Summary
Tefa is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.3m and a net result of €2.2m. Equity has been growing by about 21% per year since 2021. Its solvency ranks better than 66% of 6,694 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-04-2021 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.318.855.175 1982 Zemst, since 26-04-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Vanhamme ThierryDirector · since 26-04-2021
- Holdings
- Shares in 5 companies including DARCO and konos
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €2.2m
- ▲ 32.8%
- Equity
- €10.3m
- ▲ 26.6%
- Total assets
- €15.0m
- ▲ 1.4%
- 2025 accounts filed 31 days after the deadline
Signalsraises risk2025 accounts filed 31 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
31 days late
2024
11 days late
2023
21 days late
2022
7 days late
2021
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 16 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488654.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 5 filings
Equity
€10.3m▲ 26.6%
2024 · €8.1m
Net result
€2.2m▲ 32.8%
2024 · €1.6m
Total assets
€15.0m▲ 1.4%
2024 · €14.8m
Solvency
68.6%▲ 13.6pp
2024 · 55.0%
In the rankings
#1 company by equity in Zemst#1 company by total assets in Zemst, Finance and insurance sector
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
€52,243
▼ 58.8%
2025
20212025
Net result
€2.2m
▲ 32.8%
2025
highest quarter of the sector
20212025
Equity
€10.3m
▲ 26.6%
2025
highest quarter of the sector
20212025
Total assets
€15.0m
▲ 1.4%
2025
highest quarter of the sector
20212025
Debt
€4.0m
▼ 32.7%
2025
20212025
Working capital
€158,052
▲ 39×
2025
middle half of the sector
20212025
Solvency
68.6%
▲ 13.6pp
2025
middle half of the sector
20212025
Current ratio
1.79
▲ 0.77
2025
middle half of the sector
20212025
Return on assets (ROA)
14.4%
▲ 3.4pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.05m-€0.09m▲ 105%€0.09m▼ 1.6%
Operating result€0.03m-€0.03m▲ 15.2%€0.04m▲ 5.9%€0.1m▲ 254%€0.05m▼ 58.8%
Net result€0.06mwithin the sector's middle half-€0.8mwithin the sector's middle half▲ 14×€0.9mwithin the sector's middle half▲ 18.8%€1.6mabove the sector's middle half▲ 77.3%€2.2mabove the sector's middle half▲ 32.8%
Equity€4.8mwithin the sector's middle half-€5.6mwithin the sector's middle half▲ 16.1%€6.5mwithin the sector's middle half▲ 16.4%€8.1mabove the sector's middle half▲ 25.0%€10.3mabove the sector's middle half▲ 26.6%
Total assets€17.7mwithin the sector's middle half-€17.6mwithin the sector's middle half▼ 0.1%€14.6mwithin the sector's middle half▼ 17.2%€14.8mabove the sector's middle half▲ 1.1%€15.0mabove the sector's middle half▲ 1.4%
Debt€12.2m-€11.4m▼ 6.5%€7.4m▼ 34.7%€6.0m▼ 19.7%€4.0m▼ 32.7%
Working capital-€3.6mbelow the sector's middle half--€3.5mbelow the sector's middle half▲ 0.6%-€0.2mwithin the sector's middle half▲ 93.3%€0.004mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 39×
Solvency27.2%within the sector's middle half-31.6%within the sector's middle half▲ 4.4pp44.5%within the sector's middle half▲ 12.8pp55.0%within the sector's middle half▲ 10.5pp68.6%within the sector's middle half▲ 13.6pp
Current ratio0.03below the sector's middle half-0.03below the sector's middle half=0.48within the sector's middle half▲ 0.451.02within the sector's middle half▲ 0.541.79within the sector's middle half▲ 0.77
Return on assets (ROA)0.3%within the sector's middle half-4.4%within the sector's middle half▲ 4.1pp6.3%within the sector's middle half▲ 1.9pp11.0%within the sector's middle half▲ 4.7pp14.4%above the sector's middle half▲ 3.4pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 59% lower than in 2024.
Large changes and their cause
- 2024 Net result +77% on 2023. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.0m
Fixed assets
€14.6m ▲ 0.6%
Current assets
€357,800 ▲ 54.5%
Equity and liabilities €15.0m
Equity
€10.3m ▲ 26.6%
Provisions
€689,216 ▲ 0.7%
Debt
€4.0m ▼ 32.7%
Debt's share of the balance-sheet total falls from 40.4% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
21.0%▲
2024 · 20.0%
Debt ≤ 1 year
€199,748▼
2024 · €227,562
Debt > 1 year
€3.7m▼
2024 · €5.7m
Income taxes
€1,641▲
2024 · €174
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,942 | €12,880 | €12,094 | - | €108,996 |
| Financial fixed assets | €17.5m | - | - | €170,000 | - |
| Depreciation and write-downs of the year | €3,231 | €10,694 | €15,989 | €17,115 | €29,662 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €0.05m | €0.09m | €0.1m | - | - | - |
| Turnover70 | €0.05m | €0.09m | €0.09m | - | - | - |
| Other operating income74 | - | - | €0.03m | - | - | - |
| Operating charges60/66A | €0.02m | €0.06m | €0.08m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | €0.001m | - | - | - | - |
| Purchases600/8 | - | €0.001m | - | - | - | - |
| Services and other goods61 | €0.01m | €0.05m | €0.06m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 73.3% |
| Other operating charges640/8 | €83 | €0.001m | €0.002m | €0.002m | €0.02m | ▲ 928% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | - |
| Gross operating margin9900 | - | - | - | €0.1m | €0.1m | ▼ 31.6% |
| Operating profit (loss)9901 | €0.03m | €0.03m | €0.04m | €0.1m | €0.05m | ▼ 58.8% |
| Financial income75/76B | €0.1m | €0.9m | €1.0m | €1.7m | €2.2m | ▲ 35.1% |
| Recurring financial income75 | €0.1m | €0.9m | €1.0m | €1.7m | €2.2m | ▲ 35.1% |
| Income from financial fixed assets750 | €0.1m | €0.9m | €1.0m | - | - | - |
| Other financial income752/9 | - | €1 | €103 | - | - | - |
| Non-recurring financial income76B | - | €396 | €403 | €410 | €417 | ▲ 1.7% |
| Financial charges65/66B | €0.09m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 20.5% |
| Recurring financial charges65 | €0.09m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 19.8% |
| Debt charges650 | €0.09m | €0.2m | €0.2m | - | - | - |
| Other financial charges652/9 | €35 | €87 | €39 | - | - | - |
| Non-recurring financial charges66B | - | €0.001m | €0.001m | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.8m | €0.9m | €1.6m | €2.2m | ▲ 32.9% |
| Income taxes67/77 | - | - | €164 | €174 | €0.002m | ▲ 843% |
| Taxes670/3 | - | - | €164 | - | - | - |
| Profit (loss) for the period9904 | €0.06m | €0.8m | €0.9m | €1.6m | €2.2m | ▲ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.8m | €0.9m | €1.6m | €2.2m | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.7m | €17.6m | €14.6m | €14.8m | €15.0m | ▲ 1.4% |
| Fixed assets21/28 | €17.5m | €17.5m | €14.4m | €14.6m | €14.6m | ▲ 0.6% |
| Tangible fixed assets22/27 | €0.04m | €0.04m | €0.04m | €0.02m | €0.1m | ▲ 419% |
| Plant, machinery and equipment23 | €0.04m | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 1.2% |
| Furniture and vehicles24 | €0.003m | €0.007m | €0.01m | €0.004m | €0.09m | ▲ 20× |
| Financial fixed assets28 | €17.5m | €17.5m | €14.4m | €14.5m | €14.5m | = |
| Affiliated companies280/1 | €17.5m | €17.5m | €14.4m | - | - | - |
| Participating interests280 | €17.5m | €17.5m | €14.4m | - | - | - |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 54.5% |
| Amounts receivable within one year40/41 | €0.03m | €0.04m | €0.04m | €0.04m | €0.05m | ▲ 50.0% |
| Trade receivables40 | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 0.3% |
| Other amounts receivable41 | €0.003m | - | - | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.001m | €0.2m | €0.1m | €0.2m | ▲ 39.8% |
| Deferred charges and accrued income490/1 | €0.001m | €0.08m | - | €0.05m | €0.1m | ▲ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.7m | €17.6m | €14.6m | €14.8m | €15.0m | ▲ 1.4% |
| Equity10/15 | €4.8m | €5.6m | €6.5m | €8.1m | €10.3m | ▲ 26.6% |
| Contributions10/11 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Profit (loss) carried forward14 | €0.006m | €0.8m | €1.7m | €3.3m | €5.5m | ▲ 65.0% |
| Provisions and deferred taxes16 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.7% |
| Provisions for liabilities and charges160/5 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.7% |
| Environmental obligations163 | - | - | - | €0.7m | €0.7m | ▲ 0.7% |
| Other liabilities and charges164/5 | €0.7m | €0.7m | €0.7m | - | - | - |
| Amounts payable17/49 | €12.2m | €11.4m | €7.4m | €6.0m | €4.0m | ▼ 32.7% |
| Amounts payable after more than one year17 | €8.4m | €7.6m | €6.7m | €5.7m | €3.7m | ▼ 35.2% |
| Financial debts170/4 | €8.4m | €7.6m | €6.7m | €5.7m | €3.7m | ▼ 35.2% |
| Subordinated loans170 | €8.4m | €7.6m | €6.7m | - | - | - |
| Amounts payable within one year42/48 | €3.7m | €3.7m | €0.5m | €0.2m | €0.2m | ▼ 12.2% |
| Trade debts44 | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | ▲ 46.0% |
| Suppliers440/4 | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | ▲ 46.0% |
| Taxes, remuneration and social security45 | - | €0.008m | €0.007m | €0.007m | €0.009m | ▲ 18.1% |
| Taxes450/3 | - | €0.008m | €0.007m | €0.007m | €0.009m | ▲ 18.1% |
| Other amounts payable47/48 | €3.7m | €3.6m | €0.5m | €0.2m | €0.2m | ▼ 13.7% |
| Accrued charges and deferred income492/3 | €0.09m | €0.2m | €0.3m | €0.06m | €0.1m | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.8m | €0.9m | €1.6m | €2.2m | ▲ 32.8% |
| + Depreciation and write-downs630 | €0.003m | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 73.3% |
| Operating cash flow (approximation) | €0.06m | €0.8m | €0.9m | €1.6m | €2.2m | ▲ 33.2% |
| Investment in fixed assets (approximation) | - | -€0.01m | €3.1m | -€0.2m | -€0.1m | ▲ 33.6% |
| Change in cash | - | -€0.09m | €0.2m | -€0.04m | €0.06m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00488654 | |
| 31-12-2024 | abbreviated format | 11-08-2025 | 2025-00378769 | |
| 31-12-2023 | full format | 21-08-2024 | 2024-00357277 | |
| 31-12-2022 | full format | 07-08-2023 | 2023-00317404 | |
| 31-12-2021 | full format | 10-08-2022 | 2022-20280870 |
Board & ownership
Directors
Directors
1 director
Vanhamme Thierry
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
5 holdingsHoldings 5
Source for every holding own accounts 2025
- Equity €1.5m Profit of €181,302 in 2025 (profit of €187,140 in 2024) Checked score 9350%
- Equity €2.0m Profit of €62,672 in 2025 (profit of €30,236 in 2024) Checked score 9650%
- Equity €715,678 Profit of €220,861 in 2025 (profit of €97,315 in 2024) Checked score 9550%
- Equity €305,808 Profit of €100,093 in 2025 (profit of €90,939 in 2024) Checked score 9750%
- Papierfabrik Netstal AGCHEquity €23.8mResult €3.9m47.85%
Board mandates elsewhere
1 board mandateBoard mandates of TefaTefa sits on their board1
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
abbreviated format · 31 days late
2025
31-12
Financial
Highest result from 2021 to 2025net €2.2m ▲32.8%
The net result of €2.2m is the highest of those years.
31-12
Financial
Equity above €10mequity €10.3m ▲26.6%
With a profit in every financial year since 2021, equity grows to €10.3m.
11-08
abbreviated format · 11 days late
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 1.02
The current ratio rises from 0.48 to 1.02. Short-term debt falls from €460,690 to €227,562.
21-08
full format · 21 days late
2023
07-08
full format · 7 days late
23-02
Gazette deed
Purpose change · Amendment of the articles“1. Het verlenen van diensten en adviezen aan derden. Het verlenen van administratieve prestaties en…” (deed in Dutch)2 points ▸
Gazette deed
Purpose change · Amendment of the articles
“1. Het verlenen van diensten en adviezen aan derden. Het verlenen van administratieve prestaties en…” (deed in Dutch)2 points ▸
- Purpose change, “1. Het verlenen van diensten en adviezen aan derden. Het verlenen van administratieve prestaties en computerservices; 2. Het verwerven van participaties,in…” (deed in Dutch)
- Power of attorney, Nele DE CUYPER
- The act holds 2 more points.
2022
31-12
Financial
Equity above €5mequity €5.6m ▲16.1%
With a profit in every financial year since 2021, equity grows to €5.6m.
10-08
full format · 10 days late
2021
28-04
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Tefa in Dutch
Enterprise number
0767.509.134
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-04-2021
Entity type
Legal entity
Registered office and establishments
Registered office
Tuilstraat 42a, 1982 Zemst, Belgium
Establishment unit
Tefa, Tuilstraat 42a, 1982 Zemst since 26-04-2021 · unit number 2.318.855.175
Activities
NACEBEL 202564210
Activities of holding companies main activity
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
82990
Other business support services
Invoicing and payment
VAT number
BE 0767.509.134
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
845 m²
Building footprint
155 m²
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23018C0152/00T000 | Flanders | 845 m² | 1 · 155 m² | 0.1 m |