What does TIFRASS do?

TIFRASS is filed with the CBE under the catch-all “Agenten en makelaars in bankdiensten”. Also registered: insurance broker. Private Limited, started on 27 December 1989, 1 establishment.

What is the address of TIFRASS?

The registered office of TIFRASS is located at Stationsstraat 64, 1840 Londerzeel.

Is TIFRASS still active?

Yes. According to the CBE (30 October 2026) TIFRASS is active, legal situation “Normale toestand”, started on 27 December 1989.

Is TIFRASS registered on Peppol?

Yes, TIFRASS is registered on the Peppol network with ID 0208:0439706146.

What is the enterprise number of TIFRASS?

The enterprise number of TIFRASS is BE0439706146.

When was TIFRASS founded?

TIFRASS was founded on 27 December 1989.

Who are the directors of TIFRASS?

According to the 2025 annual accounts, the directors of TIFRASS are: Belmarc BV, Milar Consult BV.

Is TIFRASS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 December 1989; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did TIFRASS make in 2025?

TIFRASS posted a profit after taxes of € 120,568 in financial year 2025.

What is the revenue of TIFRASS?

As a small company, TIFRASS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 569,442.

How much does an employee at TIFRASS earn?

The average wage cost per full-time employee at TIFRASS was € 64,700 in 2025: staff costs of € 297,498 for 4.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TIFRASS have?

According to the 2025 annual accounts, TIFRASS has 4.6 full-time equivalents (FTE).

TIFRASS (Private Limited) - Londerzeel - BE0439706146

Dossier TIFRASS, printed on 30 October 2026 from databakkes.be/en/0439706146/tifrass. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TIFRASS from Londerzeel, company number BE0439706146, closed financial year 2025 with a result of € 120,568 after tax. For that financial year TIFRASS recorded a gross margin of € 569,442 and equity of € 585,331. Compared with financial year 2024, the result moved from € 108,525 to € 120,568. 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 June 2, 2026.

What it is worth Growing

€ 585,331

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 120,568

▲ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 258,897

▼ 1% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 84,397 paid out

70 % of the profit went to the shareholders, mostly to BELCREAS (75 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

4.6

▲ 1.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 297,498

▲ 122% vs 2024

€ 64,700 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.

Vehicles and equipment

€ 110,136

▲ € 92,108 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 469,780

▲ 2% vs 2024

€ 80,671 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 32,644

▲ 5% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 34,534

▼ 12% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 263,222 Gross margin 2022: € 263,222 First fiscal year in the series	€ 320,082 Gross margin 2023: € 320,082 ▲ 22% vs 2022 (€ 263,222) Favourable step	€ 338,470 Gross margin 2024: € 338,470 ▲ 6% vs 2023 (€ 320,082) Favourable step	€ 569,442 Gross margin 2025: € 569,442 ▲ 68% vs 2024 (€ 338,470) Favourable step	▲ 68%
Profit after taxes	€ 2,460 Profit after taxes 2022: € 2,460 First fiscal year in the series	€ 83,326 Profit after taxes 2023: € 83,326 ▲ € 80,866 vs 2022 (€ 2,460) Favourable step	€ 108,525 Profit after taxes 2024: € 108,525 ▲ 30% vs 2023 (€ 83,326) Favourable step	€ 120,568 Profit after taxes 2025: € 120,568 ▲ 11% vs 2024 (€ 108,525) Favourable step	▲ 11%
Equity	€ 433,277 Equity 2022: € 433,277 First fiscal year in the series	€ 516,603 Equity 2023: € 516,603 ▲ 19% vs 2022 (€ 433,277) Favourable step	€ 549,160 Equity 2024: € 549,160 ▲ 6% vs 2023 (€ 516,603) Favourable step	€ 585,331 Equity 2025: € 585,331 ▲ 7% vs 2024 (€ 549,160) Favourable step	▲ 7%
Total debts	€ 389,263 Total debts 2022: € 389,263 First fiscal year in the series	€ 382,616 Total debts 2023: € 382,616 ▼ 2% vs 2022 (€ 389,263) Favourable step	€ 607,244 Total debts 2024: € 607,244 ▲ 59% vs 2023 (€ 382,616) Unfavourable step	€ 621,455 Total debts 2025: € 621,455 ▲ 2% vs 2024 (€ 607,244) Unfavourable step	▲ 2%
Cash	€ 193,983 Cash 2022: € 193,983 First fiscal year in the series	€ 298,779 Cash 2023: € 298,779 ▲ 54% vs 2022 (€ 193,983) Favourable step	€ 260,708 Cash 2024: € 260,708 ▼ 13% vs 2023 (€ 298,779) Unfavourable step	€ 258,897 Cash 2025: € 258,897 ▼ 1% vs 2024 (€ 260,708) Unfavourable step	▼ 1%
Land & buildings	€ 431,211 Land & buildings 2022: € 431,211 First fiscal year in the series	€ 416,145 Land & buildings 2023: € 416,145 ▼ 3% vs 2022 (€ 431,211) Unchanged	€ 415,376 Land & buildings 2024: € 415,376 Unchanged (€ 416,145) Unchanged	€ 411,939 Land & buildings 2025: € 411,939 ▼ 1% vs 2024 (€ 415,376) Unchanged	▼ 1%
Retained profit	€ 391,917 Retained profit 2022: € 391,917 First fiscal year in the series	€ 475,243 Retained profit 2023: € 475,243 ▲ 21% vs 2022 (€ 391,917) Favourable step	€ 507,800 Retained profit 2024: € 507,800 ▲ 7% vs 2023 (€ 475,243) Favourable step	€ 543,971 Retained profit 2025: € 543,971 ▲ 7% vs 2024 (€ 507,800) Favourable step	▲ 7%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 75,967 Dividend 2024: € 75,967 Unchanged (€ 0) Unchanged	€ 84,397 Dividend 2025: € 84,397 ▲ 11% vs 2024 (€ 75,967) Unchanged	▲ 11%
Bank debt	€ 290,365 Bank debt 2022: € 290,365 First fiscal year in the series	€ 251,467 Bank debt 2023: € 251,467 ▼ 13% vs 2022 (€ 290,365) Favourable step	€ 461,019 Bank debt 2024: € 461,019 ▲ 83% vs 2023 (€ 251,467) Unfavourable step	€ 469,780 Bank debt 2025: € 469,780 ▲ 2% vs 2024 (€ 461,019) Unfavourable step	▲ 2%
Balance sheet total	€ 822,540 Balance sheet total 2022: € 822,540 First fiscal year in the series	€ 899,219 Balance sheet total 2023: € 899,219 ▲ 9% vs 2022 (€ 822,540) Unchanged	€ 1,156,404 Balance sheet total 2024: € 1,156,404 ▲ 29% vs 2023 (€ 899,219) Unchanged	€ 1,206,786 Balance sheet total 2025: € 1,206,786 ▲ 4% vs 2024 (€ 1,156,404) Unchanged	▲ 4%
Employees (FTE)	1.3 Employees (FTE) 2022: 1.3 First fiscal year in the series	1 Employees (FTE) 2023: 1 ▼ 0.3 vs 2022 (1.3) Unchanged	3.5 Employees (FTE) 2024: 3.5 ▲ 2.5 vs 2023 (1) Unchanged	4.6 Employees (FTE) 2025: 4.6 ▲ 1.1 vs 2024 (3.5) Unchanged	▲ 1.1

Key figures of TIFRASS, 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 TIFRASS?

What happened at TIFRASS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 2, 2026 New annual accounts for financial year 2025: profit of € 120,568 (▲ 11% vs 2024). Source: NBB ↗
2024 Belmarc BV became a director. NBB
2024 Milar Consult BV became a director. NBB
Feb 21, 1990 New establishment in Londerzeel. KBO
Dec 27, 1989 Start of the company according to the CBE. KBO

In short

From € 2,460 profit in 2022 to € 120,568 profit in 2025.

Paid € 112,258 in corporate taxes since 2022.

Best year ever: 2025, with € 120,568 profit.

On average € 123,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

BELCREAS 75%

COVER ONE 10%

Kantoor Vermuyten 5%

The stake of BELCREAS, COVER ONE, Kantoor Vermuyten comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TIFRASS

Behind TIFRASS are Belmarc BV and Milar Consult BV. The shares are held by BELCREAS (75%), COVER ONE (10%) and Kantoor Vermuyten (5%).

Directors

According to the 2025 annual accounts

Belmarc BV

Director · represented by Marc Schelfhout

Also active at: BELCREAS

since 2024

Milar Consult BV

Director · represented by Kevin Schelfhout

Also active at: BELCREAS

since 2024

Shareholders

BELCREAS

75%

COVER ONE

10%

Kantoor Vermuyten

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Stationsstraat 64

1840 Londerzeel

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0439.706.146

VAT number

BE 0439.706.146

Registered office

Stationsstraat 64, 1840 Londerzeel

Names & denominations

TIFRASS

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 December 1989

Peppol

Active · Active since 16 Sept 2026

Activities · NACE

Agenten en makelaars in bankdiensten

Activiteiten van verzekeringsagenten en -makelaars

View on CBE Public ↗ Annual accounts (NBB) ↗

TIFRASS

Financials

What happened to TIFRASS?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions