ACTIVE

T.P.F.

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Financial year 2025 · Closed on 31/12/2025

Net result4,1 M €+71,7 %over 1 year
Revenue9,1 M €+2,6 %over 1 year
Equity62,7 M €+0,1 %over 1 year
Workforce12,6 ETP+12,5 %over 1 year

Identity

Source · BCE/KBO

T.P.F. is a Public limited company incorporated in 1988. Its registered office is in Forest. It employs on average 12,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0435.170.803
Incorporation
31/08/1988
Legal form
Public limited company
Registered office
Avenue de Haveskercke 46
1190 Forest · BruxellesSee on map
Contributed capital
24 947 655,88 €
Latest accounts
31/12/2025
Average workforce
12,6 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 39 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue9,1 M €8,9 M €13,3 M €13,1 M €11,3 M €
EBITDA1,2 M €1,3 M €585,9 k €1,1 M €345,4 k €
Operating result1,2 M €1,3 M €188,4 k €1 M €-691,3 k €
Net result4,1 M €2,4 M €3,7 M €4 M €-2,5 M €
Balance sheet
Equity62,7 M €62,6 M €60,2 M €56,3 M €46,9 M €
Total assets148,5 M €137,4 M €144,8 M €138,3 M €134,2 M €
Cash992,9 k €384,3 k €1,2 M €179,1 k €275,5 k €
Debts84,6 M €73,2 M €82,9 M €80,9 M €85,2 M €
Other
Workforce12,6 ETP11,2 ETP9,9 ETP9,4 ETP10,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 5 ended

Active mandates

Delphine Spitaels

Director · since 01 janvier 2026

Active
Edouard Gilain

Director · since 01 janvier 2026

Active
Isabelle Stoffels

Director · since 01 janvier 2026

Active
José Santos

Managing director · since 12 novembre 2024

Active
Luc Bertrand

Director · since 12 novembre 2024

Active
Aurore Mme Spitaels

Director · since 09 novembre 2022

Active
CHRISTOPHE MR.GILAIN

Director

Active
RIK MR VANDENBERGHE

Director

Active
THOMAS MR.SPITAELS

Director

Active

Ended mandates

CHRISTOPHE MR.GILAIN

Mandate

Ended
JORGE MR. NANDIN DE CARVALHO

Director · until 12 décembre 2024

Ended
JORGE MR. NANDIN DE CARVALHO

Director

Ended
RIK MR.VANDENBERGHE

Director

Ended

Other companies at this address

Avenue de Haveskercke 46 1190 Forest
CompanyCBE no.
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
TPF CONTRACTING● Active
0402.527.630
T.P.F. - ENGINEERING● Active
0400.422.532
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

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/07/202624/07/202522/07/202428/08/202301/07/202230/09/2021
General meeting16/07/202622/07/202503/07/202418/08/202330/06/202229/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 39 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/07/202628/07/2026FrenchPDF
Full model31/12/202422/07/202524/07/2025FrenchPDF
Consolidated accounts31/12/202422/07/202525/07/2025FrenchPDF
Full model31/12/202303/07/202422/07/2024FrenchPDF
Consolidated accounts31/12/202303/07/202405/08/2024FrenchPDF
Full model31/12/202218/08/202328/08/2023FrenchPDF
Consolidated accounts31/12/202215/09/202321/09/2023FrenchPDF
Full model31/12/202130/06/202201/07/2022FrenchPDF
Consolidated accounts31/12/202108/08/202209/08/2022FrenchPDF
Full model31/12/202030/06/202101/07/2021FrenchPDF
Consolidated accounts31/12/202029/09/202130/09/2021FrenchPDF
Full model31/12/201929/06/202003/08/2020FrenchPDF
Consolidated accounts31/12/201929/06/202003/08/2020FrenchPDF
Full model31/12/201803/06/201927/06/2019FrenchPDF
Consolidated accounts31/12/201803/06/201927/06/2019FrenchPDF
Full model31/12/201729/06/201812/07/2018FrenchPDF
Consolidated accounts31/12/201729/06/201812/07/2018FrenchPDF
Full model31/12/201630/06/201706/07/2017FrenchPDF
Consolidated accounts31/12/201630/06/201706/07/2017FrenchPDF
Full model31/12/201530/06/201619/07/2016FrenchPDF
Consolidated accounts31/12/201530/06/201619/07/2016FrenchPDF
Full model31/12/201430/06/201508/07/2015FrenchPDF
Consolidated accounts31/12/201430/06/201508/07/2015FrenchPDF
Full model31/12/201330/06/201424/07/2014FrenchPDF

View all 39 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 5 ended

Active mandates

Delphine Spitaels

Director · since 01 janvier 2026

Active
Edouard Gilain

Director · since 01 janvier 2026

Active
Isabelle Stoffels

Director · since 01 janvier 2026

Active
José Santos

Managing director · since 12 novembre 2024

Active
Luc Bertrand

Director · since 12 novembre 2024

Active
Aurore Mme Spitaels

Director · since 09 novembre 2022

Active
CHRISTOPHE MR.GILAIN

Director

Active
RIK MR VANDENBERGHE

Director

Active
THOMAS MR.SPITAELS

Director

Active

Ended mandates

CHRISTOPHE MR.GILAIN

Mandate

Ended
JORGE MR. NANDIN DE CARVALHO

Director · until 12 décembre 2024

Ended
JORGE MR. NANDIN DE CARVALHO

Director

Ended
RIK MR.VANDENBERGHE

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares26/05/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates29/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/11/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/07/2023
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 01/01/2026
    nominationIsabelle Stoffels de Saint-Georges — administrateur
  2. 01/01/2026
    nominationDelphine Spitaels — administrateur
  3. 01/01/2026
    nominationEduard Gilain — administrateur
  4. 2025
    Annual accounts 20254,1 M €↑
  5. 22/07/2025
    reconductionMathieu Noel — commissaire
  6. 21/05/2025
    autre
  7. 2024
    Annual accounts 20242,4 M €↓
  8. 12/11/2024
    reconductionThomas Spitaels — administrateur et président du conseil d’administration
  9. 12/11/2024
    nominationJosé Manuel CASTRO FERNANDES dos SANTOS — administrateur
  10. 12/11/2024
    nominationLuc BERTRAND — administrateur
  11. 2023
    Annual accounts 20233,7 M €↓
  12. 01/09/2023
    nominationJosé SANTOS — mandataire spécial (Chief Operational Officer)
  13. 01/09/2023
    nominationJulie BELMANS — mandataire spécial (Chief Human Resources Officer)
  14. 18/08/2023
    reconductionThomas SPITAELS — administrateur
  15. 18/08/2023
    reconductionChristophe GILAIN — administrateur
  16. 06/06/2023
    augmentation_capital
  17. 2022
    Annual accounts 20224 M €↑
  18. 09/11/2022
    nominationAurore Spitaels — Administrateur
  19. 30/06/2022
    reconductionRSM INTERAUDIT SRL représentée par Monsieur Mathieu Noel — commissaire
  20. 2021
    Annual accounts 2021-2,5 M €↓
  21. 2021
    Name changeTPF SA
  22. 2020
    Annual accounts 2020-696,9 k €↓
  23. 2019
    Annual accounts 20196 M €↑
  24. 2018
    Annual accounts 201847,4 k €↓
  25. 2017
    Annual accounts 20173,7 M €↓
  26. 2016
    Annual accounts 20167 M €↑
  27. 2015
    Annual accounts 20152 M €↓
  28. 2014
    Annual accounts 20143,8 M €↑
  29. 2013
    Annual accounts 20132,9 M €↑
  30. 2012
    Annual accounts 2012-161,8 k €↓
  31. 2011
    Annual accounts 20111,9 M €↑
  32. 2010
    Annual accounts 2010-1,3 M €↓
  33. 2009
    Annual accounts 20092,4 M €↑
  34. 2008
    Annual accounts 20082 M €↑
  35. 2007
    Annual accounts 20071,5 M €↑
  36. 2006
    Annual accounts 20061 M €
  37. 2006
    Name changeT.P.F.
  38. 31/08/1988
    IncorporationPublic limited company