TPF UTILITIES

Active

Public limited companyfounded 196858 yrs activede Haveskerckelaan 46, 1190 Vorst, BelgiumKBO/BCE: BE 0406.406.442

Summary

TPF UTILITIES has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.2m and a net result of €1.2m. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

TPF UTILITIESActiveChecked score 66/100

Risk analysis Report Compare

What they do

Sewerage

NACE 37000NACE 90010

#3 oldest company in the Brussels-Capital Region, Water and waste sector5 sites

How big

€32.3mturnover 2025

Staff: 118.6 FTE
Equity: €8.2m
Profit: €1.2m

Financially healthy?

66 Healthy Checked score 2025

Bankruptcy chance 12 m: 0.4%

Who decides

Parent: T.P.F. · 99.99%
Holdings: 1

Accounts filed 23 d late0 of 21 deeds read

Why 66- Multiple establishment units- Higher-failure-rate region+ Long track record+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Lower-risk legal formFiled after the deadlineShow the evidence

Checked score

Score 2025

66 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability65▲+30

Solvency66▲+1

Growth84▼-1

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500,000 at 30 days acceptable

Liquidity ample (current ratio 2.11 against 1.75 in 2024; short-term debt: 43.8% and cash: 2% of total assets), but 59.2% of the assets are financed with debt.

Credit check for your own amount and term

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

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 37

Relative position

BE, all sectors

reference

Sewerage (NACE 37)

about 47% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

40.8%

Return on assets

5.7%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

23 d late

2024

17 d early

2023

68 d late

2022

26 d early

2021

47 d early

2020

73 d early

2019

93 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 24 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)

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 14 July (4 of the last 5 filed years within 40 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

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

23-08-26 Annual accounts filedfiscal year 2025 · full…
14-07-25 Annual accounts filedfiscal year 2024 · full…
07-10-24 Annual accounts filedfiscal year 2023 · full…

Key points

Positive: Result rose in 2025from €344,468 to €1.2m ▲ 234% View
Positive: Among the best 7% on equitysector median €270,210 · 126 companies €8.2m View
Controlled by T.P.F.known shareholders 100% 99.99% View
Positive: 7 profitable years in a rowprofit 2025: €1.2m 7 years View
Active since 1968founded 04-07-1968 58 years View