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TORFS ENGINEERING

Active Private limited companyfounded 2003active for 23 yearsBosstraat 46, 2861 Sint-Katelijne-WaverKBO/BCE: BE 0479.770.809 subsidiary of SPRENGERS - TORFS

Overview

Lifetime

20 annual accounts with figures on one time axis, 22 filings since 2004
Gross marginpeak €426,843 (2024)
-€5,473▼ €432,316
Resultlowest -€71,199 (2009)
€28,580▼ 0.6%
Equitypeak €253,142 (2007)
€219,137▲ 15.0%
Debts
€93,158▼ 51.1%
Staffpeak 5.9 FTE (2024)
-not published
Board3 names since 2003
3 directorsTORFS Jan Elizabet and 2 others
Owners
100%SPRENGERS - TORFS
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Gross margin from €426,843 to -€5,473Equity from €190,557 to €219,137Debts from €190,324 to €93,158Cash from €379 to €67

Key points

from the 2025 annual accounts

Equity

€219,137 ▲ 15.0%

TORFS ENGINEERING has made a profit without a break since 2021.

Filings

22 annual accounts since 2004
AprilJune31 JulyOctober20102020

The 2019 accounts came 28 days late. The other nine of the last ten were filed on time.

Board

1 left

A director left. Latest change 09-09-2026 · 2 in office.

Turnover not published (abbreviated format)

Checked score

86
Excellent
Financially stronger than 49% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%▼ -0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.5%▼ -0.1 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.4%▼ -0.1 percentage points vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Strong

Solvency
95+20equity 70.2% of total assets
Liquidity
38-1short-term debt 29.8% · cash 0.0%
Profitability
80+52return on assets 9.2%

Score breakdown

raises risk
Liquidity: current ratio 1.01, cash €67, halved
lowers risk
Size: total assets €312,294
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Founded in 2003
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 69% of them on solvency, 18% on liquidity, 49% on profitability and 62% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.01 (1.49 in 2024), below the usual 1.5. Short-term debt is 29.8% and cash 0% of total assets. 29.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.01, cash €67, halved
NBB · annual accounts
lowers risk · Size: total assets €312,294
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €219,137
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
28 days early
2023
15 days early
2022
31 days early
2021
18 days early
2020
19 days early
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

ST
Director, SPRENGERS Koen Pascale
  • SPRENGERS - TORFS 100%equity €140,185 (2025) · 2025 annual accounts of SPRENGERS - TORFS

Shares in 1 company, Metaalconstructie Léon TORFS

Board & ownership

Recent changes

Resignation: Jan Torfs (director) General meeting of 05-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0479770809
Registered office moved from Bonheiden to Sint-Katelijne-Waver New registered office: Bosstraat 46, 2861 Sint-Katelijne-Waver (Onze-Lieve-Vrouw-Waver) · Previous registered office: Brouwersdreef 4, 2820 Bonheiden · Resignations: SPRENGERS - TORFS, TORFS Jan Elizabet and VERVAECK Viviane Jean Thérèse · General meeting of 22-12-2023 · Gazette deed
First establishment Engineering tekenbureau, Bosstraat 46, Sint-Katelijne-Waver
All 33 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
TORFS ENGINEERING Sint-Katelijne-Waver €312,294 -€5,473 70.2% -
COURANT ALTERNATIF ENGINEERING Seraing €298,691 -€8,995 41.8% -
GLOBAL CARE-ION I Anderlecht €288,440 -€71,055 98.5% -
D.H.ENGINEERING Ixelles €286,941 -€3,970 44.6% -
MAXAN ENGINEERING & ARCHITECTS Antwerp €264,347 -€48,489 9.2% -
FELIN AUTOMATION Rumst €272,977 -€3,426 52.4% -
WELDIT Herentals €259,997 €86 67.9% -

These companies have the same main activity as TORFS ENGINEERING: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €260,000 and €299,000, founded between 1998 and 2007.

Official details

Source: KBO
Status
Active since 14-03-2003Normal situation
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
Joint committee
209White-collar workers in metal manufacturing · annual accounts 2024
Establishment unit
2.232.557.6412861 Sint-Katelijne-Waver, since 13-05-2003
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Annual accounts 2025

Gross margin
-€5,473
Profit
€28,580▼ 0.6%
Equity
€219,137▲ 15.0%
Total assets
€312,294▼ 18.0%
Filing
Filed on 20-07-2026, 11 days before the end of the filing period
Financials

Insights on TORFS ENGINEERING

TORFS ENGINEERING files the abbreviated format. That format states no turnover. The gross margin fell from €383,937 in 2006 to -€5,473 in 2025.

SPRENGERS - TORFS holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 20-07-2026, 11 days before the deadline
Gross margin
-€5,473
▼ €432,316
Operating result
€32,476
▲ €63,632
EBITDA
€32,476
▲ €62,339
Cash flow
€28,580
▼ 4.9%
Solvency
70.2%
▲ 20.1 percentage points
Current ratio
1.01
▼ 0.48

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Money flows

no detail for 2025

Balance sheet

balance sheet total €312,294 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency70.2%

Higher than 75% of 2,559 companies in 2025.

Current ratio1.01

Higher than 23% of 2,516 companies in 2025.

Return on assets9.2%

Higher than 58% of 2,537 companies in 2025.

TORFS ENGINEERING Middle half of the sector 80% of the sector Abbreviated accounts in architecture and engineering (NACE 71)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 312,294380,881409,833428,849411,818320,162855,5411.9m1.9m1.9m1.9m1.8m1.9m2.0m1.3m1.3m1.2m1.4m1.4m1.4m
Formation expenses20 -------0--0---------
Fixed assets21/28 218,088218,992159,493160,767167,196171,731851,1871.8m1.8m1.8m1.9m1.8m1.8m1.9m1.2m1.2m1.2m1.2m1.2m1.2m
Intangible fixed assets21 -------0--0---------
Tangible fixed assets22/27 09042,1973,4719,90014,43621,91111,53722,30634,20740,00511,20622,41238,27667,33332,80321,98643,17118,60436,383
Land and buildings22 -------0--0---------
Plant, machinery and equipment23 -------0--0---------
Furniture and vehicles24 09042,1973,4719,90014,43621,91111,53722,30634,20740,0053436875,68923,88332,80321,98637,0782,1189,504
Other tangible fixed assets26 -------0--0---------
Assets under construction and advance payments27 -------0--0---------
Financial fixed assets28 218,088218,088157,295157,295157,295157,295829,2761.8m1.8m1.8m1.8m1.8m1.8m1.8m1.1m1.1m1.1m1.1m1.1m1.1m
Current assets29/58 94,206161,888250,340268,082244,623148,4314,35477,52827,10811,5487,5308,65682,206150,819115,132109,25430,946203,970223,898220,742
Amounts receivable after more than one year29 74,82975,429135,429137,929135,429126,739-0------------
Trade receivables290 ---137,929135,429126,739-0--0---------
Other amounts receivable291 74,82975,429135,429----0--0---------
Stocks and contracts in progress3 -------0--0-------4,950-
Stocks30/36 -------0--0---------
Contracts in progress37 -------0--0-------4,950-
Amounts receivable within one year40/41 19,31182,299110,000120,059108,04517,748075,00025,9536,000-7,00076,000141,813113,00385,6187,737160,397215,782213,177
Trade receivables40 082,295110,000120,000107,80717,748075,00025,9536,00007,00076,000108,500113,00085,615-143,830212,534205,101
Other amounts receivable41 19,3114059239--0--0--33,313337,73716,5673,2488,076
Current investments50/53 -------0--0---------
Cash at bank and in hand54/58 673796795,1583563,41198364563,3446,0733682,1638,511-23,23722,16042,563155,041
Deferred charges and accrued income490/1 03,7814,2324,9367925344,2562,1641,0992,2041,4561,2884,0434952,1293991,0501,0103,1512,524
Balance sheet: equity and liabilities
Total equity and liabilities10/49 312,294380,881409,833428,849411,818320,162855,5411.9m1.9m1.9m1.9m1.8m1.9m2.0m1.3m1.3m1.2m1.4m1.4m1.4m
Equity10/15 219,137190,557161,805161,663161,551161,110230,193197,700195,747193,961190,104186,084180,629182,896186,873180,611134,512205,711253,142253,080
Contributions10/11 208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600
Issued capital100 ------208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600208,600
Uncalled capital101 -------0--0---------
Contributions outside capital11 -------0--0---------
Share premium1100/10 -------0--0---------
Revaluation surpluses12 -------0--0---------
Reserves13 1,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,973
Non-distributable reserves130/1 --01,9761,9761,976-0------------
Legal reserve130 ------1,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,9761,973
Reserves not available under the articles1311 ---1,9761,9761,976--------------
Own shares acquired1312 -------0--0---------
Other1319 --0----0--0---------
Tax-exempt reserves132 -------0--0---------
Distributable reserves133 1,9761,9761,976----0--0---------
Profit (loss) carried forward14 8,561-20,019-48,771-48,913-49,025-49,46619,617-12,877-14,829-16,615-20,472-24,492-29,947-27,680-23,704-29,965-76,064-4,86542,56642,507
Investment grants15 -------0--0---------
Advance to shareholders on the distribution of net assets19 -------0------------
Provisions and deferred taxes16 -------0------------
Provisions for liabilities and charges160/5 -------0--0---------
Pensions and similar obligations160 -------0------------
Taxes161 -------0------------
Major repairs and maintenance162 -------0------------
Environmental obligations163 -------0------------
Other liabilities and charges164/5 -------0------------
Deferred taxes168 -------0--0---------
Amounts payable17/49 93,158190,324248,028267,186250,267159,053625,3481.7m1.7m1.7m1.7m1.6m1.7m1.8m1.1m1.1m1.1m1.2m1.1m1.1m
Amounts payable after more than one year17 081,804100,000202,306168,976107,349513,6451.3m1.4m1.3m1.2m1.5m1.6m1.7m968,4951.0m1.0m1.0m1.0m1.0m
Financial debts170/4 -----0180,000201,210242,716283,034142,196364,224412,807459,851217,463262,817250,000250,000256,262266,825
Trade debts175 -------0--0---------
Advances received on contracts in progress176 -------0--0---------
Other amounts payable178/9 081,804100,000202,306168,976107,349333,6451.1m1.2m1.0m1.1m1.1m1.2m1.2m751,032777,756757,097795,789791,266774,422
Amounts payable within one year42/48 93,158108,520148,02864,88081,29151,70491,300321,116204,422330,282448,984161,332129,590148,728170,67264,44854,898139,21585,406102,924
Current portion of amounts payable after more than one year42 -----021,27341,50640,31739,16245,14851,61347,04448,41621,24819,779-77,54710,56310,176
Financial debts43 -----04,4343,441--180,0003,312-296975---2,748-
Credit institutions430/8 -----04,4343,441--03,312-296975---2,748-
Other loans439 -------0--180,000---------
Trade debts44 89,81653,28430,80814,80439,20127,90137,12933,29126,39236,25663,40057,96921,58027,83038,4359823,66038,46947,78926,417
Suppliers440/4 89,81653,28430,80814,80439,20127,90137,12933,29126,39236,25663,40057,96921,58027,83038,4359823,66038,46947,78926,417
Bills of exchange payable441 -------0--0---------
Advances received on contracts in progress46 -----01,0000--0---------
Taxes, remuneration and social security45 3,34254,32068,44244,29737,20422,28827,46339,66937,52336,11933,07435,76027,65042,91615,25329,9444,88810,02411,13266,330
Taxes450/3 3,34225013,5405,9691,8463,9884,2018,6334,8005,90010,2597,9893,00022,1841,81513,0524,86710,02410,13337,711
Remuneration and social security454/9 054,07054,90238,32835,35918,30023,26231,03632,72330,21922,81627,77124,65020,73113,43816,89220-99928,620
Other amounts payable47/48 091548,7785,7784,8851,5150203,208100,189218,745127,36212,67733,31629,27094,76114,62826,35013,17513,175-
Accrued charges and deferred income492/3 -----020,40436,58428,79727,41022,26421,19520,5843,600-----3,449
Income statement
Turnover70 ----------0361,000--------
Non-recurring operating income76A ----------0---------
Gross operating margin9900 -5,473426,843395,165342,609302,556243,705262,182338,350325,491300,761274,798284,995320,226246,300190,403363,947343,057379,017358,865383,937
Goods, raw materials, services and sundry goods60/61 ----------086,180--------
Remuneration, social security and pensions62 -39,783449,720385,152328,994291,489216,262222,428282,591277,145249,074212,744232,291211,682179,483133,277271,653374,051384,997317,803339,688
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 01,2933,7876,4297,1117,47614,06410,76811,90211,90121,20711,20616,89429,62735,70828,98221,18520,76317,77929,580
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -------0--0---------
Provisions for liabilities and charges: additions (uses and reversals)635/8 -------0--0---------
Other operating charges640/8 1,8346,9863,2078491,8829681,1759649621,6183,8892,1312,1144,8761,8459961,6562,0442,1042,200
Operating charges capitalised as restructuring costs649 -------0--0---------
Non-recurring operating charges66A ----076,980986,2790--0-57,529-------
Operating profit (loss)9901 32,476-31,1563,0176,3382,074-57,98124,51444,02635,48238,16836,95839,36789,53632,31319,57362,317-53,835-28,78721,17912,468
Financial income75/76B 061,229283-015,0001.0m0210141501,3741.2m4122-194--
Recurring financial income75 061,229283-015,0001.0m0210141501,3741.2m4122-194--
Non-recurring financial income76B -------0------------
Financial charges65/66B 804859811,75713524,4081.0m36,47729,46129,25428,69429,07235,5711.2m13,34716,24017,67418,83817,3653,834
Recurring financial charges65 804859811,75713524,40827,84036,47729,46129,25428,69429,07235,5711.2m13,34716,24017,67418,83817,3653,834
Non-recurring financial charges66B -----0986,2790------------
Profit (loss) for the period before taxes9903 31,67229,2143,2194,5811,939-67,38934,9877,5496,0248,9248,27810,444-2,19014,9196,26746,099-71,509-47,4313,8148,635
Income taxes67/77 3,0924623,0774,4691,4981,6942,4945,5974,2385,0664,2594,9897718,8956--310-3,7526,375
Profit (loss) for the period9904 28,58028,752142112441-69,08332,4931,9531,7863,8574,0205,456-2,268-3,9766,26246,099-71,199-47,431622,260
Transfer from tax-exempt reserves789 -------0--0---------
Transfer to tax-exempt reserves689 -------0--0---------
Profit (loss) for the period to be appropriated9905 28,58028,752142112441-69,08332,4931,9531,7863,8574,0205,456-2,268-3,9766,26246,099-71,199-47,431622,260
Appropriation of the result
Profit (loss) to be appropriated9906 8,561-20,019-48,771-48,913-49,025-49,46619,617-12,877-14,829-16,615-20,472-24,492-29,947-27,680-23,704-29,965-76,064-4,86542,56942,620
Profit (loss) brought forward from the previous period14P -20,019-48,771-48,913-49,025-49,466---------------
Transfer from equity791/2 -------0--0---------
Transfer to equity691/2 -------0----------3113
Addition to contributions691 -------0--0---------
To the legal reserve6920 -------0--0-------3113
To other reserves6921 -------0--0---------
Profit to be distributed694/7 -------0------------
Return on contributions (dividend)694 -------0--0---------
Directors or managers695 -------0--0---------
Employees696 -------0------------
Social balance sheet
Average staff (FTE)9087 -5.95.34.94.53.64.24.44.23.93.343.432.32.54.74.84.85
Hours worked1013 -10,6359,0638,2437,6345,9506,1637,1717,3286,8935,7236,6125,9965,2444,0204,1687,8588,1948,3668,698
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The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 20-07-2026 2026-00330045 PDF
31-12-2024 abbreviated format 03-07-2025 2025-00231517 PDF
31-12-2023 abbreviated format 16-07-2024 2024-00248546 PDF
31-12-2022 abbreviated format 30-06-2023 2023-00200390 PDF
31-12-2021 abbreviated format 13-07-2022 2022-20195696 PDF
31-12-2020 abbreviated format 12-07-2021 2021-36400315 PDF
31-12-2019 abbreviated format 28-08-2020 2020-45700361 PDF
31-12-2018 abbreviated format 29-07-2019 2019-38800271 PDF
31-12-2017 abbreviated format 28-06-2018 2018-23700167 PDF
31-12-2016 abbreviated format 06-07-2017 2017-27200536 PDF
31-12-2015 abbreviated format 25-07-2016 2016-34300563 PDF
31-12-2014 abbreviated format 12-06-2015 2015-16500334 PDF
31-12-2013 abbreviated format 22-08-2014 2014-44500106 PDF
31-12-2012 abbreviated format 27-06-2013 2013-21800395 PDF
31-12-2011 abbreviated format 31-07-2012 2012-35600240 PDF
31-12-2010 abbreviated format 06-07-2011 2011-25700059 PDF
31-12-2009 abbreviated format 13-08-2010 2010-40400563 PDF
31-12-2008 abbreviated format 21-08-2009 2009-60400269 PDF
31-12-2007 abbreviated format 23-06-2008 2008-29300106 PDF
31-12-2006 abbreviated format 15-06-2007 2007-23500336 PDF
31-12-2005 abbreviated format 10-07-2006 2006-42802185 PDF
31-12-2004 abbreviated format 17-06-2005 2005-28100460 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
EBITDA 32,476-29,8636,80512,7679,186-50,50538,57854,79547,38450,06858,16550,573106,43061,94055,28191,299-32,650-8,02438,95842,049
Cash flow 28,58030,0453,9306,5407,553-61,60746,55712,72113,68815,75825,22716,66214,62725,65141,97075,080-50,014-26,66817,84131,840
Investment in fixed assets (approximation) -90460,7932,51302,576024,438006,10350,00601,0302.1m70,23839,79991945,32901,766
Change in cash -313-300-4,4784,802-3,0553,313-266308-3,288-2,7295,705-1,795-6,348--1,077-20,40342,548-5,026-
Working capital 1,04953,368102,312203,202163,33296,728-86,945-243,589-177,314-318,734-441,454-152,676-47,3832,091-55,54044,806-23,95164,755138,492117,818
EBIT margin -----------10.9%--------
Solvency 70.2%50.0%39.5%37.7%39.2%50.3%26.9%10.4%10.5%10.4%10.2%10.1%9.4%9.1%14.1%14.0%11.2%14.8%18.3%18.1%
Current ratio 1.011.491.694.133.012.870.050.240.130.030.020.050.631.010.671.700.561.472.622.14
Quick ratio 1.011.491.694.133.012.870.050.240.130.030.020.050.631.010.671.700.561.472.562.14
Debt to equity 0.431.001.531.651.550.992.728.638.538.608.808.869.639.966.106.127.905.764.484.53
ROE 13.0%15.1%0.1%0.1%0.3%-42.9%14.1%1.0%0.9%2.0%2.1%2.9%-1.3%-2.2%3.4%25.5%-52.9%-23.1%0.0%0.9%
ROA 9.2%7.5%0.0%0.0%0.1%-21.6%3.8%0.1%0.1%0.2%0.2%0.3%-0.1%-0.2%0.5%3.6%-6.0%-3.4%0.0%0.2%
Interest coverage 40.38-34.7583.737.2767.87---------------
Customer credit -----------7 days--------
Supplier credit -----------246 days--------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date5756
full-time5544
part-time0212
in full-time equivalents56.54.95.1
Average over the year, in full-time equivalents5.95.34.94.5
On a permanent contract5756
Joined1402
Left3210

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€2,513-€2,576
Depreciation and write-downs of the year€0€1,293€3,787€6,429€7,111

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TORFS ENGINEERING

The operating result for 2025 is a profit of €32,476, after a loss of €31,156 in 2024. It is the highest result since 2018.

Debt's share of the balance-sheet total falls from 50.0% to 29.8%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in September 2026
Director (not named in the articles), permanent representative SPRENGERS Koen Pascale
in office according to the deed of 08-01-2024 term without a fixed end
earlier manager, until 08-01-2024
listed in the 2025 annual accounts, filed on 20-07-2026
Director (not named in the articles)
in office according to the deed of 08-01-2024 term without a fixed end
earlier manager, until 08-01-2024
listed in the 2025 annual accounts, filed on 20-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 08-01-2024
Permanent representatives 1
SPRENGERS Koen Pascale
Permanent representative, for SPRENGERS - TORFS
in office according to the deed of 08-01-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
VERVAECK Viviane Jean Thérèse
Director (not named in the articles)
SPRENGERS - TORFS
Director (not named in the articles)
TORFS Jan Elizabet
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • VERVAECK Viviane Jean Thérèse
    • Director (not named in the articles), from 14-03-2003 to date
    • Manager, until 08-01-2024
  • SPRENGERS - TORFS
    • Director (not named in the articles), from 01-01-2019 to date
    • Manager, until 08-01-2024
  • TORFS Jan Elizabet
    • Director (not named in the articles), from 06-03-2003 to 09-09-2026
    • Manager, until 08-01-2024

See the board, name and registered office on a given date →

Control

Parent
Equity €140,185
Profit €25,008 in 2025 (profit €28,669 in 2024)
100%
This company
TORFS ENGINEERING
Equity €219,137
Profit €28,580 in 2025

Capital

Contribution
€208,600
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 08-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Share issue ruleThe articles set how and by whom new shares are issued.
“Ten minste vijftien dagen te rekenen van dag openstelling inschrijving, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyTORFS ENGINEERING1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Parent

SPRENGERS - TORFS
0715.489.222 · 100% of the shares · equity €140,185 · profit €25,008 (2025)

At the same address

Bosstraat 46, 2861 Sint-Katelijne-Waver · 2 other companies
Metaalconstructie Léon TORFS
registered office since 01-10-1976 · founded in 1976
11 FTE (2025)
0416.441.982
TORFS GROEP
registered office since 01-04-2011
founded in 2011
0834.408.351

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2006 to 2025
Holdings through the years
Name20062007200820092010201120122013201420152016201720182019202020212022202320242025
Metaalconstructie Léon TORFS 93.6%65.55%
TORFSMANAGEMENT & INVESTMENT 100%99.91%

Source: list of holdings in its own accounts

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
TORFSMANAGEMENT & INVESTMENT
via TORFS Jan Elizabet · Sole director (not named in the articles) · deed of 25-10-2023
Founded in 1991 · total assets €181,614 (2025)
→

Timeline

Timeline

33 events since 2003

Deadline for the 2026 accounts: 31-07-2027

2026
Resignation: Jan Torfs (director)General meeting of 05-06-20263 points ▸
  • General meeting, 05-06-2026
  • Director resignation, Jan Torfs
  • Power of attorney, Acco Mechelen BV

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBabbreviated format · 11 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0479770809
2025
Annual accounts 2024 filed PDFabbreviated format · 28 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 15 days before the deadline
Registered office moved from Bonheiden to Sint-Katelijne-WaverNew registered office: Bosstraat 46, 2861 Sint-Katelijne-Waver (Onze-Lieve-Vrouw-Waver) · Previous registered office: Brouwersdreef 4, 2820 Bonheiden · Resignations: SPRENGERS - TORFS, TORFS Jan Elizabet and VERVAECK Viviane Jean Thérèse · General meeting of 22-12-202310 points ▸
  • General meeting, 22-12-2023
  • Registered-office move, Bosstraat 46, 2861 Sint-Katelijne-Waver (Onze-Lieve-Vrouw-Waver)
  • Director resignation, SPRENGERS - TORFS (manager)
  • Director resignation, TORFS Jan Elizabet (manager)
  • Director resignation, VERVAECK Viviane Jean Thérèse (manager)
  • Director reappointment, SPRENGERS - TORFS (director (not named in the articles))
  • Director reappointment, TORFS Jan Elizabet (director (not named in the articles))
  • Director reappointment, VERVAECK Viviane Jean Thérèse (director (not named in the articles))
  • Permanent representative, SPRENGERS Koen Pascale
  • Power of attorney, Adrienne Spaepen
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFabbreviated format · 31 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 18 days before the deadline
2021
Back to profit net €441 The net result is €441, after one loss-making year.
Annual accounts 2020 filed PDFabbreviated format · 19 days before the deadline
2020
Liquidity more than 60 times current ratio 2.87 The current ratio rises from 0.05 to 2.87. Short-term debt falls from €91,300 to €51,704.
Annual accounts 2019 filed PDFabbreviated format · 28 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 2 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 33 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 25 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 6 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 49 days before the deadline
2014
Back to profit net €5,456 The net result is €5,456, after 2 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · 22 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 34 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · on the deadline day
2011
Annual accounts 2010 filed PDFabbreviated format · 25 days before the deadline
2010
Back to profit net €46,099 The net result is €46,099, after 2 loss-making years.
Liquidity triples current ratio 1.70 The current ratio rises from 0.56 to 1.70.
Annual accounts 2009 filed PDFabbreviated format · 13 days late
2009
Weakest financial year net -€71,199 The net result drops to -€71,199, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 21 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 38 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 46 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2003
First establishment Engineering tekenbureau, Bosstraat 46, Sint-Katelijne-Waver
Incorporation PDFpublished on 24-03-2003

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

TORFS ENGINEERING was incorporated on 14 March 2003.1 The registered office was moved to Sint-Katelijne-Waver in 2024.2 Total assets fell from €1.9m in 2018 to €312,294 in 2025 and headcount from 4.4 full-time equivalents in 2018 to 5.9 in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-01-2024
  3. 3National Bank, annual accounts 2018, 2024 and 2025

Company details

Identity

Enterprise number
0479.770.809
VAT number
BE 0479.770.809
Peppol ID
0208:0479770809
Legal form
Private limited company
Status
Active, normal situation
Founded
14-03-2003
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 08-01-2024 (in Dutch)
Peppol
Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
TORFS ENGINEERING in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2024 (in Dutch)

Activities

NACEBEL 2025
71121 Engineering and related technical consultancy, excluding land surveyors main activity
25110 Manufacture of metal structures and parts of structures
71209 Other technical testing and analysis
Joint committees annual accounts 2024
JC 209 White-collar workers in metal manufacturing
Codes under NACEBEL 2008
71121 Engineering activities main activity
25110 Manufacture of metal structures and parts of structures
71209 Other technical testing and analysis
Codes under NACEBEL 2003
74203 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verrichten van technische studiën en ingenieursactiviteiten; De uitwerking en de realisatie van projecten op het gebied van…”
21 activities
  1. Het verrichten van technische studiën en ingenieursactiviteiten.
  2. De uitwerking en de realisatie van projecten op het gebied van elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigen,industriële systeemontwikkeling,veiling,enzovoort.
  3. Het uitvoeren van technische testen en analyses.
  4. Het vervaardigen van metalen constructiewerken.
  5. Het uitoefenen van alle activiteiten inzake algemene metaalbewerking.
  6. Het vervaardigen van producten van metaal.
  7. Het vervaardigen van machines voor algemeen gebruik.
  8. Het vervaardigen van machines voor de productie van voedings- en genotsmiddelen.
  9. De realisatie van programma’s en gebruiksklare systemen.
  10. Het deelnemen,aanhouden,oprichten,uitgeven,financieren,verhandelen en beheren van participaties en deelnemingen,aandelen,winstbewijzen,effecten,obligaties of andere in binnen- of buitenlandse ondernemingen,en dit zonder enige beperking en in de ruimste zin van het woord,doch met uitzondering van alle door de Commissie van Bank- en Financiewezen gereglementeerde activiteiten en rekening houdende met de beperkingen opgenomen in de vennootschapswetgeving.
  11. Het verlenen van en instaan voor goederen en diensten zoals infrastructuur,investeringen,secretariaat,callcenter,dispatching,administratie,bestuur,management,grond- en hulpstoffen,handelsgoederen,financiering,marketing,voorraadbeheer,roerende goederen,onroerende goederen en logistieke functies aan zichzelf en andere binnen- en buitenlandse vennootschappen,en dit in de ruimste betekenis.
  12. De uitoefening va managementactiviteiten van holdings.
  13. Patrimoniumvennootschap en het beheer van onroerende goederen.
  14. Optreden als tussenpersoon in de handel.
  15. De verhuring van divers materiaal.
  16. Publiciteitsonderneming.
  17. De vennootschap mag zich borg stellen of aval verlenen,voorschotten,kredieten of borgen afleveren,onder alle vormen inbegrepen hypothecair,voor verbintenissen van derden,natuurlijke en rechtspersonen,al dan niet aandeelhouders en bestuurders,met uitzondering van deze welke een inbreuk op de geldende wetgeving inhouden.
  18. De vennootschap kan optreden als bestuurder of vereffenaar van vennootschappen.
  19. Adviesbureau op het gebied van bedrijfsvoering en beheer.
  20. De vennootschap mag deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven,ook aanverwant,of die verwezenlijking van het voorwerp vergemakkelijken.
  21. In de algemene regel mag de vennootschap alle daden stellen van zowel burgerlijke als commerciële,roerende,onroerende,industriële of financiële aard,welke rechtstreeks of onrechtstreeks,geheel of gedeeltelijk,in verband staan met het voorwerp.
deed of 08-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Engineering tekenbureau registered office Bosstraat 46, 2861 Sint-Katelijne-Waver 7120901 Other technical testing and analysis 13-05-2003 2.232.557.641
1 former office
  • 2820 Bonheiden until the deed of 08-01-2024

Buildings and parcels at the address

Ground area
823 m²
Buildings
202 m²
Volume, LiDAR
798 m³
Tallest building
6.2 m
Buildings to scale, each on its own parcel
202 m², 6.2 m 202 m², 6.2 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
12027B0494/00T000823 m² 1 · 202 m² 6.2 m · 1