Equity
€210,587 ▲ 17.1%
TF:RE has made a profit in every financial year since 2020.
TF:RE
Lifetime
6 annual accounts with figures on one time axispeak €68,369 (2025)
€68,369▲ 1.9%
peak €47,880 (2021)
€30,773▲ 14.5%
peak €210,587 (2025)
€210,587▲ 17.1%
€451,149▼ 8.9%
Board3 names since 2019
3 directorsDessaux, Jeroen Willem Denise and 2 others
Documentsfilings and deeds
12-05-202680 days before the deadline
2025abbreviated format
Equity from €179,814 to €210,587
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 65% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2019
lowers risk
Size: total assets €661,736
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 12-05-2026)
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 68, micro). It does better than 50% of them on solvency, 67% on liquidity, 69% on profitability and 73% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,639 companies had the same profile as TF:RE has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TF:RE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,639 companies, not a prediction for TF:RE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.67 (0.53 in 2024), below 1. Short-term debt is 8.3% and cash 5% of total assets. 68.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 12-05-2026, 80 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
80 days early
2024
59 days early
2023
51 days early
2022
32 days early
2021
11 days early
2020
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 43 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 11 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Van Zeebroeck,Sobraj founderdeed of 18-12-2019
- Dessaux,Jeroen Willem Denise founderdeed of 18-12-2019
- Vanherberghen,Timothy Jo Ghislaine founderdeed of 18-12-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739632918
Incorporation
Founding capital of €2,500, 100 shares · Founders: Van Zeebroeck, Sobraj; Dessaux, Jeroen Willem Denise; Vanherberghen, Timothy Jo Ghislaine · Appointments: Van Zeebroeck, Sobraj; Dessaux, Jeroen Willem Denise and Vanherberghen, Timothy Jo Ghislaine · published on 18-12-2019 · Gazette deed
First establishment
Holstraat 4, Londerzeel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TF:RE Londerzeel | €661,736 | €68,369 | 31.8% | - |
| HAJO SERVICES Aalst | €655,545 | €71,493 | 100.0% | - |
| Cabinet Vétérinaire des Deux Ourthes – IMMO Houffalize | €641,108 | €63,449 | 16.8% | - |
| BIRDVIEW ESTATES Antwerp | €633,552 | €64,244 | -11.6% | - |
| Duiventoren Essen | €638,593 | €71,330 | 98.1% | - |
| HM IMMO Arlon | €704,699 | €69,718 | 15.9% | - |
| PRO ALLIANCE IMMO Liège | €595,333 | €64,498 | -19.9% | - |
These companies have the same main activity as TF:RE: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €595,000 and €705,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 16-12-2019Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.297.446.1861840 Londerzeel, since 16-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €661,736▼ 2.0%
- Filing
- Filed on 12-05-2026, 80 days before the end of the filing period
Insights on TF:RE
TF:RE files the abbreviated format. That format states no turnover. The gross margin rose from €51,126 in 2020 to €68,369 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TF:RE
- What is the company number of TF:RE?
- The company number of TF:RE is 0739.632.918. The VAT number is the same number with BE in front: BE 0739.632.918.
- Where is TF:RE based?
- The registered office is at Holstraat 4, 1840 Londerzeel.Company details
- What does TF:RE do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of TF:RE?
- TF:RE is a private limited company (BV).
- When was TF:RE founded?
- TF:RE was founded on 16-12-2019.
- Is TF:RE still active?
- Yes, TF:RE is an active enterprise in the KBO register.
- What is the turnover of TF:RE?
- The turnover in financial year 2025 is ≈ €88,000. This figure is estimated from the gross margin of €68,369 and 45 comparable companies (NACE 682). It probably lies between €76,000 and €110,000.Financials
- Is TF:RE profitable?
- In financial year 2025, TF:RE made a profit of €30,773.
- Where can I find the annual accounts of TF:RE?
- TF:RE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TF:RE due?
- TF:RE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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