Equity
€830,019 ▲ 18.9%
TGL has made a profit in every financial year since 2011.
TGL
Lifetime
15 annual accounts with figures on one time axispeak €3.0m (2025)
€3.0m▲ 7.4%
peak €146,108 (2024)
€123,073▼ 15.8%
peak €830,019 (2025)
€830,019▲ 18.9%
€3.2m▼ 7.7%
peak 41.6 FTE (2023)
40.9 FTE▲ 2.8%
Board4 names since 2017
2 directors and 1 other
Owners3 names in the annual accounts
consolidates
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Equity from €698,219 to €830,019Cash from €14,518 to €64,269
Key points
from the 2025 annual accountsDebts
€3.2m 79% of the balance sheet
Financial debts 37%Suppliers 18%Taxes and wages 8%Other 37%
€1.6m of the debts are secured on the company's own assets. In 2021 that was €665,579.
Investments
€131,789 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
33 employees on 31-12-2025
In 2025, 16 people joined and 28 left.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 0 to 46 days before the end of the period.
Board
1 left
A director left. Latest change 03-04-2026 · 1 in office.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as TGL has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 TGL. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Resignation: (director)
Director discharge: · General meeting of 05-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0837470581
2 managers resigning, 2 directors reappointed
Resignations: (manager) and (manager) · Reappointments: and · General meeting of 15-11-2023 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 25-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TGL Theux | €4.0m | €3.0m | 20.6% | 40.9 |
| Mozer High-Tech Logistics Herstal | €3.5m | €2.9m | 55.0% | 37.8 |
| MWM LOGISTICS Steenokkerzeel | €3.4m | €3.2m | -4.3% | 38 |
| 4D TRANS Torhout | €3.7m | €4.0m | 18.2% | 46.5 |
| MIDDLEGATE EUROPE Grâce-Hollogne | €4.8m | €3.5m | 25.9% | 37.1 |
| B.S. SERVICES Seraing | €4.3m | €3.5m | 49.9% | 34.2 |
| LC MOBILITE ET SERVICES Anhée | €3.7m | €2.3m | 16.7% | 36.8 |
These companies have the same main activity as TGL: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €3.4m and €4.8m, founded between 2003 and 2014.
Official details
Source: KBO- Status
- Active since 01-07-2011Normal situation
- Activity
- Freight transport by roadNACE 49410and 1 other
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140Transport and logistics · annual accounts 2025
- Establishment unit
- 2.200.741.6414880 Aubel, since 01-08-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- ≈ €5.7mestimated
- €4.0m▼ 3.2%
- Employeeson 31-12-2025
- 33▼ 26.7%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on TGL
TGL files the abbreviated format. That format states no turnover. The gross margin rose from €57,657 in 2011 to €3.0m in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TGL
- What is the company number of TGL?
- The company number of TGL is 0837.470.581. The VAT number is the same number with BE in front: BE 0837.470.581.
- Where is TGL based?
- The registered office is at Rue Armand Enkart 64, 4910 Theux.Company details
- What does TGL do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of TGL?
- TGL is a private limited company (BV).
- When was TGL founded?
- TGL was founded on 01-07-2011.
- Is TGL still active?
- Yes, TGL is an active enterprise in the KBO register.
- How many employees does TGL have?
- TGL had an average of 40.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TGL fall under?
- In its 2025 annual accounts, TGL states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140 (Transport and logistics).
- What is the turnover of TGL?
- The turnover in financial year 2025 is ≈ €5.7m. This figure is estimated from the gross margin of €3.0m and 31 comparable companies (NACE 49410). It probably lies between €5.0m and €6.7m.
- Is TGL profitable?
- In financial year 2025, TGL made a profit of €123,073.
- Where can I find the annual accounts of TGL?
- TGL filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TGL due?
- TGL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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