TF2
ActiveTF2 has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.37M and a net result of €138k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-50
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 12.69 against 5.88 in 2023), and 23.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.4%
Return on assets
7.7%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.4M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
61 d late
2022
18 d late
2021
38 d early
2020
9 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.37M▲ 6.3%
2023 · €1.29M
2018: €263k
2019: €288k
2020: €338k
2021: €303k
2022: €371k
2023: €1.29M
2018 → 2024
Total assets
€1.79M▼ 14.2%
2023 · €2.09M
2018: €1.02M
2019: €1.56M
2020: €1.52M
2021: €1.55M
2022: €1.49M
2023: €2.09M
2018 → 2024
Net result
€138k▼ 85.2%
2023 · €933k
2018: €60k
2019: €26k
2020: €49k
2021: €131k
2022: €84k
2023: €933k
2018 → 2024
Working capital
€1.19M▼ 5.5%
2023 · €1.26M
2018: €113k
2019: €79k
2020: €115k
2021: €101k
2022: €153k
2023: €1.26M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€338k-€303k▼ 10.4%€371k▲ 22.5%€1.29M▲ 248%€1.37M▲ 6.3%
Operating result€86k-€203k▲ 136%€131k▼ 35.6%€1.40M▲ 967%€193k▼ 86.2%
Net result€49k-€131k▲ 166%€84k▼ 36.0%€933k▲ 1,010%€138k▼ 85.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 86% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.79M
Fixed assets
€500k▼ 12.2%
Current assets
€1.29M▼ 14.9%
Equity and liabilities €1.79M
Equity
€1.37M▲ 6.3%
Debt
€423k▼ 47.1%
The debt ratio falls from 38.3% to 23.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€258k▼
2023 · €1.48M
Cash flow
€203k▼
2023 · €1.01M
Solvency
76.4%▲
2023 · 61.7%
Current ratio
12.69▲
2023 · 5.88
Quick ratio
12.69▲
2023 · 5.88
Debt / equity
0.31▼
2023 · 0.62
ROE
10.1%▼
2023 · 72.4%
ROA
7.7%▼
2023 · 44.7%
Interest coverage
24.54▼
2023 · 121.20
Debt
€423k▼
2023 · €801k
Debt ≤ 1 year
€102k▼
2023 · €258k
Debt > 1 year
€319k▼
2023 · €540k
Income taxes
€67k▼
2023 · €455k
Staff costs
€-283▼
2023 · €368k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.09M€1.79M▼
Fixed assets21/28€570k€500k▼
Intangible fixed assets21€135k€120k▼
Tangible fixed assets22/27€431k€380k▼
Land and buildings22€425k€376k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€5k€150▼
Current assets29/58€1.52M€1.29M▼
Amounts receivable after more than one year29€135k€788k▲
Other amounts receivable291€135k€788k▲
Amounts receivable within one year40/41€264k€98k▼
Trade receivables40€254k€86k▼
Other amounts receivable41€9k€11k▲
Cash at bank and in hand54/58€1.10M€404k▼
Deferred charges and accrued income490/1€19k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.09M€1.79M▼
Equity10/15€1.29M€1.37M▲
Contributions10/11€6k€6k=
Reserves13€1.28M€1.36M▲
Distributable reserves133€1.28M€1.36M▲
Amounts payable17/49€801k€423k▼
Amounts payable after more than one year17€540k€319k▼
Financial debts170/4€540k€319k▼
Amounts payable within one year42/48€258k€102k▼
Current portion of amounts payable after more than one year42€57k€39k▼
Trade debts44€77k€32k▼
Suppliers440/4€77k€32k▼
Advances received on contracts in progress46€30k€22k▼
Taxes, remuneration and social security45€85k€6k▼
Taxes450/3€85k€6k▼
Other amounts payable47/48€10k€3k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€1.01M€201k▼
Remuneration, social security and pensions62€368k€-283▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€65k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k-
Other operating charges640/8€13k€779▼
Non-recurring operating charges66A€399€175▼
Gross operating margin9900€1.86M€259k▼
Operating profit (loss)9901€1.40M€193k▼
Financial income75/76B€4k€23k▲
Recurring financial income75€4k€23k▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€1.39M€205k▼
Income taxes67/77€455k€67k▼
Profit (loss) for the period9904€933k€138k▼
Profit (loss) for the period to be appropriated9905€933k€138k▼
Appropriation of the result
Profit (loss) to be appropriated9906€933k€138k▼
Transfer from equity791/2€15k€57k▲
Transfer to equity691/2€933k€138k▼
To other reserves6921€933k€138k▼
Profit to be distributed694/7€15k€57k▲
Return on contributions (dividend)694€15k€57k▲
Social balance
Average headcount (FTE)90878.7-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 12.69
Current ratio from 5.88 to 12.69; short-term debt falls from €258k to €102k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €933k ▲1010%
Operating result €1.40M, net result €933k, both a record.
31-12
Financial
Liquidity times 5current ratio 5.88
Current ratio from 1.29 to 5.88; short-term debt falls from €518k to €258k.
31-12
Financial
Equity above €1MEq €1.29M ▲248%
6 profitable years in a row build equity to €1.29M.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €26k ▼56.7%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kruisem · 1 establishment unit since 2007
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.
Meesterstraatje 19750 KruisemGround area
2,207 m²
Building footprint
177 m²
Volume, LiDAR
886 m³
Parcel 45036A1025/00H000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TF2
since 20072.163.331.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45036A1025/00H000 | Flanders | 2,207 m² | 1 · 177 m² | 6.7 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 to 2024 · 4 entries · 9,060 EUR awarded · 9,120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 511 EUR | 511 EUR |
| 2023 | 1 | 270 EUR | 330 EUR |
| 2022 | 2 | 8,279 EUR | 8,279 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
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M.T.H.
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GODIYA
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IMMOPHAR
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Of 9,095 companies in sector 68201 we hold annual accounts for 6,728. 4,617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2007
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
77110Renting and leasing of cars and light motor vehicles
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.