TF Service

Active

Private limited company (pre-2019)founded 2017active for 9 yearsSmarre 1, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0671.713.518

From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

TF Service has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,750 and a net result of -€5,196. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 84% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

TF ServiceActiveChecked score 81/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 21-02-2017 Normal situation
Legal form: Private limited company (pre-2019)
Registered office: Smarre 1, 9700 Oudenaarde
Activity: Plumbing work NACE 43221
Establishment unit: 2.262.021.687 9700 Oudenaarde, since 21-02-2017
Financial year end: 31 December
Peppol: Reachable since 25-08-2025

Company details

Who decides

Board

Maes DimitriDirector · since 21-02-2017

Board & ownership

How it is doing

81 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Annual accounts 2025

Gross margin: -€16,779; ▼ 828%
Loss: €5,196; ▲ 5.2%
Equity: €100,750; ▼ 4.9%
Total assets: €127,750; ▼ 3.9%

Turnover not published (micro format)2025 accounts filed 31 days late

Filed on 31-08-2026at the National Bank

Financials

Why 81raises riskLast filed accounts filed 31 days late; 1 of the last 3 lateSize: total assets €127,750lowers riskLiquidity: current ratio 4.14, cash €18,088Equity €100,750 (78.9% of total assets)Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 48% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 78.9% of total assets

Liquidity 61-4

short-term debt 21.1% · cash 14.2%

Profitability 27+13

return on assets -4.1%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)

Last 24 months 11-2024: 1.8%highest value 12-2024: 1.7%▼ -0.1 percentage points vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.8%▲ +0.1 percentage points vs 01-2025 03-2025: 1.7%▼ -0.1 percentage points vs 02-2025 04-2025: 1.5%▼ -0.2 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 0.9%▼ -0.6 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.8%▼ -0.1 percentage points vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▼ -0.6 percentage points vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value

Credit of up to €8,000 on 30-day terms is acceptable

Liquidity ample (current ratio 4.14, compared with 10.42 in 2024, above the usual 1.5; short-term debt: 21.1% and cash: 14.2% of total assets), and 21.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 59% on liquidity, 16% on profitability and 28% on growth.

The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Liquidity: current ratio 4.14, cash €18,088

NBB · annual accounts

Last filed accounts filed 31 days late; 1 of the last 3 late

NBB · filings

Equity €100,750 (78.9% of total assets)

NBB · annual accounts

Size: total assets €127,750

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

18192122232425

2018 to 2025 · latest year -€5,196

2025 accounts filed 31 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 7 filings

Deviation from the deadline

2025

31 days late

2024

1 day early

2023

30 days late

2022

51 days late

2021

13 days early

2019

94 days late

2018

1 day late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 31 August (4 of the last 5 filed years within 32 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Among the weakest 16% on net resultsector median €10,232 · 34,842 companies -€5,196 View
Caution: 2 loss-making years in a rowloss financial year 2025 -€5,196 View

Documents

Key facts about TF Service

What is the company number of TF Service?: 0671.713.518. In Belgium the VAT number is the company number with BE in front: BE 0671.713.518.
Where is TF Service based?: The registered office is at Smarre 1, 9700 Oudenaarde.Company details
What does TF Service do?: According to the KBO register, the main activity is plumbing work (NACE 43221).
What is the legal form of TF Service?: Private limited company (pre-2019) (BVBA).
When was TF Service founded?: On 21-02-2017.
Is TF Service still active?: Yes, TF Service is an active enterprise in the KBO register.
How many employees does TF Service have?: On average 0.6 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of TF Service?: The annual accounts for financial year 2025 state no turnover: the micro format does not require it.
Is TF Service profitable?: In financial year 2025, TF Service made a loss of €5,196.
Where can I find the annual accounts of TF Service?: TF Service filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of TF Service due?: By 31-07-2027, for financial year 2026.Timeline