Financials
Financial year 2025
TGS PROJECTS from Oudenaarde, company number BE0743694149, closed financial year 2025 with a result of € 147,051 after tax. For that financial year TGS PROJECTS recorded a gross margin of € 191,695 and equity of € 575,433. Compared with financial year 2024, the result moved from € 145,865 to € 147,051. 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 March 9, 2026.
€ 575,433
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 147,051
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 80,523
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 118,000 paid out
80 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 134,900
▲ 3% vs 2024
€ 41,400 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,068
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,601
▲ 45% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,484 | € 191,552 | € 192,055 | € 191,695 | |
| Profit after taxes | € 128,190 | € 144,912 | € 145,865 | € 147,051 | ▲ 1% |
| Equity | € 271,438 | € 415,517 | € 546,382 | € 575,433 | ▲ 5% |
| Total debts | € 258,745 | € 210,134 | € 332,065 | € 385,369 | ▲ 16% |
| Cash | € 76,586 | € 10,000 | € 58,614 | € 80,523 | ▲ 37% |
| Retained profit | € 266,438 | € 410,517 | € 541,382 | € 570,433 | ▲ 5% |
| Dividend | € 800 | € 833 | € 15,000 | € 118,000 | ▲ € 103,000 |
| Bank debt | € 238,489 | € 199,450 | € 131,323 | € 134,900 | ▲ 3% |
| Balance sheet total | € 530,183 | € 625,651 | € 878,447 | € 960,802 | ▲ 9% |
Key figures of TGS PROJECTS, 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 TGS PROJECTS?
What happened at TGS PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 147,051 (▲ 1% vs 2024). Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 128,190 profit in 2022 to € 147,051 profit in 2025.
Paid € 191,386 in corporate taxes since 2022.
Best year ever: 2025, with € 147,051 profit.
Paid out € 134,633 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TGS PROJECTS is Thomas GHYS. It owns 50% of AMBULANCE FIRST CARE BV itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bulkendreef 25
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0743.694.149
- VAT number
- BE 0743.694.149
- Registered office
- Bulkendreef 25, 9700 Oudenaarde
- Names & denominations
- TGS PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2020
- Peppol
- Active · Active since 27 Mar 2026
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