ACTIVE

TNFO

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Financial year 2025 · Closed on 31/12/2025

Net result38,2 M €-36,3 %over 1 year
Gross margin-1,9 M €-3,3 %over 1 year
Equity1,1 Md €+3,7 %over 1 year
Workforce7,2 ETP+33,3 %over 1 year

Identity

Source · BCE/KBO

TNFO is a Public limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Sint-Genesius-Rode. It employs on average 7,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0778.919.797
Incorporation
21/12/2021
Legal form
Public limited company
Registered office
Avenue des Genêts 12
1640 Sint-Genesius-Rode · FlandreSee on map
Contributed capital
29 544 860,00 €
Latest accounts
31/12/2025
Average workforce
7,2 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-1,9 M €-1,8 M €-1,2 M €-1 M €
EBITDA-2,9 M €-2,7 M €-2,1 M €-1,7 M €
Operating result-2,9 M €-2,8 M €-2,2 M €-1,7 M €
Net result38,2 M €60 M €9,9 M €193,3 M €
Balance sheet
Equity1,1 Md €1 Md €964,4 M €954,5 M €
Total assets1,1 Md €1 Md €986,3 M €1,1 Md €
Cash4,7 M €519 k €797,9 k €1,5 M €
Debts44,6 M €1,1 M €21,2 M €128,8 M €
Other
Workforce7,2 ETP5,4 ETP4,9 ETP3,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Alain Nijs
Director17/12/2021 → 18/06/2027
Anouk Schoors
Director17/12/2021 → 18/06/2027
Els Thermote
Director17/12/2021 → 18/06/2027
Louis Dhont
Director17/12/2021 → 18/06/2027
WELAKO0508.580.995Represented by John Laebens
Director17/12/2021 → 18/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Laurent Vannest
Director17/12/2021 → 2024 accounts
Louis Peter Dhont
Director17/12/2021 → 2024 accounts

Other companies at this address

Avenue des Genêts 12 1640 Sint-Genesius-Rode
CompanyCBE no.
DIFG● Active
0765.556.761
Food As Medicine Foundation● Active
1003.990.778
GM-ADVIES● Active
0807.218.261
NESTT● Active
0456.417.464

Full financial information

Source · NBB
2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202321/12/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months13 months
Filing date17/07/202618/07/202529/07/202414/07/2023
General meeting19/06/202620/06/202530/06/202416/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202617/07/2026DutchPDF
Abridged model31/12/202420/06/202518/07/2025DutchPDF
Abridged model31/12/202330/06/202429/07/2024DutchPDF
Abridged model31/12/202216/06/202314/07/2023DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Alain Nijs
Director17/12/2021 → 18/06/2027
Anouk Schoors
Director17/12/2021 → 18/06/2027
Els Thermote
Director17/12/2021 → 18/06/2027
Louis Dhont
Director17/12/2021 → 18/06/2027
WELAKO0508.580.995Represented by John Laebens
Director17/12/2021 → 18/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Laurent Vannest
Director17/12/2021 → 2024 accounts
Louis Peter Dhont
Director17/12/2021 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/02/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other06/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other06/12/2022
    DIVERSEN
    PDF
  • Mandates04/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/12/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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
Filings4 filings
Mandates
WELAKO
Anouk Schoors
Louis Dhont
Alain Nijs
Els Thermote
Louis Peter Dhont
Laurent Vannest
2021202220232024202520262027
TNFO
Avenue des Genêts 12, 1640 Rhode-Saint-Genèse
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue des Genêts 12, 1640 Rhode-Saint-GenèseCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00319675

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
TNFOCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00319675

Events

  1. 2025
    Annual accounts 202538,2 M €↓
  2. 2024
    Annual accounts 202460 M €↑
  3. 2023
    Annual accounts 20239,9 M €↓
  4. 2022
    Annual accounts 2022193,3 M €
  5. 21/12/2021
    IncorporationPublic limited company