TSF Belgique

Active

Public limited companyfounded 2009active for 17 yearsAvenue de l'Energie 25, 4432 Ans, Belgium53 active companies are registered at this addressKBO/BCE: BE 0817.342.586

Summary

TSF Belgique has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of -€31,409. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 66% of 540 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

TSF BelgiqueActiveChecked score 85/100

Risk analysis Report Compare

Activity

Rental and leasing activities

NACE 77222Manufacture of computer, electronic and optical products NACE 26300

Largest company by equity in Ans, Administrative and support services sector2 sites

Size

€5.7mtotal assets 2025

Staff: 10.6 FTE
Equity: €3.5m
Loss: -€31,409

Financial health

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: GROUP TSF
Board: 5 members
Holdings: 1

Laurent SIMONManaging director

Auditor: 3R, Leboutte & C°2025 accounts 23 days early

Why 85raises riskLiquidity: current ratio 1.17, cash €153,553Size: 10.6 FTE, total assets €5.7mlowers riskFounded in 2009Figures for financial year 2025 (filed 08-07-2026)Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 46% of its sector peers (NACE 77, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 87+1

equity 62.4% of total assets

Liquidity 39+4

short-term debt 33.6% · cash 2.7%

Profitability 68+8

return on assets -0.6%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (467 companies, NACE 77, small)

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.2%▼ -0.3 percentage points vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.3%▼ -0.5 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026

Credit of up to €300,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.17, compared with 1.07 in 2024, below the usual 1.5; short-term debt: 33.6% and cash: 2.7% of total assets), and 37.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 77, small): better than 75% on solvency, 37% on liquidity, 41% on profitability and 32% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

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

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.17, cash €153,553

NBB · annual accounts

Founded in 2009

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 10.6 FTE, total assets €5.7m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 08-07-2026)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€31,409

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

23 days early

2024

14 days early

2023

13 days early

2022

17 days early

2021

24 days early

2020

31 days late

2019

90 days late

← 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 4 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 14 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-07-2026 Annual accounts filedfinancial year 2025 · full…
06-03-2026 Reappointment: Frédéric André (director)Gazette deed
09-09-2025 Resignation: Vincent Wattiez (director)Appointment: Samantha FURER (observatrice)

Key points

Risk: 6 loss-making years in a rowloss financial year 2025 -€31,409 View
Positive: Result rose in 2025from -€402,090 to -€31,409 ▲ 92.2% View
Positive: Largest company by equity in Ans, Administrative and support services sectorin the Checked rankings No. 1 View
Controlled by GROUP TSFthe company in turn controls 2 companies parent View
Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year: 2025
Total assets: €5.7m
Loss: -€31,409
Solvency: 62.4%

Total assets▼ 2.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 5 members
Parent: GROUP TSF
Auditor: 3R, Leboutte & C°

André FrédéricDirector
S.A. WALLIMAGE ENTREPRISESDirector
WALLIMAGE S.A.Director
Laurent SIMONManaging director
TROIS SANS TROISDirector

Go to Board & ownership

Network & group

Subsidiaries, all levels: 2
Direct holdings: 1
Connected companies: 22
Mergers and asset contributions: 1

2 subsidiaries

Go to Network & group

Timeline

Events: 36
Since: 2011
Next accounts: by 31-07-2027

17-07-2025Annual accounts filed
31-12-2024Weakest financial year
18-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Public limited company
Activity: Rental and leasing activitiesNACE 77222
Founded: 27-07-2009
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 2

Purpose: “Toutes les opérations se rattachant directement ou indirectement aux activités suivantes…” (deed in French)

Go to Articles of association

Key facts about TSF Belgique

What is the company number of TSF Belgique?: 0817.342.586. In Belgium the VAT number is the company number with BE in front: BE 0817.342.586.
Where is TSF Belgique based?: The registered office is at Avenue de l'Energie 25, 4432 Ans.Company details
What does TSF Belgique do?: According to the KBO register, the main activity is rental and leasing activities (NACE 77222).
What is the legal form of TSF Belgique?: Public limited company (NV).
When was TSF Belgique founded?: On 27-07-2009.
Is TSF Belgique still active?: Yes, TSF Belgique is an active enterprise in the KBO register.
How many employees does TSF Belgique have?: On average 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TSF Belgique?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is TSF Belgique profitable?: In financial year 2025, TSF Belgique made a loss of €31,409.
Where can I find the annual accounts of TSF Belgique?: TSF Belgique filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TSF Belgique due?: By 31-07-2027, for financial year 2026.Timeline