Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TORFS L. from Temse, company number BE0404054092, closed financial year 2025 with a result of € 9.9 million after tax. For that financial year TORFS L. recorded revenue of € 172.5 million and equity of € 36.7 million. Compared with financial year 2024, the result moved from € 6.6 million to € 9.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 36.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.9 million
▲ 50% vs 2024
Profit after tax over the fiscal year.
€ 919,661
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 9.4 million paid out
94 % of the profit went to the shareholders, mostly to TORFS IMPORT SERVICE (100 % of the shares). That is where the money ends up.
People and assets in 2025
521.9
▲ 10.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 33.5 million
▲ 4% vs 2024
€ 64,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.1 million
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.8 million
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 8.9 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 156,313,585 | € 164,004,987 | € 170,557,703 | € 172,480,550 | ▲ 1% |
| Profit after taxes | € 5,783,027 | € 4,547,809 | € 6,615,146 | € 9,934,285 | ▲ 50% |
| Equity | € 33,165,944 | € 35,994,070 | € 36,180,481 | € 36,734,700 | ▲ 2% |
| Total debts | € 31,620,972 | € 23,832,836 | € 27,586,976 | € 29,571,252 | ▲ 7% |
| Cash | € 12,807,120 | € 2,274,287 | € 763,129 | € 919,661 | ▲ 21% |
| Land & buildings | € 4,684,736 | € 4,245,021 | € 3,770,868 | € 3,327,470 | ▼ 12% |
| Retained profit | € 24,005,944 | € 26,834,070 | € 27,020,481 | € 27,574,700 | ▲ 2% |
| Dividend | € 1,891,088 | € 1,719,683 | € 6,428,735 | € 9,380,066 | ▲ 46% |
| Bank debt | € 1,212,286 | € 1,212,286 | € 1,212,286 | € 0 | ▼ 100% |
| Balance sheet total | € 66,360,578 | € 61,435,071 | € 65,550,861 | € 67,974,659 | ▲ 4% |
| Employees (FTE) | 514.1 | 510.9 | 511.5 | 521.9 | ▲ 10.4 |
Key figures of TORFS L., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TORFS L.?
What happened at TORFS L. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Creative Property Management stepped down as director. NBB
- Torfs Import Service NV NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.9 million (▲ 50% vs 2024). Source: NBB ↗
- Vole BV BV stepped down as director. NBB
- New establishment in Gent. KBO
- New establishment in Maldegem. KBO
- Van Key Consulting BV stepped down as director. NBB
- New establishment in Mechelen. KBO
In short
From € 5.8 million profit in 2022 to € 9.9 million profit in 2025.
Paid € 7.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 9.9 million profit.
Paid out € 19.4 million in dividends to the owners in total.
Management
The stake of TORFS IMPORT SERVICE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TORFS L.The shares are held by TORFS IMPORT SERVICE (100%). It owns 75% of Torfs Energies itself.
Directors
According to the 2025 annual accounts
Director · represented by Stijn De Knop
since 2020 · until 2026
Director · represented by Luc De Baets
since 2023 · until 2028
Director · represented by Els Vann Keymeulen
· until 2025
Managing director · represented by Lise Conix
Also active at: RetailSonar
since 2021 · until 2027
Shareholders
100%
Participations
75%
Establishments
Establishment units
Physical locations of this company
Afschrijverslaan 2
9140 Temse
Stationsstraat 82 box M
9900 Eeklo
Active since 1 October 1969
Leuvenselaan 474
3300 Tienen
Active since 1 December 1957
Boomlaarstraat 309 box E
2500 Lier
Active since 1 December 1948
IJzerenleen 47 4
2800 Mechelen
Active since 26 June 1997
Stationsstraat 86
2220 Heist-op-den-Berg
Active since 26 June 1997
Kapellestraat 24
8400 Oostende
Active since 1 April 1963
Gasthuisstraat 45
2300 Turnhout
Active since 1 January 1956
Rozenberg 98 A
2400 Mol
Active since 1 February 1957
Westerring 45
9700 Oudenaarde
Active since 1 January 1997
Dorpsstraat 100
9800 Deinze
Active since 1 March 2003
Hasseltweg 85
3600 Genk
Active since 1 January 1994
Maalse Steenweg 238
8310 Brugge
Active since 1 January 1997
Gouden Kruispunt 65
3390 Tielt-Winge
Active since 1 January 1998
Spoorweglaan 15
8793 Waregem
Active since 11 October 2002
Turnhoutsebaan 5
2110 Wijnegem
Active since 14 February 2002
Antwerpse Steenweg 73
9080 Lochristi
Active since 28 August 2003
Sint-Jozefsstraat 10 box 3
3500 Hasselt
Active since 15 October 2003
Antwerpseweg 74 box F
2440 Geel
Active since 25 September 2003
Mechelsesteenweg 186
2650 Edegem
Active since 25 October 2003
Kapelstraat 100 box sho7
9100 Sint-Niklaas
Active since 26 March 2004
Torhoutsesteenweg 682
8400 Oostende
Active since 1 July 2004
Brugsesteenweg 337
8800 Roeselare
Active since 14 April 2005
Buitensingel 60 box 1
3920 Lommel
Active since 22 April 2005
Ringlaan(Kor) 34 box 201
8500 Kortrijk
Active since 22 October 2004
Antwerpsesteenweg 7
2630 Aartselaar
Active since 26 October 2005
Godveerdegemstraat 183
9620 Zottegem
Active since 30 March 2006
Sint-Idesbaldusstraat 27 box A
8630 Veurne
Active since 1 March 2007
Meir 29
2000 Antwerpen
Active since 30 August 2007
Schonekeerstraat 183 box B
8930 Menen
Active since 21 September 2007
Zelebaan 73 box B
9160 Lokeren
Active since 12 October 2007
Oosterzelesteenweg 5 box 1
9230 Wetteren
Active since 7 March 2008
P. Devauxstraat 19-23
8370 Blankenberge
Active since 29 February 2008
Paalsesteenweg 201
3583 Beringen
Active since 4 September 2008
Legeweg 146
8200 Brugge
Active since 13 June 2008
Kareelstraat 130
9300 Aalst
Active since 25 February 2009
Warande(BEV) 37-38
9120 Beveren
Active since 19 February 2009
Industrieweg 1 C
3190 Boortmeerbeek
Active since 1 April 2009
Kwadensteenweg 2
3800 Sint-Truiden
Active since 17 September 2009
Krekelmotestraat 62 box 13
8870 Izegem
Active since 20 August 2009
Diestsestraat 32
3000 Leuven
Active since 2 January 2010
Brusselsesteenweg 494
3090 Overijse
Active since 2 January 2010
Mechelsesteenweg 13
9200 Dendermonde
Active since 12 June 2010
Wallekensstraat 24
9051 Gent
Active since 19 June 2010
Steenweg 538
9470 Denderleeuw
Active since 3 April 2010
Steenpoort(Kor) 2 box 129
8500 Kortrijk
Active since 11 March 2010
Sint Lenaartseweg 22
2320 Hoogstraten
Active since 25 August 2010
Brugsesteenweg 37
8450 Bredene
Active since 15 September 2010
Koninginnelaan(E) 115
3630 Maasmechelen
Active since 8 October 2011
Rijksweg(BOR) 11
2880 Bornem
Active since 22 June 2011
Sportlaan 40
3960 Bree
Active since 24 April 2012
Luikersteenweg 151 box 8
3700 Tongeren-Borgloon
Active since 18 August 2012
Steenweg op Gierle 339
2300 Turnhout
Active since 11 April 2012
Gistelsteenweg 218 box 1B
8490 Jabbeke
Active since 22 February 2013
Steegstraat 52
2490 Balen
Active since 8 March 2013
Kortrijkstraat 341 box 2
8560 Wevelgem
Active since 1 May 2013
Rijselsepoort 35
8900 Ieper
Active since 26 June 2013
Vilvoordsesteenweg 170
1860 Meise
Active since 31 October 2013
Hendrik van Veldekesingel 1A
3500 Hasselt
Active since 20 August 2014
Astridlaan(Sch) 66 box B
9500 Geraardsbergen
Active since 22 August 2014
Ridderstraat 6 box B
3360 Bierbeek
Active since 18 April 2014
Robert Dansaertlaan 9D
1702 Dilbeek
Active since 3 April 2015
Rodendijk 20
2980 Zoersel
Active since 6 November 2015
Herentalsebaan 247
2150 Antwerpen
Active since 29 September 2017
Deboecklaan (René) 2
1500 Halle
Active since 6 December 2017
Brusselsesteenweg 244 C
9280 Lebbeke
Active since 26 August 2018
Stationsstraat 82J
9900 Eeklo
Active since 5 December 2018
Marche, Chaussée de Liège 51
6900 Marche-en-Famenne
Active since 28 February 2019
Oostendestraat 260-262
8820 Torhout
Active since 25 June 2019
Morettestraat 20
1740 Ternat
Active since 8 November 2018
Oud-Strijderslaan (HRT) 5
2200 Herentals
Active since 21 May 2020
Brusselsesteenweg 662
9050 Gent
Active since 13 November 2020
Rue Saint-Jacques 333
5500 Dinant
Active since 19 August 2020
Leuvensesteenweg 88
3290 Diest
Active since 5 March 2021
Koning Leopoldlaan 2 box A
9990 Maldegem
Active since 25 February 2026
Langemunt 7-9
9000 Gent
Active since 6 March 2026
Bredabaan 960
2900 Schoten
Active since 15 October 2021
Brakelsesteenweg(App) 160A
9400 Ninove
Active since 21 August 2024
Grote Baan 19
3530 Houthalen-Helchteren
Active since 11 October 2024
Elektriciteitstraat 39
2800 Mechelen
Active since 12 September 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.054.092
- VAT number
- BE 0404.054.092
- Registered office
- Afschrijverslaan 2, 9140 Temse
- Names & denominations
- TORFS L.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 1948
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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