T.F.E.
ActiveThe annual accounts of T.F.E. for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €111k and a net result of €-145k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 9623 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-38
Solvency35▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.68 against 0.89 in 2023; short-term debt: 46.1% and cash: 2.2% of total assets), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.6%
Return on assets
-12.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
26 d early
2022
11 d late
2021
61 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€111k▼ 56.6%
2023 · €256k
2018: €96k
2019: €97k
2020: €118k
2021: €124k
2022: €245k
2023: €256k
2018 → 2024
Total assets
€1.16M▼ 16.1%
2023 · €1.38M
2018: €273k
2019: €262k
2020: €236k
2021: €646k
2022: €1.12M
2023: €1.38M
2018 → 2024
Net result
€-145k
2023 · €11k
2018: €12k
2019: €12k
2020: €21k
2021: €6k
2022: €121k
2023: €11k
2018 → 2024
Working capital
€-169k▼ 150%
2023 · €-68k
2018: €61k
2019: €79k
2020: €82k
2021: €-17k
2022: €100k
2023: €-68k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€118k-€124k▲ 5.3%€245k▲ 97.5%€256k▲ 4.4%€111k▼ 56.6%
Operating result€35k-€17k▼ 52.5%€169k▲ 908%€38k▼ 77.3%€-102k
Net result€21k-€6k▼ 70.3%€121k▲ 1,836%€11k▼ 91.1%€-145k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €102k after €38k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.16M
Fixed assets
€793k▼ 1.7%
Current assets
€365k▼ 36.3%
Equity and liabilities €1.16M
Equity
€111k▼ 56.6%
Debt
€1.05M▼ 6.9%
The debt ratio rises from 81.5% to 90.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-56k▼
2023 · €80k
Cash flow
€-99k▼
2023 · €53k
Solvency
9.6%▼
2023 · 18.5%
Current ratio
0.68▼
2023 · 0.89
Quick ratio
0.23▼
2023 · 0.27
Debt / equity
9.45▲
2023 · 4.40
ROE
-130.6%▼
2023 · 4.2%
ROA
-12.5%▼
2023 · 0.8%
Interest coverage
-1.31▼
2023 · 2.54
Debt
€1.05M▼
2023 · €1.12M
Debt ≤ 1 year
€534k▼
2023 · €641k
Debt > 1 year
€511k▲
2023 · €482k
Income taxes
€279▲
2023 · €-4k
Staff costs
€137k▲
2023 · €123k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.38M€1.16M▼
Fixed assets21/28€807k€793k▼
Intangible fixed assets21€611€326▼
Tangible fixed assets22/27€806k€792k▼
Land and buildings22€727k€701k▼
Plant, machinery and equipment23€27k€28k▲
Furniture and vehicles24€52k€63k▲
Financial fixed assets28€300€300=
Current assets29/58€573k€365k▼
Stocks and contracts in progress3€402k€244k▼
Stocks30/36€402k€244k▼
Amounts receivable within one year40/41€155k€86k▼
Trade receivables40€123k€72k▼
Other amounts receivable41€32k€14k▼
Cash at bank and in hand54/58€12k€25k▲
Deferred charges and accrued income490/1€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.16M▼
Equity10/15€256k€111k▼
Contributions10/11€19k€19k=
Reserves13€161k€159k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€161k€159k▼
Profit (loss) carried forward14€76k€-67k▼
Amounts payable17/49€1.12M€1.05M▼
Amounts payable after more than one year17€482k€511k▲
Financial debts170/4€482k€511k▲
Amounts payable within one year42/48€641k€534k▼
Current portion of amounts payable after more than one year42€39k€59k▲
Financial debts43€160k€100k▼
Credit institutions430/8€160k€100k▼
Trade debts44€259k€182k▼
Suppliers440/4€259k€182k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€29k€35k▲
Taxes450/3€7k€6k▼
Remuneration and social security454/9€23k€29k▲
Other amounts payable47/48€153k€152k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€35k€0▼
Remuneration, social security and pensions62€123k€137k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€46k▲
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A€2k€5k▲
Gross operating margin9900€211k€93k▼
Operating profit (loss)9901€38k€-102k▼
Financial income75/76B€0€44▲
Recurring financial income75€0€44▲
Financial charges65/66B€32k€43k▲
Recurring financial charges65€32k€43k▲
Profit (loss) for the period before taxes9903€7k€-144k▼
Income taxes67/77€-4k€279▲
Profit (loss) for the period9904€11k€-145k▼
Profit (loss) for the period to be appropriated9905€11k€-145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€-69k▼
Profit (loss) brought forward from the previous period14P€76k€76k=
Transfer from equity791/2-€2k
Transfer to equity691/2€11k€0▼
To other reserves6921€11k€0▼
Social balance
Average headcount (FTE)90873.23.1▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-145k ▼1441%
Net result drops to €-145k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €121k ▲1836%
Operating result €169k, net result €121k, both a record.
31-12
Financial
Equity above €200kEq €245k ▲97.5%
5 profitable years in a row build equity to €245k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €118k ▲21.7%
3 profitable years in a row build equity to €118k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-12-2014
Resigned as Manager
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2001
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.
Gentse steenweg 1969300 AalstGround area
2,744 m²
Building footprint
328 m²
Volume, LiDAR
1,803 m³
2 parcels, Flanders · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TRANS FLANDERS EXPRESS
since 20012.095.274.531
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C1532/00A000 | Flanders | 2,581 m² | 1 · 165 m² | - |
| 41302C0996/00A003 | Flanders | 163 m² | 1 · 163 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 99 EUR awarded · 99 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 99 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsBinnenschrijnwerk en interieur duaal (so)
Medewerker hout duaal (so)
Similar companies · same sector, comparable size
VALEN CONCEPT
BE 0757.957.307
Stoumont · Eq €111k
SCHOENENPALEIS
BE 0420.898.935
Ieper · Eq €111k
CHARLINE
BE 0461.944.979
Brecht · Eq €110k
GALOCHE
BE 0460.442.469
Herentals · Eq €112k
LALOUX & C°
BE 0716.860.385
Elsene · Eq €113k
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 456 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2001
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
47721Retail sale of footwear
47714Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.