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 29.5 to 25.8.
Financials
Financial year 2025
T'SAS from Brussel, company number BE0441908244, closed financial year 2025 with a result of € 18,230 after tax. For that financial year T'SAS recorded revenue of € 10.7 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 352,609 to € 18,230. 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 17, 2026.
€ 2.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,230
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
25.8
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 1% vs 2024
€ 71,300 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.
€ 986,803
▲ 60% vs 2024
Of which on lease € 400,815.
Debts at end 2025
€ 1.3 million
▼ 2% vs 2024
€ 233,511 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 847,550
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 260,523
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 12,990,292 | € 10,741,408 | ▼ 17% |
| Gross margin | € 2,760,865 | € 3,256,210 | - | - | |
| Profit after taxes | € 326,137 | € 600,856 | € 352,609 | € 18,230 | ▼ 95% |
| Equity | € 1,268,159 | € 1,869,015 | € 2,221,624 | € 2,239,853 | ▲ 1% |
| Total debts | € 4,696,283 | € 4,723,779 | € 4,668,608 | € 3,936,943 | ▼ 16% |
| Cash | € 566,763 | € 1,030,095 | € 1,469,690 | € 1,186,131 | ▼ 19% |
| Land & buildings | € 2,970,713 | € 2,771,459 | € 2,569,764 | € 2,450,075 | ▼ 5% |
| Retained profit | € 307,521 | € 908,376 | € 1,260,985 | € 1,279,215 | ▲ 1% |
| Bank debt | € 1,549,728 | € 1,492,995 | € 1,302,244 | € 1,282,255 | ▼ 2% |
| Balance sheet total | € 6,261,566 | € 6,873,758 | € 7,155,035 | € 6,425,440 | ▼ 10% |
| Employees (FTE) | 27.9 | 29.5 | 28.2 | 25.8 | ▼ 2.4 |
Key figures of T'SAS, 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 T'SAS?
What happened at T'SAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stephan T'SAS stepped down as director. NBB
- Jean-Pierre T'SAS stepped down as director. NBB
- Christine T'SAS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18,230 (▼ 95% vs 2024). Source: NBB ↗
- Stephan T'SAS became a director. NBB
- Jean-Pierre T'SAS became a director. NBB
- Christine T'SAS became a director. NBB
- New establishment in Machelen (Brab.). KBO
In short
From € 326,137 profit in 2022 to € 18,230 profit in 2025.
Paid € 340,970 in corporate taxes since 2022.
Best year ever: 2023, with € 600,856 profit.
On average € 110,400 of value added per employee in 2023.
A new publication or filing at T'SAS? 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
Directors
According to the 2025 annual accounts
Stephan T'SAS
Managing director
since 2024 · until 2030
Jean-Pierre T'SAS
Managing director
since 2024 · until 2030
Christine T'SAS
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Spaarbekkenstraat 8
1130 Brussel
Veldweg 18-20 box Unit A6
1831 Machelen (Brab.)
Active since 24 December 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.908.244
- VAT number
- BE 0441.908.244
- Registered office
- Spaarbekkenstraat 8, 1130 Brussel
- Names & denominations
- T'SAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 1990
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Groothandel in dranken, algemeen assortiment
Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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