TIFMANNEGOCE
InactiveTIFMANNEGOCE was declared bankrupt on 07-07-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 03-02-2026, published in the Belgian State Gazette on 13-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-01-2023, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
183 d late
2020
75 d late
2019
108 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22▼ 99.9%
2020 · €34k
2018: €26k
2019: €103k
2020: €34k
2018 → 2021
Working capital
€668k▲ 54.1%
2020 · €434k
2018: €342k
2019: €424k
2020: €434k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€271k-€374k▲ 37.9%€408k▲ 9.0%€408k=
Operating result€56k-€162k▲ 188%€109k▼ 32.3%€126k▲ 14.7%
Net result€26k-€103k▲ 296%€34k▼ 67.1%€22▼ 99.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 15% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.36M
Fixed assets
€290k ▼ 4.9%
Current assets
€2.07M ▼ 11.8%
Equity and liabilities €2.36M
Equity
€408k =
Debt
€1.95M ▼ 13.1%
Debt's share of the balance-sheet total falls from 84.6% to 82.7%. Debt is lower.
Key figures and ratios
EBITDA
€170k▲
2020 · €135k
Cash flow
€44k▼
2020 · €59k
Current ratio
1.48▲
2020 · 1.23
Quick ratio
0.62▼
2020 · 0.75
Debt to equity
4.79▲
2020 · 0.81
ROE
0.0%▼
2020 · 8.3%
ROA
0.0%▼
2020 · 1.3%
Interest coverage
2.03
Debt ≤ 1 year
€1.40M▼
2020 · €1.92M
Debt > 1 year
€550k▲
2020 · €331k
Income taxes
€42k
Staff costs
€246k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 49 lines
Balance sheet
Code20202021
Assets
Total assets20/58€2.66M€2.36M▼
Fixed assets21/28€305k€290k▼
Tangible fixed assets22/27€294k€267k▼
Plant, machinery and equipment23-€17k
Furniture and vehicles24-€17k
Other tangible fixed assets26-€234k
Financial fixed assets28€11k€23k▲
Current assets29/58€2.35M€2.07M▼
Stocks and contracts in progress3€914k€1.20M▲
Stocks30/36-€1.20M
Amounts receivable within one year40/41€1.25M€653k▼
Trade receivables40-€560k
Other amounts receivable41-€92k
Cash at bank and in hand54/58€188k€222k▲
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.36M▼
Equity10/15€408k€408k=
Contributions10/11€119k€119k=
Capital10-€119k
Issued capital100-€119k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€287k€287k=
Amounts payable17/49€2.25M€1.95M▼
Amounts payable after more than one year17€331k€550k▲
Financial debts170/4-€550k
Amounts payable within one year42/48€1.92M€1.40M▼
Current portion of amounts payable after more than one year42-€82k
Trade debts44€1.82M€1.28M▼
Suppliers440/4-€1.28M
Taxes, remuneration and social security45-€41k
Taxes450/3-€5k
Remuneration and social security454/9-€36k
Income statement
Code20202021
Remuneration, social security and pensions62-€246k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€44k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€124k
Other operating charges640/8-€40k
Gross operating margin9900€364k€581k▲
Operating profit (loss)9901€109k€126k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B-€84k
Recurring financial charges65€76k€84k▲
Profit (loss) for the period before taxes9903€34k€42k▲
Income taxes67/77-€42k
Profit (loss) for the period9904€34k€22▼
Profit (loss) for the period to be appropriated9905€34k€22▼
Appropriation of the result
Profit (loss) to be appropriated9906-€287k
Profit (loss) brought forward from the previous period14P-€287k
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
2026
13-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · TIFMANNEGOCE SRL RUE DES ANCIENS ETANGS 40, 1190 FOREST. déclarée le 7 juillet 2023 · event 03-02-2026
2023
13-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · TIFMANNEGOCE SRL RUE DES ANCIENS ETANGS 40, 1190 FOREST · event 07-07-2023
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 183 days late
2021
31-12
Financial
Weakest financial yearnet €22 ▼99.9%
Net result drops to €22, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 75 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
31-12
Financial
Highest result since 2018net €103k ▲296%
Operating result €162k, net result €103k, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 51 days late
2018
11-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
2015
05-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 36 days late
2014
04-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
07-07-2023 → 03-02-2026 |