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Tuninvest Sicar
On this page
Company details
- Legal name
- Société Tunisienne d'Investissement TUNINVEST - SICAR
- Listing
- TINV on the Bourse de Tunis, active · ISIN TN0004100202 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, signed / final · source
Read with these figures
- Auditor's emphasis of matter. Paragraphes d'observations (pp25-27): (1) tax audit of 1998-2007: a taxation d'office confirmed on appeal (13 June 2018), revised to D 2.459.579; the company paid the principal of D 1.521.725 after penalty remission, has provisioned D 1.753.054 since 2015, and its cassation appeal (December 2019) is pending; (2) tax audit of 2019-2022: a taxation d'office of June 2024 claimed D 5.556.857 (D 2.062.196 penalties), opposed in court in August 2024; the company joined the 2024 tax amnesty, pays the principal of D 3.494.661 over 5 years and has provisioned D 2.401.287.
Full wording and sources
Auditor's emphasis of matter
Paragraphes d'observations (pp25-27): (1) tax audit of 1998-2007: a taxation d'office confirmed on appeal (13 June 2018), revised to D 2.459.579; the company paid the principal of D 1.521.725 after penalty remission, has provisioned D 1.753.054 since 2015, and its cassation appeal (December 2019) is pending; (2) tax audit of 2019-2022: a taxation d'office of June 2024 claimed D 5.556.857 (D 2.062.196 penalties), opposed in court in August 2024; the company joined the 2024 tax amnesty, pays the principal of D 3.494.661 over 5 years and has provisioned D 2.401.287. 'Notre conclusion n'est pas modifiée à l'égard de ces points.' (p27)
Source: TUNINVEST SICAR — Rapport Annuel 2025 (Assemblée Générale Ordinaire du jeudi 11 juin 2026) (dated 2026-04-30)
-
Revenue
TND 2.93 million
2,930,708 TND units · p21
+190.3% vs 2024
-
Operating profit / (loss)
TND 2.32 million
2,317,849 TND units · p21
+193.4% vs 2024
-
Profit / (loss) for the year
TND 2.31 million
2,311,486 TND units · p21
+193.5% vs 2024
-
Total assets
TND 12.9 million
12,888,286 TND units · p20
+19.5% vs 2024
-
Total equity
TND 8.07 million
8,071,956 TND units · p20
+29.3% vs 2024
-
Cash from operations
TND 482,540
482,540 TND units · p22
−0.3% vs 2024
Large amounts are rounded for reading (TND million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in TND units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenus des titres1 | 2,930,708 | 1,009,422 |
| Autres revenus | 812 | 1,144 |
| Reprise sur provisions2 | –3 | 182,255 |
| Total des produits d'exploitation4 | 2,931,520 | 1,192,821 |
| Dotations aux provisions5 | (100,000) | –6 |
| Charges nettes sur cession de titres7 | (47,572) | (171,815) |
| Diverses charges d'exploitation | (466,099) | (231,025) |
| Total des charges d'exploitation8 | (613,671) | (402,840) |
| RESULTAT D'EXPLOITATION | 2,317,849 | 789,981 |
| RESULTAT DES ACTIVITES ORDINAIRES AVANT IMPOT | 2,317,849 | 789,981 |
| Impôts sur les sociétés | (5,863) | (2,021) |
| Contribution Sociale de Solidarité9 | (500) | (500) |
| RESULTAT NET DE L'EXERCICE | 2,311,486 | 787,460 |
- Printed “-”, read as nil: subtotal_arithmetic: is.native.co_3thkce82xbjv.total_operating_income.
- Printed “-”, read as nil: subtotal_arithmetic: is.native.co_3thkce82xbjv.total_operating_charges.
Notes and alternative reported figures (7)
- “Revenus des titres”: mapping to a shared definition is uncertain. Income from the investment portfolio (dividends and securities income), the venture-capital company's main operating income.
- “Reprise sur provisions” is an issuer-specific line, not mapped to a shared definition: Reversals of provisions (operating income).
- “Total des produits d'exploitation” is an issuer-specific line, not mapped to a shared definition: Printed total of operating income.
- “Dotations aux provisions” is an issuer-specific line, not mapped to a shared definition: Provision charges (printed positive; deducted).
- “Charges nettes sur cession de titres” is an issuer-specific line, not mapped to a shared definition: Net losses on disposal of securities (printed positive; deducted).
- “Total des charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Printed total of operating charges (printed positive; deducted).
- “Contribution Sociale de Solidarité” is an issuer-specific line, not mapped to a shared definition: Social solidarity contribution (Tunisia), printed after income tax.
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Immobilisations financières1 | 4,518,701 | 4,518,701 |
| Moins : provisions2 | (955,100) | (855,100) |
| Immobilisations financières nettes (unlabelled subtotal)3 | 3,563,601 | 3,663,601 |
| TOTAL DES ACTIFS NON COURANTS | 3,563,601 | 3,663,601 |
| Autres actifs courants4 | 2,786,464 | 2,095,955 |
| Placements et autres actifs financiers | 6,537,860 | 5,028,170 |
| Liquidités et équivalents de liquidités | 361 | 821 |
| TOTAL DES ACTIFS COURANTS | 9,324,685 | 7,124,946 |
| TOTAL DES ACTIFS | 12,888,286 | 10,788,547 |
| Capital social | 966,000 | 966,000 |
| Réserves5 | 483,000 | 483,000 |
| Résultats reportés | 4,311,470 | 4,007,010 |
| Total des capitaux propres avant résultat de l'exercice6 | 5,760,470 | 5,456,010 |
| Résultat de l'exercice7 | 2,311,486 | 787,460 |
| TOTAL DES CAPITAUX PROPRES AVANT AFFECTATION | 8,071,956 | 6,243,470 |
| Provision pour risques et charges | 4,154,340 | 4,154,340 |
| TOTAL DES PASSIFS NON COURANTS | 4,154,340 | 4,154,340 |
| Autres passifs courants8 | 661,990 | 390,737 |
| TOTAL DES PASSIFS COURANTS | 661,990 | 390,737 |
| TOTAL DES PASSIFS | 4,816,330 | 4,545,077 |
| TOTAL DES CAPITAUX PROPRES ET DES PASSIFS | 12,888,286 | 10,788,547 |
Notes and alternative reported figures (8)
- “Immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Gross financial fixed assets (equity participations).
- “Moins : provisions” is an issuer-specific line, not mapped to a shared definition: Provisions on financial fixed assets (printed in brackets).
- “Immobilisations financières nettes (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal: financial fixed assets net of provisions.
- “Autres actifs courants” is an issuer-specific line, not mapped to a shared definition: Other current assets.
- “Réserves” is an issuer-specific line, not mapped to a shared definition: Reserves.
- “Total des capitaux propres avant résultat de l'exercice” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of equity before the year's result.
- “Résultat de l'exercice” is an issuer-specific line, not mapped to a shared definition: The year's result within equity.
- “Autres passifs courants” is an issuer-specific line, not mapped to a shared definition: Other current liabilities.
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Résultat net1 | 2,311,486 | 787,460 |
| Dotations aux provisions2 | 100,000 | –3 |
| Reprise sur provisions4 | –3 | (182,255) |
| Autres actifs courants5 | (690,509) | (534,431) |
| Placements et autres actifs financiers6 | (1,509,690) | 363,456 |
| Autres passifs courants7 | 271,253 | 49,960 |
| Flux de trésorerie provenant de (affectés à) l'exploitation | 482,540 | 484,190 |
| Distribution des dividendes | (483,000) | (483,000) |
| Flux de trésorerie provenant des (affectés aux) activités de financement | (483,000) | (483,000) |
| Variation de trésorerie | (460) | 1,190 |
| Trésorerie au début de l'exercice | 821 | (369) |
| Trésorerie à la clôture de l'exercice | 361 | 821 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
Notes and alternative reported figures (6)
- “Résultat net” is an issuer-specific line, not mapped to a shared definition: Opening line of the cash-flow statement.
- “Dotations aux provisions” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Reprise sur provisions” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Autres actifs courants” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
- “Placements et autres actifs financiers” is an issuer-specific line, not mapped to a shared definition: Change in current investments, within operating activities.
- “Autres passifs courants” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Distribution des dividendes |
(483,000) | TND units | Annual report, p22 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Distribution des dividendes |
(483,000) | TND units | Annual report, p22 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
TUNINVEST SICAR — Rapport Annuel 2025 (Assemblée Générale Ordinaire du jeudi 11 juin 2026)
Year ended 31 December 2025 · Annual report · signed / final
Audit: FINOR (Mustapha Medhioub), unmodified opinion · signed
Auditor's sign-off: Mustapha Medhioub, FINOR
Final status: The commissaire aux comptes' general report on the financial statements for the year ended 31 December 2025 (FINOR, PDF pp24-29) is unqualified with two observation paragraphs, and is signed by hand over the FINOR stamp by Mustapha Medhioub, dated 'Tunis, le 30 avril 2026' (page image p29). No board approval date for the statements is printed; the draft first resolution submits the 'états financiers arrêtés au 31/12/2025' to the AGM of 11 June 2026 (p32). The statement pages carry no signatures.
- Document date
- 30 Apr 2026
- Auditor's report
- 30 Apr 2026
- Board approval
- date not recorded
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · TND units (printed “Montants exprimés en dinars”)
- Operating charges are printed positive and deducted from operating income; stored as deductions with the printed amounts kept. Income tax and the social solidarity contribution are printed in brackets. The bilan (p20) is printed sideways. The change in current investments (placements) is presented within operating cash flows.
- The annual report reproduces the bilan, état de résultat and état de flux de trésorerie without the notes; the auditor's report refers to 'les notes annexes'. The queue's period end (2026-06-11) was the AGM date.
Technical details
- File
- 38 pages, scanned (figures read by OCR and checked against the page image)
- SHA-256
23c0efe4743ab57a1dbed4f5a99c9cd6a97186bf944799642c5f39e74e9861bc- Entity as printed
- Société Tunisienne d'Investissement TUNINVEST - SICAR
- Regulator copy
- retrieved 2026-10-08T19:30:47Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.