Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 46.8 to 32.6.
Financials
Financial year 2026
Toshiba Global Commerce Solutions (Benelux) from Asse, company number BE0420400176, closed financial year 2026 with a result of € 1.9 million after tax. For that financial year Toshiba Global Commerce Solutions (Benelux) recorded revenue of € 28.3 million and equity of € 13.7 million. Compared with financial year 2025, the result moved from € 2 million to € 1.9 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 13.7 million
▲ 16% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 8% vs 2025
Profit after tax over the fiscal year.
€ 16,614
▼ 10% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -3.4 million.
People and assets in 2026
32.6
▼ 3.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 12.2 million
▲ 4% vs 2025
€ 375,100 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.
€ 91,569
▼ 20% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 260,483
Loans from banks and other lenders, long and short.
€ 10.6 million
▲ 50% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 104 days on average.
€ 1.8 million
▼ 2% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 42,759,903 | € 25,876,295 | € 24,448,588 | € 28,335,712 | ▲ 16% |
| Profit after taxes | € 1,155,846 | € 1,438,725 | € 2,039,617 | € 1,880,603 | ▼ 8% |
| Equity | € 8,380,308 | € 9,819,033 | € 11,858,650 | € 13,739,253 | ▲ 16% |
| Total debts | € 18,390,470 | € 22,979,164 | € 10,039,935 | € 17,315,504 | ▲ 72% |
| Cash | € 37,216 | € 41,247 | € 18,536 | € 16,614 | ▼ 10% |
| Retained profit | € -8,778,421 | € -7,339,696 | € -5,300,079 | € -3,419,475 | ▲ € 1.9 million |
| Bank debt | € 0 | € 0 | € 0 | € 260,483 | |
| Balance sheet total | € 26,770,778 | € 32,798,196 | € 22,270,623 | € 31,583,668 | ▲ 42% |
| Employees (FTE) | 48.4 | 46.8 | 36.2 | 32.6 | ▼ 3.6 |
Key figures of Toshiba Global Commerce Solutions (Benelux), fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Toshiba Global Commerce Solutions (Benelux)?
What happened at Toshiba Global Commerce Solutions (Benelux) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1.9 million (▼ 8% vs 2025). Source: NBB ↗
- Andrew McDaniel stepped down as director. NBB
- Takahiko Honda stepped down as director. NBB
- Kenji Ishibashi stepped down as director. NBB
- Takahiko Honda became a director. NBB
- Daisuke Ikehata stepped down as director. NBB
- Andrew McDaniel became a director. NBB
- Daisuke Ikehata became a director. NBB
In short
From € 1.2 million profit in 2023 to € 1.9 million profit in 2026.
Paid € 655,314 in corporate taxes since 2023.
Best year ever: 2025, with € 2 million profit.
Pays suppliers within 104 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Toshiba Global Commerce Solutions Holdings Corporation (100%).
Directors
According to the 2026 annual accounts
Andrew McDaniel
Chairman of the board
since 2025 · until 2026
Takahiko Honda
Director
since 2026 · until 2026
Daisuke Ikehata
Director
since 2023 · until 2026
Kenji Ishibashi
Director
since 2023 · until 2026
Shareholders
Toshiba Global Commerce Solutions Holdings Corporation
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Z. 1 Researchpark 160
1731 Asse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.400.176
- VAT number
- BE 0420.400.176
- Registered office
- Z. 1 Researchpark 160, 1731 Asse
- Names & denominations
- Toshiba Global Commerce Solutions (Benelux) · TGCS Benelux
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 1980
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
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