TBL ENGINEERING
ActiveSummary
TBL ENGINEERING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3,000 and a net result of €76,117. Equity is shrinking by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 449 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency28▼-12
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
2.9%
Return on assets
72.7%
Age of the figures
3 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 449 sector peers (2026).
NBB · sector comparisonPosition among 449 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 09-09-2026, 144 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
144 d early
2025
170 d early
2024
164 d early
2023
56 d early
2022
4 d early
2021
6 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 91 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 9 September (4 of the last 5 filed years within 88 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-06-2027 close31-01-2028 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€3,000▼ 81.7%
2025 · €16,385
Total assets
€104,753▼ 0.9%
2025 · €105,710
Net result
€76,117▼ 2.4%
2025 · €77,953
Working capital
€3,000▼ 77.1%
2025 · €13,104
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20222023202420252026
Operating result€41,573▲ 75.6%€41,923▲ 0.8%€25,041▼ 40.3%€106,027▲ 323%€104,401▼ 1.5%
Net result€32,316within the sector's middle half▲ 87.4%€32,084within the sector's middle half▼ 0.7%€18,789within the sector's middle half▼ 41.4%€77,953above the sector's middle half▲ 315%€76,117▼ 2.4%
Equity€52,559within the sector's middle half▲ 160%€84,644within the sector's middle half▲ 61.0%€18,432below the sector's middle half▼ 78.2%€16,385below the sector's middle half▼ 11.1%€3,000▼ 81.7%
Total assets€64,965below the sector's middle half▲ 114%€95,782within the sector's middle half▲ 47.4%€103,310within the sector's middle half▲ 7.9%€105,710within the sector's middle half▲ 2.3%€104,753▼ 0.9%
Debt€12,406▲ 22.7%€11,139▼ 10.2%€84,878▲ 662%€89,325▲ 5.2%€101,753▲ 13.9%
Working capital€52,559within the sector's middle half▲ 160%€78,540within the sector's middle half▲ 49.4%€13,740within the sector's middle half▼ 82.5%€13,104within the sector's middle half▼ 4.6%€3,000▼ 77.1%
Solvency80.9%above the sector's middle half▲ 14.2pp88.4%above the sector's middle half▲ 7.5pp17.8%below the sector's middle half▼ 70.5pp15.5%below the sector's middle half▼ 2.3pp2.9%▼ 12.6pp
Current ratio5.24above the sector's middle half▲ 2.238.05above the sector's middle half▲ 2.811.16within the sector's middle half▼ 6.891.15within the sector's middle half▼ 0.021.03▼ 0.12
Return on assets (ROA)49.7%above the sector's middle half▼ 7.1pp33.5%above the sector's middle half▼ 16.2pp18.2%within the sector's middle half▼ 15.3pp73.7%above the sector's middle half▲ 55.6pp72.7%▼ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result falls in 2026; 2026 is 2% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €104,753
Equity
€3,000 ▼ 81.7%
Debt
€101,753 ▲ 13.9%
Debt's share of the balance-sheet total rises from 84.5% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€104,401▼
2025 · €107,439
Cash flow
€76,117▼
2025 · €79,364
Debt to equity
33.92▲
2025 · 5.45
Interest coverage
259.96▲
2025 · 184.76
Debt ≤ 1 year
€101,753▲
2025 · €89,325
Income taxes
€27,882▲
2025 · €27,785
A ratio outside any meaningful range has been withheld (balance sheet total €104,753, equity €3,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 2,151 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,606 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €954 | €1,411 | €1,411 | €0 | ▼ 100% |
| Other operating charges640/8 | €405 | €388 | €755 | €815 | €622 | ▼ 23.7% |
| Non-recurring operating charges66A | - | - | - | - | €3,028 | - |
| Gross operating margin9900 | €41,977 | €43,265 | €27,208 | €108,254 | €108,052 | ▼ 0.2% |
| Operating profit (loss)9901 | €41,573 | €41,923 | €25,041 | €106,027 | €104,401 | ▼ 1.5% |
| Financial income75/76B | €0 | €0 | €323 | €291 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €0 | €323 | €291 | €0 | ▼ 100.0% |
| Financial charges65/66B | €359 | €1,002 | €875 | €582 | €402 | ▼ 30.9% |
| Recurring financial charges65 | €359 | €1,002 | €875 | €582 | €402 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €41,214 | €40,922 | €24,489 | €105,737 | €103,999 | ▼ 1.6% |
| Income taxes67/77 | €8,898 | €8,837 | €5,700 | €27,785 | €27,882 | ▲ 0.4% |
| Profit (loss) for the period9904 | €32,316 | €32,084 | €18,789 | €77,953 | €76,117 | ▼ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €32,316 | €32,084 | €18,789 | €77,953 | €76,117 | ▼ 2.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,965 | €95,782 | €103,310 | €105,710 | €104,753 | ▼ 0.9% |
| Fixed assets21/28 | - | €6,103 | €4,692 | €3,281 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €6,103 | €4,692 | €3,281 | €0 | ▼ 100% |
| Land and buildings22 | - | €6,103 | €4,692 | €3,281 | €0 | ▼ 100% |
| Current assets29/58 | €64,965 | €89,679 | €98,618 | €102,430 | €104,753 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €33,895 | €34,582 | €37,821 | €39,764 | €22,549 | ▼ 43.3% |
| Trade receivables40 | €33,895 | €34,479 | €35,328 | €39,752 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €103 | €2,493 | €12 | €22,549 | ▲ 190,183% |
| Cash at bank and in hand54/58 | €30,811 | €54,770 | €60,578 | €62,312 | €82,205 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | €259 | €327 | €219 | €354 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,965 | €95,782 | €103,310 | €105,710 | €104,753 | ▼ 0.9% |
| Equity10/15 | €52,559 | €84,644 | €18,432 | €16,385 | €3,000 | ▼ 81.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €49,559 | €81,644 | €15,432 | €13,385 | €0 | ▼ 100% |
| Distributable reserves133 | €49,559 | €81,644 | €15,432 | €13,385 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €12,406 | €11,139 | €84,878 | €89,325 | €101,753 | ▲ 13.9% |
| Amounts payable within one year42/48 | €12,406 | €11,139 | €84,878 | €89,325 | €101,753 | ▲ 13.9% |
| Financial debts43 | - | €315 | €0 | - | - | - |
| Credit institutions430/8 | - | €315 | €0 | - | - | - |
| Trade debts44 | €767 | €1,051 | €1,107 | €42 | €3,742 | ▲ 8,832% |
| Suppliers440/4 | €767 | €1,051 | €1,107 | €42 | €3,742 | ▲ 8,832% |
| Taxes, remuneration and social security45 | €8,762 | €9,111 | €16,644 | €29,211 | €35,596 | ▲ 21.9% |
| Taxes450/3 | €8,762 | €9,111 | €16,644 | €29,211 | €35,596 | ▲ 21.9% |
| Other amounts payable47/48 | €2,877 | €663 | €67,127 | €60,072 | €62,416 | ▲ 3.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,316 | €32,084 | €18,789 | €77,953 | €76,117 | ▼ 2.4% |
| + Depreciation and write-downs630 | €0 | €954 | €1,411 | €1,411 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €32,316 | €33,038 | €20,200 | €79,364 | €76,117 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €3,281 | - |
| Change in cash | - | €23,959 | €5,808 | €1,734 | €19,893 | ▲ 1,047% |
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
Next filing, fiscal year 2027, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2021net €77,953 ▲315%
Operating result €106,027, net result €77,953, both a record.
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Halle · 1 establishment unit since 2020
Ground area
6.4 ha
Building footprint
1,800 m²
Volume, LiDAR
13,378 m³
Parcel 23027D0281/00K000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TBL ENGINEERING
since 20202.305.258.250
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027D0281/00K000 | Flanders | 6.4 ha | 1 · 1,800 m² | 13.6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 11,216 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
Founded24-06-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748919182
Also
9925:BE0748919182
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.