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 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TFH CONCEPT from Seneffe, company number BE0629886821, closed financial year 2025 with a result of € -11,344 after tax. For that financial year TFH CONCEPT recorded a gross margin of € 68,009 and equity of € 24,661. Compared with financial year 2024, the result moved from € 9,704 to € -11,344. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 24,661
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,344
▼ still € 9,704 profit in 2024
Profit after tax over the fiscal year.
€ 193
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 18,461.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 7,957
▼ 24% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 187,836
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 192,299
▲ 25% vs 2024
€ 25,782 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 43,923
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,086
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 50,727 | € 48,745 | € 62,976 | € 68,009 | ▲ 8% |
| Profit after taxes | € -131 | € -6,428 | € 9,704 | € -11,344 | ▼ € 21,048 |
| Equity | € 32,728 | € 26,300 | € 36,005 | € 24,661 | ▼ 32% |
| Total debts | € 82,732 | € 108,935 | € 278,944 | € 320,998 | ▲ 15% |
| Cash | € 288 | € 410 | € 14,122 | € 193 | ▼ 99% |
| Retained profit | € 26,528 | € 20,100 | € 29,805 | € 18,461 | ▼ 38% |
| Bank debt | € 52,739 | € 21,905 | € 154,228 | € 192,299 | ▲ 25% |
| Balance sheet total | € 115,460 | € 135,235 | € 314,948 | € 345,659 | ▲ 10% |
Key figures of TFH CONCEPT, 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 TFH CONCEPT?
What happened at TFH CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,344 (▼ € 21,048 vs 2024). filed late Source: NBB ↗
- New establishment in Seneffe. KBO
- Start of the company according to the CBE. KBO
In short
From € 131 loss in 2022 to € 11,344 loss in 2025.
Best year ever: 2024, with € 9,704 profit.
Management
Behind TFH CONCEPT is FREDERIC HORLAIT.
Directors
According to the 2025 annual accounts
FREDERIC HORLAIT
Director
Establishments
Establishment units
Physical locations of this company
Rue de Maffle 33
7180 Seneffe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0629.886.821
- VAT number
- BE 0629.886.821
- Registered office
- Rue de Maffle 33, 7180 Seneffe
- Names & denominations
- TFH CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2015
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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