TIBALEX
ActiveTIBALEX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €271k and a net result of €91k. Equity is growing by ~35.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
100
/ 100
Excellent= vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 6.01 against 4.43 in 2025), and 14.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2026Solvency, return and age of the figures
Solvency
85.1%
Return on assets
28.7%
Age of the figures
5 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-09-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
58 d early
2025
46 d early
2024
42 d early
2023
4 d early
2022
41 d early
2021
6 d early
2020
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€271k▲ 41.0%
2025 · €192k
2019: €30k
2020: €42k
2021: €60k
2022: €74k
2023: €101k
2024: €131k
2025: €192k
2019 → 2026
Total assets
€318k▲ 31.0%
2025 · €243k
2019: €99k
2020: €124k
2021: €88k
2022: €108k
2023: €146k
2024: €177k
2025: €243k
2019 → 2026
Net result
€91k▲ 20.8%
2025 · €76k
2019: €15k
2020: €13k
2021: €17k
2022: €16k
2023: €33k
2024: €33k
2025: €76k
2019 → 2026
Working capital
€238k▲ 36.7%
2025 · €174k
2019: €22k
2020: €42k
2021: €47k
2022: €59k
2023: €89k
2024: €112k
2025: €174k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€74k-€101k▲ 35.8%€131k▲ 29.6%€192k▲ 47.2%€271k▲ 41.0%
Operating result€25k-€46k▲ 84.7%€45k▼ 1.6%€106k▲ 137%€129k▲ 21.7%
Net result€16k-€33k▲ 104%€33k▼ 1.2%€76k▲ 131%€91k▲ 20.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 22% above 2025 and is the highest year so far.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €318k
Fixed assets
€33k▲ 82.7%
Current assets
€286k▲ 26.9%
Equity and liabilities €318k
Equity
€271k▲ 41.0%
Debt
€48k▼ 6.6%
The debt ratio falls from 20.9% to 14.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€136k▲
2025 · €117k
Cash flow
€98k▲
2025 · €86k
Solvency
85.1%▲
2025 · 79.1%
Current ratio
6.01▲
2025 · 4.43
Quick ratio
5.73▲
2025 · 4.15
Debt / equity
0.18▼
2025 · 0.26
ROE
33.7%▼
2025 · 39.3%
ROA
28.7%▼
2025 · 31.1%
Interest coverage
248.27▲
2025 · 135.15
Debt
€48k▼
2025 · €51k
Debt ≤ 1 year
€48k▼
2025 · €51k
Income taxes
€37k▲
2025 · €30k
Staff costs
€53k▼
2025 · €103k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€243k€318k▲
Fixed assets21/28€18k€33k▲
Tangible fixed assets22/27€11k€26k▲
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24-€17k
Other tangible fixed assets26-€1k
Financial fixed assets28€7k€7k=
Current assets29/58€225k€286k▲
Stocks and contracts in progress3€14k€14k▼
Stocks30/36€14k€14k▼
Amounts receivable within one year40/41€45k€74k▲
Trade receivables40€45k€71k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€166k€197k▲
Deferred charges and accrued income490/1€388€945▲
Equity and liabilities
Total equity and liabilities10/49€243k€318k▲
Equity10/15€192k€271k▲
Contributions10/11€31k€31k=
Reserves13€161k€240k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€159k€238k▲
Amounts payable17/49€51k€48k▼
Amounts payable within one year42/48€51k€48k▼
Trade debts44€29k€35k▲
Suppliers440/4€29k€35k▲
Taxes, remuneration and social security45€20k€11k▼
Taxes450/3€20k€11k▼
Other amounts payable47/48€2k€2k▲
Income statement
Code20252026
Non-recurring operating income76A€11k-
Remuneration, social security and pensions62€103k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€221k€190k▼
Operating profit (loss)9901€106k€129k▲
Financial income75/76B€687-
Recurring financial income75€687-
Financial charges65/66B€865€547▼
Recurring financial charges65€865€547▼
Profit (loss) for the period before taxes9903€106k€128k▲
Income taxes67/77€30k€37k▲
Profit (loss) for the period9904€76k€91k▲
Profit (loss) for the period to be appropriated9905€76k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€91k▲
Transfer from equity791/2€14k€13k▼
Transfer to equity691/2€76k€91k▲
To other reserves6921€76k€91k▲
Profit to be distributed694/7€14k€13k▼
Return on contributions (dividend)694€14k€13k▼
The notes to these accounts (6 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 2027, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2019net €91k ▲20.8%
Operating result €129k, net result €91k, both a record.
31-03
Financial
Equity above €200kEq €271k ▲41%
8 profitable years in a row build equity to €271k.
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150kEq €192k ▲47.2%
7 profitable years in a row build equity to €192k.
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €101k ▲35.8%
5 profitable years in a row build equity to €101k.
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
31-03
Financial
Weakest financial yearnet €13k ▼14.9%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zedelgem · 1 establishment unit since 1997
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.
Autobaan 48210 ZedelgemGround area
1,296 m²
Building footprint
502 m²
Volume, LiDAR
2,456 m³
Parcel 31017B0048/05_000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AUTOGLAS BRUGGE
since 19972.081.021.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017B0048/05_000 | Flanders | 1,296 m² | 1 · 502 m² | 8.3 m · 2 fl. |
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
2023 to 2024 · 2 entries · 9,225 EUR awarded · 9,225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,725 EUR | 1,725 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400R2GCZWFQR6PV12
Similar companies · same sector, comparable size
VDH
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Percy Motors Perwez
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MAASEIKER AUTOMOBIELBEDRIJF
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Beringen · Eq €271k
GARAGE GUNS
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PRO - CAR
BE 0446.516.140
Incourt · Eq €270k
Of 7,342 companies in sector 95311 we hold annual accounts for 2,941. 2,261 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-1997
Fiscal year end31-03
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.