Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TARGUS from Machelen (Brab.), company number BE0459442577, closed financial year 2025 with a result of € 12,578 after tax. For that financial year TARGUS recorded a gross margin of € 206,352 and equity of € 123,401. Compared with financial year 2024, the result moved from € 9,763 to € 12,578. 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 June 26, 2026.
€ 123,401
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,578
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 61,401.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 190,896
▲ 22% vs 2024
€ 190,900 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 2025
None
No bank loans on the last day of the fiscal year.
€ 2,710
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,280
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,503 | € 230,411 | € 174,930 | € 206,352 | ▲ 18% |
| Profit after taxes | € 6,791 | € 13,604 | € 9,763 | € 12,578 | ▲ 29% |
| Equity | € 87,456 | € 101,060 | € 110,823 | € 123,401 | ▲ 11% |
| Total debts | € 86,458 | € 123,134 | € 138,326 | € 42,789 | ▼ 69% |
| Cash | € 16,249 | € 7,628 | € 6,643 | € 0 | ▼ 100% |
| Retained profit | € 25,456 | € 39,060 | € 48,823 | € 61,401 | ▲ 26% |
| Balance sheet total | € 173,914 | € 224,194 | € 249,149 | € 166,190 | ▼ 33% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of TARGUS, 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 TARGUS?
What happened at TARGUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mikel WILLIAMS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12,578 (▲ 29% vs 2024). Source: NBB ↗
- Michael ANDREW WILLIIAMS stepped down as director. NBB
- Angela MARKER SMITH became a director. NBB
- Michael ANDREW WILLIIAMS became a director. NBB
- Anna Eileen Murphy stepped down as director. NBB
- Mikel WILLIAMS became a director. NBB
- Anna Eileen Murphy became a director. NBB
In short
From € 6,791 profit in 2022 to € 12,578 profit in 2025.
Paid € 24,365 in corporate taxes since 2022.
Best year ever: 2023, with € 13,604 profit.
On average € 206,400 of value added per employee in 2025.
Management
Behind TARGUS is Angela MARKER SMITH.
Directors
According to the 2025 annual accounts
Angela MARKER SMITH
Director
since 2025
Anna Eileen Murphy
Director
since 2017 · until 2025
Mikel WILLIAMS
Director
since 2023 · until 2030
Michael ANDREW WILLIIAMS
Director
since 2025 · until 2026
Establishments
Establishment units
Physical locations of this company
Leonardo da Vincilaan 19
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →CHEVRON PHILLIPS CHEMICALS INTERNATIONAL
€ 1.5 billion revenue · 2025
CGI Belgium
€ 24.4 million revenue · 2025
STRYKER
€ 61.1 million revenue · 2025
ARCADIUS
€ 32,203 gross margin · 2025
SANOFI BELGIUM
€ 296.7 million revenue · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.442.577
- VAT number
- BE 0459.442.577
- Registered office
- Leonardo da Vincilaan 19, 1831 Machelen (Brab.)
- Names & denominations
- TARGUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1996
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
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