ACTIVE

TGW HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

15,4 k €

-68.2% YoY

Gross margin

304,9 k €

-4.3% YoY

Equity

734 k €

+2.1% YoY

Workforce

3,0 ETP

0.0% YoY

What does TGW HOLDING do?

TGW HOLDING is a Private limited company incorporated in 2014. Its main activity is: Freight transport by road. Its registered office is in Dilsen-Stokkem. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0564.871.382

Incorporation

21/10/2014

Legal form

Private limited company

Registered office

Teutelbergstraat 63
3650 Dilsen-Stokkem · FlandreSee on map

Contributed capital

654 396,97 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 64200Activities of holding companies 64210Activities of holding companies

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016
Income statement
Gross margin	304,9 k €	-4.3%	318,5 k €	-21.2%	404,3 k €	+80.4%	224,1 k €	+14.2%	196,2 k €	-22.6%	253,6 k €	+7.6%	235,7 k €	+196%	79,6 k €	+2105%	3,6 k €
EBITDA	23,6 k €	-61.6%	61,5 k €	+522%	9,9 k €	+321%	2,3 k €	+963%	-272,1 €	-104%	6,2 k €	+302%	1,5 k €	+1148%	124 €	+102%	-6,5 k €
Operating result	23,6 k €	-61.6%	61,5 k €	+522%	9,9 k €	+321%	2,3 k €	+963%	-272,1 €	-104%	6,2 k €	+302%	1,5 k €	+1148%	124 €	+102%	-6,5 k €
Net result	15,4 k €	-68.2%	48,6 k €	+603%	6,9 k €	+196%	-7,2 k €	-467%	-1,3 k €	-141%	3,1 k €	+91.1%	1,6 k €	+1500%	102,9 €	+102%	-6,5 k €
Balance sheet
Equity	734 k €	+2.1%	718,6 k €	+7.3%	670 k €	+1.0%	663 k €	-0.8%	668,2 k €	-0.2%	669,5 k €	+1625%	38,8 k €	+4.4%	37,2 k €	+208%	12,1 k €
Total assets	1,5 M €	+1.9%	1,5 M €	+1.9%	1,5 M €	+12.1%	1,3 M €	+11.8%	1,2 M €	+1.0%	1,2 M €	+85.6%	630,7 k €	+137%	266,4 k €	+58.5%	168,1 k €
Cash	20,1 k €	-6.4%	21,5 k €	-7.6%	23,3 k €	+26.7%	18,4 k €	+3012%	590,9 €	+105%	288,2 €	-85.6%	2 k €	-91.8%	24,6 k €	+610%	3,5 k €
Debts	803,1 k €	+1.7%	789,9 k €	-2.6%	810,9 k €	+23.3%	657,9 k €	+28.1%	513,5 k €	+2.5%	500,9 k €	+6.8%	468,9 k €	+111%	222 k €	+45.3%	152,8 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP		–		–		–		–		–		0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Elly Wenmakers

Director · since 29 juin 2023

Active

Elmar Gonnissen

Director · since 29 juin 2023

Active

Ended mandates

ELLY JOSEE NELLY WENMAKERS

Manager · since 21 octobre 2014

Ended

Elly Wenmakers

Manager · since 21 octobre 2014

Ended

Elmar Gonnissen

Manager · since 21 octobre 2014

Ended

ELMAR THEO LUDOVICUS GONNISSEN

Manager · since 21 octobre 2014

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 IMMO● Active	0588.965.687
TGW LOGISTICS● Active	0543.656.591
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	30/08/2024	26/01/2023	11/01/2022	21/12/2020
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

10 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	30/08/2024	Dutch	PDF
Abridged model	30/06/2022	20/12/2022	26/01/2023	Dutch	PDF
Micro model	30/06/2021	12/11/2021	11/01/2022	Dutch	PDF
Micro model	30/06/2020	13/11/2020	21/12/2020	Dutch	PDF
Micro model	30/06/2019	08/11/2019	08/01/2020	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	27/02/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 10 ended

Active mandates

Elly Wenmakers

Director · since 29 juin 2023

Active

Elmar Gonnissen

Director · since 29 juin 2023

Active

Ended mandates

ELLY JOSEE NELLY WENMAKERS

Manager · since 21 octobre 2014

Ended

Elly Wenmakers

Manager · since 21 octobre 2014

Ended

Elmar Gonnissen

Manager · since 21 octobre 2014

Ended

ELMAR THEO LUDOVICUS GONNISSEN

Manager · since 21 octobre 2014

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
Capital / shares02/04/2019
KAPITAAL - AANDELEN
PDF
Restructuring14/08/2017
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other23/06/2017
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring22/06/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other23/10/2014
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 202515,4 k €↓
2024
Annual accounts 202448,6 k €↑
2023
Annual accounts 20236,9 k €↑
2022
Annual accounts 2022-7,2 k €↓
2020
Annual accounts 2020-1,3 k €↓
2019
Annual accounts 20193,1 k €↑
2018
Annual accounts 20181,6 k €↑
2017
Annual accounts 2017102,9 €↑
2016
Annual accounts 2016-6,5 k €
21/10/2014
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 HOLDING

Overview

What does TGW HOLDING do?

Trend over 9 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