TOFIX
ActiveSummary
TOFIX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263k and a net result of €110k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-15
Solvency51▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 1.55 in 2024; short-term debt: 24.4% and cash: 12% of total assets), but 74.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.7%
Return on assets
10.8%
Age of the figures
9 mo
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
21 d early
2021
38 d early
2020
24 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€263k▲ 29.8%
2024 · €202k
2019: €115k
2020: €104k▼ -9.5% vs 2019lowest in 7 years
2021: €139k▲ +33.5% vs 2020
2022: €157k▲ +13.6% vs 2021
2023: €229k▲ +45.3% vs 2022
2024: €202k▼ -11.6% vs 2023
2025: €263k▲ +29.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.02M▲ 45.6%
2024 · €701k
2019: €671k
2020: €719k▲ +7.1% vs 2019
2021: €784k▲ +9.1% vs 2020
2022: €744k▼ -5.2% vs 2021
2023: €627k▼ -15.8% vs 2022lowest in 7 years
2024: €701k▲ +11.9% vs 2023
2025: €1.02M▲ +45.6% vs 2024highest in 7 years
2019 → 2025
Net result
€110k▼ 16.0%
2024 · €131k
2019: €64klowest in 7 years
2020: €96k▲ +50.0% vs 2019
2021: €240k▲ +151% vs 2020highest in 7 years
2022: €109k▼ -54.6% vs 2021
2023: €126k▲ +16.1% vs 2022
2024: €131k▲ +3.9% vs 2023
2025: €110k▼ -16.0% vs 2024
2019 → 2025
Working capital
€637k▲ 227%
2024 · €195k
2019: €204k
2020: €278k▲ +35.8% vs 2019
2021: €290k▲ +4.4% vs 2020
2022: €248k▼ -14.5% vs 2021
2023: €303k▲ +22.1% vs 2022
2024: €195k▼ -35.5% vs 2023lowest in 7 years
2025: €637k▲ +227% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€157k▲ 13.6%€229k▲ 45.3%€202k▼ 11.6%€263k▲ 29.8%
2021: €139klowest in 5 years
2022: €157k▲ +13.6% vs 2021
2023: €229k▲ +45.3% vs 2022
2024: €202k▼ -11.6% vs 2023
2025: €263k▲ +29.8% vs 2024highest in 5 years
Operating result€232k-€105k▼ 54.6%€99k▼ 5.7%€111k▲ 12.2%€60k▼ 46.1%
2021: €232khighest in 5 years
2022: €105k▼ -54.6% vs 2021
2023: €99k▼ -5.7% vs 2022
2024: €111k▲ +12.2% vs 2023
2025: €60k▼ -46.1% vs 2024lowest in 5 years
Net result€240k-€109k▼ 54.6%€126k▲ 16.1%€131k▲ 3.9%€110k▼ 16.0%
2021: €240khighest in 5 years
2022: €109k▼ -54.6% vs 2021lowest in 5 years
2023: €126k▲ +16.1% vs 2022
2024: €131k▲ +3.9% vs 2023
2025: €110k▼ -16.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€134k ▼ 10.4%
Current assets
€886k ▲ 60.7%
Equity and liabilities €1.02M
Equity
€263k ▲ 29.8%
Debt
€758k ▲ 51.9%
Debt's share of the balance-sheet total rises from 71.1% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▼
2024 · €152k
Cash flow
€151k▼
2024 · €172k
Current ratio
3.56▲
2024 · 1.55
Quick ratio
1.62▲
2024 · 0.90
Debt to equity
2.88▲
2024 · 2.46
ROE
42.0%▼
2024 · 64.9%
ROA
10.8%▼
2024 · 18.7%
Interest coverage
5.36▼
2024 · 9.28
Debt ≤ 1 year
€249k▼
2024 · €357k
Debt > 1 year
€1k▼
2024 · €9k
Income taxes
€22k▼
2024 · €34k
Staff costs
€136k▲
2024 · €119k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€701k€1.02M▲
Fixed assets21/28€149k€134k▼
Intangible fixed assets21€17k€3k▼
Tangible fixed assets22/27€132k€131k▼
Plant, machinery and equipment23€131k€131k▼
Furniture and vehicles24€1k-
Current assets29/58€552k€886k▲
Stocks and contracts in progress3€230k€483k▲
Stocks30/36€230k€483k▲
Amounts receivable within one year40/41€141k€109k▼
Trade receivables40€106k€80k▼
Other amounts receivable41€35k€30k▼
Cash at bank and in hand54/58€83k€122k▲
Deferred charges and accrued income490/1€98k€171k▲
Equity and liabilities
Total equity and liabilities10/49€701k€1.02M▲
Equity10/15€202k€263k▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€102k€163k▲
Amounts payable17/49€499k€758k▲
Amounts payable after more than one year17€9k€1k▼
Financial debts170/4€9k€1k▼
Amounts payable within one year42/48€357k€249k▼
Current portion of amounts payable after more than one year42€33k€13k▼
Trade debts44€143k€160k▲
Suppliers440/4€143k€160k▲
Taxes, remuneration and social security45€26k€26k▼
Taxes450/3€8k€5k▼
Remuneration and social security454/9€18k€21k▲
Other amounts payable47/48€155k€50k▼
Accrued charges and deferred income492/3€133k€507k▲
Income statement
Code20242025
Remuneration, social security and pensions62€119k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€272k€239k▼
Operating profit (loss)9901€111k€60k▼
Financial income75/76B€71k€91k▲
Recurring financial income75€71k€91k▲
Financial charges65/66B€16k€19k▲
Recurring financial charges65€16k€19k▲
Profit (loss) for the period before taxes9903€166k€132k▼
Income taxes67/77€34k€22k▼
Profit (loss) for the period9904€131k€110k▼
Profit (loss) for the period to be appropriated9905€131k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€257k€213k▼
Profit (loss) brought forward from the previous period14P€126k€102k▼
Transfer from equity791/2€3k-
Profit to be distributed694/7€158k€50k▼
Return on contributions (dividend)694€129k-
Directors or managers695€29k€50k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €111k | €118k | €122k | €119k | €136k | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €30k | €37k | €41k | €41k | ▼ 0.1% |
| Other operating charges640/8 | €4k | €4k | €5k | €1k | €1k | ▼ 0.4% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €384k | €257k | €263k | €272k | €239k | ▼ 12.3% |
| Operating profit (loss)9901 | €232k | €105k | €99k | €111k | €60k | ▼ 46.1% |
| Financial income75/76B | €70k | €57k | €69k | €71k | €91k | ▲ 28.3% |
| Recurring financial income75 | €70k | €57k | €69k | €71k | €91k | ▲ 28.3% |
| Financial charges65/66B | €19k | €16k | €18k | €16k | €19k | ▲ 14.7% |
| Recurring financial charges65 | €19k | €16k | €18k | €16k | €19k | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €282k | €147k | €151k | €166k | €132k | ▼ 20.3% |
| Income taxes67/77 | €43k | €38k | €25k | €34k | €22k | ▼ 36.9% |
| Profit (loss) for the period9904 | €240k | €109k | €126k | €131k | €110k | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €240k | €109k | €126k | €131k | €110k | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784k | €744k | €627k | €701k | €1.02M | ▲ 45.6% |
| Fixed assets21/28 | €78k | €112k | €103k | €149k | €134k | ▼ 10.4% |
| Intangible fixed assets21 | €60k | €45k | €31k | €17k | €3k | ▼ 82.3% |
| Tangible fixed assets22/27 | €18k | €67k | €72k | €132k | €131k | ▼ 1.0% |
| Plant, machinery and equipment23 | €16k | €37k | €56k | €131k | €131k | ▼ 0.1% |
| Furniture and vehicles24 | - | €29k | €15k | €1k | - | - |
| Other tangible fixed assets26 | €2k | €1k | €620 | - | - | - |
| Current assets29/58 | €706k | €631k | €524k | €552k | €886k | ▲ 60.7% |
| Stocks and contracts in progress3 | €222k | €325k | €205k | €230k | €483k | ▲ 110% |
| Stocks30/36 | €222k | €325k | €205k | €230k | €483k | ▲ 110% |
| Amounts receivable within one year40/41 | €187k | €175k | €120k | €141k | €109k | ▼ 22.7% |
| Trade receivables40 | €130k | €155k | €85k | €106k | €80k | ▼ 25.2% |
| Other amounts receivable41 | €58k | €20k | €35k | €35k | €30k | ▼ 15.1% |
| Cash at bank and in hand54/58 | €207k | €40k | €120k | €83k | €122k | ▲ 47.7% |
| Deferred charges and accrued income490/1 | €91k | €91k | €78k | €98k | €171k | ▲ 75.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784k | €744k | €627k | €701k | €1.02M | ▲ 45.6% |
| Equity10/15 | €139k | €157k | €229k | €202k | €263k | ▲ 29.8% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €3k | €3k | €3k | - | - | - |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | - | - | €3k | - | - | - |
| Profit (loss) carried forward14 | €35k | €54k | €126k | €102k | €163k | ▲ 59.0% |
| Amounts payable17/49 | €646k | €586k | €398k | €499k | €758k | ▲ 51.9% |
| Amounts payable after more than one year17 | €118k | €87k | €36k | €9k | €1k | ▼ 85.6% |
| Financial debts170/4 | €118k | €87k | €36k | €9k | €1k | ▼ 85.6% |
| Amounts payable within one year42/48 | €417k | €384k | €221k | €357k | €249k | ▼ 30.2% |
| Current portion of amounts payable after more than one year42 | €73k | €87k | €60k | €33k | €13k | ▼ 61.0% |
| Trade debts44 | €100k | €169k | €84k | €143k | €160k | ▲ 11.9% |
| Suppliers440/4 | €100k | €169k | €84k | €143k | €160k | ▲ 11.9% |
| Taxes, remuneration and social security45 | €39k | €38k | €22k | €26k | €26k | ▼ 0.8% |
| Taxes450/3 | €35k | €33k | €10k | €8k | €5k | ▼ 34.6% |
| Remuneration and social security454/9 | €4k | €5k | €13k | €18k | €21k | ▲ 13.7% |
| Other amounts payable47/48 | €205k | €90k | €55k | €155k | €50k | ▼ 67.7% |
| Accrued charges and deferred income492/3 | €112k | €116k | €140k | €133k | €507k | ▲ 282% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €240k | €109k | €126k | €131k | €110k | ▼ 16.0% |
| + Depreciation and write-downs630 | €35k | €30k | €37k | €41k | €41k | ▼ 0.1% |
| Operating cash flow (approximation) | €274k | €139k | €164k | €172k | €151k | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | €-64k | €-28k | €-87k | €-25k | ▲ 70.9% |
| Change in cash | - | €-167k | €80k | €-37k | €39k | ▲ 206% |
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.55 to 3.56; short-term debt falls from €357k to €249k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €229k ▲45.3%
5 profitable years in a row build equity to €229k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €157k ▲13.6%
4 profitable years in a row build equity to €157k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €240k ▲151%
Operating result €232k, net result €240k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated 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, Oudenaarde · 1 establishment unit since 2018
Ground area
796 m²
Building footprint
666 m²
Volume, LiDAR
3,814 m³
Parcel 45502A0491/00N000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOFIX
since 20182.274.552.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0491/00N000 | Flanders | 796 m² | 1 · 666 m² | 6.7 m · 2 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,069 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
Founded20-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.