TOFA CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of TOFA CONCEPT is 3.5% (moderate). The 2025 annual accounts show equity of €69,663 and a net result of €19,307. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 28254 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+2
Solvency100=
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.46 against 12.37 in 2024; short-term debt: 16.3% and cash: 51.2% of total assets), and 21.7% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-10-2025, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
45 d early
2023
49 d early
2022
35 d early
2021
24 d early
2020
39 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€82,254▼ 9.7%
2021 · €91,060
EBIT margin
7.4%▼ 1.3pp
2021 · 8.6%
Net result
€19,307▲ 66.1%
2024 · €11,623
Working capital
€64,730▲ 36.3%
2024 · €47,504
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€91,060▼ 44.3%€82,254▼ 9.7%
Operating result€7,842▼ 61.3%€6,051▼ 22.8%€4,332▼ 28.4%€15,750▲ 264%€24,715▲ 56.9%
Net result€6,221within the sector's middle half▼ 61.1%€4,599within the sector's middle half▼ 26.1%€5,707within the sector's middle half▲ 24.1%€11,623within the sector's middle half▲ 104%€19,307within the sector's middle half▲ 66.1%
EBIT margin8.6%▼ 3.8pp7.4%▼ 1.3pp
Equity€28,427within the sector's middle half▲ 28.0%€33,026within the sector's middle half▲ 16.2%€38,733within the sector's middle half▲ 17.3%€50,355within the sector's middle half▲ 30.0%€69,663within the sector's middle half▲ 38.3%
Total assets€31,163below the sector's middle half▼ 12.3%€44,602below the sector's middle half▲ 43.1%€56,786below the sector's middle half▲ 27.3%€57,062below the sector's middle half▲ 0.5%€88,986within the sector's middle half▲ 55.9%
Debt€2,736▼ 79.4%€11,577▲ 323%€18,053▲ 55.9%€6,707▼ 62.9%€19,323▲ 188%
Working capital€27,528within the sector's middle half▲ 32.4%€33,026within the sector's middle half▲ 20.0%€37,740within the sector's middle half▲ 14.3%€47,504within the sector's middle half▲ 25.9%€64,730within the sector's middle half▲ 36.3%
Solvency91.2%above the sector's middle half▲ 28.7pp74.0%above the sector's middle half▼ 17.2pp68.2%above the sector's middle half▼ 5.8pp88.2%above the sector's middle half▲ 20.0pp78.3%above the sector's middle half▼ 10.0pp
Current ratio11.06above the sector's middle half▲ 8.508.98above the sector's middle half▼ 2.083.89above the sector's middle half▼ 5.0912.37above the sector's middle half▲ 8.485.46above the sector's middle half▼ 6.91
Return on assets (ROA)20.0%above the sector's middle half▼ 25.1pp10.3%within the sector's middle half▼ 9.7pp10.0%within the sector's middle half▼ 0.3pp20.4%above the sector's middle half▲ 10.3pp21.7%above the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,986
Fixed assets
€9,737 ▲ 81.0%
Current assets
€79,250 ▲ 53.3%
Equity and liabilities €88,986
Equity
€69,663 ▲ 38.3%
Debt
€19,323 ▲ 188%
Debt's share of the balance-sheet total rises from 11.8% to 21.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,031▲
2024 · €18,856
Cash flow
€24,623▲
2024 · €14,729
Debt to equity
0.28▲
2024 · 0.13
ROE
27.7%▲
2024 · 23.1%
Interest coverage
74.13▼
2024 · 109.00
Debt ≤ 1 year
€14,520▲
2024 · €4,178
Debt > 1 year
€4,803▲
2024 · €2,529
Income taxes
€5,011▲
2024 · €3,954
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €91,060 | €82,254 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €74,884 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,314 | €900 | €3,000 | €3,106 | €5,316 | ▲ 71.2% |
| Other operating charges640/8 | - | €420 | €464 | €609 | €617 | ▲ 1.3% |
| Non-recurring operating charges66A | - | - | €3,623 | - | - | - |
| Gross operating margin9900 | €10,200 | €7,370 | €11,419 | €19,465 | €30,648 | ▲ 57.5% |
| Operating profit (loss)9901 | €7,842 | €6,051 | €4,332 | €15,750 | €24,715 | ▲ 56.9% |
| Financial income75/76B | - | - | €3,623 | - | €8 | - |
| Recurring financial income75 | - | - | €3,623 | - | €8 | - |
| Non-recurring financial income76B | - | - | €3,623 | - | - | - |
| Financial charges65/66B | - | €197 | €219 | €173 | €405 | ▲ 134% |
| Recurring financial charges65 | €55 | €197 | €219 | €173 | €405 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €7,787 | €5,854 | €7,735 | €15,577 | €24,318 | ▲ 56.1% |
| Income taxes67/77 | €1,566 | €1,255 | €2,029 | €3,954 | €5,011 | ▲ 26.7% |
| Profit (loss) for the period9904 | €6,221 | €4,599 | €5,707 | €11,623 | €19,307 | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | €6,221 | €4,599 | €5,707 | €11,623 | €19,307 | ▲ 66.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,163 | €44,602 | €56,786 | €57,062 | €88,986 | ▲ 55.9% |
| Fixed assets21/28 | €900 | €7,438 | €6,000 | €5,380 | €9,737 | ▲ 81.0% |
| Tangible fixed assets22/27 | €900 | €7,438 | €6,000 | €5,380 | €9,737 | ▲ 81.0% |
| Plant, machinery and equipment23 | - | - | - | €1,163 | €529 | ▼ 54.5% |
| Furniture and vehicles24 | - | €7,438 | €6,000 | €4,217 | €9,208 | ▲ 118% |
| Current assets29/58 | €30,264 | €37,164 | €50,786 | €51,682 | €79,250 | ▲ 53.3% |
| Amounts receivable within one year40/41 | €8,811 | €10,074 | €24,919 | €45,097 | €33,709 | ▼ 25.3% |
| Trade receivables40 | - | - | €11,170 | €22,106 | €1,491 | ▼ 93.3% |
| Other amounts receivable41 | - | €10,074 | €13,749 | €22,990 | €32,218 | ▲ 40.1% |
| Cash at bank and in hand54/58 | €21,453 | €27,091 | €25,867 | €6,585 | €45,540 | ▲ 592% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,163 | €44,602 | €56,786 | €57,062 | €88,986 | ▲ 55.9% |
| Equity10/15 | €28,427 | €33,026 | €38,733 | €50,355 | €69,663 | ▲ 38.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €20,367 | €24,966 | €30,673 | €42,295 | €61,603 | ▲ 45.6% |
| Amounts payable17/49 | €2,736 | €11,577 | €18,053 | €6,707 | €19,323 | ▲ 188% |
| Amounts payable after more than one year17 | - | €7,438 | €5,008 | €2,529 | €4,803 | ▲ 90.0% |
| Financial debts170/4 | - | €7,438 | €5,008 | €2,529 | €4,803 | ▲ 90.0% |
| Amounts payable within one year42/48 | €2,736 | €4,139 | €13,046 | €4,178 | €14,520 | ▲ 248% |
| Current portion of amounts payable after more than one year42 | - | - | - | €213 | €2,751 | ▲ 1,191% |
| Trade debts44 | €1,370 | €939 | €11,031 | €2,411 | €1,694 | ▼ 29.7% |
| Suppliers440/4 | - | €300 | €36 | €690 | €430 | ▼ 37.7% |
| Bills of exchange payable441 | - | €639 | €10,994 | €1,721 | €1,264 | ▼ 26.5% |
| Taxes, remuneration and social security45 | - | €3,200 | €2,015 | €1,554 | €10,075 | ▲ 548% |
| Taxes450/3 | - | - | - | €1,554 | €2,506 | ▲ 61.2% |
| Remuneration and social security454/9 | - | €3,200 | €2,015 | - | €7,569 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,221 | €4,599 | €5,707 | €11,623 | €19,307 | ▲ 66.1% |
| + Depreciation and write-downs630 | €2,314 | €900 | €3,000 | €3,106 | €5,316 | ▲ 71.2% |
| Operating cash flow (approximation) | €8,534 | €5,498 | €8,707 | €14,729 | €24,623 | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | -€7,438 | -€1,562 | -€2,486 | -€9,672 | ▼ 289% |
| Change in cash | - | €5,638 | -€1,223 | -€19,282 | €38,955 | ▲ 302% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2020net €19,307 ▲66.1%
Operating result €24,715, net result €19,307, both a record.
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 12.37
Current ratio from 3.89 to 12.37; short-term debt falls from €13,046 to €4,178.
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €4,599 ▼26.1%
Net result drops to €4,599, the lowest in the series; recovery starts the following year.
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 11.06
Current ratio from 2.56 to 11.06; short-term debt falls from €13,314 to €2,736.
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Anderlecht · 1 establishment unit since 2018
Ground area
98 m²
Building footprint
99 m²
Volume, LiDAR
756 m³
Parcel 21306D0197/00W000, Brussels · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TOFA CONCEPT
since 20182.281.771.085
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0197/00W000 | Brussels | 98 m² | 1 · 99 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2018
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
43221Plumbing work
43320Joinery installation
43350Other building finishing work
43422Screed work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712592286
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.