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TINY HOUSE PROJECTS

Active
Private limited companyfounded 2023active for 3 yearsEdingseweg(Via) 440, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0800.680.065
Summary

TINY HOUSE PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,918 and a net result of €5,347. Its solvency ranks better than 40% of 1,588 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Accommodation
NACE 55300
5th largest company by total assets in Geraardsbergen, Accommodation and food service sector1 site
Size
€786,211total assets 2025
Equity
€65,918
Profit
€5,347
Turnover not published (micro format)
Financial health
81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
  • Clijsters NathalieDirector
2025 accounts 20 days early3 of 4 deeds summarised
Why 81raises riskFounded in 2023Equity €65,918 (8.4% of total assets)lowers riskSize: total assets €786,211Figures for financial year 2025 (filed 11-07-2026)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 55, micro)
Financial strength · tick = 2024
Weak
Solvency 33+1
equity 8.4% of total assets
Liquidity 39+1
short-term debt 30.8% · cash 1.9%
Profitability 49+10
return on assets 0.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,515 companies, NACE 55, micro)
Last 24 months 11-2024: 2.6% 12-2024: 2.7%▲ +0.1 percentage points vs 11-2024 01-2025: 2.6%▼ -0.1 percentage points vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.8%▲ +0.2 percentage points vs 02-2025 04-2025: 2.9%▲ +0.1 percentage points vs 03-2025 05-2025: 2.9%● unchanged vs 04-2025highest value 06-2025: 2.9%● unchanged vs 05-2025highest value 07-2025: 0.7%▼ -2.2 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.6%▼ -0.1 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.6%● unchanged vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.15, compared with 0.21 in 2024, below 1; short-term debt: 30.8% and cash: 1.9% of total assets), and 91.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 38% on solvency, 36% on liquidity, 39% on profitability and 64% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €786,211
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 11-07-2026)
NBB · annual accounts
raises risk · Equity €65,918 (8.4% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-07-2026, 20 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
20 days early
2024
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 28 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Resignations: Clijsters Nathalle (director) and Bruneel…Gazette deed

Financials · financial year 2025, micro format

Equity
€65,918▲ 8.8%
2024 · €60,571
Total assets
€786,211▼ 10.1%
2024 · €874,911
Net result
€5,347▲ 837%
2024 · €571
Working capital
-€205,851▲ 7.0%
2024 · -€221,418
Trend over the years

2024 to 2025, 2 financial years

The operating result falls in 2025; 2025 is 16% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€31,237 2025 Net result€5,347 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€37,289-€31,237▼ 16.2%
Net result€571within the sector's middle half-€5,347within the sector's middle half▲ 837%
Equity€60,571within the sector's middle half-€65,918within the sector's middle half▲ 8.8%
Total assets€874,911within the sector's middle half-€786,211within the sector's middle half▼ 10.1%
Debt€814,341-€720,294▼ 11.5%
Working capital-€221,418below the sector's middle half--€205,851below the sector's middle half▲ 7.0%
Solvency6.9%within the sector's middle half-8.4%within the sector's middle half▲ 1.5pp
Current ratio0.21within the sector's middle half-0.15below the sector's middle half▼ 0.06
Return on assets (ROA)0.1%within the sector's middle half-0.7%within the sector's middle half▲ 0.6pp
above within below the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786,211
Fixed assets €750,023 ▼ 7.9%
Current assets €36,188 ▼ 40.0%
Equity and liabilities €786,211
Equity €65,918 ▲ 8.8%
Debt €720,294 ▼ 11.5%
Debt's share of the balance-sheet total falls from 93.1% to 91.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€86,938▼
2024 · €87,112
Cash flow
€61,048▲
2024 · €50,394
Debt to equity
10.93▼
2024 · 13.44
ROE
8.1%▲
2024 · 0.9%
Interest coverage
3.56▲
2024 · 2.42
Debt ≤ 1 year
€242,039▼
2024 · €281,707
Debt > 1 year
€473,026▼
2024 · €527,401
Income taxes
€1,533▲
2024 · €795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.8% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
95.8% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 1,514 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€874,911€786,211▼
Fixed assets21/28€814,623€750,023▼
Tangible fixed assets22/27€814,623€750,023▼
Land and buildings22€683,121€646,366▼
Plant, machinery and equipment23€70,747€71,068▲
Furniture and vehicles24€60,754€32,589▼
Current assets29/58€60,288€36,188▼
Amounts receivable within one year40/41€47,453€19,155▼
Trade receivables40€29,566€5,052▼
Other amounts receivable41€17,888€14,103▼
Cash at bank and in hand54/58€11,562€14,758▲
Deferred charges and accrued income490/1€1,273€2,275▲
Equity and liabilities
Total equity and liabilities10/49€874,911€786,211▼
Equity10/15€60,571€65,918▲
Contributions10/11€60,000€60,000=
Profit (loss) carried forward14€571€5,918▲
Amounts payable17/49€814,341€720,294▼
Amounts payable after more than one year17€527,401€473,026▼
Financial debts170/4€527,401€473,026▼
Amounts payable within one year42/48€281,707€242,039▼
Current portion of amounts payable after more than one year42€52,079€54,375▲
Trade debts44€66,314€40,501▼
Suppliers440/4€66,314€40,501▼
Taxes, remuneration and social security45€786€2,300▲
Taxes450/3€786€2,300▲
Other amounts payable47/48€162,528€144,864▼
Accrued charges and deferred income492/3€5,233€5,229▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49,824€55,701▲
Other operating charges640/8€1,597€721▼
Gross operating margin9900€88,709€87,659▼
Operating profit (loss)9901€37,289€31,237▼
Financial income75/76B€117€73▼
Recurring financial income75€117€73▼
Financial charges65/66B€36,040€24,429▼
Recurring financial charges65€36,040€24,429▼
Profit (loss) for the period before taxes9903€1,366€6,880▲
Income taxes67/77€795€1,533▲
Profit (loss) for the period9904€571€5,347▲
Profit (loss) for the period to be appropriated9905€571€5,347▲
Appropriation of the result
Profit (loss) to be appropriated9906€571€5,918▲
Profit (loss) brought forward from the previous period14P-€571

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49,824€55,701▲ 11.8%
Other operating charges640/8€1,597€721▼ 54.9%
Gross operating margin9900€88,709€87,659▼ 1.2%
Operating profit (loss)9901€37,289€31,237▼ 16.2%
Financial income75/76B€117€73▼ 37.8%
Recurring financial income75€117€73▼ 37.8%
Financial charges65/66B€36,040€24,429▼ 32.2%
Recurring financial charges65€36,040€24,429▼ 32.2%
Profit (loss) for the period before taxes9903€1,366€6,880▲ 404%
Income taxes67/77€795€1,533▲ 92.8%
Profit (loss) for the period9904€571€5,347▲ 837%
Profit (loss) for the period to be appropriated9905€571€5,347▲ 837%
Line20242025Change
Assets
Total assets20/58€874,911€786,211▼ 10.1%
Fixed assets21/28€814,623€750,023▼ 7.9%
Tangible fixed assets22/27€814,623€750,023▼ 7.9%
Land and buildings22€683,121€646,366▼ 5.4%
Plant, machinery and equipment23€70,747€71,068▲ 0.5%
Furniture and vehicles24€60,754€32,589▼ 46.4%
Current assets29/58€60,288€36,188▼ 40.0%
Amounts receivable within one year40/41€47,453€19,155▼ 59.6%
Trade receivables40€29,566€5,052▼ 82.9%
Other amounts receivable41€17,888€14,103▼ 21.2%
Cash at bank and in hand54/58€11,562€14,758▲ 27.6%
Deferred charges and accrued income490/1€1,273€2,275▲ 78.7%
Equity and liabilities
Total equity and liabilities10/49€874,911€786,211▼ 10.1%
Equity10/15€60,571€65,918▲ 8.8%
Contributions10/11€60,000€60,000=
Profit (loss) carried forward14€571€5,918▲ 937%
Amounts payable17/49€814,341€720,294▼ 11.5%
Amounts payable after more than one year17€527,401€473,026▼ 10.3%
Financial debts170/4€527,401€473,026▼ 10.3%
Amounts payable within one year42/48€281,707€242,039▼ 14.1%
Current portion of amounts payable after more than one year42€52,079€54,375▲ 4.4%
Trade debts44€66,314€40,501▼ 38.9%
Suppliers440/4€66,314€40,501▼ 38.9%
Taxes, remuneration and social security45€786€2,300▲ 193%
Taxes450/3€786€2,300▲ 193%
Other amounts payable47/48€162,528€144,864▼ 10.9%
Accrued charges and deferred income492/3€5,233€5,229▼ 0.1%
Line20242025Change
Profit (loss) for the period9904€571€5,347▲ 837%
+ Depreciation and write-downs630€49,824€55,701▲ 11.8%
Operating cash flow (approximation)€50,394€61,048▲ 21.1%
Investment in fixed assets (approximation)-€8,899-
Change in cash-€3,196-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 11-07-2026 2026-00285392
31-12-2024 micro format 26-06-2025 2025-00187791

Similar companies · same sector, comparable size

Of the 438 active companies whose main activity is accommodation (NACE 55300), figures are known for 295. 182 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2024 · 1 entry · €248 awarded · €198 paid
Schemes
1 entry · €248 · €198 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2025
Clijsters Nathalie
Director · since 31-10-2024 · from a recent deed
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 4 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Clijsters Nathaliefrom an act
  • Director, from 31-10-2024 to date
Bruneel Dieter
  • Director, from 09-04-2024 to 04-02-2025
Clijsters Nathalle
  • Director, from 31-10-2024 to 04-02-2025
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

TINY HOUSE PROJECTS was incorporated on 12 April 2023 as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
11-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
26-06
NBB filing Annual accounts filed
financial year 2024 · micro format
04-02
Gazette deed Resignations: Clijsters Nathalle (director) and Bruneel Dieter (director)
7 facts ▸
  • General meeting, 20-12-2024
  • Other provision, “quorum en geldigheid, bureau” (deed in Dutch)
  • Other provision, “Ontslag van twee bestuurder, dagorde” (deed in Dutch)
  • Director resignation, Clijsters Nathalle (director)
  • Director resignation, Bruneel Dieter (director)
  • Other provision, “verklaring bestuursverboden, geen veroordeling door rechtscollege van lidstaat van Europese Economische Ruimte tot soortgelijk verbod” (deed in Dutch)
  • Other provision, 20-12-2024
2024
31-10
Gazette deed Appointment: Clijsters Nathalie (director)
5 facts ▸
  • General meeting, 27-09-2024
  • Director appointment, Clijsters Nathalie (director)
  • Other provision, “geen veroordeling door rechtscollege van lidstaat van de Europese Economische Ruimte tot soortgelijk verbod als verboden van artikel 6 van de wet van 04-05-2023…” (deed in Dutch)
  • Director in office, Boussy Francis (director)
  • Director in office, Bruneel Dieter (director)
09-04
Gazette deed Appointment: Bruneel Dieter (director)
6 facts ▸
  • General meeting, 25-03-2024
  • Other provision, “samenstelling bureau en vergadering en quorum, leden tegenwoordig of vertegenwoordigd die aanwezigheidslijst ondertekend hebben” (deed in Dutch)
  • Other provision, “dagorde en oproepingen” (deed in Dutch)
  • Director appointment, Bruneel Dieter (director)
  • Director in office, Boussy Francis (director)
  • Director in office, Bruneel Dieter (director)
Gazette deedNBB filing
3 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not 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.

Register details

Identification
Legal formPrivate limited company
Founded12-04-2023
Financial year end31-12
Activities, NACEBEL 2025
55300Accommodation
86951Physiotherapy
Contact
E-mail francisboussy@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800680065
Also 9925:BE0800680065
Registered 13-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits

1 application in Flanders since 2025 · 1 refused
Bouwen of herbouwen
Refused on 27-10-2025submitted 04-07-2025authority: Geraardsbergenproject 2025070855

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2023
registered office establishment approximate The establishment unit on the map
Ground area
438 m²
Building footprint
79 m²
Building volume
492 m³
Parcel 41041B0458/00Y000, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 establishment unit
TINY HOUSE PROJECTS
Edingseweg(Via) 440, 9500 GeraardsbergenAccommodation
since 2023unit no. 2.344.547.210
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41041B0458/00Y000 Flanders 438 m² 1 · 79 m² 9.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

Other provisionsOther rules from the articles that fall under none of the themes above.
1 more provision in the deed, see the deed of 09-04-2024

Read from the deeds: 1 provision, deed of 09-04-2024