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TSAAR

In bankruptcy Private limited companyfounded 2020KBO/BCE: BE 0742.835.205
TSAAR
Financial year 2024
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Annual accounts 2024

micro format, filed on 25-06-2025, 36 days before the deadline
€86,254
▼ 74.1%
-€189,528
▼ €206,455
-€211,147
▼ €211,700
-€111,682
▼ €199,240
-45.4%
▼ 55.4 percentage points
0.66
▼ 0.53

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.

Turnover ≈ €260,000. Estimated: probably between €170,000 and €450,000.

Balance sheet

balance sheet total €318,373 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-45.4%

Higher than 8% of 1,285 companies in 2024.

0.66

Higher than 21% of 1,237 companies in 2024.

-66.3%

Lower than 95% of 1,250 companies in 2024.

TSAAR Middle half of the sector 80% of the sector Micro accounts in warehousing and transport support (NACE 52)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€38,824

Staff costs divided by the average number of full-time equivalents.

-14 people

people who joined people who left

In 2024, 2 people joined and 16 left. Training hours in 2024: 22.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20242023202220212020
Balance sheet: assets
20/58 318,373666,829477,040133,13879,224
21/28 98,428123,90888,76633,08516,865
22/27 98,428123,90888,76633,08516,865
23 29,17635,09036,000--
24 61,84976,12434,7819,80916,865
25 7,40312,69417,98523,276-
29/58 219,944542,921388,274100,05362,359
40/41 203,454492,246180,42673,05331,220
40 99,745421,988171,38273,05327,964
41 103,71070,2589,043-3,256
54/58 14,71348,650205,35623,34330,301
490/1 1,7772,0252,4923,658837
Balance sheet: equity and liabilities
10/49 318,373666,829477,040133,13879,224
10/15 -144,42066,72766,17547,61136,817
10/11 2,5002,5002,5002,5002,500
13 64,22764,22763,67545,11134,317
133 64,22764,22763,67545,11134,317
14 -211,147----
17/49 462,793600,102410,86585,52742,407
17 131,167144,739121,69017,86411,591
170/4 131,167144,739121,69017,86411,591
42/48 331,626455,363289,17567,66330,816
42 13,57316,41217,28515,4797,814
44 151,894165,918162,21012,6293,473
440/4 151,894165,918162,21012,6293,473
45 149,137250,751109,68039,55519,529
450/3 136,518201,076104,63639,55519,529
454/9 12,62049,6755,044--
47/48 17,02222,281---
Income statement
9900 86,254333,370144,64064,82075,880
62 209,649281,73272,51411,054-
630 26,73919,81818,25911,3306,961
640/8 39,39414,89324,0033,646610
9901 -189,52816,92729,86338,79168,309
75/76B 1-5-0
75 1-5-0
65/66B 21,3828,7256,6481,803936
65 21,3828,7256,6481,803936
9903 -210,9088,20223,22036,98767,373
67/77 2397,6494,6567,04013,732
9904 -211,14755218,56429,94753,642
9905 -211,14755218,56429,94753,642
Appropriation of the result
9906 -211,14755218,56429,94753,642
691/2 -55218,56410,79434,317
6921 -55218,56410,79434,317
694/7 ---19,15319,325
694 ---19,15319,325
Social balance sheet
9087 5.46.41.50.3-
Hours worked1013 6,5299,5782,289--
Document PDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 25-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 25-06-2025 2025-00178817 PDF
31-12-2023 abbreviated format 22-07-2024 2024-00274406 PDF
31-12-2022 micro format 07-08-2023 2023-00316529 PDF
31-12-2021 micro format 17-06-2022 2022-20075194 PDF
31-12-2020 micro format 23-06-2021 2021-24100382 PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €22,410 awarded, €22,410 paid

Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (discontinued)
€21,175
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,235
Year Entries AwardedPaid
2025 2 -€3,825€8,675
2024 1 €1,235€1,235
2022 1 €25,000€12,500

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020
-162,78936,74548,12350,12175,270
-184,40820,37036,82341,27760,602
1,26055,94173,94127,54923,826
-33,937-156,706182,013-6,959-
-111,68287,55999,09932,39031,543
-45.4%10.0%13.9%35.8%46.5%
0.661.191.341.482.02
-8.996.211.801.15
-0.8%28.1%62.9%145.7%
-66.3%0.1%3.9%22.5%67.7%
-7.614.217.2427.79-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date01421
full-time01311
part-time011-
in full-time equivalents-13.81.51
5.46.41.50.3
On a permanent contract01411
Joined22061
Left16850
Training hours220--

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€1,260€55,941€73,941€27,549
€26,739€19,818€18,259€11,330

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on TSAAR

The operating result for 2024 is a loss of €189,528, after a profit of €16,927 in 2023. It is the lowest result since 2020.

Equity is negative. Debt (€462,793) exceeds the balance-sheet total (€318,373).

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