual accounts 2019-17,5 k €↓
- 2018Annual accounts 2018-7,7 k €↑
- 2017Annual accounts 2017-21,8 k €↑
- 2016Annual accounts 2016-28,1 k €↓
- 2015Annual accounts 20158,7 k €↑
- 2014Annual accounts 2014-815,8 €↓
- 2013Annual accounts 201367,3 k €↑
- 2012Annual accounts 201255 k €↑
- 2011Annual accounts 201133,5 k €↑
- 2010Annual accounts 201018,5 k €↓
- 2009Annual accounts 2009216,4 k €