T.S.M. is a specialised building contractor in Gesves. Cooperative, started on 8 February 1991, 1 establishment.

What is the address of T.S.M.?

The registered office of T.S.M. is located at Rue Basse Ramsée 20A, 5340 Gesves.

Is T.S.M. still active?

Yes. According to the CBE (30 October 2026) T.S.M. is active, legal situation “Normale toestand”, started on 8 February 1991.

Is T.S.M. registered on Peppol?

Yes, T.S.M. is registered on the Peppol network with ID 0208:0443157762.

What is the enterprise number of T.S.M.?

The enterprise number of T.S.M. is BE0443157762.

When was T.S.M. founded?

T.S.M. was founded on 8 February 1991.

Who are the directors of T.S.M.?

According to the 2025 annual accounts, the directors of T.S.M. are: PIERRE HUBERT, YVAN VANRUSSELT.

Is T.S.M. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 February 1991; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did T.S.M. make in 2025?

T.S.M. recorded a loss after taxes of € 144,911 in financial year 2025.

What is the revenue of T.S.M.?

As a small company, T.S.M. is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 191,873.

How much does an employee at T.S.M. earn?

The average wage cost per full-time employee at T.S.M. was € 55,000 in 2025: staff costs of € 274,755 for 5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does T.S.M. have?

According to the 2025 annual accounts, T.S.M. has 5 full-time equivalents (FTE).

T.S.M. (Cooperative) - Gesves - BE0443157762

Dossier T.S.M., printed on 30 October 2026 from databakkes.be/en/0443157762/t-s-m. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 46 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

T.S.M. from Gesves, company number BE0443157762, closed financial year 2025 with a result of € -144,911 after tax. For that financial year T.S.M. recorded a gross margin of € 191,873 and equity of € 52,200. Compared with financial year 2024, the result moved from € 1,502 to € -144,911. The company made a loss. The buffer shrank hard: equity is 74 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2026.

What it is worth Shrank hard

€ 52,200

▼ 74% vs 2024

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

Loss Caution

€ -144,911

▼ still € 1,502 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1,442

▼ 98% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 33,600.

People and assets in 2025

Full-time equivalents

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

Wage cost

€ 274,755

▼ 8% vs 2024

€ 55,000 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.

Vehicles and equipment

€ 135,892

▲ 30% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 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.

€ 87,241

▲ 29% vs 2024

€ 19,931 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 80,822

▼ 63% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 33,989

▼ 13% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 259,507 Gross margin 2022: € 259,507 First fiscal year in the series	€ 354,534 Gross margin 2023: € 354,534 ▲ 37% vs 2022 (€ 259,507) Favourable step	€ 344,272 Gross margin 2024: € 344,272 ▼ 3% vs 2023 (€ 354,534) Unfavourable step	€ 191,873 Gross margin 2025: € 191,873 ▼ 44% vs 2024 (€ 344,272) Unfavourable step	▼ 44%
Profit after taxes	€ 14,219 Profit after taxes 2022: € 14,219 First fiscal year in the series	€ 9,811 Profit after taxes 2023: € 9,811 ▼ 31% vs 2022 (€ 14,219) Unfavourable step	€ 1,502 Profit after taxes 2024: € 1,502 ▼ 85% vs 2023 (€ 9,811) Unfavourable step	€ -144,911 Profit after taxes 2025: € -144,911 ▼ € 146,414 vs 2024 (€ 1,502) Unfavourable step	▼ € 146,414
Equity	€ 194,798 Equity 2022: € 194,798 First fiscal year in the series	€ 195,609 Equity 2023: € 195,609 Unchanged (€ 194,798) Favourable step	€ 197,111 Equity 2024: € 197,111 ▲ 1% vs 2023 (€ 195,609) Favourable step	€ 52,200 Equity 2025: € 52,200 ▼ 74% vs 2024 (€ 197,111) Unfavourable step	▼ 74%
Total debts	€ 180,354 Total debts 2022: € 180,354 First fiscal year in the series	€ 257,008 Total debts 2023: € 257,008 ▲ 43% vs 2022 (€ 180,354) Unfavourable step	€ 352,884 Total debts 2024: € 352,884 ▲ 37% vs 2023 (€ 257,008) Unfavourable step	€ 427,937 Total debts 2025: € 427,937 ▲ 21% vs 2024 (€ 352,884) Unfavourable step	▲ 21%
Cash	€ 68 Cash 2022: € 68 First fiscal year in the series	€ 7,361 Cash 2023: € 7,361 ▲ € 7,293 vs 2022 (€ 68) Favourable step	€ 71,313 Cash 2024: € 71,313 ▲ € 63,952 vs 2023 (€ 7,361) Favourable step	€ 1,442 Cash 2025: € 1,442 ▼ 98% vs 2024 (€ 71,313) Unfavourable step	▼ 98%
Retained profit	€ 176,198 Retained profit 2022: € 176,198 First fiscal year in the series	€ 177,009 Retained profit 2023: € 177,009 Unchanged (€ 176,198) Favourable step	€ 178,511 Retained profit 2024: € 178,511 ▲ 1% vs 2023 (€ 177,009) Favourable step	€ 33,600 Retained profit 2025: € 33,600 ▼ 81% vs 2024 (€ 178,511) Unfavourable step	▼ 81%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 9,000 Dividend 2023: € 9,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 9,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 27,825 Bank debt 2022: € 27,825 First fiscal year in the series	€ 8,556 Bank debt 2023: € 8,556 ▼ 69% vs 2022 (€ 27,825) Favourable step	€ 67,639 Bank debt 2024: € 67,639 ▲ € 59,083 vs 2023 (€ 8,556) Unfavourable step	€ 87,241 Bank debt 2025: € 87,241 ▲ 29% vs 2024 (€ 67,639) Unfavourable step	▲ 29%
Balance sheet total	€ 375,152 Balance sheet total 2022: € 375,152 First fiscal year in the series	€ 452,617 Balance sheet total 2023: € 452,617 ▲ 21% vs 2022 (€ 375,152) Unchanged	€ 549,996 Balance sheet total 2024: € 549,996 ▲ 22% vs 2023 (€ 452,617) Unchanged	€ 480,138 Balance sheet total 2025: € 480,138 ▼ 13% vs 2024 (€ 549,996) Unchanged	▼ 13%
Employees (FTE)	6 Employees (FTE) 2022: 6 First fiscal year in the series	6 Employees (FTE) 2023: 6 Unchanged (6) Unchanged	5 Employees (FTE) 2024: 5 ▼ 1 vs 2023 (6) Unchanged	5 Employees (FTE) 2025: 5 Unchanged (5) Unchanged

Key figures of T.S.M., 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.S.M.?

What happened at T.S.M. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Sep 18, 2026 New annual accounts for financial year 2025: loss of € 144,911 (▼ € 146,414 vs 2024). filed late Source: NBB ↗
Apr 16, 1999 New establishment in Gesves. KBO
Feb 8, 1991 Start of the company according to the CBE. KBO

In short

From € 14,219 profit in 2022 to € 144,911 loss in 2025.

Paid € 25,804 in corporate taxes since 2022.

Best year ever: 2022, with € 14,219 profit.

On average € 38,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

TOITURES PIERRE HUBERT 60%

The stake of TOITURES PIERRE HUBERT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

T.S.M.

Behind T.S.M. are PIERRE HUBERT and YVAN VANRUSSELT. The shares are held by TOITURES PIERRE HUBERT (60%).

Directors

According to the 2025 annual accounts

PIERRE HUBERT

Director

YVAN VANRUSSELT

Administrator-manager

Shareholders

TOITURES PIERRE HUBERT

60%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Basse Ramsée 20A

5340 Gesves

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

Details

Company number

0443.157.762

VAT number

BE 0443.157.762

Registered office

Rue Basse Ramsée 20A, 5340 Gesves

Names & denominations

T.S.M.

Enterprise type

Rechtspersoon

Legal form

Cooperative company

Legal situation

Normale toestand

Start date

8 February 1991

Peppol

Active · Active since 26 Nov 2025

Activities · NACE

Dakwerkzaamheden

Dakbedekking en bouw van dakconstructies

Schrijnwerk van hout of van kunststof

Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen

Schrijnwerk

Sanitaire werkzaamheden

Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen

Overig loodgieterswerk

View on CBE Public ↗ Annual accounts (NBB) ↗

T.S.M.

Warning lights

Financials

What happened to T.S.M.?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions