TABART J.
ActiveSummary
TABART J. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115k and a net result of €3k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+70
Solvency64▲+4
Growth53▲+17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.54 in 2023; short-term debt: 61.1% and cash: 32.6% of total assets), but 61.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
38.8%
Return on assets
0.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
65 d late
2022
74 d late
2021
31 d late
2020
61 d late
2019
158 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1.13M▲ 11.5%
2018 · €1.02M
EBIT margin
2.0%▲ 2.9pp
2018 · -0.9%
Net result
€3k
2023 · €-51k
Working capital
€111k▼ 1.2%
2023 · €113k
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
Turnover€1.13M
Operating result€8k▼ 22.1%€-162k€23k€-31k€7k
Net result€5k▼ 30.2%€-163k€16k€-51k€3k
EBIT margin2.0%
Equity€132k▼ 12.4%€-31k€164k€113k▼ 31.2%€115k▲ 2.4%
Total assets€268k▲ 6.1%€247k▼ 8.0%€551k▲ 124%€323k▼ 41.5%€297k▼ 7.9%
Debt€136k▲ 33.3%€278k▲ 104%€387k▲ 39.5%€210k▼ 45.8%€182k▼ 13.4%
Working capital€117k▼ 14.3%€-47k€153k€113k▼ 26.3%€111k▼ 1.2%
Staff (FTE)2.5=2.5=3.1▲ 24.0%2.5▼ 19.4%2.8▲ 12.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €297k
Fixed assets
€4k ▲ 1,064%
Current assets
€293k ▼ 9.1%
Equity and liabilities €297k
Equity
€115k ▲ 2.4%
Debt
€182k ▼ 13.4%
Debt's share of the balance-sheet total falls from 65.1% to 61.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2023 · €-20k
Cash flow
€4k▲
2023 · €-41k
Current ratio
1.61▲
2023 · 1.54
Debt to equity
1.57▼
2023 · 1.86
ROE
2.4%▲
2023 · -45.4%
ROA
0.9%▲
2023 · -15.8%
Interest coverage
9.95▲
2023 · -12.98
Debt ≤ 1 year
€182k▼
2023 · €209k
Income taxes
€4k▼
2023 · €19k
Staff costs
€129k▼
2023 · €130k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.13M | - | - | - |
| Non-recurring operating income76A | - | €0 | €2k | €55k | €39k | ▼ 28.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €944k | - | - | - |
| Remuneration, social security and pensions62 | - | €94k | €142k | €130k | €129k | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €0 | €12k | €11k | €1k | ▼ 89.9% |
| Other operating charges640/8 | - | €1k | €18k | €3k | €2k | ▼ 20.3% |
| Non-recurring operating charges66A | - | - | €564 | €100k | €8k | ▼ 92.4% |
| Gross operating margin9900 | €124k | €-66k | €195k | €213k | €147k | ▼ 30.9% |
| Operating profit (loss)9901 | €8k | €-162k | €23k | €-31k | €7k | ▲ 124% |
| Financial income75/76B | - | €43 | €25 | €77 | €551 | ▲ 618% |
| Recurring financial income75 | €890 | €43 | €25 | €77 | €551 | ▲ 618% |
| Financial charges65/66B | - | €1k | €798 | €2k | €846 | ▼ 46.4% |
| Recurring financial charges65 | €3k | €1k | €798 | €2k | €846 | ▼ 46.4% |
| Profit (loss) for the period before taxes9903 | €7k | €-163k | €22k | €-33k | €7k | ▲ 122% |
| Income taxes67/77 | €2k | €0 | €7k | €19k | €4k | ▼ 76.8% |
| Profit (loss) for the period9904 | €5k | €-163k | €16k | €-51k | €3k | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-163k | €16k | €-51k | €3k | ▲ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €247k | €551k | €323k | €297k | ▼ 7.9% |
| Fixed assets21/28 | €33k | €35k | €11k | €355 | €4k | ▲ 1,064% |
| Tangible fixed assets22/27 | €33k | €35k | €11k | €207 | €4k | ▲ 1,829% |
| Plant, machinery and equipment23 | - | €19k | €5k | €0 | - | - |
| Furniture and vehicles24 | - | €16k | €5k | €207 | €4k | ▲ 1,829% |
| Leasing and similar rights25 | - | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | €0 | - | - | - |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €235k | €212k | €540k | €322k | €293k | ▼ 9.1% |
| Amounts receivable within one year40/41 | €82k | €65k | €384k | €213k | €193k | ▼ 9.2% |
| Trade receivables40 | - | €29k | €339k | €160k | €127k | ▼ 20.6% |
| Other amounts receivable41 | - | €37k | €45k | €53k | €66k | ▲ 25.1% |
| Cash at bank and in hand54/58 | €83k | €77k | €154k | €108k | €97k | ▼ 10.6% |
| Deferred charges and accrued income490/1 | - | €70k | €2k | €985 | €3k | ▲ 199% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €247k | €551k | €323k | €297k | ▼ 7.9% |
| Equity10/15 | €132k | €-31k | €164k | €113k | €115k | ▲ 2.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €18k | €18k | €18k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €16k | €16k | €18k | ▲ 11.4% |
| Profit (loss) carried forward14 | €124k | €-39k | €139k | €88k | €91k | ▲ 3.1% |
| Amounts payable17/49 | €136k | €278k | €387k | €210k | €182k | ▼ 13.4% |
| Amounts payable after more than one year17 | €19k | €19k | €0 | - | - | - |
| Financial debts170/4 | - | €19k | €0 | - | - | - |
| Amounts payable within one year42/48 | €117k | €259k | €387k | €209k | €182k | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €0 | €6k | €0 | - | - |
| Trade debts44 | €78k | €242k | €303k | €120k | €85k | ▼ 29.4% |
| Suppliers440/4 | - | €242k | €303k | €116k | €85k | ▼ 26.8% |
| Bills of exchange payable441 | - | - | - | €4k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €16k | €33k | €48k | €41k | ▼ 15.8% |
| Taxes450/3 | - | €373 | €13k | €32k | €23k | ▼ 27.3% |
| Remuneration and social security454/9 | - | €16k | €20k | €16k | €17k | ▲ 6.7% |
| Other amounts payable47/48 | - | €0 | €45k | €41k | €56k | ▲ 37.1% |
| Accrued charges and deferred income492/3 | - | - | - | €385 | €130 | ▼ 66.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-163k | €16k | €-51k | €3k | ▲ 105% |
| + Depreciation and write-downs630 | €17k | €0 | €12k | €11k | €1k | ▼ 89.9% |
| Operating cash flow (approximation) | €22k | €-163k | €27k | €-41k | €4k | ▲ 109% |
| Investment in fixed assets (approximation) | - | €-1k | €12k | €0 | €-5k | - |
| Change in cash | - | €-6k | €77k | €-46k | €-12k | ▲ 74.7% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €150kEq €164k
Equity rises from €-31k to €164k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-163k
Net result drops to €-163k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 158 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Equity above €150kEq €150k ▲5.1%
Equity rises from €143k to €150k.
Show earlier events
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Etterbeek · 1 establishment unit since 1997
Ground area
1,116 m²
Building footprint
255 m²
Volume, LiDAR
1,734 m³
Parcel 21363B0417/00B008, Brussels · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Steenweg op Waver 607, 1040 Etterbeek
since 19972.079.791.549
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0417/00B008 | Brussels | 1,116 m² | 1 · 255 m² | 15.9 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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REDART-CONSTRUCT
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FRANCQ BERNARD
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D. & T.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,365 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
Founded19-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.