Financials
Financial year 2025
TVX from Kortemark, company number BE0478825355, closed financial year 2025 with a result of € 569,233 after tax. For that financial year TVX recorded a gross margin of € 7.4 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 322,626 to € 569,233. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 2 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 569,233
▲ 76% vs 2024
Profit after tax over the fiscal year.
€ 250,057
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 392,257 paid out
69 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
44.9
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.3 million
▲ 5% vs 2024
€ 95,300 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.
€ 2.9 million
▼ 6% vs 2024
Of which on lease € 2.5 million.
Debts at end 2025
€ 2.7 million
▼ 7% vs 2024
€ 966,494 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 719,885
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 470,785
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 11,330,698 | - | - | |
| Gross margin | € 4,947,950 | - | € 6,645,561 | € 7,445,469 | ▲ 12% |
| Profit after taxes | € 214,407 | € 69,360 | € 322,626 | € 569,233 | ▲ 76% |
| Equity | € 1,818,454 | € 1,887,814 | € 1,785,234 | € 1,962,210 | ▲ 10% |
| Total debts | € 4,419,661 | € 3,790,356 | € 4,181,710 | € 3,911,737 | ▼ 6% |
| Cash | € 112,576 | € 92,787 | € 123,891 | € 250,057 | ▲ 102% |
| Land & buildings | € 575,387 | € 537,016 | € 498,645 | € 460,274 | ▼ 8% |
| Retained profit | € 1,812,254 | € 1,881,614 | € 1,779,034 | € 1,956,010 | ▲ 10% |
| Dividend | € 0 | € 0 | € 425,206 | € 392,257 | ▼ 8% |
| Bank debt | € 3,203,391 | € 2,797,818 | € 2,931,962 | € 2,719,592 | ▼ 7% |
| Balance sheet total | € 6,238,116 | € 5,678,171 | € 5,966,944 | € 5,873,947 | ▼ 2% |
| Employees (FTE) | 41.6 | 43.9 | 45.7 | 44.9 | ▼ 0.8 |
Key figures of TVX, 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 TVX?
What happened at TVX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 569,233 (▲ 76% vs 2024). filed late Source: NBB ↗
- AXALI BV became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 214,407 profit in 2022 to € 569,233 profit in 2025.
Paid € 384,909 in corporate taxes since 2022.
Best year ever: 2025, with € 569,233 profit.
On average € 165,800 of value added per employee in 2025.
Management
Behind TVX are AXALI BV and Ilse Vanackere.
Directors
According to the 2025 annual accounts
Director · represented by Xavier Vanhooren
since 2025
Ilse Vanackere
Director
Establishments
Establishment units
Physical locations of this company
Fabrieksweg 1 box A
8610 Kortemark
Fabrieksweg 1 A
8610 Kortemark
Active since 14 December 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.825.355
- VAT number
- BE 0478.825.355
- Registered office
- Fabrieksweg 1 bus A, 8610 Kortemark
- Names & denominations
- TVX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2002
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
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