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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.G.MAR from Villers-le-Bouillet, company number BE0767431435, closed financial year 2025 with a result of € -5,731 after tax. For that financial year T.G.MAR recorded a gross margin of € 14,142 and equity of € 23,162. Compared with financial year 2024, the result moved from € 6,785 to € -5,731. The company made a loss. 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 December 16, 2025.
€ 23,162
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,731
▼ still € 6,785 profit in 2024
Profit after tax over the fiscal year.
€ 2,659
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6,838.
Debts at end 2025
€ 194,325
▲ 27% vs 2024
€ 12,333 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 124,498
▲ € 122,554 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,530
▲ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,835 | € 19,863 | € 19,776 | € 14,142 | ▼ 28% |
| Profit after taxes | € -15,262 | € 7,371 | € 6,785 | € -5,731 | ▼ € 12,516 |
| Equity | € 14,738 | € 22,108 | € 28,893 | € 23,162 | ▼ 20% |
| Total debts | € 190,534 | € 180,410 | € 168,598 | € 338,245 | ▲ 101% |
| Cash | € 5,625 | € 7,544 | € 9,346 | € 2,659 | ▼ 72% |
| Land & buildings | € 199,382 | € 192,554 | € 185,726 | € 355,327 | ▲ 91% |
| Retained profit | € -15,262 | € -7,892 | € -1,107 | € -6,838 | ▼ € 5,731 |
| Bank debt | € 177,806 | € 165,472 | € 153,139 | € 194,325 | ▲ 27% |
| Balance sheet total | € 205,272 | € 202,518 | € 197,492 | € 361,406 | ▲ 83% |
Key figures of T.G.MAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to T.G.MAR?
What happened at T.G.MAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,731 (▼ € 12,516 vs 2024). Source: NBB ↗
- New establishment in Verlaine. KBO
- Start of the company according to the CBE. KBO
- Thibault MARCHANDISSE became a director. NBB
- Gilles MARCHANDISSE became a director. NBB
In short
From € 15,262 loss in 2022 to € 5,731 loss in 2025.
Best year ever: 2023, with € 7,371 profit.
Management
Behind T.G.MAR are Thibault MARCHANDISSE and Gilles MARCHANDISSE. The same people are also behind MARCHANDISSE ET FILS and LA CHATAIGNERIE DE BORSET. Gilles MARCHANDISSE is also behind TEILLAGE MARCHANDISSE & FILS.
Directors
According to the 2025 annual accounts
since 2021
Gilles MARCHANDISSE
Director
Also active at: MARCHANDISSE ET FILS, LA CHATAIGNERIE DE BORSET, TEILLAGE MARCHANDISSE & FILS
since 2021
Establishments
Establishment units
Physical locations of this company
Rue Docteur Emile Neuville 1B
4530 Villers-le-Bouillet
Rue de Huy(CHA) 131
4537 Verlaine
Active since 23 April 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0767.431.435
- VAT number
- BE 0767.431.435
- Registered office
- Rue Docteur Emile Neuville 1B, 4530 Villers-le-Bouillet
- Names & denominations
- T.G.MAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2021
- Peppol
- Active · Active since 2 Oct 2026
- Activities · NACE
Gemengd landbouwbedrijf
Ondersteunende activiteiten in verband met de teelt van gewassen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ondersteunende activiteiten in verband met de veeteelt
Exploitatie van bossen
Bosbouw en bosbouwactiviteiten