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 40 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TSV CONCEPT from Ciney, company number BE0842137568, closed financial year 2024 with a result of € 154,988 after tax. For that financial year TSV CONCEPT recorded a gross margin of € 252,590 and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 323,073 to € 154,988. The company is profitable. 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 October 16, 2025.
€ 1.2 million
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,988
▼ 52% vs 2023
Profit after tax over the fiscal year.
€ 22,557
▼ 40% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 218,252 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
€ 28,647
▲ 19% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,372
▼ 42% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 720
▲ 137% vs 2023
Loans from banks and other lenders, long and short.
€ 1,285
▼ 97% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 117,781
▲ € 88,845 vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 38,983 | € 447,819 | € 461,510 | € 252,590 | ▼ 45% |
| Profit after taxes | € 46,183 | € 305,811 | € 323,073 | € 154,988 | ▼ 52% |
| Equity | € 902,952 | € 1,028,763 | € 1,228,836 | € 1,165,573 | ▼ 5% |
| Total debts | € 771,744 | € 774,617 | € 600,348 | € 599,197 | |
| Cash | € 24,957 | € 80,961 | € 37,579 | € 22,557 | ▼ 40% |
| Retained profit | € 894,892 | € 1,020,703 | € 1,220,776 | € 1,157,513 | ▼ 5% |
| Dividend | € 193,000 | € 180,000 | € 123,000 | € 218,252 | ▲ 77% |
| Bank debt | € 112 | € 393 | € 304 | € 720 | ▲ 137% |
| Balance sheet total | € 1,674,695 | € 1,803,380 | € 1,829,184 | € 1,764,769 | ▼ 4% |
Key figures of TSV CONCEPT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TSV CONCEPT?
What happened at TSV CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 154,988 (▼ 52% vs 2023). filed late Source: NBB ↗
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,183 profit in 2021 to € 154,988 profit in 2024.
Paid € 315,546 in corporate taxes since 2021.
Best year ever: 2023, with € 323,073 profit.
Paid out € 714,252 in dividends to the owners in total.
Management
Behind TSV CONCEPT is Sébastien VINCENT. It owns 100% of DECORATION VINCENT and 100% of VINCENT RENOVATION itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Saint Gilles 49
5590 Ciney
Avenue de Namur 14
5590 Ciney
Active since 22 December 2011
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
- 0842.137.568
- VAT number
- BE 0842.137.568
- Registered office
- Saint Gilles 49, 5590 Ciney
- Names & denominations
- TSV CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2011
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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