Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TIFOGROUP from Oostende, company number BE0686636274, closed financial year 2025 with a result of € -425,251 after tax. For that financial year TIFOGROUP recorded a gross margin of € -208,465 and equity of € -851,798. Compared with financial year 2024, the result moved from € -13,858 to € -425,251. 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 July 16, 2026.
€ -851,798
▼ € 425,251 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -425,251
▼ 2969 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,965
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2025
€ 35,011
▼ 54% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,785
▲ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 726,274
▼ 3% vs 2024
€ 44,370 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 20,317
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,762
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 87,658 | € -196,616 | € 469,718 | € -208,465 | ▼ € 678,183 |
| Profit after taxes | € -187,657 | € -503,131 | € -13,858 | € -425,251 | ▼ € 411,394 |
| Equity | € 90,442 | € -412,689 | € -426,547 | € -851,798 | ▼ € 425,251 |
| Total debts | € 897,985 | € 961,361 | € 771,939 | € 1,064,362 | ▲ 38% |
| Cash | € 185,700 | € 3,012 | € 81,749 | € 4,965 | ▼ 94% |
| Retained profit | € -1,059,775 | € -1,562,906 | € -1,576,764 | € -2,002,015 | ▼ € 425,251 |
| Bank debt | € 856,722 | € 756,505 | € 745,203 | € 726,274 | ▼ 3% |
| Balance sheet total | € 988,428 | € 548,672 | € 345,392 | € 212,563 | ▼ 38% |
Key figures of TIFOGROUP, 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 TIFOGROUP?
What happened at TIFOGROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 425,251. Source: NBB ↗
- Santerra NV became a director. NBB
- Gunther Vanpraet became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
- Pieterjan Veys became a director. NBB
- Jan Vellemans became a director. NBB
In short
From € 187,657 loss in 2022 to € 425,251 loss in 2025.
Paid € 981 in corporate taxes since 2022.
Management
The stake of SUMMA, SANTERRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TIFOGROUPBehind TIFOGROUP are Pieterjan Veys, Santerra NV, Gunther Vanpraet and Jan Vellemans. The shares are held by SUMMA (15%) and SANTERRA (15%).
Directors
According to the 2025 annual accounts
Pieterjan Veys
Director
since 2017
Director · represented by Joris Crynen
since 2020
since 2020
Jan Vellemans
Director
since 2017
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Northlaan 13
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Details
- Company number
- 0686.636.274
- VAT number
- BE 0686.636.274
- Registered office
- Northlaan 13, 8400 Oostende
- Names & denominations
- TIFOGROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2017
- Peppol
- Active · Active since 21 Oct 2025
- Contact
- tifogame.be
- Activities · NACE
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