Financials
- Fiscal year
- 2024
- Turnover
- €167,344
- Profit
- €57,786
- Solvency
- 47.5%
Turnover▲ 5,188%
Net result
20182024
TFS MANAGEMENT
ActiveSummary
TFS MANAGEMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34,069 and a net result of €57,786. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 89 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Manufacture of motor vehicles, trailers and semi-trailers
NACE 29201
1 site
Size
€167,344turnover 2024
- Equity
- €34,069
- Profit
- €57,786
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 68- Figures for FY 2024 (filed 30-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late+ Sector Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)+ Liquidity: current ratio 2.89, cash €27,642Show the evidence
Checked score
Score 2024
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 83% of its sector peers (NACE 29, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
73+73
equity 47.5% of total assets
Liquidity
84+38
short-term debt 33.0% · cash 38.6%
Profitability
100+100
return on assets 80.6%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.6%▼ -1.1% vs 11-2024
01-2025: 1.6%▲ +2.1% vs 12-2024
02-2025: 1.7%▲ +1.0% vs 01-2025
03-2025: 1.6%▼ -6.1% vs 02-2025
04-2025: 1.6%▲ +1.7% vs 03-2025
05-2025: 1.5%▼ -2.3% vs 04-2025
06-2025: 1.4%▼ -8.6% vs 05-2025
07-2025: 1.4%▲ +1.7% vs 06-2025
08-2025: 1.9%▲ +32.7% vs 07-2025
09-2025: 2.0%▲ +4.0% vs 08-2025highest value
10-2025: 0.5%▼ -75.6% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%▼ -0.6% vs 11-2025
01-2026: 0.5%▲ +4.6% vs 12-2025
02-2026: 0.5%● 0.0% vs 01-2026
03-2026: 0.5%▼ -1.6% vs 02-2026
04-2026: 0.5%▲ +2.0% vs 03-2026
05-2026: 0.5%▲ +1.0% vs 04-2026
06-2026: 0.5%▼ -8.8% vs 05-2026lowest value
07-2026: 0.5%● 0.0% vs 06-2026lowest value
08-2026: 0.7%▲ +57.4% vs 07-2026
09-2026: 0.8%▲ +12.7% vs 08-2026
10-2026: 1.1%▲ +36.2% vs 09-2026
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
- Sector Manufacture of motor vehicles, trailers and semi-trailers (NACE 29) lowers the probability
- Liquidity: current ratio 2.89, cash €27,642 lowers the probability
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 0.29 in 2023; short-term debt: 33% and cash: 38.6% of total assets), but 52.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 29, micro). Better than this share of them on solvency 56%, liquidity 84%, profitability 95%, growth against the median 98%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Back to profitnet €57,786
- Liquidity times 10current ratio 2.89
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- 30-09-2025Annual accounts filed
- 31-12-2024Back to profit
- 31-12-2024Liquidity times 10
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of motor vehicles, trailers and semi-trailersNACE 29201
- Founded
- 26-07-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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