TCB
ActiveSummary
TCB has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,260 and a net result of €19,850, of which €19,465 non-recurring income. Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 25% of 1,185 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-10-2008 Normal situation
- Activity
- Logistics services NACE 52250and 3 others
- Establishment unit
- 2.173.922.131 3891 Gingelom, since 09-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 28-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €113,673
- ▼ 17.5%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €19,850
- ▼ 42.5%
- Equity
- €105,260
- ▲ 23.2%
- Total assets
- €750,273
- ▲ 31.2%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskSector: Warehousing and support activities for transportation (NACE 52)Equity €105,260 (14.0% of total assets)lowers riskSize: total assets €750,273Figures for financial year 2025 (filed on 24-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro). It does better than 24% of them on solvency, 64% on liquidity, 42% on profitability and 73% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00416024.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 17 filings
Every figure per financial year
The operating result for 2025 is 24% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €22,851 | €139,329 | €217,305 | €36,125 | €251,625 |
| Depreciation and write-downs of the year | €107,532 | €110,291 | €115,706 | €78,917 | €68,982 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €36,000 | €19,465 | ▼ 45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,384 | €76,335 | €76,977 | €107,532 | €110,291 | €115,706 | €78,917 | €68,982 | ▼ 12.6% |
| Other operating charges640/8 | - | - | - | €1,015 | €1,231 | €1,421 | €1,231 | €861 | ▼ 30.1% |
| Gross operating margin9900 | €81,103 | €98,967 | €99,852 | €121,080 | €139,558 | €117,018 | €137,832 | €113,673 | ▼ 17.5% |
| Operating profit (loss)9901 | €13,372 | €21,661 | €15,092 | €12,533 | €28,036 | -€109 | €57,684 | €43,830 | ▼ 24.0% |
| Financial income75/76B | - | - | - | €0 | €198 | €3 | €22 | €1 | ▼ 96.7% |
| Recurring financial income75 | €31 | €0 | €0 | €0 | €198 | €3 | €22 | €1 | ▼ 96.7% |
| Financial charges65/66B | - | - | - | €8,856 | €8,832 | €15,981 | €18,189 | €20,499 | ▲ 12.7% |
| Recurring financial charges65 | €7,300 | €11,144 | €9,114 | €8,856 | €8,832 | €15,981 | €18,189 | €20,499 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €6,103 | €10,517 | €5,978 | €3,677 | €19,402 | -€16,087 | €39,516 | €23,332 | ▼ 41.0% |
| Income taxes67/77 | €200 | €183 | €173 | €188 | €207 | €224 | €5,002 | €3,482 | ▼ 30.4% |
| Profit (loss) for the period9904 | €5,903 | €10,333 | €5,804 | €3,489 | €19,195 | -€16,310 | €34,514 | €19,850 | ▼ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €5,903 | €10,333 | €5,804 | €3,489 | €19,195 | -€16,310 | €34,514 | €19,850 | ▼ 42.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €293,833 | €449,288 | €521,760 | €466,627 | €503,330 | €592,248 | €571,987 | €750,273 | ▲ 31.2% |
| Fixed assets21/28 | €192,086 | €359,033 | €405,757 | €321,076 | €338,260 | €439,860 | €397,068 | €544,677 | ▲ 37.2% |
| Tangible fixed assets22/27 | €192,086 | €359,033 | €405,757 | €321,076 | €338,260 | €439,860 | €397,068 | €544,677 | ▲ 37.2% |
| Land and buildings22 | - | - | - | - | €119,745 | €320,304 | €317,999 | €301,608 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | €53,921 | €33,041 | €16,176 | €18,549 | €13,280 | ▼ 28.4% |
| Furniture and vehicles24 | - | - | - | €112,019 | €90,770 | €69,108 | €57,882 | €37,141 | ▼ 35.8% |
| Leasing and similar rights25 | - | - | - | €155,136 | €94,704 | €34,271 | €2,639 | €192,648 | ▲ 73× |
| Current assets29/58 | €101,747 | €90,256 | €116,003 | €145,551 | €165,070 | €152,388 | €174,918 | €205,596 | ▲ 17.5% |
| Stocks and contracts in progress3 | - | - | - | - | €2,540 | €4,856 | €0 | - | - |
| Stocks30/36 | - | - | - | - | €2,540 | €4,856 | €0 | - | - |
| Amounts receivable within one year40/41 | €65,875 | €34,698 | €36,669 | €76,425 | €76,329 | €78,423 | €46,780 | €75,814 | ▲ 62.1% |
| Trade receivables40 | - | - | - | €71,327 | €61,150 | €67,270 | €39,641 | €63,122 | ▲ 59.2% |
| Other amounts receivable41 | - | - | - | €5,098 | €15,179 | €11,153 | €7,139 | €12,692 | ▲ 77.8% |
| Cash at bank and in hand54/58 | €35,306 | €53,063 | €67,318 | €63,450 | €81,927 | €64,908 | €122,905 | €120,219 | ▼ 2.2% |
| Deferred charges and accrued income490/1 | - | - | - | €5,676 | €4,274 | €4,202 | €5,233 | €9,563 | ▲ 82.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €293,833 | €449,288 | €521,760 | €466,627 | €503,330 | €592,248 | €571,987 | €750,273 | ▲ 31.2% |
| Equity10/15 | €28,385 | €38,718 | €44,522 | €48,011 | €67,206 | €50,896 | €85,410 | €105,260 | ▲ 23.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,785 | €20,118 | €25,922 | €29,411 | €48,606 | €32,296 | €66,810 | €86,660 | ▲ 29.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €27,551 | €46,746 | €32,296 | €66,810 | €86,660 | ▲ 29.7% |
| Amounts payable17/49 | €265,448 | €410,570 | €477,238 | €418,616 | €436,124 | €541,352 | €486,577 | €645,013 | ▲ 32.6% |
| Amounts payable after more than one year17 | €192,576 | €318,576 | €397,506 | €234,231 | €126,166 | €345,128 | €300,410 | €442,550 | ▲ 47.3% |
| Financial debts170/4 | - | - | - | €234,231 | €126,166 | €345,128 | €300,410 | €442,550 | ▲ 47.3% |
| Amounts payable within one year42/48 | €72,797 | €91,994 | €79,732 | €184,385 | €309,957 | €194,934 | €186,167 | €202,464 | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €107,038 | €108,065 | €76,038 | €52,306 | €84,346 | ▲ 61.3% |
| Financial debts43 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Other loans439 | - | - | - | €50,000 | - | - | - | - | - |
| Trade debts44 | €8,008 | €11,865 | €10,472 | €17,688 | €96,928 | €29,646 | €45,738 | €27,862 | ▼ 39.1% |
| Suppliers440/4 | - | - | - | €17,688 | €96,928 | €29,646 | €45,738 | €27,862 | ▼ 39.1% |
| Taxes, remuneration and social security45 | - | - | - | €1,487 | €1,520 | €1,556 | €6,351 | €8,485 | ▲ 33.6% |
| Taxes450/3 | - | - | - | €1,487 | €1,520 | €1,556 | €6,351 | €8,485 | ▲ 33.6% |
| Other amounts payable47/48 | - | - | - | €8,172 | €53,445 | €37,694 | €31,771 | €31,771 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,290 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,903 | €10,333 | €5,804 | €3,489 | €19,195 | -€16,310 | €34,514 | €19,850 | ▼ 42.5% |
| + Depreciation and write-downs630 | €66,384 | €76,335 | €76,977 | €107,532 | €110,291 | €115,706 | €78,917 | €68,982 | ▼ 12.6% |
| Operating cash flow (approximation) | €72,287 | €86,668 | €82,781 | €111,021 | €129,486 | €99,396 | €113,430 | €88,832 | ▼ 21.7% |
| Investment in fixed assets (approximation) | - | -€243,282 | -€123,702 | -€22,851 | -€127,475 | -€217,305 | -€36,125 | -€216,590 | ▼ 500% |
| Change in cash | - | €17,757 | €14,255 | -€3,869 | €18,477 | -€17,019 | €57,998 | -€2,686 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,107 companies had the same profile as TCB has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TCB itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for TCB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00416024 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00303161 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00392419 | |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00353622 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20285042 | |
| 31-12-2020 | abbreviated format | 24-08-2021 | 2021-51700422 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-45800028 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-49800570 | |
| 31-12-2017 | abbreviated format | 25-08-2018 | 2018-48900042 | |
| 31-12-2016 | abbreviated format | 09-02-2017 | 2017-04100256 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 06-10-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| THEWYS Stephan Hubert Irène Joseph |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bestuurders bevoegdheid, met of zonder beperking van duur”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Geen beroep op rechter tegen weigering, helft overdrager,helft koper(s) naar evenredigheid verworven aantal”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, naar evenredigheid van aantal aandelen dat zij bezitten”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen…”
Articles of association, deed of 06-10-2023 (in Dutch)
Network & group
TCB shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TCB. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-10
Gazette deed
Resignation: THEWYS Stephan Hubert Irène Joseph (manager)Reappointment: THEWYS Stephan Hubert Irène Joseph (director) · Capital conversion · Reserve release10 points ▸
- General meeting, “3891 Gingelom(Buvingen),Truilingenstraat 84C, Rechtspersonenregister van Antwerpen,afdeling Hasselt” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- Power of attorney, Frank DE WILDE
- Director resignation, THEWYS Stephan Hubert Irène Joseph (manager)
- Director reappointment, THEWYS Stephan Hubert Irène Joseph (director (not named in the articles))
- Director discharge, THEWYS Stephan Hubert Irène Joseph
- Registered office clause, “3891 Gingelom(Buvingen),Truilingenstraat 84C, Zesde besluit verklaart zeteladres” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
51 activities
- Het vervaardigen,fabriceren,bereiden,de invoer,de uitvoer,de aankoop,de verkoop,de vertegenwoordiging en de handel in het algemeen van compost,van landbouwgrond,van natuurlijke en kunstmatige meststoffen,met inbegrip van de scheikundige meststoffen en van alle besproeiingsstoffen in de land- en tuinbouw gebruikt
- De onderneming voor de uitvoering van diverse land- en tuinbouwwerken en van werken in verband met de veeteelt voor rekening van derden met inbegrip van de dorsonderneming,sproeionderneming,de onderneming voor het snijden en snoeien van bomen en het verhuren van land- en tuinbouwmachines
- Varkenshouderij
- Fokvarkenshouderij
- Varkensmesterijen,inclusief de vetmesterijen voor derden
- Veeteelt
- Rundveehouderij
- Productie van melk
- Akkerbouw en tuinbouw
- Pluimveehouderij
- Kippenkwekerij
- Productie van eieren
- Gemengd landbouwbedrijf
- Serreteelt
- Het telen van bio producten
- Groenteteelt
- Het telen van tomaten,meloenen,uien,kolen,sla,wortelen,bonen,waterkers,tuinkers,courgettes,aubergines,prei enzovoort
- Kruidenteelt,het telen van kappers,paprika's,venkel,peterselie,kervel,dragon,marjolein enzovoort
- Teelt van paddenstoelen en truffels
- Teelt van zaai- en plantgoed
- Bloementeelt
- Boomkwekerijen
- Teelt van zoden om te verplanten
- Fruitbedrijf,het versnijden,inpakken,bewaren en sorteren van groenten en fruit
- Cultuurteelt
- De import en export van groenten,fruit,land- en tuinbouwproducten,groot- en kleinhandel in land- en tuinbouwproducten
- Landbouwwerken voor eigen rekening en voor rekening van derden
- Ter beschikking stellen van opslagruimten aan derden
- Tussenpersoon in de handel
- Vervoer voor derden
- Goederenvervoer voor derden
- Opslag en vrachtbehandeling
- Verwerken en conserveren van groenten en fruit
- Sorteren en inpakken van groenten en fruit voor derden
- Vervaardigen van groenten- en fruitsappen
- Advies en bijstand aan de bedrijfswereld
- De productie en distributie van gas,elektriciteit,stoom en warm water
- Mestopslag
- Het verwerken van fruit,het snoeien en kweken van bomen
- Alle diensten verwant aan de landbouw
- Het verschaffen van logies voor kortstondig verblijf,al dan niet in combinatie met het verschaffen van maaltijden
- Aan- en verkoop,groot- en kleinhandel in sproeistoffen en bestrijdingsmiddelen allerhande
- De groot- en kleinhandel in:groenten en fruit,bloemen en planten,dranken,zuivelproducten en eieren,kruiderijen en specerijen,diepvriesproducten,vlees en vleeswaren,vis,schaal- en schelpdieren
- Verkoop aan de toog van eetwaren en dranken die ter plaatse verbruikt worden en in het algemeen wegwerpverpakkingen zoals die aangeboden worden in snelbuffetten zoals snackbars en sandwichbars
- De exploitatie van alle vervoerondernemingen,het vervoer van alle goederen,voorwerpen en personen op om het even welke wijze op de weg,per spoor,over het water of in de lucht,zowel nationaal als internationaal vervoer
- Het aannemen en uitvoeren van alle transporten
- Het uitvoeren van alle werkzaamheden in verband met vervoer,de aan- en verkoop van voertuigen,vervoermiddelen,materialen en benodigdheden,alsmede het uitvoeren van diensten in verband daarmee
- Organisatie en bemiddeling inzake transporten en bevrachtingen,welke het vervoermiddel ook weze
- Het huren en verhuren van alle transportmiddelen zowel te land,over het water of in de lucht
- Vrachtbehandeling,opslag en overslag van goederen
- Het verpakken van diverse goederen en bulkwaren voor rekening van derden
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71010A0315/00R000 | Flanders | 2,286 m² | 1 · 228 m² | 8.1 m · 2 |
| 71010A0318/00Y000 | Flanders | 1,153 m² | 1 · 151 m² | 8.4 m · 2 |