ACTIVE

TSF Factory

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Financial year 2025 · Closed on 31/12/2025

Net result-235,6 k €-177,0 %over 1 year

Gross margin58,2 k €-82,0 %over 1 year

Equity196 k €-54,6 %over 1 year

Workforce4,3 ETP-42,7 %over 1 year

Identity

Source · BCE/KBO

TSF Factory is a Private limited company incorporated in 2016. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Ans. It employs on average 4,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0655.703.370
Incorporation: 27/05/2016
Legal form: Private limited company
Registered office: Avenue de l'Energie 25
4432 Ans · WallonieSee on map
Contributed capital: 1 056 201,00 €
Latest accounts: 31/12/2025
Average workforce: 4,3 ETP

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 47400Retail sale of information and communication equipment in specialised stores 47430Retail sale of audio and video equipment in specialised stores 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods+4

Joint committees (2)

Signals

Solid equityGood liquidityHealthy social debts

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	58,2 k €	-82.0%	322,9 k €	-61.6%	840,1 k €	+50.6%	557,8 k €	-17.0%	672 k €
EBITDA	-184,7 k €	-3177%	-5,6 k €	-103%	182,3 k €	+1562%	-12,5 k €	-105%	236 k €
Operating result	-227 k €	-217%	-71,6 k €	+32.2%	-105,7 k €	+65.5%	-306,7 k €	-1156%	29 k €
Net result	-235,6 k €	-177%	-85 k €	+35.1%	-130,9 k €	+61.8%	-342,4 k €	-6126%	5,7 k €
Balance sheet
Equity	196 k €	-54.6%	431,5 k €	-16.5%	516,6 k €	-20.2%	647,5 k €	-34.6%	989,9 k €
Total assets	305 k €	-68.4%	965,5 k €	-44.6%	1,7 M €	-32.9%	2,6 M €	-0.8%	2,6 M €
Cash	11,7 k €	-5.6%	12,4 k €	+7.6%	11,5 k €	-26.3%	15,6 k €	-79.7%	77 k €
Debts	107,9 k €	-79.8%	533,9 k €	-56.3%	1,2 M €	-37.0%	1,9 M €	+19.9%	1,6 M €
Other
Workforce	4,3 ETP	-42.7%	7,5 ETP	-27.9%	10,4 ETP	+13.0%	9,2 ETP	+3.4%	8,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laurent Simon	Directorsince 24/05/2016Manager24/05/2016 → 2018 accountsended

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Avenue de l'Energie 25 4432 Ans

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A.R AUTOMOBILE● Bankrupt	0670.610.290
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DTS PARTNER● Active	0802.312.734
JLP IMMO● Active	1003.766.985
JONES TECHNICAL CONSULTING● Active	0461.621.812
JS CARRELAGE● Active	1017.306.702
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	08/07/2026	15/07/2025	18/07/2024	14/07/2023	07/07/2022	31/08/2021
General meeting	19/06/2026	24/06/2025	19/06/2024	05/07/2023	27/06/2022	28/06/2021
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, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	08/07/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	15/07/2025	French	PDF
Abridged model	31/12/2023	19/06/2024	18/07/2024	French	PDF
Abridged model	31/12/2022	05/07/2023	14/07/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	07/07/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	14/09/2020	05/10/2020	French	PDF
Abridged model	31/12/2018	03/07/2019	17/07/2019	French	PDF
Abridged model	31/12/2017	04/07/2018	17/07/2018	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laurent Simon	Directorsince 24/05/2016Manager24/05/2016 → 2018 accountsended

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/08/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office26/01/2023
SIEGE SOCIAL
PDF
Mandates03/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2021
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates28/02/2020
DENOMINATION - SIEGE SOCIAL - OBJET
PDF
Mandates22/03/2017
Modification de la dénomination - Modification des statuts
PDF
Other16/02/2017
ANNEE COMPTABLE
PDF
Other31/05/2016
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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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

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

Laurent Simon

20162017201820192020202120222023202420252026

TSF FactoryTSF.be Bruxelles

Avenue de l'Energie 25, 4432 Alleur

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue de l'Energie 25, 4432 AlleurCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00275132
rue de Mulhouse 36 bte EB, 4020 Liège-4020	accounts 2021	Accounts 2021 · 2022-20156804

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TSF FactoryCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00275132
TSF.be Bruxelles	accounts 2017 → 2018	Accounts 2018 · 2019-33800010

Events

2025
Annual accounts 2025-235,6 k €↓
2024
Annual accounts 2024-85 k €↑
2023
Annual accounts 2023-130,9 k €↑
2022
Annual accounts 2022-342,4 k €↓
2021
Annual accounts 20215,7 k €↑
2020
Annual accounts 2020-95,5 k €↓
2019
Annual accounts 2019115,2 €↓
2019
Name changeTSF Factory
2018
Annual accounts 201823 k €↑
2017
Annual accounts 2017446,8 €
27/05/2016
IncorporationPrivate limited company

TSF Factory

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