ACTIVE

TORFS L.

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Financial year 2025 · Closed on 31/12/2025

Net result9,9 M €+50,2 %over 1 year

Revenue172,5 M €+1,1 %over 1 year

Equity36,7 M €+1,5 %over 1 year

Workforce521,9 ETP+2,0 %over 1 year

Identity

Source · BCE/KBO

TORFS L. is a Public limited company incorporated in 1948. Its main activity is: Retail sale of footwear and leather goods in specialised stores. Its registered office is in Temse. It employs on average 521,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.054.092
Incorporation: 14/10/1948
Legal form: Public limited company
Registered office: Afschrijverslaan 2
9140 Temse · FlandreSee on map
Contributed capital: 9 160 000,00 €
Latest accounts: 31/12/2025
Average workforce: 521,9 ETP

Activities (NACE)

47721Retail sale of footwear and leather goods in specialised stores· main 47721Retail sale of footwear and leather goods in specialised stores 52431Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	172,5 M €	+1.1%	170,6 M €	+4.0%	164 M €	+4.9%	156,3 M €	+8.1%	144,6 M €
EBITDA	16,1 M €	+17.4%	13,7 M €	+26.2%	10,8 M €	-8.6%	11,9 M €	-0.7%	11,9 M €
Operating result	10,9 M €	+64.5%	6,6 M €	+65.4%	4 M €	-30.1%	5,7 M €	+40.0%	4,1 M €
Net result	9,9 M €	+50.2%	6,6 M €	+45.5%	4,5 M €	-21.4%	5,8 M €	+25.7%	4,6 M €
Balance sheet
Equity	36,7 M €	+1.5%	36,2 M €	+0.5%	36 M €	+8.5%	33,2 M €	+13.3%	29,3 M €
Total assets	68 M €	+3.7%	65,6 M €	+6.7%	61,4 M €	-7.4%	66,4 M €	+13.6%	58,4 M €
Cash	919,7 k €	+20.5%	763,1 k €	-66.4%	2,3 M €	-82.2%	12,8 M €	+308%	3,1 M €
Debts	29,1 M €	+5.9%	27,5 M €	+15.8%	23,8 M €	-24.4%	31,4 M €	+14.7%	27,4 M €
Other
Workforce	521,9 ETP	+2.0%	511,5 ETP	+0.1%	510,9 ETP	-0.6%	514,1 ETP	+3.2%	498,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CREATIVE PROPERTY MANAGEMENT0479.603.731Represented by Luc De Baets	Director07/09/2017 → 06/06/2028
TORFS IMPORT SERVICE0444.892.775Represented by Lise CONIX	Managing director01/06/2021 → 01/01/2029Director02/06/2009 → 2021 accountsended
VOLE0545.844.338Represented by Stijn DE KNOP	Director20/02/2014 → 02/06/2026
Van Key Consulting0896.182.010Represented by Els VAN KEYMEULEN	Director08/07/2008 → 30/09/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WOUTER TORFS0479.484.064Represented by Wouter Torfs	Managing director01/06/2021 → 2021 accounts
CENTIDO0808.782.634Represented by Laeremans Elke	Director07/09/2018 → 2022 accounts
AXCAM Management0683.866.628Represented by Lise Conix	Director01/11/2017 → 2021 accounts

Other companies at this address

Afschrijverslaan 2 9140 Temse

Company	CBE no.
TORFS ENERGIES● Active	0811.334.031
TORFS IMPORT SERVICE● Active	0444.892.775

Full financial information

Source · NBB

	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	17/07/2026	04/08/2025	16/07/2024	10/07/2023	06/07/2022	15/07/2021
General meeting	02/06/2026	03/06/2025	25/06/2024	06/06/2023	30/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	04/08/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	16/07/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	15/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	05/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	04/07/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	08/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	20/06/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	05/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CREATIVE PROPERTY MANAGEMENT0479.603.731Represented by Luc De Baets	Director07/09/2017 → 06/06/2028
TORFS IMPORT SERVICE0444.892.775Represented by Lise CONIX	Managing director01/06/2021 → 01/01/2029Director02/06/2009 → 2021 accountsended
VOLE0545.844.338Represented by Stijn DE KNOP	Director20/02/2014 → 02/06/2026
Van Key Consulting0896.182.010Represented by Els VAN KEYMEULEN	Director08/07/2008 → 30/09/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WOUTER TORFS0479.484.064Represented by Wouter Torfs	Managing director01/06/2021 → 2021 accounts
CENTIDO0808.782.634Represented by Laeremans Elke	Director07/09/2018 → 2022 accounts
AXCAM Management0683.866.628Represented by Lise Conix	Director01/11/2017 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/11/2026
DIVERSEN, ONTSLAGEN, BENOEMINGEN
PDF
Mandates16/12/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1948

Name

Registered office

Annual accounts

Filings16 filings

Mandates

CREATIVE PROPERTY MANAGEMENT

TORFS IMPORT SERVICE

VOLE

Van Key Consulting

WOUTER TORFS

CENTIDO

AXCAM Management

SINNEK

BYRMA

BATOR MANAGEMENT

VOLES

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

TORFS L.

Afschrijverslaan 2, 9140 TemseIndustriepark-West 50, 9100 Sint-Niklaas

Director

Managing directorDirector

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Afschrijverslaan 2, 9140 TemseCurrent	accounts 2025	Accounts 2025 · 2026-00306164
Industriepark-West 50, 9100 Sint-Niklaas	accounts 2021 → 2024	Accounts 2024 · 2025-00355586

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TORFS L.Current	accounts 2021 → 2025	Accounts 2025 · 2026-00306164

Events

2025
Annual accounts 20259,9 M €↑
2024
Annual accounts 20246,6 M €↑
2023
Annual accounts 20234,5 M €↓
06/06/2023
reconductionBV CREATIVE PROPERTY MANAGEMENT · bestuurder
01/01/2023
nominationTORFS IMPORT SERVICE · gedelegeerd bestuurder
2022
Annual accounts 20225,8 M €↑
2021
Annual accounts 20214,6 M €↑
2018
Annual accounts 20182,3 M €↓
2017
Annual accounts 20173,8 M €↓
2016
Annual accounts 20164,8 M €↓
2015
Annual accounts 20155 M €↑
2014
Annual accounts 20144,8 M €↑
2013
Annual accounts 20134,8 M €↑
2012
Annual accounts 20123,3 M €↓
2011
Annual accounts 20113,5 M €↓
2010
Annual accounts 20104,2 M €↑
2009
Annual accounts 20093,7 M €↑
2008
Annual accounts 20082,6 M €
14/10/1948
IncorporationPublic limited company

TORFS L.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events