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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TBSA from Aalst, company number BE0478191192, closed financial year 2025 with a result of € -1,505 after tax. For that financial year TBSA recorded a gross margin of € 11,311 and equity of € -5,853. Compared with financial year 2024, the result moved from € 3,110 to € -1,505. 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 June 25, 2026.
€ -5,853
▼ € 1,505 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,505
▼ still € 3,110 profit in 2024
Profit after tax over the fiscal year.
€ 3,860
▲ 105% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -24,453.
People and assets in 2025
€ 19,850
▼ 30% vs 2024
Of which on lease € 18,679.
Debts at end 2025
€ 20,130
▼ 27% vs 2024
€ 7,783 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,083
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,765
▲ 81% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,507 | € 4,675 | € 16,206 | € 11,311 | ▼ 30% |
| Profit after taxes | € 4,499 | € -8,476 | € 3,110 | € -1,505 | ▼ € 4,615 |
| Equity | € -11,382 | € -7,458 | € -4,348 | € -5,853 | ▼ € 1,505 |
| Total debts | € 28,354 | € 59,516 | € 45,213 | € 42,086 | ▼ 7% |
| Cash | € 4,455 | € 5,207 | € 1,881 | € 3,860 | ▲ 105% |
| Retained profit | € -17,582 | € -26,058 | € -22,948 | € -24,453 | ▼ € 1,505 |
| Bank debt | € 0 | € 34,690 | € 27,573 | € 20,130 | ▼ 27% |
| Balance sheet total | € 16,972 | € 52,058 | € 40,865 | € 36,233 | ▼ 11% |
Key figures of TBSA, 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 TBSA?
What happened at TBSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,505 (▼ € 4,615 vs 2024). Source: NBB ↗
- Sophie Van Wambeke became a director. NBB
- Yves Mergan became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,499 profit in 2022 to € 1,505 loss in 2025.
Paid € 2,988 in corporate taxes since 2022.
Best year ever: 2022, with € 4,499 profit.
Management
Behind TBSA are Sophie Van Wambeke and Yves Mergan. Yves Mergan is also behind MERGAN and THUISDIENST KINEGRO.
Directors
According to the 2025 annual accounts
Sophie Van Wambeke
Director
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Gentsestraat 57
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.191.192
- VAT number
- BE 0478.191.192
- Registered office
- Gentsestraat 57, 9300 Aalst
- Names & denominations
- TBSA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 2002
- Peppol
- Active · Active since 10 Nov 2025
- Activities · NACE
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