TIBAS
ActiveSummary
TIBAS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €116k and a net result of €68k. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+88
Solvency52=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.01 in 2023; short-term debt: 50.6% and cash: 14.5% of total assets), and 73.3% of the assets are financed with debt.
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d late
2022
20 d early
2021
51 d early
2020
31 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Turnover
€1.89M
EBIT margin
6.1%
Net result
€68k
2023 · €-113k
Working capital
€50k▲ 2,523%
2023 · €2k
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
Line20202021202220232024
Turnover
Operating result€-67k▼ 118%€63k€-93k€-113k▼ 21.0%€72k
Net result€-67k▼ 130%€65k€-92k€-113k▼ 22.4%€68k
EBIT margin
Equity€188k▼ 26.2%€252k▲ 34.5%€160k▼ 36.5%€48k▼ 70.2%€116k▲ 142%
Total assets€229k▼ 47.8%€298k▲ 30.1%€197k▼ 34.0%€176k▼ 10.7%€432k▲ 146%
Debt€41k▼ 77.6%€46k▲ 10.2%€36k▼ 20.2%€128k▲ 252%€316k▲ 147%
Working capital€161k▼ 26.3%€184k▲ 14.1%€105k▼ 42.8%€2k▼ 98.2%€50k▲ 2,523%
Staff (FTE)6.6▼ 18.5%6.6=6.3▼ 4.5%5.4▼ 14.3%6.1▲ 13.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €72k after a loss of €113k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €432k
Fixed assets
€164k ▲ 258%
Current assets
€268k ▲ 107%
Equity and liabilities €432k
Equity
€116k ▲ 142%
Debt
€316k ▲ 147%
Debt's share of the balance-sheet total rises from 72.8% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▲
2023 · €-101k
Cash flow
€93k▲
2023 · €-101k
Current ratio
1.23▲
2023 · 1.01
Quick ratio
1.06▲
2023 · 0.72
Debt to equity
2.74▲
2023 · 2.68
ROE
58.7%▲
2023 · -236.1%
ROA
15.7%▲
2023 · -64.1%
Interest coverage
17.02▲
2023 · -379.99
Debt ≤ 1 year
€219k▲
2023 · €128k
Debt > 1 year
€98k
Income taxes
€538▲
2023 · €468
Staff costs
€381k▲
2023 · €344k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €413 | - |
| Remuneration, social security and pensions62 | - | €364k | €339k | €344k | €381k | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €8k | €13k | €11k | €25k | ▲ 124% |
| Other operating charges640/8 | - | €3k | €12k | €13k | €4k | ▼ 67.8% |
| Gross operating margin9900 | €293k | €437k | €271k | €256k | €482k | ▲ 88.3% |
| Operating profit (loss)9901 | €-67k | €63k | €-93k | €-113k | €72k | ▲ 164% |
| Financial income75/76B | - | €3k | €3k | €601 | €2k | ▲ 263% |
| Recurring financial income75 | €2k | €3k | €3k | €601 | €2k | ▲ 263% |
| Financial charges65/66B | - | €274 | €1k | €267 | €6k | ▲ 2,035% |
| Recurring financial charges65 | €1k | €274 | €1k | €267 | €6k | ▲ 2,035% |
| Profit (loss) for the period before taxes9903 | €-66k | €65k | €-91k | €-112k | €68k | ▲ 161% |
| Income taxes67/77 | €351 | €411 | €567 | €468 | €538 | ▲ 14.9% |
| Profit (loss) for the period9904 | €-67k | €65k | €-92k | €-113k | €68k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €65k | €-92k | €-113k | €68k | ▲ 160% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229k | €298k | €197k | €176k | €432k | ▲ 146% |
| Fixed assets21/28 | €27k | €69k | €55k | €46k | €164k | ▲ 258% |
| Tangible fixed assets22/27 | €21k | €63k | €49k | €42k | €160k | ▲ 280% |
| Plant, machinery and equipment23 | - | €3k | €2k | €5k | €6k | ▲ 11.6% |
| Furniture and vehicles24 | - | €40k | €30k | €22k | €19k | ▼ 11.5% |
| Leasing and similar rights25 | - | - | - | - | €122k | - |
| Other tangible fixed assets26 | - | €20k | €18k | €15k | €13k | ▼ 14.3% |
| Financial fixed assets28 | €6k | €6k | €6k | €4k | €4k | ▲ 6.7% |
| Current assets29/58 | €202k | €229k | €141k | €130k | €268k | ▲ 107% |
| Stocks and contracts in progress3 | €48k | €65k | €56k | €38k | €36k | ▼ 3.9% |
| Stocks30/36 | - | €65k | €56k | €38k | €36k | ▼ 3.9% |
| Amounts receivable within one year40/41 | €105k | €104k | €65k | €81k | €151k | ▲ 86.4% |
| Trade receivables40 | - | €58k | €46k | €72k | €136k | ▲ 90.3% |
| Other amounts receivable41 | - | €46k | €19k | €9k | €14k | ▲ 55.8% |
| Cash at bank and in hand54/58 | €33k | €53k | €17k | €6k | €63k | ▲ 882% |
| Deferred charges and accrued income490/1 | - | €7k | €4k | €5k | €18k | ▲ 292% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229k | €298k | €197k | €176k | €432k | ▲ 146% |
| Equity10/15 | €188k | €252k | €160k | €48k | €116k | ▲ 142% |
| Contributions10/11 | - | €43k | €43k | €43k | €43k | = |
| Reserves13 | €145k | €209k | €117k | €5k | €73k | ▲ 1,439% |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €205k | €113k | €416 | €68k | ▲ 16,309% |
| Amounts payable17/49 | €41k | €46k | €36k | €128k | €316k | ▲ 147% |
| Amounts payable after more than one year17 | - | - | - | - | €98k | - |
| Financial debts170/4 | - | - | - | - | €98k | - |
| Amounts payable within one year42/48 | €41k | €46k | €36k | €128k | €219k | ▲ 70.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €38k | - |
| Trade debts44 | €12k | €26k | €7k | €83k | €95k | ▲ 14.3% |
| Suppliers440/4 | - | €26k | €7k | €82k | €95k | ▲ 15.7% |
| Bills of exchange payable441 | - | - | - | €1k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €20k | €29k | €27k | €75k | ▲ 174% |
| Taxes450/3 | - | €84 | €7k | €8k | €7k | ▼ 20.4% |
| Remuneration and social security454/9 | - | €19k | €22k | €19k | €69k | ▲ 261% |
| Other amounts payable47/48 | - | €255 | €580 | €17k | €10k | ▼ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €65k | €-92k | €-113k | €68k | ▲ 160% |
| + Depreciation and write-downs630 | €22k | €8k | €13k | €11k | €25k | ▲ 124% |
| Operating cash flow (approximation) | €-45k | €72k | €-79k | €-101k | €93k | ▲ 192% |
| Investment in fixed assets (approximation) | - | €-50k | €0 | €-2k | €-143k | ▼ 8,705% |
| Change in cash | - | €20k | €-36k | €-10k | €56k | ▲ 650% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €68k
Net result €68k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €116k ▲142%
Equity rises from €48k to €116k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €252k ▲34.5%
Equity rises from €188k to €252k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.90
Current ratio from 2.20 to 4.90; short-term debt falls from €182k to €41k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2010
Ground area
8,382 m²
Building footprint
3,875 m²
Volume, LiDAR
8,992 m³
Parcel 11056B0625/00V002, Flanders · tallest building 8.3 m. Linked by address, not a title deed.
1 establishment unit
TIBAS
since 20102.189.842.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056B0625/00V002 | Flanders | 8,382 m² | 1 · 3,875 m² | 8.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 5,060 EUR awarded · 5,060 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,250 EUR | 2,250 EUR |
| 2022 | 1 | 2,810 EUR | 2,810 EUR |
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Of 4,019 companies in sector 43310 we hold annual accounts for 1,746. 1,489 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
Founded12-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43230Insulation installation
43320Joinery installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.