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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TS DIRECT PRIVATE EQUITY from Brussel, company number BE0679942284, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year TS DIRECT PRIVATE EQUITY recorded a gross margin of € -22,960 and equity of € 760,301. Compared with financial year 2024, the result moved from € -1.9 million to € -1.6 million. The company made a loss. The buffer shrank hard: equity is 64 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 760,301
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▲ 15 % less loss than in 2024
Profit after tax over the fiscal year.
€ 64,237
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.1 million.
Debts at end 2025
€ 310,000
Loans from banks and other lenders, long and short.
€ 9,653
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -18,835 | € -22,949 | € -26,167 | € -22,960 | ▲ € 3,208 |
| Profit after taxes | € -66,049 | € -479,892 | € -1,856,526 | € -1,574,200 | ▲ € 282,325 |
| Equity | € 4,184,419 | € 3,841,027 | € 2,123,252 | € 760,301 | ▼ 64% |
| Total debts | € 336,873 | € 334,165 | € 320,722 | € 319,653 | |
| Cash | € 108,488 | € 19,072 | € 96,674 | € 64,237 | ▼ 34% |
| Retained profit | € -229,081 | € -708,973 | € -2,565,498 | € -4,139,699 | ▼ € 1.6 million |
| Bank debt | € 310,000 | € 310,000 | € 310,000 | € 310,000 | |
| Balance sheet total | € 4,521,292 | € 4,175,192 | € 2,443,974 | € 1,079,954 | ▼ 56% |
Key figures of TS DIRECT PRIVATE EQUITY, 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 TS DIRECT PRIVATE EQUITY?
What happened at TS DIRECT PRIVATE EQUITY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.6 million. Source: NBB ↗
- New establishment in Brussel. KBO
- DELCAP PRIVATE INVESTMENTS SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 66,049 loss in 2022 to € 1.6 million loss in 2025.
Management
Behind TS DIRECT PRIVATE EQUITY is DELCAP PRIVATE INVESTMENTS SRL. It owns 24.9% of TRISPAN RS YB GP LLP itself.
Directors
According to the 2025 annual accounts
DELCAP PRIVATE INVESTMENTS SRL
Director
Also active at: HEALTH ECONOMICS PRIVAK, DELSPAN, Lion Privak, Venture & Growth I, TS.DCP II Privak, Venture & Growth II
since 2021
Establishments
Establishment units
Physical locations of this company
Joseph Stevensstraat 7
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
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€ -11,470 gross margin · 2025
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€ 90.7 million revenue · 2025
La Maison de l'Employé
€ 42,450 revenue · 2025
+45 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
- 0679.942.284
- VAT number
- BE 0679.942.284
- Registered office
- Joseph Stevensstraat 7, 1000 Brussel
- Names & denominations
- TS DIRECT PRIVATE EQUITY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2017
- Peppol
- Not registered