Financials
Financial year 2025
TNFO from Sint-Genesius-Rode, company number BE0778919797, closed financial year 2025 with a result of € 38.2 million after tax. For that financial year TNFO recorded a gross margin of € -1.9 million and equity of € 1.1 billion. Compared with financial year 2024, the result moved from € 60 million to € 38.2 million. The company is profitable. 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 17, 2026.
€ 1.1 billion
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38.2 million
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ € 4.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 billion.
People and assets in 2025
7.2
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 705,118
▲ 19% vs 2024
€ 97,900 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.
€ 103,448
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 42.6 million
▲ € 42.6 million vs 2024
Loans from banks and other lenders, long and short.
€ 284,430
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 680,861
▲ 210% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,001,426 | € -1,241,762 | € -1,798,850 | € -1,858,694 | ▼ € 59,844 |
| Profit after taxes | € 193,264,429 | € 9,919,641 | € 59,999,834 | € 38,233,748 | ▼ 36% |
| Equity | € 954,496,719 | € 964,416,360 | € 1,024,416,194 | € 1,062,649,942 | ▲ 4% |
| Total debts | € 135,847,579 | € 21,844,035 | € 2,316,178 | € 44,874,685 | ▲ € 42.6 million |
| Cash | € 1,514,016 | € 797,876 | € 519,007 | € 4,706,763 | ▲ € 4.2 million |
| Retained profit | € 924,951,859 | € 934,871,500 | € 994,871,334 | € 1,033,105,082 | ▲ 4% |
| Dividend | € 10,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 100,004,589 | € 2,356,078 | € 964 | € 42,600,000 | ▲ € 42.6 million |
| Balance sheet total | € 1,090,344,298 | € 986,260,395 | € 1,026,732,372 | € 1,107,524,627 | ▲ 8% |
| Employees (FTE) | 3.1 | 4.9 | 5.4 | 7.2 | ▲ 1.8 |
Key figures of TNFO, 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 TNFO?
What happened at TNFO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WELAKO BV stepped down as director. NBB
- Alain Nijs stepped down as director. NBB
- Els Thermote stepped down as director. NBB
- Anouk Schoors stepped down as director. NBB
- Louis Dhont stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 38.2 million (▼ 36% vs 2024). Source: NBB ↗
- New establishment in Tournai. KBO
- New establishment in Sint-Genesius-Rode. KBO
In short
From € 193.3 million profit in 2022 to € 38.2 million profit in 2025.
Paid € 20 million in corporate taxes since 2022.
Best year ever: 2022, with € 193.3 million profit.
Paid out € 10 million in dividends to the owners in total.
A new publication or filing at TNFO? We notify you, reason included.
Follow TNFODatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
It owns 100% of The Nest Real Estate, 100% of Domaine de Graux, 100% of Nestt Lux, 100% of DIFG, 100% of Nestt and 100% of Graux itself.
Directors
According to the 2025 annual accounts
Director · represented by John Laebens
Also active at: TVH EQUIPMENT, MIDEX INTERNATIONAL, VINTEOR, Waregem RE, Fremato Equipment, ECHLIN INVEST, QUVADEC
since 2021 · until 2027
since 2021 · until 2027
Els Thermote
Director
Also active at: NESTT, The Nest Real Estate, TVH Global, DIFG, Columbus Holding
since 2021 · until 2027
Anouk Schoors
Director
Also active at: NESTT, The Nest Real Estate, BELGOMEALS, DX, DIFG, GM-ADVIES, DIGROM IMMO
since 2021 · until 2027
Louis Dhont
Director
Also active at: GRAUX, NESTT, The Nest Real Estate, LCJ, DIFG, DOMAINE DE GRAUX
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Ginstlaan 12
1640 Sint-Genesius-Rode
Ginstlaan 3
1640 Sint-Genesius-Rode
Active since 21 December 2021
Rue Crotière(G-R) 36
7530 Tournai
Active since 21 December 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0778.919.797
- VAT number
- BE 0778.919.797
- Registered office
- Ginstlaan 12, 1640 Sint-Genesius-Rode
- Names & denominations
- TNFO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Overige zakelijke dienstverlening, neg
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering