TIBET
ActiveSummary
TIBET has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €689,885 and a net result of €123,501. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 95% of 75 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+17
Solvency100=
Growth56=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 45.9 against 14.98 in 2023; short-term debt: 2.2% and cash: 1.2% of total assets), and 2.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.8%
Return on assets
17.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €689,885
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
35 d early
2024
13 d early
2023
33 d early
2022
32 d late
2021
22 d late
2020
16 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€41,034▲ 1.9%
2020 · €40,257
EBIT margin
16.8%▲ 67.9pp
2020 · -51.1%
Net result
€123,501▲ 389%
2023 · €25,263
Working capital
€686,438▲ 195%
2023 · €233,009
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€40,257▲ 20.3%€41,034▲ 1.9%
Operating result-€20,565▼ 21.3%€6,895€17,912▲ 160%€23,049▲ 28.7%€138,779▲ 502%
Net result-€20,366below the sector's middle half▼ 15.8%€6,072within the sector's middle half€11,441within the sector's middle half▲ 88.4%€25,263within the sector's middle half▲ 121%€123,501within the sector's middle half▲ 389%
EBIT margin-51.1%▼ 0.4pp16.8%▲ 67.9pp
Equity€523,609above the sector's middle half▼ 3.7%€529,680above the sector's middle half▲ 1.2%€541,121within the sector's middle half▲ 2.2%€566,384within the sector's middle half▲ 4.7%€689,885within the sector's middle half▲ 21.8%
Total assets€534,745above the sector's middle half▼ 3.3%€546,446above the sector's middle half▲ 2.2%€551,513below the sector's middle half▲ 0.9%€583,052within the sector's middle half▲ 5.7%€705,172within the sector's middle half▲ 20.9%
Debt€11,136▲ 20.5%€16,766▲ 50.5%€10,392▼ 38.0%€16,668▲ 60.4%€15,287▼ 8.3%
Working capital€218,769above the sector's middle half▼ 0.3%€235,396above the sector's middle half▲ 7.6%€256,007within the sector's middle half▲ 8.8%€233,009within the sector's middle half▼ 9.0%€686,438within the sector's middle half▲ 195%
Solvency97.9%above the sector's middle half▼ 0.4pp96.9%above the sector's middle half▼ 1.0pp98.1%above the sector's middle half▲ 1.2pp97.1%above the sector's middle half▼ 1.0pp97.8%above the sector's middle half▲ 0.7pp
Current ratio20.87above the sector's middle half▼ 4.5915.12above the sector's middle half▼ 5.7525.63above the sector's middle half▲ 10.5114.98above the sector's middle half▼ 10.6545.90above the sector's middle half▲ 30.92
Return on assets (ROA)-3.8%within the sector's middle half▼ 0.6pp1.1%within the sector's middle half▲ 4.9pp2.1%within the sector's middle half▲ 1.0pp4.3%within the sector's middle half▲ 2.3pp17.5%within the sector's middle half▲ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 502% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €705,172
Fixed assets
€3,447 ▼ 99.0%
Current assets
€701,725 ▲ 181%
Equity and liabilities €705,172
Equity
€689,885 ▲ 21.8%
Debt
€15,287 ▼ 8.3%
Debt's share of the balance-sheet total falls from 2.9% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139,317▲
2023 · €31,006
Cash flow
€124,038▲
2023 · €33,220
Debt to equity
0.02▼
2023 · 0.03
ROE
17.9%▲
2023 · 4.5%
Interest coverage
252.63▲
2023 · 49.99
Debt ≤ 1 year
€15,287▼
2023 · €16,668
Income taxes
€15,674▲
2023 · -€2,376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €40,257 | €41,034 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €91,923 | €74,131 | ▼ 19.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €43,621 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,742 | €10,585 | €10,016 | €7,957 | €537 | ▼ 93.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €5,749 | - |
| Other operating charges640/8 | - | €2,164 | €2,299 | €30,880 | €1,988 | ▼ 93.6% |
| Non-recurring operating charges66A | - | - | - | - | €819 | - |
| Gross operating margin9900 | €1,390 | €19,643 | €30,227 | €61,886 | €147,872 | ▲ 139% |
| Operating profit (loss)9901 | -€20,565 | €6,895 | €17,912 | €23,049 | €138,779 | ▲ 502% |
| Financial income75/76B | - | €5 | - | €459 | €947 | ▲ 107% |
| Recurring financial income75 | €462 | €5 | - | €459 | €947 | ▲ 107% |
| Financial charges65/66B | - | €828 | €425 | €620 | €551 | ▼ 11.1% |
| Recurring financial charges65 | €244 | €828 | €425 | €620 | €551 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | -€20,347 | €6,072 | €17,487 | €22,888 | €139,175 | ▲ 508% |
| Income taxes67/77 | €19 | €1 | €6,046 | -€2,376 | €15,674 | ▲ 760% |
| Profit (loss) for the period9904 | -€20,366 | €6,072 | €11,441 | €25,263 | €123,501 | ▲ 389% |
| Profit (loss) for the period to be appropriated9905 | -€20,366 | €6,072 | €11,441 | €25,263 | €123,501 | ▲ 389% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €534,745 | €546,446 | €551,513 | €583,052 | €705,172 | ▲ 20.9% |
| Fixed assets21/28 | €304,967 | €294,382 | €285,114 | €333,375 | €3,447 | ▼ 99.0% |
| Tangible fixed assets22/27 | €304,967 | €294,382 | €285,114 | €333,375 | €3,447 | ▼ 99.0% |
| Land and buildings22 | - | €291,882 | €282,003 | €329,910 | - | - |
| Plant, machinery and equipment23 | - | €2,500 | €2,500 | €2,500 | €3,013 | ▲ 20.5% |
| Furniture and vehicles24 | - | €0 | €611 | €966 | €434 | ▼ 55.1% |
| Current assets29/58 | €229,779 | €252,064 | €266,399 | €249,677 | €701,725 | ▲ 181% |
| Amounts receivable within one year40/41 | €16,553 | €27,303 | €13,716 | €17,935 | €417,180 | ▲ 2,226% |
| Trade receivables40 | - | €26,719 | €13,716 | €14,991 | €414,502 | ▲ 2,665% |
| Other amounts receivable41 | - | €585 | - | €2,944 | €2,678 | ▼ 9.0% |
| Current investments50/53 | €189,374 | €202,371 | €232,365 | €226,845 | €275,264 | ▲ 21.3% |
| Cash at bank and in hand54/58 | €23,851 | €22,146 | €18,807 | €4,872 | €8,645 | ▲ 77.4% |
| Deferred charges and accrued income490/1 | - | €244 | €1,512 | €24 | €635 | ▲ 2,516% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €534,745 | €546,446 | €551,513 | €583,052 | €705,172 | ▲ 20.9% |
| Equity10/15 | €523,609 | €529,680 | €541,121 | €566,384 | €689,885 | ▲ 21.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,859 | €1,859 | €13,300 | €38,563 | €162,064 | ▲ 320% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €11,441 | €36,704 | €160,205 | ▲ 336% |
| Profit (loss) carried forward14 | €503,150 | €509,221 | €509,221 | €509,221 | €509,221 | = |
| Amounts payable17/49 | €11,136 | €16,766 | €10,392 | €16,668 | €15,287 | ▼ 8.3% |
| Amounts payable within one year42/48 | €11,009 | €16,668 | €10,392 | €16,668 | €15,287 | ▼ 8.3% |
| Trade debts44 | €11,009 | €12,386 | €2,211 | €16,641 | €794 | ▼ 95.2% |
| Suppliers440/4 | - | €12,386 | €2,211 | €16,641 | €794 | ▼ 95.2% |
| Taxes, remuneration and social security45 | - | €0 | €6,572 | €26 | €14,492 | ▲ 54,942% |
| Taxes450/3 | - | €0 | €6,572 | €26 | €14,492 | ▲ 54,942% |
| Other amounts payable47/48 | - | €4,282 | €1,609 | - | - | - |
| Accrued charges and deferred income492/3 | - | €97 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,366 | €6,072 | €11,441 | €25,263 | €123,501 | ▲ 389% |
| + Depreciation and write-downs630 | €19,742 | €10,585 | €10,016 | €7,957 | €537 | ▼ 93.2% |
| Operating cash flow (approximation) | -€624 | €16,656 | €21,456 | €33,220 | €124,038 | ▲ 273% |
| Investment in fixed assets (approximation) | - | €0 | -€748 | -€56,218 | €329,391 | ▲ 686% |
| Change in cash | - | -€1,706 | -€3,339 | -€13,934 | €3,773 | ▲ 127% |
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
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
19-03
State Gazette act
Resignation: Virginie GASCARD VERHASSELT (non-statutory director)Director discharge · Registered-office move · Power of attorney5 facts ▸
State Gazette act
Resignation: Virginie GASCARD VERHASSELT (non-statutory director)
Director discharge · Registered-office move · Power of attorney5 facts ▸
- General meeting, 29/12/2025
- Director resignation, Virginie GASCARD VERHASSELT (non-statutory director)
- Director discharge, Virginie GASCARD VERHASSELT
- Registered-office move, 5600 Philippeville, Rue d'Omezée 26
- Power of attorney, SRL FKJ Accountancy & Consulting
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €123,501 ▲389%
Operating result €138,779, net result €123,501, both a record.
31-12
Financial
Liquidity triplescurrent ratio 45.90
Current ratio from 14.98 to 45.90; short-term debt falls from €16,668 to €15,287.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €6,072
Net result €6,072 after 3 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet -€20,366
Net result drops to -€20,366, the lowest in the series; recovery starts the following year.
Show earlier events
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Philippeville · 1 establishment unit since 1986
Ground area
2,956 m²
Building footprint
160 m²
Volume, LiDAR
1,159 m³
Parcel 93051B0263/00E000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TIBET S.P.R.L.
since 19862.035.797.495
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93051B0263/00E000 | Wallonia | 2,956 m² | 1 · 160 m² | 9.0 m · 2 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.
Mandate history
1 person since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GASCARD VERHASSELT Virginie |
|
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Of 1,257 companies in sector 92313 we hold annual accounts for 471. 327 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
Founded04-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.