ACTIVE

TGW LOGISTICS

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Financial year 2025 · closed on 31/12/2025

Net result

19,1 k €

-72.4% YoY

Gross margin

175,3 k €

-37.0% YoY

Equity

354 k €

+5.7% YoY

Workforce

2,5 ETP

-16.7% YoY

What does TGW LOGISTICS do?

TGW LOGISTICS is a Private limited company incorporated in 2013. Its main activity is: Freight transport by road. Its registered office is in Dilsen-Stokkem. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0543.656.591

Incorporation

20/12/2013

Legal form

Private limited company

Registered office

Teutelbergstraat 63
3650 Dilsen-Stokkem · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road

Joint committees (2)

140
14003

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	175,3 k €	-37.0%	278,1 k €	-24.5%	368,3 k €	+131%	159,6 k €	-23.8%	209,4 k €	+35.3%	154,7 k €	-12.8%	177,4 k €	-18.5%	217,7 k €	-2.9%	224,2 k €	-29.3%	317,2 k €
EBITDA	42,2 k €	-62.0%	111 k €	-37.7%	178,3 k €	+274%	47,7 k €	-34.3%	72,6 k €	+5996%	-1,2 k €	-105%	24,4 k €	+38.3%	17,6 k €	-44.4%	31,6 k €	-64.5%	89,2 k €
Operating result	27 k €	-71.4%	94,6 k €	-31.0%	137,1 k €	+498%	22,9 k €	-60.7%	58,3 k €	+408%	-18,9 k €	-412%	6,1 k €	+321%	1,4 k €	-91.7%	17,4 k €	-74.3%	67,9 k €
Net result	19,1 k €	-72.4%	69,2 k €	-30.6%	99,7 k €	+544%	15,5 k €	-65.4%	44,8 k €	+336%	-18,9 k €	-923%	2,3 k €	+485%	-598,6 €	-106%	10,3 k €	-76.9%	44,7 k €
Balance sheet
Equity	354 k €	+5.7%	334,9 k €	+26.0%	265,7 k €	+60.1%	166 k €	+54.4%	107,5 k €	+71.3%	62,8 k €	-23.2%	81,7 k €	+2.9%	79,4 k €	-0.7%	80 k €	+14.8%	69,7 k €
Total assets	2,1 M €	+16.6%	1,8 M €	+22.2%	1,5 M €	+33.4%	1,1 M €	+43.5%	760 k €	+57.8%	481,7 k €	+67.1%	288,3 k €	+30.3%	221,2 k €	+8.6%	203,7 k €	+6.0%	192,2 k €
Cash	84,9 k €	-16.7%	101,9 k €	+14.2%	89,2 k €	+1106%	7,4 k €	-51.5%	15,3 k €	+183%	5,4 k €	-57.9%	12,8 k €	+21.2%	10,5 k €	-23.4%	13,8 k €	+193%	4,7 k €
Debts	1,7 M €	+19.5%	1,4 M €	+21.0%	1,2 M €	+28.9%	922 k €	+41.5%	651,8 k €	+55.9%	418 k €	+122%	188,1 k €	+89.8%	99,1 k €	+27.7%	77,6 k €	-36.6%	122,3 k €
Other
Workforce	2,5 ETP	-16.7%	3,0 ETP	+25.0%	2,4 ETP	+20.0%	2,0 ETP		–		–		–		–		4,0 ETP	+21.2%	3,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

TGW HOLDING

Director · since 29 juin 2023 · 0564.871.382

Represented by Elmar Gonnissen

Active

Ended mandates

TGW HOLDING

Director · since 01 novembre 2020 · 0564.871.382

Represented by Gonnissen Elmar

Ended

TGW HOLDING

Director · since 01 novembre 2020 · 0564.871.382

Represented by Elmar Gonnissen

Ended

Elly Wenmakers

Director · since 20 décembre 2013 · until 31 octobre 2020

Ended

ELLY WENMAKERS

Manager · since 20 décembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
BTW Groep Transport Gonnissen-Wenmakers● Active	0678.634.071
DRIGON● Active	1018.806.836
JEGON● Active	1018.797.037
TGW HOLDING● Active	0564.871.382
TGW IMMO● Active	0588.965.687
Transport Gonnissen - Wenmakers● Active	0443.413.130

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	18 months	12 months	12 months	12 months
Filing date	26/06/2026	28/07/2025	02/08/2024	09/01/2023	11/01/2022	18/12/2020
General meeting	23/06/2026	30/06/2025	28/06/2024	20/12/2022	12/11/2021	13/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	02/08/2024	Dutch	PDF
Abridged model	30/06/2022	20/12/2022	09/01/2023	Dutch	PDF
Micro model	30/06/2021	12/11/2021	11/01/2022	Dutch	PDF
Micro model	30/06/2020	13/11/2020	18/12/2020	Dutch	PDF
Micro model	30/06/2019	08/11/2019	16/12/2019	Dutch	PDF
Micro model	30/06/2018	09/11/2018	17/01/2019	Dutch	PDF
Micro model	30/06/2017	10/11/2017	27/02/2018	Dutch	PDF
Abridged model	30/06/2016	12/11/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	13/11/2015	21/12/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

TGW HOLDING

Director · since 29 juin 2023 · 0564.871.382

Represented by Elmar Gonnissen

Active

Ended mandates

TGW HOLDING

Director · since 01 novembre 2020 · 0564.871.382

Represented by Gonnissen Elmar

Ended

TGW HOLDING

Director · since 01 novembre 2020 · 0564.871.382

Represented by Elmar Gonnissen

Ended

Elly Wenmakers

Director · since 20 décembre 2013 · until 31 octobre 2020

Ended

ELLY WENMAKERS

Manager · since 20 décembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates25/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other10/01/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202519,1 k €↓
2024
Annual accounts 202469,2 k €↓
2023
Annual accounts 202399,7 k €↑
2022
Annual accounts 202215,5 k €↓
2020
Annual accounts 202044,8 k €↑
2019
Annual accounts 2019-18,9 k €↓
2018
Annual accounts 20182,3 k €↑
2017
Annual accounts 2017-598,6 €↓
2016
Annual accounts 201610,3 k €↓
2015
Annual accounts 201544,7 k €
20/12/2013
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TGW LOGISTICS

Overview

What does TGW LOGISTICS do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline