TILBO PROJECTS
ActiveSummary
TILBO PROJECTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €23k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86=
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.91 against 2.67 in 2024; short-term debt: 18.2% and cash: 39% of total assets), and 19.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
80.3%
Return on assets
13.4%
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 05-01-2026, 26 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
26 d early
2024
on the day
2023
28 d early
2022
41 d early
2021
55 d early
2020
35 d early
2019
36 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, abbreviated schema
Equity
€135k▲ 20.1%
2024 · €112k
Total assets
€168k▲ 1.7%
2024 · €165k
Net result
€23k▼ 3.6%
2024 · €23k
Working capital
€120k▲ 35.5%
2024 · €88k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17k▼ 68.5%€47k▲ 171%€25k▼ 45.7%€33k▲ 28.6%€35k▲ 8.0%
Net result€17k▼ 64.8%€37k▲ 122%€14k▼ 62.9%€23k▲ 68.1%€23k▼ 3.6%
Equity€87k▲ 23.9%€75k▼ 14.3%€89k▲ 18.6%€112k▲ 26.3%€135k▲ 20.1%
Total assets€166k▲ 27.2%€124k▼ 25.2%€174k▲ 40.5%€165k▼ 5.3%€168k▲ 1.7%
Debt€78k▲ 31.1%€49k▼ 37.4%€85k▲ 74.0%€53k▼ 38.1%€33k▼ 37.5%
Working capital€71k▲ 39.3%€62k▼ 13.3%€75k▲ 22.0%€88k▲ 17.6%€120k▲ 35.5%
Staff (FTE)2.82.8=2.8=1.3▼ 53.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€18k ▼ 26.3%
Current assets
€150k ▲ 6.4%
Equity and liabilities €168k
Equity
€135k ▲ 20.1%
Debt
€33k ▼ 37.5%
Debt's share of the balance-sheet total falls from 32.0% to 19.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €37k
Cash flow
€29k▲
2024 · €28k
Current ratio
4.91▲
2024 · 2.67
Quick ratio
3.24▲
2024 · 1.74
Debt to equity
0.25▼
2024 · 0.47
ROE
16.7%▼
2024 · 20.8%
ROA
13.4%▼
2024 · 14.2%
Interest coverage
14.81▼
2024 · 17.34
Debt ≤ 1 year
€31k▼
2024 · €53k
Income taxes
€11k▲
2024 · €8k
Staff costs
€49k▼
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | - | €84k | €69k | €71k | €49k | ▼ 32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €4k | €6k | ▲ 44.6% |
| Other operating charges640/8 | - | €558 | €671 | €2k | €1k | ▼ 50.3% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €132k | €135k | €99k | €110k | €91k | ▼ 17.6% |
| Operating profit (loss)9901 | €17k | €47k | €25k | €33k | €35k | ▲ 8.0% |
| Financial income75/76B | - | €1k | €306 | €809 | €1k | ▲ 58.1% |
| Recurring financial income75 | €4k | €1k | €306 | €809 | €1k | ▲ 58.1% |
| Non-recurring financial income76B | - | €1k | - | - | - | - |
| Financial charges65/66B | - | €641 | €6k | €2k | €3k | ▲ 30.6% |
| Recurring financial charges65 | €180 | €641 | €933 | €2k | €3k | ▲ 31.5% |
| Non-recurring financial charges66B | - | - | €5k | €14 | - | - |
| Profit (loss) for the period before taxes9903 | €23k | €47k | €20k | €31k | €34k | ▲ 7.7% |
| Income taxes67/77 | €6k | €10k | €6k | €8k | €11k | ▲ 41.5% |
| Profit (loss) for the period9904 | €17k | €37k | €14k | €23k | €23k | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €17k | €37k | €14k | €23k | €23k | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166k | €124k | €174k | €165k | €168k | ▲ 1.7% |
| Fixed assets21/28 | €16k | €13k | €14k | €24k | €18k | ▼ 26.3% |
| Tangible fixed assets22/27 | €16k | €13k | €14k | €24k | €18k | ▼ 26.3% |
| Land and buildings22 | - | €12k | €10k | €7k | €5k | ▼ 34.3% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €2k | ▼ 33.3% |
| Furniture and vehicles24 | - | €1k | €940 | €14k | €11k | ▼ 21.1% |
| Current assets29/58 | €149k | €111k | €161k | €141k | €150k | ▲ 6.4% |
| Stocks and contracts in progress3 | €18k | - | - | €49k | €51k | ▲ 4.7% |
| Contracts in progress37 | - | - | - | €49k | €51k | ▲ 4.7% |
| Amounts receivable within one year40/41 | €23k | €53k | €29k | €26k | €33k | ▲ 26.9% |
| Trade receivables40 | - | €42k | €17k | €21k | €26k | ▲ 25.1% |
| Other amounts receivable41 | - | €11k | €13k | €6k | €8k | ▲ 33.0% |
| Cash at bank and in hand54/58 | €108k | €58k | €129k | €62k | €65k | ▲ 5.4% |
| Deferred charges and accrued income490/1 | - | - | €2k | €4k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166k | €124k | €174k | €165k | €168k | ▲ 1.7% |
| Equity10/15 | €87k | €75k | €89k | €112k | €135k | ▲ 20.1% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | - | - | - | - | €105k | - |
| Distributable reserves133 | - | - | - | - | €105k | - |
| Profit (loss) carried forward14 | €57k | €45k | €59k | €82k | €0 | ▼ 100% |
| Amounts payable17/49 | €78k | €49k | €85k | €53k | €33k | ▼ 37.5% |
| Amounts payable within one year42/48 | €78k | €49k | €85k | €53k | €31k | ▼ 42.2% |
| Financial debts43 | - | €8k | €8k | €8k | €8k | ▼ 0.1% |
| Credit institutions430/8 | - | €8k | €8k | €8k | €8k | ▼ 0.1% |
| Trade debts44 | €68k | €20k | €74k | €40k | €18k | ▼ 54.4% |
| Suppliers440/4 | - | €20k | €74k | €40k | €18k | ▼ 54.4% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €4k | €3k | ▼ 5.9% |
| Remuneration and social security454/9 | - | €2k | €2k | €4k | €3k | ▼ 5.9% |
| Other amounts payable47/48 | - | €19k | €303 | €728 | €441 | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €37k | €14k | €23k | €23k | ▼ 3.6% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €4k | €6k | ▲ 44.6% |
| Operating cash flow (approximation) | €20k | €41k | €17k | €28k | €29k | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-15k | €0 | ▲ 100% |
| Change in cash | - | €-50k | €72k | €-67k | €3k | ▲ 105% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €100kEq €112k ▲26.3%
6 profitable years in a row build equity to €112k.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €14k ▼62.9%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · 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.
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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, Beringen · 1 establishment unit since 2017
Ground area
678 m²
Building footprint
111 m²
Volume, LiDAR
822 m³
Parcel 71522C0003/00S054, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TILBO PROJECTS
since 20172.265.965.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0003/00S054 | Flanders | 678 m² | 1 · 111 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 2 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 2 ended approvals
Werfbediener (so)
Metselaar (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,799 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
Founded14-06-2017
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.