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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2024; threshold 65 %.
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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 2024
TOSCA CAPITAL from LUXEMBOURG, company number BE0696850770, closed financial year 2024 with a result of € -883,565 after tax. For that financial year TOSCA CAPITAL recorded a gross margin of € -28,145 and equity of € -15.6 million. Compared with financial year 2023, the result moved from € 9.7 million to € -883,565. 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 October 6, 2025.
€ -15.6 million
▼ € 883,565 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -883,565
▼ still € 9.7 million profit in 2023
Profit after tax over the fiscal year.
€ 5,471
▼ 13% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.1 million.
Debts at end 2024
€ 15.4 million
Loans from banks and other lenders, long and short.
€ 325
▼ 97% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,640
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 | € -2,617 | € -129,579 | € -30,588 | € -28,145 | ▲ € 2,443 |
| Profit after taxes | € -3,556 | € -25,895,727 | € 9,704,212 | € -883,565 | ▼ € 10.6 million |
| Equity | € 1,496,269 | € -24,399,458 | € -14,695,246 | € -15,578,811 | ▼ € 883,565 |
| Total debts | € 15,371,161 | € 87,490,129 | € 27,171,844 | € 16,767,858 | ▼ 38% |
| Cash | € 1,096 | € 7,556 | € 6,305 | € 5,471 | ▼ 13% |
| Retained profit | € 966,269 | € -24,929,458 | € -15,225,246 | € -16,108,811 | ▼ € 883,565 |
| Bank debt | € 0 | € 15,380,000 | € 15,380,000 | € 15,380,000 | |
| Balance sheet total | € 16,867,430 | € 63,090,671 | € 12,476,599 | € 1,189,047 | ▼ 90% |
Key figures of TOSCA CAPITAL, 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 TOSCA CAPITAL?
What happened at TOSCA CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 883,565 (▼ € 10.6 million vs 2023). filed late Source: NBB ↗
- NEXT GENERATION DEVELOPMENT became a director. NBB
- Jean-Louis WAUCQUEZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,556 loss in 2021 to € 883,565 loss in 2024.
Best year ever: 2023, with € 9.7 million profit.
Management
Behind TOSCA CAPITAL are NEXT GENERATION DEVELOPMENT and Jean-Louis WAUCQUEZ. It owns TIVOLI itself.
Directors
According to the 2024 annual accounts
Director · represented by Gaëtan PIRET
Also active at: Les Entreprises Générales Fernand Gillion et fils, REBETON, GILLION PARTNERS, GILLION DEVELOPMENT
since 2022
Jean-Louis WAUCQUEZ
Director
Also active at: VIRIMMO, AHDS, WAVRINVEST, Compagnie Luxembourgeoise d'Activité cynégétique, JLW CONSULT, IMMO FAUBOURG, FJ INTERNATIONAL INVEST, HAMEUR BELGIQUE +1 more
since 2021
Establishments
Establishment units
Physical locations of this company
RUE GOETHE 24
L.1637 LUXEMBOURG
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0696.850.770
- VAT number
- BE 0696.850.770
- Registered office
- RUE GOETHE 24, L.1637 LUXEMBOURG
- Names & denominations
- TOSCA CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Foreign entity
- Legal situation
- Normale toestand
- Start date
- 29 May 2018
- Peppol
- Not registered