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TF & D

Active
Private limited companyfounded 2017active for 9 yearsLombardsijdelaan 154, 8434 Middelkerke, BelgiumKBO/BCE: BE 0668.824.205
Summary

TF & D has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,426 and a net result of €29,034. Equity has been growing by about 39% per year since 2018. Its solvency ranks better than 55% of 978 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 06-01-2017 Normal situation
Activity
Employment placement agencies NACE 78100
Establishment unit
2.275.986.620 8434 Middelkerke, since 23-05-2018
Financial year end
31 December
Peppol
Reachable since 21-09-2024

Board and ownership

Board

Financial position

70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€60,652
▲ 79.7%
Turnover
≈ €180,000
estimated
Profit
€29,034
▲ 206%
Equity
€84,426
▲ 52.4%
Total assets
€150,074
▲ 16.9%
  • 2025 accounts filed 6 days after the deadline
Filed on 06-08-2026
Score breakdownraises riskLiquidity: current ratio 2.98Size: total assets €150,074lowers riskSector: Employment activities (NACE 78)Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 70% of micro companies in employment activities (NACE 78)
Financial strength · tick: 2024
Strong
Solvency 81+13
equity 56.3% of total assets
Liquidity 80+31
short-term debt 25.9%
Profitability 93+15
return on assets 19.3%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,376 companies, NACE 78, micro)
Last 24 months 12-2024: 1.4% 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.4%▼ -0.1 percentage points vs 05-2025 07-2025: 1.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.6%▼ -0.9 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.3%▼ -0.3 percentage points vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.98 (2.54 in 2024), above the usual 1.5. Short-term debt is 25.9% of total assets. 43.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, micro). It does better than 59% of them on solvency, 72% on liquidity, 69% on profitability and 81% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Four signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.98
NBB · annual accounts
raises risk · Size: total assets €150,074
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Employment activities (NACE 78)
KBO
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
6 days late
2024
7 days early
2023
8 days early
2022
33 days early
2021
33 days early
2020
31 days late
2019
81 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% 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 24 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 7 profitable years in a rowprofit 2025: €29,034 7 years View

Recent changes

  1. · Gazette deed Registered office moved from Meulebeke to Lombardsijde
  2. · Gazette deed Registered office moved to MeulebekeResignation: Technical Forces BV (director) · Appointment: Deprez Fleur (director)
  3. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as TF & D: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €125,000 and €189,000, founded between 2015 and 2018.

CompanyTotal assetsGross margin
TF & D Middelkerke€150,074€60,652
ActiveMind Puurs-Sint-Amands€142,928€58,238
HRRH&more Mechelen€163,153€70,961
Bliss Consultancy Brecht€124,871€69,371
APPLISQUARE Waregem€188,505€38,767
SAKURA KANJI Zoersel€149,770€45,982
LDS HR Services Brasschaat€152,097€40,441
Full comparison

Key facts about TF & D

What is the company number of TF & D?
The company number of TF & D is 0668.824.205. The VAT number is the same number with BE in front: BE 0668.824.205.
Where is TF & D based?
The registered office is at Lombardsijdelaan 154, 8434 Middelkerke.Company details
What does TF & D do?
According to the KBO register, the main activity is employment placement agencies (NACE 78100).
What is the legal form of TF & D?
The legal form of TF & D is Private limited company (BV).
When was TF & D founded?
TF & D was founded on 06-01-2017.
Is TF & D still active?
Yes, TF & D is an active enterprise in the KBO register.
How many employees does TF & D have?
TF & D had an average of 0.5 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of TF & D?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €60,652 and 2,672 comparable companies of the same size. It probably lies between €120,000 and €320,000. It is a rough estimate.
Is TF & D profitable?
In financial year 2025, TF & D made a profit of €29,034.
Where can I find the annual accounts of TF & D?
TF & D filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TF & D due?
TF & D must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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