1. Belgium Stocks

  2. •

    Finance

  3. •

    Financial conglomerates
TINC NV

TINC NV

10.52
EUR
0.00
(0.00%)
548.85MMarket Cap
Sep 15Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
-1.31
2.52
0.76
1.17
0.67
0.73
0.75
0.57
0.86
0.71
1.17
1.19
1
- -
Basic EPS, GAAP
-1.34
2.24
0.49
0.85
0.56
0.81
0.69
0.53
0.82
0.66
0.97
1.13
0.95
- -
Free Cash Flow per Basic Share
-0.26
-0.27
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
0.13
0.12
0.25
0.35
0.46
0.4
0.49
0.5
0.52
0.81
0.49
- -
Book Value per Share
4.72
4.84
- -
9.94
10.63
11.13
11.35
11.81
12.14
12.29
- -
13.42
13.15
13.09
Tangible Book Value per Share
4.72
4.84
- -
9.94
10.63
11.13
11.35
11.81
12.14
12.29
- -
13.42
13.15
13.09
Basic Weighted Avg Shares
8
8
12
14
19
24
29
34
38
38
38
38
43
48
Sales/Revenue/Turnover
-10
19
9
16
13
17
22
19
32
27
44
45
43
- -
Operating Margin (%)
-10.6
13.52
- -
60.28
62.64
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-10
17
6
12
11
19
20
18
31
25
37
42
41
- -
Effective Tax Rate (%)
- -
0.01
0.9
1.25
1.77
- -
3.61
3.8
3.19
2.47
0.72
0.74
- -
- -
Profit Margin (%)
102.27
89.2
65.21
72.8
84.01
110.97
93.12
93.49
95.97
92.78
83.12
94.7
94.41
- -
Working Capital
6
-30
- -
28
60
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
33
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
71
72
- -
158
239
325
331
446
458
464
- -
506
638
635
Return on Invested Capital (%)
- -
16.44
- -
- -
5.4
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
16.11
- -
- -
5.39
- -
6.17
4.59
6.88
5.42
- -
- -
- -
- -
Return on Common Equity (%)
-16.93
23.59
- -
- -
5.39
6.86
6.17
4.59
6.88
5.42
- -
- -
7.1
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
497
512
549

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
2
1
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
25.88%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
26.89%
22.55%
-4.41%
Sales/Revenue/Turnover
21.41%
22.84%
-4.12%
Total Cash Common Dividend
- -
13.28%
-30.95%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
45
2025
- -
- -
43
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.13
2025
- -
- -
0.95
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.81
2025
- -
- -
0.49
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Manuel Vandenbulcke
Full Time Employees
13
Sector
Finance
Industry
Financial conglomerates
Address
Karel Oomsstraat 37 Antwerp VL Belgium 2018
IPO Date
May 12, 2015
Website
tincinvest.com
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Business
TINC N.V. (TINC.BR) is a Belgium-based investment company that invests in infrastructure asset companies holding capital-intensive infrastructure assets providing essential services and generating long-term sustainable cash flows; its core segments encompass public infrastructure such as public-private partnerships (PPPs) for motorways, locks, prisons, education buildings and social housing; energy infrastructure including onshore and offshore wind farms, solar projects and renewable energy developers; digital infrastructure comprising data centers and fiber optic networks; and social infrastructure featuring sustainable water management, holiday parks, parking facilities, business service centers and healthcare networks. TINC holds equity stakes in 31 participations with a fair value of €512 million, diversified across project and corporate infrastructure in Belgium (59%), the Netherlands (32%), Ireland (5%) and France (4%); key holdings include Brabo I tram infrastructure, A15 Maasvlakte-Vaanplein motorway, Princess Beatrix Lock, Datacenter United data centers, GlasDraad fiber networks, Storm Group renewables, Social Housing Ireland and Azulatis water management. Founded in 2007 and headquartered in Antwerp, Belgium, TINC lists on Euronext Brussels and pursues growth aligned with societal trends like low-carbon transition, digitization, public infrastructure renewal and health/well-being, targeting a portfolio evolution to around €700 million through €205 million in contracted commitments financed via cash flows, a €200 million revolving credit facility and sustainable debt. Recent developments include new investment commitments totaling €141 million such as €17 million in SPI.R0 Brussels motorway PPP (October 2024), €13 million in Hortus Conclusus Antwerp prison PPP (September 2024), €30 million in Storm Group renewables (February 2024) and €8 million in Azulatis water management (April 2024, completed June 2025); a strategic partial divestment in Datacenter United to Cordiant Digital Infrastructure with Proximus data center acquisition (October 2024, closed February 2025); €50 million investment in Interparking alongside Infravest (November 2025); and a March 2025 strategic reorganization where Infravest (Gimv subsidiary) acquired 21.32% stake from Belfius/Gimv, enabling cooperation with WorxInvest and Belfius to support portfolio doubling ambitions.