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 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TT RETAIL from Hasselt, company number BE0783907181, closed financial year 2025 with a result of € -28,863 after tax. For that financial year TT RETAIL recorded a gross margin of € 249,022 and equity of € 83,932. Compared with financial year 2024, the result moved from € 56,723 to € -28,863. 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 February 27, 2026.
€ 83,932
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,863
▼ still € 56,723 profit in 2024
Profit after tax over the fiscal year.
€ 34,378
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 58,932.
People and assets in 2025
4.5
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 195,638
▲ 25% vs 2024
€ 43,500 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.
Debts at end 2025
€ 259,544
▼ 20% vs 2024
€ 71,974 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 46,067
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,108
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 232,388 | € 289,526 | € 249,022 | ▼ 14% |
| Profit after taxes | € 31,071 | € 56,723 | € -28,863 | ▼ € 85,586 |
| Equity | € 56,071 | € 112,794 | € 83,932 | ▼ 26% |
| Total debts | € 718,985 | € 667,206 | € 540,941 | ▼ 19% |
| Cash | € 98,966 | € 115,830 | € 34,378 | ▼ 70% |
| Retained profit | € 31,071 | € 87,794 | € 58,932 | ▼ 33% |
| Bank debt | € 390,583 | € 325,610 | € 259,544 | ▼ 20% |
| Balance sheet total | € 775,056 | € 780,000 | € 624,873 | ▼ 20% |
| Employees (FTE) | 2.7 | 6.6 | 4.5 | ▼ 2.1 |
Key figures of TT RETAIL, fiscal years 2023 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 TT RETAIL?
What happened at TT RETAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,863 (▼ € 85,586 vs 2024). filed late Source: NBB ↗
- WESTERFLIER GROUP BV became a director. NBB
- New establishment in Hasselt. KBO
- Hervé van Hövell tot Westerflier became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 31,071 profit in 2023 to € 28,863 loss in 2025.
Paid € 247 in corporate taxes since 2023.
Best year ever: 2024, with € 56,723 profit.
On average € 55,300 of value added per employee in 2025.
Management
Behind TT RETAIL are Hervé van Hövell tot Westerflier and WESTERFLIER GROUP BV. The shares are held by WESTERFLIER GROUP.
Directors
According to the 2025 annual accounts
Hervé van Hövell tot Westerflier
Administrator-manager
Also active at: VH RETAIL, MATOCO, MARKET LOMMEL, MARKET BILZEN, BRICO DIEPENBEEK
since 2022
Director · represented by Hervé van Hövell tot Westerflier
Also active at: MATOCO, MARKET LOMMEL, MARKET BILZEN
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Maastrichterstraat 49 box 16
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0783.907.181
- VAT number
- BE 0783.907.181
- Registered office
- Maastrichterstraat 49 bus 16, 3500 Hasselt
- Names & denominations
- TT RETAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 2022
- Peppol
- Active · Active since 24 Jul 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)