T & B Development
ActiveSummary
T & B Development has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €965,736 and a net result of -€16,862. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 19364 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-8
Solvency55▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 4.66 against 12.18 in 2023; short-term debt: 17.9% and cash: 3.7% of total assets), but 70.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
29.8%
Return on assets
-0.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
30 d early
2022
25 d early
2021
30 d early
2020
32 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€965,736▼ 1.7%
2023 · €982,598
Total assets
€3.2m▼ 27.9%
2023 · €4.5m
Net result
-€16,862
2023 · €37,981
Working capital
€2.1m▼ 41.2%
2023 · €3.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€164,342▼ 64.0%€216,642▲ 31.8%€62,885▼ 71.0%€155,543▲ 147%€111,531▼ 28.3%
Net result€91,155▼ 67.2%€131,541▲ 44.3%€3,606▼ 97.3%€37,981▲ 953%-€16,862
Equity€811,102▲ 12.5%€941,844▲ 16.1%€945,450▲ 0.4%€982,598▲ 3.9%€965,736▼ 1.7%
Total assets€1.9m▲ 32.7%€2.1m▲ 7.6%€3.2m▲ 52.1%€4.5m▲ 41.2%€3.2m▼ 27.9%
Debt€1.1m▲ 52.3%€1.2m▲ 1.5%€2.2m▲ 94.4%€3.5m▲ 57.0%€2.3m▼ 35.2%
Working capital€1.5m▲ 6.4%€2.0m▲ 30.3%€2.1m▲ 4.2%€3.6m▲ 75.9%€2.1m▼ 41.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -97%, Total assets +52% on 2021. Cause not known from the registers.
- 2020 Net result -67% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets
€541,535 ▼ 4.3%
Current assets
€2.7m ▼ 31.3%
Equity and liabilities €3.2m
Equity
€965,736 ▼ 1.7%
Debt
€2.3m ▼ 35.2%
Debt's share of the balance-sheet total falls from 78.1% to 70.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€135,831▼
2023 · €179,843
Cash flow
€7,438▼
2023 · €62,281
Current ratio
4.66▼
2023 · 12.18
Quick ratio
1.36▼
2023 · 4.64
Debt to equity
2.35▼
2023 · 3.57
ROE
-1.7%▼
2023 · 3.9%
ROA
-0.5%▼
2023 · 0.8%
Interest coverage
1.06▼
2023 · 1.81
Debt ≤ 1 year
€579,137▲
2023 · €322,646
Debt > 1 year
€1.7m▼
2023 · €3.2m
Income taxes
€0▼
2023 · €18,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,501 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €500 | €1,365 | €24,300 | €24,300 | = |
| Other operating charges640/8 | - | €2,148 | €1,272 | €4,427 | €4,583 | ▲ 3.5% |
| Gross operating margin9900 | €167,913 | €219,290 | €65,523 | €184,270 | €140,414 | ▼ 23.8% |
| Operating profit (loss)9901 | €164,342 | €216,642 | €62,885 | €155,543 | €111,531 | ▼ 28.3% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €80 | - | - | €0 | - | - |
| Financial charges65/66B | - | €28,773 | €57,800 | €99,432 | €128,393 | ▲ 29.1% |
| Recurring financial charges65 | €37,107 | €28,773 | €57,800 | €99,432 | €128,393 | ▲ 29.1% |
| Profit (loss) for the period before taxes9903 | €127,315 | €187,869 | €5,085 | €56,111 | -€16,862 | ▼ 130% |
| Income taxes67/77 | €36,160 | €56,327 | €1,480 | €18,130 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €91,155 | €131,541 | €3,606 | €37,981 | -€16,862 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | €91,155 | €131,541 | €3,606 | €37,981 | -€16,862 | ▼ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €3.2m | €4.5m | €3.2m | ▼ 27.9% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €1,000 | €500 | €590,135 | €565,835 | €541,535 | ▼ 4.3% |
| Tangible fixed assets22/27 | €1,000 | €500 | €590,135 | €565,835 | €541,535 | ▼ 4.3% |
| Land and buildings22 | - | - | €590,135 | €565,835 | €541,535 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | €500 | - | €0 | €0 | - |
| Current assets29/58 | €1.9m | €2.1m | €2.6m | €3.9m | €2.7m | ▼ 31.3% |
| Stocks and contracts in progress3 | €1.1m | €1.6m | €2.3m | €2.4m | €1.9m | ▼ 21.4% |
| Stocks30/36 | - | €1.6m | €2.3m | €2.4m | €1.9m | ▼ 21.4% |
| Amounts receivable within one year40/41 | €769,960 | €402,241 | €39,591 | €1.4m | €657,209 | ▼ 51.8% |
| Trade receivables40 | - | - | - | €61,200 | €15,246 | ▼ 75.1% |
| Other amounts receivable41 | - | €402,241 | €39,591 | €1.3m | €641,963 | ▼ 50.7% |
| Cash at bank and in hand54/58 | €95,965 | €131,958 | €206,788 | €131,550 | €118,395 | ▼ 10.0% |
| Deferred charges and accrued income490/1 | - | €396 | €405 | €2,950 | €10,362 | ▲ 251% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €3.2m | €4.5m | €3.2m | ▼ 27.9% |
| Equity10/15 | €811,102 | €941,844 | €945,450 | €982,598 | €965,736 | ▼ 1.7% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €792,510 | €923,252 | €926,858 | €964,006 | €947,144 | ▼ 1.7% |
| Non-distributable reserves130/1 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €921,393 | €926,858 | €964,006 | €947,144 | ▼ 1.7% |
| Amounts payable17/49 | €1.1m | €1.2m | €2.2m | €3.5m | €2.3m | ▼ 35.2% |
| Amounts payable after more than one year17 | €700,000 | €1.0m | €1.7m | €3.2m | €1.7m | ▼ 46.9% |
| Financial debts170/4 | - | - | €650,130 | €2.1m | €649,844 | ▼ 69.7% |
| Other amounts payable178/9 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €434,295 | €125,212 | €542,113 | €322,646 | €579,137 | ▲ 79.5% |
| Current portion of amounts payable after more than one year42 | - | - | €27,088 | €28,121 | €29,194 | ▲ 3.8% |
| Financial debts43 | - | - | €350,000 | €250,000 | €250,000 | = |
| Credit institutions430/8 | - | - | €350,000 | €250,000 | €250,000 | = |
| Trade debts44 | €169 | €98 | €127 | €1,707 | €1,096 | ▼ 35.8% |
| Suppliers440/4 | - | €98 | €127 | €1,707 | €1,096 | ▼ 35.8% |
| Taxes, remuneration and social security45 | - | €16,327 | €21,002 | €22,903 | €23,443 | ▲ 2.4% |
| Taxes450/3 | - | €16,327 | €15,253 | €22,903 | €15,223 | ▼ 33.5% |
| Remuneration and social security454/9 | - | - | €5,748 | - | €8,220 | - |
| Other amounts payable47/48 | - | €108,787 | €143,897 | €19,915 | €275,404 | ▲ 1,283% |
| Accrued charges and deferred income492/3 | - | €813 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,155 | €131,541 | €3,606 | €37,981 | -€16,862 | ▼ 144% |
| + Depreciation and write-downs630 | €500 | €500 | €1,365 | €24,300 | €24,300 | = |
| Operating cash flow (approximation) | €91,655 | €132,041 | €4,971 | €62,281 | €7,438 | ▼ 88.1% |
| Investment in fixed assets (approximation) | - | €0 | -€591,000 | €0 | €0 | - |
| Change in cash | - | €35,993 | €74,829 | -€75,238 | -€13,155 | ▲ 82.5% |
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
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€16,862
Net result drops to -€16,862, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 12.18
Current ratio from 4.78 to 12.18; short-term debt falls from €542,113 to €322,646.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 16.71
Current ratio from 4.48 to 16.71; short-term debt falls from €434,295 to €125,212.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €277,929 ▲228%
Operating result €456,627, net result €277,929, both a record.
31-12
Financial
Liquidity times 11current ratio 32.54
Current ratio from 2.87 to 32.54; short-term debt falls from €608,763 to €45,001.
31-12
Financial
Equity above €500,000Eq €720,748 ▲62.5%
2 profitable years in a row build equity to €720,748.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Geel · 1 establishment unit since 2000
Ground area
1,170 m²
Building footprint
249 m²
Volume, LiDAR
1,778 m³
Parcel 13373K0925/00G012, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
T&B Development
since 20002.099.473.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0925/00G012 | Flanders | 1,170 m² | 1 · 249 m² | 10.6 m · 2 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 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,969 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
Founded27-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468800208
Also
9925:BE0468800208
Registered
15-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.