TF Services
ActiveSummary
TF Services has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-32
Solvency100=
Growth39=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
short-term debt: 0.4% and cash: 25.7% of total assets, and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.6%
Return on assets
-10.3%
Age of the figures
9 mo
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d early
2023
26 d early
2022
153 d late
2021
31 d late
2020
153 d late
2019
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€94k▲ 2.3%
2021 · €92k
2018: €123k
2019: €105k
2020: €150k
2021: €92k
2018 → 2022
EBIT margin
7.4%▲ 2.5pp
2021 · 4.9%
2018: 15.9%
2019: 9.4%
2020: 4.6%
2021: 4.9%
2018 → 2022
Net result
€-5k
2024 · €8k
2018: €17k
2019: €6k
2020: €7k
2021: €1k
2022: €5k
2023: €-23k
2024: €8k
2018 → 2025
Working capital
€33k▼ 13.8%
2024 · €38k
2019: €25k
2020: €35k
2021: €40k
2023: €27k
2024: €38k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€92k-€94k▲ 2.3%
Equity€52k-€57k▲ 10.5%€35k▼ 39.5%€51k▲ 47.0%€46k▼ 9.4%
Operating result€4k-€7k▲ 55.6%€-17k€9k€-6k
Net result€1k-€5k▲ 307%€-23k€8k€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€13k ▲ 3.9%
Current assets
€33k ▼ 16.9%
Equity and liabilities €46k
Equity
€46k ▼ 9.4%
Debt
€184 ▼ 88.7%
Debt's share of the balance-sheet total falls from 3.1% to 0.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€351▼
2024 · €14k
Cash flow
€1k▼
2024 · €13k
Debt to equity
0.00▼
2024 · 0.03
ROE
-10.3%▼
2024 · 16.3%
ROA
-10.3%▼
2024 · 15.8%
Interest coverage
6.80▼
2024 · 67.50
Debt ≤ 1 year
€184▼
2024 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €46k, equity €46k).
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€46k▼
Fixed assets21/28€13k€13k▲
Tangible fixed assets22/27€13k€13k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€11k€12k▲
Current assets29/58€40k€33k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€27k€19k▼
Trade receivables40€10k€1k▼
Other amounts receivable41€16k€18k▲
Current investments50/53€1k€48▼
Cash at bank and in hand54/58€11k€12k▲
Deferred charges and accrued income490/1€484€671▲
Equity and liabilities
Total equity and liabilities10/49€52k€46k▼
Equity10/15€51k€46k▼
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€35k€30k▼
Amounts payable17/49€2k€184▼
Amounts payable within one year42/48€2k€184▼
Trade debts44€2k€184▼
Suppliers440/4€2k€184▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€931▼
Gross operating margin9900€15k€1k▼
Operating profit (loss)9901€9k€-6k▼
Financial income75/76B€933€1k▲
Recurring financial income75€933€1k▲
Financial charges65/66B€201€52▼
Recurring financial charges65€201€52▼
Profit (loss) for the period before taxes9903€10k€-5k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€8k€-5k▼
Profit (loss) for the period to be appropriated9905€8k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€30k▼
Profit (loss) brought forward from the previous period14P€27k€35k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity times 7current ratio 179.36
Current ratio from 24.33 to 179.36; short-term debt falls from €2k to €184.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 24.33
Current ratio from 7.96 to 24.33; short-term debt falls from €4k to €2k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-23k ▼515%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 9current ratio 23.38
Current ratio from 2.72 to 23.38; short-term debt falls from €20k to €2k.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapelstraat 832660 AntwerpenGround area
294 m²
Building footprint
291 m²
Volume, LiDAR
1,538 m³
Parcel 11382C0304/00F000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TF Services
since 20152.243.011.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0304/00F000 | Flanders | 294 m² | 1 · 291 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 63 EUR awarded · 63 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 63 EUR | 63 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
6 categoriesTF Services BV43914
Similar companies · same sector, comparable size
CO.OL
BE 0432.135.097
Etterbeek · Eq €46,068
PHILIPPE DEMARET
BE 0749.457.038
Chaumont-Gistoux · Eq €46,078
Tecotek
BE 1006.345.108
Ieper · Eq €46,114
S.Y.V TOITURES
BE 0439.439.593
Liège · Eq €46,120
SANI & CV
BE 0847.345.577
Stabroek · Eq €46,018
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,949 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.