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T.P.F. HOLDING

Active Public limited companyfounded 1999active for 27 yearsde Haveskerckelaan 46, 1190 ForestKBO/BCE: BE 0466.977.497 subsidiary of ALBATER
Part of the group ALBATER 34 companies in 14 countries
See the group

Lifetime

20 annual accounts with figures on one time axis, 26 filings since 2000
peak -€85 (2024)
-€1,878▼ €1,793
lowest -€409,212 (2017)
€5.7m▲ 603%
peak €9.1m (2025)
€9.1m▲ 20.4%
€6.4m▼ 24.0%
Board3 names since 2021
2 directorsChristophe GILAIN and 1 other
Owners3 names in the annual accounts
55.93%ALBATER and 1 other
Documentsfilings and deeds
29-07-20262 days before the deadline
2025financial year
Gross margin from -€85 to -€1,878Result from €811,170 to €5.7mAmendment of the articles 26-05Dividend €4.2mEquity from €7.6m to €9.1mDebts from €8.5m to €6.4m

Key points

from the 2025 annual accounts

Equity

€9.1m ▲ 20.4%
7.62024+5.7Profit-4.2Dividend9.12025

T.P.F. HOLDING paid out €4.2m in dividends. That is 73% of the 2025 profit.

Result

€5.7m ▲ 603%
€811,0002024€5.7m2025

The result rose in 2025: mostly from a one-off income of €3.6m.

Checked score

89
Excellent
Financially stronger than 60% of medium-sized companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.6% 01-2025: 0.7%▲ +0.1 percentage points vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.6%▼ -0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.4 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.4%▼ -0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Strong

84+12equity 58.6% of total assets
30+7short-term debt 41.4% · cash 0.1%
100+50return on assets 36.6%

Score breakdown

raises risk
Liquidity: current ratio 0.06, cash €10,869
lowers risk
Size: total assets €15.6m
Legal form: public limited company
Equity €9.1m (58.6% of total assets)
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 (no NACE code, medium-sized). It does better than 41% of them on solvency, 17% on liquidity, 98% on profitability and 84% on growth.

The bankruptcy probability was computed on 08-11-2026 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 €800,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.06 (0.07 in 2024), below 1. Short-term debt is 41.4% and cash 0.1% of total assets. 41.4% of the assets are financed with debt and provisions.

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

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.06, cash €10,869
NBB · annual accounts
lowers risk · Size: total assets €15.6m
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 · Legal form: public limited company
KBO
lowers risk · Equity €9.1m (58.6% of total assets)
NBB · annual accounts
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 €9.1m
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
7 days early
2023
9 days early
2022
57 days late
2021
30 days early
2020
30 days early
2019
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 3 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 24 July (4 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
09-11-2026 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

CG
Director
TS
Director
  • ALBATER 55.93%score 70equity €11.3m (2025) · 2025 annual accounts of ALBATER
  • SOFTECH 16.63%score 69equity €23.4m (2025) · 2025 annual accounts of SOFTECH

Shares in 3 companies, including TPF International and TPF REAL ESTATE

Board & ownership

Recent changes

Amendment of the articles General meeting of 21-05-2025 · Gazette deed
Resignation: ALBATER (director) Board meeting of 19-05-2022 · Gazette deed
Reappointments: Thomas SPITAELS (director) and Christophe GILAIN (director) General meeting of 30-06-2021 · Gazette deed
First establishment de Haveskerckelaan 46, Forest
All 37 events

Official details

Source: KBO
Status
Active since 05-10-1999Normal situation
Registered office
21 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
“La gestion de participations dans toutes sociétés,sans limitation quant à la forme juridique,le statut…” (deed in French)From the articles, 6 activitiesNo NACE code in the KBO yet
Establishment unit
2.092.792.4201190 Forest, since 12-11-1999
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

€15.6m▼ 3.0%
Filing
Filed on 29-07-2026, 2 days before the end of the filing period
Financials

Companies linked to T.P.F. HOLDING

Subsidiaries and holdings

Insights on T.P.F. HOLDING

Solvency rose in 2025 from 47.2% to 58.6% because of lower debts.

ALBATER holds 55.93% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about T.P.F. HOLDING

What is the company number of T.P.F. HOLDING?
The company number of T.P.F. HOLDING is 0466.977.497. The VAT number is the same number with BE in front: BE 0466.977.497.
Where is T.P.F. HOLDING based?
The registered office is at de Haveskerckelaan 46, 1190 Forest.Company details
What is the legal form of T.P.F. HOLDING?
T.P.F. HOLDING is a public limited company (NV).
When was T.P.F. HOLDING founded?
T.P.F. HOLDING was founded on 05-10-1999.
Is T.P.F. HOLDING still active?
Yes, T.P.F. HOLDING is an active enterprise in the KBO register.
What is the turnover of T.P.F. HOLDING?
The annual accounts for financial year 2025 state no turnover.Financials
Is T.P.F. HOLDING profitable?
In financial year 2025, T.P.F. HOLDING made a profit of €5.7m.
Where can I find the annual accounts of T.P.F. HOLDING?
T.P.F. HOLDING filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of T.P.F. HOLDING due?
T.P.F. HOLDING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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