NORMAL SITUATION

TFA

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Financial year 2022 · closed on 31/12/2022

Net result

670,5 €

+101.7% YoY

Gross margin

1,5 k €

-98.4% YoY

Equity

107 k €

+0.6% YoY

Company — Normal situation.

What does TFA do?

TFA is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.126.046

Legal form

Private company with limited liability

Contributed capital

18 550,00 €

Latest accounts

31/12/2022

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 k €	-98.4%	94,2 k €	-37.2%	150,1 k €	-21.3%	190,7 k €	+39.0%	137,2 k €	+168%	51,3 k €	+112%	24,2 k €	+152%	-46,5 k €	+6.0%	-49,4 k €	-210%	45,1 k €	-30.8%	65,1 k €	+587%	-13,4 k €	+79.6%	-65,7 k €	-117%	384,1 k €	+45.7%	263,7 k €
EBITDA	1,5 k €	+105%	-32 k €	-144%	72,1 k €	-11.6%	81,5 k €	+435%	15,2 k €	+0.6%	15,1 k €	-32.9%	22,6 k €	+146%	-49,6 k €	+5.5%	-52,5 k €	-221%	43,3 k €	-28.5%	60,5 k €	+472%	-16,3 k €	+68.5%	-51,6 k €	-127%	190,8 k €	+29.1%	147,8 k €
Operating result	1,5 k €	+104%	-38,5 k €	-155%	69,8 k €	-11.5%	78,9 k €	+634%	10,8 k €	+7.6%	10 k €	-42.5%	17,4 k €	+132%	-54,9 k €	+5.8%	-58,3 k €	-257%	37,2 k €	-28.0%	51,7 k €	+310%	-24,6 k €	+60.6%	-62,4 k €	-136%	175,4 k €	+38.4%	126,7 k €
Net result	670,5 €	+102%	-38,9 k €	-178%	49,7 k €	-31.0%	72 k €	+829%	7,8 k €	+103%	3,8 k €	-77.8%	17,2 k €	+131%	-55,1 k €	+6.4%	-58,8 k €	-323%	26,4 k €	-48.7%	51,4 k €	+256%	-33,1 k €	+37.2%	-52,6 k €	-145%	117,7 k €	+49.8%	78,6 k €
Balance sheet
Equity	107 k €	+0.6%	106,3 k €	-23.7%	139,4 k €	+55.4%	89,7 k €	+406%	17,7 k €	+77.7%	10 k €	+61.9%	6,2 k €	+156%	-11 k €	-125%	44 k €	-57.2%	102,8 k €	+28.0%	80,3 k €	+178%	28,9 k €	-53.4%	62 k €	-45.9%	114,6 k €	+22.0%	93,9 k €
Total assets	113 k €	-37.8%	181,5 k €	-14.3%	211,8 k €	-10.0%	235,2 k €	+44.1%	163,3 k €	-22.2%	209,8 k €	+104%	102,8 k €	+363%	22,2 k €	-61.4%	57,5 k €	-60.8%	146,9 k €	-5.6%	155,6 k €	+10.2%	141,1 k €	+14.5%	123,3 k €	-67.5%	378,7 k €	+14.1%	331,8 k €
Cash	–		4,3 k €	+129%	1,9 k €	-85.1%	12,8 k €	+244%	3,7 k €	-76.0%	15,4 k €	+4192%	359,9 €	+96.8%	182,9 €	-95.1%	3,7 k €	+13.7%	3,3 k €	-14.8%	3,9 k €	+22.5%	3,1 k €	-52.0%	6,6 k €	-58.0%	15,6 k €	-41.8%	26,8 k €
Debts	6 k €	-92.0%	75,2 k €	+4.0%	72,3 k €	-50.3%	145,5 k €	+0.1%	145,4 k €	-26.7%	198,3 k €	+105%	96,6 k €	+191%	33,2 k €	+146%	13,5 k €	-69.4%	44,1 k €	-41.4%	75,3 k €	-32.9%	112,2 k €	+83.3%	61,2 k €	-76.8%	264,1 k €	+11.0%	237,8 k €
Other
Workforce	–		2,0 ETP	+53.8%	1,3 ETP	-35.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP		–		–		–		–		0,0 ETP		–		0,1 ETP	-97.7%	4,3 ETP	+48.3%	2,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 29 ended

Active mandates

The Future Alliance

bestuurder · 0450.710.302

Represented by Andreas Pfeffer

Active

Ended mandates

Meirlaen

Manager · since 22 décembre 2009 · 0876.015.809

Represented by PATRICK LOUIS MEIRLAEN

Ended

Geert FIERS

Manager · since 01 avril 2009

Ended

Meirlaen

Managing director · since 01 avril 2009 · until 29 décembre 2009 · 0876.015.809

Represented by Patrick MEIRLAEN

Ended

Meirlaen

Managing director · since 01 avril 2009 · until 06 mai 2013 · 0876.015.809

Represented by Patrick MEIRLAEN

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/07/2023	19/07/2022	19/07/2021	15/07/2020	23/07/2019	27/06/2018
General meeting	30/06/2023	30/06/2022	30/06/2021	30/06/2020	03/06/2019	04/06/2018
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/07/2012	07/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	09/07/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

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 31/12/2022 · 1 active · 29 ended

Active mandates

The Future Alliance

bestuurder · 0450.710.302

Represented by Andreas Pfeffer

Active

Ended mandates

Meirlaen

Manager · since 22 décembre 2009 · 0876.015.809

Represented by PATRICK LOUIS MEIRLAEN

Ended

Geert FIERS

Manager · since 01 avril 2009

Ended

Meirlaen

Managing director · since 01 avril 2009 · until 29 décembre 2009 · 0876.015.809

Represented by Patrick MEIRLAEN

Ended

Meirlaen

Managing director · since 01 avril 2009 · until 06 mai 2013 · 0876.015.809

Represented by Patrick MEIRLAEN

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 2022670,5 €↑
2021
Annual accounts 2021-38,9 k €↓
2018
Annual accounts 201849,7 k €↓
2017
Annual accounts 201772 k €↑
2016
Annual accounts 20167,8 k €↑
2015
Annual accounts 20153,8 k €↓
2014
Annual accounts 201417,2 k €↑
2013
Annual accounts 2013-55,1 k €↑
2012
Annual accounts 2012-58,8 k €↓
2011
Annual accounts 201126,4 k €↓
2010
Annual accounts 201051,4 k €↑
2009
Annual accounts 2009-33,1 k €↑
2008
Annual accounts 2008-52,6 k €↓
2007
Annual accounts 2007117,7 k €↑
2006
Annual accounts 200678,6 k €

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

Overview

What does TFA do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline