TIBFIN
ActiveSummary
TIBFIN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03M and a net result of €34k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 51% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-1
Solvency57▼-42
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 3.8 in 2024; short-term debt: 67.8% and cash: 0% of total assets), and 67.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
32.2%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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.
NBB · 5 filingsDeviation from the deadline
2025
39 d late
2024
60 d late
2023
28 d late
2022
42 d late
2021
43 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.03M▲ 1.7%
2024 · €2.00M
2021: €2.04M
2022: €2.04M
2023: €1.97M
2024: €2.00M
2021 → 2025
Total assets
€6.30M▲ 133%
2024 · €2.71M
2021: €2.06M
2022: €2.38M
2023: €2.50M
2024: €2.71M
2021 → 2025
Net result
€34k▲ 12.9%
2024 · €30k
2021: €49k
2022: €27k
2023: €34k
2024: €30k
2021 → 2025
Working capital
€1.43M▼ 28.4%
2024 · €2.00M
2021: €2.04M
2022: €2.04M
2023: €1.97M
2024: €2.00M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.04M-€2.04M▲ 0.1%€1.97M▼ 3.8%€2.00M▲ 1.5%€2.03M▲ 1.7%
Operating result€-9k-€-13k▼ 46.3%€-9k▲ 29.7%€-11k▼ 26.8%€-7k▲ 37.2%
Net result€49k-€27k▼ 44.5%€34k▲ 25.6%€30k▼ 12.0%€34k▲ 12.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.30M
Fixed assets
€600k
Current assets
€5.70M
Equity and liabilities €6.30M
Equity
€2.03M ▲ 1.7%
Debt
€4.27M ▲ 501%
Debt's share of the balance-sheet total rises from 26.3% to 67.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.33▼
2024 · 3.80
Debt to equity
2.11▲
2024 · 0.36
ROE
1.7%▲
2024 · 1.5%
ROA
0.5%▼
2024 · 1.1%
Debt ≤ 1 year
€4.27M▲
2024 · €712k
Income taxes
€13k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.71M€6.30M▲
Fixed assets21/28-€600k
Financial fixed assets28-€600k
Current assets29/58€2.71M€5.70M▲
Amounts receivable within one year40/41€2.71M€5.70M▲
Trade receivables40-€7k
Other amounts receivable41€2.71M€5.70M▲
Cash at bank and in hand54/58€182€863▲
Equity and liabilities
Total equity and liabilities10/49€2.71M€6.30M▲
Equity10/15€2.00M€2.03M▲
Contributions10/11€1.25M€1.25M=
Profit (loss) carried forward14€746k€780k▲
Amounts payable17/49€712k€4.27M▲
Amounts payable within one year42/48€712k€4.27M▲
Trade debts44€11k€11k▲
Suppliers440/4€11k€11k▲
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Other amounts payable47/48€701k€4.25M▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-10k€-6k▲
Operating profit (loss)9901€-11k€-7k▲
Financial income75/76B€71k€80k▲
Recurring financial income75€71k€80k▲
Financial charges65/66B€18k€26k▲
Recurring financial charges65€18k€26k▲
Profit (loss) for the period before taxes9903€42k€47k▲
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€30k€34k▲
Profit (loss) for the period to be appropriated9905€30k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€746k€780k▲
Profit (loss) brought forward from the previous period14P€716k€746k▲
The notes to these accounts (4 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
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
31-08
State Gazette act
Capital & shares · Resignations & appointments · RestructuringReappointment: Yves tiberghien (statutory director) · Appointment: Kendall Yves tiberghien (director) · Resignation: Yves tiberghien (director)14 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring
Reappointment: Yves tiberghien (statutory director) · Appointment: Kendall Yves tiberghien (director) · Resignation: Yves tiberghien (director)14 facts ▸
- General meeting, 13-08-2026
- General meeting, 13-08-2026
- Demerger, partiële splitsing door overname, EUR
- Share issue, 37508, vergoeding voor inbreng in natura
- Reserve release, incorporatie van overgedragen winst, EUR
- Reserve release, incorporatie van overgedragen winst, EUR
- Director reappointment, Yves tiberghien (statutory director)
- Director appointment, Kendall Yves tiberghien (director)
- Director resignation, Yves tiberghien (director)
- Director reappointment, Yves tiberghien (statutory director)
- Director appointment, Kendall Yves tiberghien (director)
- Statutes amendment
- +2 further facts in this act
2025
31-12
Financial
Equity above €2MEq €2.03M ▲1.7%
5 profitable years in a row build equity to €2.03M.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
31-12
Financial
Weakest financial yearnet €27k ▼44.5%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 43 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Kendall Yves tiberghien
CurrentDirector · since 13-08-2026
Yves tiberghien
CurrentStatutory director
13-08-2026
Kendall Yves tiberghien: Appointed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
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.
Kortrijksepoortstraat 1389000 GentGround area
1,157 m²
Building footprint
179 m²
Volume, LiDAR
1,458 m³
Parcel 44805E1011/00G000, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO RES DEVELOPMENT
since 20212.317.881.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1011/00G000 | Flanders | 1,157 m² | 1 · 179 m² | 17.6 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.
Structure & network
Acquisitions and mergers
1 transactionDemerger with:TIBYCO Consulting & Services
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VERSA
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KAVEL 78
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REST ISLAND
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La Hulpe · Eq €2,023,672
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 2,965 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.