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 19 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TOSTE from Grimbergen, company number BE0683698758, closed financial year 2024 with a result of € 133,977 after tax. For that financial year TOSTE recorded a gross margin of € 493,401 and equity of € 1.6 million. Compared with financial year 2023, the result moved from € 74,354 to € 133,977. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2025.
€ 1.6 million
▲ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 133,977
▲ 80% vs 2023
Profit after tax over the fiscal year.
€ 159,271
▲ 149% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 284,351.
People and assets in 2024
€ 1 million
Of which on lease € 978,562.
Debts at end 2024
€ 959,045
▲ 60% vs 2023
€ 34,683 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 302,863
▲ € 257,695 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 126,360
▲ € 105,620 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 159,968 | € 90,144 | € 204,973 | € 493,401 | ▲ 141% |
| Profit after taxes | € 47,066 | € 24,740 | € 74,354 | € 133,977 | ▲ 80% |
| Equity | € 1,348,430 | € 1,373,171 | € 1,440,375 | € 1,574,351 | ▲ 9% |
| Total debts | € 495,333 | € 433,112 | € 684,140 | € 1,399,357 | ▲ 105% |
| Cash | € 169,946 | € 173,100 | € 64,060 | € 159,271 | ▲ 149% |
| Land & buildings | € 465,662 | € 496,549 | € 819,891 | € 1,646,873 | ▲ 101% |
| Retained profit | € 58,430 | € 83,171 | € 150,375 | € 284,351 | ▲ 89% |
| Dividend | € 0 | € 0 | € 7,150 | € 0 | ▼ 100% |
| Bank debt | € 431,661 | € 411,423 | € 600,938 | € 959,045 | ▲ 60% |
| Balance sheet total | € 1,843,763 | € 1,806,283 | € 2,124,515 | € 2,973,708 | ▲ 40% |
Key figures of TOSTE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TOSTE?
What happened at TOSTE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 133,977 (▲ 80% vs 2023). filed late Source: NBB ↗
- Erna De Groef became a director. NBB
- New establishment in Grimbergen. KBO
- New establishment in Grimbergen. KBO
- Stephanie Toye became a director. NBB
- New establishment in Grimbergen. KBO
- Gert Toye became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 47,066 profit in 2021 to € 133,977 profit in 2024.
Paid € 106,663 in corporate taxes since 2021.
Best year ever: 2024, with € 133,977 profit.
Paid out € 7,150 in dividends to the owners in total.
Management
Behind TOSTE are Erna De Groef, Gert Toye and Stephanie Toye. It owns 50% of GM Property and 50% of GM Project itself.
Directors
According to the 2024 annual accounts
Erna De Groef
Director
since 2024
Gert Toye
Director
Also active at: Real Renting, GM REAL CONSTRUCT, GM PROJECT, GM PROPERTY, COUTURE Kwintens
since 2017
Stephanie Toye
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Prinsenstraat 24
1850 Grimbergen
Sint-Servaasstraat 37B box 1.1
1850 Grimbergen
Active since 1 April 2021
Wezelstraat 83
1850 Grimbergen
Active since 1 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Real Renting same network
€ -5,389 gross margin · 2025
GM REAL CONSTRUCT same network
€ -65,501 gross margin · 2025
VOSTOY
€ 1,296 gross margin · 2025
GM PROJECT same network
€ -34,859 gross margin · 2025
GM PROPERTY same network
€ -3,084 gross margin · 2025
+4 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
- 0683.698.758
- VAT number
- BE 0683.698.758
- Registered office
- Prinsenstraat 24, 1850 Grimbergen
- Names & denominations
- TOSTE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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