Financials
Financial year 2026
TT20 from Avelgem, company number BE0763395047, closed financial year 2026 with a result of € 7,841 after tax. For that financial year TT20 recorded a gross margin of € 263,617 and equity of € 54,640. Compared with financial year 2025, the result moved from € -9,232 to € 7,841. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ 54,640
▲ 17% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,841
▲ still € 9,232 loss in 2025
Profit after tax over the fiscal year.
€ 33,930
▲ 187% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 40,640.
People and assets in 2026
€ 237,515
▲ 15% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,878
▼ 16% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 20,473
▼ 32% vs 2025
Loans from banks and other lenders, long and short.
€ 28,018
▲ 23% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 52,214
▼ 18% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 164,593 | € 220,008 | € 203,916 | € 263,617 | ▲ 29% |
| Profit after taxes | € 655 | € 23,861 | € -9,232 | € 7,841 | ▲ € 17,073 |
| Equity | € 32,171 | € 56,031 | € 46,799 | € 54,640 | ▲ 17% |
| Total debts | € 114,883 | € 159,716 | € 117,018 | € 101,819 | ▼ 13% |
| Cash | € 7,750 | € 10,784 | € 11,840 | € 33,930 | ▲ 187% |
| Retained profit | € 18,171 | € 42,031 | € 32,799 | € 40,640 | ▲ 24% |
| Bank debt | € 15,000 | € 15,000 | € 30,000 | € 20,473 | ▼ 32% |
| Balance sheet total | € 147,054 | € 215,748 | € 163,817 | € 156,459 | ▼ 4% |
Key figures of TT20, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to TT20?
What happened at TT20 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 7,841. Source: NBB ↗
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 655 profit in 2023 to € 7,841 profit in 2026.
Paid € 21,696 in corporate taxes since 2023.
Best year ever: 2024, with € 23,861 profit.
Management
The stake of E³O comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TT20Behind TT20 is Tim Moerman. The shares are held by E³O (40%).
Directors
According to the 2026 annual accounts
Tim Moerman
Director
Shareholders
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenaardsesteenweg 96
8580 Avelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0763.395.047
- VAT number
- BE 0763.395.047
- Registered office
- Oudenaardsesteenweg 96, 8580 Avelgem
- Names & denominations
- TT20
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2021
- Peppol
- Active · Active since 31 Oct 2023
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