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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TSDP from Brugge, company number BE1012337728, closed financial year 2025 with a result of € 553,430 after tax. For that financial year TSDP recorded a gross margin of € 568,645 and equity of € 796,799. Compared with financial year 2024, the result moved from € 143,369 to € 553,430. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 796,799
▲ 227% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 553,430
▲ 286% vs 2024
Profit after tax over the fiscal year.
€ 72,125
▲ 45% 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 € 696,799.
People and assets in 2025
€ 5,060
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 13% vs 2024
€ 566,979 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 14,945
▲ € 13,705 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 192,789
▲ 110% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 248,424 | € 568,645 | ▲ 129% |
| Profit after taxes | € 143,369 | € 553,430 | ▲ 286% |
| Equity | € 243,369 | € 796,799 | ▲ 227% |
| Total debts | € 4,495,097 | € 3,974,619 | ▼ 12% |
| Cash | € 49,633 | € 72,125 | ▲ 45% |
| Retained profit | € 143,369 | € 696,799 | ▲ € 553,430 |
| Bank debt | € 4,072,976 | € 3,527,804 | ▼ 13% |
| Balance sheet total | € 4,738,466 | € 4,771,418 | ▲ 1% |
By gross margin, TSDP ranks 8th of 155 companies with main activity “Activiteiten van holdings” in Brugge that publish figures (fiscal year 2025).
Key figures of TSDP, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about TSDP the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to TSDP?
What happened at TSDP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 553,430 (▲ 286% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Brugge. KBO
In short
From € 143,369 profit in 2024 to € 553,430 profit in 2025.
Paid € 152,281 in corporate taxes since 2024.
Best year ever: 2025, with € 553,430 profit.
Management
Behind TSDP are Thibault De Prest and Sarah De Prest. It owns 24% of Horeca Foods itself.
Directors
According to the 2025 annual accounts
Thibault De Prest
Director
Establishments
Establishment units
Physical locations of this company
Jacob van Arteveldestraat 13
8000 Brugge
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.
Similar companies in Brugge
Same main activity (Activiteiten van holdings), 207 active companies in Brugge, largest first.
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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 ↗- DE PREST Thibault Alphonse Jacques(oprichter) 50%
- DE PREST Sarah Jenny Jacques(oprichter) 50%
Details
- Company number
- 1012.337.728
- VAT number
- BE 1012.337.728
- Registered office
- Jacob van Arteveldestraat 13, 8000 Brugge
- Names & denominations
- TSDP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2024
- Peppol
- Active · Active since 3 Apr 2026
- Activities · NACE
Activiteiten van holdings
Holdings