TIBIA
Open bankruptcyA bankruptcy procedure is open for TIBIA according to publications in the Belgian State Gazette; curator: BORG MOESTERMANS.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €41,476 and a net result of -€49.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 20 June 2024
- Supervising judge
- Peter De Laet
- Official Gazette
- 26-06-2024 (pdf) ↗search the document for 2024/126190
Deadlines
- Provisional date payments stopped
- 20 June 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 July 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 20 July 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 August 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 June 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Borg MoestermansSuikerrui 5, 2000 Antwerpen 1advocaat@borgmoestermans.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 22-09-2023, 39 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2023
39 d early
2021
88 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 64 days before the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Development of residential building projects sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Turnover
€780,374
EBIT margin
6.8%
Net result
-€49
2021 · €36,525
Working capital
-€8,259
2021 · €35,870
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Available amounts per fiscal year
Line20212023
Turnover€780,374-
Operating result€53,322-€10,451-
Net result€36,525within the sector's middle half--€49within the sector's middle half-
EBIT margin6.8%-
Equity€41,525below the sector's middle half-€41,476below the sector's middle half-
Total assets€148,814below the sector's middle half-€296,961below the sector's middle half-
Debt€107,290-€255,485-
Working capital€35,870within the sector's middle half--€8,259within the sector's middle half-
Solvency27.9%within the sector's middle half-14.0%within the sector's middle half-
Current ratio1.42within the sector's middle half-0.97within the sector's middle half-
Return on assets (ROA)24.5%above the sector's middle half-0.0%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €10,451 in 2023, compared with €53,322 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €296,961
Fixed assets
€49,735 ▲ 83.0%
Current assets
€247,226 ▲ 103%
Equity and liabilities €296,961
Equity
€41,476 ▼ 0.1%
Debt
€255,485 ▲ 138%
Debt's share of the balance-sheet total rises from 72.1% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,246▼
2021 · €53,458
Cash flow
€5,746▼
2021 · €36,661
Debt to equity
6.16▲
2021 · 2.58
ROE
-0.1%▼
2021 · 88.0%
Interest coverage
2.17▼
2021 · 13.54
Debt ≤ 1 year
€255,485▲
2021 · €85,763
Income taxes
€3,100▼
2021 · €12,850
Staff costs
€3,992▲
2021 · €371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €780,374 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €725,826 | - | - |
| Remuneration, social security and pensions62 | €371 | €3,992 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137 | €5,795 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - |
| Other operating charges640/8 | €718 | €2,380 | - |
| Operating charges capitalised as restructuring costs649 | €0 | - | - |
| Non-recurring operating charges66A | €0 | - | - |
| Gross operating margin9900 | €54,547 | €22,618 | - |
| Operating profit (loss)9901 | €53,322 | €10,451 | - |
| Financial income75/76B | €1 | €100 | - |
| Recurring financial income75 | €1 | €100 | - |
| Non-recurring financial income76B | €0 | - | - |
| Financial charges65/66B | €3,948 | €7,500 | - |
| Recurring financial charges65 | €3,948 | €7,500 | - |
| Non-recurring financial charges66B | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €49,375 | €3,051 | - |
| Income taxes67/77 | €12,850 | €3,100 | - |
| Profit (loss) for the period9904 | €36,525 | -€49 | - |
| Profit (loss) for the period to be appropriated9905 | €36,525 | -€49 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €148,814 | €296,961 | - |
| Fixed assets21/28 | €27,180 | €49,735 | - |
| Tangible fixed assets22/27 | €5,279 | €27,834 | - |
| Land and buildings22 | - | €4,196 | - |
| Plant, machinery and equipment23 | €5,279 | - | - |
| Furniture and vehicles24 | - | €23,638 | - |
| Financial fixed assets28 | €21,901 | €21,901 | - |
| Current assets29/58 | €121,634 | €247,226 | - |
| Amounts receivable within one year40/41 | €70,587 | €238,431 | - |
| Trade receivables40 | €51,742 | €211,439 | - |
| Other amounts receivable41 | €18,845 | €26,992 | - |
| Cash at bank and in hand54/58 | €51,047 | €8,069 | - |
| Deferred charges and accrued income490/1 | - | €726 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €148,814 | €296,961 | - |
| Equity10/15 | €41,525 | €41,476 | - |
| Contributions10/11 | €5,000 | €5,000 | - |
| Capital10 | €5,000 | - | - |
| Issued capital100 | €10,000 | - | - |
| Uncalled capital101 | €5,000 | - | - |
| Profit (loss) carried forward14 | €36,525 | €36,476 | - |
| Amounts payable17/49 | €107,290 | €255,485 | - |
| Amounts payable within one year42/48 | €85,763 | €255,485 | - |
| Trade debts44 | €69,207 | €244,398 | - |
| Suppliers440/4 | €69,207 | €244,398 | - |
| Taxes, remuneration and social security45 | €14,719 | €11,087 | - |
| Taxes450/3 | €12,050 | €8,800 | - |
| Remuneration and social security454/9 | €2,669 | €2,287 | - |
| Other amounts payable47/48 | €1,838 | - | - |
| Accrued charges and deferred income492/3 | €21,526 | - | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €36,525 | -€49 | - |
| + Depreciation and write-downs630 | €137 | €5,795 | - |
| Operating cash flow (approximation) | €36,661 | €5,746 | - |
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
2024
26-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-06-2024
14-06
KBO administration
Address struck
Congresstraat 35 L’adresse du siège Rue du Congrès 35 1000 Die Sitzadresse Rue du Congrès 35 1000
1000 Brussel is doorgehaald met ingang van Bruxelles · event 03-05-2024
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalNBB filing
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
8 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, Brussel
Ground area
120 m²
Building footprint
89 m²
Volume, LiDAR
1,408 m³
Parcel 21803C0244/00Y000, Brussels · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0244/00Y000 ProtectedSite or landscapeVrijheidsplein en omliggende gebouwen - Onze-Lieve-Vrouw-ter-Sneeuwwijk |
Brussels | 120 m² | 1 · 88 m² | 21.9 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BORG MOESTERMANS SUIKERRUI 5,
2000 ANTWERPEN 1 |
20-06-2024 → present |
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Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 4,865 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
Founded24-09-2020
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.