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 1 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TORFS ICT from Begijnendijk, company number BE0686641521, closed financial year 2025 with a result of € -69,446 after tax. For that financial year TORFS ICT recorded a gross margin of € -60,509 and equity of € -40,610. Compared with financial year 2024, the result moved from € 3,479 to € -69,446. 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 30, 2026.
€ -40,610
▼ € 69,446 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,446
▼ still € 3,479 profit in 2024
Profit after tax over the fiscal year.
€ 109
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -41,610.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 170
▲ € 4,485 vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 2,108
▼ 74% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 31,472
▲ 95% vs 2024
€ 18,324 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 8,495
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,190
▼ 70% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 40,380 | € 8,851 | € -60,509 | ▼ € 69,360 |
| Profit after taxes | € -9,037 | € 3,479 | € -69,446 | ▼ € 72,926 |
| Equity | € 40,557 | € 28,836 | € -40,610 | ▼ € 69,446 |
| Total debts | € 38,259 | € 27,359 | € 60,369 | ▲ 121% |
| Cash | € 35,054 | € 9,302 | € 109 | ▼ 99% |
| Retained profit | € 39,557 | € 27,836 | € -41,610 | ▼ € 69,446 |
| Dividend | € 0 | € 15,200 | € 0 | ▼ 100% |
| Bank debt | € 22,118 | € 16,154 | € 31,472 | ▲ 95% |
| Balance sheet total | € 78,816 | € 56,196 | € 19,759 | ▼ 65% |
Key figures of TORFS ICT, fiscal years 2023 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 TORFS ICT?
What happened at TORFS ICT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 69,446 (▼ € 72,926 vs 2024). Source: NBB ↗
- New establishment in Begijnendijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,037 loss in 2023 to € 69,446 loss in 2025.
Paid € 977 in corporate taxes since 2023.
Best year ever: 2024, with € 3,479 profit.
Paid out € 15,200 in dividends to the owners in total.
Management
Behind TORFS ICT is KRISTOF TORFS.
Directors
According to the 2025 annual accounts
KRISTOF TORFS
Director
Establishments
Establishment units
Physical locations of this company
Pandhoevestraat 17 box B
3130 Begijnendijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0686.641.521
- VAT number
- BE 0686.641.521
- Registered office
- Pandhoevestraat 17 bus B, 3130 Begijnendijk
- Names & denominations
- TORFS ICT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2017
- Peppol
- Active · Active since 12 Sept 2025
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