Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOSH from Kortrijk, company number BE0536589053, closed financial year 2025 with a result of € 17,634 after tax. For that financial year TOSH recorded revenue of € 812,983 and equity of € 928,805. Compared with financial year 2024, the result moved from € 176,366 to € 17,634. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ 928,805
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,634
▼ 90% vs 2024
Profit after tax over the fiscal year.
€ 99,646
▼ 76% 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 € 828,805.
Debts at end 2025
€ 12.5 million
▼ 5% vs 2024
€ 615,485 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 17,731
▲ € 17,053 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 164 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 554,148 | € 728,939 | € 992,661 | € 812,983 | ▼ 18% |
| Profit after taxes | € 122,391 | € 113,070 | € 176,366 | € 17,634 | ▼ 90% |
| Equity | € 621,735 | € 734,805 | € 911,171 | € 928,805 | ▲ 2% |
| Total debts | € 9,517,766 | € 14,315,347 | € 13,416,735 | € 12,539,673 | ▼ 7% |
| Cash | € 181,800 | € 560,208 | € 414,434 | € 99,646 | ▼ 76% |
| Land & buildings | € 6,023,815 | € 14,191,496 | € 13,721,128 | € 13,250,760 | ▼ 3% |
| Retained profit | € 521,735 | € 634,805 | € 811,171 | € 828,805 | ▲ 2% |
| Bank debt | € 9,506,850 | € 13,743,051 | € 13,133,792 | € 12,521,441 | ▼ 5% |
| Balance sheet total | € 10,139,501 | € 15,050,152 | € 14,327,905 | € 13,468,478 | ▼ 6% |
Key figures of TOSH, 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 TOSH?
What happened at TOSH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,634 (▼ 90% vs 2024). filed late Source: NBB ↗
- De Smet Maria became a director. NBB
- Kathy Dewitte became a director. NBB
- Stefaan Saeys became a director. NBB
- Jan Verhamme became a director. NBB
- Lieven Danneels became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,391 profit in 2022 to € 17,634 profit in 2025.
Paid € 138,779 in corporate taxes since 2022.
Best year ever: 2024, with € 176,366 profit.
Pays suppliers within 164 days on average.
A new publication or filing at TOSH? We notify you, reason included.
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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 TOSH are Stefaan Saeys, Kathy Dewitte, Jan Verhamme, De Smet Maria and Lieven Danneels. The shares are held by Vives Zuid (99.8%) and Vives Noord (0.2%).
Directors
According to the 2025 annual accounts
Stefaan Saeys
Director
Also active at: VELO, HOSPITAL LOGISTICS, LEUVEN KLIMAATNEUTRAAL 2030, SALVE MATER
since 2023
Kathy Dewitte
Director
since 2024
Jan Verhamme
Director
since 2023
De Smet Maria
Director
since 2025
Lieven Danneels
Director
Also active at: Katholieke Hogeschool Vives Zuid, Katholieke Hogeschool VIVES Noord, ASEM, KORDAN, DANVER, TELEVIC RAIL, IMMOMANDEL
since 2023
Shareholders
99.8%
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Doorniksesteenweg(Kor) 145
8500 Kortrijk
Doorniksesteenweg(Kor) 151
8500 Kortrijk
Active since 10 July 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Instituut voor Psycho-Sociale Opleiding
Hoger Instituut voor Verpleegkunde Maria Middelares
Taal en Informaticacursussen voorbereidend op het Hoger Onderwijs
Katholieke Hogeschool Vives Zuid same network
€ 100.4 million revenue · 2025
Katholieke Hogeschool VIVES Noord same network
€ 39.2 million revenue · 2025
+3 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
- 0536.589.053
- VAT number
- BE 0536.589.053
- Registered office
- Doorniksesteenweg(Kor) 145, 8500 Kortrijk
- Names & denominations
- TOSH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2013
- Peppol
- Active · Active since 19 Feb 2026