Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
TS-Management from Antwerpen, company number BE0449728523, closed financial year 2025 with a result of € -9,459 after tax. For that financial year TS-Management recorded a gross margin of € -5,930 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -5,262 to € -9,459. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2025.
€ 2.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,459
▼ 80 % more loss than in 2024
Profit after tax over the fiscal year.
€ 25,857
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 192,393.
People and assets in 2025
€ 36,377
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 45,825
▼ 67% vs 2024
Loans from banks and other lenders, long and short.
€ 185
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 224
▼ 94% vs 2024
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 | € -17,893 | € -8,281 | € -1,179 | € -5,930 | ▼ € 4,751 |
| Profit after taxes | € -9,478 | € -14,903 | € -5,262 | € -9,459 | ▼ € 4,197 |
| Equity | € 2,331,518 | € 2,316,614 | € 2,311,352 | € 2,301,893 | |
| Total debts | € 1,499,504 | € 1,377,601 | € 1,351,576 | € 986,233 | ▼ 27% |
| Cash | € 84,234 | € 34,254 | € 21,021 | € 25,857 | ▲ 23% |
| Land & buildings | € 692,500 | € 677,811 | € 665,243 | € 716,260 | ▲ 8% |
| Retained profit | € 222,018 | € 207,114 | € 201,852 | € 192,393 | ▼ 5% |
| Bank debt | € 316,899 | € 227,272 | € 136,917 | € 45,825 | ▼ 67% |
| Balance sheet total | € 3,912,452 | € 3,769,909 | € 3,732,885 | € 3,353,846 | ▼ 10% |
Key figures of TS-Management, 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 October 2026.
What happened to TS-Management?
What happened at TS-Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,459. Source: NBB ↗
- Patrick Nuyens became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,478 loss in 2022 to € 9,459 loss in 2025.
Paid € 2,173 in corporate taxes since 2022.
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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 TS-Management is Patrick Nuyens. It owns 100% of Sartha BV itself.
Directors
According to the 2025 annual accounts
Patrick Nuyens
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Admiraal de Boisotstraat 19-21
2000 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.728.523
- VAT number
- BE 0449.728.523
- Registered office
- Admiraal de Boisotstraat 19-21, 2000 Antwerpen
- Names & denominations
- TS-Management
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1993
- Peppol
- Active · Active since 24 Oct 2025
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