TBLI
ActiveSummary
The computed 12-month bankruptcy probability of TBLI is 2.8% (moderate). The 2024 annual accounts show negative equity (€-6k) and a net result of €-11k. Equity is shrinking by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 6720 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-84
Solvency24▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.97 in 2023; short-term debt: 101% and cash: 2.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-1%
Return on assets
-2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
85 d late
2022
226 d late
2021
208 d late
2020
122 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-11k
2023 · €42k
2018: €48khighest in 7 years
2019: €-34k▼ -171% vs 2018
2020: €-22k▲ +35.9% vs 2019
2021: €9k▲ +139% vs 2020
2022: €-110k▼ -1372% vs 2021lowest in 7 years
2023: €42k▲ +138% vs 2022
2024: €-11k▼ -127% vs 2023
2018 → 2024
Working capital
€-17k▼ 272%
2023 · €-4k
2019: €153khighest in 6 years
2020: €96k▼ -37.0% vs 2019
2021: €121k▲ +25.6% vs 2020
2022: €-46k▼ -138% vs 2021lowest in 6 years
2023: €-4k▲ +90.3% vs 2022
2024: €-17k▼ -272% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€73k▲ 13.4%€-37k€5k€-6k
2020: €64k
2021: €73k▲ +13.4% vs 2020highest in 5 years
2022: €-37k▼ -151% vs 2021lowest in 5 years
2023: €5k▲ +114% vs 2022
2024: €-6k▼ -211% vs 2023
Operating result€-22k-€24k€-102k€43k€-11k
2020: €-22k
2021: €24k▲ +210% vs 2020
2022: €-102k▼ -531% vs 2021lowest in 5 years
2023: €43k▲ +142% vs 2022highest in 5 years
2024: €-11k▼ -126% vs 2023
Net result€-22k-€9k€-110k€42k€-11k
2020: €-22k
2021: €9k▲ +139% vs 2020
2022: €-110k▼ -1372% vs 2021lowest in 5 years
2023: €42k▲ +138% vs 2022highest in 5 years
2024: €-11k▼ -127% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11k after €43k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564k
Fixed assets
€11k ▲ 8.8%
Current assets
€553k ▲ 346%
Key figures and ratios
EBITDA
€-9k▼
2023 · €43k
Cash flow
€-10k▼
2023 · €43k
Solvency
-1.0%▼
2023 · 4.0%
Current ratio
0.97▲
2023 · 0.97
Debt to equity
-96.29▼
2023 · 24.19
ROA
-2.0%▼
2023 · 31.4%
Interest coverage
-39.28▼
2023 · 73.14
Debt
€570k▲
2023 · €128k
Debt ≤ 1 year
€570k▲
2023 · €128k
Staff costs
€62k▲
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€134k€564k▲
Fixed assets21/28€10k€11k▲
Tangible fixed assets22/27€837€2k▲
Plant, machinery and equipment23€837€2k▲
Financial fixed assets28€9k€9k=
Current assets29/58€124k€553k▲
Amounts receivable within one year40/41€123k€539k▲
Trade receivables40€108k€518k▲
Other amounts receivable41€16k€21k▲
Cash at bank and in hand54/58€645€14k▲
Equity and liabilities
Total equity and liabilities10/49€134k€564k▲
Equity10/15€5k€-6k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-16k€-27k▼
Amounts payable17/49€128k€570k▲
Amounts payable within one year42/48€128k€570k▲
Financial debts43€3k€55▼
Credit institutions430/8€3k€55▼
Trade debts44-€415k
Suppliers440/4-€415k
Advances received on contracts in progress46€48k-
Taxes, remuneration and social security45-€3k
Taxes450/3-€551
Remuneration and social security454/9-€2k
Other amounts payable47/48€78k€152k▲
Accrued charges and deferred income492/3€120€120=
Income statement
Code20232024
Remuneration, social security and pensions62€36k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€780€2k▲
Other operating charges640/8-€3k
Non-recurring operating charges66A-€11k
Gross operating margin9900€79k€66k▼
Operating profit (loss)9901€43k€-11k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€594€240▼
Recurring financial charges65€594€240▼
Profit (loss) for the period before taxes9903€42k€-11k▼
Profit (loss) for the period9904€42k€-11k▼
Profit (loss) for the period to be appropriated9905€42k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-27k▼
Profit (loss) brought forward from the previous period14P€-58k€-16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €67k | - | - | - |
| Remuneration, social security and pensions62 | - | €5k | €24k | €36k | €62k | ▲ 75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €18k | €780 | €2k | ▲ 102% |
| Other operating charges640/8 | - | €581 | - | - | €3k | - |
| Non-recurring operating charges66A | - | - | - | - | €11k | - |
| Gross operating margin9900 | €11k | €47k | €-60k | €79k | €66k | ▼ 16.3% |
| Operating profit (loss)9901 | €-22k | €24k | €-102k | €43k | €-11k | ▼ 126% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | €11 | - | - | - | €3 | - |
| Financial charges65/66B | - | €1k | €1k | €594 | €240 | ▼ 59.6% |
| Recurring financial charges65 | €451 | €1k | €1k | €594 | €240 | ▼ 59.6% |
| Profit (loss) for the period before taxes9903 | €-22k | €22k | €-103k | €42k | €-11k | ▼ 127% |
| Income taxes67/77 | - | €14k | €6k | - | - | - |
| Profit (loss) for the period9904 | €-22k | €9k | €-110k | €42k | €-11k | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €9k | €-110k | €42k | €-11k | ▼ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €140k | €109k | €134k | €564k | ▲ 322% |
| Fixed assets21/28 | €35k | €18k | €11k | €10k | €11k | ▲ 8.8% |
| Tangible fixed assets22/27 | €34k | €18k | €2k | €837 | €2k | ▲ 103% |
| Plant, machinery and equipment23 | - | €1k | €2k | €837 | €2k | ▲ 103% |
| Furniture and vehicles24 | - | €17k | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €9k | €9k | €9k | = |
| Current assets29/58 | €123k | €121k | €98k | €124k | €553k | ▲ 346% |
| Amounts receivable within one year40/41 | €112k | €103k | €70k | €123k | €539k | ▲ 337% |
| Trade receivables40 | - | €63k | €31k | €108k | €518k | ▲ 381% |
| Other amounts receivable41 | - | €40k | €40k | €16k | €21k | ▲ 36.4% |
| Cash at bank and in hand54/58 | €11k | €8k | €23k | €645 | €14k | ▲ 2,138% |
| Deferred charges and accrued income490/1 | - | €10k | €5k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €140k | €109k | €134k | €564k | ▲ 322% |
| Equity10/15 | €64k | €73k | €-37k | €5k | €-6k | ▼ 211% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €43k | €52k | €-58k | €-16k | €-27k | ▼ 72.1% |
| Provisions and deferred taxes16 | €67k | €67k | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €67k | - | - | - | - |
| Pensions and similar obligations160 | - | €67k | - | - | - | - |
| Amounts payable17/49 | €27k | €648 | €145k | €128k | €570k | ▲ 344% |
| Amounts payable within one year42/48 | €27k | €648 | €144k | €128k | €570k | ▲ 344% |
| Financial debts43 | - | - | - | €3k | €55 | ▼ 98.1% |
| Credit institutions430/8 | - | - | - | €3k | €55 | ▼ 98.1% |
| Trade debts44 | €26k | - | €129k | - | €415k | - |
| Suppliers440/4 | - | - | €129k | - | €415k | - |
| Advances received on contracts in progress46 | - | - | - | €48k | - | - |
| Taxes, remuneration and social security45 | - | €648 | €15k | - | €3k | - |
| Taxes450/3 | - | €648 | €15k | - | €551 | - |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | - | - | €78k | €152k | ▲ 95.4% |
| Accrued charges and deferred income492/3 | - | - | €1k | €120 | €120 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €9k | €-110k | €42k | €-11k | ▼ 127% |
| + Depreciation and write-downs630 | €17k | €17k | €18k | €780 | €2k | ▲ 102% |
| Operating cash flow (approximation) | €-5k | €26k | €-92k | €43k | €-10k | ▼ 123% |
| Investment in fixed assets (approximation) | - | €-1k | €-10k | €0 | €-2k | ▼ 904,767% |
| Change in cash | - | €-3k | €15k | €-22k | €14k | ▲ 162% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 226 days late
2023
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 208 days late
2022
31-12
Financial
Weakest financial yearnet €-110k
Net result drops to €-110k, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity times 41current ratio 187.42
Current ratio from 4.59 to 187.42; short-term debt falls from €27k to €648.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 122 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 229 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 97 days late
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 128 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
3,724 m²
Building footprint
1,306 m²
Volume, LiDAR
98,133 m³
Parcel 21009A0769/00S002, Brussels · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
406
companies at this address
See who is registered here
1 establishment unit
TBTRANS EUROPE
since 20012.098.015.869
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 2,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
52250Logistics services
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Contact
E-mail
info@ideetrading.com
Phone
028887791
Scores and ratios are computed by Checked and are not a credit decision.