ACTIVE

TFA INTERNATIONAL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-14 k €

-173.0% YoY

Gross margin

15 k €

-74.7% YoY

Equity

172,1 k €

-7.5% YoY

What does TFA INTERNATIONAL do?

TFA INTERNATIONAL is a Private limited company incorporated in 1990. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.074.044

Incorporation

05/07/1990

Legal form

Private limited company

Registered office

Avenue Delleur 18
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

50 280,84 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	15 k €	-74.7%	59,2 k €	+0.9%	58,7 k €	+0.4%	58,4 k €	+12.5%	52 k €	+4.4%	49,7 k €	+164%	18,8 k €	-65.7%	54,8 k €	+13.3%	48,4 k €	-51.6%	100 k €	+35.6%	73,8 k €	-41.0%	125,2 k €	-18.8%	154,2 k €	+7.8%	143 k €	+13.3%	126,2 k €	+11.4%	113,3 k €	-55.1%	252,3 k €	+8.6%	232,3 k €	+75.3%	132,5 k €
EBITDA	3 k €	-93.6%	47,2 k €	+0.4%	47,1 k €	-2.0%	48 k €	+15.0%	41,8 k €	+15.1%	36,3 k €	+456%	6,5 k €	-84.8%	43 k €	+13.3%	37,9 k €	-57.5%	89,2 k €	+32.2%	67,5 k €	-43.0%	118,4 k €	-18.4%	145,2 k €	+6.3%	136,6 k €	+14.1%	119,7 k €	+11.8%	107 k €	-56.6%	246,3 k €	+10.5%	222,9 k €	+76.8%	126,1 k €
Operating result	-13,4 k €	-143%	30,8 k €	+49.6%	20,6 k €	-4.8%	21,6 k €	+36.8%	15,8 k €	+3.5%	15,3 k €	+213%	-13,5 k €	-133%	40,8 k €	+198%	-41,5 k €	-170%	58,8 k €	+56.2%	37,7 k €	-57.7%	89 k €	-23.0%	115,6 k €	-3.3%	119,5 k €	+31.5%	90,8 k €	+19.5%	76 k €	-64.6%	214,5 k €	+13.6%	188,9 k €	+84.2%	102,5 k €
Net result	-14 k €	-173%	19,2 k €	+42.3%	13,5 k €	-0.6%	13,6 k €	+23.6%	11 k €	-17.7%	13,3 k €	+191%	-14,7 k €	-136%	40,5 k €	+196%	-42 k €	-214%	36,9 k €	+42.7%	25,9 k €	-63.4%	70,7 k €	-17.5%	85,7 k €	+12.4%	76,3 k €	+15.1%	66,3 k €	+5.8%	62,6 k €	-50.4%	126,3 k €	+9.3%	115,6 k €	+83.1%	63,1 k €
Balance sheet
Equity	172,1 k €	-7.5%	186,1 k €	-50.8%	378,4 k €	+3.7%	364,9 k €	+3.9%	351,3 k €	-33.4%	527,4 k €	+2.6%	514,1 k €	-2.8%	528,8 k €	+8.3%	488,3 k €	-7.9%	530,3 k €	+7.5%	493,4 k €	+5.5%	467,5 k €	-21.7%	596,8 k €	+16.8%	511 k €	+17.5%	434,8 k €	-35.0%	668,5 k €	+10.3%	605,9 k €	+26.3%	479,6 k €	+31.8%	364 k €
Total assets	182,2 k €	-50.8%	370,2 k €	-12.5%	423,3 k €	+1.5%	416,9 k €	-2.2%	426,2 k €	-24.0%	560,9 k €	+4.1%	539 k €	+0.6%	535,7 k €	+8.8%	492,3 k €	-10.6%	550,4 k €	+6.5%	516,8 k €	-26.2%	700,7 k €	+8.1%	647,9 k €	-28.4%	904,6 k €	+0.6%	899,2 k €	+6.7%	842,6 k €	-3.8%	876 k €	+21.4%	721,8 k €	+37.9%	523,2 k €
Cash	847,1 €	-99.5%	161,4 k €	-28.4%	225,5 k €	+15.3%	195,5 k €	+45.2%	134,7 k €	-54.9%	298,8 k €	+9.1%	273,8 k €	-9.3%	301,7 k €	+14.5%	263,5 k €	+17.7%	224 k €	+54.9%	144,6 k €	-48.1%	278,4 k €	+91.1%	145,6 k €	-61.1%	374 k €	-9.7%	414,2 k €	+13.1%	366,2 k €	-4.8%	384,5 k €	+70.6%	225,5 k €	+359%	49,1 k €
Debts	10 k €	-94.5%	184,1 k €	+406%	36,4 k €	-16.9%	43,8 k €	-38.1%	70,7 k €	+218%	22,2 k €	+27.0%	17,5 k €	+153%	6,9 k €	+156%	2,7 k €	-85.8%	19 k €	-18.1%	23,2 k €	-90.0%	232,9 k €	+355%	51,2 k €	-87.0%	393,4 k €	-15.2%	464,2 k €	+167%	174 k €	-35.4%	269,3 k €	+11.2%	242,2 k €	+52.2%	159,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Adrien LANOTTE

Director · since 26 juin 2025

Active

Guillaume BEAUTHIER

Director · since 26 juin 2025

Active

Ended mandates

Jean-Claude DEKOSTER

Managing director · since 29 mai 2015

Ended

FRANTEDEK

Director · since 28 mai 2015 · until 27 mai 2027 · 0441.159.364

Represented by CARMONA CATARINO TERESA

Ended

FRANTEDEK

Managing director · since 28 mai 2015 · until 29 septembre 2023 · 0441.159.364

Represented by Jean Claude Dekoster

Ended

FRANTEDEK

Managing director · since 28 mai 2015 · 0441.159.364

Represented by Teresa CARMONA CATARINO

Ended

At this address

Other companies at this address

Company	CBE no.
Compagnie d'Investissements et de Développements● Liquidation	0886.532.389
CORELY BELGIUM● Active	0534.940.053
DELWAT18● Active	1022.530.844
HARVEST AVOCATS● Active	0743.869.145
OURAGAN● Active	0400.983.053

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	30/06/2025	19/07/2024	30/08/2023	11/08/2022	31/08/2021
General meeting	03/06/2026	26/05/2025	27/05/2024	25/05/2023	26/05/2022	27/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/06/2026	18/06/2026	French	PDF
Micro model	31/12/2024	26/05/2025	30/06/2025	French	PDF
Micro model	31/12/2023	27/05/2024	19/07/2024	French	PDF
Micro modelCorrection	31/12/2022	25/05/2023	30/08/2023	French	PDF
Micro model	31/12/2022	25/05/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	26/05/2022	11/08/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	20/10/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	19/08/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	29/05/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	26/09/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	20/10/2011	28/10/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	14/10/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	20/11/2009	French	PDF
Abridged model	31/12/2007	29/05/2008	31/10/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	09/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 23 ended

Active mandates

Adrien LANOTTE

Director · since 26 juin 2025

Active

Guillaume BEAUTHIER

Director · since 26 juin 2025

Active

Ended mandates

Jean-Claude DEKOSTER

Managing director · since 29 mai 2015

Ended

FRANTEDEK

Director · since 28 mai 2015 · until 27 mai 2027 · 0441.159.364

Represented by CARMONA CATARINO TERESA

Ended

FRANTEDEK

Managing director · since 28 mai 2015 · until 29 septembre 2023 · 0441.159.364

Represented by Jean Claude Dekoster

Ended

FRANTEDEK

Managing director · since 28 mai 2015 · 0441.159.364

Represented by Teresa CARMONA CATARINO

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates24/12/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office13/02/2020
SIEGE SOCIAL
PDF
Mandates29/11/2016
DEMISSIONS, NOMINATIONS
PDF
Other05/01/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/11/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
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 2025-14 k €↓
2024
Annual accounts 202419,2 k €↑
2023
Annual accounts 202313,5 k €↓
2022
Annual accounts 202213,6 k €↑
2021
Annual accounts 202111 k €↓
2019
Annual accounts 201913,3 k €↑
2018
Annual accounts 2018-14,7 k €↓
2017
Annual accounts 201740,5 k €↑
2016
Annual accounts 2016-42 k €↓
2015
Annual accounts 201536,9 k €↑
2014
Annual accounts 201425,9 k €↓
2013
Annual accounts 201370,7 k €↓
2012
Annual accounts 201285,7 k €↑
2011
Annual accounts 201176,3 k €↑
2010
Annual accounts 201066,3 k €↑
2009
Annual accounts 200962,6 k €↓
2008
Annual accounts 2008126,3 k €↑
2007
Annual accounts 2007115,6 k €↑
2006
Annual accounts 200663,1 k €
05/07/1990
IncorporationPrivate 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

TFA INTERNATIONAL

Overview

What does TFA INTERNATIONAL do?

Trend over 19 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