TOF
ActiveThe computed 12-month bankruptcy probability of TOF is 1.5% (moderate). The 2025 annual accounts show equity of €59k and a net result of €13k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 474 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-6
Solvency87▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.91 in 2024; short-term debt: 37.8% of total assets), and 37.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← 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
62.2%
Return on assets
13.5%
Age of the figures
9 mo
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
73 d early
2023
70 d early
2022
41 d early
2021
33 d early
2020
52 d early
2019
31 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 21.6%
2024 · €48k
2018: €37k
2019: €39k
2020: €48k
2021: €39k
2022: €34k
2023: €35k
2024: €48k
2018 → 2025
Total assets
€94k▲ 31.4%
2024 · €72k
2018: €88k
2019: €98k
2020: €78k
2021: €71k
2022: €69k
2023: €66k
2024: €72k
2018 → 2025
Net result
€13k▼ 5.8%
2024 · €14k
2018: €2k
2019: €2k
2020: €9k
2021: €-9k
2022: €-4k
2023: €910
2024: €14k
2018 → 2025
Working capital
€44k▼ 2.6%
2024 · €45k
2018: €34k
2019: €38k
2020: €35k
2021: €26k
2022: €19k
2023: €29k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€34k▼ 13.5%€35k▲ 2.7%€48k▲ 39.0%€59k▲ 21.6%
Operating result€-16k-€-3k▲ 78.2%€-561▲ 83.7%€19k€18k▼ 5.6%
Net result€-9k-€-4k▲ 53.6%€910€14k▲ 1,387%€13k▼ 5.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€14k▲ 498%
Current assets
€79k▲ 16.0%
Equity and liabilities €94k
Equity
€59k▲ 21.6%
Debt
€36k▲ 51.5%
The debt ratio rises from 32.7% to 37.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2024 · €26k
Cash flow
€15k▼
2024 · €21k
Solvency
62.2%▼
2024 · 67.3%
Current ratio
2.23▼
2024 · 2.91
Quick ratio
2.23▼
2024 · 2.91
Debt / equity
0.61▲
2024 · 0.49
ROE
21.7%▼
2024 · 28.0%
ROA
13.5%▼
2024 · 18.9%
Interest coverage
9.53▼
2024 · 12.56
Debt
€36k▲
2024 · €23k
Debt ≤ 1 year
€36k▲
2024 · €23k
Income taxes
€5k▲
2024 · €5k
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€72k€94k▲
Formation expenses20€1k€756▼
Fixed assets21/28€2k€14k▲
Tangible fixed assets22/27€2k€14k▲
Plant, machinery and equipment23€1k€14k▲
Furniture and vehicles24€899-
Current assets29/58€68k€79k▲
Amounts receivable after more than one year29€50k-
Trade receivables290€50k-
Amounts receivable within one year40/41€16k€77k▲
Trade receivables40€3k€10k▲
Other amounts receivable41€13k€67k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€72k€94k▲
Equity10/15€48k€59k▲
Contributions10/11€19k€19k=
Reserves13€17k€28k▲
Non-distributable reserves130/1€1k€2k▲
Reserves not available under the articles1311€1k€2k▲
Distributable reserves133€16k€26k▲
Profit (loss) carried forward14€12k€12k=
Amounts payable17/49€23k€36k▲
Amounts payable within one year42/48€23k€36k▲
Current portion of amounts payable after more than one year42€4k-
Financial debts43€10k€10k▲
Credit institutions430/8€10k€10k▲
Trade debts44€2k€18k▲
Suppliers440/4€2k€18k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Other operating charges640/8€2k€762▼
Gross operating margin9900€28k€21k▼
Operating profit (loss)9901€19k€18k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€18k€18k▼
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€14k€13k▼
Profit (loss) for the period to be appropriated9905€14k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€25k▼
Profit (loss) brought forward from the previous period14P€12k€12k=
Transfer from equity791/2-€2k
Transfer to equity691/2€14k€13k▼
To other reserves6921€14k€13k▼
Profit to be distributed694/7-€2k
Directors or managers695-€2k
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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €14k ▲1387%
Operating result €19k, net result €14k, both a record.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €910
Net result €910 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-9k ▼200%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ninove · 1 establishment unit since 2008
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.
Brusselsesteenweg 1929402 NinoveGround area
209 m²
Building footprint
73 m²
Volume, LiDAR
340 m³
Parcel 41038A0042/00Z004, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 192, 9402 Ninove
since 20082.169.845.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038A0042/00Z004 | Flanders | 209 m² | 1 · 73 m² | 10.0 m · 1 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
PANTHER EXPRESS
BE 0757.481.710
Beringen · Eq €59k
AGA'S TRANS
BE 1005.213.671
Wommelgem · Eq €59k
LDV COURIER
BE 0455.917.816
Roeselare · Eq €59k
BERKER
BE 0720.625.371
Nazareth-De Pinte · Eq €58k
Mira Trans
BE 0760.937.977
Lievegem · Eq €58k
Of 4,907 companies in sector 53200 we hold annual accounts for 1,329. 1,100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2008
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
77120Rental and leasing activities
77220Rental and leasing activities
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.