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TBR-Bus

Active
Non-profit associationfounded 20206 yrs activeDésiré Boucherystraat 10, 2800 Mechelen, BelgiumKBO/BCE: BE 0747.679.661
Summary

TBR-Bus has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€11,273) and a net result of -€463. Equity is shrinking by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 470 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth55▲+33
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Age of the figures
Age of the figures
21 mo
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 6 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year -€11,273
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-10-2025, 73 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
73 d late
2023
67 d late
2022
69 d late
2021
82 d late
2020
216 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 101 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.

Checked, nothing found (1)
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

TBR-Bus was incorporated on 27 May 2020 as a Non-profit association.1 The company has filed 5 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

Go further with this company

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover
€1,873▲ 557%
2023 · €285
EBIT margin
-23.5%▲ 513.0pp
2023 · -536.4%
Net result
-€463▲ 70.1%
2023 · -€1,547
Working capital
-€11,273▼ 4.7%
2023 · -€10,770
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€985€285▼ 71.1%€1,873▲ 557%
Operating result€0--€6,603-€3,382▲ 48.8%-€1,529▲ 54.8%-€439▲ 71.3%
Net result€292within the sector's middle half--€6,560below the sector's middle half-€2,995within the sector's middle half▲ 54.3%-€1,547within the sector's middle half▲ 48.3%-€463within the sector's middle half▲ 70.1%
EBIT margin-343.4%-536.4%▼ 193.0pp-23.5%▲ 513.0pp
Equity€292below the sector's middle half--€6,268below the sector's middle half-€9,263below the sector's middle half▼ 47.8%-€10,810below the sector's middle half▼ 16.7%-€11,273below the sector's middle half▼ 4.3%
Total assets€442below the sector's middle half-€1,927below the sector's middle half▲ 336%€1,077below the sector's middle half▼ 44.1%€370below the sector's middle half▼ 65.7%€933below the sector's middle half▲ 152%
Debt€150-€8,195▲ 5,363%€10,340▲ 26.2%€11,180▲ 8.1%€12,206▲ 9.2%
Working capital€292below the sector's middle half--€7,189below the sector's middle half-€9,243below the sector's middle half▼ 28.6%-€10,770below the sector's middle half▼ 16.5%-€11,273below the sector's middle half▼ 4.7%
above within below the middle half (P25 to P75) of NACE 94, Activities of membership organisations, 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
-€8,000-€6,000-€4,000-€2,000€0Operating result 2020: €0€0Net result 2020: €292€292Operating result 2021: -€6,603-€6,603Net result 2021: -€6,560-€6,560Operating result 2022: -€3,382-€3,382Net result 2022: -€2,995-€2,995Operating result 2023: -€1,529-€1,529Net result 2023: -€1,547-€1,547Operating result 2024: -€439-€439Net result 2024: -€463-€46320202021202220232024-€4,000-€3,000-€2,000-€1,000€0Operating result 2022: -€3,382-€3,380Net result 2022: -€2,995-€2,990Operating result 2023: -€1,529-€1,530Net result 2023: -€1,547-€1,550Operating result 2024: -€439-€439Net result 2024: -€463-€463202220232024
The operating result stays negative: a loss of €439 in 2024 against €1,529 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Debt ≤ 1 year
€12,206▲
2023 · €11,140
Ratios withheld: a balance sheet total of €933 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% 1.8%
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 6,010 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€370€933▲
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€370€933▲
Amounts receivable within one year40/41€0€450▲
Trade receivables40€0€450▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€370€483▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€370€933▲
Equity10/15-€10,810-€11,273▼
Profit (loss) carried forward14-€10,810-€11,273▼
Amounts payable17/49€11,180€12,206▲
Amounts payable within one year42/48€11,140€12,206▲
Trade debts44€0€0=
Suppliers440/4€0€0=
Accrued charges and deferred income492/3€40€0▼
Income statement Code20232024
Turnover70€285€1,873▲
Goods, raw materials, services and sundry goods60/61€2,307€4,842▲
Other operating charges640/8€728-
Gross operating margin9900-€801-€439▲
Operating profit (loss)9901-€1,529-€439▲
Financial income75/76B€60€63▲
Recurring financial income75€60€63▲
Financial charges65/66B€78€86▲
Recurring financial charges65€78€86▲
Profit (loss) for the period before taxes9903-€1,547-€463▲
Profit (loss) for the period9904-€1,547-€463▲
Profit (loss) for the period to be appropriated9905-€1,547-€463▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10,810-€11,273▼
Profit (loss) brought forward from the previous period14P-€9,263-€10,810▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70--€985€285€1,873▲ 557%
Goods, raw materials, services and sundry goods60/61-€7,680€5,850€2,307€4,842▲ 110%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€920€920---
Other operating charges640/8-€207€554€728--
Gross operating margin9900€0-€5,476-€1,908-€801-€439▲ 45.2%
Operating profit (loss)9901€0-€6,603-€3,382-€1,529-€439▲ 71.3%
Financial income75/76B-€100€466€60€63▲ 5.0%
Recurring financial income75€300€100€466€60€63▲ 5.0%
Financial charges65/66B-€57€78€78€86▲ 10.5%
Recurring financial charges65€8€57€78€78€86▲ 10.5%
Profit (loss) for the period before taxes9903€292-€6,560-€2,995-€1,547-€463▲ 70.1%
Profit (loss) for the period9904€292-€6,560-€2,995-€1,547-€463▲ 70.1%
Profit (loss) for the period to be appropriated9905€292-€6,560-€2,995-€1,547-€463▲ 70.1%
Line20202021202220232024Change
Assets
Total assets20/58€442€1,927€1,077€370€933▲ 152%
Fixed assets21/28-€920€0€0€0-
Tangible fixed assets22/27-€920€0€0€0-
Furniture and vehicles24-€920€0€0€0-
Current assets29/58€442€1,006€1,077€370€933▲ 152%
Amounts receivable within one year40/41€100€0€0€0€450-
Trade receivables40--€0€0€450-
Other amounts receivable41-€0€0€0€0-
Cash at bank and in hand54/58€342€1,006€0€370€483▲ 30.6%
Deferred charges and accrued income490/1--€1,077€0--
Equity and liabilities
Total equity and liabilities10/49€442€1,927€1,077€370€933▲ 152%
Equity10/15€292-€6,268-€9,263-€10,810-€11,273▼ 4.3%
Profit (loss) carried forward14€292-€6,268-€9,263-€10,810-€11,273▼ 4.3%
Amounts payable17/49€150€8,195€10,340€11,180€12,206▲ 9.2%
Amounts payable within one year42/48€150€8,195€10,320€11,140€12,206▲ 9.6%
Trade debts44-€0€0€0€0-
Suppliers440/4-€0€0€0€0-
Accrued charges and deferred income492/3--€20€40€0▼ 100%
Line20202021202220232024Change
Profit (loss) for the period9904€292-€6,560-€2,995-€1,547-€463▲ 70.1%
+ Depreciation and write-downs630-€920€920---
Operating cash flow (approximation)€292-€5,640-€2,075-€1,547-€463▲ 70.1%
Investment in fixed assets (approximation)---€0€0€0-
Change in cash-€665-€1,006€370€113▼ 69.4%

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

2025
12-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 73 days late
2024
06-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
08-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
21-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
04-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 216 days late
2021
31-12
Financial Weakest financial yearnet -€6,560
Net result drops to -€6,560, the lowest in the series; recovery starts the following year.
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
385 m²
Building footprint
123 m²
Volume, LiDAR
909 m³
2 parcels, Flanders · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Otterstraat (STG) 41, 9200 Dendermonde
Other membership organisations
since 20252.377.796.137
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12025C0092/00R000 Flanders 203 m² 1 · 32 m² 15.4 m · 5 fl.
42021A0046/00X000 Flanders 182 m² 1 · 92 m² 11.0 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,132 companies in this sector we hold annual accounts for 714. See the whole sector

Company details

Identification
Legal formNon-profit association
Founded27-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
94999Other membership organisations
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail info.tbrbus@gmail.com
E-mail info@tbrbus.be
Website info@tbrbus.beDendermonde
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

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