NICO TORFS
ActiveNICO TORFS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €5k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 10.84 against 11.78 in 2024; short-term debt: 9.2% and cash: 61.7% of total assets), and 9.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.8%
Return on assets
9.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
12 d early
2023
22 d early
2022
45 d early
2021
2 d early
2020
39 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▼ 24.0%
2024 · €67k
2018: €27k
2019: €29k
2020: €28k
2021: €34k
2022: €35k
2023: €39k
2024: €67k
2018 → 2025
Total assets
€56k▼ 23.3%
2024 · €73k
2018: €68k
2019: €80k
2020: €67k
2021: €61k
2022: €50k
2023: €69k
2024: €73k
2018 → 2025
Net result
€5k▼ 81.0%
2024 · €28k
2018: €1k
2019: €3k
2020: €-1k
2021: €6k
2022: €3k
2023: €4k
2024: €28k
2018 → 2025
Working capital
€51k▼ 23.0%
2024 · €66k
2018: €24k
2019: €21k
2020: €20k
2021: €29k
2022: €30k
2023: €50k
2024: €66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€35k▲ 0.4%€39k▲ 12.4%€67k▲ 71.9%€51k▼ 24.0%
Operating result€10k-€6k▼ 40.3%€7k▲ 19.5%€40k▲ 464%€8k▼ 79.1%
Net result€6k-€3k▼ 51.0%€4k▲ 41.2%€28k▲ 552%€5k▼ 81.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €56k
Equity
€51k▼ 24.0%
Debt
€5k▼ 15.6%
The debt ratio rises from 8.4% to 9.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €40k
Cash flow
€6k▼
2024 · €28k
Solvency
90.8%▼
2024 · 91.6%
Current ratio
10.84▼
2024 · 11.78
Quick ratio
7.12▼
2024 · 10.15
Debt / equity
0.10▲
2024 · 0.09
ROE
10.5%▼
2024 · 41.8%
ROA
9.5%▼
2024 · 38.3%
Interest coverage
54.62▼
2024 · 108.65
Debt
€5k▼
2024 · €6k
Debt ≤ 1 year
€5k▼
2024 · €6k
Income taxes
€3k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€73k€56k▼
Fixed assets21/28€938€0▼
Tangible fixed assets22/27€938€0▼
Furniture and vehicles24€938€0▼
Leasing and similar rights25€0-
Current assets29/58€72k€56k▼
Stocks and contracts in progress3€10k€19k▲
Contracts in progress37€10k€19k▲
Amounts receivable within one year40/41€11k€1k▼
Trade receivables40€8k€0▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€51k€35k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€73k€56k▼
Equity10/15€67k€51k▼
Contributions10/11€13k€1▼
Reserves13€54k€51k▼
Distributable reserves133€54k€51k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0€1k▲
Other amounts payable47/48€2k€873▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€387€938▲
Other operating charges640/8€4k€763▼
Gross operating margin9900€45k€10k▼
Operating profit (loss)9901€40k€8k▼
Financial income75/76B€8€10▲
Recurring financial income75€8€10▲
Financial charges65/66B€371€170▼
Recurring financial charges65€371€170▼
Profit (loss) for the period before taxes9903€40k€8k▼
Income taxes67/77€12k€3k▼
Profit (loss) for the period9904€28k€5k▼
Profit (loss) for the period to be appropriated9905€28k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€5k▼
Transfer from equity791/2-€9k
Transfer to equity691/2€28k€5k▼
To other reserves6921€28k€5k▼
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €28k ▲552%
Operating result €40k, net result €28k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 11.78
Current ratio from 4.28 to 11.78; short-term debt falls from €15k to €6k.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-1k ▼145%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Begijnendijk · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Staeystraat 233130 BegijnendijkGround area
1,615 m²
Building footprint
163 m²
Volume, LiDAR
824 m³
Parcel 24010A0441/00D004, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20052.149.699.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010A0441/00D004 | Flanders | 1,614 m² | 1 · 162 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Charles PIROTTE
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JP PLATRE SPRL
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Of 4,011 companies in sector 43310 we hold annual accounts for 1,745. 1,519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2005
Fiscal year end30-09
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.