TIBO CONSTRUCT
ActiveSummary
TIBO CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €30k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency74▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.43 in 2024; short-term debt: 49.7% and cash: 3.3% of total assets), but 50.9% of the assets are financed with debt.
Credit check 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
49.1%
Return on assets
19.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▲ 68.0%
2024 · €45k
2019: €82k
2020: €68k▼ -16.7% vs 2019
2021: €58k▼ -14.5% vs 2020
2022: €60k▲ +2.1% vs 2021
2023: €87k▲ +45.7% vs 2022highest in 7 years
2024: €45k▼ -48.6% vs 2023lowest in 7 years
2025: €75k▲ +68.0% vs 2024
2019 → 2025
Total assets
€152k▲ 26.0%
2024 · €121k
2019: €254k
2020: €392k▲ +54.0% vs 2019highest in 7 years
2021: €361k▼ -8.0% vs 2020
2022: €373k▲ +3.3% vs 2021
2023: €141k▼ -62.3% vs 2022
2024: €121k▼ -13.9% vs 2023lowest in 7 years
2025: €152k▲ +26.0% vs 2024
2019 → 2025
Net result
€30k
2024 · €-42k
2019: €8k
2020: €-14k▼ -267% vs 2019
2021: €-10k▲ +28.0% vs 2020
2022: €1k▲ +113% vs 2021
2023: €27k▲ +2076% vs 2022
2024: €-42k▼ -255% vs 2023lowest in 7 years
2025: €30k▲ +172% vs 2024highest in 7 years
2019 → 2025
Working capital
€63k▲ 94.8%
2024 · €33k
2019: €73k
2020: €72k▼ -1.3% vs 2019
2021: €80k▲ +10.4% vs 2020
2022: €73k▼ -8.6% vs 2021
2023: €95k▲ +29.7% vs 2022highest in 7 years
2024: €33k▼ -65.6% vs 2023lowest in 7 years
2025: €63k▲ +94.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€60k▲ 2.1%€87k▲ 45.7%€45k▼ 48.6%€75k▲ 68.0%
2021: €58k
2022: €60k▲ +2.1% vs 2021
2023: €87k▲ +45.7% vs 2022highest in 5 years
2024: €45k▼ -48.6% vs 2023lowest in 5 years
2025: €75k▲ +68.0% vs 2024
Operating result€-2k-€9k€38k▲ 309%€-36k€39k
2021: €-2k
2022: €9k▲ +561% vs 2021
2023: €38k▲ +309% vs 2022
2024: €-36k▼ -196% vs 2023lowest in 5 years
2025: €39k▲ +208% vs 2024highest in 5 years
Net result€-10k-€1k€27k▲ 2,076%€-42k€30k
2021: €-10k
2022: €1k▲ +113% vs 2021
2023: €27k▲ +2076% vs 2022
2024: €-42k▼ -255% vs 2023lowest in 5 years
2025: €30k▲ +172% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €39k after a loss of €36k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€13k ▲ 11.4%
Current assets
€139k ▲ 27.6%
Equity and liabilities €152k
Equity
€75k ▲ 68.0%
Debt
€78k ▲ 1.5%
Debt's share of the balance-sheet total falls from 63.2% to 50.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €-35k
Cash flow
€32k▲
2024 · €-40k
Current ratio
1.84▲
2024 · 1.43
Quick ratio
1.59▲
2024 · 1.18
Debt to equity
1.04▼
2024 · 1.72
ROE
40.5%▲
2024 · -94.7%
ROA
19.9%▲
2024 · -34.8%
Interest coverage
3.97▲
2024 · -4.64
Debt ≤ 1 year
€76k▼
2024 · €77k
Income taxes
€173▼
2024 · €181
Staff costs
€87k▼
2024 · €101k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€121k€152k▲
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27€12k€10k▼
Land and buildings22€4k€4k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28-€4k
Current assets29/58€109k€139k▲
Stocks and contracts in progress3€18k€19k▲
Stocks30/36€18k€19k▲
Amounts receivable within one year40/41€83k€106k▲
Trade receivables40€46k€72k▲
Other amounts receivable41€36k€34k▼
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€178€9k▲
Equity and liabilities
Total equity and liabilities10/49€121k€152k▲
Equity10/15€45k€75k▲
Contributions10/11€16k€16k=
Reserves13€71k€71k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€-42k€-12k▲
Amounts payable17/49€77k€78k▲
Amounts payable within one year42/48€77k€76k▼
Financial debts43€38k€23k▼
Credit institutions430/8€38k€23k▼
Trade debts44€26k€43k▲
Suppliers440/4€26k€43k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€8k€3k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€517-
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A-€20k
Remuneration, social security and pensions62€101k€87k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€73k€130k▲
Operating profit (loss)9901€-36k€39k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€-42k€30k▲
Income taxes67/77€181€173▼
Profit (loss) for the period9904€-42k€30k▲
Profit (loss) for the period to be appropriated9905€-42k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-12k▲
Profit (loss) brought forward from the previous period14P-€-42k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €83 | €115k | - | €20k | - |
| Remuneration, social security and pensions62 | - | €143k | €142k | €101k | €87k | ▼ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €11k | €2k | €2k | €2k | ▲ 30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | - | - | - |
| Other operating charges640/8 | - | €3k | €2k | €7k | €2k | ▼ 78.0% |
| Gross operating margin9900 | €134k | €167k | €186k | €73k | €130k | ▲ 76.9% |
| Operating profit (loss)9901 | €-2k | €9k | €38k | €-36k | €39k | ▲ 208% |
| Financial income75/76B | - | €1k | €5k | €2k | €2k | ▼ 7.2% |
| Recurring financial income75 | €2k | €1k | €5k | €2k | €2k | ▼ 7.2% |
| Financial charges65/66B | - | €9k | €10k | €7k | €10k | ▲ 40.7% |
| Recurring financial charges65 | €9k | €9k | €10k | €7k | €10k | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €-9k | €2k | €33k | €-42k | €30k | ▲ 173% |
| Income taxes67/77 | €374 | €390 | €6k | €181 | €173 | ▼ 4.4% |
| Profit (loss) for the period9904 | €-10k | €1k | €27k | €-42k | €30k | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €1k | €27k | €-42k | €30k | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €361k | €373k | €141k | €121k | €152k | ▲ 26.0% |
| Fixed assets21/28 | €227k | €219k | €2k | €12k | €13k | ▲ 11.4% |
| Tangible fixed assets22/27 | €227k | €219k | €2k | €12k | €10k | ▼ 18.5% |
| Land and buildings22 | - | €215k | - | €4k | €4k | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €1k | ▼ 44.1% |
| Furniture and vehicles24 | - | - | - | €6k | €4k | ▼ 21.4% |
| Financial fixed assets28 | - | - | - | - | €4k | - |
| Current assets29/58 | €134k | €154k | €139k | €109k | €139k | ▲ 27.6% |
| Stocks and contracts in progress3 | €26k | €80k | €23k | €18k | €19k | ▲ 0.5% |
| Stocks30/36 | - | €25k | €19k | €18k | €19k | ▲ 0.5% |
| Contracts in progress37 | - | €55k | €4k | - | - | - |
| Amounts receivable within one year40/41 | €76k | €71k | €108k | €83k | €106k | ▲ 28.9% |
| Trade receivables40 | - | €45k | €76k | €46k | €72k | ▲ 56.0% |
| Other amounts receivable41 | - | €26k | €32k | €36k | €34k | ▼ 5.9% |
| Cash at bank and in hand54/58 | €536 | €508 | €8k | €8k | €5k | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | €3k | €203 | €178 | €9k | ▲ 5,072% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €361k | €373k | €141k | €121k | €152k | ▲ 26.0% |
| Equity10/15 | €58k | €60k | €87k | €45k | €75k | ▲ 68.0% |
| Contributions10/11 | - | €16k | €16k | €16k | €16k | = |
| Reserves13 | €66k | €66k | €71k | €71k | €71k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | - | €46k | €51k | €53k | €53k | = |
| Profit (loss) carried forward14 | €-24k | €-22k | - | €-42k | €-12k | ▲ 71.8% |
| Amounts payable17/49 | €302k | €313k | €54k | €77k | €78k | ▲ 1.5% |
| Amounts payable after more than one year17 | €248k | €232k | - | - | - | - |
| Financial debts170/4 | - | €232k | - | - | - | - |
| Amounts payable within one year42/48 | €54k | €81k | €44k | €77k | €76k | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €16k | - | - | - | - |
| Financial debts43 | - | €26k | €10k | €38k | €23k | ▼ 40.6% |
| Credit institutions430/8 | - | €26k | €10k | €38k | €23k | ▼ 40.6% |
| Trade debts44 | €18k | €33k | €19k | €26k | €43k | ▲ 66.0% |
| Suppliers440/4 | - | €33k | €19k | €26k | €43k | ▲ 66.0% |
| Advances received on contracts in progress46 | - | - | - | - | €5k | - |
| Taxes, remuneration and social security45 | - | €6k | €14k | €12k | €5k | ▼ 59.1% |
| Taxes450/3 | - | €2k | €8k | €8k | €3k | ▼ 63.1% |
| Remuneration and social security454/9 | - | €4k | €6k | €3k | €2k | ▼ 49.3% |
| Other amounts payable47/48 | - | €596 | €852 | €517 | - | - |
| Accrued charges and deferred income492/3 | - | - | €10k | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €1k | €27k | €-42k | €30k | ▲ 172% |
| + Depreciation and write-downs630 | €12k | €11k | €2k | €2k | €2k | ▲ 30.3% |
| Operating cash flow (approximation) | €2k | €13k | €29k | €-40k | €32k | ▲ 180% |
| Investment in fixed assets (approximation) | - | €-3k | €215k | €-12k | €-4k | ▲ 70.4% |
| Change in cash | - | €-28 | €7k | €-20 | €-3k | ▼ 14,040% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2002
Ground area
1,314 m²
Building footprint
215 m²
Volume, LiDAR
696 m³
Parcel 44051B1431/00D000, Flanders · tallest building 12.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zangvogellaan 33, 9041 Gent
since 20022.101.690.387
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B1431/00D000 | Flanders | 1,314 m² | 1 · 215 m² | 12.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 234 EUR awarded · 374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 234 EUR | 234 EUR |
| 2023 | 1 | 0 EUR | 140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
B COLOURS
BE 0892.503.433
Anderlecht · Eq €74,709
STEVE DEJONCKHEERE
BE 0842.088.969
Ieper · Eq €74,699
FENIKS AFWERKINGSBEDRIJF
BE 0599.856.017
Genk · Eq €75,293
PLEISTERWERKEN VAN MECHELEN
BE 0837.901.143
Heist-op-den-Berg · Eq €74,283
OGIBOUW
BE 0720.908.354
Temse · Eq €74,272
Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,524 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
Founded15-02-2002
Fiscal year end30-06
Activities, NACEBEL 2025
43310Plastering work
43990Other specialised construction activities
41001General construction of residential buildings
42219Civil engineering
43130Specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.