TCFN
Open bankruptcyA bankruptcy procedure is open for TCFN according to publications in the Belgian State Gazette; curator: SOPHIE SEINLET.
Summary
The 2024 annual accounts show equity of €199,249 and a net result of -€23,231.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 3 April 2026
- Supervising judge
- FRANçOISE Walheer
- Official Gazette
- 10-04-2026 (pdf) ↗search the document for 2026/115862
Deadlines
- Appeal or third-party opposition until
- passed on 25 April 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 3 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 May 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 3 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sophie SeinletRue Du Long Thier 2, 4500 Huysophie@seinlet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-08-2025, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d late
2023
177 d late
2022
273 d late
2021
31 d late
2020
20 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 95 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€538,286▲ 22.4%
2020 · €439,733
EBIT margin
18.5%▲ 17.6pp
2020 · 0.9%
Net result
-€23,231
2023 · €72,187
Working capital
€119,356▼ 21.1%
2023 · €151,200
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€439,733▲ 18.5%€538,286
Operating result€4,105▼ 81.4%€16,639▲ 305%€99,550▲ 498%€76,143▼ 23.5%-€14,842
Net result-€2,724within the sector's middle half€10,878within the sector's middle half€78,592above the sector's middle half▲ 622%€72,187above the sector's middle half▼ 8.1%-€23,231below the sector's middle half
EBIT margin0.9%▼ 5.0pp18.5%
Equity€60,822within the sector's middle half▼ 4.3%€71,700within the sector's middle half▲ 17.9%€150,292above the sector's middle half▲ 110%€222,479above the sector's middle half▲ 48.0%€199,249above the sector's middle half▼ 10.4%
Total assets€410,770above the sector's middle half▲ 26.9%€448,665within the sector's middle half▲ 9.2%€658,037above the sector's middle half▲ 46.7%€537,034above the sector's middle half▼ 18.4%€438,837above the sector's middle half▼ 18.3%
Debt€349,948▲ 34.5%€376,965▲ 7.7%€507,745▲ 34.7%€314,555▼ 38.0%€239,588▼ 23.8%
Working capital€1,324within the sector's middle half▼ 93.0%€61,776within the sector's middle half▲ 4,567%€75,558above the sector's middle half▲ 22.3%€151,200above the sector's middle half▲ 100%€119,356above the sector's middle half▼ 21.1%
Solvency14.8%within the sector's middle half▼ 4.8pp16.0%below the sector's middle half▲ 1.2pp22.8%within the sector's middle half▲ 6.9pp41.4%within the sector's middle half▲ 18.6pp45.4%within the sector's middle half▲ 4.0pp
Current ratio1.01within the sector's middle half▼ 0.121.31within the sector's middle half▲ 0.301.17within the sector's middle half▼ 0.141.49within the sector's middle half▲ 0.331.52within the sector's middle half▲ 0.02
Return on assets (ROA)-0.7%within the sector's middle half▼ 4.7pp2.4%within the sector's middle half▲ 3.1pp11.9%within the sector's middle half▲ 9.5pp13.4%within the sector's middle half▲ 1.5pp-5.3%below the sector's middle half▼ 18.7pp
Staff (FTE)2within the sector's middle half▼ 25.9%2
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14,842 after €76,143 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €438,837
Fixed assets
€88,689 ▲ 10.8%
Current assets
€350,148 ▼ 23.4%
Equity and liabilities €438,837
Equity
€199,249 ▼ 10.4%
Debt
€239,588 ▼ 23.8%
Debt's share of the balance-sheet total falls from 58.6% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47,044▼
2023 · €126,273
Cash flow
€38,655▼
2023 · €122,317
Debt to equity
1.20▼
2023 · 1.41
ROE
-11.7%▼
2023 · 32.4%
Interest coverage
5.61▼
2023 · 31.90
Debt ≤ 1 year
€230,792▼
2023 · €305,759
Debt > 1 year
€8,796=
2023 · €8,796
Staff costs
€124,796▼
2023 · €141,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €439,733 | - | €538,286 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €6,000 | - |
| Remuneration, social security and pensions62 | - | - | €60,463 | €141,972 | €124,796 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,141 | €49,574 | €57,418 | €50,130 | €61,886 | ▲ 23.5% |
| Other operating charges640/8 | - | €4,393 | €31,857 | €47,334 | €92,303 | ▲ 95.0% |
| Gross operating margin9900 | €148,535 | €70,606 | €249,288 | €315,579 | €264,143 | ▼ 16.3% |
| Operating profit (loss)9901 | €4,105 | €16,639 | €99,550 | €76,143 | -€14,842 | ▼ 119% |
| Financial income75/76B | - | - | €12,702 | €4 | €0 | ▼ 99.7% |
| Recurring financial income75 | €2,042 | - | €12,702 | €4 | €0 | ▼ 99.7% |
| Financial charges65/66B | - | €5,761 | €2,161 | €3,958 | €8,389 | ▲ 112% |
| Recurring financial charges65 | €8,871 | €5,761 | €2,161 | €3,958 | €8,389 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | -€2,724 | €10,878 | €110,092 | €72,188 | -€23,231 | ▼ 132% |
| Income taxes67/77 | €0 | - | €31,500 | €1 | - | - |
| Profit (loss) for the period9904 | -€2,724 | €10,878 | €78,592 | €72,187 | -€23,231 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | -€2,724 | €10,878 | €78,592 | €72,187 | -€23,231 | ▼ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €410,770 | €448,665 | €658,037 | €537,034 | €438,837 | ▼ 18.3% |
| Fixed assets21/28 | €235,763 | €186,189 | €129,555 | €80,075 | €88,689 | ▲ 10.8% |
| Tangible fixed assets22/27 | €231,298 | €181,724 | €125,090 | €74,960 | €53,574 | ▼ 28.5% |
| Furniture and vehicles24 | - | €5,967 | €4,396 | €1,742 | €8,592 | ▲ 393% |
| Leasing and similar rights25 | - | €175,757 | €120,694 | €73,218 | €44,981 | ▼ 38.6% |
| Financial fixed assets28 | €4,465 | €4,465 | €4,465 | €5,115 | €35,115 | ▲ 587% |
| Current assets29/58 | €175,007 | €262,476 | €528,481 | €456,959 | €350,148 | ▼ 23.4% |
| Amounts receivable after more than one year29 | - | €112,318 | €117,351 | €117,351 | €202,126 | ▲ 72.2% |
| Trade receivables290 | - | €112,318 | - | - | - | - |
| Other amounts receivable291 | - | - | €117,351 | €117,351 | €202,126 | ▲ 72.2% |
| Amounts receivable within one year40/41 | €54,839 | €148,390 | €402,193 | €251,871 | €148,023 | ▼ 41.2% |
| Trade receivables40 | - | €131,504 | €184,487 | €135,259 | €97,113 | ▼ 28.2% |
| Other amounts receivable41 | - | €16,886 | €217,706 | €116,612 | €50,910 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €0 | - | €1,088 | €83,942 | - | - |
| Deferred charges and accrued income490/1 | - | €1,768 | €7,849 | €3,795 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €410,770 | €448,665 | €658,037 | €537,034 | €438,837 | ▼ 18.3% |
| Equity10/15 | €60,822 | €71,700 | €150,292 | €222,479 | €199,249 | ▼ 10.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €45,138 | €45,138 | €45,138 | €45,138 | €45,138 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €43,278 | €43,278 | €43,278 | €43,278 | = |
| Profit (loss) carried forward14 | €9,483 | €20,362 | €98,953 | €171,140 | €147,910 | ▼ 13.6% |
| Amounts payable17/49 | €349,948 | €376,965 | €507,745 | €314,555 | €239,588 | ▼ 23.8% |
| Amounts payable after more than one year17 | €176,265 | €176,265 | €48,740 | €8,796 | €8,796 | = |
| Financial debts170/4 | - | €176,265 | €48,740 | €8,796 | €8,796 | = |
| Amounts payable within one year42/48 | €173,683 | €200,700 | €452,923 | €305,759 | €230,792 | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | - | €23,385 | €80,664 | €83,839 | €51,956 | ▼ 38.0% |
| Financial debts43 | - | €6,438 | €24,012 | - | €1,678 | - |
| Credit institutions430/8 | - | €6,438 | €24,012 | - | €1,678 | - |
| Trade debts44 | €51,942 | €135,786 | €282,373 | €94,025 | €88,586 | ▼ 5.8% |
| Suppliers440/4 | - | €135,786 | €282,373 | €94,025 | €88,586 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | €35,090 | €65,875 | €127,895 | €88,572 | ▼ 30.7% |
| Taxes450/3 | - | €7,974 | €65,875 | €89,322 | €46,981 | ▼ 47.4% |
| Remuneration and social security454/9 | - | €27,116 | - | €38,573 | €41,591 | ▲ 7.8% |
| Accrued charges and deferred income492/3 | - | - | €6,082 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,724 | €10,878 | €78,592 | €72,187 | -€23,231 | ▼ 132% |
| + Depreciation and write-downs630 | €45,141 | €49,574 | €57,418 | €50,130 | €61,886 | ▲ 23.5% |
| Operating cash flow (approximation) | €42,417 | €60,452 | €136,010 | €122,317 | €38,655 | ▼ 68.4% |
| Investment in fixed assets (approximation) | - | €0 | -€784 | -€650 | -€70,500 | ▼ 10,746% |
| Change in cash | - | - | - | €82,854 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
10-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 03-04-2026
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2024
31-12
Financial
Weakest financial yearnet -€23,231
Net result drops to -€23,231, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 273 days late
18-04
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise de Liège, division Liège · event 10-04-2024
2023
31-12
Financial
Equity above €200,000Eq €222,479 ▲48%
3 profitable years in a row build equity to €222,479.
2022
31-12
Financial
Highest result since 2018net €78,592 ▲622%
Operating result €99,550, net result €78,592, both a record.
31-12
Financial
Equity above €150,000Eq €150,292 ▲110%
2 profitable years in a row build equity to €150,292.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €10,878
Net result €10,878 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
Show earlier events
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2015
Ground area
1,023 m²
Building footprint
93 m²
Volume, LiDAR
507 m³
Parcel 64065A1252/00K000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TCFN
since 20152.238.258.469
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A1252/00K000 | Wallonia | 1,023 m² | 1 · 93 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOPHIE SEINLET RUE DU LONG THIER 2, 4500 HUY- |
03-04-2026 → present |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,212 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568562728
Also
9925:BE0568562728
Registered
05-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.