ACTIVE

TCM INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

-606,1 k €

-479.6% YoY

Gross margin

404,9 k €

-7.1% YoY

Equity

1,4 M €

-30.3% YoY

What does TCM INVEST do?

TCM INVEST is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.230.501

Incorporation

14/04/2008

Legal form

Private limited company

Registered office

Avenue Arnaud Fraiteur 15-23
1050 Ixelles · BruxellesSee on map

Contributed capital

485 560,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	404,9 k €	-7.1%	435,8 k €	+37.5%	316,9 k €	+39.7%	226,9 k €	-32.2%	334,9 k €	+16.1%	288,4 k €	+166%	108,5 k €	-6.0%	115,4 k €	-29.5%	163,7 k €	+48.5%	110,2 k €	-37.0%	175 k €	-25.1%	233,6 k €	+90.8%	122,4 k €	-16.1%	145,9 k €	+98.4%	73,6 k €	+66.4%	44,2 k €	+47.2%	30 k €
EBITDA	399 k €	-7.7%	432,4 k €	+43.0%	302,5 k €	+39.7%	216,5 k €	-33.6%	326,2 k €	+14.2%	285,6 k €	+179%	102,3 k €	-10.4%	114,1 k €	-28.8%	160,2 k €	+74.1%	92 k €	-46.9%	173,4 k €	-25.7%	233,3 k €	+30.2%	179,2 k €	+126%	79,4 k €	+13.5%	70 k €	+63.8%	42,7 k €	+43.9%	29,7 k €
Operating result	247,4 k €	-13.1%	284,8 k €	+47.6%	192,9 k €	+395%	39 k €	-80.5%	200,3 k €	+8.0%	185,6 k €	+1206%	14,2 k €	-22.1%	18,2 k €	-72.8%	67 k €	+357%	14,6 k €	-84.9%	96,7 k €	-5.3%	102,1 k €	+5.8%	96,6 k €	+176%	35 k €	-29.9%	50 k €	+64.3%	30,4 k €	+28.7%	23,6 k €
Net result	-606,1 k €	-480%	159,6 k €	+426%	30,3 k €	+101%	-3,5 M €	-1562%	237,6 k €	+179%	85,2 k €	-91.4%	996,1 k €	+1046%	-105,3 k €	-509%	25,7 k €	-87.5%	206,2 k €	+5559%	3,6 k €	-85.3%	24,8 k €	+72.3%	14,4 k €	+156%	-25,5 k €	-185%	30,1 k €	+198%	10,1 k €	+5.7%	9,5 k €
Balance sheet
Equity	1,4 M €	-30.3%	2 M €	-6.7%	2,1 M €	+1.4%	2,1 M €	-64.0%	5,9 M €	+1028%	519,3 k €	+385%	107 k €	+1009%	9,6 k €	-52.8%	20,5 k €	0.0%	20,5 k €	-57.9%	48,6 k €	+8.1%	45 k €	-1.4%	45,6 k €	+76.8%	25,8 k €	-49.8%	51,3 k €	+112%	24,2 k €	+62.2%	14,9 k €
Total assets	3,3 M €	-19.2%	4,1 M €	+5.4%	3,8 M €	-4.1%	4 M €	-46.9%	7,5 M €	+20.0%	6,3 M €	+56.1%	4 M €	+125%	1,8 M €	+0.3%	1,8 M €	-12.1%	2 M €	-14.9%	2,4 M €	-3.2%	2,5 M €	+12.6%	2,2 M €	+89.2%	1,2 M €	+124%	516,3 k €	+25.1%	412,8 k €	+0.5%	410,7 k €
Cash	21,3 k €	+16.6%	18,3 k €	-91.7%	220,9 k €	+1199%	17 k €	-47.4%	32,3 k €	-77.7%	145,1 k €	+818%	15,8 k €	-77.7%	70,9 k €	+10678%	657,5 €		–		8,6 k €	-82.9%	50,4 k €	-18.2%	61,6 k €	+193%	21 k €	-14.0%	24,4 k €	+200%	8,1 k €	-56.7%	18,8 k €
Debts	1,4 M €	-12.4%	1,6 M €	+25.2%	1,3 M €	-11.9%	1,5 M €	+12.3%	1,3 M €	-75.6%	5,4 M €	+52.4%	3,5 M €	+154%	1,4 M €	+2.1%	1,4 M €	-15.3%	1,6 M €	-16.8%	1,9 M €	-4.0%	2 M €	+16.0%	1,7 M €	+62.4%	1,1 M €	+130%	464,9 k €	+19.7%	388,5 k €	-1.4%	394,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

CAROLINE GINION

Director

Active

MAX FORTPIED

Director

Active

Ended mandates

Caroline Ginion

Manager

Ended

FISCAL TEAM LXB SARL

Associate

Represented by Max Fortpied

Ended

Max FORTPIED

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	22/05/2025	21/08/2024	15/09/2023	29/08/2022	09/11/2021
General meeting	13/05/2026	28/02/2025	19/08/2024	30/06/2023	21/06/2022	30/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/05/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	28/02/2025	22/05/2025	French	PDF
Abridged model	31/12/2023	19/08/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	15/09/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	09/11/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	01/07/2019	French	PDF
Abridged model	31/12/2017	31/03/2018	30/04/2018	French	PDF
Micro modelCorrection	31/12/2016	30/05/2017	27/06/2017	French	PDF
Micro model	31/12/2016	30/05/2017	12/06/2017	French	PDF
Abridged model	31/12/2015	07/04/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	06/03/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	27/05/2014	French	PDF
Abridged model	31/12/2012	25/03/2013	04/04/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	12/06/2011	20/06/2011	French	PDF
Abridged model	31/12/2009	06/02/2010	06/02/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	21/08/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

CAROLINE GINION

Director

Active

MAX FORTPIED

Director

Active

Ended mandates

Caroline Ginion

Manager

Ended

FISCAL TEAM LXB SARL

Associate

Represented by Max Fortpied

Ended

Max FORTPIED

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Restructuring20/01/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring14/10/2020
MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares16/08/2019
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates29/12/2016
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 2025-606,1 k €↓
2024
Annual accounts 2024159,6 k €↑
2023
Annual accounts 202330,3 k €↑
2022
Annual accounts 2022-3,5 M €↓
2021
Annual accounts 2021237,6 k €↑
2019
Annual accounts 201985,2 k €↓
2018
Annual accounts 2018996,1 k €↑
2017
Annual accounts 2017-105,3 k €↓
2016
Annual accounts 201625,7 k €↓
2015
Annual accounts 2015206,2 k €↑
2014
Annual accounts 20143,6 k €↓
2013
Annual accounts 201324,8 k €↑
2012
Annual accounts 201214,4 k €↑
2011
Annual accounts 2011-25,5 k €↓
2010
Annual accounts 201030,1 k €↑
2009
Annual accounts 200910,1 k €↑
2008
Annual accounts 20089,5 k €
14/04/2008
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

TCM INVEST

Overview

What does TCM INVEST do?

Trend over 17 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