Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TSM VITSE from Kuurne, company number BE0753376927, closed financial year 2025 with a result of € -31,437 after tax. For that financial year TSM VITSE recorded a gross margin of € -29,044 and equity of € -43,437. Compared with financial year 2024, the result moved from € -11,341 to € -31,437. 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 September 7, 2026.
€ -43,437
▼ € 31,437 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,437
▼ 177 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,376
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,437.
Debts at end 2025
€ 15,742
▼ 34% vs 2024
€ 2,650 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 10,206
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,360
▼ 28% 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 | € 6,802 | € 5,211 | € -5,473 | € -29,044 | ▼ € 23,572 |
| Profit after taxes | € -1,740 | € -3,834 | € -11,341 | € -31,437 | ▼ € 20,096 |
| Equity | € 3,175 | € -659 | € -12,000 | € -43,437 | ▼ € 31,437 |
| Total debts | € 48,102 | € 41,530 | € 47,404 | € 65,181 | ▲ 38% |
| Cash | € 5,025 | € 10,637 | € 9,915 | € 8,376 | ▼ 16% |
| Retained profit | € 175 | € -3,659 | € -15,000 | € -46,437 | ▼ € 31,437 |
| Bank debt | € 21,921 | € 30,077 | € 23,845 | € 15,742 | ▼ 34% |
| Balance sheet total | € 51,277 | € 40,870 | € 35,404 | € 21,744 | ▼ 39% |
Key figures of TSM VITSE, 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 TSM VITSE?
What happened at TSM VITSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,437. filed late Source: NBB ↗
- Lutgarde Vanhaesebrouck became a director. NBB
- New establishment in Kuurne. KBO
- Maarten Vitse became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,740 loss in 2022 to € 31,437 loss in 2025.
Paid € 442 in corporate taxes since 2022.
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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 TSM VITSE are Maarten Vitse and Lutgarde Vanhaesebrouck.
Directors
According to the 2025 annual accounts
Maarten Vitse
Director
since 2020
Lutgarde Vanhaesebrouck
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Sint-Katriensteenweg 135
8520 Kuurne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
tsmvitse.be
Registered
2018-05-23
Website info
Features
Security
Network
Details
- Company number
- 0753.376.927
- VAT number
- BE 0753.376.927
- Registered office
- Sint-Katriensteenweg 135, 8520 Kuurne
- Names & denominations
- TSM VITSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 2020
- Peppol
- Active · Active since 10 Jan 2026
- Contact
- tsmvitse.be [email protected]
- Activities · NACE
Schrijnwerk