Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
61 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TBSCG Belgium from Watermaal-Bosvoorde, company number BE0545988848, closed financial year 2025 with a result of € -96,036 after tax. For that financial year TBSCG Belgium recorded a gross margin of € 141,636 and equity of € -632,401. Compared with financial year 2024, the result moved from € 18,488 to € -96,036. 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 July 14, 2026.
€ -632,401
▼ € 96,036 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -96,036
▼ still € 18,488 profit in 2024
Profit after tax over the fiscal year.
€ 154,626
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -650,951.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 214,711
▲ 4% vs 2024
€ 107,400 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.
€ 3,374
▲ 135% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 835,690
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,631
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 235,866 | € 232,485 | € 233,165 | € 141,636 | ▼ 39% |
| Profit after taxes | € 29,231 | € 24,075 | € 18,488 | € -96,036 | ▼ € 114,524 |
| Equity | € -578,928 | € -554,853 | € -536,365 | € -632,401 | ▼ € 96,036 |
| Total debts | € 1,010,656 | € 1,498,372 | € 1,293,817 | € 955,567 | ▼ 26% |
| Cash | € 71,875 | € 58,930 | € 156,855 | € 154,626 | ▼ 1% |
| Retained profit | € -597,478 | € -573,403 | € -554,915 | € -650,951 | ▼ € 96,036 |
| Balance sheet total | € 431,728 | € 943,518 | € 757,451 | € 323,166 | ▼ 57% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of TBSCG 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 TBSCG Belgium?
What happened at TBSCG Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 96,036 (▼ € 114,524 vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,231 profit in 2022 to € 96,036 loss in 2025.
Paid € 1,158 in corporate taxes since 2022.
Best year ever: 2022, with € 29,231 profit.
On average € 70,800 of value added per employee in 2025.
A new publication or filing at TBSCG Belgium? 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 TBSCG Belgium are Mark ANDREWS and Bertrand GILLET.
Directors
According to the 2025 annual accounts
Mark ANDREWS
Director
Bertrand GILLET
Director
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde
Edmond Tollenaerestraat 56 box 22
1020 Brussel
Active since 12 February 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 61 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
tbscg.com
Registered
2008-08-11
Registrar
Register.com - Network Solutions, LLC
Expires
2026-08-11
Website info
Features
Security
Network
Details
- Company number
- 0545.988.848
- VAT number
- BE 0545.988.848
- Registered office
- Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
- Names & denominations
- TBSCG Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2014
- Peppol
- Active · Active since 8 Jan 2026
- Contact
- tbscg.com
- Activities · NACE
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