TOSALU is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 18 September 1990, 1 establishment.

What is the address of TOSALU?

The registered office of TOSALU is located at Ellestraat 16, 8610 Kortemark.

Is TOSALU still active?

Yes. According to the CBE (29 October 2026) TOSALU is active, legal situation “Normale toestand”, started on 18 September 1990.

Is TOSALU registered on Peppol?

Yes, TOSALU is registered on the Peppol network with ID 0208:0442122535.

What is the enterprise number of TOSALU?

The enterprise number of TOSALU is BE0442122535.

When was TOSALU founded?

TOSALU was founded on 18 September 1990.

Who are the directors of TOSALU?

According to the 2025 annual accounts, the directors of TOSALU are: SEFRAM SARL, José De Volder, Bernadette DEBRUYNE, PRINCIP.AL BV, THODES BV.

Is TOSALU a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 September 1990; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did TOSALU make in 2025?

TOSALU posted a profit after taxes of € 125,150,575 in financial year 2025.

What is the revenue of TOSALU?

In its most recent annual accounts (2025), TOSALU reported revenue of € 358,808.

How many employees does TOSALU have?

According to the 2025 annual accounts, TOSALU has 0.2 full-time equivalents (FTE).

TOSALU (Public Limited) - Kortemark - BE0442122535

Dossier TOSALU, printed on 29 October 2026 from databakkes.be/en/0442122535/tosalu. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TOSALU from Kortemark, company number BE0442122535, closed financial year 2025 with a result of € 125.2 million after tax. For that financial year TOSALU recorded revenue of € 358,808 and equity of € 98.1 million. Compared with financial year 2024, the result moved from € 14.7 million to € 125.2 million. Profitable, and profit is growing. 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 August 31, 2026.

What it is worth Growing

€ 98.1 million

▲ 104% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 125.2 million

▲ € 110.5 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.2 million

▲ € 1.1 million vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 75 million paid out

60 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

0.2

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 724,451 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6,431

▼ 1% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 22,491

▼ 38% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 25 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 7.1 million

▼ 12% vs 2024

€ 285,714 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.

Owed to suppliers

€ 61,661

▲ 23% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.

Taxes

€ 260,019

▲ € 228,028 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 363,739 Revenue 2024: € 363,739 First fiscal year in the series	€ 358,808 Revenue 2025: € 358,808 ▼ 1% vs 2024 (€ 363,739) Unfavourable step	▼ 1%
Gross margin	€ -65,037 Gross margin 2022: € -65,037 First fiscal year in the series	€ -122,961 Gross margin 2023: € -122,961 ▼ € 57,924 vs 2022 (€ -65,037) Unfavourable step	-	-
Profit after taxes	€ -189,278 Profit after taxes 2022: € -189,278 First fiscal year in the series	€ 108,544 Profit after taxes 2023: € 108,544 ▲ € 297,823 vs 2022 (€ -189,278) Favourable step	€ 14,678,255 Profit after taxes 2024: € 14,678,255 ▲ € 14.6 million vs 2023 (€ 108,544) Favourable step	€ 125,150,575 Profit after taxes 2025: € 125,150,575 ▲ € 110.5 million vs 2024 (€ 14,678,255) Favourable step	▲ € 110.5 million
Equity	€ 33,212,291 Equity 2022: € 33,212,291 First fiscal year in the series	€ 33,320,390 Equity 2023: € 33,320,390 Unchanged (€ 33,212,291) Favourable step	€ 47,998,200 Equity 2024: € 47,998,200 ▲ 44% vs 2023 (€ 33,320,390) Favourable step	€ 98,145,870 Equity 2025: € 98,145,870 ▲ 104% vs 2024 (€ 47,998,200) Favourable step	▲ 104%
Total debts	€ 9,578,009 Total debts 2022: € 9,578,009 First fiscal year in the series	€ 9,117,838 Total debts 2023: € 9,117,838 ▼ 5% vs 2022 (€ 9,578,009) Favourable step	€ 8,819,776 Total debts 2024: € 8,819,776 ▼ 3% vs 2023 (€ 9,117,838) Favourable step	€ 8,855,700 Total debts 2025: € 8,855,700 Unchanged (€ 8,819,776) Unfavourable step
Cash	€ 1,723,280 Cash 2022: € 1,723,280 First fiscal year in the series	€ 721,916 Cash 2023: € 721,916 ▼ 58% vs 2022 (€ 1,723,280) Unfavourable step	€ 119,417 Cash 2024: € 119,417 ▼ 83% vs 2023 (€ 721,916) Unfavourable step	€ 1,243,757 Cash 2025: € 1,243,757 ▲ € 1.1 million vs 2024 (€ 119,417) Favourable step	▲ € 1.1 million
Land & buildings	€ 782,879 Land & buildings 2022: € 782,879 First fiscal year in the series	€ 667,081 Land & buildings 2023: € 667,081 ▼ 15% vs 2022 (€ 782,879) Unchanged	€ 581,146 Land & buildings 2024: € 581,146 ▼ 13% vs 2023 (€ 667,081) Unchanged	€ 594,495 Land & buildings 2025: € 594,495 ▲ 2% vs 2024 (€ 581,146) Unchanged	▲ 2%
Retained profit	€ 15,629,028 Retained profit 2022: € 15,629,028 First fiscal year in the series	€ 15,737,572 Retained profit 2023: € 15,737,572 ▲ 1% vs 2022 (€ 15,629,028) Favourable step	€ 30,415,827 Retained profit 2024: € 30,415,827 ▲ 93% vs 2023 (€ 15,737,572) Favourable step	€ 80,563,942 Retained profit 2025: € 80,563,942 ▲ 165% vs 2024 (€ 30,415,827) Favourable step	▲ 165%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 75,002,460 Dividend 2025: € 75,002,460 Unchanged (€ 0) Unchanged
Bank debt	€ 8,807,427 Bank debt 2022: € 8,807,427 First fiscal year in the series	€ 8,160,414 Bank debt 2023: € 8,160,414 ▼ 7% vs 2022 (€ 8,807,427) Favourable step	€ 8,037,732 Bank debt 2024: € 8,037,732 ▼ 2% vs 2023 (€ 8,160,414) Favourable step	€ 7,085,672 Bank debt 2025: € 7,085,672 ▼ 12% vs 2024 (€ 8,037,732) Favourable step	▼ 12%
Balance sheet total	€ 42,791,744 Balance sheet total 2022: € 42,791,744 First fiscal year in the series	€ 42,439,373 Balance sheet total 2023: € 42,439,373 ▼ 1% vs 2022 (€ 42,791,744) Unchanged	€ 56,818,823 Balance sheet total 2024: € 56,818,823 ▲ 34% vs 2023 (€ 42,439,373) Unchanged	€ 107,002,126 Balance sheet total 2025: € 107,002,126 ▲ 88% vs 2024 (€ 56,818,823) Unchanged	▲ 88%
Employees (FTE)	0.2 Employees (FTE) 2022: 0.2 First fiscal year in the series	0.2 Employees (FTE) 2023: 0.2 Unchanged (0.2) Unchanged	0.2 Employees (FTE) 2024: 0.2 Unchanged (0.2) Unchanged	0.2 Employees (FTE) 2025: 0.2 Unchanged (0.2) Unchanged

Key figures of TOSALU, 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 TOSALU?

What happened at TOSALU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 SEFRAM SARL stepped down as director. NBB
2028 José De Volder stepped down as director. NBB
2028 Bernadette DEBRUYNE stepped down as director. NBB
2028 PRINCIP.AL BV stepped down as director. NBB
2028 THODES BV stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: profit of € 125.2 million (▲ € 110.5 million vs 2024). filed late Source: NBB ↗
2025 SEFRAM SARL became a director. NBB
2025 José De Volder became a director. NBB

In short

From € 189,278 loss in 2022 to € 125.2 million profit in 2025.

Paid € 296,299 in corporate taxes since 2022.

Best year ever: 2025, with € 125.2 million profit.

Paid out € 75 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

SEFRAM 19.1%

APLOS 19.1%

JMW Participaties 19.1%

The stake of SEFRAM, APLOS, JMW Participaties comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TOSALU

The shares are held by SEFRAM (19.1%), APLOS (19.1%) and JMW Participaties (19.1%).

Directors

According to the 2025 annual accounts

SEFRAM SARL

Director · represented by Lucie Desimpel

since 2025 · until 2028

José De Volder

Director

since 2025 · until 2028

Bernadette DEBRUYNE

Director

since 2025 · until 2028

PRINCIP.AL BV

Director · represented by Samuel Desimpel

Also active at: Top Tier Access Partners

since 2025 · until 2028

THODES BV

Director · represented by Thomas Desimpel

Also active at: 4D VENTURE CAPITAL, IMMO RIO

since 2025 · until 2028

Shareholders

SEFRAM

19.1%

APLOS

19.1%

JMW Participaties

19.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Ellestraat 16

8610 Kortemark

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

TER LINDE

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0442.122.535

VAT number

BE 0442.122.535

Registered office

Ellestraat 16, 8610 Kortemark

Names & denominations

TOSALU

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

18 September 1990

Peppol

Active · Active since 4 Mar 2025

Activities · NACE

Activiteiten van holdings

Managementactiviteiten van holdings

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

TOSALU

Financials

What happened to TOSALU?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions