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
TSARA from Putte, company number BE0737640656, closed financial year 2025 with a result of € 93,680 after tax. For that financial year TSARA recorded a gross margin of € 137,102 and equity of € 4,000. Compared with financial year 2024, the result moved from € 75,732 to € 93,680. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 25, 2026.
€ 4,000
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,680
▲ 24% vs 2024
Profit after tax over the fiscal year.
€ 27,084
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 93,517 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 11,406
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11,279
▼ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 19,760
▲ 110% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 112,797 | € 132,436 | € 113,527 | € 137,102 | ▲ 21% |
| Profit after taxes | € 92,512 | € 97,262 | € 75,732 | € 93,680 | ▲ 24% |
| Equity | € 4,000 | € 4,262 | € 4,262 | € 4,000 | ▼ 6% |
| Total debts | € 336,663 | € 261,660 | € 151,033 | € 109,644 | ▼ 27% |
| Cash | € 167,234 | € 126,293 | € 35,481 | € 27,084 | ▼ 24% |
| Land & buildings | € 77,242 | € 72,801 | € 68,360 | € 63,919 | ▼ 6% |
| Retained profit | € 0 | € 262 | € 262 | € 0 | ▼ 100% |
| Dividend | € 268,276 | € 97,000 | € 75,732 | € 93,517 | ▲ 23% |
| Bank debt | € 43,485 | € 33,015 | € 22,281 | € 11,279 | ▼ 49% |
| Balance sheet total | € 340,663 | € 265,922 | € 155,295 | € 113,644 | ▼ 27% |
Key figures of TSARA, 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 TSARA?
What happened at TSARA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 93,680 (▲ 24% vs 2024). Source: NBB ↗
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
- Katrien Leemans became a director. NBB
- Kurt Vingerhoets became a director. NBB
In short
From € 92,512 profit in 2022 to € 93,680 profit in 2025.
Paid € 98,466 in corporate taxes since 2022.
Best year ever: 2023, with € 97,262 profit.
Paid out € 534,525 in dividends to the owners in total.
Management
Behind TSARA are Katrien Leemans and Kurt Vingerhoets. Kurt Vingerhoets is also behind VEEKEMANS and ABBA.
Establishments
Establishment units
Physical locations of this company
De Boefkens 10
2580 Putte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.640.656
- VAT number
- BE 0737.640.656
- Registered office
- De Boefkens 10, 2580 Putte
- Names & denominations
- TSARA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2019
- Peppol
- Active · Active since 1 Jan 2001
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