T.C.F.
ActiveSummary
T.C.F. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €197k and a net result of €-97k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-62
Solvency95▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.59 against 3.68 in 2023; short-term debt: 19.9% and cash: 54.8% of total assets), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.2%
Return on assets
-34.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-97k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
22 d early
2022
21 d early
2021
5 d early
2020
4 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€197k▼ 32.9%
2023 · €294k
2018: €170k
2019: €107k
2020: €254k
2021: €298k
2022: €318k
2023: €294k
2018 → 2024
Total assets
€281k▼ 38.4%
2023 · €457k
2018: €341k
2019: €231k
2020: €483k
2021: €609k
2022: €704k
2023: €457k
2018 → 2024
Net result
€-97k▼ 306%
2023 · €-24k
2018: €11k
2019: €-59k
2020: €146k
2021: €44k
2022: €20k
2023: €-24k
2018 → 2024
Working capital
€145k▼ 34.6%
2023 · €222k
2018: €119k
2019: €71k
2020: €199k
2021: €76k
2022: €242k
2023: €222k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€254k-€298k▲ 17.5%€318k▲ 6.7%€294k▼ 7.5%€197k▼ 32.9%
Operating result€180k-€50k▼ 72.4%€36k▼ 27.3%€-18k€-93k▼ 419%
Net result€146k-€44k▼ 69.6%€20k▼ 55.3%€-24k€-97k▼ 306%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €93k in 2024 against €18k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €281k
Fixed assets
€80k ▼ 47.2%
Current assets
€201k ▼ 34.0%
Equity and liabilities €281k
Equity
€197k ▼ 32.9%
Debt
€84k ▼ 48.4%
Debt's share of the balance-sheet total falls from 35.6% to 29.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-21k▼
2023 · €54k
Cash flow
€-25k▼
2023 · €48k
Current ratio
3.59▼
2023 · 3.68
Quick ratio
3.56▼
2023 · 3.65
Debt to equity
0.42▼
2023 · 0.55
ROE
-49.0%▼
2023 · -8.1%
ROA
-34.4%▼
2023 · -5.2%
Interest coverage
-4.91▼
2023 · 8.45
Debt ≤ 1 year
€56k▼
2023 · €83k
Debt > 1 year
€28k▼
2023 · €77k
Income taxes
€0
Staff costs
€6k▼
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€457k€281k▼
Fixed assets21/28€152k€80k▼
Tangible fixed assets22/27€151k€79k▼
Land and buildings22€1k€928▼
Plant, machinery and equipment23€24k€15k▼
Furniture and vehicles24€95k€62k▼
Leasing and similar rights25€32k€425▼
Financial fixed assets28€1k€1k=
Current assets29/58€305k€201k▼
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€62k€41k▼
Trade receivables40€27k€13k▼
Other amounts receivable41€35k€28k▼
Cash at bank and in hand54/58€236k€154k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€457k€281k▼
Equity10/15€294k€197k▼
Contributions10/11€19k€19k=
Reserves13€100k€100k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€176k€79k▼
Amounts payable17/49€162k€84k▼
Amounts payable after more than one year17€77k€28k▼
Financial debts170/4€77k€28k▼
Amounts payable within one year42/48€83k€56k▼
Current portion of amounts payable after more than one year42€68k€49k▼
Trade debts44€14k€6k▼
Suppliers440/4€14k€6k▼
Bills of exchange payable441-€160
Other amounts payable47/48€418€914▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€45k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€72k▼
Other operating charges640/8€6k€4k▼
Gross operating margin9900€105k€-11k▼
Operating profit (loss)9901€-18k€-93k▼
Financial income75/76B€473€498▲
Recurring financial income75€473€498▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€-24k€-97k▼
Income taxes67/77-€0
Profit (loss) for the period9904€-24k€-97k▼
Profit (loss) for the period to be appropriated9905€-24k€-97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€79k▼
Profit (loss) brought forward from the previous period14P€199k€176k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-97k
Net result drops to €-97k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €146k
Net result €146k after one loss-making year.
31-12
Financial
Equity above €200kEq €254k ▲136%
Equity rises from €107k to €254k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Raeren · 2 establishment units since 1988
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.
Neudorfer Strasse 9C4730 RaerenGround area
1,223 m²
Building footprint
124 m²
Volume, LiDAR
1,331 m³
Parcel 63048D0317/00H000, Wallonia · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Neudorfer Strasse 9 C/2, 4730 Raeren
since 19882.039.065.605
T.C.F.
since 20162.270.970.235
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63048D0317/00H000 | Wallonia | 1,223 m² | 1 · 124 m² | 12.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
10 categoriesT.C.F. SRL31945
Similar companies · same sector, comparable size
J T SERVICES
BE 0827.852.339
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RiRoo
BE 0786.556.568
Diksmuide · Eq €197,454
POLYCONSTRUCT
BE 0440.048.913
Vorst · Eq €197,052
Nicolas Lievens
BE 0802.163.769
Sint-Pieters-Leeuw · Eq €196,784
H & A Technics
BE 0523.969.452
Zele · Eq €198,114
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,602 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
25110Manufacture of metal structures and parts of structures
25999Manufacture of fabricated metal products, except machinery and equipment
28410Manufacture of machinery and equipment not elsewhere classified
41001General construction of residential buildings
42110Construction of roads and motorways
43110Demolition
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.