TFM CONCEPT SERVICES
ActiveThe computed 12-month bankruptcy probability of TFM CONCEPT SERVICES is 2.0% (moderate). The 2024 annual accounts show equity of €76k and a net result of €18k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 26056 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability47▼-53
Solvency27▼-27
Growth52=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.41 in 2023), and 81.1% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
18.9%
Return on assets
4.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
65 d late
2022
42 d late
2021
40 d early
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.82M
EBIT margin
1.6%
Net result
€18k▲ 2.1%
2023 · €18k
2020: €44k
2021: €73k
2022: €32k
2023: €18k
2020 → 2024
Working capital
€48k▼ 31.6%
2023 · €70k
2020: €-15k
2021: €55k
2022: €65k
2023: €70k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.82M
Equity€14k-€62k▲ 344%€69k▲ 11.3%€73k▲ 4.8%€76k▲ 5.1%
Operating result€63k-€95k▲ 52.0%€44k▼ 53.4%€32k▼ 27.4%€30k▼ 7.8%
Net result€44k-€73k▲ 66.3%€32k▼ 56.2%€18k▼ 44.4%€18k▲ 2.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 8% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €403k
Fixed assets
€50k▲ 287%
Current assets
€353k▲ 47.4%
Equity and liabilities €403k
Equity
€76k▲ 5.1%
Debt
€327k▲ 81.8%
The debt ratio rises from 71.2% to 81.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€35k▼
2023 · €37k
Cash flow
€24k▲
2023 · €23k
Solvency
18.9%▼
2023 · 28.8%
Current ratio
1.16▼
2023 · 1.41
Quick ratio
0.97▼
2023 · 0.99
Debt / equity
4.28▲
2023 · 2.48
ROE
23.8%▼
2023 · 24.5%
ROA
4.5%▼
2023 · 7.1%
Interest coverage
6.95▼
2023 · 15.57
Debt
€327k▲
2023 · €180k
Debt ≤ 1 year
€306k▲
2023 · €170k
Debt > 1 year
€21k▲
2023 · €7k
Income taxes
€6k▼
2023 · €12k
Staff costs
€150k▲
2023 · €125k
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€253k€403k▲
Formation expenses20€0€0=
Fixed assets21/28€13k€50k▲
Tangible fixed assets22/27€11k€48k▲
Land and buildings22-€7k
Furniture and vehicles24€11k€0▼
Leasing and similar rights25-€39k
Other tangible fixed assets26-€997
Financial fixed assets28€2k€2k=
Current assets29/58€240k€353k▲
Stocks and contracts in progress3€72k€58k▼
Stocks30/36€72k€58k▼
Amounts receivable within one year40/41€60k€207k▲
Trade receivables40€53k€181k▲
Other amounts receivable41€7k€27k▲
Cash at bank and in hand54/58€108k€88k▼
Deferred charges and accrued income490/1€19€0▼
Equity and liabilities
Total equity and liabilities10/49€253k€403k▲
Equity10/15€73k€76k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€68k€71k▲
Amounts payable17/49€180k€327k▲
Amounts payable after more than one year17€7k€21k▲
Financial debts170/4€7k€21k▲
Amounts payable within one year42/48€170k€306k▲
Current portion of amounts payable after more than one year42€5k€12k▲
Trade debts44€97k€225k▲
Suppliers440/4€97k€225k▲
Taxes, remuneration and social security45€43k€33k▼
Taxes450/3€21k€14k▼
Remuneration and social security454/9€21k€19k▼
Other amounts payable47/48€26k€36k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20232024
Turnover70-€1.82M
Non-recurring operating income76A-€6k
Goods, raw materials, services and sundry goods60/61-€1.66M
Remuneration, social security and pensions62€125k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€164k€188k▲
Operating profit (loss)9901€32k€30k▼
Financial income75/76B€117€21▼
Recurring financial income75€8€21▲
Non-recurring financial income76B€110-
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Non-recurring financial charges66B€0€101▲
Profit (loss) for the period before taxes9903€30k€25k▼
Income taxes67/77€12k€6k▼
Profit (loss) for the period9904€18k€18k▲
Profit (loss) for the period to be appropriated9905€18k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€86k▲
Profit (loss) brought forward from the previous period14P€64k€68k▲
Profit to be distributed694/7€15k€15k=
Return on contributions (dividend)694€15k€15k=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €18k ▼44.4%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2020net €73k ▲66.3%
Operating result €95k, net result €73k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 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, Seraing · 1 establishment unit since 2019
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 de la Vecquée 4104100 SeraingGround area
1,432 m²
Building footprint
641 m²
Volume, LiDAR
3,084 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TFM CONCEPT SERVICES
since 20192.294.948.437
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62096A0288/00F006 | Wallonia | 991 m² | 1 · 593 m² | 8.8 m · 2 fl. |
| 62354C0013/00Z003 | Wallonia | 441 m² | 1 · 48 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeraing2.294.948.437
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Of 1,262 companies in sector 47300 we hold annual accounts for 946. 769 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
47715Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:farouk8150@live.fr
Phone:+32497227346