TB Engineering
ActiveTB Engineering has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €26k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 2.8 in 2024), and 28% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
72%
Return on assets
30.1%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
10 d early
2024
56 d early
2023
43 d early
2022
33 d early
2021
39 d early
2020
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 71.9%
2024 · €37k
2020: €31k
2021: €41k
2022: €39k
2023: €11k
2024: €37k
2020 → 2025
Total assets
€88k▲ 56.3%
2024 · €56k
2020: €66k
2021: €76k
2022: €63k
2023: €40k
2024: €56k
2020 → 2025
Net result
€26k▲ 4.0%
2024 · €25k
2020: €22k
2021: €10k
2022: €-2k
2023: €-28k
2024: €25k
2020 → 2025
Working capital
€60k▲ 72.0%
2024 · €35k
2020: €31k
2021: €40k
2022: €34k
2023: €8k
2024: €35k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€39k▼ 4.2%€11k▼ 70.9%€37k▲ 224%€63k▲ 71.9%
Operating result€19k-€-20€-25k▼ 126,076%€32k€39k▲ 22.0%
Net result€10k-€-2k€-28k▼ 1,528%€25k€26k▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€3k▲ 70.4%
Current assets
€85k▲ 55.8%
Equity and liabilities €88k
Equity
€63k▲ 71.9%
Debt
€25k▲ 26.7%
The debt ratio falls from 34.6% to 28.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€40k▲
2024 · €33k
Cash flow
€28k▲
2024 · €27k
Solvency
72.0%▲
2024 · 65.4%
Current ratio
3.44▲
2024 · 2.80
Quick ratio
3.44▲
2024 · 2.80
Debt / equity
0.39▼
2024 · 0.53
ROE
41.8%▼
2024 · 69.1%
ROA
30.1%▼
2024 · 45.3%
Interest coverage
23.92▲
2024 · 11.09
Debt
€25k▲
2024 · €19k
Debt ≤ 1 year
€25k▲
2024 · €19k
Income taxes
€10k▲
2024 · €3k
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€56k€88k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24€763€3k▲
Current assets29/58€54k€85k▲
Amounts receivable within one year40/41€12k€19k▲
Trade receivables40€12k€19k▲
Other amounts receivable41€24€29▲
Cash at bank and in hand54/58€35k€61k▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€56k€88k▲
Equity10/15€37k€63k▲
Contributions10/11€9k€9k=
Reserves13€28k€54k▲
Distributable reserves133€28k€54k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€19k€25k▲
Amounts payable within one year42/48€19k€25k▲
Trade debts44€562€400▼
Suppliers440/4€562€400▼
Taxes, remuneration and social security45€11k€9k▼
Taxes450/3€11k€9k▼
Other amounts payable47/48€8k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€35k€42k▲
Operating profit (loss)9901€32k€39k▲
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€29k€37k▲
Income taxes67/77€3k€10k▲
Profit (loss) for the period9904€25k€26k▲
Profit (loss) for the period to be appropriated9905€25k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€26k▲
Profit (loss) brought forward from the previous period14P€-8k€0▲
Transfer from equity791/2€0-
Transfer to equity691/2€18k€26k▲
To other reserves6921€18k€26k▲
The notes to these accounts (7 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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2020net €26k ▲4%
Operating result €39k, net result €26k, both a record.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.30 to 2.80; short-term debt falls from €28k to €19k.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 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.
Wolstraat 29090 Merelbeke-MelleGround area
674 m²
Building footprint
107 m²
Volume, LiDAR
587 m³
Parcel 44040C0243/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TB Engineering
since 20192.295.655.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040C0243/00H000 | Flanders | 674 m² | 1 · 107 m² | 8.1 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 11,503 companies in sector 71121 we hold annual accounts for 6,523. 5,024 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2019
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
64200Holdings
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.