Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.B.W. - EXPRESS from Vilvoorde, company number BE0457466846, closed financial year 2025 with a result of € -148,253 after tax. For that financial year T.B.W. - EXPRESS recorded a gross margin of € 299,637 and equity of € -583,795. Compared with financial year 2024, the result moved from € -182,431 to € -148,253. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ -583,795
▼ € 148,253 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -148,253
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 25,841
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -602,387.
People and assets in 2025
10.1
Average over the fiscal year, from the social balance sheet.
€ 406,502
▲ 6% vs 2024
€ 40,200 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.
€ 15,636
▼ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6,401
▼ 76% vs 2024
Loans from banks and other lenders, long and short.
€ 38,291
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,739
▲ 94% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 351,837 | € 328,088 | € 253,029 | € 299,637 | ▲ 18% |
| Profit after taxes | € -115,798 | € -90,458 | € -182,431 | € -148,253 | ▲ € 34,178 |
| Equity | € -162,652 | € -253,111 | € -435,542 | € -583,795 | ▼ € 148,253 |
| Total debts | € 773,863 | € 782,231 | € 926,299 | € 1,063,563 | ▲ 15% |
| Cash | € 66,259 | € 33,020 | € 32,931 | € 25,841 | ▼ 22% |
| Land & buildings | € 3,113 | € 2,147 | € 1,181 | € 215 | ▼ 82% |
| Retained profit | € -181,245 | € -271,703 | € -454,134 | € -602,387 | ▼ € 148,253 |
| Bank debt | € 92,888 | € 55,344 | € 26,193 | € 6,401 | ▼ 76% |
| Balance sheet total | € 611,211 | € 529,120 | € 490,757 | € 479,768 | ▼ 2% |
| Employees (FTE) | 13.2 | 10.6 | 10.1 | 10.1 |
Key figures of T.B.W. - EXPRESS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to T.B.W. - EXPRESS?
What happened at T.B.W. - EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 148,253. filed late Source: NBB ↗
- New establishment in Vilvoorde. KBO
- Walter Bosmans became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 115,798 loss in 2022 to € 148,253 loss in 2025.
Paid € 1 in corporate taxes since 2022.
On average € 29,700 of value added per employee in 2025.
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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 T.B.W. - EXPRESS is Walter Bosmans.
Directors
According to the 2025 annual accounts
Walter Bosmans
Bestuurder
since 1996
Establishments
Establishment units
Physical locations of this company
Groenstraat 100
1800 Vilvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.466.846
- VAT number
- BE 0457.466.846
- Registered office
- Groenstraat 100, 1800 Vilvoorde
- Names & denominations
- T.B.W. - EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1996
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Koeriers, exclusief de nationale posterijen
Overige posterijen en koeriers
Goederenvervoer over de weg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)