TEFCOLD BE
ActiveTEFCOLD BE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.63M and a net result of €742k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
95
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+24
Solvency100=
Growth53▲+3
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 4.63 against 4.96 in 2024), and 24% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76%
Return on assets
10%
Age of the figures
14 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
150 d late
2023
70 d early
2022
48 d early
2021
25 d late
2020
29 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.67M▲ 20.9%
2024 · €12.13M
2020: €10.64M
2021: €13.68M
2022: €12.09M
2023: €5.22M
2024: €12.13M
2020 → 2025
EBIT margin
7.1%▲ 4.3pp
2024 · 2.9%
2020: 15.2%
2021: 12.5%
2022: 21.0%
2023: 1.3%
2024: 2.9%
2020 → 2025
Net result
€742k▲ 171%
2024 · €274k
2018: €971k
2019: €953k
2020: €1.53M
2021: €1.76M
2022: €1.88M
2023: €164k
2024: €274k
2018 → 2025
Working capital
€5.71M▲ 19.5%
2024 · €4.77M
2018: €3.47M
2019: €3.31M
2020: €3.54M
2021: €3.45M
2022: €4.48M
2023: €4.55M
2024: €4.77M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.68M-€12.09M▼ 11.6%€5.22M▼ 56.9%€12.13M▲ 133%€14.67M▲ 20.9%
Equity€2.58M-€4.45M▲ 72.7%€4.62M▲ 3.7%€4.89M▲ 5.9%€5.63M▲ 15.2%
Operating result€1.71M-€2.54M▲ 48.7%€67k▼ 97.4%€350k▲ 423%€1.05M▲ 199%
Net result€1.76M-€1.88M▲ 6.5%€164k▼ 91.2%€274k▲ 66.8%€742k▲ 171%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 199% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.42M
Fixed assets
€140k▼ 38.2%
Current assets
€7.28M▲ 21.7%
Equity and liabilities €7.42M
Equity
€5.63M▲ 15.2%
Provisions
€86k▼ 18.7%
Debt
€1.70M▲ 40.5%
The debt ratio rises from 19.5% to 22.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.11M▲
2024 · €425k
Cash flow
€808k▲
2024 · €349k
Solvency
76.0%▼
2024 · 78.8%
Current ratio
4.63▼
2024 · 4.96
Quick ratio
2.77▲
2024 · 2.59
Debt / equity
0.30▲
2024 · 0.25
ROE
13.2%▲
2024 · 5.6%
ROA
10.0%▲
2024 · 4.4%
Debt
€1.70M▲
2024 · €1.21M
Debt ≤ 1 year
€1.57M▲
2024 · €1.21M
Income taxes
€297k▲
2024 · €141k
Staff costs
€1.31M▲
2024 · €1.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.21M€7.42M▲
Fixed assets21/28€227k€140k▼
Tangible fixed assets22/27€224k€137k▼
Plant, machinery and equipment23€91k€82k▼
Furniture and vehicles24€133k€55k▼
Financial fixed assets28€3k€3k=
Affiliated companies280/1€3k€3k=
Participating interests280€3k€3k=
Current assets29/58€5.98M€7.28M▲
Stocks and contracts in progress3€2.85M€2.93M▲
Stocks30/36€2.85M€2.93M▲
Goods purchased for resale34€2.85M€2.93M▲
Amounts receivable within one year40/41€1.73M€3.08M▲
Trade receivables40€1.60M€2.70M▲
Other amounts receivable41€130k€372k▲
Cash at bank and in hand54/58€1.40M€1.24M▼
Deferred charges and accrued income490/1€0€33k▲
Equity and liabilities
Total equity and liabilities10/49€6.21M€7.42M▲
Equity10/15€4.89M€5.63M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.83M€5.57M▲
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Distributable reserves133€4.78M€5.52M▲
Provisions and deferred taxes16€106k€86k▼
Provisions for liabilities and charges160/5€106k€86k▼
Other liabilities and charges164/5€106k€86k▼
Amounts payable17/49€1.21M€1.70M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Credit institutions173€0-
Amounts payable within one year42/48€1.21M€1.57M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€1.02M€986k▼
Suppliers440/4€1.02M€986k▼
Taxes, remuneration and social security45€186k€585k▲
Taxes450/3€31k€484k▲
Remuneration and social security454/9€155k€101k▼
Accrued charges and deferred income492/3€3k€126k▲
Income statement
Code20242025
Operating income70/76A€12.14M€14.67M▲
Turnover70€12.13M€14.67M▲
Other operating income74€3k€0▼
Non-recurring operating income76A€768€0▼
Operating charges60/66A€11.78M€13.62M▲
Goods for resale, raw materials and consumables60€8.45M€10.07M▲
Purchases600/8€8.19M€9.97M▲
Change in stocks: decrease (increase)609€258k€100k▼
Services and other goods61€2.00M€2.14M▲
Remuneration, social security and pensions62€1.27M€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€66k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-17k€12k▲
Other operating charges640/8€7k€17k▲
Non-recurring operating charges66A-€5k
Operating profit (loss)9901€350k€1.05M▲
Financial income75/76B€104k€22k▼
Recurring financial income75€104k€22k▼
Income from financial fixed assets750€31k€9k▼
Other financial income752/9€73k€13k▼
Financial charges65/66B€39k€30k▼
Recurring financial charges65€39k€30k▼
Debt charges650€2k€0▼
Other financial charges652/9€38k€30k▼
Profit (loss) for the period before taxes9903€415k€1.04M▲
Income taxes67/77€141k€297k▲
Taxes670/3€151k€297k▲
Tax adjustments and reversals of tax provisions77€10k€0▼
Profit (loss) for the period9904€274k€742k▲
Profit (loss) for the period to be appropriated9905€274k€742k▲
Appropriation of the result
Profit (loss) to be appropriated9906€274k€742k▲
Transfer to equity691/2€274k€742k▲
To other reserves6921€274k€742k▲
Social balance
Average headcount (FTE)908718.917.9▼
The notes to these accounts (47 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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Equity above €5MEq €5.63M ▲15.2%
8 profitable years in a row build equity to €5.63M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 150 days late
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Weakest financial yearnet €164k ▼91.2%
Net result drops to €164k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.88M ▲6.5%
Operating result €2.54M, net result €1.88M, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 29 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 directors, no change since 2025
Bart Aerts
CurrentBoard member · since 12-06-2025
Steven Van Sweevelt
CurrentBoard member · since 12-06-2025
Henrik Christensen
CurrentDirector · since 25-11-2022
Jesper Kirkeby Hansen
CurrentDirector · since 25-11-2022
Torben Lindblad Christensen
CurrentDirector · since 25-11-2022
Marc Gielen
CurrentBoard member · since 24-12-2018
+ 1 not shown in this overview
12-06-2025
Bart Aerts: Appointed as Board member
12-06-2025
Steven Van Sweevelt: Appointed as Board member
12-06-2025
Steven Van Sweevelt: Resigned as Board member
12-06-2025
Berten Thys: Resigned as Board member
30-05-2024
Steven Van Sweevelt: Appointed as Board member
30-05-2024
Berten Thys: Appointed as Board member
30-05-2024
Marc Gíelen: Resigned as Board member
28-11-2023
Marc Gielen: Appointed as Board member
28-11-2023
Berten Thys: Appointed as Board member
25-11-2022
Henrik Christensen: Appointed as Director
25-11-2022
Jesper Kirkeby Hansen: Appointed as Director
25-11-2022
Torben Lindblad Christensen: Appointed as Director
25-11-2022
Torben Lindblad Christensen: Appointed as Persoon belast met het dagelijks bestuur
25-11-2022
Jamar Katty: Resigned as Director
25-11-2022
Gielen NV: Resigned as Director
24-12-2018
Marc Gielen: Appointed as Gedelegeerd bestuurder/voorzitter
24-12-2018
Marc Gielen: Resigned as Director
24-12-2018
Jamar Katty: Appointed as Director
12-08-2016
Marc Gielen: Appointed as Bijkomend bestuurder
12-08-2016
Marc Gielen: Resigned as Gedelegeerd bestuurder/voorzitter
12-08-2016
Gielen NV: Appointed as Gedelegeerd bestuurder/voorzitter
12-08-2016
Gielen Marc: Appointed as Vaste vertegenwoordiger
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 1993
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.
Lichtenberglaan 10233800 Sint-TruidenGround area
1.7 ha
Building footprint
6,405 m²
Volume, LiDAR
53,897 m³
Parcel 71353I0052/00R000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TOPCOLD
since 19932.062.927.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353I0052/00R000 | Flanders | 1.7 ha | 1 · 6,405 m² | 10.0 m · 3 fl. |
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.
Statutory auditor
2 auditors| EY Bedrijfsrevisoren BVCurrent Statutory auditor | 17-12-2024 → present |
Show 1 earlier auditors
| Luc Beckers Statutory auditor succeeded by EY Bedrijfsrevisoren BV in 2024 | 11-08-2022 → 17-12-2024 |
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Of 970 companies in sector 46431 we hold annual accounts for 698. 256 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-05-1993
Fiscal year end30-06
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
46649Wholesale of other machinery and equipment
51873
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:011/782698