Financials
Financial year 2025
TSL from Tubize, company number BE0657857166, closed financial year 2025 with a result of € 179,076 after tax. For that financial year TSL recorded a gross margin of € 4 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 257,684 to € 179,076. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 1.4 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 179,076
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 331,572
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
67 % of the profit went to the shareholders, mostly to WESTRANS LOGISTICS (100 % of the shares). That is where the money ends up.
People and assets in 2025
35.3
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
€ 62,600 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.
€ 3.3 million
▼ 19% vs 2024
Of which on lease € 3 million.
Debts at end 2025
€ 2.9 million
▼ 15% vs 2024
€ 715,323 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 194,362
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 228,196
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,858,790 | € 3,792,071 | € 4,012,868 | € 3,955,596 | ▼ 1% |
| Profit after taxes | € 272,518 | € 527,221 | € 257,684 | € 179,076 | ▼ 31% |
| Equity | € 783,691 | € 1,190,913 | € 1,328,597 | € 1,387,673 | ▲ 4% |
| Total debts | € 4,623,946 | € 4,788,061 | € 4,271,085 | € 3,577,857 | ▼ 16% |
| Cash | € 657,252 | € 345,585 | € 511,554 | € 331,572 | ▼ 35% |
| Retained profit | € 418,691 | € 825,913 | € 963,597 | € 1,022,673 | ▲ 6% |
| Dividend | € 120,000 | € 120,000 | € 120,000 | € 120,000 | |
| Bank debt | € 3,150,059 | € 3,800,138 | € 3,460,737 | € 2,937,528 | ▼ 15% |
| Balance sheet total | € 5,407,637 | € 5,978,974 | € 5,599,681 | € 4,965,530 | ▼ 11% |
| Employees (FTE) | 33.1 | 34.6 | 36.3 | 35.3 | ▼ 1 |
Key figures of TSL, 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 TSL?
What happened at TSL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 179,076 (▼ 31% vs 2024). Source: NBB ↗
- Daniël Declercq became a director. NBB
- New establishment in Tubize. KBO
- Start of the company according to the CBE. KBO
- WESTRANS LOGISTICS SRL became a director. NBB
In short
From € 272,518 profit in 2022 to € 179,076 profit in 2025.
Paid € 175,152 in corporate taxes since 2022.
Best year ever: 2023, with € 527,221 profit.
On average € 112,100 of value added per employee in 2025.
A new publication or filing at TSL? 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
The stake of WESTRANS LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TSLBehind TSL are Daniël Declercq and WESTRANS LOGISTICS SRL. The shares are held by WESTRANS LOGISTICS (99.9%).
Directors
According to the 2025 annual accounts
since 2019
Director · represented by Wesley Declercq
Also active at: TRANSPOTATOES, PAJOFARM
since 2016
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Ilya Prigogine 2
1480 Tubize
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0657.857.166
- VAT number
- BE 0657.857.166
- Registered office
- Rue Ilya Prigogine 2, 1480 Tubize
- Names & denominations
- TSL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2016
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Goederenvervoer over de weg
Logistieke diensten
Overige vrachtbehandeling, exclusief in zeehavens
Overige vervoerondersteunende activiteiten