TGF
ActiveTGF has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+20
Solvency58▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.12 in 2024; short-term debt: 30.2% and cash: 15.9% of total assets), and 66.9% 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 70
Relative position
BE, all sectors
reference
Sector 70
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 2025Solvency, return and age of the figures
Solvency
33.1%
Return on assets
5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
1 d early
2023
1 d early
2022
6 d early
2021
6 d early
2020
5 d late
2019
3 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, micro schema
Equity
€31k▲ 17.8%
2024 · €27k
2018: €15k
2019: €12k
2020: €17k
2021: €13k
2022: €14k
2023: €26k
2024: €27k
2018 → 2025
Total assets
€95k▼ 7.9%
2024 · €103k
2018: €129k
2019: €120k
2020: €132k
2021: €123k
2022: €114k
2023: €114k
2024: €103k
2018 → 2025
Net result
€5k▲ 739%
2024 · €566
2018: €994
2019: €-3k
2020: €4k
2021: €-3k
2022: €184
2023: €13k
2024: €566
2018 → 2025
Working capital
€697▼ 77.6%
2024 · €3k
2018: €-4k
2019: €-3k
2020: €7k
2021: €3k
2022: €664
2023: €9k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€14k▲ 1.4%€26k▲ 91.7%€27k▲ 2.2%€31k▲ 17.8%
Operating result€95-€5k▲ 4,656%€22k▲ 388%€5k▼ 75.8%€10k▲ 93.9%
Net result€-3k-€184€13k▲ 6,700%€566▼ 95.5%€5k▲ 739%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 94% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€66k▼ 10.1%
Current assets
€29k▼ 2.5%
Equity and liabilities €95k
Equity
€31k▲ 17.8%
Debt
€64k▼ 16.9%
The debt ratio falls from 74.1% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €16k
Cash flow
€19k▲
2024 · €11k
Solvency
33.1%▲
2024 · 25.9%
Current ratio
1.02▼
2024 · 1.12
Quick ratio
1.02▼
2024 · 1.12
Debt / equity
2.02▼
2024 · 2.86
ROE
15.1%▲
2024 · 2.1%
ROA
5.0%▲
2024 · 0.5%
Interest coverage
7.76▲
2024 · 4.29
Debt
€64k▼
2024 · €76k
Debt ≤ 1 year
€29k▲
2024 · €27k
Debt > 1 year
€35k▼
2024 · €44k
Income taxes
€3k▲
2024 · €1k
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€103k€95k▼
Fixed assets21/28€73k€66k▼
Tangible fixed assets22/27€73k€66k▼
Land and buildings22€64k€55k▼
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€6k€3k▼
Current assets29/58€30k€29k▼
Amounts receivable within one year40/41€17k€12k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€9k€15k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€103k€95k▼
Equity10/15€27k€31k▲
Contributions10/11€6k€6k=
Reserves13€20k€25k▲
Distributable reserves133€20k€25k▲
Amounts payable17/49€76k€64k▼
Amounts payable after more than one year17€44k€35k▼
Financial debts170/4€44k€35k▼
Amounts payable within one year42/48€27k€29k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€384€564▲
Suppliers440/4€384€564▲
Advances received on contracts in progress46€4k€702▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€13k€14k▲
Accrued charges and deferred income492/3€5k€325▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€18k€27k▲
Operating profit (loss)9901€5k€10k▲
Financial income75/76B€245€226▼
Recurring financial income75€245€226▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€2k€7k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€566€5k▲
Profit (loss) for the period to be appropriated9905€566€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€566€5k▲
Transfer to equity691/2€566€5k▲
To other reserves6921€566€5k▲
The notes to these accounts (8 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €13k ▲6700%
Operating result €22k, net result €13k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €184
Net result €184 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-3k ▼174%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schilde · 1 establishment unit since 2012
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.
Zwaneweg 112970 SchildeGround area
645 m²
Building footprint
101 m²
Volume, LiDAR
536 m³
Parcel 11922C0105/00B005, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TGF
since 20122.211.208.139
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0105/00B005 | Flanders | 645 m² | 1 · 101 m² | 8.3 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.
Similar companies · same sector, comparable size
Brightbox
BE 1021.234.509
Leuven · Eq €31k
DJEC
BE 0699.939.528
Boortmeerbeek · Eq €31k
VERBOSCH CONSULTING
BE 0463.221.322
Meise · Eq €31k
Davy Collin
BE 0753.747.903
Wellen · Eq €31k
Delaport
BE 0779.609.883
Steenokkerzeel · Eq €31k
Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 34,774 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2012
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
13100Manufacture of textiles
46412Wholesale of household textiles and bedding
47513Retail trade
47519Retail trade
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.