Financials
Financial year 2024
TSE from Knokke-Heist, company number BE0452989901, closed financial year 2024 with a result of € 16,611 after tax. For that financial year TSE recorded a gross margin of € 171,613 and equity of € 395,763. Compared with financial year 2023, the result moved from € 18,720 to € 16,611. 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 August 21, 2025.
€ 395,763
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,611
▼ 11% vs 2023
Profit after tax over the fiscal year.
€ 109,937
▲ 3% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -73,237.
People and assets in 2024
2.5
▼ 1.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 120,788
▲ 33% vs 2023
€ 48,300 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.
Debts at end 2024
€ 200,000
Loans from banks and other lenders, long and short.
€ 92,262
▲ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 44,350
▼ 21% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 210,500 | € 259,656 | € 140,300 | € 171,613 | ▲ 22% |
| Profit after taxes | € 69,401 | € 112,043 | € 18,720 | € 16,611 | ▼ 11% |
| Equity | € 248,390 | € 360,433 | € 379,153 | € 395,763 | ▲ 4% |
| Total debts | € 510,889 | € 433,889 | € 352,302 | € 336,611 | ▼ 4% |
| Cash | € 203,707 | € 185,715 | € 107,111 | € 109,937 | ▲ 3% |
| Land & buildings | - | - | € 5,957 | € 4,610 | ▼ 23% |
| Retained profit | € -220,610 | € -108,567 | € -89,847 | € -73,237 | ▲ € 16,611 |
| Bank debt | € 274,404 | € 229,834 | € 200,238 | € 200,000 | |
| Balance sheet total | € 759,278 | € 794,322 | € 731,455 | € 732,374 | |
| Employees (FTE) | 2.4 | 3.6 | 3.8 | 2.5 | ▼ 1.3 |
Key figures of TSE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TSE?
What happened at TSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 16,611 (▼ 11% vs 2023). filed late Source: NBB ↗
- New establishment in Staden. KBO
- Start of the company according to the CBE. KBO
In short
From € 69,401 profit in 2021 to € 16,611 profit in 2024.
Paid € 93,118 in corporate taxes since 2021.
Best year ever: 2022, with € 112,043 profit.
On average € 68,600 of value added per employee in 2024.
A new publication or filing at TSE? 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 2024 annual accounts
Beatrix Delafontaine
Director
Establishments
Establishment units
Physical locations of this company
't Molentje 11
8300 Knokke-Heist
Diksmuidestraat(STA) 64
8840 Staden
Active since 6 December 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.989.901
- VAT number
- BE 0452.989.901
- Registered office
- 't Molentje 11, 8300 Knokke-Heist
- Names & denominations
- TSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 1994
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen
Detailhandel in artikelen voor verlichting en woninginrichting
Vervaardiging van sieraden
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen in gespecialiseerde winkels
Vervaardiging van hoeden en petten
Detailhandel in damesbovenkleding
Groothandel in niet-elektrische huishoudelijke artikelen
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
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