Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TVH PARTS from Waregem, company number BE0425399042, closed financial year 2025 with a result of € 102.7 million after tax. For that financial year TVH PARTS recorded revenue of € 825.1 million and equity of € 1 billion. Compared with financial year 2024, the result moved from € 134.7 million to € 102.7 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 April 15, 2026.
€ 1 billion
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102.7 million
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 974,480
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 48 million paid out
47 % of the profit went to the shareholders, mostly to TVH Parts Holding NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
1,647.9
▼ 9.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 130.1 million
▲ 4% vs 2024
€ 79,000 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.
€ 1.5 million
Of which on lease € 482,879.
Debts at end 2025
€ 242.7 million
▼ 14% vs 2024
€ 113.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 89.8 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 26.7 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 731,242,167 | € 760,401,885 | € 781,633,136 | € 825,056,787 | ▲ 6% |
| Profit after taxes | € 90,395,578 | € 40,651,168 | € 134,732,655 | € 102,731,909 | ▼ 24% |
| Equity | € 1,003,026,509 | € 963,677,677 | € 968,410,332 | € 1,023,142,241 | ▲ 6% |
| Total debts | € 536,074,583 | € 464,854,005 | € 414,278,743 | € 408,226,974 | ▼ 1% |
| Cash | € 1,816,664 | € 1,535,079 | € 774,215 | € 974,480 | ▲ 26% |
| Retained profit | € 951,324,193 | € 911,975,360 | € 916,708,015 | € 971,439,925 | ▲ 6% |
| Dividend | € 54,000,000 | € 80,000,000 | € 130,000,000 | € 48,000,000 | ▼ 63% |
| Bank debt | € 412,126,371 | € 366,474,674 | € 282,436,480 | € 242,683,785 | ▼ 14% |
| Balance sheet total | € 1,539,101,092 | € 1,428,531,682 | € 1,382,689,075 | € 1,431,369,215 | ▲ 4% |
| Employees (FTE) | 1,446.5 | 1,627.2 | 1,657.5 | 1,647.9 | ▼ 9.6 |
Key figures of TVH PARTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to TVH PARTS?
What happened at TVH PARTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jeannie Williams stepped down as director. NBB
- Intervinco BV stepped down as director. NBB
- Raserva BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 102.7 million (▼ 24% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Arasko Comm.V stepped down as director. NBB
- Silex BV stepped down as director. NBB
- New establishment in Waregem. KBO
In short
From € 90.4 million profit in 2022 to € 102.7 million profit in 2025.
Paid € 48 million in corporate taxes since 2022.
Best year ever: 2024, with € 134.7 million profit.
Paid out € 312 million in dividends to the owners in total.
A new publication or filing at TVH PARTS? We notify you, reason included.
Follow TVH PARTSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 TVH Parts Holding NV (100%). It owns 100% of Mega Parts AB, 100% of TVH TAIWAN LIMITED COMPANY, 100% of Autoglas Rado, 100% of TVH NEW ZEALAND LTD, 100% of Cab Glazing Services Ltd and 100% of BEPCO DEUTSCHLAND GMBH itself.
Directors
According to the 2025 annual accounts
Director · represented by Anne-Marie Rasschaert
Also active at: FREMATO GROUP, BEPCO PARTS, Battery Supplies, TVH Parts Holding, BATTERIMMO
since 2020 · until 2026
Director · represented by Mark Oosterlinck
Also active at: FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, TVH Parts Holding, BATTERIMMO
since 2020 · until 2025
Jeannie Williams
Director
since 2025 · until 2031
Managing director · represented by Dominiek Valcke
Also active at: FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, TVH Parts Holding, BATTERIMMO
since 2020 · until 2026
since 2024 · until 2030
Director · represented by Carine Van Landschoot
Also active at: FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, TVH Parts Holding, BATTERIMMO
since 2025 · until 2031
Shareholders
100%
Participations
Mega Parts AB
100%
TVH TAIWAN LIMITED COMPANY
100%
Autoglas Rado
100%
TVH NEW ZEALAND LTD
100%
Cab Glazing Services Ltd
100%
BEPCO DEUTSCHLAND GMBH
100%
Wissink Trading B.V.
100%
COMMERCIAL AGRINAVA S.L.
100%
TVH Trading (Shanghai) Co., Ltd.
100%
TVH Singapore PTE LTD
100%
TVH Australia Pty Ltd
100%
100%
Glace Distribution Internationale - G.D.I. SAS
100%
Gem One Corporation
100%
BEPCO UK LTD
100%
TVH Nederland BV
100%
TVH Trading (Taicang)
100%
CAM S.r.L
100%
Interpart (U.K.) Limited
100%
Sincanli Oto ve Traktör Gereçleri Ticaret ve Sanayi Anonim Sirketi
100%
Independent Parts & Service Limited
100%
IPS Independent Parts and Services Limited
100%
TVH Portugal
100%
TVH Trading (Xiamen)
100%
BEPCO NEDERLAND B.V.
100%
TVH Bulgaria Ltd.
100%
TVH NORDIC AB
100%
BEPCO EASTERN EUROPE SP. Z.O.O.
100%
TVH RUS LLC
100%
Gem One Australia Pty Ltd
100%
TVH Malaysia SDN BHD
100%
Main Land Handling Co., Ltd
100%
CAM (Xiamen) Mechanical Equipment
100%
Industrie-Service-Jung GmbH
100%
TVH ITALIA SRL
100%
TVH YEDEK PARCA TICARET ANONIM SIRKETI
100%
TVH France SASU
100%
KTSL
100%
Yiqiang (Taicang) Trading
100%
TVH Parts South Africa PTY LTD
100%
TVH PARTS ESPAÑA SA
100%
TVH DEUTSCHLAND GMBH
100%
Asia Industrial Trading Ltd
100%
100%
TVH UK Ltd
100%
ACCOSYS INC
100%
FTS Autotechnic
100%
TVH MIDDLE EAST FZE
100%
TVH POLSKA SP. Z.O.o.
100%
100%
TVH PARTS (THAILAND) LIMITED
100%
IMCH MEXICANA SA DE CV
99.9%
TVH PARTS MEXICANA SRL DE CV
99.9%
Bepco France SAS
97.4%
TVH BRASIL PECAS LTDA.
93.4%
G2BPro INC
60.4%
30.3%
Fremato France
0.1%
Establishments
Establishment units
Physical locations of this company
Brabantstraat 15
8790 Waregem
Driemasten 126
8560 Wevelgem
Active since 6 March 1984
Gullegemsestraat 174
8880 Ledegem
Active since 1 January 2006
Textielstraat 14
8790 Waregem
Active since 1 January 2006
Mannebeekstraat 2
8790 Waregem
Active since 1 April 2006
Brabantstraat 43-45
8790 Waregem
Active since 1 August 2010
Vichtseweg 129
8790 Waregem
Active since 14 November 2016
Rue Chaumont(Herm) 4 D
4480 Engis
Active since 1 January 2022
Nijverheidslaan +50
8540 Deerlijk
Active since 1 January 2023
Textielstraat 19
8790 Waregem
Active since 1 February 2022
Mannebeekstraat 6
8790 Waregem
Active since 30 March 2026
Brabantstraat 56
8790 Waregem
Active since 1 October 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →FREMATO GROUP same network
€ 34 million revenue · 2025
MIDEX INTERNATIONAL
€ 118,004 gross margin · 2025
BERAN MANAGEMENT
€ 98,637 gross margin · 2025
Hano
Hampton Bay I
+11 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
- 0425.399.042
- VAT number
- BE 0425.399.042
- Registered office
- Brabantstraat 15, 8790 Waregem
- Names & denominations
- TVH PARTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1983
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Groothandel in hijs-, hef- en transportwerktuigen
Groothandel in vervoermiddelen met uitzondering van auto's, motorrijwielen en rijwielen, in meetapparaten en -instrumenten, in navigatieapparatuur en andere diverse machines en uitrusting voor de nijv
Vervaardiging van hijs-, hef- en transportwerktuigen
Groothandel in andere machines en werktuigen, neg
Groothandel in andere machines en werktuigen, n.e.g.