Financials
Financial year 2025
TMGV from Kruisem, company number BE0797816684, closed financial year 2025 with a result of € 45,447 after tax. For that financial year TMGV recorded a gross margin of € 98,210 and equity of € 178,864. Compared with financial year 2024, the result moved from € 123,417 to € 45,447. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 178,864
▲ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,447
▼ 63% vs 2024
Profit after tax over the fiscal year.
€ 109,476
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 168,864.
People and assets in 2025
€ 7,157
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 245,000
€ 9,715 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 3,732
▲ € 2,921 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,375
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 128,105 | € 98,210 | ▼ 23% |
| Profit after taxes | € 123,417 | € 45,447 | ▼ 63% |
| Equity | € 133,417 | € 178,864 | ▲ 34% |
| Total debts | € 21,060 | € 277,106 | ▲ € 256,047 |
| Cash | € 126,446 | € 109,476 | ▼ 13% |
| Land & buildings | - | € 326,922 | |
| Retained profit | € 123,417 | € 168,864 | ▲ 37% |
| Bank debt | € 0 | € 245,000 | |
| Balance sheet total | € 154,477 | € 455,970 | ▲ 195% |
Key figures of TMGV, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to TMGV?
What happened at TMGV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,447 (▼ 63% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 123,417 profit in 2024 to € 45,447 profit in 2025.
Paid € 25,918 in corporate taxes since 2024.
Best year ever: 2024, with € 123,417 profit.
Management
Behind TMGV is Thijs Michels. Thijs Michels is also behind MICHELS CONSTRUCT.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Deinsesteenweg(KRU) 125
9770 Kruisem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0797.816.684
- VAT number
- BE 0797.816.684
- Registered office
- Deinsesteenweg(KRU) 125, 9770 Kruisem
- Names & denominations
- TMGV
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2023
- Peppol
- Active · Active since 24 Nov 2023
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