TIBO CONSTRUCT

Active Private limited companyfounded 2002active for 24 yearsZangvogellaan 33, 9041 GhentKBO/BCE: BE 0476.910.495

TIBO CONSTRUCT

Financial year 2025

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Annual accounts 2025

micro format, filed on 30-01-2026, 1 day before the deadline

€129,952

▲ 76.9%

€39,335

▲ €75,597

€30,280

▲ €72,450

€63,420

▲ 94.8%

49.1%

▲ 12.3 percentage points

1.84

▲ 0.41

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €440,000. Estimated: probably between €300,000 and €650,000.

Balance sheet

balance sheet total €152,498 on 30-06-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

49.1%

Higher than 52% of 37,177 companies in 2025.

1.84

Higher than 51% of 36,472 companies in 2025.

19.9%

Higher than 77% of 36,707 companies in 2025.

TIBO CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€57,872

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, nobody joined and 1 person left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	152,498	121,037	140,594	372,624	360,577	391,793	254,470	120,406	97,283	127,493	136,721	159,043	161,112	126,771	135,838	80,545	84,643	100,421	115,664
`21/28`	13,325	11,958	1,548	218,524	226,889	238,869	156,525	16,450	24,623	27,533	7,758	13,569	17,781	23,446	24,870	10,484	17,579	25,440	36,529
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	742	2,226	3,710	5,193	6,677
`22/27`	9,746	11,958	1,548	218,524	226,889	238,869	156,525	16,450	24,623	27,533	7,758	13,569	17,627	23,293	23,975	8,105	13,716	20,093	28,948
`22`	4,193	4,324	-	215,397	224,795	234,193	146,097	-	-	-	-	-	-	-	-	-	-	-	-
`23`	1,094	1,959	1,548	3,127	2,094	4,677	5,628	6,850	9,992	7,871	7,065	7,274	6,885	7,180	2,491	2,923	3,313	4,469	4,310
`24`	4,459	5,675	-	-	-	-	4,800	9,600	14,631	19,662	693	6,295	10,742	16,113	21,484	5,181	10,403	15,624	24,638
`28`	3,579	-	-	-	-	-	-	-	-	-	-	-	154	154	154	154	154	154	904
`29/58`	139,173	109,080	139,046	154,099	133,688	152,923	97,945	103,956	72,660	99,960	128,963	145,473	143,332	103,324	110,968	70,061	67,064	74,981	79,136
`3`	18,580	18,485	23,369	79,684	53,008	95,298	40,809	31,196	40,122	31,360	24,865	42,617	11,455	13,125	28,718	15,544	25,840	30,294	46,926
`30/36`	18,580	18,485	19,369	24,684	25,922	23,813	24,609	24,946	26,122	14,360	9,365	7,645	7,155	8,125	10,718	10,183	10,625	4,000	1,500
`37`	-	-	4,000	55,000	27,086	71,485	16,200	6,250	14,000	17,000	15,500	34,972	4,300	5,000	18,000	5,362	15,215	26,294	45,426
`40/41`	106,329	82,511	107,549	70,976	75,563	49,965	26,398	71,182	24,737	62,187	89,012	92,237	123,422	72,506	66,451	49,166	35,262	35,253	27,225
`40`	72,287	46,332	75,763	44,993	46,527	34,306	12,917	64,550	21,153	55,279	82,179	83,622	119,348	62,231	60,599	43,341	30,218	33,690	22,004
`41`	34,042	36,179	31,786	25,983	29,036	15,659	13,482	6,632	3,583	6,908	6,833	8,615	4,074	10,274	5,851	5,826	5,044	1,563	5,222
`54/58`	5,045	7,905	7,925	508	536	4,638	28,437	1,578	6,209	4,823	13,308	9,341	6,123	14,662	11,144	3,167	4,202	7,542	1,743
`490/1`	9,219	178	203	2,931	4,582	3,022	2,301	-	1,593	1,590	1,778	1,279	2,332	3,031	4,655	2,183	1,760	1,891	3,241
Balance sheet: equity and liabilities
`10/49`	152,498	121,037	140,594	372,624	360,577	391,793	254,470	120,406	97,283	127,493	136,721	159,043	161,112	126,771	135,838	80,545	84,643	100,421	115,664
`10/15`	74,801	44,521	86,690	59,515	58,266	68,118	81,804	73,622	55,145	65,068	87,933	90,014	78,475	64,454	45,520	43,600	32,325	48,582	47,326
`10/11`	15,501	15,501	15,501	15,501	15,501	-	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501	15,501
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099	3,099
`11`	-	-	-	-	-	15,501	-	-	-	-	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	15,501	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	71,189	71,189	71,189	66,302	66,302	66,302	66,302	58,120	43,096	49,567	72,432	74,513	62,974	48,953	33,000	33,000	33,000	33,000	31,900
`130/1`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336	18,336
`133`	52,853	52,853	50,993	46,106	46,106	46,106	46,106	37,924	22,900	29,370	52,236	54,317	42,777	28,756	12,804	12,804	12,804	12,804	11,704
`14`	-11,889	-42,169	-	-22,288	-23,537	-13,685	-	-	-3,453	-	-	-	-	-	-2,981	-4,901	-16,176	81	-75
`17/49`	77,696	76,516	53,903	313,108	302,310	323,674	172,666	46,785	42,138	62,425	48,788	69,028	82,638	62,317	90,318	36,944	52,318	51,839	68,338
`17`	-	-	-	231,993	248,482	241,865	146,029	6,001	10,679	15,250	-	2,488	10,600	19,080	20,399	4,333	10,110	15,888	24,774
`170/4`	-	-	-	231,993	248,482	241,865	146,029	6,001	10,679	15,250	-	2,488	10,600	19,080	20,399	4,333	10,110	15,888	24,774
`42/48`	75,753	76,516	44,385	81,115	53,822	80,581	24,644	40,784	31,460	47,176	48,788	66,540	72,038	43,237	69,919	32,611	42,208	35,951	43,564
`42`	-	-	-	16,489	16,089	6,818	4,787	4,678	4,571	4,467	2,488	8,112	8,481	8,417	10,304	5,777	5,777	8,886	10,790
`43`	22,785	38,329	9,979	25,812	15,896	42,803	-	6,429	-	22,702	-	2,670	8,048	-	21,647	5,323	12,132	-	7,860
`430/8`	22,785	38,329	9,979	25,812	15,896	42,803	-	6,429	-	22,702	-	2,670	8,048	-	21,647	5,323	12,132	-	7,860
`44`	42,854	25,820	19,227	32,681	17,730	25,657	15,970	20,023	24,017	17,420	34,982	38,736	42,311	28,126	34,888	17,857	19,638	16,955	15,187
`440/4`	42,854	25,820	19,227	32,681	17,730	25,657	15,970	20,023	24,017	17,420	34,982	38,736	42,311	28,126	34,888	17,857	19,638	16,955	15,187
`46`	5,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`45`	4,850	11,850	14,327	5,537	3,716	5,303	3,887	9,654	2,872	2,587	6,398	7,303	8,198	6,693	3,080	3,654	4,661	10,110	9,525
`450/3`	3,107	8,411	7,947	2,029	1,869	1,704	2,033	8,330	807	347	4,181	5,669	6,205	5,186	1,245	988	258	4,913	4,079
`454/9`	1,742	3,440	6,380	3,508	1,846	3,599	1,855	1,324	2,065	2,240	2,217	1,634	1,994	1,507	1,836	2,666	4,402	5,196	5,446
`47/48`	-	517	852	596	390	-	-	-	-	-	4,920	9,720	5,000	-	-	-	-	-	202
`492/3`	1,943	-	9,518	-	7	1,228	1,993	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
`76A`	19,520	-	114,603	83	-	-	-	-	-	-	-	-	300	-	-	-	-	-	-
`9900`	129,952	73,463	186,390	167,261	134,105	128,066	82,091	80,792	44,310	38,667	51,151	76,848	68,599	70,685	58,174	56,329	59,364	93,966	91,876
`62`	86,808	100,762	141,588	143,428	120,857	113,300	48,413	46,568	40,323	48,421	32,059	39,743	32,314	31,097	39,751	31,553	63,196	74,889	73,131
`630`	2,212	1,697	1,580	11,434	11,980	18,092	19,574	9,325	9,115	8,865	10,157	11,630	10,010	9,659	13,471	8,696	8,795	13,382	14,143
`631/4`	-	-	2,864	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	1,598	7,266	2,481	3,131	3,277	1,555	3,384	1,813	971	1,749	4,244	1,147	1,065	2,425	562	1,153	890	1,428	2,491
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,642	-	-	-	-	795
`9901`	39,335	-36,262	37,877	9,267	-2,009	-4,882	10,721	23,085	-6,099	-20,368	4,691	24,328	25,210	27,503	4,390	14,928	-13,517	4,267	2,111
`75/76B`	1,595	1,719	5,289	1,403	1,746	2,256	713	559	-	207	39	125	407	510	507	241	284	138	174
`75`	1,595	1,719	5,289	1,403	1,746	2,256	713	559	-	207	39	125	407	510	507	241	284	138	174
`65/66B`	10,477	7,445	10,317	9,032	9,215	10,663	2,352	3,716	2,785	1,454	1,619	1,087	2,044	3,549	2,977	3,893	3,023	3,149	1,638
`65`	10,477	7,445	10,317	9,032	9,215	10,663	2,352	3,716	2,785	1,454	1,619	1,087	2,044	3,549	2,977	3,893	3,023	3,149	1,638
`9903`	30,454	-41,988	32,849	1,639	-9,477	-13,288	9,081	19,927	-8,883	-21,615	3,111	23,366	23,873	22,823	1,919	11,275	-16,257	1,256	-148
`67/77`	173	181	5,674	390	374	397	899	1,450	1,040	1,250	925	3,827	4,852	3,889	-	-	-	-	-0
`9904`	30,280	-42,169	27,175	1,249	-9,852	-13,685	8,182	18,477	-9,923	-22,865	2,186	19,540	19,021	18,934	1,919	11,275	-16,257	1,256	-148
`9905`	30,280	-42,169	27,175	1,249	-9,852	-13,685	8,182	18,477	-9,923	-22,865	2,186	19,540	19,021	18,934	1,919	11,275	-16,257	1,256	-148
Appropriation of the result
`9906`	-11,889	-42,169	4,887	-22,288	-23,537	-13,685	8,182	15,024	-9,923	-22,865	2,186	19,540	19,021	15,953	-2,981	-4,901	-16,176	1,181	-75
`14P`	-42,169	-	-22,288	-23,537	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	6,470	22,865	2,081	-	-	-	-	-	-	-	-
`691/2`	-	-	4,887	-	-	-	8,182	15,024	-	-	-	11,540	14,021	15,953	-	-	-	1,100	-
`6921`	-	-	4,887	-	-	-	8,182	15,024	-	-	-	11,540	14,021	15,953	-	-	-	1,100	-
`694/7`	-	-	-	-	-	-	-	-	-	-	4,267	8,000	5,000	-	-	-	-	-	-
`694`	-	-	-	-	-	-	-	-	-	-	4,267	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	8,000	5,000	-	-	-	-	-	-
Social balance sheet
`9087`	1.5	2.3	3	3.3	2.7	3	2	1.2	1	1	1	1.3	2	2	2	2	2	2	2
Hours worked`1013`	2,180	2,304	3,344	4,028	3,866	4,196	1,752	1,608	1,376	1,624	1,128	1,376	600	1,304	1,208	1,088	2,400	2,848	2,960
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	30-01-2026	2026-00029511	PDF
30-06-2024	micro format	31-01-2025	2025-00028249	PDF
30-06-2023	micro format	31-01-2024	2024-00016364	PDF
30-06-2022	micro format	31-01-2023	2023-00013340	PDF
30-06-2021	micro format	31-01-2022	2022-04000597	PDF
30-06-2020	micro format	01-02-2021	2021-04900180	PDF
30-06-2019	micro format	15-01-2020	2020-01400200	PDF
30-06-2018	micro format	27-12-2018	2018-75800334	PDF
30-06-2017	micro format	15-01-2018	2018-01500008	PDF
30-06-2016	abbreviated format	16-01-2017	2017-01600388	PDF
30-06-2015	abbreviated format	15-01-2016	2016-01900184	PDF
30-06-2014	abbreviated format	15-01-2015	2015-01600136	PDF
30-06-2013	abbreviated format	14-02-2014	2014-03800081	PDF
30-06-2012	abbreviated format	15-02-2013	2013-03800471	PDF
30-06-2011	abbreviated format	27-02-2012	2012-04500395	PDF
30-06-2010	abbreviated format	15-02-2011	2011-03800522	PDF
30-06-2009	abbreviated format	12-02-2010	2010-04700206	PDF
30-06-2008	abbreviated format	16-12-2009	2009-89300051	PDF
30-06-2007	abbreviated format	29-01-2008	2008-02500239	PDF
30-06-2006	abbreviated format	22-03-2007	2007-08202494	PDF
30-06-2005	abbreviated format	17-11-2005	2005-86304237	PDF
30-06-2004	abbreviated format	25-11-2004	2004-81005361	PDF
30-06-2003	abbreviated format	17-11-2003	2003-79403040	PDF

Subsidies and aid

Flemish government 2023 to 2025, 2 entries, €234 awarded, €374 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€234

Year	Entries	Awarded	Paid
2025	1	€234	€234
2023	1	€0	€140

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
41,547	-34,565	39,457	20,702	9,971	13,211	30,295	32,410	3,016	-11,503	14,848	35,958	35,220	37,163	17,861	23,623	-4,722	17,649	16,254
32,492	-40,472	28,755	12,683	2,128	4,407	27,756	27,802	-809	-14,001	12,342	31,170	29,031	28,593	15,390	19,971	-7,462	14,638	13,995
3,579	12,107	-215,397	3,070	0	100,437	159,649	1,153	6,204	28,639	4,346	7,572	4,345	8,235	27,857	1,600	934	3,044	28,518
-2,861	-20	7,418	-28	-4,102	-23,799	26,859	-4,631	1,386	-8,485	3,967	3,218	-8,539	3,518	7,977	-1,035	-3,340	5,799	-
63,420	32,563	94,661	72,984	79,866	72,342	73,301	63,172	41,200	52,785	80,175	78,933	71,294	60,088	41,049	37,450	24,857	39,030	35,572
49.1%	36.8%	61.7%	16.0%	16.2%	17.4%	32.1%	61.1%	56.7%	51.0%	64.3%	56.6%	48.7%	50.8%	33.5%	54.1%	38.2%	48.4%	40.9%
1.84	1.43	3.13	1.90	2.48	1.90	3.97	2.55	2.31	2.12	2.64	2.19	1.99	2.39	1.59	2.15	1.59	2.09	1.82
1.59	1.18	2.61	0.92	1.50	0.72	2.32	1.78	1.03	1.45	2.13	1.55	1.83	2.09	1.18	1.67	0.98	1.24	0.74
1.04	1.72	0.62	5.26	5.19	4.75	2.11	0.64	0.76	0.96	0.55	0.77	1.05	0.97	1.98	0.85	1.62	1.07	1.44
40.5%	-94.7%	31.3%	2.1%	-16.9%	-20.1%	10.0%	25.1%	-18.0%	-35.1%	2.5%	21.7%	24.2%	29.4%	4.2%	25.9%	-50.3%	2.6%	-0.3%
19.9%	-34.8%	19.3%	0.3%	-2.7%	-3.5%	3.2%	15.3%	-10.2%	-17.9%	1.6%	12.3%	11.8%	14.9%	1.4%	14.0%	-19.2%	1.3%	-0.1%
3.97	-4.64	3.82	2.29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	1	2	2	3
full-time	-	1	2	3
part-time	1	1	-	-
in full-time equivalents	0.8	1.8	2	3
	1.5	2.3	3	3.3
On a permanent contract	1	2	2	3
Joined	0	-	0	1
Left	1	-	1	1

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	€12,107	-	€3,070
Financial fixed assets	€3,579	-	-	-
	€2,212	€1,697	€1,580	€11,434

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on TIBO CONSTRUCT

The operating result for 2025 is a profit of €39,335, after a loss of €36,262 in 2024. It is the highest result since 2007.

Debt's share of the balance-sheet total falls from 63.2% to 50.9%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency49.1%

Current ratio1.84

Return on assets19.9%

Staff

Staff cost per FTE€57,872

Joined and left-1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 2 entries, €234 awarded, €374 paid

Key figures and ratios

Social balance sheet

Investments

Insights on TIBO CONSTRUCT

Next steps

in euro

in euro

49.1%

1.84

19.9%

€57,872

-1 person