TOBAT CONSTRUCT
Annual accounts 2025
micro format, filed on 08-09-2026, 39 days late€51,930
▼ 56.0%
-€105,866
▼ €100,052
-€32,915
▼ €95,873
-€60,211
▼ €105,600
-10.4%
▼ 12.5 percentage points
0.03
▲ 0.02
Money flows
turnover is 23.4% of income in 2025Balance sheet
balance sheet total €1.0m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-10.4%
Higher than 13% of 17,185 companies in 2025.
0.03
Lower than 95% of 16,482 companies in 2025.
-12.8%
Higher than 9% of 16,861 companies in 2025.
TOBAT CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
1.0m | 1.2m | 903,887 | 1.2m | 1.3m | 1.4m | 1.4m | 1.1m | 463,075 | 391,085 | 364,129 | 166,442 | |
21/28 |
1.0m | 1.2m | 843,961 | 1.0m | 1.1m | 1.2m | 1.3m | 873,800 | 280,847 | 116,730 | 6,620 | 34,470 | |
22/27 |
1.0m | 1.2m | 843,961 | 1.0m | 1.1m | 1.2m | 1.3m | 873,800 | 280,847 | 116,230 | 6,120 | 33,970 | |
22 |
895,918 | 1.0m | 646,076 | 812,405 | 848,167 | 898,536 | 1.1m | 856,964 | 262,753 | 111,489 | - | 30,245 | |
23 |
126,813 | 162,289 | 197,884 | 237,079 | 273,393 | 309,706 | 236,134 | 4,819 | 2,009 | 2,324 | 2,639 | 2,954 | |
24 |
- | - | - | - | - | 4,559 | 8,571 | 12,017 | 16,085 | 2,417 | 3,481 | 771 | |
28 |
- | - | - | - | - | - | - | - | - | 500 | 500 | 500 | |
29/58 |
15,286 | 3,481 | 59,927 | 123,978 | 135,072 | 150,032 | 106,762 | 268,384 | 182,228 | 274,356 | 357,510 | 131,972 | |
3 |
- | - | - | - | - | - | - | 50,314 | 80,829 | 268,845 | 296,312 | 93,855 | |
30/36 |
- | - | - | - | - | - | - | 50,314 | 80,829 | 268,845 | 296,312 | 93,855 | |
40/41 |
3,227 | - | - | 123,950 | 133,906 | 150,000 | 100,000 | 2,020 | 10,345 | 4,510 | - | 5,793 | |
40 |
- | - | - | 123,950 | 133,906 | 150,000 | 100,000 | - | 10,000 | - | - | - | |
41 |
3,227 | - | - | - | - | - | - | 2,020 | 345 | 4,510 | - | 5,793 | |
54/58 |
12,059 | 3,481 | 59,927 | 28 | 1,166 | 32 | 6,762 | 216,050 | 91,054 | 1,000 | 61,198 | 32,325 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
1.0m | 1.2m | 903,887 | 1.2m | 1.3m | 1.4m | 1.4m | 1.1m | 463,075 | 391,085 | 364,129 | 166,442 | |
10/15 |
-108,340 | 24,823 | 48,206 | 15,392 | 30,054 | 14,100 | 18,611 | 37,824 | 12,839 | 3,193 | 6,039 | 14,591 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-126,940 | 6,223 | 29,606 | -3,208 | 11,454 | -4,500 | 11 | 19,224 | -5,761 | -15,407 | -12,561 | -4,009 | |
17/49 |
1.1m | 1.2m | 855,682 | 1.2m | 1.2m | 1.3m | 1.4m | 1.1m | 450,235 | 387,893 | 358,091 | 151,851 | |
17 |
650,423 | 739,777 | 521,323 | 679,529 | 758,468 | 868,136 | 887,223 | 782,064 | 208,745 | 92,976 | - | - | |
170/4 |
650,423 | 739,777 | 521,323 | 679,529 | 758,468 | 868,136 | 887,223 | 782,064 | 208,745 | 92,976 | - | - | |
42/48 |
495,934 | 432,607 | 334,359 | 478,542 | 468,110 | 480,598 | 505,561 | 322,296 | 241,491 | 294,917 | 358,091 | 151,851 | |
42 |
89,290 | 87,305 | 64,851 | 79,331 | 78,275 | 64,434 | 56,514 | 46,724 | 20,906 | 9,819 | - | - | |
44 |
- | - | 578 | 7,212 | 5,076 | 259 | 5,466 | 489 | 139 | 321 | 6,004 | 5,542 | |
440/4 |
0 | - | 578 | 7,212 | 5,076 | 259 | 5,466 | 489 | 139 | 321 | 6,004 | 5,542 | |
45 |
1,421 | 11,470 | 5,098 | 5,365 | 7,952 | 534 | 12,128 | 12,128 | 18 | 53 | 82,465 | 72 | |
450/3 |
1,421 | 11,470 | 5,098 | 5,365 | 6,452 | 532 | 10,628 | 10,628 | 18 | 53 | 43,465 | 72 | |
454/9 |
- | - | - | - | 1,500 | 2 | 1,500 | 1,500 | - | - | 39,000 | - | |
47/48 |
405,223 | 333,832 | 263,832 | 386,634 | 376,807 | 415,371 | 431,454 | 262,954 | 220,429 | 284,724 | 269,622 | 146,237 | |
| Income statement | |||||||||||||
70 |
51,930 | 118,064 | 181,752 | 125,824 | 105,741 | 134,598 | 179,551 | 152,096 | 326,089 | 110,000 | 136,525 | 2,450 | |
76A |
36,989 | - | 222,430 | - | 53,688 | 10,011 | - | 33,056 | - | - | 11,755 | - | |
9900 |
-27,434 | 66,275 | 127,184 | 107,301 | 118,922 | 98,127 | 82,202 | 84,523 | 30,018 | 8,384 | -11,582 | -2,906 | |
60/61 |
116,578 | 51,790 | 54,569 | 18,523 | 40,508 | 46,482 | 97,350 | 100,629 | 296,071 | 103,552 | 148,107 | 5,356 | |
630 |
72,951 | 68,772 | 62,953 | 72,075 | 74,729 | 76,206 | 69,587 | 31,332 | 13,951 | 6,530 | 657 | 425 | |
640/8 |
5,481 | 3,317 | 8,767 | 10,910 | 4,219 | 2,448 | 8,777 | 4,667 | 1,694 | 1,439 | 683 | 490 | |
66A |
- | - | - | 16,650 | - | 45 | - | - | - | - | 7,245 | - | |
9901 |
-105,866 | -5,814 | 55,463 | 7,666 | 39,973 | 19,428 | 3,837 | 48,523 | 14,373 | 415 | -12,923 | -3,821 | |
75/76B |
- | 16 | - | - | 0 | - | 126 | - | 53 | - | 41 | 4 | |
75 |
- | 16 | - | - | 0 | - | 126 | - | 53 | - | 41 | 4 | |
65/66B |
27,296 | 17,445 | 18,242 | 22,328 | 24,019 | 23,933 | 23,177 | 13,460 | 4,761 | 3,208 | 128 | 120 | |
65 |
27,296 | 17,445 | 18,242 | 22,328 | 24,019 | 23,933 | 23,177 | 13,460 | 4,761 | 3,208 | 128 | 120 | |
9903 |
-133,163 | -23,244 | 37,221 | -14,662 | 15,954 | -4,505 | -19,213 | 35,063 | 9,664 | -2,793 | -8,499 | -3,937 | |
67/77 |
- | 140 | 4,408 | - | - | 5 | - | 10,078 | 18 | 53 | 53 | 72 | |
9904 |
-133,163 | -23,383 | 32,813 | -14,662 | 15,954 | -4,511 | -19,213 | 24,985 | 9,646 | -2,846 | -8,552 | -4,009 | |
9905 |
-133,163 | -23,383 | 32,813 | -14,662 | 15,954 | -4,511 | -19,213 | 24,985 | 9,646 | -2,846 | -8,552 | -4,009 | |
| Appropriation of the result | |||||||||||||
9906 |
-126,940 | 6,223 | 29,606 | -3,208 | 11,454 | -4,500 | 11 | 19,224 | -5,761 | -15,407 | -12,561 | -4,009 | |
14P |
6,223 | 29,606 | -3,208 | 11,454 | -4,500 | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 39 days after the deadline. Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513196.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-09-2026 | 2026-00513196 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00526025 | |
| 31-12-2023 | micro format | 27-05-2024 | 2024-00099741 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00307774 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20301506 | |
| 31-12-2020 | full format | 08-12-2021 | 2021-79800504 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-46300056 | |
| 31-12-2018 | full format | 13-09-2019 | 2019-64500115 | |
| 31-12-2017 | full format | 06-08-2018 | 2018-43700423 | |
| 31-12-2016 | full format | 17-05-2017 | 2017-12300344 | |
| 31-12-2015 | full format | 13-07-2016 | 2016-31500266 | |
| 31-12-2014 | full format | 12-05-2015 | 2015-11700552 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -32,915 | 62,958 | 118,416 | 79,742 | 114,703 | 95,634 | 73,425 | 79,856 | 28,324 | 6,945 | -12,265 | -3,396 | ||
| -60,211 | 45,389 | 95,766 | 57,414 | 90,684 | 71,696 | 50,374 | 56,317 | 23,598 | 3,684 | -7,895 | -3,584 | ||
| -98,042 | 418,537 | 30,000 | 0 | -16,512 | 167,357 | 500,421 | 640,313 | 178,568 | 116,640 | 3,052 | 34,895 | ||
| 8,578 | -56,446 | 59,898 | -1,137 | 1,133 | -6,730 | -209,287 | 124,996 | 90,054 | -60,198 | 28,873 | - | ||
| -480,648 | -429,126 | -274,432 | -354,563 | -333,038 | -330,565 | -398,799 | -53,911 | -59,263 | -20,561 | -581 | -19,879 | ||
| - | -4.9% | 30.5% | 6.1% | 37.8% | 14.4% | 2.1% | 31.9% | 4.4% | 0.4% | -9.5% | - | ||
| -10.4% | 2.1% | 5.3% | 1.3% | 2.4% | 1.0% | 1.3% | 3.3% | 2.8% | 0.8% | 1.7% | 8.8% | ||
| 0.03 | 0.01 | 0.18 | 0.26 | 0.29 | 0.31 | 0.21 | 0.83 | 0.75 | 0.93 | 1.00 | 0.87 | ||
| 0.03 | 0.01 | 0.18 | 0.26 | 0.29 | 0.31 | 0.21 | 0.68 | 0.42 | 0.02 | 0.17 | 0.25 | ||
| - | 47.23 | 17.75 | 75.24 | 40.81 | 95.65 | 74.84 | 29.20 | 35.07 | - | 59.30 | 10.41 | ||
| - | -94.2% | 68.1% | -95.3% | 53.1% | -32.0% | -103.2% | 66.1% | 75.1% | -89.1% | -141.6% | -27.5% | ||
| -12.8% | -2.0% | 3.6% | -1.2% | 1.3% | -0.3% | -1.4% | 2.2% | 2.1% | -0.7% | -2.3% | -2.4% | ||
| -1.21 | 3.61 | 6.49 | 3.57 | 4.78 | - | - | - | - | - | - | - | ||
| 23 days | - | - | 360 days | 462 days | 407 days | 203 days | 5 days | 11 days | 15 days | - | 863 days | ||
| - | - | 4 days | 142 days | 46 days | 2 days | 20 days | 2 days | 0 days | 1 day | 15 days | 378 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €418,537 | €30,000 | - | - |
| €72,951 | €68,772 | €62,953 | €72,075 | €74,729 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TOBAT CONSTRUCT
The operating result for 2025 is a loss of €105,866, larger than the loss of €5,814 in 2024. It is the lowest result since 2014.
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€1.0m).