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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Negative equity NBB
More debt than assets in 2 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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TLS-EXPRESS from Grâce-Hollogne, company number BE0770763087, closed financial year 2025 with a result of € -539,730 after tax. For that financial year TLS-EXPRESS recorded a gross margin of € 826,315 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -1.1 million to € -539,730. 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 30, 2026.
€ -1.5 million
▼ € 539,730 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -539,730
▲ 53 % less loss than in 2024
Profit after tax over the fiscal year.
€ 508,935
▲ 262% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2025
20
▼ 18.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 36% vs 2024
€ 63,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 55,099
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.8 million
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 140,018
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 183,268 | € 1,178,955 | € 1,127,579 | € 826,315 | ▼ 27% |
| Profit after taxes | € 13,378 | € 21,604 | € -1,138,353 | € -539,730 | ▲ € 598,623 |
| Equity | € 194,410 | € 216,014 | € -922,339 | € -1,462,068 | ▼ € 539,730 |
| Total debts | € 862,063 | € 1,662,444 | € 1,905,072 | € 2,940,642 | ▲ 54% |
| Cash | € 235,493 | € 193,733 | € 140,705 | € 508,935 | ▲ 262% |
| Retained profit | € 94,410 | € 116,014 | € -1,022,339 | € -1,562,068 | ▼ € 539,730 |
| Balance sheet total | € 1,056,473 | € 1,878,458 | € 982,733 | € 1,478,574 | ▲ 50% |
| Employees (FTE) | - | 19.2 | 38.7 | 20 | ▼ 18.7 |
Key figures of TLS-EXPRESS, 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 TLS-EXPRESS?
What happened at TLS-EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 539,730. filed late Source: NBB ↗
- New establishment in Grâce-Hollogne. KBO
- SENWEN SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 13,378 profit in 2022 to € 539,730 loss in 2025.
Paid € 29,922 in corporate taxes since 2022.
Best year ever: 2023, with € 21,604 profit.
On average € 41,300 of value added per employee in 2025.
Management
The stake of SENWEN, SINECS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TLS-EXPRESSBehind TLS-EXPRESS are SINECS SRL and SENWEN SRL. The shares are held by SENWEN (80%) and SINECS (20%).
Directors
According to the 2025 annual accounts
Director · represented by Patrick Hollenfeltz
Also active at: ECDC LOGISTICS, IMPORT EXPORT EXCELLENCE
Director · represented by Liansen TAN
Also active at: ECDC LOGISTICS, IMPORT EXPORT EXCELLENCE
since 2021
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Nouvelles Technologies 14
4460 Grâce-Hollogne
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
- 0770.763.087
- VAT number
- BE 0770.763.087
- Registered office
- Rue des Nouvelles Technologies 14, 4460 Grâce-Hollogne
- Names & denominations
- TLS-EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2021
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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