TESET (0434.036.792): financials and annual accounts

TESET

Butgenbach ·KBO/BCE: BE 0434.036.792

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	21,071	36,880	70,530	80,028	292,185	299,746	387,051	760,305	741,607	945,741	973,010	3.9m	4.1m	4.2m	4.2m	4.4m	4.6m	4.6m	4.7m	3.6m
Fixed assets`21/28`	-	1,362	1,362	1,362	1,467	1,467	1,467	146,678	176,729	204,503	255,781	3.3m	3.3m	3.4m	3.4m	3.5m	3.5m	3.6m	3.6m	2.7m
Tangible fixed assets`22/27`	-	1,362	1,362	1,362	1,362	1,362	1,362	146,572	176,624	204,398	255,675	310,268	391,222	472,172	483,123	540,304	566,255	635,545	681,669	745,904
Land and buildings`22`	-	1,362	1,362	1,362	1,362	1,362	1,362	125,572	148,624	169,398	213,675	261,268	335,222	409,172	483,123	540,304	566,255	635,545	681,669	745,904
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	21,000	28,000	35,000	42,000	49,000	56,000	63,000	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	105	105	105	105	105	105	105	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	2.0m
Current assets`29/58`	21,071	35,518	69,169	78,667	290,717	298,278	385,584	613,627	564,878	741,238	717,229	672,654	756,762	764,344	804,204	906,266	1.1m	1.0m	1.1m	859,449
Amounts receivable within one year`40/41`	-	9,047	6,543	6,543	6,543	6,543	0	514,298	492,262	617,186	599,015	567,139	696,406	668,307	734,643	848,414	935,269	915,065	962,938	537,336
Trade receivables`40`	-	-	-	-	-	-	-	-	-	-	9,637	2,990	144,811	133,919	134,619	133,919	257,105	239,156	215,452	140,189
Other amounts receivable`41`	-	9,047	6,543	6,543	6,543	6,543	0	514,298	492,262	617,186	589,378	564,150	551,595	534,387	600,024	714,495	678,164	675,909	747,486	397,147
Cash at bank and in hand`54/58`	21,071	26,471	62,626	72,124	284,174	291,735	385,584	99,330	72,616	124,052	110,282	105,514	60,356	91,080	69,561	57,205	127,310	103,177	107,441	319,045
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	7,932	-	-	4,958	-	647	551	17,917	2,606	3,068
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	21,071	36,880	70,530	80,028	292,185	299,746	387,051	760,305	741,607	945,741	973,010	3.9m	4.1m	4.2m	4.2m	4.4m	4.6m	4.6m	4.7m	3.6m
Equity`10/15`	-273,691	-285,420	-256,987	-232,255	-214,196	-206,264	-173,122	-590,829	-607,147	-675,245	-653,627	-686,658	-524,849	-478,083	-434,840	-419,425	-378,019	-355,289	-316,937	-225,313
Contributions`10/11`	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m
Capital`10`	1.0m	1.0m	1.0m	1.0m	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m
Reserves`13`	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100
Non-distributable reserves`130/1`	35,100	35,100	35,100	35,100	35,100	35,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100	35,100
Profit (loss) carried forward`14`	-1.3m	-1.4m	-1.3m	-1.3m	-1.3m	-1.3m	-1.2m	-1.7m	-1.7m	-1.8m	-1.7m	-1.8m	-1.6m	-1.6m	-1.5m	-1.5m	-1.5m	-1.4m	-1.4m	-1.3m
Amounts payable`17/49`	294,762	322,300	327,518	312,283	506,380	506,010	560,173	1.4m	1.3m	1.6m	1.6m	4.6m	4.6m	4.7m	4.7m	4.8m	5.0m	5.0m	5.0m	3.8m
Amounts payable after more than one year`17`	293,457	300,000	300,000	300,000	500,000	500,000	500,000	1.2m	1.2m	1.6m	1.6m	4.6m	4.6m	4.6m	4.6m	4.7m	4.7m	4.8m	4.9m	3.7m
Financial debts`170/4`	293,457	300,000	300,000	300,000	500,000	500,000	500,000	1.2m	1.2m	1.6m	1.6m	4.6m	4.6m	4.6m	4.6m	4.7m	4.7m	4.8m	4.9m	3.7m
Amounts payable within one year`42/48`	1,305	18,883	27,488	12,283	6,380	6,010	60,173	151,134	148,754	3,730	9,520	5,100	7,518	49,284	57,686	91,570	216,283	208,426	171,330	93,790
Financial debts`43`	-	-	-	-	-	-	140	140	140	-	140	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	140	140	-	140	-	-	-	-	-	-	-	-	-
Other loans`439`	-	-	-	-	-	-	140	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	1,305	18,883	27,488	12,283	6,380	5,870	6,576	2,537	157	3,730	9,380	5,100	7,518	49,284	57,686	89,709	214,412	205,089	170,533	93,640
Suppliers`440/4`	1,305	18,883	27,488	12,283	6,380	5,870	6,576	2,537	157	3,730	9,380	5,100	7,518	49,284	57,686	89,709	214,412	205,089	170,533	93,640
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,861	1,871	3,337	797	-
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,861	1,871	3,337	797	-
Other amounts payable`47/48`	-	-	-	-	-	140	53,457	148,457	148,457	-	-	-	-	-	-	-	-	-	-	151
Accrued charges and deferred income`492/3`	-	3,417	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	26,133	-	-	-	-	-	527,134	13,899	-	-	-	-	-	-	1,861	-	-	-	-	-
Gross operating margin`9900`	16,540	-26,787	-23,290	-30,933	-7,323	-9,489	408,128	16,201	85,834	9,285	76,647	34,770	16,213	-2,363	31,234	7,099	42,657	30,017	-12,787	-66,164
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	15,051	27,775	51,277	54,593	80,954	80,950	80,950	75,370	73,551	69,290	69,290	72,831	70,912
Other operating charges`640/8`	4,373	1,367	1,061	2,017	468	23,078	13,120	6,324	10,186	6,963	14,817	140,191	4,785	6,365	6,021	5,010	4,024	3,481	4,066	3,970
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45
Operating profit (loss)`9901`	12,167	-28,154	-24,352	-32,951	-7,791	-32,567	395,008	-5,174	47,874	-48,955	7,238	-186,375	-69,523	-89,679	-50,157	-71,463	-30,657	-42,754	-89,684	-141,046
Financial income`75/76B`	3	30	-	-	-	-	23,358	22,036	20,791	27,794	26,220	24,935	23,335	46,868	33,653	33,182	10,573	9,282	2,197	63,791
Recurring financial income`75`	3	30	-	-	-	-	23,358	22,036	20,791	27,794	26,220	24,935	23,335	46,868	33,653	33,182	10,573	9,282	2,197	63,791
Financial charges`65/66B`	441	309	381	944	141	575	659	543	566	457	426	369	579	433	771	3,125	2,646	2,458	4,137	501
Recurring financial charges`65`	441	309	381	944	141	575	659	543	566	457	426	369	579	433	771	3,125	2,646	2,458	4,137	501
Profit (loss) for the period before taxes`9903`	11,729	-28,433	-24,732	-33,894	-7,931	-33,142	417,707	16,318	68,099	-21,618	33,031	-161,809	-46,766	-43,244	-15,414	-41,406	-22,730	-35,930	-91,624	-77,801
Income taxes`67/77`	-	-	-	-15,835	-	-	-	-	-	-	-	-	-	-	-	-	-	2,422	-	-9,313
Profit (loss) for the period`9904`	11,729	-28,433	-24,732	-18,059	-7,931	-33,142	417,707	16,318	68,099	-21,618	33,031	-161,809	-46,766	-43,244	-15,414	-41,406	-22,730	-38,352	-91,624	-68,489
Profit (loss) for the period to be appropriated`9905`	11,729	-28,433	-24,732	-18,059	-7,931	-33,142	417,707	16,318	68,099	-21,618	33,031	-161,809	-46,766	-43,244	-15,414	-41,406	-22,730	-38,352	-91,624	-68,489
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.3m	-1.4m	-1.3m	-1.3m	-1.3m	-1.3m	-1.2m	-1.7m	-1.7m	-1.8m	-1.7m	-1.8m	-1.6m	-1.6m	-1.5m	-1.5m	-1.5m	-1.4m	-1.4m	-1.3m
Profit (loss) brought forward from the previous period`14P`	-1.4m	-1.3m	-1.3m	-1.3m	-1.3m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	15-10-2026	2026-00561318	PDF
31-12-2024	micro format	30-09-2025	2025-00534486	PDF
31-12-2023	micro format	31-10-2024	2024-00524552	PDF
31-12-2022	micro format	30-08-2023	2023-00402981	PDF
31-12-2021	micro format	30-08-2022	2022-20384255	PDF
31-12-2020	micro format	31-08-2021	2021-64500424	PDF
31-12-2019	micro format	02-11-2020	2020-67100543	PDF
31-12-2018	micro format	20-09-2019	2019-65000357	PDF
31-12-2017	micro format	13-08-2018	2018-45200274	PDF
31-12-2016	micro format	30-08-2017	2017-52000133	PDF
31-12-2015	full format	22-07-2016	2016-34200131	PDF
31-12-2014	full format	25-08-2015	2015-47200181	PDF
31-12-2013	full format	25-09-2014	2014-60000530	PDF
31-12-2012	full format	16-08-2013	2013-43000141	PDF
31-12-2011	full format	22-05-2012	2012-12400152	PDF
31-12-2010	full format	02-08-2011	2011-37600176	PDF
31-12-2009	full format	25-06-2010	2010-21700408	PDF
31-12-2008	full format	30-06-2009	2009-31000110	PDF
31-12-2007	full format	14-07-2008	2008-39400383	PDF
31-12-2006	full format	27-09-2007	2007-74700274	PDF
31-12-2005	full format	15-11-2006	2006-87403475	PDF
31-12-2004	full format	22-07-2005	2005-54304256	PDF
31-12-2003	full format	26-10-2004	2004-75403776	PDF
31-12-2002	full format	29-12-2003	2003-86202850	PDF
31-12-2001	full format	18-03-2003	2003-07600113	PDF
31-12-2000	full format	13-06-2002	2002-20803113	PDF
31-12-1999	full format	01-12-2000	2000-74101904	PDF
31-12-1998	full format	28-10-1999	1999-55801720	PDF
31-12-1997	full format	05-10-1998	1998-51405272	PDF
31-12-1996	full format	01-10-1997	1997-46801715	PDF
31-12-1995	full format	29-07-1997	1997-34500204	PDF
31-12-1994	full format	11-12-1996	1996-53104392	PDF
31-12-1993	full format	11-12-1996	1996-53104379	PDF
31-12-1992	full format	11-12-1996	1996-53104366	PDF
31-12-1991	full format	06-12-1994	1994-49300271	PDF
31-12-1990	full format	18-03-1994	1994-04202549	PDF
31-12-1989	full format	15-03-1994	1994-04003385	PDF
31-12-1988	full format	17-08-1989	1989-20505295	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	9,877	75,648	2,322	61,830	-105,421	11,428	-8,728	25,213	2,089	38,633	26,536	-16,853	-70,134
Cash flow	-	-	-	-	-	-	-	31,369	95,873	29,659	87,624	-80,855	34,184	37,707	59,956	32,145	46,560	30,938	-18,793	2,424
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-15,000	0	0	-3.0m	0	0	70,000	18,190	47,600	-1,000	23,166	1.0m	2.0m
Change in cash	-5,400	-36,154	-9,498	-212,051	-7,561	-93,848	286,254	26,714	-51,436	13,771	4,767	45,159	-30,724	21,519	12,356	-70,105	24,132	-4,263	-211,604	-
Working capital	19,766	16,635	41,681	66,383	284,337	292,268	325,411	462,494	416,124	737,508	707,709	667,554	749,244	715,060	746,518	814,696	846,847	827,734	901,654	765,658
Solvency	-	-773.9%	-364.4%	-290.2%	-73.3%	-68.8%	-44.7%	-77.7%	-81.9%	-71.4%	-67.2%	-17.4%	-12.8%	-11.4%	-10.3%	-9.5%	-8.2%	-7.7%	-6.7%	-6.3%
Current ratio	16.15	1.88	2.52	6.40	45.56	49.63	6.41	4.06	3.80	-	75.34	-	-	15.51	13.94	9.90	4.92	4.97	6.26	9.16
ROA	55.7%	-77.1%	-35.1%	-22.6%	-2.7%	-11.1%	107.9%	2.1%	9.2%	-2.3%	3.4%	-4.1%	-1.1%	-1.0%	-0.4%	-0.9%	-0.5%	-0.8%	-1.9%	-1.9%

TESET

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-

Current ratio16.15

Return on assets55.7%

Filed annual accounts

Filings

Key figures and ratios

Insights on TESET

Next steps