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TORFS L.

Active
Public limited companyfounded 194877 yrs activeAfschrijverslaan 2, 9140 Temse, BelgiumKBO/BCE: BE 0404.054.092
Summary

The computed 12-month bankruptcy probability of TORFS L. is 2.2% (moderate). The 2025 annual accounts show equity of €36.7m and a net result of €9.9m. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 69% of 4235 sector peers (fiscal year 2025). The company has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+6
Solvency79▼-1
Growth65▼-1
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.85 in 2024; short-term debt: 42.8% and cash: 1.4% of total assets), and 46% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 77 years 0 80 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
54%
Return on assets
14.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
4 d late
2023
15 d early
2022
21 d early
2021
25 d early
2020
16 d early
2019
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 October 1948, TORFS L. was incorporated.1 Revenue went from EUR 146 million in 2018 to EUR 173 million in 2025 and headcount from 532 to 522 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€172.5m▲ 1.1%
2024 · €170.6m
EBIT margin
6.3%▲ 2.4pp
2024 · 3.9%
Net result
€9.9m▲ 50.2%
2024 · €6.6m
Working capital
€20.3m▼ 9.1%
2024 · €22.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€144.6m▲ 17.9%€156.3m▲ 8.1%€164.0m▲ 4.9%€170.6m▲ 4.0%€172.5m▲ 1.1%
Operating result€4.1m€5.7m▲ 40.0%€4.0m▼ 30.1%€6.6m▲ 65.4%€10.9m▲ 64.5%
Net result€4.6mabove the sector's middle half▲ 4,844%€5.8mabove the sector's middle half▲ 25.7%€4.5mabove the sector's middle half▼ 21.4%€6.6mabove the sector's middle half▲ 45.5%€9.9mabove the sector's middle half▲ 50.2%
EBIT margin2.8%▲ 3.8pp3.7%▲ 0.8pp2.4%▼ 1.2pp3.9%▲ 1.4pp6.3%▲ 2.4pp
Equity€29.3mabove the sector's middle half▼ 10.7%€33.2mabove the sector's middle half▲ 13.3%€36.0mabove the sector's middle half▲ 8.5%€36.2mabove the sector's middle half▲ 0.5%€36.7mabove the sector's middle half▲ 1.5%
Total assets€58.4mabove the sector's middle half▲ 7.9%€66.4mabove the sector's middle half▲ 13.6%€61.4mabove the sector's middle half▼ 7.4%€65.6mabove the sector's middle half▲ 6.7%€68.0mabove the sector's middle half▲ 3.7%
Debt€27.6m▲ 37.2%€31.6m▲ 14.8%€23.8m▼ 24.6%€27.6m▲ 15.8%€29.6m▲ 7.2%
Working capital€12.3mabove the sector's middle half▼ 9.5%€16.1mabove the sector's middle half▲ 30.2%€18.0mabove the sector's middle half▲ 12.4%€22.4mabove the sector's middle half▲ 24.0%€20.3mabove the sector's middle half▼ 9.1%
Solvency50.1%within the sector's middle half▼ 10.4pp50.0%within the sector's middle half▼ 0.1pp58.6%above the sector's middle half▲ 8.6pp55.2%within the sector's middle half▼ 3.4pp54.0%within the sector's middle half▼ 1.2pp
Current ratio1.47within the sector's middle half▼ 0.281.53within the sector's middle half▲ 0.061.80within the sector's middle half▲ 0.271.85within the sector's middle half▲ 0.051.70within the sector's middle half▼ 0.15
Return on assets (ROA)7.9%within the sector's middle half▲ 7.7pp8.7%within the sector's middle half▲ 0.8pp7.4%within the sector's middle half▼ 1.3pp10.1%above the sector's middle half▲ 2.7pp14.6%above the sector's middle half▲ 4.5pp
Staff (FTE)498.2above the sector's middle half▼ 2.9%514.1above the sector's middle half▲ 3.2%510.9above the sector's middle half▼ 0.6%511.5above the sector's middle half▲ 0.1%521.9above the sector's middle half▲ 2.0%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€5.0m€10.0mOperating result 2021: €4.1m€4.1mNet result 2021: €4.6m€4.6mOperating result 2022: €5.7m€5.7mNet result 2022: €5.8m€5.8mOperating result 2023: €4.0m€4.0mNet result 2023: €4.5m€4.5mOperating result 2024: €6.6m€6.6mNet result 2024: €6.6m€6.6mOperating result 2025: €10.9m€10.9mNet result 2025: €9.9m€9.9m20212022202320242025€0€5m€10mOperating result 2023: €4.0m€4mNet result 2023: €4.5m€4.5mOperating result 2024: €6.6m€6.6mNet result 2024: €6.6m€6.6mOperating result 2025: €10.9m€11mNet result 2025: €9.9m€9.9m202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68.0m
Fixed assets €18.5m ▲ 9.6%
Current assets €49.5m ▲ 1.6%
Equity and liabilities €68.0m
Equity €36.7m ▲ 1.5%
Provisions €1.7m ▼ 6.4%
Debt €29.6m ▲ 7.2%
Debt's share of the balance-sheet total rises from 42.1% to 43.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16.2m▲
2024 · €13.5m
Cash flow
€15.2m▲
2024 · €13.5m
Quick ratio
0.56▼
2024 · 0.68
Debt to equity
0.80▲
2024 · 0.76
ROE
27.0%▲
2024 · 18.3%
Interest coverage
402.37▲
2024 · 157.69
Debt ≤ 1 year
€29.1m▲
2024 · €26.3m
Debt > 1 year
€0▼
2024 · €1.2m
Income taxes
€3.1m▲
2024 · €1.9m
Staff costs
€33.5m▲
2024 · €32.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 353 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.3% stopped otherwise
98% still going

For this company itself Checked computes a higher bankruptcy probability: 2.2% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 353 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines
Balance sheet Code20242025
Assets
Total assets20/58€65.6m€68.0m▲
Fixed assets21/28€16.9m€18.5m▲
Intangible fixed assets21€9,051€0▼
Tangible fixed assets22/27€16.8m€18.4m▲
Land and buildings22€3.8m€3.3m▼
Plant, machinery and equipment23€10.4m€13.0m▲
Furniture and vehicles24€2.6m€2.1m▼
Financial fixed assets28€68,675€68,675=
Affiliated companies280/1€13,950€13,950=
Participating interests280€13,950€13,950=
Other financial fixed assets284/8€54,725€54,725=
Amounts receivable and cash guarantees285/8€54,725€54,725=
Current assets29/58€48.7m€49.5m▲
Stocks and contracts in progress3€30.7m€33.2m▲
Stocks30/36€30.7m€33.2m▲
Goods purchased for resale34€30.7m€33.2m▲
Amounts receivable within one year40/41€16.3m€13.4m▼
Trade receivables40€2.2m€652,521▼
Other amounts receivable41€14.0m€12.8m▼
Cash at bank and in hand54/58€763,129€919,661▲
Deferred charges and accrued income490/1€880,702€1.9m▲
Equity and liabilities
Total equity and liabilities10/49€65.6m€68.0m▲
Equity10/15€36.2m€36.7m▲
Contributions10/11€9.2m€9.2m=
Capital10€9.2m€9.2m=
Issued capital100€9.2m€9.2m=
Reserves13€13.2m€13.2m▼
Non-distributable reserves130/1€916,000€916,000=
Legal reserve130€916,000€916,000=
Tax-exempt reserves132€146,492€109,283▼
Distributable reserves133€12.2m€12.2m=
Profit (loss) carried forward14€13.8m€14.4m▲
Provisions and deferred taxes16€1.8m€1.7m▼
Provisions for liabilities and charges160/5€1.8m€1.7m▼
Major repairs and maintenance162€494,000€494,000=
Other liabilities and charges164/5€1.3m€1.2m▼
Deferred taxes168€29,755€17,352▼
Amounts payable17/49€27.6m€29.6m▲
Amounts payable after more than one year17€1.2m€0▼
Financial debts170/4€1.2m€0▼
Subordinated loans170€468,605€0▼
Unsubordinated bonds171€743,681€0▼
Amounts payable within one year42/48€26.3m€29.1m▲
Current portion of amounts payable after more than one year42€0€0▼
Trade debts44€6.9m€6.8m▼
Suppliers440/4€6.9m€6.8m▼
Advances received on contracts in progress46€4.0m€4.0m▲
Taxes, remuneration and social security45€8.9m€8.9m▲
Taxes450/3€2.4m€2.4m▲
Remuneration and social security454/9€6.5m€6.5m▲
Other amounts payable47/48€6.5m€9.4m▲
Accrued charges and deferred income492/3€90,056€457,679▲
Income statement Code20242025
Operating income70/76A€172.8m€174.3m▲
Turnover70€170.6m€172.5m▲
Other operating income74€1.7m€1.4m▼
Non-recurring operating income76A€547,053€505,024▼
Operating charges60/66A€166.2m€163.5m▼
Goods for resale, raw materials and consumables60€83.2m€82.8m▼
Purchases600/8€82.7m€85.2m▲
Change in stocks: decrease (increase)609€483,712-€2.4m▼
Services and other goods61€43.3m€41.8m▼
Remuneration, social security and pensions62€32.3m€33.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.9m€5.3m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€24,126€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€187,642-€102,294▼
Other operating charges640/8€101,630€58,801▼
Non-recurring operating charges66A€300,574€112,731▼
Operating profit (loss)9901€6.6m€10.9m▲
Financial income75/76B€2.7m€2.9m▲
Recurring financial income75€2.7m€2.9m▲
Income from current assets751€79,925€182,609▲
Other financial income752/9€2.7m€2.8m▲
Financial charges65/66B€892,342€801,856▼
Recurring financial charges65€829,878€801,856▼
Debt charges650€85,742€40,189▼
Other financial charges652/9€744,136€761,666▲
Non-recurring financial charges66B€62,463€0▼
Profit (loss) for the period before taxes9903€8.5m€13.0m▲
Transfer from deferred taxes780€12,403€12,403=
Income taxes67/77€1.9m€3.1m▲
Taxes670/3€2.1m€3.2m▲
Tax adjustments and reversals of tax provisions77€179,443€59,850▼
Profit (loss) for the period9904€6.6m€9.9m▲
Transfer from tax-exempt reserves789€37,209€37,209=
Profit (loss) for the period to be appropriated9905€6.7m€10.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€20.2m€23.8m▲
Profit (loss) brought forward from the previous period14P€13.6m€13.8m▲
Profit to be distributed694/7€6.4m€9.4m▲
Return on contributions (dividend)694€5.0m€8.0m▲
Directors or managers695€1.4m€1.4m▼
Social balance
Average headcount (FTE)9087511.5521.9▲

The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€146.5m€158.1m€165.4m€172.8m€174.3m▲ 0.9%
Turnover70€144.6m€156.3m€164.0m€170.6m€172.5m▲ 1.1%
Other operating income74€1.8m€1.6m€1.1m€1.7m€1.4m▼ 18.7%
Non-recurring operating income76A€77,563€209,656€378,939€547,053€505,024▼ 7.7%
Operating charges60/66A€142.4m€152.4m€161.4m€166.2m€163.5m▼ 1.6%
Goods for resale, raw materials and consumables60€69.7m€73.8m€79.7m€83.2m€82.8m▼ 0.4%
Purchases600/8€70.0m€78.3m€81.3m€82.7m€85.2m▲ 3.1%
Change in stocks: decrease (increase)609-€354,613-€4.5m-€1.6m€483,712-€2.4m▼ 606%
Services and other goods61€37.7m€41.7m€43.2m€43.3m€41.8m▼ 3.4%
Remuneration, social security and pensions62€26.8m€30.5m€31.6m€32.3m€33.5m▲ 3.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.5m€6.1m€6.8m€6.9m€5.3m▼ 23.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€24,126€0▲ 100%
Provisions for liabilities and charges: additions (uses and reversals)635/8€316,113-€1,744€46,906€187,642-€102,294▼ 155%
Other operating charges640/8€59,802€55,361€47,202€101,630€58,801▼ 42.1%
Non-recurring operating charges66A€255,710€191,461€9,576€300,574€112,731▼ 62.5%
Operating profit (loss)9901€4.1m€5.7m€4.0m€6.6m€10.9m▲ 64.5%
Financial income75/76B€2.4m€2.6m€2.6m€2.7m€2.9m▲ 7.3%
Recurring financial income75€2.4m€2.6m€2.6m€2.7m€2.9m▲ 7.3%
Income from current assets751€61,103€53,032€8,229€79,925€182,609▲ 128%
Other financial income752/9€2.3m€2.5m€2.6m€2.7m€2.8m▲ 3.7%
Financial charges65/66B€690,033€905,256€902,244€892,342€801,856▼ 10.1%
Recurring financial charges65€638,152€696,987€833,377€829,878€801,856▼ 3.4%
Debt charges650€106,701€83,717€120,825€85,742€40,189▼ 53.1%
Other financial charges652/9€531,451€613,270€712,552€744,136€761,666▲ 2.4%
Non-recurring financial charges66B€51,881€208,269€68,867€62,463€0▼ 100%
Profit (loss) for the period before taxes9903€5.8m€7.4m€5.7m€8.5m€13.0m▲ 53.8%
Transfer from deferred taxes780€12,822€12,403€12,403€12,403€12,403=
Income taxes67/77€1.2m€1.6m€1.2m€1.9m€3.1m▲ 66.4%
Taxes670/3€1.2m€1.6m€1.2m€2.1m€3.2m▲ 54.7%
Tax adjustments and reversals of tax provisions77€3,828€0€34,143€179,443€59,850▼ 66.6%
Profit (loss) for the period9904€4.6m€5.8m€4.5m€6.6m€9.9m▲ 50.2%
Transfer from tax-exempt reserves789€38,466€37,209€37,209€37,209€37,209=
Profit (loss) for the period to be appropriated9905€4.6m€5.8m€4.6m€6.7m€10.0m▲ 49.9%
Line20212022202320242025Change
Assets
Total assets20/58€58.4m€66.4m€61.4m€65.6m€68.0m▲ 3.7%
Fixed assets21/28€19.9m€20.1m€20.8m€16.9m€18.5m▲ 9.6%
Intangible fixed assets21€46,551€34,051€21,551€9,051€0▼ 100%
Tangible fixed assets22/27€19.8m€20.0m€20.8m€16.8m€18.4m▲ 9.7%
Land and buildings22€5.1m€4.7m€4.2m€3.8m€3.3m▼ 11.8%
Plant, machinery and equipment23€13.6m€13.7m€13.8m€10.4m€13.0m▲ 25.1%
Furniture and vehicles24€1.1m€1.6m€2.7m€2.6m€2.1m▼ 20.2%
Financial fixed assets28€70,675€68,675€68,675€68,675€68,675=
Affiliated companies280/1€13,950€13,950€13,950€13,950€13,950=
Participating interests280€13,950€13,950€13,950€13,950€13,950=
Other financial fixed assets284/8€56,725€54,725€54,725€54,725€54,725=
Amounts receivable and cash guarantees285/8€56,725€54,725€54,725€54,725€54,725=
Current assets29/58€38.5m€46.3m€40.6m€48.7m€49.5m▲ 1.6%
Stocks and contracts in progress3€25.1m€29.6m€31.2m€30.7m€33.2m▲ 8.0%
Stocks30/36€25.1m€29.6m€31.2m€30.7m€33.2m▲ 8.0%
Goods purchased for resale34€25.1m€29.6m€31.2m€30.7m€33.2m▲ 8.0%
Amounts receivable within one year40/41€8.1m€1.8m€5.1m€16.3m€13.4m▼ 17.6%
Trade receivables40€1.3m€1.3m€1.3m€2.2m€652,521▼ 70.7%
Other amounts receivable41€6.8m€482,168€3.8m€14.0m€12.8m▼ 9.2%
Cash at bank and in hand54/58€3.1m€12.8m€2.3m€763,129€919,661▲ 20.5%
Deferred charges and accrued income490/1€2.1m€2.0m€2.0m€880,702€1.9m▲ 120%
Equity and liabilities
Total equity and liabilities10/49€58.4m€66.4m€61.4m€65.6m€68.0m▲ 3.7%
Equity10/15€29.3m€33.2m€36.0m€36.2m€36.7m▲ 1.5%
Contributions10/11€9.2m€9.2m€9.2m€9.2m€9.2m=
Capital10€9.2m€9.2m€9.2m€9.2m€9.2m=
Issued capital100€9.2m€9.2m€9.2m€9.2m€9.2m=
Reserves13€13.3m€13.3m€13.3m€13.2m€13.2m▼ 0.3%
Non-distributable reserves130/1€916,000€916,000€916,000€916,000€916,000=
Legal reserve130€916,000€916,000€916,000€916,000€916,000=
Tax-exempt reserves132€258,119€220,910€183,701€146,492€109,283▼ 25.4%
Distributable reserves133€12.2m€12.2m€12.2m€12.2m€12.2m=
Profit (loss) carried forward14€6.8m€10.7m€13.6m€13.8m€14.4m▲ 4.3%
Provisions and deferred taxes16€1.6m€1.6m€1.6m€1.8m€1.7m▼ 6.4%
Provisions for liabilities and charges160/5€1.5m€1.5m€1.6m€1.8m€1.7m▼ 5.8%
Pensions and similar obligations160€951€0----
Major repairs and maintenance162€552,327€494,000€487,500€494,000€494,000=
Other liabilities and charges164/5€967,567€1.0m€1.1m€1.3m€1.2m▼ 8.1%
Deferred taxes168€66,964€54,561€42,158€29,755€17,352▼ 41.7%
Amounts payable17/49€27.6m€31.6m€23.8m€27.6m€29.6m▲ 7.2%
Amounts payable after more than one year17€1.2m€1.2m€1.2m€1.2m€0▼ 100%
Financial debts170/4€1.2m€1.2m€1.2m€1.2m€0▼ 100%
Subordinated loans170€468,605€468,605€468,605€468,605€0▼ 100%
Unsubordinated bonds171€743,681€743,681€743,681€743,681€0▼ 100%
Credit institutions173€0-----
Amounts payable within one year42/48€26.2m€30.2m€22.5m€26.3m€29.1m▲ 10.8%
Current portion of amounts payable after more than one year42€750,000€0€0€0€0▼ 100%
Financial debts43€719,065€0----
Credit institutions430/8€719,065€0----
Trade debts44€6.8m€5.3m€8.3m€6.9m€6.8m▼ 1.8%
Suppliers440/4€6.8m€5.3m€8.3m€6.9m€6.8m▼ 1.8%
Advances received on contracts in progress46€2.5m€3.1m€3.5m€4.0m€4.0m▲ 0.1%
Taxes, remuneration and social security45€7.2m€10.2m€8.9m€8.9m€8.9m▲ 0.3%
Taxes450/3€2.0m€4.0m€2.2m€2.4m€2.4m▲ 1.0%
Remuneration and social security454/9€5.3m€6.2m€6.8m€6.5m€6.5m▲ 0.1%
Other amounts payable47/48€8.1m€11.6m€1.8m€6.5m€9.4m▲ 45.2%
Accrued charges and deferred income492/3€170,621€210,964€78,438€90,056€457,679▲ 408%
Line20212022202320242025Change
Profit (loss) for the period9904€4.6m€5.8m€4.5m€6.6m€9.9m▲ 50.2%
+ Depreciation and write-downs630€7.5m€6.1m€6.8m€6.9m€5.3m▼ 23.5%
Operating cash flow (approximation)€12.1m€11.9m€11.3m€13.5m€15.2m▲ 12.6%
Investment in fixed assets (approximation)--€6.3m-€7.5m-€2.9m-€6.9m▼ 135%
Change in cash-€9.7m-€10.5m-€1.5m€156,532▲ 110%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €9.9m ▲50.2%
Operating result €10.9m, net result €9.9m, both a record.
04-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
16-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €93,055 ▼9.8%
Net result drops to €93,055, the lowest in the series; recovery starts the following year.
16-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Temse · 80 establishment units since 1948
seat establishment approximate 79 of 80 establishment units on the map
Ground area
106 ha
Building footprint
32.1 ha
Volume, LiDAR
2,039,094 m³
79 parcels, Flanders, Wallonia · tallest building 29.0 m, ±6 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
80 establishment units
Boomlaarstraat 309, 2500 Lier
NACE 5141002
since 19482.004.072.953
Gasthuisstraat 45, 2300 Turnhout
NACE 51422
since 19562.004.073.943
Rozenberg 98 A, 2400 Mol
NACE 51422
since 19572.004.074.042
Leuvenselaan 474, 3300 Tienen
NACE 51422
since 19572.004.072.458
Kapellestraat 24, 8400 Oostende
NACE 51422
since 19632.004.073.448
Stationsstraat 82, 9900 Eeklo
NACE 51422
since 19692.004.071.963
Show 74 more locations
TORFS
Hasseltweg 85, 3600 GenkNACE 52431
since 19942.142.778.795
TORFS
Westerring 45, 9700 OudenaardeNACE 52431
since 19972.142.778.401
TORFS
Maalse Steenweg 238, 8310 BruggeNACE 52431
since 19972.142.779.191
TORFS NV
IJzerenleen 47 4, 2800 MechelenNACE 51422
since 19972.004.073.151
TORFS NV
Stationsstraat 86, 2220 Heist-op-den-BergNACE 51422
since 19972.004.073.349
TORFS
Gouden Kruispunt 65, 3390 Tielt-WingeNACE 52431
since 19982.142.779.290
TORFS
Turnhoutsebaan 5, 2110 WijnegemNACE 52431
since 20022.142.779.488
TORFS
Spoorweglaan 15, 8793 WaregemNACE 52431
since 20022.142.779.389
TORFS
Dorpsstraat 100, 9800 DeinzeNACE 52431
since 20032.142.778.696
TORFS
Antwerpse Steenweg 73, 9080 LochristiNACE 52431
since 20032.142.779.587
TORFS
Antwerpseweg 74, 2440 GeelRetail trade
since 20032.142.779.785
TORFS
Sint-Jozefsstraat 10, 3500 HasseltNACE 52431
since 20032.142.779.686
TORFS
Mechelsesteenweg 186, 2650 EdegemNACE 52431
since 20032.142.779.884
TORFS
Kapelstraat 100, 9100 Sint-NiklaasNACE 52431
since 20042.142.779.983
TORFS
Torhoutsesteenweg 682, 8400 OostendeNACE 52431
since 20042.142.780.181
Torfs
Ringlaan(Kor) 34, 8500 KortrijkNACE 52431
since 20042.144.798.573
TORFS
Brugsesteenweg 337, 8800 RoeselareNACE 52431
since 20052.146.528.242
TORFS
Buitensingel 60, 3920 LommelNACE 52431
since 20052.146.528.440
TORFS
Antwerpsesteenweg 7, 2630 AartselaarNACE 52431
since 20052.149.651.444
TORFS
Godveerdegemstraat 183, 9620 ZottegemNACE 52431
since 20062.155.331.189
TORFS
Sint-Idesbaldusstraat 27, 8630 VeurneNACE 52431
since 20072.160.133.382
TORFS
Meir 29, 2000 AntwerpenNACE 52431
since 20072.165.155.509
TORFS
Schonekeerstraat 183, 8930 MenenNACE 52431
since 20072.165.333.473
TORFS
Zelebaan 73, 9160 LokerenNACE 52431
since 20072.166.072.356
TORFS
P. Devauxstraat 19-23, 8370 BlankenbergeRetail sale of footwear
since 20082.169.345.513
TORFS
Oosterzelesteenweg 5, 9230 WetterenRetail sale of footwear
since 20082.169.345.018
TORFS
Legeweg 146, 8200 BruggeRetail sale of footwear
since 20082.174.125.237
TORFS
Paalsesteenweg 201, 3583 BeringenRetail sale of footwear
since 20082.174.125.138
TORFS
Warande(BEV) 37-38, 9120 BeverenRetail sale of footwear
since 20092.176.670.397
TORFS
Kareelstraat 130, 9300 AalstRetail sale of footwear
since 20092.176.670.003
TORFS
Industrieweg 1 C, 3190 BoortmeerbeekRetail sale of footwear
since 20092.177.696.421
TORFS
Afschrijverslaan 2, 9140 TemseRetail sale of footwear
since 20092.220.324.654
TORFS
Krekelmotestraat 62, 8870 IzegemRetail sale of footwear
since 20092.184.320.828
TORFS
Kwadensteenweg 2, 3800 Sint-TruidenRetail sale of footwear
since 20092.184.320.531
TORFS
Brusselsesteenweg 494, 3090 OverijseRetail sale of footwear
since 20102.184.321.719
TORFS
Diestsestraat 32, 3000 LeuvenRetail sale of footwear
since 20102.184.321.026
TORFS
Steenpoort(Kor) 2, 8500 KortrijkRetail sale of footwear
since 20102.187.051.179
TORFS
Steenweg 538, 9470 DenderleeuwRetail sale of footwear
since 20102.187.050.783
TORFS
Mechelsesteenweg 13, 9200 DendermondeRetail sale of footwear
since 20102.188.939.018
TORFS
Wallekensstraat 24, 9051 GentRetail sale of footwear
since 20102.188.939.513
TORFS
Sint Lenaartseweg 22, 2320 HoogstratenRetail sale of footwear
since 20102.192.560.284
TORFS
Brugsesteenweg 37, 8450 BredeneRetail sale of footwear
since 20102.192.560.680
TORFS
Rijksweg(BOR) 11, 2880 BornemRetail sale of footwear
since 20112.199.867.948
TORFS
Koninginnelaan(E) 115, 3630 MaasmechelenRetail sale of footwear
since 20112.203.400.233
TORFS
Steenweg op Gierle 339, 2300 TurnhoutRetail sale of footwear
since 20122.208.880.931
TORFS
Sportlaan 40, 3960 BreeRetail sale of footwear
since 20122.210.007.913
TORFS
Luikersteenweg 151, 3700 Tongeren-BorgloonRetail sale of footwear
since 20122.211.654.636
TORFS
Gistelsteenweg 218, 8490 JabbekeRetail sale of footwear
since 20132.217.108.511
TORFS
Steegstraat 52, 2490 BalenRetail sale of footwear
since 20132.217.109.105
TORFS
Kortrijkstraat 341, 8560 WevelgemRetail sale of footwear
since 20132.219.434.828
TORFS
Rijselsepoort 35, 8900 IeperRetail sale of footwear
since 20132.219.775.021
TORFS
Vilvoordsesteenweg 170, 1860 MeiseRetail sale of footwear
since 20132.224.219.106
TORFS
Ridderstraat 6, 3360 BierbeekRetail sale of footwear
since 20142.230.670.693
TORFS
Hendrik van Veldekesingel 1A, 3500 HasseltRetail sale of footwear
since 20142.233.740.249
TORFS
Astridlaan(Sch) 66, 9500 GeraardsbergenRetail sale of footwear
since 20142.233.740.348
TORFS
Robert Dansaertlaan 9D, 1702 DilbeekRetail sale of footwear
since 20152.240.972.885
Rodendijk 20, 2980 Zoersel
Retail sale of footwear
since 20152.247.445.557
TORFS
Herentalsebaan 247, 2150 AntwerpenRetail sale of footwear
since 20172.268.659.655
Torfs L.
Deboecklaan (René) 2, 1500 HalleWholesale trade
since 20172.272.434.638
Brusselsesteenweg 244 C, 9280 Lebbeke
Retail sale of footwear
since 20182.279.211.968
Morettestraat 20, 1740 Ternat
Wholesale trade
since 20182.292.725.553
Stationsstraat 82J, 9900 Eeklo
Retail sale of footwear
since 20182.286.060.564
Torfs L nv
Marche, Chaussée de Liège 51, 6900 Marche-en-FamenneWholesale trade
since 20192.286.150.834
Oostendestraat 260-262, 8820 Torhout
Retail sale of footwear
since 20192.290.413.092
Oud-Strijderslaan (HRT) 5, 2200 Herentals
Wholesale trade
since 20202.302.835.032
Torfs L. nv
Rue Saint-Jacques 333, 5500 DinantRetail sale of meat and meat products, excluding game and poultry
since 20202.308.781.231
Brusselsesteenweg 662, 9050 Gent
Retail sale of footwear
since 20202.310.580.283
Torfs L. nv
Leuvensesteenweg 88, 3290 DiestRetail sale of meat and meat products, excluding game and poultry
since 20212.313.464.549
Torfs
Bredabaan 960, 2900 SchotenRetail sale of footwear
since 20212.322.930.165
Schoenen Torfs L
Brakelsesteenweg(App) 160A, 9400 NinoveRetail sale of footwear
since 20242.362.171.516
TORFS
Grote Baan 19, 3530 Houthalen-HelchterenRetail sale of footwear
since 20242.364.577.512
Elektriciteitstraat 39, 2800 Mechelen
Retail sale of footwear
since 20252.379.046.744
TORFS
Koning Leopoldlaan 2, 9990 MaldegemRetail sale of footwear
since 20262.385.761.322
TORFS
Langemunt 7-9, 9000 GentRetail sale of footwear
since 20262.385.761.421
79 parcels
Flanders 77 (97.5%) Wallonia 2 (2.5%)
Parcel (capakey) Region Area Buildings Height / fl.
23086B0318/00X000 Flanders 14.9 ha 1 · 1,049 m² 10.5 m · 2 fl.
46445D1155/00R000 Flanders 10.8 ha 1 · 5.0 ha 18.2 m · 2 fl.
73083D0422/00X000 Flanders 9.1 ha 1 · 5,175 m² 7.1 m · 2 fl.
73013D1028/00K000 Flanders 6.0 ha 1 · 1.7 ha 11.6 m · 2 fl.
11050B0010/00E002 Flanders 5.6 ha 1 · 4.9 ha 27.4 m · 4 fl.
34352B0962/00W000 Flanders 4.9 ha 1 · 1.5 ha -
36494D0672/00N002 Flanders 4.7 ha 1 · 1.4 ha 9.6 m · 2 fl.
72402A0719/00E002 Flanders 4.1 ha 1 · 2,297 m² -
72020C0870/00E000 Flanders 3.9 ha 1 · 1.1 ha 7.3 m · 2 fl.
13373L0099/00F002indicative Flanders 3.1 ha 1 · 1.0 ha 8.4 m · 2 fl.
45502A0461/00P000 Flanders 2.4 ha 1 · 1.0 ha 15.8 m · 3 fl.
42322C1141/00M000 Flanders 2.1 ha 1 · 8,431 m² -
23026B0116/00Z022 Flanders 2.1 ha 1 · 6,594 m² 0.9 m
83034B0248/00F000 Wallonia 1.6 ha 1 · 7,790 m² -
12007C0355/00L000 Flanders 1.6 ha 1 · 1.2 ha -
46025B1190/00T012 Flanders 1.6 ha 1 · 6,296 m² 11.1 m · 3 fl.
42006E0027/00M000 Flanders 1.6 ha 1 · 5,075 m² 12.1 m · 2 fl.
23062N0041/00B032 Flanders 1.4 ha 1 · 1,015 m² 10.3 m · 3 fl.
34353H1142/00X000 Flanders 1.4 ha 1 · 1.1 ha 28.9 m · 6 fl.
35020A0324/00X000 Flanders 1.3 ha 1 · 4,586 m² 9.0 m · 2 fl.
91034B0152/00L002 Wallonia 1.1 ha 1 · 4,715 m² -
71049B1142/00C000 Flanders 1.1 ha 1 · 3,647 m² 5.6 m
34024A0580/00H002 Flanders 1.0 ha 1 · 1,815 m² 5.5 m
44034C0966/00Z005 Flanders 9,827 m² 1 · 1,097 m² 8.8 m · 2 fl.
46382B0730/00G000 Flanders 9,019 m² 1 · 1,695 m² 10.9 m · 2 fl.
43010C0094/00X000 Flanders 8,983 m² 1 · 2,666 m² 7.5 m · 2 fl.
23050F0005/00D002 Flanders 8,029 m² 1 · 2,277 m² 17.5 m · 3 fl.
41055B0816/00R000 Flanders 7,767 m² 1 · 2,564 m² -
31433D0052/00T000 Flanders 7,740 m² 1 · 4,052 m² 13.5 m · 1 fl.
11443E0090/00K002 Flanders 7,281 m² 1 · 3,746 m² 12.5 m · 1 fl.
31031A0239/00A000 Flanders 7,003 m² - -
13003A0809/00E002 Flanders 6,492 m² 1 · 3,795 m² 14.3 m · 1 fl.
44363B0443/00Z003 Flanders 6,482 m² 1 · 221 m² 6.8 m · 2 fl.
11472B0157/00C007 Flanders 6,354 m² 1 · 1,044 m² 8.2 m · 2 fl.
12402B0490/00B003 Flanders 5,739 m² 1 · 989 m² 13.0 m · 1 fl.
31033I0570/00W000 Flanders 5,637 m² 1 · 999 m² 8.8 m · 2 fl.
24014C0102/00E000 Flanders 5,242 m² 1 · 1,378 m² 9.1 m · 3 fl.
38025E0328/00T000 Flanders 5,119 m² 1 · 2,006 m² 6.7 m
41081A0868/00D002 Flanders 4,978 m² 1 · 2,246 m² 8.2 m · 1 fl.
71353E0360/00G000 Flanders 4,638 m² 1 · 2,277 m² 8.2 m · 2 fl.
46502D0252/00T009 Flanders 4,485 m² 1 · 2,661 m² 11.5 m · 2 fl.
11372A0160/00R008 Flanders 4,121 m² 1 · 1,010 m² 6.6 m · 2 fl.
41043A0199/02B000 Flanders 4,073 m² - -
11007B0006/00S000 Flanders 3,828 m² 1 · 2,401 m² 7.3 m · 1 fl.
35302D0074/00H000 Flanders 3,690 m² 1 · 519 m² 7.9 m · 2 fl.
71326F0226/00D000 Flanders 3,394 m² 1 · 967 m² 6.0 m · 2 fl.
24592F0002/00H002 Flanders 3,394 m² 1 · 788 m² 10.3 m · 3 fl.
24053B0155/00T000 Flanders 3,071 m² 1 · 1,009 m² 10.4 m · 1 fl.
72015C0579/00N000 Flanders 2,907 m² 1 · 873 m² 11.4 m · 1 fl.
11055C0296/00X000 Flanders 2,875 m² 1 · 1,117 m² 7.8 m · 1 fl.
71022H0730/00M000 Flanders 2,539 m² - -
44004B0546/00T000 Flanders 2,445 m² 1 · 1,064 m² 8.9 m · 2 fl.
24101D0121/00B004 Flanders 2,307 m² 1 · 937 m² 6.9 m · 1 fl.
44062C0069/00L005 Flanders 2,163 m² 1 · 904 m² 4.7 m · 1 fl.
41002B0040/00G000 Flanders 2,139 m² 1 · 1,191 m² 6.3 m · 2 fl.
71306G0080/00L018 Flanders 2,085 m² - -
12322I0440/00Z003 Flanders 1,570 m² 1 · 1,295 m² 11.5 m · 1 fl.
43352E0855/00X004 Flanders 1,509 m² 1 · 1,405 m² 11.7 m · 3 fl.
13453O0904/00E010 Flanders 1,426 m² 1 · 2,913 m² 12.9 m · 4 fl.
13025G0364/00G007 Flanders 1,274 m² 1 · 132 m² 13.9 m · 4 fl.
31424B0676/00P000 Flanders 1,259 m² 1 · 977 m² 6.7 m · 2 fl.
41402B0657/00S000 Flanders 1,228 m² 1 · 450 m² 6.3 m · 2 fl.
34035A0254/00N005 Flanders 1,214 m² 1 · 1,069 m² 12.7 m · 2 fl.
31004A0811/00D020indicative Flanders 1,144 m² 1 · 586 m² 23.7 m · 6 fl.
24120E0124/00Y000 Flanders 964 m² 1 · 1,068 m² 5.8 m · 2 fl.
36015A0897/00W000 Flanders 895 m² 1 · 895 m² 7.8 m · 2 fl.
13011B0672/00A003 Flanders 866 m² 1 · 636 m² 7.3 m · 2 fl.
33011D0182/00M000 Flanders 864 m² 1 · 1,081 m² 6.0 m · 2 fl.
24502B0683/00Z000
ProtectedTownscape or village viewBondgenotenlaanSource ↗
Flanders 718 m² 1 · 610 m² 15.1 m · 4 fl.
42025G1035/00Y003 Flanders 635 m² 1 · 635 m² 7.5 m · 2 fl.
13014F0101/00H000 Flanders 631 m² 1 · 200 m² 8.9 m · 2 fl.
34302B0865/00P002indicative Flanders 585 m² 1 · 102 m² 7.0 m · 1 fl.
11803C1446/00F000 Flanders 451 m² 1 · 261 m² 19.5 m · 4 fl.
12025D0225/00F000 Flanders 413 m² 1 · 313 m² 16.1 m · 2 fl.
13453T0280/00E000 Flanders 239 m² 1 · 221 m² 13.5 m · 2 fl.
44802B1779/00B000
ProtectedTownscape or village viewGroentenmarkt met omliggende bebouwingSource ↗
Flanders 233 m² 1 · 220 m² 15.0 m · 4 fl.
12393F0265/00T000 Flanders 166 m² 1 · 77 m² 10.0 m · 2 fl.
43352E0859/00D000 Flanders 145 m² - -
35013A0823/00D000 Flanders 141 m² 1 · 138 m² 17.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
76 of 79 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Part of the group TORFS IMPORT SERVICE 3 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. TORFS IMPORT SERVICE 99.96%
  2. TORFS L.

Highest known parent: TORFS IMPORT SERVICE. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of TORFS L. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 351,523 EUR awarded · 286,195 EUR paid
Year Entries awardedpaid
2025 2 323,256 EUR257,928 EUR
2023 1 1,917 EUR1,917 EUR
2022 2 26,350 EUR26,350 EUR
Schemes
1 entry · 321,328 EUR · 256,000 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 18,000 EUR · 18,000 EUR paid · Departement Mobiliteit en Openbare Werken
3 entries · 12,195 EUR · 12,195 EUR paid · Departement Werk en Sociale Economie

European Union, budget

2024 · 1 entry · 92,721 EUR in total
Year Entries awarded
2024 1 92,721 EUR
Projects
CODEZERO - CO-DESIGN OF E-COMMERCE LAST-MILE DELIVERY AND RETURN OPTIONS WITH ZERO EMISSIONS
Horizon Europe · 01-06-2024 to 31-05-2027 · 92,721 EUR

European research

2 projects · 92,723 EUR EU contribution
Programmes
2 entries · 92,723 EUR
Projects
CO-DESIGN OF E-COMMERCE LAST-MILE DELIVERY AND RETURN OPTIONS WITH ZERO EMISSIONS
Horizon Europe · participant · 01-06-2024 to 31-05-2027 · 92,723 EUR · CodeZERO
Sustainable and Circular Footwear Training Program
Horizon Europe · associated partner · 01-01-2026 to 31-12-2029 · SCARPA

Recognitions · licences · registrations

Dual-learning approval

6 live approvals
Logistiek duaal (so)
Goedgekeurd · 2026 to 2031
Onthaal, organisatie en sales duaal (so)
Goedgekeurd · 2025 to 2030
Winkelmedewerker (vwo)
Goedgekeurd · 2025 to 2030
Winkelmedewerker (vwo)
Goedgekeurd · 2025 to 2030
Winkelmedewerker duaal (so)
Goedgekeurd · 2025 to 2030
Winkelmedewerker duaal (so)
Goedgekeurd · 2025 to 2030

Legal Entity Identifier

549300H3L0YMSXP9WI09
live in the LEI register

Similar companies · same sector, comparable size

Of 1,035 companies in sector 47721 we hold annual accounts for 583. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded14-10-1948
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
Contact
Phone 082390560Dinant
E-invoicing
Reachable via Peppol
Peppol ID 0208:0404054092
Also 9925:BE0404054092

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.