Financials
Financial year 2025
TST BELGIUM from Antwerpen, company number BE0478238110, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year TST BELGIUM recorded a gross margin of € 3.3 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 1.8 million to € 1.7 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 1.6 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 953,041
▲ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.7 million paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
9.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 796,496
▲ 12% vs 2024
€ 86,600 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.
€ 351,161
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ 87% vs 2024
€ 209,381 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.2 million
▲ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 91,046
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,705,867 | € 3,443,777 | € 3,271,474 | € 3,285,677 | |
| Profit after taxes | € 1,397,680 | € 1,873,441 | € 1,808,120 | € 1,685,968 | ▼ 7% |
| Equity | € 1,511,458 | € 1,511,899 | € 1,593,158 | € 1,575,034 | ▼ 1% |
| Total debts | € 2,832,394 | € 3,952,897 | € 3,805,989 | € 5,269,945 | ▲ 38% |
| Cash | € 898,267 | € 1,108,179 | € 556,561 | € 953,041 | ▲ 71% |
| Land & buildings | € 8,163 | € 5,108 | € 3,320 | € 0 | ▼ 100% |
| Retained profit | € 1,449,958 | € 1,450,399 | € 1,450,519 | € 1,451,486 | |
| Dividend | € 1,397,000 | € 1,873,000 | € 1,808,000 | € 1,685,000 | ▼ 7% |
| Bank debt | € 169,785 | € 535,100 | € 708,491 | € 1,325,523 | ▲ 87% |
| Balance sheet total | € 4,343,852 | € 5,464,796 | € 5,426,193 | € 6,865,662 | ▲ 27% |
| Employees (FTE) | 11.6 | 11.3 | 8.9 | 9.2 | ▲ 0.3 |
Key figures of TST BELGIUM, 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 TST BELGIUM?
What happened at TST BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Antonius Johannes Cornelis de Boer stepped down as director. NBB
- Chained BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million (▼ 7% vs 2024). Source: NBB ↗
- Chained BV became a director. NBB
- Antonius Johannes Cornelis de Boer became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
In short
From € 1.4 million profit in 2022 to € 1.7 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.9 million profit.
On average € 357,100 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
Directors
According to the 2025 annual accounts
Antonius Johannes Cornelis de Boer
Director
since 2025 · until 2031
Managing director · represented by Vanarwegen Lisa
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Limastraat 3 box 5
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.238.110
- VAT number
- BE 0478.238.110
- Registered office
- Limastraat 3 bus 5, 2000 Antwerpen
- Names & denominations
- TST BELGIUM · T.S.T. · THOR STEEL SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 2002
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Scheepsagenturen
Expeditiekantoren
Overige vervoerondersteunende activiteiten