TCF
ActiveSummary
TCF has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €159k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+94
Solvency24▲+16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.75 in 2024; short-term debt: 96.8% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1991 sector peers (2025).
NBB · sector comparisonPosition among 1991 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d late
2023
29 d late
2022
31 d late
2021
123 d late
2020
144 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k▲ 97.5%
2024 · €-163k
2018: €40k
2019: €91k
2020: €-19k
2021: €189k
2022: €273k
2023: €-15k
2024: €-163k
2018 → 2025
Total assets
€796k▼ 14.6%
2024 · €932k
2018: €689k
2019: €909k
2020: €994k
2021: €1.15M
2022: €1.20M
2023: €1.11M
2024: €932k
2018 → 2025
Net result
€159k
2024 · €-148k
2018: €-58k
2019: €51k
2020: €-110k
2021: €244k
2022: €84k
2023: €-287k
2024: €-148k
2018 → 2025
Working capital
€-100k▲ 60.7%
2024 · €-255k
2018: €2k
2019: €-19k
2020: €-25k
2021: €147k
2022: €125k
2023: €-57k
2024: €-255k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€273k▲ 44.7%€-15k€-163k▼ 1,018%€-4k▲ 97.5%
Operating result€357k-€170k▼ 52.3%€-259k€-118k▲ 54.6%€161k
Net result€244k-€84k▼ 65.5%€-287k€-148k▲ 48.5%€159k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €161k after a loss of €118k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €796k
Fixed assets
€126k ▼ 29.8%
Current assets
€670k ▼ 10.9%
Key figures and ratios
EBITDA
€218k▲
2024 · €-60k
Cash flow
€215k▲
2024 · €-90k
Solvency
-0.5%▲
2024 · -17.5%
Current ratio
0.87▲
2024 · 0.75
ROA
19.9%▲
2024 · -15.9%
Interest coverage
11.43▲
2024 · -2.27
Debt
€800k▼
2024 · €1.09M
Debt ≤ 1 year
€770k▼
2024 · €1.01M
Debt > 1 year
€30k▼
2024 · €87k
Income taxes
€4k▼
2024 · €4k
Staff costs
€791k▼
2024 · €887k
A ratio outside any meaningful range has been withheld (balance sheet total €796k, equity €-4k).
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€932k€796k▼
Fixed assets21/28€179k€126k▼
Intangible fixed assets21€539€0▼
Tangible fixed assets22/27€178k€125k▼
Plant, machinery and equipment23€86k€56k▼
Furniture and vehicles24€78k€57k▼
Other tangible fixed assets26€14k€12k▼
Financial fixed assets28€533€583▲
Current assets29/58€752k€670k▼
Amounts receivable after more than one year29€9k€9k▼
Other amounts receivable291€9k€9k▼
Amounts receivable within one year40/41€711k€646k▼
Trade receivables40€671k€599k▼
Other amounts receivable41€40k€47k▲
Cash at bank and in hand54/58€14k€265▼
Deferred charges and accrued income490/1€18k€15k▼
Equity and liabilities
Total equity and liabilities10/49€932k€796k▼
Equity10/15€-163k€-4k▲
Contributions10/11€6k€6k=
Reserves13€267k€267k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€264k€264k=
Profit (loss) carried forward14€-435k€-277k▲
Amounts payable17/49€1.09M€800k▼
Amounts payable after more than one year17€87k€30k▼
Financial debts170/4€87k€30k▼
Amounts payable within one year42/48€1.01M€770k▼
Current portion of amounts payable after more than one year42€113k€58k▼
Financial debts43€100k€103k▲
Credit institutions430/8€100k€103k▲
Trade debts44€663k€522k▼
Suppliers440/4€663k€522k▼
Taxes, remuneration and social security45€106k€88k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€99k€80k▼
Other amounts payable47/48€25k-
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€887k€791k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€57k▼
Other operating charges640/8€111k€6k▼
Gross operating margin9900€938k€1.01M▲
Operating profit (loss)9901€-118k€161k▲
Financial income75/76B€126€20k▲
Recurring financial income75€126€3k▲
Non-recurring financial income76B-€17k
Financial charges65/66B€26k€19k▼
Recurring financial charges65€26k€19k▼
Profit (loss) for the period before taxes9903€-144k€162k▲
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€-148k€159k▲
Profit (loss) for the period to be appropriated9905€-148k€159k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-435k€-277k▲
Profit (loss) brought forward from the previous period14P€-287k€-435k▼
The notes to these accounts (11 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €159k
Net result €159k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-287k ▼441%
Net result drops to €-287k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €273k ▲44.7%
2 profitable years in a row build equity to €273k.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 123 days late
2021
31-12
Financial
Back to profitnet €244k
Net result €244k after one loss-making year.
31-12
Financial
Equity above €150kEq €189k
Equity rises from €-19k to €189k.
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 144 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Geel · 1 establishment unit since 2010
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.
Lammerdries 18A2440 GeelGround area
1.1 ha
Building footprint
4,331 m²
Volume, LiDAR
3,661 m³
Parcel 13373A0474/00D002, Flanders · tallest building 16.3 m. Linked by address, not a title deed.
1 establishment unit
TCF
since 20102.190.754.601
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373A0474/00D002 | Flanders | 1.1 ha | 1 · 4,331 m² | 16.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,119 EUR awarded · 1,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 930 EUR | 930 EUR |
| 2022 | 1 | 189 EUR | 189 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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COMPTOIR DES RESSOURCES CREATIVES
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LOUPIOTE ASBL
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Of 1,993 companies in sector 90120 we hold annual accounts for 209. 126 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
Founded12-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.