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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TGV Partners from Ichtegem, company number BE0737701331, closed financial year 2025 with a result of € 3,718 after tax. For that financial year TGV Partners recorded a gross margin of € 40,359 and equity of € 21,034. Compared with financial year 2024, the result moved from € 6,235 to € 3,718. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 21,034
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,718
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 3,316
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1,534.
Debts at end 2025
€ 335,748
▼ 8% vs 2024
€ 28,586 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 20,103
▲ € 18,524 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,155
▲ 183% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,756 | € 45,670 | € 40,922 | € 40,359 | ▼ 1% |
| Profit after taxes | € -10,051 | € 9,988 | € 6,235 | € 3,718 | ▼ 40% |
| Equity | € 1,093 | € 11,081 | € 17,316 | € 21,034 | ▲ 21% |
| Total debts | € 679,365 | € 651,246 | € 612,172 | € 604,607 | ▼ 1% |
| Cash | € 3,070 | € 2,912 | € 3,435 | € 3,316 | ▼ 3% |
| Land & buildings | € 662,141 | € 639,057 | € 615,972 | € 605,803 | ▼ 2% |
| Retained profit | € -18,407 | € -8,419 | € -2,184 | € 1,534 | ▲ € 3,718 |
| Bank debt | € 418,782 | € 391,551 | € 363,875 | € 335,748 | ▼ 8% |
| Balance sheet total | € 680,458 | € 662,326 | € 629,488 | € 625,641 | ▼ 1% |
Key figures of TGV Partners, 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 TGV Partners?
What happened at TGV Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,718 (▼ 40% vs 2024). Source: NBB ↗
- New establishment in Ichtegem. KBO
- Steven Theys became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,051 loss in 2022 to € 3,718 profit in 2025.
Paid € 1,177 in corporate taxes since 2022.
Best year ever: 2023, with € 9,988 profit.
Management
Behind TGV Partners is Steven Theys. Steven Theys is also behind ROCKIT.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Zedelgemsesteenweg(EER) 58
8480 Ichtegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.701.331
- VAT number
- BE 0737.701.331
- Registered office
- Zedelgemsesteenweg(EER) 58, 8480 Ichtegem
- Names & denominations
- TGV Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 2019
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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