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 62 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TVH Parts Holding from Waregem, company number BE0822308590, closed financial year 2025 with a result of € 63.3 million after tax. For that financial year TVH Parts Holding recorded revenue of € 223.5 million and equity of € 278.5 million. Compared with financial year 2024, the result moved from € 155.9 million to € 63.3 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 278.5 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63.3 million
▼ 59% vs 2024
Profit after tax over the fiscal year.
€ 87,792
▼ € 58.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 98 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
450
▼ 32 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 59.1 million
▲ 22% vs 2024
€ 131,400 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.
€ 5.2 million
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 561.3 million
▲ 29% vs 2024
€ 54 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 8.2 million
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 9.7 million
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 147,564,905 | € 173,778,128 | € 184,629,487 | € 223,486,340 | ▲ 21% |
| Profit after taxes | € 172,103,805 | € 86,892,253 | € 155,885,666 | € 63,284,024 | ▼ 59% |
| Equity | € 240,464,030 | € 287,356,283 | € 313,241,949 | € 278,525,973 | ▼ 11% |
| Total debts | € 613,647,542 | € 552,254,908 | € 596,262,615 | € 647,189,401 | ▲ 9% |
| Cash | € 49,660,263 | € 31,582,575 | € 58,453,153 | € 87,792 | ▼ € 58.4 million |
| Retained profit | € 235,968,619 | € 282,860,872 | € 308,746,538 | € 274,030,562 | ▼ 11% |
| Dividend | € 70,000,000 | € 40,000,000 | € 130,000,000 | € 98,000,000 | ▼ 25% |
| Bank debt | € 322,973,828 | € 335,016,464 | € 436,609,917 | € 561,267,679 | ▲ 29% |
| Balance sheet total | € 854,111,572 | € 839,611,191 | € 909,504,564 | € 925,715,374 | ▲ 2% |
| Employees (FTE) | 402.2 | 438 | 482 | 450 | ▼ 32 |
Key figures of TVH Parts Holding, 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 TVH Parts Holding?
What happened at TVH Parts Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arasko CommV stepped down as director. NBB
- Wyna Management BV stepped down as director. NBB
- Intervinco BV stepped down as director. NBB
- SB CO BV stepped down as director. NBB
- Kriboma BV stepped down as director. NBB
- Neimit BV stepped down as director. NBB
- Nielco BV stepped down as director. NBB
- Giant Steps CommV stepped down as director. NBB
In short
From € 172.1 million profit in 2022 to € 63.3 million profit in 2025.
Best year ever: 2022, with € 172.1 million profit.
Paid out € 338 million in dividends to the owners in total.
Pays suppliers within 25 days on average.
A new publication or filing at TVH Parts Holding? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by TVH Global NV (100%). It owns 100% of TVH GLOBAL SERVICES, 100% of FREMATO GROUP, 100% of TVH PARTS, 100% of TVH INDIA PLC and 90% of BENVAL SA itself.
Directors
According to the 2025 annual accounts
Director · represented by Simon Witdouck
since 2021 · until 2027
Director · represented by Kristof Bolle
since 2021 · until 2027
Director · represented by Kobe Naert
since 2021 · until 2027
Director · represented by Kris Thermote
since 2021 · until 2027
Director · represented by Anne-Marie Rasschaert
Also active at: TVH PARTS, FREMATO GROUP, BEPCO PARTS, Battery Supplies, BATTERIMMO
since 2025 · until 2031
Director · represented by Mark Oosterlinck
Also active at: TVH PARTS, FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, BATTERIMMO
since 2021 · until 2025
Director · represented by Tanja Dysli
since 2025 · until 2031
Director · represented by Dominiek Valcke
Also active at: TVH PARTS, FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, BATTERIMMO
since 2021 · until 2026
Director · represented by Peter Geiregat
since 2021 · until 2027
Director · represented by Joeri De Waele
since 2021 · until 2024
Director · represented by Carine Van Landschoot
Also active at: TVH PARTS, FREMATO GROUP, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, BATTERIMMO
since 2024 · until 2030
Director · represented by Thierry Driessens
since 2022 · until 2027
since 2022 · until 2027
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Brabantstraat 15
8790 Waregem
Brabantstraat 43-45
8790 Waregem
Active since 1 November 2011
Mannebeekstraat 2
8790 Waregem
Active since 1 November 2015
Vichtseweg 129
8790 Waregem
Active since 14 November 2016
Rue Chaumont(Herm) 4 D
4480 Engis
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →TVH PARTS same network
€ 825.1 million revenue · 2025
FREMATO GROUP same network
€ 34 million revenue · 2025
MIDEX INTERNATIONAL
€ 118,004 gross margin · 2025
BERAN MANAGEMENT
€ 98,637 gross margin · 2025
Hano
+11 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
- 0822.308.590
- VAT number
- BE 0822.308.590
- Registered office
- Brabantstraat 15, 8790 Waregem
- Names & denominations
- TVH Parts Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2009
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Reparatie en onderhoud van computers en communicatieapparatuur
Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht
Reparatie van computers en randapparatuur
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Organisatie van congressen en beurzen
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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