TFBK

Active

Private limited companyfounded 20233 yrs activePlace Pierre le Grand 5, 4900 Spa, BelgiumKBO/BCE: BE 0801.480.019

Summary

The computed 12-month bankruptcy probability of TFBK is 7.6% (elevated). The 2025 annual accounts show equity of €2k and a net result of €13k. Equity is growing by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 13305 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

47 / 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

Profitability93▲+59

Solvency27▲+27

Growth78=

Track record94

Bankruptcy probability, 12 months

7.6% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.96 against 0.59 in 2024; short-term debt: 97.5% and cash: 28.4% of total assets), and 97.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Higher-failure-rate region

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

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 3 filings

Deviation from the deadline

2025

26 d late

2024

55 d late

2023

23 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

24-09-2026 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

Financials · fiscal year 2025, micro schema

Equity

€2k

2024 · €-11k

2023: €-11k 2024: €-11k

2023 → 2025

Total assets

€66k▲ 264%

2024 · €18k

2023: €19k 2024: €18k

2023 → 2025

Net result

€13k▲ 22,896%

2024 · €55

2023: €-16k 2024: €55

2023 → 2025

Working capital

€-2k▲ 80.0%

2024 · €-12k

2023: €-7k 2024: €-12k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€-11k-€-11k▲ 0.5%€2k

Operating result€-16k-€1k€14k▲ 1,319%

Net result€-16k-€55€13k▲ 22,896%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 1,319% above 2024 and is the highest result in the available series.

Balance-sheet composition

Assets €66k

94.2%

Fixed assets €4k

Current assets €62k

Equity and liabilities €66k

97.5%

Equity €2k

Debt €64k

Debt finances 97.5% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15k▲

2024 · €2k

Cash flow

€14k▲

2024 · €717

Current ratio

0.96▲

2024 · 0.59

Quick ratio

0.81▲

2024 · 0.33

Debt to equity

39.27▲

2024 · -2.64

ROE

776.0%

ROA

19.3%▲

2024 · 0.3%

Interest coverage

9.75▲

2024 · 1.76

Debt ≤ 1 year

€64k▲

2024 · €29k

Staff costs

€42k▲

2024 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€18k€66k▲

Formation expenses20€909€247▼

Fixed assets21/28-€4k

Tangible fixed assets22/27-€4k

Plant, machinery and equipment23-€4k

Current assets29/58€17k€62k▲

Stocks and contracts in progress3€8k€10k▲

Stocks30/36€8k€10k▲

Amounts receivable within one year40/41€3k€33k▲

Trade receivables40€693€29k▲

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€7k€19k▲

Equity and liabilities

Total equity and liabilities10/49€18k€66k▲

Equity10/15€-11k€2k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-16k€-3k▲

Amounts payable17/49€29k€64k▲

Amounts payable within one year42/48€29k€64k▲

Trade debts44€27k€54k▲

Suppliers440/4€27k€54k▲

Taxes, remuneration and social security45€2k€4k▲

Taxes450/3€2k€3k▲

Remuneration and social security454/9€20€756▲

Other amounts payable47/48€12€7k▲

Income statement Code20242025

Remuneration, social security and pensions62€1k€42k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€662€947▲

Other operating charges640/8€2k€6k▲

Gross operating margin9900€5k€63k▲

Operating profit (loss)9901€1k€14k▲

Financial income75/76B-€4

Recurring financial income75-€4

Financial charges65/66B€948€2k▲

Recurring financial charges65€948€2k▲

Profit (loss) for the period before taxes9903€55€13k▲

Profit (loss) for the period9904€55€13k▲

Profit (loss) for the period to be appropriated9905€55€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€-3k▲

Profit (loss) brought forward from the previous period14P€-16k€-16k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 26 days late

2025

31-12

Financial Highest result since 2023net €13k ▲22896%

Operating result €14k, net result €13k, both a record.

24-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 55 days late

2024

31-12

Financial Back to profitnet €55

Net result €55 after one loss-making year.

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Spa · 3 establishment units since 2023

establishment All 3 establishment units on the map

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.

Place Pierre le Grand 54900 Spa

Ground area

8,454 m²

Building footprint

337 m²

Volume, LiDAR

3,683 m³

3 parcels, Wallonia · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.

3 establishment units

TFBK

Route du Lac de Warfa(SART) 20, 4845 JalhayWholesale of beverages, general range

since 20232.345.860.173

Flamingo

Place Pierre le Grand 7, 4900 SpaHoliday cottages, homes and apartments

since 20232.346.930.440

Flamingo café

Place Pierre le Grand 5, 4900 SpaCafés and bars

since 20242.381.881.124

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63068C0925/00F000	Wallonia	8,208 m²	1 · 162 m²	5.2 m · 1 fl.
63072G0835/00B000	Wallonia	132 m²	1 · 110 m²	19.0 m · 6 fl.
63072G0836/00B000	Wallonia	114 m²	1 · 65 m²	18.5 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Spa2.346.930.440

1 permission

Drankgelegenheid · since 19-07-2023

Similar companies · same sector, comparable size

NEGREPONTE

BE 0849.008.237

Sint-Joost-ten-Node · Eq €1,632

LES TROIS COPAINS D'ABORD

Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 1,531 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-05-2023

Fiscal year end31-12

Activities, NACEBEL 2025

56301Cafés and bars

46349Wholesale of beverages, general range

55204Guest rooms (bed and breakfast)

56210Event catering

56309Food and beverage service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.