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 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
T.P.F. HOLDING from Vorst, company number BE0466977497, closed financial year 2025 with a result of € 5.7 million after tax. For that financial year T.P.F. HOLDING recorded a gross margin of € -1,878 and equity of € 9.1 million. Compared with financial year 2024, the result moved from € 811,170 to € 5.7 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 29, 2026.
€ 9.1 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.7 million
▲ € 4.9 million vs 2024
Profit after tax over the fiscal year.
€ 10,869
▲ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.2 million paid out
73 % of the profit went to the shareholders, mostly to ALBATER (56 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.4 million
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -634 | € -234 | € -85 | € -1,878 | ▼ € 1,793 |
| Profit after taxes | € -2,114 | € -1,948 | € 811,170 | € 5,702,555 | ▲ € 4.9 million |
| Equity | € 7,505,081 | € 6,778,205 | € 7,589,375 | € 9,134,556 | ▲ 20% |
| Total debts | € 6,002,285 | € 8,543,398 | € 8,475,377 | € 6,445,512 | ▼ 24% |
| Cash | € 742 | € 1,765 | € 6,899 | € 10,869 | ▲ 58% |
| Retained profit | € 1,345,639 | € 618,763 | € 1,429,933 | € 2,975,114 | ▲ 108% |
| Dividend | € 0 | € 724,927 | € 0 | € 4,157,374 | |
| Balance sheet total | € 13,507,365 | € 15,321,603 | € 16,064,753 | € 15,580,069 | ▼ 3% |
Key figures of T.P.F. HOLDING, 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. HOLDING?
What happened at T.P.F. HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.7 million (▲ € 4.9 million vs 2024). Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,114 loss in 2022 to € 5.7 million profit in 2025.
Best year ever: 2025, with € 5.7 million profit.
Paid out € 4.9 million in dividends to the owners in total.
A new publication or filing at T.P.F. HOLDING? 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
The stake of ALBATER, SOFTECH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T.P.F. HOLDINGBehind T.P.F. HOLDING are THOMAS MR SPITAELS and CHRISTOPHE MR.GILAIN. The shares are held by ALBATER (55.9%) and SOFTECH (16.6%). It owns 100% of TPF International, 100% of TPF REAL ESTATE and 80.5% of T.P.F itself.
Directors
According to the 2025 annual accounts
Participations
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
€ 11.7 million revenue · 2025
TPF CONTRACTING
€ -64 gross margin · 2024
TPF UTILITIES
€ 32.3 million revenue · 2025
SOCIETE CAROLOREGIENNE DE GESTION THERMIQUE
T.P.F. same network
€ 9.1 million revenue · 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
- 0466.977.497
- VAT number
- BE 0466.977.497
- Registered office
- de Haveskerckelaan 46, 1190 Vorst
- Names & denominations
- T.P.F. HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 1999
- Peppol
- Not registered