TBL MANAGEMENT
ActiveTBL MANAGEMENT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-63
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 8.76 against 8.92 in 2024; short-term debt: 11.1% and cash: 0.6% of total assets), and 11.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
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
88.9%
Return on assets
-1.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
31 d early
2023
26 d early
2022
6 d early
2021
37 d early
2020
12 d late
2019
23 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k
2024 · €208k
2018: €163k
2019: €-190k
2020: €54k
2021: €9k
2022: €1.18M
2023: €795k
2024: €208k
2018 → 2025
Working capital
€1.31M▼ 1.2%
2024 · €1.32M
2018: €226k
2019: €27k
2020: €73k
2021: €82k
2022: €362k
2023: €1.10M
2024: €1.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€369k▲ 334%€1.16M▲ 215%€1.37M▲ 17.9%€1.35M▼ 1.5%
Operating result€18k-€1.27M▲ 6,983%€1.14M▼ 10.1%€291k▼ 74.4%€-4k
Net result€9k-€1.18M▲ 13,294%€795k▼ 32.9%€208k▼ 73.8%€-20k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €291k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€44k▼ 8.4%
Current assets
€1.48M▼ 1.0%
Equity and liabilities €1.52M
Equity
€1.35M▼ 1.5%
Debt
€168k▲ 0.8%
The debt ratio rises from 10.9% to 11.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €306k
Cash flow
€-5k▼
2024 · €223k
Solvency
88.9%▼
2024 · 89.1%
Current ratio
8.76▼
2024 · 8.92
Quick ratio
4.62▲
2024 · 2.53
Debt / equity
0.12▲
2024 · 0.12
ROE
-1.5%▼
2024 · 15.2%
ROA
-1.3%▼
2024 · 13.5%
Interest coverage
0.73▼
2024 · 26.70
Debt
€168k▲
2024 · €167k
Debt ≤ 1 year
€168k▲
2024 · €167k
Income taxes
€515▼
2024 · €71k
Staff costs
€146▲
2024 · €0
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€1.54M€1.52M▼
Fixed assets21/28€48k€44k▼
Intangible fixed assets21-€11k
Tangible fixed assets22/27€46k€31k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€42k€29k▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.49M€1.48M▼
Stocks and contracts in progress3€1.07M€697k▼
Stocks30/36€1.07M€697k▼
Amounts receivable within one year40/41€384k€763k▲
Trade receivables40€347k€514k▲
Other amounts receivable41€37k€249k▲
Cash at bank and in hand54/58€30k€9k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.52M▼
Equity10/15€1.37M€1.35M▼
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€1.29M€1.27M▼
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Distributable reserves133€1.27M€1.25M▼
Amounts payable17/49€167k€168k▲
Amounts payable within one year42/48€167k€168k▲
Current portion of amounts payable after more than one year42€0€75k▲
Financial debts43€0€36k▲
Credit institutions430/8-€36k
Other loans439€0-
Trade debts44€36k€55k▲
Suppliers440/4€36k€55k▲
Taxes, remuneration and social security45€60k€3k▼
Taxes450/3€60k€3k▼
Other amounts payable47/48€70k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€0€146▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€41k€-41k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€350k€-26k▼
Operating profit (loss)9901€291k€-4k▼
Financial income75/76B€1€30▲
Recurring financial income75€1€30▲
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€15k▲
Profit (loss) for the period before taxes9903€279k€-19k▼
Income taxes67/77€71k€515▼
Profit (loss) for the period9904€208k€-20k▼
Profit (loss) for the period to be appropriated9905€208k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€208k€-20k▼
Transfer from equity791/2-€20k
Transfer to equity691/2€208k€0▼
To other reserves6921€208k€0▼
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 8.92
Current ratio from 2.54 to 8.92; short-term debt falls from €716k to €167k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.04 to 2.54; short-term debt falls from €8.22M to €716k.
31-12
Financial
Equity above €1MEq €1.16M ▲215%
4 profitable years in a row build equity to €1.16M.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.18M ▲13294%
Operating result €1.27M, net result €1.18M, both a record.
31-12
Financial
Equity above €200kEq €369k ▲334%
3 profitable years in a row build equity to €369k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-190k ▼217%
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Wommelgem · 1 establishment unit since 1996
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.
Nijverheidsstraat 702160 WommelgemGround area
1.0 ha
Building footprint
2,289 m²
Volume, LiDAR
25,507 m³
Parcel 11052C0585/00T002, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NAVIS YACHTS
since 19962.078.490.759
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 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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LYTAX
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VBfininvest
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A.T.P.
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Grez-Doiceau · Eq €1.36M
Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 3,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1996
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
46140Agents in the wholesale of industrial machinery, ships and aircraft
47789Other retail sale of new goods
47920Retail trade
77340Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.