Summary
Thibault Buysschaert Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €88k and a net result of €34k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 8023 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
25 d late
2024
28 d early
2023
30 d early
2022
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▲ 27.8%
2024 · €69k
2022: €28k
2023: €51k
2024: €69k
2022 → 2025
Net result
€34k▲ 92.6%
2024 · €18k
2022: €27k
2023: €23k
2024: €18k
2022 → 2025
Total assets
€192k▼ 5.4%
2024 · €203k
2022: €232k
2023: €214k
2024: €203k
2022 → 2025
Solvency
45.8%▲ 11.9pp
2024 · 33.9%
2022: 12.0%
2023: 23.9%
2024: 33.9%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€51k▲ 83.4%€69k▲ 34.6%€88k▲ 27.8%
Operating result€44k-€37k▼ 14.5%€31k▼ 17.0%€52k▲ 69.6%
Net result€27k-€23k▼ 13.5%€18k▼ 23.8%€34k▲ 92.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€184k ▼ 5.0%
Current assets
€8k ▼ 14.4%
Equity and liabilities €192k
Equity
€88k ▲ 27.8%
Debt
€104k ▼ 22.4%
Debt's share of the balance-sheet total falls from 66.1% to 54.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
38.8%▲
2024 · 25.7%
ROA
17.8%▲
2024 · 8.7%
Debt ≤ 1 year
€73k▲
2024 · €68k
Debt > 1 year
€31k▼
2024 · €65k
Income taxes
€14k▲
2024 · €7k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€203k€192k▼
Fixed assets21/28€194k€184k▼
Tangible fixed assets22/27€31k€22k▼
Plant, machinery and equipment23€909€696▼
Furniture and vehicles24€248€2k▲
Other tangible fixed assets26€30k€19k▼
Financial fixed assets28€162k€162k=
Current assets29/58€9k€8k▼
Amounts receivable within one year40/41€2k€0▼
Trade receivables40€1k€0▼
Other amounts receivable41€95€0▼
Cash at bank and in hand54/58€8k€8k▲
Deferred charges and accrued income490/1€88€0▼
Equity and liabilities
Total equity and liabilities10/49€203k€192k▼
Equity10/15€69k€88k▲
Contributions10/11€1k€1k=
Reserves13€68k€87k▲
Distributable reserves133€68k€87k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€134k€104k▼
Amounts payable after more than one year17€65k€31k▼
Financial debts170/4€65k€31k▼
Amounts payable within one year42/48€68k€73k▲
Current portion of amounts payable after more than one year42€43k€35k▼
Financial debts43-€270
Credit institutions430/8-€270
Trade debts44€657€1k▲
Suppliers440/4€657€1k▲
Taxes, remuneration and social security45€15k€23k▲
Taxes450/3€15k€23k▲
Other amounts payable47/48€9k€14k▲
Accrued charges and deferred income492/3€326€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€46k€70k▲
Operating profit (loss)9901€31k€52k▲
Financial income75/76B€60€361▲
Recurring financial income75€60€361▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€25k€48k▲
Income taxes67/77€7k€14k▲
Profit (loss) for the period9904€18k€34k▲
Profit (loss) for the period to be appropriated9905€18k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€34k▲
Transfer from equity791/2-€15k
Transfer to equity691/2€18k€34k▲
To other reserves6921€18k€34k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2022net €34k ▲92.6%
Operating result €52k, net result €34k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €18k ▼23.8%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortemark · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mollestraat 68610 KortemarkGround area
6,770 m²
Building footprint
269 m²
Volume, LiDAR
640 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thibault Buysschaert Management
since 20212.323.458.717
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027C0372/00A000 | Flanders | 6,053 m² | 1 · 127 m² | 8.2 m · 2 fl. |
| 32027C0377/00N000 | Flanders | 716 m² | 1 · 142 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PERSYN TECHNICS
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BE 0680.999.089
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FRANCK
BE 0891.246.292
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Arthe
BE 0787.837.463
Sint-Niklaas · Eq €88,029
S&A Enterprises
BE 0772.827.605
Overijse · Eq €88,055
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 12,009 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2021
Fiscal year end31-12
Abbreviation NL
TBM
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.