Turnover
Turnover rose in 2025 from €32,645 to €105,989.
Turnover rose in 2025 from €32,645 to €105,989.
Debts rose by €51,562 in 2025.
TIB CONSTRUCT pays its suppliers 66 days earlier than in 2024. Customers pay 88 days later.
Short-term debts rose from €37,747 to €42,970.
Latest accounts filed late: after the legal deadline.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 32% of them on solvency, 79% on liquidity, 61% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as TIB CONSTRUCT has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TIB CONSTRUCT itself is higher: 13.3% within 12 months. It rests on far more data about TIB CONSTRUCT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for TIB CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.17 (1.56 in 2024), above the usual 1.5. Short-term debt is 25.6% of total assets. However, 69.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 113 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TIB CONSTRUCT Watermael-Boitsfort | €168,006 | €29,590 | 30.3% | - |
| TINA SERVICES Halle | €182,437 | €32,422 | 20.8% | - |
| BMS Renov Overijse | €168,213 | €29,807 | 26.1% | - |
| PRO BETON Aalst | €174,541 | €27,916 | 49.6% | - |
| NABA CONSTRUCT Zaventem | €176,109 | €24,759 | 76.2% | - |
| VERMEIR GRONDWERKEN Zottegem | €174,917 | €35,784 | 29.1% | - |
| Mariën-Cypers Balen | €184,510 | €28,494 | 3.1% | - |
These companies have the same main activity as TIB CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €168,000 and €185,000, founded between 2021 and 2023.
TIB CONSTRUCT has existed since 2022. Turnover fell from €227,791 in 2023 to €32,645 in 2024. The accounts now follow the abbreviated format, last year the full format.
Solvency rose in 2025 from 24.8% to 30.3% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 33% of 9,973 companies in 2025.
Higher than 76% of 9,836 companies in 2025.
Higher than 83% of 9,905 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
168,006 | 87,234 | 137,587 | |
21/28 |
31,877 | 28,245 | 23,612 | |
22/27 |
31,877 | 28,245 | 23,612 | |
24 |
31,877 | 28,245 | 23,612 | |
29/58 |
136,129 | 58,989 | 113,975 | |
40/41 |
113,515 | 36,288 | 91,357 | |
40 |
35,765 | 3,153 | 600 | |
41 |
77,750 | 33,135 | 90,757 | |
54/58 |
- | 87 | 5 | |
490/1 |
22,614 | 22,614 | 22,614 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
168,006 | 87,234 | 137,587 | |
10/15 |
50,826 | 21,617 | 37,074 | |
10/11 |
15,000 | 15,000 | 15,000 | |
14 |
35,826 | 6,617 | 22,074 | |
17/49 |
117,180 | 65,618 | 100,513 | |
17 |
74,210 | 27,871 | 27,035 | |
170/4 |
74,210 | 27,871 | 27,035 | |
42/48 |
42,970 | 37,747 | 73,478 | |
43 |
14 | - | 836 | |
430/8 |
14 | - | 836 | |
44 |
33,192 | 21,326 | 48,066 | |
440/4 |
33,192 | 21,326 | 48,066 | |
45 |
9,764 | 16,421 | 24,576 | |
450/3 |
9,764 | 14,793 | 24,576 | |
454/9 |
- | 1,628 | - | |
| Income statement | ||||
70 |
105,989 | 32,645 | 227,791 | |
9900 |
29,590 | -1,880 | 77,653 | |
60/61 |
76,399 | 34,525 | 150,139 | |
62 |
- | 7,743 | - | |
630 |
- | 5,571 | 5,571 | |
631/4 |
- | - | 49,086 | |
640/8 |
93 | - | 459 | |
9901 |
29,497 | -15,194 | 22,538 | |
75/76B |
- | - | 6 | |
75 |
- | - | 6 | |
65/66B |
288 | 263 | 469 | |
65 |
288 | 263 | 469 | |
9903 |
29,209 | -15,457 | 22,074 | |
9904 |
29,209 | -15,457 | 22,074 | |
9905 |
29,209 | -15,457 | 22,074 | |
| Appropriation of the result | ||||
9906 |
35,826 | 6,617 | 22,074 | |
14P |
6,617 | 22,074 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-11-2026.
2025 annual accounts filed 98 days after the deadline. Filed on 6 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603515.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | -9,624 | 28,108 | ||
| - | -9,887 | 27,645 | ||
| - | 10,205 | 29,183 | ||
| - | 82 | - | ||
| 93,159 | 21,242 | 40,497 | ||
| 27.8% | -46.5% | 9.9% | ||
| 30.3% | 24.8% | 26.9% | ||
| 3.17 | 1.56 | 1.55 | ||
| 2.31 | 3.04 | 2.71 | ||
| 57.5% | -71.5% | 59.5% | ||
| 17.4% | -17.7% | 16.0% | ||
| - | -36.59 | 59.95 | ||
| 123 days | 35 days | 1 day | ||
| 159 days | 225 days | 117 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €10,205 | €29,183 |
| - | €5,571 | €5,571 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €29,497, after a loss of €15,194 in 2024. It is the highest result since 2023.
Debt's share of the balance-sheet total falls from 75.2% to 69.7%. Equity and debt are higher.
TIB CONSTRUCT has no parent and no holdings in its annual accounts. TIAL Otmane is the only director. TIB CONSTRUCT shares no director with another company.
| Compagnie immobilière de Limal
registered office since 06-06-2007 · founded in 2007 · accounts filed late |
total assets €5.6m (2024) 0889.948.868 |
| SG HOME INVEST
registered office since 01-09-2020 · founded in 2020 · negative equity (2024) · accounts filed late |
total assets €2.8m (2024) 0753.562.613 |
| SEN - INVEST
registered office since 11-06-1998 · founded in 1998 |
turnover €148,172 (2025) 0463.541.917 |
| CENTRE DE GOLF DE LOUVAIN-LA-NEUVE
registered office since 29-06-1988 · founded in 1988 |
1.5 FTE (2025) 0434.705.993 |
| SAUVIMMO
registered office since 03-09-1997 · founded in 1997 · accounts filed late |
total assets €2.0m (2024) 0461.355.259 |
| FERYS TRADING
registered office since 03-12-2019 · founded in 2019 · accounts filed late |
total assets €1.4m (2024) 0738.699.144 |
| Simon Boone
registered office since 15-02-2013 · founded in 2013 |
total assets €1.2m (2025) 0504.947.950 |
| JAMIMMO
registered office since 17-09-2018 · founded in 2018 |
total assets €935,058 (2025) 0704.678.274 |
| SCH SERVICES
registered office since 25-07-1994 · founded in 1994 · negative equity (2024) · accounts filed late |
total assets €911,432 (2024) 0453.157.076 |
| VIVA
registered office since 07-08-2020 · founded in 2020 |
turnover €895,616 (2025) 0751.905.297 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 22 August 2022, TIB CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €15,000.12 In 2025 the registered office moved to Watemael-Boitsfort.3 TIAL Otmane is director of the company, appointed by deed of 24-08-2022.2 Turnover went from €227,791 in 2023 to €105,989 in 2025.4
| Giervalkenlaan 10 registered office 1170 Watermael-Boitsfort |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21017D0214/00F000 | 1.4 ha | 1 · 398 m² | 40.7 m · 12 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0789.818.045
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