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TRIBUTA

Active
Private limited companyfounded 2002active for 24 yearsKeiberg 14, 9230 Wetteren, BelgiumKBO/BCE: BE 0477.177.048

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 12-09-2025 PDF all 23 filings

Turnover
≈ €310,000
Estimated: probably between €250,000 and €370,000
Total assets
€134,456▼ 30.1%
2024 · €192,263
Net result
€265
2024 · -€3,826
Working capital
-€69,428▲ 0.4%
2024 · -€69,737
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 5.5 times that of 2024. It is a recovery after the fall in 2024.

Operating result€12,783 2025 Net result€265 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€10,236-€65,932▲ 544%€23,204▼ 64.8%€9,968▼ 57.0%€19,195▲ 92.6%€2,329▼ 87.9%€12,783▲ 449%
Net result-€4,133-€2,334below the sector's middle half€10,233within the sector's middle half▲ 338%€784below the sector's middle half▼ 92.3%€9,553within the sector's middle half▲ 12×-€3,826below the sector's middle half€265below the sector's middle half
Equity-€8,262--€5,928below the sector's middle half▲ 28.3%€4,305below the sector's middle half€1,464below the sector's middle half▼ 66.0%€3,086below the sector's middle half▲ 111%-€740below the sector's middle half-€475below the sector's middle half▲ 35.7%
Total assets€311,887-€310,021within the sector's middle half▼ 0.6%€193,305within the sector's middle half▼ 37.6%€184,637within the sector's middle half▼ 4.5%€194,711within the sector's middle half▲ 5.5%€192,263within the sector's middle half▼ 1.3%€134,456within the sector's middle half▼ 30.1%
Debt€134,532-€201,860▲ 50.0%€92,776▼ 54.0%€106,333▲ 14.6%€135,787▲ 27.7%€159,893▲ 17.8%€126,306▼ 21.0%
Working capital€2,334-€36,973within the sector's middle half▲ 16×-€29,943below the sector's middle half-€25,952below the sector's middle half▲ 13.3%-€66,591below the sector's middle half▼ 157%-€69,737below the sector's middle half▼ 4.7%-€69,428below the sector's middle half▲ 0.4%
Solvency-2.6%--1.9%below the sector's middle half▲ 0.7pp2.2%below the sector's middle half▲ 4.1pp0.8%below the sector's middle half▼ 1.4pp1.6%below the sector's middle half▲ 0.8pp-0.4%below the sector's middle half▼ 2.0pp-0.4%below the sector's middle half=
Current ratio1.02-1.30within the sector's middle half▲ 0.290.68below the sector's middle half▼ 0.630.75below the sector's middle half▲ 0.070.51below the sector's middle half▼ 0.240.56below the sector's middle half▲ 0.050.45below the sector's middle half▼ 0.11
Return on assets (ROA)-1.3%-0.8%below the sector's middle half▲ 2.1pp5.3%within the sector's middle half▲ 4.5pp0.4%below the sector's middle half▼ 4.9pp4.9%within the sector's middle half▲ 4.5pp-2.0%below the sector's middle half▼ 6.9pp0.2%below the sector's middle half▲ 2.2pp
Staff (FTE)3.9-3.2above the sector's middle half▼ 17.9%2.4▼ 25.0%2.2▼ 8.3%2▼ 9.1%2.3▲ 15.0%2.1▼ 8.7%
above within below The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,456
Fixed assets €77,578 ▼ 24.0%
Current assets €56,878 ▼ 36.9%
Equity and liabilities
Equity-€475
Debt€126,306
Equity is negative. Debt (€126,306) exceeds the balance-sheet total (€134,456).
Key figures and ratios
2025 value · change against 2024
EBITDA
€40,474▲
2024 · €29,138
Cash flow
€27,956▲
2024 · €22,983
Interest coverage
4.01▼
2024 · 7.07
Debt ≤ 1 year
€126,306▼
2024 · €159,893
Income taxes
€2,416▲
2024 · €2,082
Staff costs
€117,241▼
2024 · €119,430
The equity ratios are withheld because equity of -€475 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as TRIBUTA: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €112,000 and €164,000, founded between 1998 and 2004.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
TRIBUTA Wetteren2002€134,456-€475€161,729-€2652025
Co-Consult & Fiduciaire Herve2002€121,622€79,107€172,334--€26,9812025
COZZA PATRICIA Aiseau-Presles2001€131,261€35,284€138,579€171,762€30,3762025
HINDO-FISC Sint-Jans-Molenbeek2004€160,940€87,859€151,855-€12,4002024
ECONOGEST Eghezée2001€111,940€47,666€177,831-€96,8392025
PLUUS Wetteren2000€163,559€105,996€173,021-€45,3922025
FIDUCIAIRE D.T.A. Sint-Jans-Molenbeek1998€126,608€84,463€136,941€356,384€16,3122025

They were chosen from the 7,241 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,449 companies had the same profile as TRIBUTA has now. Two years later, 2.5% had gone bankrupt and 92.2% were still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.5% went bankrupt
4.8% stopped otherwise
92.2% was still going

Another 0.6% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of TRIBUTA itself is lower: 0.3% within 12 months. It rests on far more data about TRIBUTA than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,449 companies, not a prediction for TRIBUTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €5,883 awarded · €6,214 paid
Year Entries AwardedPaid
2025 1 €1,698€1,698
2024 1 €1,311€1,404
2023 1 €1,566€1,926
2022 1 €1,308€1,186
Schemes
4 entries · €5,883 · €6,214 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Source: Annual accounts 2025 (PDF), filed on 12-09-2025.

Balance sheet Code20242025
Assets
Total assets20/58€192,263€134,456▼
Fixed assets21/28€102,107€77,578▼
Tangible fixed assets22/27€102,107€77,578▼
Land and buildings22€82,325€61,100▼
Plant, machinery and equipment23€17,204€13,131▼
Furniture and vehicles24€2,578€3,347▲
Current assets29/58€90,156€56,878▼
Amounts receivable within one year40/41€55,224€46,642▼
Trade receivables40€43,003€34,576▼
Other amounts receivable41€12,221€12,066▼
Cash at bank and in hand54/58€34,933€10,235▼
Equity and liabilities
Total equity and liabilities10/49€192,263€134,456▼
Equity10/15-€740-€475▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€8,800-€8,535▲
Provisions and deferred taxes16€33,110€8,625▼
Provisions for liabilities and charges160/5€33,110€8,625▼
Environmental obligations163€33,110€8,625▼
Amounts payable17/49€159,893€126,306▼
Amounts payable within one year42/48€159,893€126,306▼
Trade debts44€134,526€107,453▼
Suppliers440/4€134,526€107,453▼
Taxes, remuneration and social security45€20,388€18,853▼
Taxes450/3€2,069-
Remuneration and social security454/9€18,319€18,853▲
Other amounts payable47/48€4,979-
Income statement Code20242025
Remuneration, social security and pensions62€119,430€117,241▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,809€27,691▲
Other operating charges640/8€5,417€3,963▼
Non-recurring operating charges66A€103€51▼
Gross operating margin9900€154,087€161,729▲
Operating profit (loss)9901€2,329€12,783▲
Financial income75/76B€46€0▼
Recurring financial income75€46€0▼
Financial charges65/66B€4,119€10,103▲
Recurring financial charges65€4,119€10,103▲
Profit (loss) for the period before taxes9903-€1,744€2,680▲
Income taxes67/77€2,082€2,416▲
Profit (loss) for the period9904-€3,826€265▲
Profit (loss) for the period to be appropriated9905-€3,826€265▲
Appropriation of the result
Profit (loss) to be appropriated9906-€8,800-€8,535▲
Profit (loss) brought forward from the previous period14P-€4,974-€8,800▼

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Remuneration, social security and pensions62---€108,208€108,424€119,430€117,241▼ 1.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,490€23,585€24,405€23,648€26,269€26,809€27,691▲ 3.3%
Other operating charges640/8---€17,984€16,087€5,417€3,963▼ 26.8%
Non-recurring operating charges66A---€168€140€103€51▼ 49.9%
Gross operating margin9900€178,633€216,065€165,090€159,976€170,115€154,087€161,729▲ 5.0%
Operating profit (loss)9901€10,236€65,932€23,204€9,968€19,195€2,329€12,783▲ 449%
Financial income75/76B----€41€46€0▼ 99.5%
Recurring financial income75€923€1,057--€41€46€0▼ 99.5%
Financial charges65/66B---€5,101€3,472€4,119€10,103▲ 145%
Recurring financial charges65€13,335€60,486€7,482€5,101€3,472€4,119€10,103▲ 145%
Profit (loss) for the period before taxes9903-€2,175€6,503€15,722€4,867€15,764-€1,744€2,680-
Income taxes67/77€1,958€4,169€5,488€4,084€6,211€2,082€2,416▲ 16.0%
Profit (loss) for the period9904-€4,133€2,334€10,233€784€9,553-€3,826€265-
Transfer from tax-exempt reserves789---€3,920----
Profit (loss) for the period to be appropriated9905-€4,133-€1,586€10,233€4,704€9,553-€3,826€265-
Line2019202020212022202320242025Change
Assets
Total assets20/58€311,887€310,021€193,305€184,637€194,711€192,263€134,456▼ 30.1%
Fixed assets21/28€175,364€151,630€130,472€107,881€125,515€102,107€77,578▼ 24.0%
Intangible fixed assets21€9,849€7,387€4,925€2,462----
Tangible fixed assets22/27€165,366€144,243€125,548€105,419€125,515€102,107€77,578▼ 24.0%
Land and buildings22---€97,999€103,550€82,325€61,100▼ 25.8%
Plant, machinery and equipment23---€5,297€21,277€17,204€13,131▼ 23.7%
Furniture and vehicles24---€2,123€688€2,578€3,347▲ 29.8%
Financial fixed assets28€149-------
Current assets29/58€136,523€158,391€62,833€76,756€69,196€90,156€56,878▼ 36.9%
Amounts receivable within one year40/41€35,206€34,245€45,243€55,869€52,791€55,224€46,642▼ 15.5%
Trade receivables40---€41,894€44,000€43,003€34,576▼ 19.6%
Other amounts receivable41---€13,975€8,791€12,221€12,066▼ 1.3%
Current investments50/53€84,895-------
Cash at bank and in hand54/58€16,422€124,146€17,590€20,887€6,405€34,933€10,235▼ 70.7%
Deferred charges and accrued income490/1----€10,000---
Equity and liabilities
Total equity and liabilities10/49€311,887€310,021€193,305€184,637€194,711€192,263€134,456▼ 30.1%
Equity10/15-€8,262-€5,928€4,305€1,464€3,086-€740-€475▲ 35.7%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200=
Reserves13€1,860€5,780€5,780€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14-€16,322-€17,908-€7,675-€6,596-€4,974-€8,800-€8,535▲ 3.0%
Provisions and deferred taxes16€185,617€114,090€96,224€76,840€55,837€33,110€8,625▼ 74.0%
Provisions for liabilities and charges160/5---€76,840€55,837€33,110€8,625▼ 74.0%
Environmental obligations163---€76,840€55,837€33,110€8,625▼ 74.0%
Amounts payable17/49€134,532€201,860€92,776€106,333€135,787€159,893€126,306▼ 21.0%
Amounts payable after more than one year17-€80,000------
Amounts payable within one year42/48€134,189€121,419€92,776€102,709€135,787€159,893€126,306▼ 21.0%
Trade debts44€66,941€63,066€68,154€85,468€104,757€134,526€107,453▼ 20.1%
Suppliers440/4---€85,468€104,757€134,526€107,453▼ 20.1%
Taxes, remuneration and social security45---€17,241€23,100€20,388€18,853▼ 7.5%
Taxes450/3---€4,009€5,209€2,069--
Remuneration and social security454/9---€13,232€17,891€18,319€18,853▲ 2.9%
Other amounts payable47/48----€7,931€4,979--
Accrued charges and deferred income492/3---€3,625----
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€4,133€2,334€10,233€784€9,553-€3,826€265-
+ Depreciation and write-downs630€25,490€23,585€24,405€23,648€26,269€26,809€27,691▲ 3.3%
Operating cash flow (approximation)€21,357€25,919€34,638€24,432€35,822€22,983€27,956▲ 21.6%
Investment in fixed assets (approximation)-€149-€3,247-€1,057-€43,903-€3,401-€3,162▲ 7.0%
Change in cash-€107,724-€106,556€3,297-€14,482€28,528-€24,697-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2025 micro format 12-09-2025 2025-00489927 PDF
31-03-2024 micro format 08-10-2024 2024-00501305 PDF
31-03-2023 micro format 12-09-2023 2023-00444350 PDF
31-03-2022 micro format 30-09-2022 2022-20442456 PDF
31-03-2021 micro format 28-09-2021 2021-68900477 PDF
31-03-2020 micro format 14-10-2020 2020-61400139 PDF
31-03-2019 micro format 18-09-2019 2019-64900449 PDF
31-03-2018 micro format 19-09-2018 2018-63600066 PDF
31-03-2017 micro format 16-09-2017 2017-61300562 PDF
31-03-2016 abbreviated format 15-09-2016 2016-60000049 PDF

Show all 23 filings

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