ACTIVE

T.P.F. HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

5,7 M €

+603.0% YoY

Gross margin

-1,9 k €

-2106.5% YoY

Equity

9,1 M €

+20.4% YoY

What does T.P.F. HOLDING do?

T.P.F. HOLDING is a Public limited company incorporated in 1999. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.977.497

Incorporation

05/10/1999

Legal form

Public limited company

Registered office

Avenue de Haveskercke 46
1190 Forest · BruxellesSee on map

Contributed capital

6 159 442,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-1,9 k €	-2107%	-85,1 €	+63.6%	-233,8 €	+63.1%	-634 €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-2,9 k €	-173%	-1,1 k €	+11.8%	-1,2 k €	+20.5%	-1,5 k €	-2.5%	-1,5 k €	-24.9%	-1,2 k €	+6.0%	-1,2 k €	-7.2%	-1,2 k €	+20.0%	-1,5 k €	-13.0%	-1,3 k €	+27.1%	-1,8 k €	-37.7%	-1,3 k €	+6.3%	-1,4 k €	-21.4%	-1,1 k €	+37.0%	-1,8 k €	-35.8%	-1,3 k €	+79.2%	-6,3 k €	+48.5%	-12,3 k €	-727%	-1,5 k €	+38.5%	-2,4 k €
Operating result	-2,9 k €	-173%	-1,1 k €	+11.8%	-1,2 k €	+20.5%	-1,5 k €	-2.5%	-1,5 k €	-24.9%	-1,2 k €	+6.0%	-1,2 k €	-7.2%	-1,2 k €	+20.0%	-1,5 k €	-13.0%	-1,3 k €	+27.1%	-1,8 k €	-37.7%	-1,3 k €	+6.3%	-1,4 k €	-21.4%	-1,1 k €	+37.0%	-1,8 k €	-35.8%	-1,3 k €	+79.2%	-6,3 k €	+48.5%	-12,3 k €	-727%	-1,5 k €	+38.5%	-2,4 k €
Net result	5,7 M €	+603%	811,2 k €	+41735%	-1,9 k €	+7.8%	-2,1 k €	-100%	2,9 M €	+1960%	-154,7 k €	-10.5%	-139,9 k €	-108%	1,8 M €	+549%	-409,2 k €	-1445%	-26,5 k €	-76.3%	-15 k €	+3.3%	-15,5 k €	+4.0%	-16,2 k €	+62.8%	-43,5 k €	-126%	169,4 k €	+393%	34,4 k €	+168%	-50,8 k €	+18.0%	-61,9 k €	-0.6%	-61,5 k €	+30.9%	-89 k €
Balance sheet
Equity	9,1 M €	+20.4%	7,6 M €	+12.0%	6,8 M €	-9.7%	7,5 M €	-0.0%	7,5 M €	+15.3%	6,5 M €	-3.0%	6,7 M €	-5.5%	7,1 M €	-14.2%	8,3 M €	-4.7%	8,7 M €	-0.3%	8,7 M €	-0.2%	8,7 M €	-0.2%	8,7 M €	-0.2%	8,8 M €	-0.5%	8,8 M €	+2.0%	8,6 M €	+0.4%	8,6 M €	-0.6%	8,6 M €	-0.7%	8,7 M €	-0.7%	8,8 M €
Total assets	15,6 M €	-3.0%	16,1 M €	+4.9%	15,3 M €	+13.4%	13,5 M €	-12.2%	15,4 M €	+10.8%	13,9 M €	+1.0%	13,8 M €	-52.1%	28,7 M €	+12.0%	25,6 M €	+5.1%	24,4 M €	+152%	9,7 M €	+0.1%	9,7 M €	+0.0%	9,7 M €	-0.0%	9,7 M €	-50.2%	19,5 M €	+106%	9,4 M €	+0.5%	9,4 M €	-0.4%	9,4 M €	-13.8%	10,9 M €	+5.2%	10,4 M €
Cash	10,9 k €	+57.5%	6,9 k €	+291%	1,8 k €	+138%	741,9 €	-30.9%	1,1 k €	-24.4%	1,4 k €	+1072%	121,1 €	-91.5%	1,4 k €	+983%	130,8 €	-58.6%	315,7 €	-84.3%	2 k €	-31.1%	2,9 k €	-53.1%	6,2 k €	-32.2%	9,2 k €	-99.3%	1,4 M €	+1600%	79,9 k €	+103%	39,3 k €	-49.8%	78,3 k €	+5941%	1,3 k €	+49.5%	867,5 €
Debts	6,4 M €	-23.9%	8,5 M €	-0.8%	8,5 M €	+42.3%	6 M €	-23.8%	7,9 M €	+6.7%	7,4 M €	+4.8%	7 M €	-67.4%	21,6 M €	+24.4%	17,3 M €	+10.6%	15,7 M €	+1502%	979,6 k €	+2.2%	958,5 k €	+2.0%	939,6 k €	+1.4%	926,7 k €	-91.1%	10,5 M €	+1182%	815,9 k €	+1.9%	800,5 k €	+1.9%	785,2 k €	-62.4%	2,1 M €	+70.9%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

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

Active mandates

CHRISTOPHE MR.GILAIN

Managing director

Active

THOMAS MR SPITAELS

Managing director

Active

Ended mandates

ALBATER

Director · 0443.858.637

Represented by Thomas Mr.SPITAELS

Ended

ALBATER

Director · 0443.858.637

Represented by Thomas Mr.SPITAELS

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	29/07/2026	24/07/2025	22/07/2024	26/09/2023	01/07/2022	01/07/2021
General meeting	20/07/2026	22/07/2025	03/07/2024	18/08/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/07/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	22/07/2025	24/07/2025	French	PDF
Abridged model	31/12/2023	03/07/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	18/08/2023	26/09/2023	French	PDF
Full model	31/12/2021	30/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	03/08/2020	French	PDF
Full model	31/12/2018	03/06/2019	27/06/2019	French	PDF
Full model	31/12/2017	29/06/2018	16/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	19/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	08/07/2015	French	PDF
Full model	31/12/2013	28/05/2014	16/06/2014	French	PDF
Full model	31/12/2012	28/06/2013	28/06/2013	French	PDF
Full model	31/12/2011	15/06/2012	29/06/2012	French	PDF
Full model	31/12/2010	08/06/2011	20/06/2011	French	PDF
Full model	31/12/2009	09/06/2010	05/07/2010	French	PDF
Full model	31/12/2008	16/06/2009	29/06/2009	French	PDF
Full model	31/12/2007	24/04/2008	15/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

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

Active mandates

CHRISTOPHE MR.GILAIN

Managing director

Active

THOMAS MR SPITAELS

Managing director

Active

Ended mandates

ALBATER

Director · 0443.858.637

Represented by Thomas Mr.SPITAELS

Ended

ALBATER

Director · 0443.858.637

Represented by Thomas Mr.SPITAELS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other26/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2007
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 20255,7 M €↑
2024
Annual accounts 2024811,2 k €↑
2023
Annual accounts 2023-1,9 k €↑
2022
Annual accounts 2022-2,1 k €↓
2021
Annual accounts 20212,9 M €↑
2021
Name changeTPF HOLDING
2020
Annual accounts 2020-154,7 k €↓
2019
Annual accounts 2019-139,9 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 2017-409,2 k €↓
2016
Annual accounts 2016-26,5 k €↓
2015
Annual accounts 2015-15 k €↑
2014
Annual accounts 2014-15,5 k €↑
2013
Annual accounts 2013-16,2 k €↑
2012
Annual accounts 2012-43,5 k €↓
2011
Annual accounts 2011169,4 k €↑
2010
Annual accounts 201034,4 k €↑
2009
Annual accounts 2009-50,8 k €↑
2008
Annual accounts 2008-61,9 k €↓
2007
Annual accounts 2007-61,5 k €↑
2006
Annual accounts 2006-89 k €
2006
Name changeT.P.F. HOLDING
05/10/1999
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. HOLDING

Overview

What does T.P.F. HOLDING do?

Trend over 20 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