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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TPAGS from Esneux, company number BE0774858269, closed financial year 2025 with a result of € -10,690 after tax. For that financial year TPAGS recorded revenue of € 12,000 and equity of € 79,864. Compared with financial year 2024, the result moved from € -7,002 to € -10,690. 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 July 30, 2026.
€ 79,864
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,690
▼ 53 % more loss than in 2024
Profit after tax over the fiscal year.
€ 21,714
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 78,864.
Debts at end 2025
€ 790,000
▲ 68% vs 2024
Loans from banks and other lenders, long and short.
€ 5,900
▲ € 4,969 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,192
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 715,000 | € 133,356 | € 141,856 | € 12,000 | ▼ 92% |
| Gross margin | € 123,740 | € 11,609 | € 8,583 | € 8,527 | ▼ 1% |
| Profit after taxes | € 91,282 | € 5,273 | € -7,002 | € -10,690 | ▼ € 3,688 |
| Equity | € 92,282 | € 97,555 | € 90,554 | € 79,864 | ▼ 12% |
| Total debts | € 251,968 | € 1,246,919 | € 1,244,839 | € 1,242,300 | |
| Cash | € 3,000 | € 4,878 | € 13,393 | € 21,714 | ▲ 62% |
| Retained profit | € 91,282 | € 96,555 | € 89,554 | € 78,864 | ▼ 12% |
| Bank debt | € 0 | € 194 | € 470,000 | € 790,000 | ▲ 68% |
| Balance sheet total | € 344,250 | € 1,344,474 | € 1,335,393 | € 1,322,164 | ▼ 1% |
Key figures of TPAGS, 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 TPAGS?
What happened at TPAGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,690. Source: NBB ↗
- JULIEN COLLETTE became a director. NBB
- HN2K stepped down as director. NBB
- CG INVEST stepped down as director. NBB
- HN2K became a director. NBB
- New establishment in Esneux. KBO
- ML CONCEPT 2000 became a director. NBB
- CG INVEST became a director. NBB
In short
From € 91,282 profit in 2022 to € 10,690 loss in 2025.
Paid € 32,237 in corporate taxes since 2022.
Best year ever: 2022, with € 91,282 profit.
Management
The stake of HNK2 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TPAGSBehind TPAGS are JULIEN COLLETTE and ML CONCEPT 2000. The shares are held by HNK2 (33.3%). It owns 25% of SEQUOIA IMMO and 25% of ABAK IMMO itself.
Directors
According to the 2025 annual accounts
JULIEN COLLETTE
Director
since 2026
Director · represented by MARC LOGNARD
Also active at: SEQUOIA IMMO, ABAK IMMO, CLOS DU PARC INVEST, CLOS DU PARC IMMO
since 2021
Director · represented by JEAN PIERRE BRUSSELEERS
Also active at: PRODEFIN, SEQUOIA IMMO, ABAK IMMO
since 2023 · until 2026
Director · represented by CHRISTOPHE GEOFFROY
Also active at: IMMOBILIERE DU FAWEUX, SCAPE, SPIRIT, SEQUOIA IMMO, ABAK IMMO
since 2021 · until 2023
Shareholders
33.3%
Participations
25%
25%
Establishments
Establishment units
Physical locations of this company
Avenue Montefiore 65
4130 Esneux
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →CG INVEST same network
€ 236,348 gross margin · 2025
SCAPE same network
€ -773 gross margin · 2025
SPIRIT same network
€ 71,700 revenue · 2025
SEQUOIA IMMO same network
€ 315,866 revenue · 2025
ABAK IMMO same network
€ -1,949 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.858.269
- VAT number
- BE 0774.858.269
- Registered office
- Avenue Montefiore 65, 4130 Esneux
- Names & denominations
- TPAGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2021
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
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