ACTIVE

TSL

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Financial year 2025 · closed on 31/12/2025
Net result
179,1 k €
-30.5% YoY
Gross margin
4 M €
-1.4% YoY
Equity
1,4 M €
+4.4% YoY
Workforce
35,3 ETP
-2.8% YoY

What does TSL do?

TSL is a Private limited company incorporated in 2016. Its main activity is: Freight transport by road. Its registered office is in Tubize. It employs on average 35,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0657.857.166
Incorporation
30/06/2016
Legal form
Private limited company
Registered office
Rue Ilya Prigogine 2
1480 Tubize · WallonieSee on map
Contributed capital
365 000,00 €
Latest accounts
31/12/2025
Average workforce
35,3 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road52249Cargo handling52249Cargo handling52250Support activities for transportation52290Other transportation support activities
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin4 M €4 M €3,8 M €2,9 M €2,3 M €1,8 M €1,9 M €1,9 M €
EBITDA1,2 M €1,3 M €1,3 M €761 k €636,7 k €431,9 k €386,1 k €378,5 k €
Operating result362,9 k €464,9 k €649,6 k €392,6 k €451,2 k €313,1 k €284,7 k €295,6 k €
Net result179,1 k €257,7 k €527,2 k €272,5 k €346,3 k €242,1 k €207,5 k €193,6 k €
Balance sheet
Equity1,4 M €1,3 M €1,2 M €783,7 k €631,2 k €404,9 k €402,8 k €405,3 k €
Total assets5 M €5,6 M €6 M €5,4 M €2,6 M €1,6 M €1,3 M €970 k €
Cash331,6 k €511,6 k €345,6 k €657,3 k €577,6 k €372 k €412,7 k €247,9 k €
Debts3,6 M €4,3 M €4,8 M €4,6 M €1,9 M €1,2 M €895,6 k €563 k €
Other
Workforce35,3 ETP36,3 ETP34,6 ETP33,1 ETP27,7 ETP24,8 ETP25,4 ETP24,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Daniël Declercq

Director · since 01 septembre 2019

Active
WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Active

Ended mandates

WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
WESTRANS LOGISTICS

Manager · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
At this address

Other companies at this address

CompanyCBE no.
MISTER MOVE TRANSPORT● Active
1019.540.868
MM LOGISTIC● Bankrupt
0452.477.482
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/06/202606/06/202507/06/202430/06/202310/06/202202/07/2021
General meeting01/06/202601/06/202501/06/202401/06/202301/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202605/06/2026FrenchPDF
Abridged model31/12/202401/06/202506/06/2025FrenchPDF
Abridged model31/12/202301/06/202407/06/2024FrenchPDF
Abridged model31/12/202201/06/202330/06/2023FrenchPDF
Abridged model31/12/202101/06/202210/06/2022FrenchPDF
Abridged model31/12/202001/06/202102/07/2021FrenchPDF
Abridged model31/12/201902/06/202012/06/2020FrenchPDF
Abridged model31/12/201801/06/201927/06/2019FrenchPDF
Abridged model31/12/201701/06/201829/06/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 3 ended

Active mandates

Daniël Declercq

Director · since 01 septembre 2019

Active
WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Active

Ended mandates

WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
WESTRANS LOGISTICS

Manager · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
WESTRANS LOGISTICS

Director · since 20 juin 2016 · 0461.263.506

Represented by Wesley Declercq

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/03/2024
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office16/08/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/09/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other12/07/2016
    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

Timeline

  1. 2025
    Annual accounts 2025179,1 k €↓
  2. 2024
    Annual accounts 2024257,7 k €↓
  3. 2023
    Annual accounts 2023527,2 k €↑
  4. 2022
    Annual accounts 2022272,5 k €↓
  5. 2021
    Annual accounts 2021346,3 k €↑
  6. 2020
    Annual accounts 2020242,1 k €↑
  7. 2019
    Annual accounts 2019207,5 k €↑
  8. 2018
    Annual accounts 2018193,6 k €
  9. 30/06/2016
    IncorporationPrivate limited company