T-BOUW
ActiveThe computed 12-month bankruptcy probability of T-BOUW is 1.6% (moderate). The 2025 annual accounts show equity of €146k and a net result of €73k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 7687 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
91
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+28
Solvency71▲+47
Growth78=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.15 in 2024), but 68.8% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
31.2%
Return on assets
15.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
43 d early
2023
54 d late
2022
31 d late
2021
41 d early
2020
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€146k▲ 101%
2024 · €73k
2020: €40k
2021: €54k
2022: €55k
2023: €62k
2024: €73k
2020 → 2025
Total assets
€468k▼ 3.8%
2024 · €486k
2020: €273k
2021: €317k
2022: €281k
2023: €461k
2024: €486k
2020 → 2025
Net result
€73k▲ 602%
2024 · €10k
2020: €10k
2021: €14k
2022: €2k
2023: €7k
2024: €10k
2020 → 2025
Working capital
€93k▲ 309%
2024 · €23k
2020: €-2k
2021: €-10k
2022: €21k
2023: €5k
2024: €23k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€55k▲ 2.9%€62k▲ 12.3%€73k▲ 16.8%€146k▲ 101%
Operating result€17k-€5k▼ 73.3%€9k▲ 94.0%€20k▲ 123%€99k▲ 394%
Net result€14k-€2k▼ 88.7%€7k▲ 336%€10k▲ 53.0%€73k▲ 602%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 394% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €468k
Fixed assets
€281k▼ 8.7%
Current assets
€187k▲ 4.8%
Equity and liabilities €468k
Equity
€146k▲ 101%
Debt
€322k▼ 22.2%
The debt ratio falls from 85.1% to 68.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€154k▲
2024 · €96k
Cash flow
€128k▲
2024 · €86k
Solvency
31.2%▲
2024 · 14.9%
Current ratio
1.98▲
2024 · 1.15
Quick ratio
1.47▲
2024 · 0.86
Debt / equity
2.20▼
2024 · 5.69
ROE
50.3%▲
2024 · 14.4%
ROA
15.7%▲
2024 · 2.2%
Interest coverage
23.12▲
2024 · 12.70
Debt
€322k▼
2024 · €414k
Debt ≤ 1 year
€94k▼
2024 · €156k
Debt > 1 year
€228k▼
2024 · €258k
Income taxes
€21k▲
2024 · €5k
Staff costs
€264k▲
2024 · €203k
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€486k€468k▼
Fixed assets21/28€308k€281k▼
Tangible fixed assets22/27€308k€281k▼
Land and buildings22€217k€207k▼
Plant, machinery and equipment23€38k€33k▼
Furniture and vehicles24€2k€10k▲
Leasing and similar rights25€52k€31k▼
Financial fixed assets28€0-
Current assets29/58€178k€187k▲
Stocks and contracts in progress3€45k€48k▲
Stocks30/36€20k€17k▼
Contracts in progress37€25k€31k▲
Amounts receivable within one year40/41€111k€53k▼
Trade receivables40€86k€30k▼
Other amounts receivable41€25k€23k▼
Cash at bank and in hand54/58€13k€81k▲
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€486k€468k▼
Equity10/15€73k€146k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€43k€116k▲
Amounts payable17/49€414k€322k▼
Amounts payable after more than one year17€258k€228k▼
Financial debts170/4€88k€66k▼
Other amounts payable178/9€170k€162k▼
Amounts payable within one year42/48€156k€94k▼
Current portion of amounts payable after more than one year42€43k€30k▼
Financial debts43€3k€13k▲
Credit institutions430/8€3k€13k▲
Trade debts44€95k€39k▼
Suppliers440/4€95k€39k▼
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€1k€919▼
Remuneration and social security454/9€10k€8k▼
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€102€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€203k€264k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€55k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€305k€423k▲
Operating profit (loss)9901€20k€99k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€15k€94k▲
Income taxes67/77€5k€21k▲
Profit (loss) for the period9904€10k€73k▲
Profit (loss) for the period to be appropriated9905€10k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€116k▲
Profit (loss) brought forward from the previous period14P€32k€43k▲
The notes to these accounts (14 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €73k ▲602%
Operating result €99k, net result €73k, both a record.
31-12
Financial
Equity above €100kEq €146k ▲101%
6 profitable years in a row build equity to €146k.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼88.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zwevegem · 1 establishment unit since 2019
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.
Pontstraat(H) 578551 ZwevegemGround area
916 m²
Building footprint
203 m²
Volume, LiDAR
1,083 m³
Parcel 34014B0201/00T000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pontstraat(H) 57, 8551 Zwevegem
since 20192.288.894.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014B0201/00T000 | Flanders | 916 m² | 1 · 203 m² | 10.0 m · 2 fl. |
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.
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 12,552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
42211Civil engineering
42212Civil engineering
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.