Tibcat
ActiveTibcat has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €143k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 1892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent▼ -22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency74▼-26
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 4.57 in 2024), and 57.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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
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
42.6%
Return on assets
24.8%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
37 d early
2024
12 d early
2023
47 d early
2022
60 d early
2021
23 d early
2020
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€246k▼ 27.3%
2024 · €338k
2020: €51k
2021: €109k
2022: €144k
2023: €180k
2024: €338k
2020 → 2025
Total assets
€577k▲ 43.1%
2024 · €403k
2020: €95k
2021: €177k
2022: €199k
2023: €223k
2024: €403k
2020 → 2025
Net result
€143k▼ 9.4%
2024 · €158k
2020: €46k
2021: €58k
2022: €35k
2023: €36k
2024: €158k
2020 → 2025
Working capital
€145k▼ 38.1%
2024 · €234k
2020: €48k
2021: €107k
2022: €112k
2023: €112k
2024: €234k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€144k▲ 32.2%€180k▲ 24.7%€338k▲ 88.1%€246k▼ 27.3%
Operating result€73k-€46k▼ 37.0%€48k▲ 4.5%€212k▲ 343%€194k▼ 8.4%
Net result€58k-€35k▼ 39.2%€36k▲ 1.5%€158k▲ 344%€143k▼ 9.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577k
Fixed assets
€101k▼ 2.9%
Current assets
€476k▲ 59.1%
Equity and liabilities €577k
Equity
€246k▼ 27.3%
Debt
€331k▲ 406%
The debt ratio rises from 16.2% to 57.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€225k▼
2024 · €235k
Cash flow
€174k▼
2024 · €181k
Solvency
42.6%▼
2024 · 83.8%
Current ratio
1.44▼
2024 · 4.57
Quick ratio
1.44▼
2024 · 4.57
Debt / equity
1.35▲
2024 · 0.19
ROE
58.3%▲
2024 · 46.8%
ROA
24.8%▼
2024 · 39.2%
Interest coverage
414.81▲
2024 · 183.79
Debt
€331k▲
2024 · €65k
Debt ≤ 1 year
€331k▲
2024 · €65k
Income taxes
€51k▼
2024 · €53k
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€403k€577k▲
Fixed assets21/28€104k€101k▼
Tangible fixed assets22/27€100k€97k▼
Plant, machinery and equipment23€22k€33k▲
Furniture and vehicles24€78k€64k▼
Financial fixed assets28€4k€4k=
Current assets29/58€299k€476k▲
Amounts receivable within one year40/41€76k€124k▲
Trade receivables40€69k€114k▲
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€223k€353k▲
Deferred charges and accrued income490/1€395€0▼
Equity and liabilities
Total equity and liabilities10/49€403k€577k▲
Equity10/15€338k€246k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€333k€241k▼
Amounts payable17/49€65k€331k▲
Amounts payable within one year42/48€65k€331k▲
Trade debts44€5k€35k▲
Suppliers440/4€5k€35k▲
Taxes, remuneration and social security45€60k€97k▲
Taxes450/3€60k€97k▲
Other amounts payable47/48€0€200k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€31k▲
Other operating charges640/8€243€472▲
Gross operating margin9900€235k€226k▼
Operating profit (loss)9901€212k€194k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€1k€544▼
Recurring financial charges65€1k€544▼
Profit (loss) for the period before taxes9903€211k€194k▼
Income taxes67/77€53k€51k▼
Profit (loss) for the period9904€158k€143k▼
Profit (loss) for the period to be appropriated9905€158k€143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€333k€476k▲
Profit (loss) brought forward from the previous period14P€175k€333k▲
Profit to be distributed694/7-€235k
Return on contributions (dividend)694-€235k
The notes to these accounts (13 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
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2020net €158k ▲344%
Operating result €212k, net result €158k, both a record.
30-09
Financial
Equity above €200kEq €338k ▲88.1%
5 profitable years in a row build equity to €338k.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €180k ▲24.7%
4 profitable years in a row build equity to €180k.
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €35k ▼39.2%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €109k ▲113%
2 profitable years in a row build equity to €109k.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Merchtem · 2 establishment units since 2020
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.
Drinkeling 41785 MerchtemGround area
875 m²
Building footprint
183 m²
Volume, LiDAR
1,189 m³
2 parcels, Brussels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Tibcat
since 20202.300.390.434
Tibcat
since 20262.387.093.586
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012H0240/00N000 | Flanders | 744 m² | 1 · 182 m² | 9.6 m · 2 fl. |
| 21802B1342/00V002 | Brussels | 130 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SERENGETTI
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Of 3,142 companies in sector 63920 we hold annual accounts for 1,516. 1,138 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2020
Fiscal year end30-09
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.