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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
TS Agency from Wavre, company number BE0779269393, closed financial year 2025 with a result of € -1,542 after tax. For that financial year TS Agency recorded a gross margin of € 3,370 and equity of € 24,270. Compared with financial year 2024, the result moved from € 5,872 to € -1,542. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 24,270
▼ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,542
▼ still € 5,872 profit in 2024
Profit after tax over the fiscal year.
€ 8,152
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 22,270.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,016
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 38,821
▲ 182% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 856
▼ 92% 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 | € 28,998 | € 31,950 | € 24,609 | € 3,370 | ▼ 86% |
| Profit after taxes | € 16,879 | € 21,060 | € 5,872 | € -1,542 | ▼ € 7,414 |
| Equity | € 18,879 | € 39,940 | € 45,812 | € 24,270 | ▼ 47% |
| Total debts | € 23,951 | € 22,451 | € 24,165 | € 39,677 | ▲ 64% |
| Cash | € 15,347 | € 16,417 | € 19,751 | € 8,152 | ▼ 59% |
| Retained profit | € 16,879 | € 37,940 | € 43,812 | € 22,270 | ▼ 49% |
| Dividend | € 0 | € 0 | € 0 | € 20,000 | |
| Balance sheet total | € 42,830 | € 62,391 | € 69,977 | € 63,947 | ▼ 9% |
Key figures of TS Agency, 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 TS Agency?
What happened at TS Agency in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,542 (▼ € 7,414 vs 2024). Source: NBB ↗
- Tamara SALMAN became a director. NBB
- Gül SARFRAZ stepped down as director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Wavre. KBO
- Gül SARFRAZ became a director. NBB
In short
From € 16,879 profit in 2022 to € 1,542 loss in 2025.
Paid € 24,414 in corporate taxes since 2022.
Best year ever: 2023, with € 21,060 profit.
Paid out € 20,000 in dividends to the owners in total.
Management
Behind TS Agency is Tamara SALMAN.
Directors
According to the 2025 annual accounts
Tamara SALMAN
Director
since 2025
Gül SARFRAZ
Director
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Avenue de Mérode 3
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- SARFRAZ Gül-Fraz(oprichter) 100%
Details
- Company number
- 0779.269.393
- VAT number
- BE 0779.269.393
- Registered office
- Avenue de Mérode 3, 1300 Wavre
- Names & denominations
- TS Agency
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2021
- Peppol
- Active · Active since 16 Dec 2024
- Activities · NACE
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