Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Tangway Graphic Machinery from Antwerpen, company number BE0422389765, closed financial year 2025 with a result of € -2,804 after tax. For that financial year Tangway Graphic Machinery recorded a gross margin of € -2,011 and equity of € -47,309. Compared with financial year 2024, the result moved from € -6,055 to € -2,804. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -47,309
▼ € 2,804 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,804
▲ 54 % less loss than in 2024
Profit after tax over the fiscal year.
€ 304
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -90,691.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,357
Supplier invoices still open on the last day of the fiscal year.
€ 186
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,684 | € 34,359 | € -5,257 | € -2,011 | ▲ € 3,246 |
| Profit after taxes | € -12,647 | € 33,509 | € -6,055 | € -2,804 | ▲ € 3,251 |
| Equity | € -71,960 | € -38,451 | € -44,506 | € -47,309 | ▼ € 2,804 |
| Total debts | € 73,607 | € 52,230 | € 48,071 | € 48,614 | ▲ 1% |
| Cash | € 966 | € 11,875 | € 1,846 | € 304 | ▼ 84% |
| Retained profit | € -115,341 | € -81,832 | € -87,887 | € -90,691 | ▼ € 2,804 |
| Balance sheet total | € 1,648 | € 13,779 | € 3,565 | € 1,304 | ▼ 63% |
Key figures of Tangway Graphic Machinery, 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 Tangway Graphic Machinery?
What happened at Tangway Graphic Machinery in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,804. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,647 loss in 2022 to € 2,804 loss in 2025.
Best year ever: 2023, with € 33,509 profit.
A new publication or filing at Tangway Graphic Machinery? We notify you, reason included.
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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
Behind Tangway Graphic Machinery are Mohammad Han If and Dennis Muller. Dennis Muller is also behind MIRAMAG EUROPE.
Directors
According to the 2025 annual accounts
Mohammad Han If
Director
Establishments
Establishment units
Physical locations of this company
Amerikalei 220 box 4A
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →THOROIL SHIPPING AND TRADING (Belgium)
PHYSICAL ANALYSING INSTRUMENTS
MIRAMAG EUROPE same network
€ 46,541 gross margin · 2025
KETER INVEST
€ 25,901 gross margin · 2025
ANFIN
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.389.765
- VAT number
- BE 0422.389.765
- Registered office
- Amerikalei 220 bus 4A, 2000 Antwerpen
- Names & denominations
- Tangway Graphic Machinery
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 1982
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
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