Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.G.V. Finance from Brugge, company number BE0668385923, closed financial year 2025 with a result of € 642,859 after tax. For that financial year T.G.V. Finance recorded a gross margin of € 836,273 and equity of € 52,088. Compared with financial year 2024, the result moved from € 282,195 to € 642,859. Profitable, and profit is growing. The buffer shrank hard: equity is 93 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 52,088
▼ 93% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 642,859
▲ 128% vs 2024
Profit after tax over the fiscal year.
€ 310,659
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 118,042
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 248,184
▲ 148% vs 2024
€ 25,051 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4,617
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 219,596
▲ € 200,567 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 403,055 | € 285,131 | € 365,389 | € 836,273 | ▲ 129% |
| Profit after taxes | € 305,779 | € 226,288 | € 282,195 | € 642,859 | ▲ 128% |
| Equity | € 419,212 | € 504,323 | € 786,518 | € 52,088 | ▼ 93% |
| Total debts | € 221,416 | € 110,922 | € 234,456 | € 1,343,073 | ▲ € 1.1 million |
| Cash | € 390,596 | € 272,783 | € 221,691 | € 310,659 | ▲ 40% |
| Retained profit | € 400,662 | € 485,773 | € 767,968 | € 33,538 | ▼ 96% |
| Dividend | € 200,000 | € 141,176 | € 0 | € 1,377,289 | |
| Bank debt | € 0 | € 75,000 | € 100,000 | € 248,184 | ▲ 148% |
| Balance sheet total | € 640,628 | € 615,246 | € 1,020,974 | € 1,395,161 | ▲ 37% |
Key figures of T.G.V. Finance, 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 T.G.V. Finance?
What happened at T.G.V. Finance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 642,859 (▲ 128% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 305,779 profit in 2022 to € 642,859 profit in 2025.
Paid € 476,319 in corporate taxes since 2022.
Best year ever: 2025, with € 642,859 profit.
Paid out € 1.7 million in dividends to the owners in total.
A new publication or filing at T.G.V. Finance? 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 T.G.V. Finance is Thomas Viaene. Thomas Viaene is also behind SDM Advisory, SDM-VALORUM, BlueBridge., SDM-Valorum Corporate Finance Group and SDM.
Directors
According to the 2025 annual accounts
Thomas Viaene
Director
Also active at: SDM Advisory, SDM-VALORUM, BlueBridge., SDM-Valorum Corporate Finance Group, SDM
Establishments
Establishment units
Physical locations of this company
Jagersdreef 10
8200 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.385.923
- VAT number
- BE 0668.385.923
- Registered office
- Jagersdreef 10, 8200 Brugge
- Names & denominations
- T.G.V. Finance
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2016
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
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Bemiddeling in verband met exploitatie van en handel in onroerend goed
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