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TB Ventures

Active
Private limited companyfounded 20223 yrs activeLysenstraat 12, 2600 Antwerpen, BelgiumKBO/BCE: BE 0794.588.663
Summary

TB Ventures has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,108 and a net result of €3,907. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability80▲+5
Solvency59▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.47 in 2024; short-term debt: 66.1% and cash: 30.3% of total assets), and 66.1% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 · 3 filings
Deviation from the deadline
2025
45 d late
2024
29 d late
2023
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 45 days after 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 (2)
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. Usually files around 14 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 December 2022, TB Ventures was incorporated as a Private limited company.1 Total assets went from EUR 34,364 in 2023 to EUR 41,663 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€14,108▲ 38.3%
2024 · €10,201
Total assets
€41,663▲ 33.2%
2024 · €31,281
Net result
€3,907▲ 146%
2024 · €1,588
Working capital
€6,474▼ 34.9%
2024 · €9,951
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€8,979-€3,018▼ 66.4%€5,553▲ 84.0%
Net result€6,613within the sector's middle half-€1,588within the sector's middle half▼ 76.0%€3,907within the sector's middle half▲ 146%
Equity€8,613below the sector's middle half-€10,201within the sector's middle half▲ 18.4%€14,108within the sector's middle half▲ 38.3%
Total assets€34,364below the sector's middle half-€31,281below the sector's middle half▼ 9.0%€41,663below the sector's middle half▲ 33.2%
Debt€25,750-€21,080▼ 18.1%€27,555▲ 30.7%
Working capital€8,115within the sector's middle half-€9,951within the sector's middle half▲ 22.6%€6,474within the sector's middle half▼ 34.9%
Solvency25.1%within the sector's middle half-32.6%within the sector's middle half▲ 7.5pp33.9%within the sector's middle half▲ 1.3pp
Current ratio1.32within the sector's middle half-1.47within the sector's middle half▲ 0.161.23within the sector's middle half▼ 0.24
Return on assets (ROA)19.2%above the sector's middle half-5.1%within the sector's middle half▼ 14.2pp9.4%above the sector's middle half▲ 4.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2,500€5,000€7,500€10,000Operating result 2023: €8,979€8,979Net result 2023: €6,613€6,613Operating result 2024: €3,018€3,018Net result 2024: €1,588€1,588Operating result 2025: €5,553€5,553Net result 2025: €3,907€3,907202320242025€0€2,500€5,000€7,500€10,000Operating result 2023: €8,979€8,980Net result 2023: €6,613€6,610Operating result 2024: €3,018€3,020Net result 2024: €1,588€1,590Operating result 2025: €5,553€5,550Net result 2025: €3,907€3,910202320242025
The operating result recovers in 2025; 2025 is 84% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,663
Fixed assets €7,635 ▲ 2,949%
Current assets €34,029 ▲ 9.7%
Equity and liabilities €41,663
Equity €14,108 ▲ 38.3%
Debt €27,555 ▲ 30.7%
Debt's share of the balance-sheet total falls from 67.4% to 66.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,952▲
2024 · €3,266
Cash flow
€5,305▲
2024 · €1,836
Debt to equity
1.95▼
2024 · 2.07
ROE
27.7%▲
2024 · 15.6%
Interest coverage
31.77▲
2024 · 10.43
Debt ≤ 1 year
€27,555▲
2024 · €21,080
Income taxes
€1,427▲
2024 · €1,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,281€41,663▲
Fixed assets21/28€250€7,635▲
Tangible fixed assets22/27€250€7,635▲
Plant, machinery and equipment23-€653
Furniture and vehicles24€250€6,982▲
Current assets29/58€31,031€34,029▲
Amounts receivable within one year40/41€22,098€17,938▼
Trade receivables40€22,076€17,938▼
Other amounts receivable41€21-
Cash at bank and in hand54/58€2,237€12,629▲
Deferred charges and accrued income490/1€6,696€3,462▼
Equity and liabilities
Total equity and liabilities10/49€31,281€41,663▲
Equity10/15€10,201€14,108▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€8,201€12,108▲
Amounts payable17/49€21,080€27,555▲
Amounts payable within one year42/48€21,080€27,555▲
Trade debts44€3,336€1,086▼
Suppliers440/4€3,336€1,086▼
Taxes, remuneration and social security45€7,752€6,283▼
Taxes450/3€7,752€6,283▼
Other amounts payable47/48€9,991€20,187▲
Income statement Code20242025
Remuneration, social security and pensions62€63-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€248€1,399▲
Other operating charges640/8€1,523€1,262▼
Gross operating margin9900€4,852€8,214▲
Operating profit (loss)9901€3,018€5,553▲
Financial charges65/66B€313€219▼
Recurring financial charges65€313€219▼
Profit (loss) for the period before taxes9903€2,705€5,334▲
Income taxes67/77€1,117€1,427▲
Profit (loss) for the period9904€1,588€3,907▲
Profit (loss) for the period to be appropriated9905€1,588€3,907▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,201€12,108▲
Profit (loss) brought forward from the previous period14P€6,613€8,201▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€245€63--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€245€248€1,399▲ 465%
Other operating charges640/8€860€1,523€1,262▼ 17.1%
Gross operating margin9900€10,330€4,852€8,214▲ 69.3%
Operating profit (loss)9901€8,979€3,018€5,553▲ 84.0%
Financial income75/76B€1---
Recurring financial income75€1---
Financial charges65/66B€131€313€219▼ 30.2%
Recurring financial charges65€131€313€219▼ 30.2%
Profit (loss) for the period before taxes9903€8,849€2,705€5,334▲ 97.2%
Income taxes67/77€2,236€1,117€1,427▲ 27.8%
Profit (loss) for the period9904€6,613€1,588€3,907▲ 146%
Profit (loss) for the period to be appropriated9905€6,613€1,588€3,907▲ 146%
Line202320242025Change
Assets
Total assets20/58€34,364€31,281€41,663▲ 33.2%
Fixed assets21/28€498€250€7,635▲ 2,949%
Tangible fixed assets22/27€498€250€7,635▲ 2,949%
Plant, machinery and equipment23--€653-
Furniture and vehicles24€498€250€6,982▲ 2,689%
Current assets29/58€33,866€31,031€34,029▲ 9.7%
Amounts receivable within one year40/41€10,611€22,098€17,938▼ 18.8%
Trade receivables40€10,596€22,076€17,938▼ 18.7%
Other amounts receivable41€15€21--
Cash at bank and in hand54/58€15,040€2,237€12,629▲ 464%
Deferred charges and accrued income490/1€8,214€6,696€3,462▼ 48.3%
Equity and liabilities
Total equity and liabilities10/49€34,364€31,281€41,663▲ 33.2%
Equity10/15€8,613€10,201€14,108▲ 38.3%
Contributions10/11€2,000€2,000€2,000=
Profit (loss) carried forward14€6,613€8,201€12,108▲ 47.6%
Amounts payable17/49€25,750€21,080€27,555▲ 30.7%
Amounts payable within one year42/48€25,750€21,080€27,555▲ 30.7%
Trade debts44€5,545€3,336€1,086▼ 67.5%
Suppliers440/4€5,545€3,336€1,086▼ 67.5%
Taxes, remuneration and social security45€9,624€7,752€6,283▼ 19.0%
Taxes450/3€9,624€7,752€6,283▼ 19.0%
Other amounts payable47/48€10,581€9,991€20,187▲ 102%
Line202320242025Change
Profit (loss) for the period9904€6,613€1,588€3,907▲ 146%
+ Depreciation and write-downs630€245€248€1,399▲ 465%
Operating cash flow (approximation)€6,858€1,836€5,305▲ 189%
Investment in fixed assets (approximation)-€0-€8,783-
Change in cash--€12,803€10,391▲ 181%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Weakest financial yearnet €1,588 ▼76%
Net result drops to €1,588, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
242 m²
Building footprint
102 m²
Volume, LiDAR
770 m³
Parcel 11303C0256/00Z006, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TB Ventures
Lysenstraat 12, 2600 AntwerpenReal estate development
since 20222.339.889.824
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11303C0256/00Z006 Flanders 242 m² 1 · 102 m² 13.1 m · 3 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.

Similar companies · same sector, comparable size

Of 9,696 companies in sector 68121 we hold annual accounts for 7,392. 3,566 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
Founded09-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
43350Other building finishing work
66210Risk and damage evaluation
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794588663
Also 9925:BE0794588663
Registered 27-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.