TBS
ActiveSummary
The computed 12-month bankruptcy probability of TBS is 1.9% (moderate). The 2025 annual accounts show equity of €15k and a net result of €7k. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 14% of 7453 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+23
Solvency29▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.41 in 2024; short-term debt: 41.6% of total assets), but 95.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
4.3%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7453 sector peers (2025).
NBB · sector comparisonPosition among 7453 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
150 d early
2023
141 d early
2022
17 d early
2021
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 99.1%
2024 · €7k
2021: €28k
2022: €4k
2023: €20k
2024: €7k
2021 → 2025
Total assets
€339k▲ 0.1%
2024 · €339k
2021: €73k
2022: €275k
2023: €352k
2024: €339k
2021 → 2025
Net result
€7k
2024 · €-13k
2021: €26k
2022: €-24k
2023: €16k
2024: €-13k
2021 → 2025
Working capital
€194k▲ 1.2%
2024 · €192k
2021: €-8k
2022: €-4k
2023: €16k
2024: €192k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€4k▼ 84.7%€20k▲ 376%€7k▼ 64.4%€15k▲ 99.1%
Operating result€35k-€-22k€24k€672▼ 97.1%€17k▲ 2,470%
Net result€26k-€-24k€16k€-13k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,470% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€4k ▼ 61.1%
Current assets
€335k ▲ 2.1%
Equity and liabilities €339k
Equity
€15k ▲ 99.1%
Debt
€325k ▼ 2.0%
Debt's share of the balance-sheet total falls from 97.8% to 95.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €7k
Cash flow
€14k▲
2024 · €-7k
Current ratio
2.38▼
2024 · 2.41
Quick ratio
0.13▲
2024 · 0.09
Debt to equity
22.38▼
2024 · 45.48
ROE
49.8%▲
2024 · -181.2%
ROA
2.1%▲
2024 · -3.9%
Interest coverage
2.31▲
2024 · 0.47
Debt ≤ 1 year
€141k▲
2024 · €136k
Debt > 1 year
€184k▼
2024 · €195k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€339k€339k▲
Fixed assets21/28€10k€4k▼
Intangible fixed assets21€67€0▼
Tangible fixed assets22/27€10k€4k▼
Plant, machinery and equipment23€821€586▼
Furniture and vehicles24€9k€0▼
Leasing and similar rights25-€3k
Current assets29/58€328k€335k▲
Stocks and contracts in progress3€316k€317k▲
Stocks30/36€311k€317k▲
Contracts in progress37€5k€0▼
Amounts receivable within one year40/41€12k€19k▲
Trade receivables40€12k€17k▲
Other amounts receivable41€880€2k▲
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€339k€339k▲
Equity10/15€7k€15k▲
Contributions10/11€3k€3k=
Reserves13€5k€12k▲
Distributable reserves133€5k€12k▲
Amounts payable17/49€331k€325k▼
Amounts payable after more than one year17€195k€184k▼
Financial debts170/4€195k€184k▼
Amounts payable within one year42/48€136k€141k▲
Current portion of amounts payable after more than one year42€12k€12k▼
Financial debts43€0€15k▲
Credit institutions430/8€0€15k▲
Trade debts44€36k€17k▼
Suppliers440/4€36k€17k▼
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€86k€88k▲
Accrued charges and deferred income492/3€26€155▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€20k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€9k€45k▲
Operating profit (loss)9901€672€17k▲
Financial income75/76B€1k€174▼
Recurring financial income75€1k€174▼
Financial charges65/66B€15k€10k▼
Recurring financial charges65€15k€10k▼
Profit (loss) for the period before taxes9903€-13k€7k▲
Profit (loss) for the period9904€-13k€7k▲
Profit (loss) for the period to be appropriated9905€-13k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€7k▲
Transfer from equity791/2€13k€0▼
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
The notes to these accounts (11 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
26-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 09-04-2026
- Registered-office move, Dumolinlaan(Kor) 1 bus 13, 8500 Kortrijk
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.41
Current ratio from 1.05 to 2.41; short-term debt falls from €320k to €136k.
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-24k ▼193%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2020
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.
Dumolinlaan(Kor) 18500 KortrijkGround area
2,779 m²
Building footprint
39 m²
Parcel 34022E0689/00W002, Flanders. Linked by address, not a title deed.
1 establishment unit
TBS
since 20202.307.295.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 509 EUR awarded · 509 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 99 EUR | 99 EUR |
| 2023 | 1 | 174 EUR | 174 EUR |
| 2022 | 1 | 236 EUR | 236 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 10,589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.