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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
TITOF from Wemmel, company number BE0444624343, closed financial year 2023 with a result of € -43,261 after tax. For that financial year TITOF recorded a gross margin of € 19,740 and equity of € -95,494. Compared with financial year 2022, the result moved from € 23,488 to € -43,261. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 28, 2024.
€ -95,494
▼ € 43,261 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,261
▼ still € 23,488 profit in 2022
Profit after tax over the fiscal year.
€ 13
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -151,294.
People and assets in 2023
1
Average over the fiscal year, from the social balance sheet.
€ 54,250
▲ 60% vs 2022
€ 54,200 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.
€ 21,157
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 24,274
▲ 75% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 17,351
▲ 154% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 800 | € 59,474 | € 19,740 | ▼ 67% |
| Profit after taxes | € -443 | € 23,488 | € -43,261 | ▼ € 66,749 |
| Equity | € -75,721 | € -52,233 | € -95,494 | ▼ € 43,261 |
| Total debts | € 76,062 | € 97,518 | € 132,502 | ▲ 36% |
| Cash | € 341 | - | € 13 | |
| Retained profit | € -131,521 | € -108,033 | € -151,294 | ▼ € 43,261 |
| Balance sheet total | € 341 | € 45,285 | € 37,008 | ▼ 18% |
| Employees (FTE) | - | - | 1 |
Key figures of TITOF, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to TITOF?
What happened at TITOF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TITOF is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 43,261 (▼ € 66,749 vs 2022). Source: NBB ↗
- New establishment in Wemmel. KBO
- Start of the company according to the CBE. KBO
In short
From € 443 loss in 2021 to € 43,261 loss in 2023.
Paid € 1,942 in corporate taxes since 2021.
Best year ever: 2022, with € 23,488 profit.
On average € 19,700 of value added per employee in 2023.
Establishments
Establishment units
Physical locations of this company
de Limburg Stirumlaan 124
1780 Wemmel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.624.343
- VAT number
- BE 0444.624.343
- Registered office
- de Limburg Stirumlaan 124, 1780 Wemmel
- Names & denominations
- TITOF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 8 July 1991
- Peppol
- Active · Active since 29 Aug 2023
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening