ACTIVE

T.P.F. - ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

253,9 k €

-63.4% YoY

Revenue

11,7 M €

-9.9% YoY

Equity

2,6 M €

+11.0% YoY

Workforce

33,5 ETP

-0.9% YoY

What does T.P.F. - ENGINEERING do?

T.P.F. - ENGINEERING is a Public limited company incorporated in 1948. Its registered office is in Forest. It employs on average 33,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.422.532

Incorporation

01/01/1948

Legal form

Public limited company

Registered office

Avenue de Haveskercke 46
1190 Forest · BruxellesSee on map

Contributed capital

1 639 000,00 €

Latest accounts

31/12/2025

Average workforce

33,5 ETP

Joint committees (5)

100
10602
200
218
220

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	11,7 M €	-9.9%	13 M €	+27.0%	10,2 M €	-11.7%	11,6 M €	-0.1%	11,6 M €	-4.1%	12,1 M €	+27.8%	9,5 M €	+4.9%	9 M €	-3.6%	9,4 M €	-19.0%	11,6 M €	+20.9%	9,6 M €	-3.5%	9,9 M €	+9.8%	9 M €	+12.0%	8,1 M €	-11.3%	9,1 M €	+4.1%	8,7 M €	+17.6%	7,4 M €	-17.2%	9 M €
EBITDA	467,3 k €	-62.6%	1,2 M €	+278%	-701,3 k €	-220%	584,1 k €	-24.5%	773,1 k €	+14.0%	678,3 k €	+157%	264,2 k €	+29.8%	203,6 k €	-42.3%	352,8 k €	-47.0%	665,2 k €	+101%	331 k €	-8.8%	362,9 k €	+209%	-331,5 k €	-206%	312,2 k €	+92.5%	162,1 k €	-61.6%	421,9 k €	+176%	-552,9 k €	-253%	361,4 k €
Operating result	415,9 k €	-61.8%	1,1 M €	+234%	-810,5 k €	-247%	551,3 k €	-19.3%	683,4 k €	+9.0%	626,8 k €	+301%	156,5 k €	+235%	46,7 k €	-67.6%	144,2 k €	-70.7%	492,6 k €	+159%	190,1 k €	-13.1%	218,7 k €	+148%	-453,4 k €	-332%	195,1 k €	+329%	45,5 k €	-85.1%	306,2 k €	+143%	-716,4 k €	-471%	192,9 k €
Net result	253,9 k €	-63.4%	694,3 k €	+173%	-949,6 k €	-406%	310,4 k €	+88.8%	164,4 k €	-46.9%	309,7 k €	+435%	57,9 k €	+154%	22,8 k €	-39.8%	37,8 k €	-55.5%	84,9 k €	+2988%	2,7 k €	-8.7%	3 k €	-98.9%	267,2 k €	+79.8%	148,6 k €	+805%	16,4 k €	+91.2%	8,6 k €	+101%	-960,3 k €	-5010%	19,6 k €
Balance sheet
Equity	2,6 M €	+11.0%	2,3 M €	+43.0%	1,6 M €	-34.1%	2,4 M €	+14.5%	2,1 M €	+8.3%	2 M €	+18.6%	1,7 M €	+3.6%	1,6 M €	+1.4%	1,6 M €	+2.4%	1,5 M €	+5.8%	1,5 M €	+0.2%	1,5 M €	+0.2%	1,5 M €	+22.5%	1,2 M €	+14.3%	1 M €	+1.6%	1 M €	+0.8%	1 M €	-48.7%	2 M €
Total assets	6,1 M €	-12.7%	7 M €	-19.0%	8,7 M €	-5.5%	9,2 M €	+1.8%	9 M €	-5.7%	9,6 M €	-6.1%	10,2 M €	+2.3%	10 M €	-1.6%	10,1 M €	+0.6%	10,1 M €	-7.9%	10,9 M €	+1.9%	10,7 M €	+7.0%	10 M €	+12.9%	8,9 M €	-8.6%	9,7 M €	-13.3%	11,2 M €	+21.4%	9,2 M €	-7.1%	9,9 M €
Cash	637,5 k €	-59.6%	1,6 M €	+163%	599,8 k €	-39.0%	983,9 k €	-27.1%	1,3 M €	+881%	137,5 k €	-34.7%	210,5 k €	-36.7%	332,4 k €	+70.2%	195,4 k €	+19.9%	162,9 k €	-38.2%	263,6 k €	+93.5%	136,2 k €	+155%	53,4 k €	-78.2%	244,6 k €	+622%	33,9 k €	-54.2%	73,9 k €	+83.3%	40,3 k €	-61.0%	103,4 k €
Debts	3,4 M €	-24.4%	4,5 M €	-34.6%	6,8 M €	+5.2%	6,5 M €	-1.6%	6,6 M €	-11.0%	7,4 M €	-11.9%	8,4 M €	+1.9%	8,3 M €	-2.2%	8,5 M €	-0.2%	8,5 M €	-2.1%	8,7 M €	+2.4%	8,5 M €	+9.0%	7,8 M €	+14.0%	6,8 M €	-12.7%	7,8 M €	-19.8%	9,7 M €	+25.5%	7,7 M €	-0.1%	7,7 M €
Other
Workforce	33,5 ETP	-0.9%	33,8 ETP	-9.4%	37,3 ETP	-3.9%	38,8 ETP	-9.6%	42,9 ETP	-7.3%	46,3 ETP	-7.0%	49,8 ETP	-9.1%	54,8 ETP	-13.6%	63,4 ETP	-7.3%	68,4 ETP	+30.3%	52,5 ETP	+1.0%	52,0 ETP	+13.8%	45,7 ETP	-5.2%	48,2 ETP	-11.7%	54,6 ETP	-5.5%	57,8 ETP	-4.1%	60,3 ETP	+1.9%	59,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

ERWIN VANGENECHTEN

Director · since 22 mai 2024 · until 28 mai 2030

Active

PHILIPPE THIBAUT

Managing director · since 21 mai 2024 · until 28 mai 2030

Active

ALBATER

Chairman of the board of directors · since 22 mai 2018 · until 22 mai 2029 · 0443.858.637

Represented by THOMAS SPITAELS

Active

Ended mandates

PHILIPPE THIBAUT

Managing director · since 01 septembre 2023 · until 21 mai 2024

Ended

ALBATER

Chairman of the board of directors · since 22 mai 2018 · until 27 juin 2023 · 0443.858.637

Represented by THOMAS SPITAELS

Ended

ERWIN VANGENECHTEN

Director · since 22 mai 2018 · until 21 mai 2024

Ended

ERWIN VANGENECHTEN

Director · since 22 mai 2018 · until 22 mai 2024

Ended

At this address

Other companies at this address

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ARCOTEAM - MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP● Active	0443.951.083
CONSORTIUM FOR EAST EUROPEAN DEVELOPMENT● Active	0446.600.272
SM TPF-ARCADIS NEO1● Active	0506.904.875
SM TPF ENGINEERING-CROMWELL ARCHITECTS● Active	0834.161.693
SM VANCAMPENHOUT-TPF-BAGON● Active	0831.742.534
SOCIETE CAROLOREGIENNE DE GESTION THERMIQUE● Active	0434.844.961
STRATODEV● Active	0810.982.158
STRATOS CONSULT● Active	0441.816.786
T.P.F.● Active	0435.170.803
TPF CONTRACTING● Active	0402.527.630
TPF ENGINEERING -ARCOTEAM - AREP● Active	0758.743.007
TPF ENGINEERING-ARCOTEAM-FIMATEC● Active	1023.112.943
TPF GROUP● Active	0459.966.773
T.P.F. HOLDING● Active	0466.977.497
TPF REAL ESTATE● Active	0806.715.841
TPF UTILITIES● Active	0406.406.442

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	23/06/2025	26/09/2024	07/08/2023	13/06/2022	09/06/2021
General meeting	17/06/2026	17/06/2025	25/09/2024	17/07/2023	08/06/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	18/06/2026	French	PDF
Full model	31/12/2024	17/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	25/09/2024	26/09/2024	French	PDF
Full model	31/12/2022	17/07/2023	07/08/2023	French	PDF
Full model	31/12/2021	08/06/2022	13/06/2022	French	PDF
Full model	31/12/2020	25/05/2021	09/06/2021	French	PDF
Full model	31/12/2019	03/06/2020	25/06/2020	French	PDF
Full model	31/12/2018	28/05/2019	27/06/2019	French	PDF
Full model	31/12/2017	23/05/2018	22/06/2018	French	PDF
Full model	31/12/2016	23/05/2017	21/06/2017	French	PDF
Full model	31/12/2015	06/06/2016	23/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	16/06/2015	French	PDF
Full model	31/12/2013	27/05/2014	25/06/2014	French	PDF
Full model	31/12/2012	28/05/2013	24/06/2013	French	PDF
Full model	31/12/2011	01/06/2012	20/06/2012	French	PDF
Full model	31/12/2010	24/05/2011	20/06/2011	French	PDF
Full model	31/12/2009	27/04/2010	01/06/2010	French	PDF
Full model	31/12/2008	16/06/2009	25/06/2009	French	PDF
Full model	31/12/2007	22/04/2008	17/06/2008	French	PDF
Full model	31/12/2006	22/05/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

ERWIN VANGENECHTEN

Director · since 22 mai 2024 · until 28 mai 2030

Active

PHILIPPE THIBAUT

Managing director · since 21 mai 2024 · until 28 mai 2030

Active

ALBATER

Chairman of the board of directors · since 22 mai 2018 · until 22 mai 2029 · 0443.858.637

Represented by THOMAS SPITAELS

Active

Ended mandates

PHILIPPE THIBAUT

Managing director · since 01 septembre 2023 · until 21 mai 2024

Ended

ALBATER

Chairman of the board of directors · since 22 mai 2018 · until 27 juin 2023 · 0443.858.637

Represented by THOMAS SPITAELS

Ended

ERWIN VANGENECHTEN

Director · since 22 mai 2018 · until 21 mai 2024

Ended

ERWIN VANGENECHTEN

Director · since 22 mai 2018 · until 22 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2026
DEMISSIONS, NOMINATIONS
PDF
Other19/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2021
DEMISSIONS, NOMINATIONS
PDF
Other11/06/2020
DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025253,9 k €↓
2024
Annual accounts 2024694,3 k €↑
2023
Annual accounts 2023-949,6 k €↓
2023
Name changeTPF ENGINEERING
2021
Annual accounts 2021310,4 k €↑
2020
Annual accounts 2020164,4 k €↓
2019
Annual accounts 2019309,7 k €↑
2018
Annual accounts 201857,9 k €↑
2017
Annual accounts 201722,8 k €↓
2016
Annual accounts 201637,8 k €↓
2015
Annual accounts 201584,9 k €↑
2014
Annual accounts 20142,7 k €↓
2013
Annual accounts 20133 k €↓
2012
Annual accounts 2012267,2 k €↑
2011
Annual accounts 2011148,6 k €↑
2010
Annual accounts 201016,4 k €↑
2009
Annual accounts 20098,6 k €↑
2008
Annual accounts 2008-960,3 k €↓
2007
Annual accounts 200719,6 k €
2007
Name changeT.P.F.- ENGINEERING
01/01/1948
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

T.P.F. - ENGINEERING

Overview

What does T.P.F. - ENGINEERING do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline