TEFAMI
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
Equity
-€689,421▼ 25.1%
2024 · -€551,272
Total assets
€144,866▼ 19.7%
2024 · €180,383
Net result
-€138,150▲ 83.1%
2024 · -€819,235
Working capital
-€467,609▲ 3.6%
2024 · -€485,218
Trend over the years
2022 to 2025, 5 financial years 2021 to 2025, 6 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.1m
2025
Equity-€0.7m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-95.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-475.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.05
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023202420242025
Operating result€0.02m-€0.1m▲ 410%€0.2m▲ 106%€0.01m▼ 95.2%-€0.007m-€0.02m
Net result€0.005mwithin the sector's middle half-€0.08mwithin the sector's middle half▲ 1,394%€0.2mabove the sector's middle half▲ 105%€0.01mwithin the sector's middle half▼ 94.1%-€0.8mbelow the sector's middle half--€0.1mbelow the sector's middle half▲ 83.1%
Equity€0.01mbelow the sector's middle half-€0.09mwithin the sector's middle half▲ 624%€0.3mwithin the sector's middle half▲ 177%€0.3mwithin the sector's middle half▲ 3.8%-€0.6mbelow the sector's middle half--€0.7mbelow the sector's middle half▼ 25.1%
Total assets€1.0mwithin the sector's middle half-€1.0mwithin the sector's middle half▼ 1.3%€1.0mwithin the sector's middle half▼ 2.1%€1.0mwithin the sector's middle half▼ 2.1%€0.2mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 19.7%
Debt€1.0m-€0.9m▼ 9.1%€0.7m▼ 20.0%€0.7m▼ 4.1%€0.7m-€0.8m▲ 14.0%
Working capital-€0.07mwithin the sector's middle half--€0.09mwithin the sector's middle half▼ 22.7%-€0.1mwithin the sector's middle half▼ 35.4%-€0.09mwithin the sector's middle half▲ 20.5%-€0.5mbelow the sector's middle half--€0.5mbelow the sector's middle half▲ 3.6%
Solvency1.2%below the sector's middle half-9.1%below the sector's middle half▲ 7.9pp25.8%within the sector's middle half▲ 16.7pp27.3%within the sector's middle half▲ 1.5pp-305.6%below the sector's middle half--475.9%below the sector's middle half▼ 170.3pp
Current ratio0.55within the sector's middle half-0.46below the sector's middle half▼ 0.090.30below the sector's middle half▼ 0.150.25below the sector's middle half▼ 0.060.07below the sector's middle half-0.05below the sector's middle half▼ 0.02
Return on assets (ROA)0.5%within the sector's middle half-7.9%above the sector's middle half▲ 7.3pp16.5%above the sector's middle half▲ 8.6pp1.0%within the sector's middle half▼ 15.5pp-454.2%below the sector's middle half--95.4%below the sector's middle half▲ 358.8pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Why a figure moved sharply
- 2025 Net result +83% on 2024. The previous financial year ran 8 months, this one 12.
- 2024 Net result -94% on 2023. This financial year ran 4 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,866
Fixed assets
€121,001 ▼ 15.1%
Current assets
€23,865 ▼ 37.0%
Equity and liabilities
Equity-€689,421
Debt€834,287
Equity is negative: debt (€834,287) exceeds the balance-sheet total (€144,866).
Key figures and ratios
Debt ≤ 1 year
€491,474▼
2024 · €523,101
Debt > 1 year
€200,000=
2024 · €200,000
Income taxes
€0▼
2024 · €2,577
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,926 | €137 | €303 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €20,565 | -€20,565 | - |
| Other operating charges640/8 | €369 | €571 | €603 | €1,143 | €293 | €0 | ▼ 100% |
| Gross operating margin9900 | €24,842 | €110,665 | €227,361 | €12,022 | €14,213 | -€88 | - |
| Operating profit (loss)9901 | €21,547 | €109,956 | €226,455 | €10,880 | -€6,644 | €20,477 | - |
| Financial income75/76B | - | - | - | - | - | €52 | - |
| Recurring financial income75 | - | - | - | - | - | €52 | - |
| Financial charges65/66B | €14,137 | €7,778 | €11,922 | €1,086 | €810,014 | €158,678 | ▼ 80.4% |
| Recurring financial charges65 | €14,137 | €7,778 | €11,922 | €1,086 | €810,014 | €137,179 | ▼ 83.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €21,499 | - |
| Profit (loss) for the period before taxes9903 | €7,410 | €102,178 | €214,532 | €9,794 | -€816,658 | -€138,150 | ▲ 83.1% |
| Income taxes67/77 | €2,032 | €21,832 | €49,586 | - | €2,577 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,378 | €80,346 | €164,946 | €9,794 | -€819,235 | -€138,150 | ▲ 83.1% |
| Profit (loss) for the period to be appropriated9905 | €5,378 | €80,346 | €164,946 | €9,794 | -€819,235 | -€138,150 | ▲ 83.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €1.0m | €0.2m | €0.1m | ▼ 19.7% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €0.1m | €0.1m | ▼ 15.1% |
| Tangible fixed assets22/27 | €275 | €137 | €425 | - | - | - | - |
| Furniture and vehicles24 | €275 | €137 | €425 | - | - | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €0.1m | €0.1m | ▼ 15.1% |
| Current assets29/58 | €0.09m | €0.07m | €0.05m | €0.03m | €0.04m | €0.02m | ▼ 37.0% |
| Amounts receivable within one year40/41 | €0.07m | €0.02m | €0.02m | €0.02m | €0.01m | €16 | ▼ 99.8% |
| Trade receivables40 | €0.07m | €0.02m | €0.02m | €0.02m | €0.009m | €0 | ▼ 100% |
| Other amounts receivable41 | €168 | €21 | €0 | €4 | €320 | €16 | ▼ 95.2% |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.03m | €0.006m | €0.03m | €0.02m | ▼ 15.5% |
| Deferred charges and accrued income490/1 | €0.003m | €0 | - | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €1.0m | €0.2m | €0.1m | ▼ 19.7% |
| Equity10/15 | €0.01m | €0.09m | €0.3m | €0.3m | -€0.6m | -€0.7m | ▼ 25.1% |
| Contributions10/11 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Reserves13 | €0.005m | €0.09m | €0.3m | €0.3m | €0.005m | €0.005m | = |
| Distributable reserves133 | €0.005m | €0.09m | €0.3m | €0.3m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | - | - | - | €0.01m | -€0.6m | -€0.7m | ▼ 24.5% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 14.0% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.6m | €0.6m | €0.2m | €0.2m | = |
| Financial debts170/4 | €0.8m | €0.7m | €0.5m | €0.5m | €0.1m | €0.1m | = |
| Other amounts payable178/9 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.1m | €0.5m | €0.5m | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | €0.1m | €0.07m | €0.4m | €0.4m | = |
| Trade debts44 | €0.001m | €0.001m | €0.001m | - | €0.002m | €45 | ▼ 98.1% |
| Suppliers440/4 | €0.001m | €0.001m | €0.001m | - | €0.002m | €45 | ▼ 98.1% |
| Advances received on contracts in progress46 | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0.02m | €0.04m | €0.07m | €0.05m | €0.05m | €0.05m | = |
| Taxes450/3 | €0.01m | €0.04m | €0.07m | €0.05m | €0.05m | €0.05m | = |
| Remuneration and social security454/9 | €0.01m | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €0.04m | €0.02m | €0.001m | €484 | €484 | €484 | = |
| Accrued charges and deferred income492/3 | €0.002m | €0.002m | €0.004m | €0.02m | €0.009m | €0.1m | ▲ 1,570% |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,378 | €80,346 | €164,946 | €9,794 | -€819,235 | -€138,150 | ▲ 83.1% |
| + Depreciation and write-downs630 | €2,926 | €137 | €303 | - | - | - | - |
| Operating cash flow (approximation) | €8,303 | €80,484 | €165,250 | €9,794 | -€819,235 | -€138,150 | ▲ 83.1% |
| Investment in fixed assets (approximation) | - | €0 | -€591 | €425 | - | €21,499 | - |
| Change in cash | - | €36,814 | -€21,431 | -€20,271 | - | -€4,388 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 10-04-2026 | 2026-00076666 |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00081400 |
| 22-01-2024 | abbreviated format | 01-07-2024 | 2024-00189292 |
| 30-09-2023 | abbreviated format | 07-02-2024 | 2024-00027342 |
| 30-09-2022 | abbreviated format | 17-04-2023 | 2023-00059945 |
| 30-09-2021 | abbreviated format | 28-04-2022 | 2022-20010618 |
Similar companies · same sector and region
'T GRAVENSTEEN
BE 0441.144.320
Brugge
A- A VAT
BE 0797.264.873
Brugge
A.S.K.
BE 0429.728.806
Brugge
ALTOHAUS
BE 0682.459.633
Brugge
Alysee Projectontwikkeling
BE 0831.759.855
Brugge
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,540 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,338. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.