TORFS TECHNICS
ActiveTORFS TECHNICS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €43k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-33
Solvency28▼-15
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.02 in 2024; short-term debt: 29.4% and cash: 4.8% of total assets), and 97% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← 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
3%
Return on assets
7%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 10%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
8 d early
2023
30 d early
2022
34 d early
2021
27 d early
2020
57 d early
2019
7 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 88.0%
2024 · €155k
2019: €79k
2020: €108k
2021: €160k
2022: €245k
2023: €265k
2024: €155k
2019 → 2025
Total assets
€617k▼ 28.8%
2024 · €867k
2019: €154k
2020: €298k
2021: €375k
2022: €529k
2023: €896k
2024: €867k
2019 → 2025
Net result
€43k▼ 71.4%
2024 · €151k
2019: €86k
2020: €30k
2021: €51k
2022: €79k
2023: €120k
2024: €151k
2019 → 2025
Working capital
€-34k
2024 · €8k
2019: €51k
2020: €10k
2021: €23k
2022: €59k
2023: €119k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€245k▲ 53.1%€265k▲ 8.2%€155k▼ 41.6%€19k▼ 88.0%
Operating result€111k-€144k▲ 29.6%€192k▲ 33.9%€247k▲ 28.4%€106k▼ 57.0%
Net result€51k-€79k▲ 52.7%€120k▲ 52.6%€151k▲ 25.9%€43k▼ 71.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €617k
Fixed assets
€469k▼ 7.7%
Current assets
€148k▼ 58.8%
Equity and liabilities €617k
Equity
€19k▼ 88.0%
Debt
€598k▼ 16.0%
The debt ratio rises from 82.2% to 97.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€145k▼
2024 · €286k
Cash flow
€82k▼
2024 · €191k
Solvency
3.0%▼
2024 · 17.8%
Current ratio
0.81▼
2024 · 1.02
Quick ratio
0.81▼
2024 · 1.02
Debt / equity
32.17▲
2024 · 4.61
ROE
232.4%▲
2024 · 97.7%
ROA
7.0%▼
2024 · 17.4%
Interest coverage
2.82▼
2024 · 5.17
Debt
€598k▼
2024 · €712k
Debt ≤ 1 year
€182k▼
2024 · €351k
Debt > 1 year
€417k▲
2024 · €287k
Income taxes
€12k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€867k€617k▼
Fixed assets21/28€508k€469k▼
Tangible fixed assets22/27€508k€469k▼
Land and buildings22€402k€389k▼
Plant, machinery and equipment23€25k€15k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€77k€63k▼
Current assets29/58€359k€148k▼
Amounts receivable within one year40/41€222k€113k▼
Trade receivables40€213k€74k▼
Other amounts receivable41€9k€39k▲
Cash at bank and in hand54/58€129k€30k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€867k€617k▼
Equity10/15€155k€19k▼
Contributions10/11€19k€19k=
Reserves13€136k-
Distributable reserves133€136k-
Amounts payable17/49€712k€598k▼
Amounts payable after more than one year17€287k€417k▲
Financial debts170/4€287k€417k▲
Amounts payable within one year42/48€351k€182k▼
Current portion of amounts payable after more than one year42€29k€64k▲
Financial debts43-€28k
Credit institutions430/8-€28k
Trade debts44€46k€18k▼
Suppliers440/4€46k€18k▼
Taxes, remuneration and social security45€1k€102▼
Taxes450/3€1k€102▼
Other amounts payable47/48€274k€71k▼
Accrued charges and deferred income492/3€75k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€39k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€289k€147k▼
Operating profit (loss)9901€247k€106k▼
Financial income75/76B€846€82▼
Recurring financial income75€846€82▼
Financial charges65/66B€55k€52k▼
Recurring financial charges65€55k€52k▼
Profit (loss) for the period before taxes9903€192k€55k▼
Income taxes67/77€41k€12k▼
Profit (loss) for the period9904€151k€43k▼
Profit (loss) for the period to be appropriated9905€151k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€43k▼
Transfer from equity791/2€246k€136k▼
Transfer to equity691/2€136k-
To other reserves6921€136k-
Profit to be distributed694/7€261k€179k▼
Return on contributions (dividend)694€246k€179k▼
Directors or managers695€15k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €151k ▲25.9%
Operating result €247k, net result €151k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €245k ▲53.1%
4 profitable years in a row build equity to €245k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €160k ▲47.5%
3 profitable years in a row build equity to €160k.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €30k ▼65.7%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €108k ▲37.6%
2 profitable years in a row build equity to €108k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heist-op-den-Berg · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Biekorfstraat 62220 Heist-op-den-BergGround area
1,167 m²
Building footprint
109 m²
Volume, LiDAR
845 m³
Parcel 12322I0297/00S000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TORFS TECHNICS
since 20182.278.571.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0297/00S000 | Flanders | 1,167 m² | 1 · 109 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 366 EUR awarded · 366 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 366 EUR | 366 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900GIOV4LAN5EA546
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 3,427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2018
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.