TF & CO
Bankruptcy closedInactive since 08-09-2026; last annual accounts for fiscal year 2024.
Summary
TF & CO was declared bankrupt on 29-09-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 01-09-2026, published in the Belgian State Gazette on 17-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 12-12-2024, 50 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
50 d early
2022
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 299%
2022 · €9k
2022: €9k
2024: €35k
2022 → 2024
Total assets
€72k▲ 78.8%
2022 · €40k
2022: €40k
2024: €72k
2022 → 2024
Net result
€-232▲ 97.9%
2022 · €-11k
2022: €-11k
2024: €-232
2022 → 2024
Working capital
€24k
2022 · €-5k
2022: €-5k
2024: €24k
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222024Trend
Equity€9k-€35k▲ 299%
2022: €9k
2024: €35k
Operating result€-11k-€-1k▲ 89.8%
2022: €-11k
2024: €-1k
Net result€-11k-€-232▲ 97.9%
2022: €-11k
2024: €-232
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-1k in 2024, compared with €-11k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €72k
Fixed assets
€13k ▼ 61.7%
Current assets
€59k ▲ 732%
Equity and liabilities €72k
Equity
€35k ▲ 299%
Debt
€36k ▲ 16.0%
Debt's share of the balance-sheet total falls from 77.8% to 50.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2022 · €-3k
Cash flow
€10k▲
2022 · €-3k
Current ratio
1.70▲
2022 · 0.60
Debt to equity
1.02▼
2022 · 3.51
ROE
-0.7%▲
2022 · -125.1%
ROA
-0.3%▲
2022 · -27.7%
Interest coverage
9.62▲
2022 · -4.84
Debt ≤ 1 year
€35k▲
2022 · €12k
Debt > 1 year
€2k▼
2022 · €19k
Staff costs
€40k▲
2022 · €97
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 · 2024 against 2022 · 41 lines
Balance sheet
Code20222024
Assets
Total assets20/58€40k€72k▲
Fixed assets21/28€33k€13k▼
Tangible fixed assets22/27€33k€13k▼
Leasing and similar rights25€33k€13k▼
Current assets29/58€7k€59k▲
Amounts receivable within one year40/41€7k€58k▲
Trade receivables40-€18k
Other amounts receivable41€7k€40k▲
Current investments50/53-€44
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€40k€72k▲
Equity10/15€9k€35k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-11k€15k▲
Amounts payable17/49€31k€36k▲
Amounts payable after more than one year17€19k€2k▼
Financial debts170/4€19k€2k▼
Amounts payable within one year42/48€12k€35k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43-€8k
Other loans439-€8k
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45-€18k
Taxes450/3-€6k
Remuneration and social security454/9-€12k
Income statement
Code20222024
Remuneration, social security and pensions62€97€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€762€149▼
Gross operating margin9900€-2k€50k▲
Operating profit (loss)9901€-11k€-1k▲
Financial income75/76B€113€2k▲
Recurring financial income75€113€2k▲
Financial charges65/66B€606€945▲
Recurring financial charges65€606€945▲
Profit (loss) for the period before taxes9903€-11k€-232▲
Profit (loss) for the period9904€-11k€-232▲
Profit (loss) for the period to be appropriated9905€-11k€-232▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€15k▲
Profit (loss) brought forward from the previous period14P-€16k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €97 | €40k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | - |
| Other operating charges640/8 | €762 | €149 | - |
| Gross operating margin9900 | €-2k | €50k | - |
| Operating profit (loss)9901 | €-11k | €-1k | - |
| Financial income75/76B | €113 | €2k | - |
| Recurring financial income75 | €113 | €2k | - |
| Financial charges65/66B | €606 | €945 | - |
| Recurring financial charges65 | €606 | €945 | - |
| Profit (loss) for the period before taxes9903 | €-11k | €-232 | - |
| Profit (loss) for the period9904 | €-11k | €-232 | - |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-232 | - |
| Line | 2022 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €40k | €72k | - |
| Fixed assets21/28 | €33k | €13k | - |
| Tangible fixed assets22/27 | €33k | €13k | - |
| Leasing and similar rights25 | €33k | €13k | - |
| Current assets29/58 | €7k | €59k | - |
| Amounts receivable within one year40/41 | €7k | €58k | - |
| Trade receivables40 | - | €18k | - |
| Other amounts receivable41 | €7k | €40k | - |
| Current investments50/53 | - | €44 | - |
| Cash at bank and in hand54/58 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €1k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €40k | €72k | - |
| Equity10/15 | €9k | €35k | - |
| Contributions10/11 | €20k | €20k | - |
| Profit (loss) carried forward14 | €-11k | €15k | - |
| Amounts payable17/49 | €31k | €36k | - |
| Amounts payable after more than one year17 | €19k | €2k | - |
| Financial debts170/4 | €19k | €2k | - |
| Amounts payable within one year42/48 | €12k | €35k | - |
| Current portion of amounts payable after more than one year42 | €9k | €9k | - |
| Financial debts43 | - | €8k | - |
| Other loans439 | - | €8k | - |
| Trade debts44 | €3k | - | - |
| Suppliers440/4 | €3k | - | - |
| Taxes, remuneration and social security45 | - | €18k | - |
| Taxes450/3 | - | €6k | - |
| Remuneration and social security454/9 | - | €12k | - |
| Line | 2022 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-232 | - |
| + Depreciation and write-downs630 | €8k | €10k | - |
| Operating cash flow (approximation) | €-3k | €10k | - |
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
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 01-09-2026
2025
06-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-09-2025
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 1.70
Current ratio from 0.60 to 1.70.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Brussel
Ground area
406 m²
Building footprint
106 m²
Volume, LiDAR
907 m³
Parcel 21821A0007/00H000, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821A0007/00H000 | Brussels | 406 m² | 1 · 106 m² | 11.9 m · 3 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 | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 IXELLES |
29-09-2025 → 01-09-2026 |