TIBO
ActiveTIBO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501k and a net result of €5k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 78% of 2152 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+15
Solvency92▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.12 in 2024; short-term debt: 29.4% and cash: 13.3% of total assets), and 33.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.9%
Return on assets
0.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d early
2022
4 d early
2021
62 d early
2020
39 d early
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€501k▲ 0.9%
2024 · €496k
2019: €502k
2020: €504k
2021: €502k
2022: €510k
2023: €508k
2024: €496k
2019 → 2025
Total assets
€748k▲ 4.5%
2024 · €716k
2019: €780k
2020: €740k
2021: €774k
2022: €755k
2023: €749k
2024: €716k
2019 → 2025
Net result
€5k
2024 · €-11k
2019: €27k
2020: €3k
2021: €-2k
2022: €7k
2023: €-2k
2024: €-11k
2019 → 2025
Working capital
€215k▼ 0.5%
2024 · €216k
2019: €86k
2020: €125k
2021: €127k
2022: €169k
2023: €203k
2024: €216k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€502k-€510k▲ 1.5%€508k▼ 0.4%€496k▼ 2.2%€501k▲ 0.9%
Operating result€4k-€20k▲ 403%€7k▼ 64.5%€-2k€18k
Net result€-2k-€7k€-2k€-11k▼ 446%€5k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €748k
Fixed assets
€313k▲ 2.0%
Current assets
€435k▲ 6.4%
Equity and liabilities €748k
Equity
€501k▲ 0.9%
Provisions
€14k▼ 7.3%
Debt
€233k▲ 14.0%
The debt ratio rises from 28.5% to 31.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €24k
Cash flow
€32k▲
2024 · €15k
Solvency
66.9%▼
2024 · 69.3%
Current ratio
1.98▼
2024 · 2.12
Quick ratio
1.29▲
2024 · 1.28
Debt / equity
0.47▲
2024 · 0.41
ROE
0.9%▲
2024 · -2.3%
ROA
0.6%▲
2024 · -1.6%
Interest coverage
3.40▲
2024 · 1.97
Debt
€233k▲
2024 · €204k
Debt ≤ 1 year
€220k▲
2024 · €193k
Income taxes
€2k▲
2024 · €0
Staff costs
€124k▲
2024 · €112k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€716k€748k▲
Fixed assets21/28€307k€313k▲
Tangible fixed assets22/27€292k€297k▲
Land and buildings22€279k€260k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€5k€32k▲
Financial fixed assets28€15k€15k▲
Current assets29/58€409k€435k▲
Stocks and contracts in progress3€162k€152k▼
Stocks30/36€162k€152k▼
Amounts receivable within one year40/41€143k€184k▲
Trade receivables40€128k€174k▲
Other amounts receivable41€15k€10k▼
Cash at bank and in hand54/58€102k€99k▼
Deferred charges and accrued income490/1€3k€145▼
Equity and liabilities
Total equity and liabilities10/49€716k€748k▲
Equity10/15€496k€501k▲
Contributions10/11€349k€349k=
Reserves13€148k€152k▲
Tax-exempt reserves132€45k€41k▼
Distributable reserves133€103k€111k▲
Provisions and deferred taxes16€15k€14k▼
Deferred taxes168€15k€14k▼
Amounts payable17/49€204k€233k▲
Amounts payable within one year42/48€193k€220k▲
Trade debts44€23k€29k▲
Suppliers440/4€23k€29k▲
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€1k€499▼
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€165k€183k▲
Accrued charges and deferred income492/3€11k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€112k€124k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€28k▲
Other operating charges640/8€8k€8k▼
Gross operating margin9900€145k€178k▲
Operating profit (loss)9901€-2k€18k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€-12k€6k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€-11k€5k▲
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-8k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€8k▲
Transfer from equity791/2€8k€0▼
Transfer to equity691/2€0€8k▲
To other reserves6921€0€8k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (12 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-06
Financial
Equity above €500kEq €501k ▲0.9%
Equity rises from €496k to €501k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Torhout · 1 establishment unit since 1984
Ground area
2,717 m²
Building footprint
1,528 m²
Parcel 31522B0423/00M000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Atelierstraat 18, 8820 Torhout
since 19842.024.635.468
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0423/00M000 | Flanders | 2,717 m² | 1 · 1,528 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 120 EUR awarded · 120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 120 EUR | 120 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
12 categoriesTIBO BV17195
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ALTURA ACCESS
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 9,209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-1984
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45211
45421
43110Demolition
45111
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.