Tiles@Work
ActiveTiles@Work has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €307k and a net result of €128k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 68% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+21
Solvency84▼-3
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.51 in 2023; short-term debt: 41.3% and cash: 55.8% of total assets), and 41.3% of the assets are financed with debt.
Credit advice 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
Sector 43
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
75 d late
2022
33 d early
2021
74 d late
2020
86 d late
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€307k▲ 21.0%
2023 · €254k
2018: €259k
2019: €264k
2020: €280k
2021: €274k
2022: €329k
2023: €254k
2018 → 2024
Total assets
€523k▲ 27.9%
2023 · €409k
2018: €524k
2019: €463k
2020: €659k
2021: €633k
2022: €578k
2023: €409k
2018 → 2024
Net result
€128k▲ 326%
2023 · €30k
2018: €31k
2019: €5k
2020: €66k
2021: €44k
2022: €85k
2023: €30k
2018 → 2024
Working capital
€293k▲ 25.3%
2023 · €234k
2018: €250k
2019: €259k
2020: €274k
2021: €262k
2022: €310k
2023: €234k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€280k-€274k▼ 2.2%€329k▲ 20.0%€254k▼ 22.8%€307k▲ 21.0%
Operating result€79k-€67k▼ 15.1%€113k▲ 69.7%€50k▼ 55.6%€164k▲ 227%
Net result€66k-€44k▼ 33.7%€85k▲ 93.7%€30k▼ 64.6%€128k▲ 326%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 227% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €523k
Fixed assets
€14k▼ 29.9%
Current assets
€509k▲ 30.8%
Equity and liabilities €523k
Equity
€307k▲ 21.0%
Debt
€216k▲ 39.2%
The debt ratio rises from 37.9% to 41.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174k▲
2023 · €59k
Cash flow
€138k▲
2023 · €39k
Solvency
58.7%▼
2023 · 62.1%
Current ratio
2.36▼
2023 · 2.51
Quick ratio
2.27▼
2023 · 2.38
Debt / equity
0.70▲
2023 · 0.61
ROE
41.8%▲
2023 · 11.8%
ROA
24.5%▲
2023 · 7.4%
Interest coverage
21.05▲
2023 · 17.29
Debt
€216k▲
2023 · €155k
Debt ≤ 1 year
€216k▲
2023 · €155k
Income taxes
€29k▲
2023 · €17k
Staff costs
€47k▲
2023 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€409k€523k▲
Fixed assets21/28€20k€14k▼
Tangible fixed assets22/27€19k€13k▼
Plant, machinery and equipment23€839€569▼
Furniture and vehicles24€6k€8k▲
Leasing and similar rights25€9k-
Other tangible fixed assets26€3k€4k▲
Financial fixed assets28€1k€1k=
Current assets29/58€389k€509k▲
Stocks and contracts in progress3€20k€20k=
Stocks30/36€3k€3k=
Contracts in progress37€17k€17k=
Amounts receivable within one year40/41€159k€197k▲
Trade receivables40€100k€111k▲
Other amounts receivable41€59k€86k▲
Cash at bank and in hand54/58€210k€291k▲
Deferred charges and accrued income490/1€214€704▲
Equity and liabilities
Total equity and liabilities10/49€409k€523k▲
Equity10/15€254k€307k▲
Contributions10/11€19k€19k=
Reserves13€226k€288k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€71k€71k=
Distributable reserves133€153k€215k▲
Profit (loss) carried forward14€9k-
Amounts payable17/49€155k€216k▲
Amounts payable within one year42/48€155k€216k▲
Current portion of amounts payable after more than one year42€6k€1k▼
Financial debts43€15k-
Other loans439€15k-
Trade debts44€127k€129k▲
Suppliers440/4€127k€129k▲
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€9k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48-€75k
Income statement
Code20232024
Remuneration, social security and pensions62€44k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€29k
Other operating charges640/8€5k€3k▼
Gross operating margin9900€107k€253k▲
Operating profit (loss)9901€50k€164k▲
Financial income75/76B€55€566▲
Recurring financial income75€55€566▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€47k€157k▲
Income taxes67/77€17k€29k▲
Profit (loss) for the period9904€30k€128k▲
Profit (loss) for the period to be appropriated9905€30k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€137k▲
Profit (loss) brought forward from the previous period14P€9k€9k=
Transfer from equity791/2€105k-
Transfer to equity691/2€30k€62k▲
To other reserves6921€30k€62k▲
Profit to be distributed694/7€105k€75k▼
Return on contributions (dividend)694€105k-
Directors or managers695-€75k
Social balance
Average headcount (FTE)90870.9-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €128k ▲326%
Operating result €164k, net result €128k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 74 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
31-12
Financial
Weakest financial yearnet €5k ▼84.9%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 91 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Geetbets · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Overbeekstraat 563450 GeetbetsGround area
967 m²
Building footprint
157 m²
Volume, LiDAR
949 m³
Parcel 24028D0261/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tiles@Work
since 20012.100.407.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24028D0261/00G000 | Flanders | 967 m² | 1 · 157 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Vloeren en Tegels HeCa
BE 0849.684.960
Heist-op-den-Berg · Eq €308k
DEMEY
BE 0450.861.344
Sint-Lievens-Houtem · Eq €309k
WILLIAM PARKER
BE 0875.698.182
Kraainem · Eq €309k
CLAIRE TONDELEIR
BE 0460.554.416
Antwerpen · Eq €304k
W.L. Carrelages Waleckx Laurent
BE 0451.729.988
Pecq · Eq €310k
Of 3,962 companies in sector 43331 we hold annual accounts for 1,791. 1,259 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2001
Fiscal year end31-12
Activities, NACEBEL
43331Floor and wall tiling
72220
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.