TFC Médical
ActiveTFC Médical has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €66k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 4830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-70
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 8.7 against 7.03 in 2024), and 12.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.5%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
23 d late
2022
16 d late
2021
39 d early
2020
33 d early
2019
30 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k▼ 68.4%
2024 · €209k
2018: €21k
2019: €90k
2020: €111k
2021: €193k
2022: €198k
2023: €137k
2024: €209k
2018 → 2025
Working capital
€1.07M▲ 0.3%
2024 · €1.07M
2018: €393k
2019: €437k
2020: €507k
2021: €659k
2022: €874k
2023: €932k
2024: €1.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€637k-€788k▲ 23.7%€877k▲ 11.4%€1.05M▲ 19.2%€1.09M▲ 4.0%
Operating result€286k-€273k▼ 4.6%€204k▼ 25.2%€289k▲ 41.5%€88k▼ 69.6%
Net result€193k-€198k▲ 2.5%€137k▼ 30.6%€209k▲ 51.8%€66k▼ 68.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€32k▲ 51.1%
Current assets
€1.21M▼ 2.8%
Equity and liabilities €1.24M
Equity
€1.09M▲ 4.0%
Debt
€155k▼ 29.7%
The debt ratio falls from 17.4% to 12.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€99k▼
2024 · €299k
Cash flow
€77k▼
2024 · €219k
Solvency
87.5%▲
2024 · 82.6%
Current ratio
8.70▲
2024 · 7.03
Quick ratio
5.64▲
2024 · 4.55
Debt / equity
0.14▼
2024 · 0.21
ROE
6.1%▼
2024 · 20.0%
ROA
5.3%▼
2024 · 16.5%
Interest coverage
16.29▼
2024 · 41.45
Debt
€155k▼
2024 · €221k
Debt ≤ 1 year
€139k▼
2024 · €177k
Debt > 1 year
€16k▼
2024 · €43k
Income taxes
€24k▼
2024 · €75k
Staff costs
€128k▲
2024 · €102k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.24M▼
Fixed assets21/28€21k€32k▲
Tangible fixed assets22/27€20k€31k▲
Plant, machinery and equipment23€17k€27k▲
Furniture and vehicles24€2k€3k▲
Financial fixed assets28€1k€1k=
Current assets29/58€1.25M€1.21M▼
Stocks and contracts in progress3€439k€426k▼
Stocks30/36€439k€426k▼
Amounts receivable within one year40/41€366k€318k▼
Trade receivables40€357k€270k▼
Other amounts receivable41€10k€48k▲
Current investments50/53€200k€200k=
Cash at bank and in hand54/58€236k€264k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.24M▼
Equity10/15€1.05M€1.09M▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€290k€290k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€282k€282k=
Profit (loss) carried forward14€676k€718k▲
Amounts payable17/49€221k€155k▼
Amounts payable after more than one year17€43k€16k▼
Financial debts170/4€43k€16k▼
Amounts payable within one year42/48€177k€139k▼
Current portion of amounts payable after more than one year42€42k€27k▼
Trade debts44€58k€55k▼
Suppliers440/4€58k€55k▼
Taxes, remuneration and social security45€30k€28k▼
Taxes450/3€28k€15k▼
Remuneration and social security454/9€2k€13k▲
Other amounts payable47/48€47k€28k▼
Income statement
Code20242025
Remuneration, social security and pensions62€102k€128k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€2k€959▼
Gross operating margin9900€403k€229k▼
Operating profit (loss)9901€289k€88k▼
Financial income75/76B€3k€8k▲
Recurring financial income75€3k€8k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€284k€90k▼
Income taxes67/77€75k€24k▼
Profit (loss) for the period9904€209k€66k▼
Profit (loss) for the period to be appropriated9905€209k€66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€716k€742k▲
Profit (loss) brought forward from the previous period14P€507k€676k▲
Profit to be distributed694/7€40k€24k▼
Return on contributions (dividend)694€40k€24k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (7 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €209k ▲51.8%
Operating result €289k, net result €209k, both a record.
31-12
Financial
Equity above €1MEq €1.05M ▲19.2%
7 profitable years in a row build equity to €1.05M.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €514k ▲27.4%
3 profitable years in a row build equity to €514k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Theux · 2 establishment units 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.
Rue du Pied de la Fagne 204910 TheuxGround area
3,182 m²
Building footprint
301 m²
Volume, LiDAR
771 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TFC MEDICAL
since 20152.239.224.115
TFC MEDICAL
since 20172.261.546.090
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095C0052/00R000 | Wallonia | 1,742 m² | 1 · 176 m² | - |
| 63076D1543/00S000 | Wallonia | 1,440 m² | 1 · 125 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,896 companies in sector 46460 we hold annual accounts for 1,116. 748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-01-2015
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.