Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 61.3 to 42.
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Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TENFORCE from Leuven, company number BE0474739378, closed financial year 2025 with a result of € -99,368 after tax. For that financial year TENFORCE recorded revenue of € 7.8 million and equity of € 234,444. Compared with financial year 2024, the result moved from € -3.5 million to € -99,368. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 234,444
▼ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -99,368
▲ 97 % less loss than in 2024
Profit after tax over the fiscal year.
€ 151,435
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.8 million.
People and assets in 2025
42
▼ 12.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.3 million
▼ 20% vs 2024
€ 102,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 154,119
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 million
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 1 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 98 days on average.
€ 1 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 6,660,149 | € 7,752,390 | ▲ 16% |
| Gross margin | € 2,125,161 | € 2,460,011 | - | - | |
| Profit after taxes | € -2,836,131 | € -3,180,634 | € -3,514,401 | € -99,368 | ▲ € 3.4 million |
| Equity | € 7,028,846 | € 3,848,212 | € 333,811 | € 234,444 | ▼ 30% |
| Total debts | € 4,185,109 | € 4,698,378 | € 6,290,254 | € 7,493,679 | ▲ 19% |
| Cash | € 6,184,616 | € 2,508,635 | € 296,100 | € 151,435 | ▼ 49% |
| Land & buildings | € 2,051 | € 0 | - | - | |
| Retained profit | € -3,032,654 | € -6,213,288 | € -9,727,689 | € -9,827,056 | ▼ € 99,368 |
| Bank debt | € 0 | € 0 | € 2,496,256 | € 2,652,171 | ▲ 6% |
| Balance sheet total | € 11,213,955 | € 8,546,591 | € 6,624,066 | € 7,728,123 | ▲ 17% |
| Employees (FTE) | 56.9 | 61.3 | 54.3 | 42 | ▼ 12.3 |
Key figures of TENFORCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TENFORCE?
What happened at TENFORCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benedetta Cuttica stepped down as director. NBB
- Matias Castrèn stepped down as director. NBB
- Julia Dubois stepped down as director. NBB
- amloc BV stepped down as director. NBB
- Saku Ormo stepped down as director. NBB
- Great Stories BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 99,368. Source: NBB ↗
- Benedetta Cuttica became a director. NBB
In short
From € 2.8 million loss in 2022 to € 99,368 loss in 2025.
Paid € 24,494 in corporate taxes since 2022.
On average € 40,100 of value added per employee in 2023.
Pays suppliers within 98 days on average.
Management
The stake of GREAT STORIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TENFORCEThe shares are held by GREAT STORIES (9.5%). It owns 100% of Corporate Car Solutions and 100% of PDC Corp itself.
Directors
According to the 2025 annual accounts
Benedetta Cuttica
Director
since 2026 · until 2030
Matias Castrèn
Director
since 2024 · until 2029
Julia Dubois
Director
since 2021 · until 2026
Director · represented by Jan Van den Nieuwenhof
since 2021 · until 2026
Saku Ormo
Director
since 2021 · until 2026
Director · represented by Bastiaan Deblieck
since 2021 · until 2026
Shareholders
9.5%
Participations
Corporate Car Solutions
100%
PDC Corp
100%
Establishments
Establishment units
Physical locations of this company
Sluisstraat 79
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →Landelijke Vereniging Outward Bound School België
€ 231,684 gross margin · 2025
ALTERA
€ 77,593 gross margin · 2025
OUTWARD BOUND TRAINING CENTER
€ 395,615 gross margin · 2025
VECTOR BROSS
€ 563,585 gross margin · 2025
SDL BELGIUM
€ 20.2 million revenue · 2025
+58 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
tenforce.com
Registered
2001-03-20
Registrar
EuroDNS S.A.
Expires
2027-03-20
Website info
Features
Security
Details
- Company number
- 0474.739.378
- VAT number
- BE 0474.739.378
- Registered office
- Sluisstraat 79, 3000 Leuven
- Names & denominations
- TENFORCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 2001
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- tenforce.com
- Activities · NACE
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