Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
T.P.F. from Vorst, company number BE0435170803, closed financial year 2025 with a result of € 4.1 million after tax. For that financial year T.P.F. recorded revenue of € 9.1 million and equity of € 62.7 million. Compared with financial year 2024, the result moved from € 2.4 million to € 4.1 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 28, 2026.
€ 62.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.1 million
▲ 72% vs 2024
Profit after tax over the fiscal year.
€ 992,886
▲ 158% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4 million paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
12.6
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 18% vs 2024
€ 116,200 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.
€ 217,586
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 66.1 million
▲ 21% vs 2024
€ 6.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3.3 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 164 days on average.
€ 211,579
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,137,132 | € 13,332,729 | € 8,874,671 | € 9,105,533 | ▲ 3% |
| Profit after taxes | € 4,003,956 | € 3,725,786 | € 2,380,929 | € 4,088,539 | ▲ 72% |
| Equity | € 56,272,078 | € 60,247,427 | € 62,628,356 | € 62,690,530 | |
| Total debts | € 81,983,943 | € 84,513,675 | € 74,760,349 | € 85,792,517 | ▲ 15% |
| Cash | € 179,057 | € 1,177,088 | € 384,334 | € 992,886 | ▲ 158% |
| Retained profit | € 32,574,422 | € 35,299,771 | € 37,680,700 | € 37,742,874 | |
| Dividend | € 0 | € 1,000,437 | € 0 | € 4,026,365 | |
| Bank debt | € 56,198,170 | € 48,375,541 | € 54,557,678 | € 66,064,964 | ▲ 21% |
| Balance sheet total | € 138,256,021 | € 144,761,102 | € 137,388,704 | € 148,483,047 | ▲ 8% |
| Employees (FTE) | 9.4 | 9.9 | 11.2 | 12.6 | ▲ 1.4 |
Key figures of T.P.F., 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 T.P.F.?
What happened at T.P.F. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.1 million (▲ 72% vs 2024). Source: NBB ↗
- Edouard Gilain became a director. NBB
- Delphine Spitaels became a director. NBB
- Isabelle Stoffels became a director. NBB
- José Santos became a director. NBB
- Luc Bertrand became a director. NBB
- Aurore Mme Spitaels became a director. NBB
- New establishment in Vorst. KBO
In short
From € 4 million profit in 2022 to € 4.1 million profit in 2025.
Paid € 6,116 in corporate taxes since 2022.
Best year ever: 2025, with € 4.1 million profit.
Paid out € 5 million in dividends to the owners in total.
A new publication or filing at T.P.F.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind T.P.F. are Edouard Gilain, José Santos, THOMAS MR.SPITAELS, Delphine Spitaels, RIK MR VANDENBERGHE and CHRISTOPHE MR.GILAIN. The shares are held by Arnab Engineering And Solutions SL, Thomas Spitaels , WM Management, TPF Holding, Angel Luis Marquez Chamorro and Jorge Santamaria Cases. It owns 100% of NUEVA ECONOLER SPAIN, 100% of TPF Ingenierie ROUMANIE, 100% of TPF zoo, 100% of TPF CONSULTORES, 100% of TPF CONCESSIONS and 100% of TPF TUNISIE itself.
Directors
According to the 2025 annual accounts
Edouard Gilain
Director
since 2026
José Santos
Managing director
since 2024
THOMAS MR.SPITAELS
Director
Delphine Spitaels
Director
since 2026
RIK MR VANDENBERGHE
Director
Isabelle Stoffels
Director
since 2026
Luc Bertrand
Director
since 2024
Aurore Mme Spitaels
Director
since 2022
Shareholders
Arnab Engineering And Solutions SL
Thomas Spitaels
Angel Luis Marquez Chamorro
Jorge Santamaria Cases
Christophe Gilain
Juan Pablo Gutiérrez Segura
Héritiers Jose Luis Martinez Mazariegos
Jose Manuel Vacas Munoz
Ramon Maria Lopez Arrieta
Juan Zapardiel Garcia
Oscar Chamorro MERA
Participations
NUEVA ECONOLER SPAIN
100%
TPF Ingenierie ROUMANIE
100%
TPF zoo
100%
TPF CONSULTORES
100%
100%
TPF TUNISIE
100%
TPF INGENIERIE
100%
TPF SETICO INTERNATIONAL
100%
100%
100%
100%
99.9%
TPF Getinsa Euroestudios
99.2%
TPF Enginneering Tunisie
99%
TPF ENGENHARIA
98.8%
98.4%
TPF ALGERIE
77%
TPF UKRAINE
75%
SYNERGIA
53.8%
CETEST PRIVATE LIMITED
51.2%
UKRDESIGNGROUP
51%
TPF ENGINEERING PVT LTD
51%
SN BHOBE
51%
CET INFRA
50%
GALICIA APARTMENT
25.3%
TPF MOZAMBIQUE
2.5%
Establishments
Establishment units
Physical locations of this company
de Haveskerckelaan 46
1190 Vorst
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 same network
€ -64 gross margin · 2024
TPF UTILITIES same network
€ 32.3 million revenue · 2025
SOCIETE CAROLOREGIENNE DE GESTION THERMIQUE same network
STRATOS CONSULT
€ 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
- 0435.170.803
- VAT number
- BE 0435.170.803
- Registered office
- de Haveskerckelaan 46, 1190 Vorst
- Names & denominations
- T.P.F.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 1988
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
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