TF Tech
ActiveSummary
The computed 12-month bankruptcy probability of TF Tech is 2.6% (moderate). The 2025 annual accounts show negative equity (-€7.5m) and a net result of -€741,619. Equity is shrinking by about 5.8% per year across the filed financial years. Its solvency ranks better than 5% of 191 sector peers (NACE 58, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 3.7 FTE
- Equity
- -€7.5m
- Loss
- -€741,619
Why 50raises riskNegative equity -€7.5mLoss of €741,619, the second in a row (financial year 2025)lowers riskSector: Publishing activities (NACE 58)Legal form: public limited companyShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 58, micro): better than 8% on solvency, 5% on liquidity, 8% on profitability and 30% on growth.
The bankruptcy probability was computed on 28-10-2026 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
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 58) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignation: OTTO BAUER (director)Gazette deed
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €641,647 in 2025 against €2.2m in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 58, Publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result +66% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,007 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.08m | €0.06m | €0.001m | €0.001m | €0.001m | - | - |
| Other operating charges640/8 | - | - | €0.05m | €0.007m | €0.001m | €0.001m | €0.001m | ▼ 39.1% |
| Gross operating margin9900 | -€3.8m | -€3.9m | -€4.4m | -€3.9m | -€2.4m | -€1.8m | -€0.3m | ▲ 82.9% |
| Operating profit (loss)9901 | -€4.4m | -€4.4m | -€4.9m | -€4.4m | -€2.9m | -€2.2m | -€0.6m | ▲ 70.7% |
| Financial income75/76B | - | - | €0.03m | €0.006m | €70 | €0.01m | €0 | ▼ 100.0% |
| Recurring financial income75 | €0.01m | €0.01m | €0.03m | €0.006m | €70 | €0.01m | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €1.3m | €0.03m | €0.05m | €0.03m | €0.1m | ▲ 192% |
| Recurring financial charges65 | €0.3m | €0.6m | €1.3m | €0.03m | €0.05m | €0.03m | €0.1m | ▲ 192% |
| Profit (loss) for the period before taxes9903 | -€4.7m | -€5.1m | -€6.2m | -€4.4m | -€2.9m | -€2.2m | -€0.7m | ▲ 66.6% |
| Income taxes67/77 | - | - | €0.007m | €0.03m | €0.008m | €0.001m | €0.004m | ▲ 286% |
| Profit (loss) for the period9904 | -€4.7m | -€5.1m | -€6.2m | -€4.4m | -€2.9m | -€2.2m | -€0.7m | ▲ 66.4% |
| Profit (loss) for the period to be appropriated9905 | -€4.7m | -€5.1m | -€6.2m | -€4.4m | -€2.9m | -€2.2m | -€0.7m | ▲ 66.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €0.3m | €1.2m | €0.1m | €0.06m | €0.09m | €0.2m | ▲ 162% |
| Fixed assets21/28 | €0.1m | €0.07m | €0.005m | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 12.5% |
| Intangible fixed assets21 | €0.1m | €0.06m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.006m | €0.004m | €0.004m | €0.002m | €0.001m | - | - | - |
| Plant, machinery and equipment23 | - | - | €0.004m | €0.002m | €0.001m | - | - | - |
| Financial fixed assets28 | €0.006m | €0.007m | €0.002m | €0.001m | €0.002m | €0.002m | €0.001m | ▼ 12.5% |
| Current assets29/58 | €0.3m | €0.2m | €1.2m | €0.1m | €0.06m | €0.09m | €0.2m | ▲ 165% |
| Stocks and contracts in progress3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable within one year40/41 | €0.1m | €0.09m | €0.6m | €0.06m | €0.03m | €0.06m | €0.2m | ▲ 221% |
| Trade receivables40 | - | - | €0.4m | €0.007m | €0.006m | €0.04m | €0.2m | ▲ 377% |
| Other amounts receivable41 | - | - | €0.2m | €0.05m | €0.03m | €0.02m | €0.02m | ▼ 25.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.09m | €0.6m | €0.03m | €0.006m | €186 | €0.007m | ▲ 40× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €0.3m | €1.2m | €0.1m | €0.06m | €0.09m | €0.2m | ▲ 162% |
| Equity10/15 | -€4.6m | -€8.7m | -€14.9m | -€19.3m | -€4.6m | -€6.8m | -€7.5m | ▼ 10.9% |
| Contributions10/11 | €0.07m | €0.07m | €1.1m | €1.1m | €18.7m | €18.7m | €18.7m | = |
| Capital10 | - | - | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | = |
| Contributions outside capital11 | - | - | €1.0m | €1.0m | €18.6m | €18.6m | €18.6m | = |
| Share premium1100/10 | - | - | €1.0m | €1.0m | €18.6m | €18.6m | €18.6m | = |
| Profit (loss) carried forward14 | -€4.7m | -€9.8m | -€15.9m | -€20.4m | -€23.3m | -€25.5m | -€26.2m | ▼ 2.9% |
| Amounts payable17/49 | €5.1m | €8.9m | €16.1m | €19.4m | €4.7m | €6.9m | €7.8m | ▲ 12.8% |
| Amounts payable after more than one year17 | €4.4m | €8.6m | €15.3m | - | - | - | - | - |
| Financial debts170/4 | - | - | €15.3m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.3m | €0.8m | €19.4m | €4.7m | €6.9m | €7.8m | ▲ 12.8% |
| Financial debts43 | - | - | €0.3m | €18.2m | €1.9m | €3.6m | €4.3m | ▲ 17.1% |
| Credit institutions430/8 | - | - | €0.3m | - | - | - | - | - |
| Other loans439 | - | - | - | €18.2m | €1.9m | €3.6m | €4.3m | ▲ 17.1% |
| Trade debts44 | €0.3m | €0.3m | €0.4m | €1.1m | €2.7m | €3.2m | €3.5m | ▲ 8.0% |
| Suppliers440/4 | - | - | €0.4m | €1.1m | €2.7m | €3.2m | €3.5m | ▲ 8.0% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.05m | €0.08m | €0.03m | €0.03m | ▲ 2.4% |
| Taxes450/3 | - | - | €0.003m | €0.007m | €0.02m | €0.003m | €0.002m | ▼ 15.2% |
| Remuneration and social security454/9 | - | - | €0.04m | €0.05m | €0.06m | €0.03m | €0.03m | ▲ 4.0% |
| Other amounts payable47/48 | - | - | €0.003m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.003m | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4.7m | -€5.1m | -€6.2m | -€4.4m | -€2.9m | -€2.2m | -€0.7m | ▲ 66.4% |
| + Depreciation and write-downs630 | €0.09m | €0.08m | €0.06m | €0.001m | €0.001m | €0.001m | - | - |
| Operating cash flow (approximation) | -€4.6m | -€5.0m | -€6.1m | -€4.4m | -€2.9m | -€2.2m | -€0.7m | ▲ 66.4% |
| Investment in fixed assets (approximation) | - | -€0.002m | €0.002m | €200 | -€400 | €200 | €200 | = |
| Change in cash | - | -€0.1m | €0.5m | -€0.6m | -€0.03m | -€0.006m | €0.007m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 13-07-2026 | 2026-00291875 |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00302009 |
| 31-12-2023 | abbreviated format | 22-07-2024 | 2024-00267528 |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00261671 |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20194077 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44400395 |
| 31-12-2019 | abbreviated format | 01-09-2020 | 2020-49900229 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| OTTO BAUER |
|
Owners and capital
Capital and shareholders
- THREEFOLD €17,620,824.26 · “inbreng schuldvordering ten laste van de vennootschap”
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 16-10-2023 Capital increase of €59,630.81 · 19,876,936 new shares · in kind
Group and network
Connections & network
No directors read yet: 2 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
28-10
Gazette deed
Resignation: OTTO BAUER (director)2 facts ▸
- Board meeting, 13-06-2024
- Director resignation, OTTO BAUER (director)
16-10
Gazette deed
Capital & shares · Amendment of the articlesKind of shares · Transfer restriction · Auditor report10 facts ▸
- General meeting, 22-09-2023
- General meeting, “wijziging rechten bestaande categorieën door afschaffing categorieën en omzetting aandelen categorie A en B in gewone aandelen, kennisname en goedkeuring versla…” (deed in Dutch)
- Kind of shares, “wijzigen rechten en afschaffen categorieën en omzetten bestaande aandelen categorie A en B in gewone aandelen, zonder voorbehouden rechten of privileges” (deed in Dutch)
- Transfer restriction, “opheffing, aandelen vrij overgedragen zonder enige beperking” (deed in Dutch)
- Auditor report, “Berchem-Antwerpen, Bedrijfsrevisor erkend door de FSMA Vennoot” (deed in Dutch)
- Capital increase, €59,630.81
- Capital contribution, €17,620,824.26
- Capital contribution
- Amendment of the articles
- Capital, €126,904.16
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44034C1000/00M000 | Flanders | 3,359 m² | 1 · 1,769 m² | 13.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Optreden als vertegenwoordiger in naam en voor rekening van erkende financiële instellingen ten aanzien van derden; Het aangaan en…” (deed in Dutch)
13 activities (deed in Dutch)
- Optreden als vertegenwoordiger in naam en voor rekening van erkende financiële instellingen ten aanzien van derden;
- Het aangaan en verstrekken van ieningen, kredieten, financieringen, de uitgifte van obligaties soortgelijke conventionele instrumenten;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen rnet betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen;
- Het nemen van participaties in, of het financieren van, bedrijven door middel van het inschrijven op effecten, al dan niet met stemrecht, het toestaan, onderschrijven, overnemen en verhandelen van leningen, obligaties, kredietopeningen, andere vormen van schuldfinanciering en zekerheden;
- Het beleggen van liquiditeiten in roerende goederen in het kader van cash management van de vennootschap, met dien verstande dat betreffende liquiditeiten louter in vastrentende niet-speculatieve goederen belegd zullen worden;
- Het verrichten van activiteiten van onderzoek en ontwikkeling op het vlak van IT oplossingen, applicaties, data storage en blockchain technologie;
- Commercialisatie van diensten en oplossingen die gebaseerd zijn op, of verband houden met, data storage en blockchain technologie;
- Het ontwikkelen en leveren van data security, opslag, back-up, computer rekencapaciteit, (intemet data) infrastructuur en/of andere datacenterdiensten en dit in de ruimste zin;
- Het leveren van diensten die verband houden met de telecommunicatie, databeheer en transmissie en aanverwante technieken en dit in de ruimste zin;
- Aan- en verkoop, import-export, ontwikkeling, verhuur, leasing en installatie van (tele)communicatiesystemen, hardware, software, informaticasystemen en -oplossingen en alle toebehoren;
- De fabricage en de commercialisering van, de handel in, de in- en uitvoer van, de installatie, de montage, het onderhoud, de herstelling, de distributie en de opslag van industriële, elektrische, communicatie en andere producten, meet- en controle instrumenten, systemen en oplossingen op het gebied van telecommunicatie, databeheer en -transmissie en aanverwante technieken, inclusief de toepassingen ervan, onderzoek- en ontwikkelingswerk, consulting en technische dienstverlening;
- Het verlenen van advies over soorten computers (hardware) en hun configuratie en toepassing van bijhorende programmatuur (software): het analyseren van behoeften en problemen van de gebruiker en aanbieden van de beste oplossing;
- Het verstrekken van administratieve diensten, voor zover de wet het toelaat, dit alles in de breedste zin van het woord en de verlening van diensten aan ondernemíngen en de overheid in de meest ruime betekenis. Dit omvat onder meer financiële tussenkomsten, consultancy, studiewerk, evenals diverse andere opdrachten inzake handels-, financiële, technische en organisatorische aangelegenheden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TF TECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, te allen tijde,zonder opgave van redenen,onmiddellijke ingang” (deed in Dutch)“Raad-kiest-uit-midden, raad-kan-benoemen” (deed in Dutch)“Oproepingsbrief-bij-gebrek-zetel, belang-vennootschap” (deed in Dutch)“Voorstel-verworpen, helft-leden-aanwezig-of-vertegenwoordigd” (deed in Dutch)“Bijzonder-register, bestuurders-die-erom-verzoeken” (deed in Dutch)“Alleen-algemene-vergadering-volgens-wet-of-statuten, alle-handelingen-nodig-of-dienstig-voor-voorwerp” (deed in Dutch)“Bij-elke-benoeming, of-en-mate-bezoldigd-met-vaste-of-variabele-vergoeding” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vrij” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL VI: ALGEMENE VERGADERING Voor- behouden aan het Belgisch Staatsblad Bijlagen bij het Belgisch Artikel 23. Organisatie en bijeenroeping…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een-of-meer, bestuursorgaan-in-functie-als-college-bij-gebrek-benoeming” (deed in Dutch)“Algemene-vergadering-anders-bij-gewone-meerderheid, alle-verrichtingen-vermeld-in-wet” (deed in Dutch)