Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of TIBFIN is 0.6% (low). The 2024 annual accounts show equity of €2.00M and a net result of €30k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 86% of 1697 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
2 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 86% of 1697 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-09-2025 | 60 d late | 2025-00508224 |
| 31-12-2023 | 31-07-2024 | 28-08-2024 | 28 d late | 2024-00384051 |
| 31-12-2022 | 31-07-2023 | 11-09-2023 | 42 d late | 2023-00442983 |
| 31-12-2021 | 31-07-2022 | 12-09-2022 | 43 d late | 2022-20426702 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€30k-12.0%
Working capital€2.00M+1.5%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±1%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 73.7% | 14.3% | |
| Net result | €30k | €0 | |
| Equity | €2.00M | €108k | |
| Gross operating margin | €-10k | €52k | |
| Total assets | €2.71M | €1.50M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P86
Stable position over 2021-2024
· n=694-1697
P71
Stable position over 2021-2024
· n=694-1693
P86
Stable position over 2021-2024
· n=694-1697
P16
Stable position over 2021-2024
· n=692-1694
Describes the position versus peers, not a forecast.
€30k
-12.0%
21-24
€2.71M
+8.5%
21-24
€2.00M
+1.5%
21-24
€2.00M
+1.5%
21-24
€12k
+12.6%
21-24
€113k
+125.0%
21-24
€712k
+34.3%
21-24
€712k
+34.3%
21-24
3.80
-19.2%
21-24
3.80
-19.2%
21-24
73.7%
-6.4%
21-24
0.36
+32.3%
21-24
1.5%
-13.3%
21-24
1.1%
-18.9%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €30k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €12k |
| Dividends | - |
| Total assets | €2.71M |
| Equity | €2.00M |
| Debt | €712k |
| of which ≤ 1y | €712k |
| of which > 1y | - |
| Working capital | €2.00M |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.80 |
| Quick ratio | 3.80 |
| Working capital ratio | 73.7% |
| Solvency | 73.7% |
| Debt / equity | 0.36 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 1.1% |
| ROE | 1.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.71M |
| Current assets | 29/58 | €2.71M |
| Amounts receivable within one year | 40/41 | €2.71M |
| Cash & bank | 54/58 | €182 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.71M |
| Equity | 10/15 | €2.00M |
| Contributions / capital | 10/11 | €1.25M |
| Accumulated profits (losses) | 14 | €746k |
| Amounts payable | 17/49 | €712k |
| Amounts payable within one year | 42/48 | €712k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Gross operating margin | 9900 | €-10k |
| Operating result | 9901 | €-11k |
| Financial income | 75 | €71k |
| Financial charges | 65 | €18k |
| Result before taxes | 9903 | €42k |
| Income taxes | 67/77 | €12k |
| Net result for the period | 9904 | €30k |
| Result to be appropriated | 9905 | €30k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed78
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
Current09-12-2025 → present
2 events
- 09-12-2025 Resigned· Director
- 09-12-2025 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2021 |
| Status | Active |
| Postal code | 9000 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Kortrijksepoortstraat 1389000 GentEstablishment units
1 locationIMMO RES DEVELOPMENT
since 20212.317.881.613
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,157 m²
Buildings1
Building footprint179 m²
Volume (LiDAR)1,458 m³
Tallest building17.6 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1011/00G000 | Flanders | 1,157 m² | 1 · 179 m² | 17.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 5
04-05-2026
Capital decrease: amount: 6157.77, currency: EUR (voorgesteld)
04-05-2026
Capital increase: amount: 43842.23, currency: EUR (voorgesteld)
04-05-2026
Capital increase: amount: 43842.23, currency: EUR, description: bijkomende inbreng (voorgesteld)
04-05-2026
Capital decrease: amount: 6157.77, currency: EUR, description: dalen naar (voorgesteld)
26-08-2022
v3.2
All acts · 5
updated 3 months ago
2026
04-05-2026 Merger · Officer appointment · Share distribution · Accounting effect
- Filing: 2026-04-15 · TIBFIN
- Filing: 2026-04-03 · TIBFIN
- Merger: date: 2026-04-03, type: partial_split_by_takeoverproposed · TIBFIN
- Officer appointment: role: bestuurderproposed · Yves tiberghien
- Officer appointment: role: bestuurderproposed · Yves tiberghien
- Share distribution: shares: 37508proposed · TIBYCO CONSULTING & SERVICES
- Accounting effect: 2026-01-01proposed · TIBFIN
- Capital decrease: amount: 6157.77, currency: EURproposed · TIBFIN
- Capital increase: amount: 43842.23, currency: EURproposed · TIBYCO CONSULTING & SERVICES
- Share transfer: description: partial_split_assetsproposed · TIBFIN
- Real estate declaration: neeproposed · TIBFIN
- General meeting: target_date: 2025-05-31proposed · TIBFIN
- Publication: 2026-05-04
- Act object: Voorstel met betrekking tot een met splitsing door overneming
Summary:
Merger · Officer appointment · Share distribution · Accounting effect
04-05-2026 Merger · Share distribution · Capital increase · Capital decrease
- Filing: 2026-04-15 · TIBYCO CONSULTING & SERVICES
- Merger: type: partial_split_by_takeover, proposal_date: 2026-04-03proposed · TIBFIN
- Share distribution: total_shares: 37508, exchange_ratio: 1.000 aandelen van de partieel te splitsen vennootschap TIBFIN BV tegen 37.508 aandelen van de overnemende vennootschap TIBYCO CONSULTING & SERVICES BVproposed · TIBYCO CONSULTING & SERVICES
- Capital increase: amount: 43842.23, currency: EUR, description: bijkomende inbrengproposed · TIBYCO CONSULTING & SERVICES
- Capital decrease: amount: 6157.77, currency: EUR, description: dalen naarproposed · TIBFIN
- Accounting effect: 2026-01-01proposed · TIBFIN
- Mandate compensation: reason: toepassing van artikel 12:8 juncto artikel 12:62, §1, laatste lid en artikel 12:65 van het Wetboek van vennootschappen en verenigingenproposed · TIBYCO CONSULTING & SERVICES
- Auditor report: type: inbreng_in_natura, articles: 5:121 en 5:133proposed · TIBYCO CONSULTING & SERVICES
- General meeting: purpose: goedkeuring van het splitsingsvoorstel, target_date: 2025-05-31proposed · TIBFIN
- General meeting: purpose: goedkeuring van het splitsingsvoorstel, target_date: 2025-05-31proposed · TIBYCO CONSULTING & SERVICES
- Officer appointment: bestuurderproposed · Yves tiberghien
- Officer appointment: bestuurderproposed · Yves tiberghien
- Share distribution: dividend_rights_from: 2026-01-01proposed · TIBYCO CONSULTING & SERVICES
- Publication: 2026-05-04
- Act object: Voorstel met betrekking tot een met splitsing door overneming
Summary:
Merger · Share distribution · Capital increase · Capital decrease
2025
09-12-2025 Articles of association amended
Summary:
v3.2
2022
26-08-2022 Capital increase of €1,200,000 to €1,250,000
2021
11-02-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes62
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
8
Solvency
100
Growth
32
Stability
94
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Company registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van terreinen68204Verhuur en exploitatie van terreinen68204
Primary activity highlighted.
Names & trade names
| Legal nameNL | TIBFIN |
Registered office
Kortrijksepoortstraat 138 bus A001
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.