TIJARI
ActiveSummary
TIJARI has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,915 and a net result of €136,100. Equity is growing by ~27.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency73▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 2.07 in 2024; short-term debt: 50.6% and cash: 3.8% of total assets), but 52.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
47.8%
Return on assets
26.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 10 filingsDeviation from the deadline
2025
48 d late
2024
61 d late
2023
30 d late
2022
60 d late
2021
3 d early
2020
20 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 17 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€244,915▲ 54.2%
2024 · €158,815
Total assets
€512,601▲ 59.1%
2024 · €322,271
Net result
€136,100▲ 272%
2024 · €36,625
Working capital
€185,758▲ 42.4%
2024 · €130,433
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,603▼ 19.0%€62,217▲ 79.8%€45,140▼ 27.4%€52,790▲ 16.9%€167,070▲ 216%
Net result€22,114▲ 47.3%€45,271▲ 105%€36,026▼ 20.4%€36,625▲ 1.7%€136,100▲ 272%
Equity€73,893▲ 2.9%€101,164▲ 36.9%€122,190▲ 20.8%€158,815▲ 30.0%€244,915▲ 54.2%
Total assets€191,306▲ 44.8%€266,106▲ 39.1%€438,743▲ 64.9%€322,271▼ 26.5%€512,601▲ 59.1%
Debt€117,413▲ 94.6%€164,941▲ 40.5%€316,553▲ 91.9%€163,456▼ 48.4%€267,686▲ 63.8%
Working capital€34,419▼ 29.0%€102,443▲ 198%€114,034▲ 11.3%€130,433▲ 14.4%€185,758▲ 42.4%
Staff (FTE)19.7▲ 163%14.8▼ 24.9%10.6▼ 28.4%5.8▼ 45.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Staff figure corrected
- 2022 Left out: filed figure impossible (13.9). The filed figure means ten times the staff at the balance sheet date, at low staff costs.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 216% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512,601
Fixed assets
€67,719 ▼ 3.3%
Current assets
€444,882 ▲ 76.3%
Equity and liabilities €512,601
Equity
€244,915 ▲ 54.2%
Debt
€267,686 ▲ 63.8%
Debt's share of the balance-sheet total rises from 50.7% to 52.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€175,106▲
2024 · €61,536
Cash flow
€144,136▲
2024 · €45,371
Current ratio
1.72▼
2024 · 2.07
Debt to equity
1.09▲
2024 · 1.03
ROE
55.6%▲
2024 · 23.1%
ROA
26.6%▲
2024 · 11.4%
Interest coverage
27.14▲
2024 · 9.01
Debt ≤ 1 year
€259,124▲
2024 · €121,841
Debt > 1 year
€8,563▼
2024 · €41,615
Income taxes
€29,150▲
2024 · €16,498
Staff costs
€1,768▼
2024 · €45,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €35,979 | €6,000 | €12,810 | ▲ 113% |
| Remuneration, social security and pensions62 | €71,535 | €64,442 | €71,469 | €45,981 | €1,768 | ▼ 96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,640 | €18,472 | €8,616 | €8,746 | €8,036 | ▼ 8.1% |
| Other operating charges640/8 | €9,425 | €8,512 | €6,988 | €6,947 | €2,477 | ▼ 64.3% |
| Gross operating margin9900 | €127,204 | €153,643 | €132,214 | €114,465 | €179,351 | ▲ 56.7% |
| Operating profit (loss)9901 | €34,603 | €62,217 | €45,140 | €52,790 | €167,070 | ▲ 216% |
| Financial income75/76B | €305 | €3,611 | €5,713 | €7,163 | €4,632 | ▼ 35.3% |
| Recurring financial income75 | €305 | €3,611 | €5,713 | €7,163 | €4,632 | ▼ 35.3% |
| Financial charges65/66B | €7,509 | €4,378 | €5,587 | €6,830 | €6,452 | ▼ 5.5% |
| Recurring financial charges65 | €7,509 | €4,378 | €5,587 | €6,830 | €6,452 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | €27,399 | €61,449 | €45,266 | €53,123 | €165,250 | ▲ 211% |
| Income taxes67/77 | €5,284 | €16,178 | €9,240 | €16,498 | €29,150 | ▲ 76.7% |
| Profit (loss) for the period9904 | €22,114 | €45,271 | €36,026 | €36,625 | €136,100 | ▲ 272% |
| Profit (loss) for the period to be appropriated9905 | €22,114 | €45,271 | €36,026 | €36,625 | €136,100 | ▲ 272% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,306 | €266,106 | €438,743 | €322,271 | €512,601 | ▲ 59.1% |
| Fixed assets21/28 | €60,126 | €58,654 | €89,444 | €69,997 | €67,719 | ▼ 3.3% |
| Tangible fixed assets22/27 | €58,506 | €57,034 | €31,274 | €25,527 | €22,749 | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €16,516 | €13,116 | €12,470 | €9,289 | ▼ 25.5% |
| Furniture and vehicles24 | €55,504 | €38,392 | €4,260 | €1,213 | €3,670 | ▲ 203% |
| Other tangible fixed assets26 | €3,002 | €2,126 | €13,898 | €11,844 | €9,790 | ▼ 17.3% |
| Financial fixed assets28 | €1,620 | €1,620 | €58,170 | €44,470 | €44,970 | ▲ 1.1% |
| Current assets29/58 | €131,180 | €207,452 | €349,300 | €252,273 | €444,882 | ▲ 76.3% |
| Amounts receivable after more than one year29 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Other amounts receivable291 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Stocks and contracts in progress3 | €6,500 | €2,500 | €2,500 | €0 | - | - |
| Stocks30/36 | €6,500 | €2,500 | €2,500 | €0 | - | - |
| Amounts receivable within one year40/41 | €36,953 | €31,450 | €183,083 | €90,776 | €276,455 | ▲ 205% |
| Trade receivables40 | €19,273 | €389 | €92,500 | €0 | €35,000 | - |
| Other amounts receivable41 | €17,679 | €31,061 | €90,583 | €90,776 | €241,455 | ▲ 166% |
| Current investments50/53 | €16,046 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €23,681 | €6,502 | €2,717 | €6,497 | €19,427 | ▲ 199% |
| Deferred charges and accrued income490/1 | €48,000 | €42,000 | €36,000 | €30,000 | €24,000 | ▼ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,306 | €266,106 | €438,743 | €322,271 | €512,601 | ▲ 59.1% |
| Equity10/15 | €73,893 | €101,164 | €122,190 | €158,815 | €244,915 | ▲ 54.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €52,860 | €81,860 | €103,000 | €139,500 | €224,500 | ▲ 60.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €51,000 | €80,000 | €103,000 | €139,500 | €224,500 | ▲ 60.9% |
| Profit (loss) carried forward14 | €2,433 | €704 | €590 | €715 | €1,815 | ▲ 154% |
| Amounts payable17/49 | €117,413 | €164,941 | €316,553 | €163,456 | €267,686 | ▲ 63.8% |
| Amounts payable after more than one year17 | €20,652 | €59,933 | €81,287 | €41,615 | €8,563 | ▼ 79.4% |
| Financial debts170/4 | €20,652 | €59,933 | €81,287 | €41,615 | €8,563 | ▼ 79.4% |
| Amounts payable within one year42/48 | €96,761 | €105,009 | €235,266 | €121,841 | €259,124 | ▲ 113% |
| Current portion of amounts payable after more than one year42 | €11,505 | €11,719 | €37,920 | €33,235 | €33,053 | ▼ 0.5% |
| Trade debts44 | €42,554 | €39,491 | €47,193 | €20,128 | €18,644 | ▼ 7.4% |
| Suppliers440/4 | €42,554 | €39,491 | €47,193 | €20,128 | €18,644 | ▼ 7.4% |
| Advances received on contracts in progress46 | - | - | €32,694 | €0 | - | - |
| Taxes, remuneration and social security45 | €22,702 | €35,799 | €19,099 | €49,287 | €82,186 | ▲ 66.8% |
| Taxes450/3 | €15,664 | €26,553 | €13,223 | €49,287 | €82,186 | ▲ 66.8% |
| Remuneration and social security454/9 | €7,038 | €9,245 | €5,876 | €0 | - | - |
| Other amounts payable47/48 | €20,000 | €18,000 | €98,360 | €19,191 | €125,241 | ▲ 553% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,114 | €45,271 | €36,026 | €36,625 | €136,100 | ▲ 272% |
| + Depreciation and write-downs630 | €11,640 | €18,472 | €8,616 | €8,746 | €8,036 | ▼ 8.1% |
| Operating cash flow (approximation) | €33,755 | €63,744 | €44,643 | €45,371 | €144,136 | ▲ 218% |
| Investment in fixed assets (approximation) | - | -€17,000 | -€39,406 | €10,700 | -€5,758 | ▼ 154% |
| Change in cash | - | -€17,179 | -€3,786 | €3,781 | €12,930 | ▲ 242% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
31-12
Financial
Highest result since 2018net €136,100 ▲272%
Operating result €167,070, net result €136,100, both a record.
31-12
Financial
Equity above €200,000Eq €244,915 ▲54.2%
8 profitable years in a row build equity to €244,915.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €150,000Eq €158,815 ▲30%
7 profitable years in a row build equity to €158,815.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Equity above €100,000Eq €101,164 ▲36.9%
5 profitable years in a row build equity to €101,164.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Erpe-Mere · 1 establishment unit since 2023
Ground area
959 m²
Building footprint
382 m²
Volume, LiDAR
1,870 m³
Parcel 41040A0528/00L000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
tijari management
since 20232.352.005.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0528/00L000 | Flanders | 959 m² | 1 · 382 m² | 8.0 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.9%
According to the 2024 annual accounts of TIJARI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501537609
Also
9925:BE0501537609
Registered
02-12-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.