TIB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TIB CONSTRUCT is 6.4% (elevated). The 2024 annual accounts show equity of €21,617 and a net result of -€15,457. Its solvency ranks better than 25% of 7452 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-82
Solvency50▼-2
Growth22
Track record94
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 1.55 in 2023; short-term debt: 43.3% and cash: 0.1% of total assets), but 75.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
24.8%
Return on assets
-17.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2026, 342 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
342 d late
2023
101 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€32,645▼ 85.7%
2023 · €227,791
EBIT margin
-46.5%▼ 56.4pp
2023 · 9.9%
Net result
-€15,457
2023 · €22,074
Working capital
€21,242▼ 47.5%
2023 · €40,497
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Turnover€227,791-€32,645▼ 85.7%
Operating result€22,538--€15,194
Net result€22,074--€15,457
EBIT margin9.9%--46.5%▼ 56.4pp
Equity€37,074-€21,617▼ 41.7%
Total assets€137,587-€87,234▼ 36.6%
Debt€100,513-€65,618▼ 34.7%
Working capital€40,497-€21,242▼ 47.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,194 after €22,538 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87,234
Fixed assets
€28,245 ▲ 19.6%
Current assets
€58,989 ▼ 48.2%
Equity and liabilities €87,234
Equity
€21,617 ▼ 41.7%
Debt
€65,618 ▼ 34.7%
Debt's share of the balance-sheet total rises from 73.1% to 75.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,624▼
2023 · €28,108
Cash flow
-€9,887▼
2023 · €27,645
Current ratio
1.56▲
2023 · 1.55
Debt to equity
3.04▲
2023 · 2.71
ROE
-71.5%▼
2023 · 59.5%
ROA
-17.7%▼
2023 · 16.0%
Interest coverage
-36.59▼
2023 · 59.95
Debt ≤ 1 year
€37,747▼
2023 · €73,478
Debt > 1 year
€27,871▲
2023 · €27,035
Staff costs
€7,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €227,791 | €32,645 | ▼ 85.7% |
| Goods, raw materials, services and sundry goods60/61 | €150,139 | €34,525 | ▼ 77.0% |
| Remuneration, social security and pensions62 | - | €7,743 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,571 | €5,571 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €49,086 | - | - |
| Other operating charges640/8 | €459 | - | - |
| Gross operating margin9900 | €77,653 | -€1,880 | ▼ 102% |
| Operating profit (loss)9901 | €22,538 | -€15,194 | ▼ 167% |
| Financial income75/76B | €6 | - | - |
| Recurring financial income75 | €6 | - | - |
| Financial charges65/66B | €469 | €263 | ▼ 43.9% |
| Recurring financial charges65 | €469 | €263 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | €22,074 | -€15,457 | ▼ 170% |
| Profit (loss) for the period9904 | €22,074 | -€15,457 | ▼ 170% |
| Profit (loss) for the period to be appropriated9905 | €22,074 | -€15,457 | ▼ 170% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €137,587 | €87,234 | ▼ 36.6% |
| Fixed assets21/28 | €23,612 | €28,245 | ▲ 19.6% |
| Tangible fixed assets22/27 | €23,612 | €28,245 | ▲ 19.6% |
| Furniture and vehicles24 | €23,612 | €28,245 | ▲ 19.6% |
| Current assets29/58 | €113,975 | €58,989 | ▼ 48.2% |
| Amounts receivable within one year40/41 | €91,357 | €36,288 | ▼ 60.3% |
| Trade receivables40 | €600 | €3,153 | ▲ 426% |
| Other amounts receivable41 | €90,757 | €33,135 | ▼ 63.5% |
| Cash at bank and in hand54/58 | €5 | €87 | ▲ 1,758% |
| Deferred charges and accrued income490/1 | €22,614 | €22,614 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €137,587 | €87,234 | ▼ 36.6% |
| Equity10/15 | €37,074 | €21,617 | ▼ 41.7% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €22,074 | €6,617 | ▼ 70.0% |
| Amounts payable17/49 | €100,513 | €65,618 | ▼ 34.7% |
| Amounts payable after more than one year17 | €27,035 | €27,871 | ▲ 3.1% |
| Financial debts170/4 | €27,035 | €27,871 | ▲ 3.1% |
| Amounts payable within one year42/48 | €73,478 | €37,747 | ▼ 48.6% |
| Financial debts43 | €836 | - | - |
| Credit institutions430/8 | €836 | - | - |
| Trade debts44 | €48,066 | €21,326 | ▼ 55.6% |
| Suppliers440/4 | €48,066 | €21,326 | ▼ 55.6% |
| Taxes, remuneration and social security45 | €24,576 | €16,421 | ▼ 33.2% |
| Taxes450/3 | €24,576 | €14,793 | ▼ 39.8% |
| Remuneration and social security454/9 | - | €1,628 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €22,074 | -€15,457 | ▼ 170% |
| + Depreciation and write-downs630 | €5,571 | €5,571 | = |
| Operating cash flow (approximation) | €27,645 | -€9,887 | ▼ 136% |
| Investment in fixed assets (approximation) | - | -€10,204 | - |
| Change in cash | - | €82 | - |
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
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 342 days late
2024
21-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
NBB filing
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
2 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, Watermaal-Bosvoorde
Ground area
1.4 ha
Building footprint
398 m²
Volume, LiDAR
14,689 m³
Parcel 21017D0214/00F000, Brussels · tallest building 40.7 m, ±12 floors. Linked by address, not a title deed.
321
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0214/00F000 | Brussels | 1.4 ha | 1 · 398 m² | 40.7 m · 12 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.
Similar companies · same sector, comparable size
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VICTOR DUBART
BE 0841.556.558
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VR SANIT BV
BE 0790.749.443
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N&E
BE 0642.960.639
Elsene · Eq €21,645
VIASO CONSTRUCT
BE 0743.984.951
Ganshoren · Eq €21,587
Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,296 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
Founded22-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
42990Civil engineering
43221Plumbing work
Contact
Website
tibconstruct.be
E-mail
info.tib.construct@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.