Equity
€107,873 ▲ 136%
Equity rose in 2025 from €45,612 to €107,873.
TFF PROJECTS
Lifetime
2 annual accounts with figures on one time axispeak €86,528 (2025)
€86,528▲ 52.9%
peak €62,261 (2025)
€62,261▲ 53.3%
peak €107,873 (2025)
€107,873▲ 136%
€30,178▲ 40.4%
Board2 names since 2024
2 directorsFERRARI Tim Luc Josette and 1 other
Documentsfilings and deeds
10-06-202651 days before the deadline
2025micro format
Gross margin from €56,590 to €86,528Result from €40,612 to €62,261Equity from €45,612 to €107,873Debts from €21,494 to €30,178Cash from €63,670 to €125,164
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The micro format states no turnover.
Position in the sector
€62,261
Higher net result than 85% of companies in real estate. Sector median €5,995 · 17,190 companies.
Checked score
99
Excellent
Financially stronger than 93% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 0.7%highest value
04-2025: 0.7%● unchanged vs 03-2025highest value
05-2025: < 0.1%▼ -0.7 percentage points vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Liquidity: current ratio 4.56, cash €125,164
Sector: Real estate activities (NACE 68)
Equity €107,873 (78.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 91% of them on solvency, 92% on liquidity, 95% on profitability and 93% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as TFF PROJECTS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TFF PROJECTS itself is lower: < 0.1% within 12 months. It rests on far more data about TFF PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for TFF PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 4.56 (3.08 in 2024), above the usual 1.5. Short-term debt is 21.9% and cash 90.7% of total assets. 21.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
51 days early
2024
97 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 74 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FERRARI Tim Luc Josette 90 sharesdeed of 23-02-2024
- VITS Scarlett Victor Margriet 10 sharesdeed of 23-02-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1006283839
Environmental permit granted
Bouwen of herbouwen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Sint-Niklaas
Incorporation
Founding capital of €5,000, 100 shares · Founders: FERRARI Tim Luc Josette and VITS Scarlett Victor Margriet · Appointments: FERRARI Tim Luc Josette (director) and VITS Scarlett Victor Margriet (director) · published on 23-02-2024 · Gazette deed
First establishment
Botermelkstraat 25, Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TFF PROJECTS Sint-Niklaas | €138,051 | €86,528 | 78.1% | - |
| KoT47 Marchin | €138,244 | €88,145 | 46.6% | - |
| Rentica Ghent | €114,235 | €118,769 | 24.3% | - |
| MZH EVENTS Anderlecht | €120,866 | €78,311 | -30.3% | - |
| MC HQ Rotselaar | €110,734 | €93,531 | 72.2% | - |
| GAVID Keerbergen | €178,941 | €65,812 | 97.5% | - |
| ARI Home Nivelles | €157,323 | €83,298 | 29.7% | - |
These companies have the same main activity as TFF PROJECTS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €111,000 and €179,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 21-02-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 5 others
- Establishment unit
- 2.357.281.8259100 Sint-Niklaas, since 21-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €138,051▲ 106%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on TFF PROJECTS
TFF PROJECTS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,873 and a net result of €62,261.
Its solvency ranks better than 85% of 17,199 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TFF PROJECTS
- What is the company number of TFF PROJECTS?
- The company number of TFF PROJECTS is 1006.283.839. The VAT number is the same number with BE in front: BE 1006.283.839.
- Where is TFF PROJECTS based?
- The registered office is at Botermelkstraat 25, 9100 Sint-Niklaas.Company details
- What does TFF PROJECTS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of TFF PROJECTS?
- TFF PROJECTS is a private limited company (BV).
- When was TFF PROJECTS founded?
- TFF PROJECTS was founded on 21-02-2024.
- Is TFF PROJECTS still active?
- Yes, TFF PROJECTS is an active enterprise in the KBO register.
- What is the turnover of TFF PROJECTS?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €86,528 and 45 comparable companies (NACE 682). It probably lies between €97,000 and €140,000.Financials
- Is TFF PROJECTS profitable?
- In financial year 2025, TFF PROJECTS made a profit of €62,261.
- Where can I find the annual accounts of TFF PROJECTS?
- TFF PROJECTS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TFF PROJECTS due?
- TFF PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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