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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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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TPF UTILITIES from Vorst, company number BE0406406442, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year TPF UTILITIES recorded revenue of € 32.3 million and equity of € 8.2 million. Compared with financial year 2024, the result moved from € 344,468 to € 1.2 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 August 23, 2026.
€ 8.2 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 234% vs 2024
Profit after tax over the fiscal year.
€ 409,305
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.7 million.
People and assets in 2025
118.6
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.8 million
▲ 9% vs 2024
€ 82,600 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.
€ 70,768
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 5.2 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 2.3 million
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,733,713 | € 28,846,885 | € 30,240,506 | € 32,336,533 | ▲ 7% |
| Profit after taxes | € 62,587 | € 2,046,066 | € 344,468 | € 1,150,361 | ▲ 234% |
| Equity | € 4,649,720 | € 6,695,786 | € 7,040,254 | € 8,190,615 | ▲ 16% |
| Total debts | € 10,922,797 | € 13,888,299 | € 10,702,868 | € 11,873,383 | ▲ 11% |
| Cash | € 2,161,744 | € 2,000,761 | € 3,306,742 | € 409,305 | ▼ 88% |
| Land & buildings | € 1 | € 1 | € 1 | € 1 | |
| Retained profit | € 1,124,720 | € 3,170,786 | € 3,515,254 | € 4,665,615 | ▲ 33% |
| Bank debt | € 4,838,308 | € 5,469,884 | € 1,387,951 | € 1,186,986 | ▼ 14% |
| Balance sheet total | € 15,572,517 | € 20,584,085 | € 17,768,122 | € 20,088,998 | ▲ 13% |
| Employees (FTE) | 94.5 | 108.2 | 120.7 | 118.6 | ▼ 2.1 |
Key figures of TPF UTILITIES, 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 TPF UTILITIES?
What happened at TPF UTILITIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- THOMAS MR.SPITAELS stepped down as director. NBB
- STRATOS CONSULT SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ 234% vs 2024). filed late Source: NBB ↗
- THOMAS MR.SPITAELS became a director. NBB
- STRATOS CONSULT SA became a director. NBB
- New establishment in Melle. KBO
- New establishment in Grâce-Hollogne. KBO
- New establishment in Charleroi. KBO
In short
From € 62,587 profit in 2022 to € 1.2 million profit in 2025.
Paid € 991,570 in corporate taxes since 2022.
Best year ever: 2023, with € 2 million profit.
Pays suppliers within 87 days on average.
Management
The shares are held by SA TPF (100%) and SA TPF-ENGINEERING (0%). It owns 100% of TPF-ECONOLER itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Managing director · represented by CHRISTOPHE GILAIN
since 2022 · until 2028
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
de Haveskerckelaan 46
1190 Vorst
Gontrode Heirweg 148A
9090 Melle
Active since 1 January 2022
Rue de l'Informatique 22
4460 Grâce-Hollogne
Active since 1 January 2022
Chaussée Impériale 97
6060 Charleroi
Active since 1 January 2022
Victor Oudartstraat 7
1030 Schaarbeek
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →T.P.F. - ENGINEERING same network
€ 11.7 million revenue · 2025
TPF CONTRACTING
€ -64 gross margin · 2024
SOCIETE CAROLOREGIENNE DE GESTION THERMIQUE
T.P.F. same network
€ 9.1 million revenue · 2025
STRATOS CONSULT same network
€ 122,162 gross margin · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.406.442
- VAT number
- BE 0406.406.442
- Registered office
- de Haveskerckelaan 46, 1190 Vorst
- Names & denominations
- TPF UTILITIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
Afvalwaterafvoer
Afvalwaterinzameling en -behandeling
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Bouw van rioleringen
Bouw van water- en gasdistributienetten
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit