TORFS STEFAAN
ActiveSummary
TORFS STEFAAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 86% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 20.17 against 22.54 in 2024; short-term debt: 3% and cash: 57.2% of total assets), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.9%
Return on assets
-0.4%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
12 d early
2023
5 d early
2022
3 d early
2021
13 d early
2020
15 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€577k▼ 0.5%
2024 · €580k
2018: €520k
2019: €520k
2020: €520k
2021: €535k
2022: €547k
2023: €563k
2024: €580k
2018 → 2025
Total assets
€664k▼ 9.9%
2024 · €737k
2018: €863k
2019: €732k
2020: €734k
2021: €746k
2022: €758k
2023: €779k
2024: €737k
2018 → 2025
Net result
€-3k
2024 · €17k
2018: €23k
2019: €64
2020: €252
2021: €14k
2022: €13k
2023: €15k
2024: €17k
2018 → 2025
Working capital
€388k▼ 9.3%
2024 · €427k
2018: €415k
2019: €445k
2020: €474k
2021: €517k
2022: €556k
2023: €573k
2024: €427k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€535k-€547k▲ 2.4%€563k▲ 2.8%€580k▲ 3.0%€577k▼ 0.5%
Operating result€20k-€18k▼ 12.1%€20k▲ 12.4%€21k▲ 5.2%€-4k
Net result€14k-€13k▼ 12.4%€15k▲ 20.6%€17k▲ 11.4%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €21k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664k
Fixed assets
€256k ▼ 11.6%
Current assets
€408k ▼ 8.8%
Equity and liabilities €664k
Equity
€577k ▼ 0.5%
Provisions
€67k ▼ 51.1%
Debt
€20k ▼ 2.2%
Debt's share of the balance-sheet total rises from 2.8% to 3.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29k▼
2024 · €41k
Cash flow
€31k▼
2024 · €38k
Current ratio
20.17▼
2024 · 22.54
Debt to equity
0.04▼
2024 · 0.04
ROE
-0.5%▼
2024 · 2.9%
ROA
-0.4%▼
2024 · 2.3%
Interest coverage
145.44▲
2024 · 103.63
Debt ≤ 1 year
€20k▲
2024 · €20k
Income taxes
€519▼
2024 · €6k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€737k€664k▼
Fixed assets21/28€289k€256k▼
Tangible fixed assets22/27€288k€255k▼
Land and buildings22€172k€164k▼
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€95k€73k▼
Financial fixed assets28€1k€1k=
Current assets29/58€447k€408k▼
Amounts receivable within one year40/41€25k€20k▼
Trade receivables40€23k€15k▼
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€417k€379k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€737k€664k▼
Equity10/15€580k€577k▼
Contributions10/11€372k€372k=
Reserves13€119k€119k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€103k€103k=
Profit (loss) carried forward14€88k€85k▼
Provisions and deferred taxes16€136k€67k▼
Provisions for liabilities and charges160/5€136k€67k▼
Pensions and similar obligations160€136k€67k▼
Amounts payable17/49€21k€20k▼
Amounts payable within one year42/48€20k€20k▲
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€13k€10k▼
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€403-
Accrued charges and deferred income492/3€909€73▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€34k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-60k€-70k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€-15k€-36k▼
Operating profit (loss)9901€21k€-4k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€400€202▼
Recurring financial charges65€400€202▼
Profit (loss) for the period before taxes9903€23k€-2k▼
Income taxes67/77€6k€519▼
Profit (loss) for the period9904€17k€-3k▼
Profit (loss) for the period to be appropriated9905€17k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€85k▼
Profit (loss) brought forward from the previous period14P€71k€88k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-3k ▼117%
Net result drops to €-3k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 29.99
Current ratio from 3.82 to 29.99; short-term debt falls from €147k to €15k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lier
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.
Kapucijnenvest 362500 LierGround area
121 m²
Building footprint
71 m²
Volume, LiDAR
515 m³
Parcel 12021K0289/00H000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12021K0289/00H000 | Flanders | 121 m² | 1 · 71 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CARON FRANKY
BE 0885.627.618
Roeselare · Eq €568k
ACOGEST
BE 0435.369.553
Wezembeek-Oppem · Eq €587k
Bedrijfsrevisor Bart Meganck
BE 0849.635.866
Lede · Eq €588k
YVES MERLIN
BE 0467.148.931
Ganshoren · Eq €565k
PLS, Réviseur d'Entreprises
BE 0828.561.330
Sankt Vith · Eq €593k
Of 944 companies in sector 69203 we hold annual accounts for 659. 499 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
Founded17-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
69203Activities of company auditors
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.