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TF INVEST

Active Risk: not assessed
Public limited companyfounded 20233 yrs activeRue du Fond des Fourches 23, 4041 Herstal, BelgiumKBO/BCE: BE 0803.189.692
Summary

TF INVEST has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €30.9m and a net result of €26.7m. Equity is growing by ~105.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 3267 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
52 d early
2024
66 d early
2023
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 June 2023, TF INVEST was incorporated as a Public limited company.1 YOUNG INVEST has served as director of the company since 2026.2 Total assets went from €40.1m in 2023 to €46.5m in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 18-06-2026
  3. 3National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€2.4m▲ 77.7%
2024 · €1.4m
EBIT margin
-2.7%▲ 2.0pp
2024 · -4.7%
Net result
€26.7m▲ 386%
2024 · €5.5m
Working capital
-€4.2m▼ 70.9%
2024 · -€2.4m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line202320242025
Turnover€1.4m€2.4m▲ 77.7%
Operating result-€0.01m--€0.06m▼ 470%-€0.07m▼ 1.7%
Net result-€0.8mbelow the sector's middle half-€5.5mabove the sector's middle half€26.7mabove the sector's middle half▲ 386%
EBIT margin-4.7%-2.7%▲ 2.0pp
Equity€6.2mabove the sector's middle half-€11.7mabove the sector's middle half▲ 88.9%€30.9mabove the sector's middle half▲ 165%
Total assets€40.1mabove the sector's middle half-€41.6mabove the sector's middle half▲ 3.9%€46.5mabove the sector's middle half▲ 11.7%
Debt€33.9m-€30.0m▼ 11.6%€15.6m▼ 48.0%
Working capital-€4.2mbelow the sector's middle half--€2.4mbelow the sector's middle half▲ 42.2%-€4.2mbelow the sector's middle half▼ 70.9%
Solvency15.4%below the sector's middle half-28.0%within the sector's middle half▲ 12.6pp66.5%within the sector's middle half▲ 38.4pp
Current ratio0.01below the sector's middle half-0.40below the sector's middle half▲ 0.390.61within the sector's middle half▲ 0.21
Return on assets (ROA)-2.0%below the sector's middle half-13.2%above the sector's middle half▲ 15.2pp57.5%above the sector's middle half▲ 44.3pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10.0m€0€10.0m€20.0m€30.0mOperating result 2023: -€11,333-€11,333Net result 2023: -€820,839-€820,839Operating result 2024: -€64,583-€64,583Net result 2024: €5.5m€5.5mOperating result 2025: -€65,713-€65,713Net result 2025: €26.7m€26.7m202320242025-€10m€0€10m€20m€30mOperating result 2023: -€11,333-€11,300Net result 2023: -€820,839-€821,000Operating result 2024: -€64,583-€64,600Net result 2024: €5.5m€5.5mOperating result 2025: -€65,713-€65,700Net result 2025: €26.7m€27m202320242025
The operating result stays negative: a loss of €65,713 in 2025 against €64,583 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46.5m
Fixed assets €40.0m =
Current assets €6.5m ▲ 298%
Equity and liabilities €46.5m
Equity €30.9m ▲ 165%
Debt €15.6m ▼ 48.0%
Debt's share of the balance-sheet total falls from 72.0% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
86.5%▲
2024 · 47.1%
Debt ≤ 1 year
€10.7m▲
2024 · €4.1m
Debt > 1 year
€4.8m▼
2024 · €25.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€41.6m€46.5m▲
Fixed assets21/28€40.0m€40.0m=
Financial fixed assets28€40.0m€40.0m=
Affiliated companies280/1€40.0m€40.0m=
Participating interests280€40.0m€40.0m=
Current assets29/58€1.6m€6.5m▲
Amounts receivable within one year40/41€1.5m€6.3m▲
Trade receivables40€0.4m€0.8m▲
Other amounts receivable41€1.2m€5.5m▲
Cash at bank and in hand54/58€0.08m€0.2m▲
Deferred charges and accrued income490/1€0€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€41.6m€46.5m▲
Equity10/15€11.7m€30.9m▲
Contributions10/11€7.0m€7.0m=
Capital10€7.0m€7.0m=
Issued capital100€7.0m€7.0m=
Reserves13€0.3m€0.7m▲
Non-distributable reserves130/1€0.3m€0.7m▲
Legal reserve130€0.3m€0.7m▲
Profit (loss) carried forward14€4.4m€23.2m▲
Amounts payable17/49€30.0m€15.6m▼
Amounts payable after more than one year17€25.7m€4.8m▼
Financial debts170/4€25.7m€4.8m▼
Subordinated loans170€18.6m-
Credit institutions173€7.1m€4.8m▼
Amounts payable within one year42/48€4.1m€10.7m▲
Current portion of amounts payable after more than one year42€3.7m€2.3m▼
Trade debts44€0.3m€0.6m▲
Suppliers440/4€0.3m€0.6m▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€0.1m€7.7m▲
Accrued charges and deferred income492/3€0.2m€0.1m▼
Income statement Code20242025
Operating income70/76A€1.4m€2.4m▲
Turnover70€1.4m€2.4m▲
Other operating income74€0-
Operating charges60/66A€1.4m€2.5m▲
Services and other goods61€1.4m€2.5m▲
Operating profit (loss)9901-€0.06m-€0.07m▼
Financial income75/76B€7.8m€28.1m▲
Recurring financial income75€7.8m€28.1m▲
Income from financial fixed assets750€7.8m€28.1m▲
Other financial income752/9-€0
Financial charges65/66B€2.2m€1.3m▼
Recurring financial charges65€2.2m€1.3m▼
Debt charges650€2.2m€1.3m▼
Other financial charges652/9€0.002m€0.003m▲
Profit (loss) for the period before taxes9903€5.5m€26.7m▲
Profit (loss) for the period9904€5.5m€26.7m▲
Profit (loss) for the period to be appropriated9905€5.5m€26.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.7m€31.1m▲
Profit (loss) brought forward from the previous period14P-€0.8m€4.4m▲
Transfer to equity691/2€0.3m€0.4m▲
To the legal reserve6920€0.3m€0.4m▲
Profit to be distributed694/7-€7.5m
Return on contributions (dividend)694-€7.5m

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating income70/76A-€1.4m€2.4m▲ 77.7%
Turnover70-€1.4m€2.4m▲ 77.7%
Other operating income74-€0--
Operating charges60/66A€0.01m€1.4m€2.5m▲ 74.2%
Services and other goods61€0.01m€1.4m€2.5m▲ 74.2%
Other operating charges640/8€50---
Operating profit (loss)9901-€0.01m-€0.06m-€0.07m▼ 1.7%
Financial income75/76B-€7.8m€28.1m▲ 260%
Recurring financial income75-€7.8m€28.1m▲ 260%
Income from financial fixed assets750-€7.8m€28.1m▲ 260%
Other financial income752/9--€0-
Financial charges65/66B€0.8m€2.2m€1.3m▼ 40.7%
Recurring financial charges65€0.8m€2.2m€1.3m▼ 40.7%
Debt charges650€0.8m€2.2m€1.3m▼ 40.8%
Other financial charges652/9€0.005m€0.002m€0.003m▲ 33.0%
Profit (loss) for the period before taxes9903-€0.8m€5.5m€26.7m▲ 386%
Profit (loss) for the period9904-€0.8m€5.5m€26.7m▲ 386%
Profit (loss) for the period to be appropriated9905-€0.8m€5.5m€26.7m▲ 386%
Line202320242025Change
Assets
Total assets20/58€40.1m€41.6m€46.5m▲ 11.7%
Fixed assets21/28€40.0m€40.0m€40.0m=
Financial fixed assets28€40.0m€40.0m€40.0m=
Affiliated companies280/1€40.0m€40.0m€40.0m=
Participating interests280€40.0m€40.0m€40.0m=
Current assets29/58€0.05m€1.6m€6.5m▲ 298%
Amounts receivable within one year40/41€0.002m€1.5m€6.3m▲ 307%
Trade receivables40-€0.4m€0.8m▲ 101%
Other amounts receivable41€0.002m€1.2m€5.5m▲ 373%
Cash at bank and in hand54/58€0.05m€0.08m€0.2m▲ 127%
Deferred charges and accrued income490/1-€0€0.002m-
Equity and liabilities
Total equity and liabilities10/49€40.1m€41.6m€46.5m▲ 11.7%
Equity10/15€6.2m€11.7m€30.9m▲ 165%
Contributions10/11€7.0m€7.0m€7.0m=
Capital10€7.0m€7.0m€7.0m=
Issued capital100€7.0m€7.0m€7.0m=
Reserves13-€0.3m€0.7m▲ 155%
Non-distributable reserves130/1-€0.3m€0.7m▲ 155%
Legal reserve130-€0.3m€0.7m▲ 155%
Profit (loss) carried forward14-€0.8m€4.4m€23.2m▲ 427%
Amounts payable17/49€33.9m€30.0m€15.6m▼ 48.0%
Amounts payable after more than one year17€29.4m€25.7m€4.8m▼ 81.3%
Financial debts170/4€29.4m€25.7m€4.8m▼ 81.3%
Subordinated loans170€20.0m€18.6m--
Credit institutions173€9.4m€7.1m€4.8m▼ 32.5%
Amounts payable within one year42/48€4.3m€4.1m€10.7m▲ 162%
Current portion of amounts payable after more than one year42€3.6m€3.7m€2.3m▼ 36.7%
Trade debts44-€0.3m€0.6m▲ 103%
Suppliers440/4-€0.3m€0.6m▲ 103%
Taxes, remuneration and social security45-€0--
Taxes450/3-€0--
Other amounts payable47/48€0.7m€0.1m€7.7m▲ 7,760%
Accrued charges and deferred income492/3€0.2m€0.2m€0.1m▼ 24.1%
Line202320242025Change
Profit (loss) for the period9904-€0.8m€5.5m€26.7m▲ 386%
Operating cash flow (approximation)-€0.8m€5.5m€26.7m▲ 386%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€0.04m€0.1m▲ 199%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-06
State Gazette act Resignation: Guido BERGMANS (director and managing director)
Appointment: YOUNG INVEST (director) · Permanent representative: François PLUNUS · Director discharge7 facts ▸
  • General meeting, 03-04-2026
  • Director resignation, Guido BERGMANS (director and managing director)
  • Director discharge, Guido BERGMANS
  • Director appointment, YOUNG INVEST (director)
  • Permanent representative, François PLUNUS (permanent representative)
  • Board meeting, 03-04-2026
  • Director appointment, YOUNG INVEST (managing director)
09-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
09-06
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial Highest result since 2023net €26.7m ▲386%
Net result €26.7m, the highest in the series.
31-12
Financial Equity above €25mEq €30.9m ▲165%
2 profitable years in a row build equity to €30.9m.
27-05
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
26-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €5.5m
Net result €5.5m after one loss-making year.
31-12
Financial Equity above €10mEq €11.7m ▲88.9%
Equity rises from €6.2m to €11.7m.
11-10
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
26-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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
1 director, 1 in day-to-day management, last change in 2026

Board 1

YOUNG INVEST
Director · since 18-06-2026 · Private limited company · perm. rep.: François PLUNUS
Current

Day-to-day management 1

YOUNG INVEST
Managing director · since 18-06-2026 · Private limited company · perm. rep.: François PLUNUS
Current

Permanent representatives 1

François PLUNUS
Permanent representative · since 18-06-2026 · for YOUNG INVEST
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2.9 ha
Building footprint
1.1 ha
Volume, LiDAR
95,228 m³
Parcel 62071A0242/00P000, Wallonia · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
15 companies at this address See who is registered here
1 establishment unit
TF INVEST
Rue du Fond des Fourches 23, 4041 HerstalHoldings
since 2023unit no. 2.346.718.426
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62071A0242/00P000 Wallonia 2.9 ha 1 · 1.1 ha 13.2 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.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
YOUNG INVEST
  • Director, from 18-06-2026 to date
  • Managing director, from 18-06-2026 to date
Guido BERGMANS
  • Director and managing director, until 18-06-2026
  • Director and managing director, until 18-06-2026
See the board, name and seat on a given date →

Structure & network

Heads the group TF INVEST 8 companies Group, risk and exposure

Owners and holdings

1 holding · 7 subsidiaries in the tree

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 7

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of TF INVEST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
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Shared corporate director
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Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 2,874 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded26-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803189692
Also 9925:BE0803189692
Registered 16-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.