TGBAT
ActiveTGBAT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €12k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 41% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
70
/ 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
Profitability75▲+16
Solvency61▼-18
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.96 in 2024; short-term debt: 63% and cash: 41.6% of total assets), and 63.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
36.2%
Return on assets
5.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▲ 12.7%
2024 · €11k
2019: €2k
2020: €2k
2021: €4k
2022: €6k
2023: €6k
2024: €11k
2019 → 2025
Working capital
€23k▼ 64.1%
2024 · €63k
2019: €175k
2020: €174k
2021: €351k
2022: €75k
2023: €85k
2024: €63k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€93k▲ 6.3%€98k▲ 5.4%€77k▼ 21.3%€86k▲ 12.0%
Operating result€11k-€16k▲ 51.5%€19k▲ 16.2%€20k▲ 4.0%€26k▲ 32.9%
Net result€4k-€6k▲ 55.8%€6k▼ 7.1%€11k▲ 85.9%€12k▲ 12.7%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€66k▲ 328%
Current assets
€173k▲ 34.3%
Equity and liabilities €238k
Equity
€86k▲ 12.0%
Debt
€152k▲ 127%
The debt ratio rises from 46.4% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €24k
Cash flow
€21k▲
2024 · €15k
Solvency
36.2%▼
2024 · 53.6%
Current ratio
1.15▼
2024 · 1.96
Quick ratio
1.15▼
2024 · 1.96
Debt / equity
1.76▲
2024 · 0.87
ROE
14.2%▲
2024 · 14.1%
ROA
5.1%▼
2024 · 7.6%
Interest coverage
8.46▲
2024 · 3.66
Debt
€152k▲
2024 · €67k
Debt ≤ 1 year
€150k▲
2024 · €66k
Income taxes
€11k▲
2024 · €6k
Staff costs
€25k▲
2024 · €19k
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€144k€238k▲
Fixed assets21/28€15k€66k▲
Tangible fixed assets22/27€11k€62k▲
Plant, machinery and equipment23€1k€805▼
Furniture and vehicles24€10k€61k▲
Financial fixed assets28€4k€4k=
Current assets29/58€129k€173k▲
Amounts receivable within one year40/41€84k€71k▼
Trade receivables40€76k€71k▼
Other amounts receivable41€7k-
Current investments50/53€0€0=
Cash at bank and in hand54/58€41k€99k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€144k€238k▲
Equity10/15€77k€86k▲
Contributions10/11€8k€8k=
Reserves13€69k€78k▲
Distributable reserves133€69k€78k▲
Profit (loss) carried forward14€233-
Amounts payable17/49€67k€152k▲
Amounts payable within one year42/48€66k€150k▲
Financial debts43€50k-
Credit institutions430/8€50k-
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Advances received on contracts in progress46-€60k
Taxes, remuneration and social security45€9k€15k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€3k€60k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€19k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-16k
Other operating charges640/8€2k€23k▲
Non-recurring operating charges66A€529-
Gross operating margin9900€45k€67k▲
Operating profit (loss)9901€20k€26k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€17k€23k▲
Income taxes67/77€6k€11k▲
Profit (loss) for the period9904€11k€12k▲
Profit (loss) for the period to be appropriated9905€11k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€13k▲
Profit (loss) brought forward from the previous period14P€304€233▼
Transfer from equity791/2€31k€3k▼
Transfer to equity691/2€11k€12k▲
To other reserves6921€11k€12k▲
Profit to be distributed694/7€32k€3k▼
Return on contributions (dividend)694€32k€3k▼
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (8 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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2019net €12k ▲12.7%
Operating result €26k, net result €12k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €2k ▼4.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Amel · 1 establishment unit since 2010
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.
Schoppen,Enger Weg 254770 Amel1 establishment unit
Schoppen,Enger Weg 25, 4770 Amel
since 20102.189.857.647
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,688 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2010
Fiscal year end30-06
Activities, NACEBEL
43320Joinery installation
25401Forging of metal
43230Insulation installation
43291Specialised construction activities
43343Specialised construction activities
43410Roofing work
43990Other specialised construction activities
43992Specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
68110Buying and selling of own real estate
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.