Torfbrug
ActiveSummary
Torfbrug has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-3k. Equity is shrinking by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+6
Solvency46▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.29 in 2024; short-term debt: 78.6% and cash: 8.8% of total assets), and 78.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.4%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
49 d early
2023
26 d early
2022
49 d early
2021
18 d late
2020
4 d late
2019
14 d late
← 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, micro schema
Equity
€25k▼ 11.3%
2024 · €28k
2018: €58k
2019: €76k▲ +29.8% vs 2018highest in 8 years
2020: €75k▼ -1.2% vs 2019
2021: €73k▼ -2.6% vs 2020
2022: €50k▼ -31.9% vs 2021
2023: €34k▼ -31.0% vs 2022
2024: €28k▼ -18.3% vs 2023
2025: €25k▼ -11.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€116k▼ 6.0%
2024 · €124k
2018: €102k
2019: €80k▼ -21.6% vs 2018
2020: €80k▼ -0.7% vs 2019
2021: €75k▼ -6.2% vs 2020lowest in 8 years
2022: €183k▲ +145% vs 2021
2023: €190k▲ +3.8% vs 2022highest in 8 years
2024: €124k▼ -35.0% vs 2023
2025: €116k▼ -6.0% vs 2024
2018 → 2025
Net result
€-3k▲ 49.7%
2024 · €-6k
2018: €-3k
2019: €17k▲ +753% vs 2018highest in 8 years
2020: €-891▼ -105% vs 2019
2021: €-2k▼ -119% vs 2020
2022: €-23k▼ -1093% vs 2021lowest in 8 years
2023: €-15k▲ +34.0% vs 2022
2024: €-6k▲ +59.2% vs 2023
2025: €-3k▲ +49.7% vs 2024
2018 → 2025
Working capital
€25k▼ 11.3%
2024 · €28k
2018: €58k
2019: €76k▲ +29.8% vs 2018highest in 8 years
2020: €75k▼ -1.2% vs 2019
2021: €73k▼ -2.6% vs 2020
2022: €50k▼ -31.9% vs 2021
2023: €34k▼ -31.0% vs 2022
2024: €28k▼ -18.3% vs 2023
2025: €25k▼ -11.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€50k▼ 31.9%€34k▼ 31.0%€28k▼ 18.3%€25k▼ 11.3%
2021: €73khighest in 5 years
2022: €50k▼ -31.9% vs 2021
2023: €34k▼ -31.0% vs 2022
2024: €28k▼ -18.3% vs 2023
2025: €25k▼ -11.3% vs 2024lowest in 5 years
Operating result€-2k-€-21k▼ 1,236%€-14k▲ 32.9%€-6k▲ 60.6%€-3k▲ 54.0%
2021: €-2khighest in 5 years
2022: €-21k▼ -1236% vs 2021lowest in 5 years
2023: €-14k▲ +32.9% vs 2022
2024: €-6k▲ +60.6% vs 2023
2025: €-3k▲ +54.0% vs 2024
Net result€-2k-€-23k▼ 1,093%€-15k▲ 34.0%€-6k▲ 59.2%€-3k▲ 49.7%
2021: €-2khighest in 5 years
2022: €-23k▼ -1093% vs 2021lowest in 5 years
2023: €-15k▲ +34.0% vs 2022
2024: €-6k▲ +59.2% vs 2023
2025: €-3k▲ +49.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €116k
Equity
€25k ▼ 11.3%
Debt
€91k ▼ 4.4%
Debt's share of the balance-sheet total rises from 77.4% to 78.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.27▼
2024 · 1.29
Debt to equity
3.68▲
2024 · 3.42
ROE
-12.7%▲
2024 · -22.4%
ROA
-2.7%▲
2024 · -5.1%
Debt ≤ 1 year
€91k▼
2024 · €96k
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 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€116k▼
Current assets29/58€124k€116k▼
Amounts receivable within one year40/41€123k€106k▼
Trade receivables40€121k€13k▼
Other amounts receivable41€2k€93k▲
Cash at bank and in hand54/58€93€10k▲
Equity and liabilities
Total equity and liabilities10/49€124k€116k▼
Equity10/15€28k€25k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€8k€4k▼
Amounts payable17/49€96k€91k▼
Amounts payable within one year42/48€96k€91k▼
Financial debts43€662-
Credit institutions430/8€662-
Trade debts44€4k-
Suppliers440/4€4k-
Other amounts payable47/48€91k€91k▲
Income statement
Code20242025
Other operating charges640/8€164€907▲
Gross operating margin9900€-6k€-2k▲
Operating profit (loss)9901€-6k€-3k▲
Financial charges65/66B€606€544▼
Recurring financial charges65€606€544▼
Profit (loss) for the period before taxes9903€-6k€-3k▲
Profit (loss) for the period9904€-6k€-3k▲
Profit (loss) for the period to be appropriated9905€-6k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€4k▼
Profit (loss) brought forward from the previous period14P€14k€8k▼
The notes to these accounts (1 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 | - | €30k | - | - | - | - |
| Other operating charges640/8 | €839 | €450 | €109 | €164 | €907 | ▲ 453% |
| Gross operating margin9900 | €-766 | €9k | €-14k | €-6k | €-2k | ▲ 69.1% |
| Operating profit (loss)9901 | €-2k | €-21k | €-14k | €-6k | €-3k | ▲ 54.0% |
| Financial charges65/66B | €332 | €2k | €995 | €606 | €544 | ▼ 10.2% |
| Recurring financial charges65 | €332 | €2k | €995 | €606 | €544 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €-23k | €-15k | €-6k | €-3k | ▲ 49.7% |
| Income taxes67/77 | €14 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-2k | €-23k | €-15k | €-6k | €-3k | ▲ 49.7% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-23k | €-15k | €-6k | €-3k | ▲ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75k | €183k | €190k | €124k | €116k | ▼ 6.0% |
| Current assets29/58 | €75k | €183k | €190k | €124k | €116k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €73k | €172k | €184k | €123k | €106k | ▼ 14.2% |
| Trade receivables40 | - | €172k | €184k | €121k | €13k | ▼ 89.0% |
| Other amounts receivable41 | €73k | - | - | €2k | €93k | ▲ 4,292% |
| Cash at bank and in hand54/58 | €1k | €11k | €6k | €93 | €10k | ▲ 10,930% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75k | €183k | €190k | €124k | €116k | ▼ 6.0% |
| Equity10/15 | €73k | €50k | €34k | €28k | €25k | ▼ 11.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €52k | €29k | €14k | €8k | €4k | ▼ 42.0% |
| Amounts payable17/49 | €2k | €133k | €156k | €96k | €91k | ▼ 4.4% |
| Amounts payable within one year42/48 | €2k | €133k | €156k | €96k | €91k | ▼ 4.4% |
| Financial debts43 | - | - | - | €662 | - | - |
| Credit institutions430/8 | - | - | - | €662 | - | - |
| Trade debts44 | €2k | €457 | - | €4k | - | - |
| Suppliers440/4 | €2k | €457 | - | €4k | - | - |
| Taxes, remuneration and social security45 | - | €17k | - | - | - | - |
| Taxes450/3 | - | €17k | - | - | - | - |
| Other amounts payable47/48 | - | €116k | €156k | €91k | €91k | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-23k | €-15k | €-6k | €-3k | ▲ 49.7% |
| Operating cash flow (approximation) | €-2k | €-23k | €-15k | €-6k | €-3k | ▲ 49.7% |
| Change in cash | - | €9k | €-5k | €-6k | €10k | ▲ 270% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 42.98
Current ratio from 16.74 to 42.98; short-term debt falls from €5k to €2k.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 18.24
Current ratio from 2.33 to 18.24; short-term debt falls from €44k to €4k.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
17-07
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2021
Ground area
257 m²
Building footprint
186 m²
Volume, LiDAR
2,122 m³
2 parcels, Flanders · tallest building 15.7 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
L'Historique
since 20212.321.486.251
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3613/00N003 | Flanders | 178 m² | 1 · 116 m² | 15.7 m · 5 fl. |
| 11002A1326/00_000 | Flanders | 79 m² | 1 · 70 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
ELITE FRESH TRADE
BE 1004.674.530
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TKL FRUITS
BE 0783.705.362
Brussel · Eq €25,376
EXCELLENT FRUIT
BE 0539.829.546
Brussel · Eq €23,859
Les Vergers d'Aineffe
BE 0884.806.482
Gingelom · Eq €23,369
SENPIC DIRECT FRUIT & TRADE
BE 0707.812.364
Rotselaar · Eq €26,518
Of 958 companies in sector 46319 we hold annual accounts for 610. 236 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
Founded21-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
Scores and ratios are computed by Checked and are not a credit decision.