Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €2.5m falls due within a year.
Less equity than 94% of companies in real estate. Sector median €73,122 · 17,201 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, small). It does better than 10% of them on solvency, 2% on liquidity and 17% on profitability.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,216 companies had the same profile as Tybco has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Tybco itself: 0.9% within 12 months.
The method was tested on the 497,447 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.
| 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 1,216 companies, not a prediction for Tybco. 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.
Liquidity is insufficient, with a current ratio of 0.86 (0.89 in 2023), below 1. Short-term debt is 103.7% and cash 0.2% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 68), the median for financial year 2023 was 5 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Tybco Deerlijk | €2.4m | €25,519 | -4.6% | - |
| A7B Tournai | €2.7m | €20,446 | 82.1% | 0 |
| TRIMO Bertrix | €2.3m | €32,274 | -11.4% | - |
| WASTI Mechelen | €2.1m | €29,983 | -14.7% | 0 |
| THÖNNES IMMOBILIEN Eupen | €2.1m | €24,941 | 36.0% | - |
| BLCK-IMMO Neupré | €2.3m | €43,082 | 6.1% | - |
| MJ BUILDING Tongeren-Borgloon | €1.8m | €21,224 | 34.6% | - |
These companies have the same main activity as Tybco: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.8m and €2.7m, founded between 2013 and 2015.
Tybco files the micro format. That format states no turnover. The gross margin rose from -€759 in 2016 to €25,519 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €70,000. Estimated: probably between €38,000 and €140,000.
Higher than 16% of 17,185 companies in 2025.
Higher than 40% of 16,482 companies in 2025.
Higher than 30% of 16,861 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
2.4m | 3.0m | 2.3m | 2.0m | 755,346 | 771,165 | 364,995 | 386,721 | 357,448 | |
21/28 |
265,552 | 285,441 | 83,223 | 96,301 | 35,340 | 754,205 | 364,530 | 376,955 | 351,380 | |
22/27 |
265,052 | 284,941 | 82,723 | 95,801 | 35,340 | 754,205 | 364,530 | 376,955 | 351,380 | |
22 |
37,731 | 40,247 | 41,684 | 43,122 | 35,340 | 754,205 | 364,530 | 376,955 | 351,380 | |
23 |
1,660 | - | - | - | - | - | - | - | - | |
24 |
10,417 | 29,449 | 41,039 | 52,679 | - | - | - | - | - | |
26 |
215,245 | 215,245 | - | - | - | - | - | - | - | |
28 |
500 | 500 | 500 | 500 | - | - | - | - | - | |
29/58 |
2.1m | 2.7m | 2.2m | 1.9m | 720,006 | 16,960 | 465 | 9,766 | 6,068 | |
3 |
2.0m | 1.3m | 1.9m | 1.4m | 718,200 | - | - | - | - | |
30/36 |
2.0m | 1.3m | 1.9m | 1.4m | 718,200 | - | - | - | - | |
40/41 |
114,118 | 443,409 | 124,222 | 189,976 | 147 | - | - | 123 | - | |
40 |
101,910 | 442,255 | 123,992 | 189,970 | 147 | - | - | 123 | - | |
41 |
12,207 | 1,154 | 230 | 6 | - | - | - | - | - | |
54/58 |
4,775 | 888,309 | 145,257 | 292,593 | 1,426 | 16,960 | 465 | 9,643 | 5,481 | |
490/1 |
2,863 | 2,001 | 3,541 | 4,292 | 234 | - | - | - | 587 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
2.4m | 3.0m | 2.3m | 2.0m | 755,346 | 771,165 | 364,995 | 386,721 | 357,448 | |
10/15 |
-109,867 | -84,488 | -121,871 | -53,359 | -13,070 | 21,495 | 95,843 | 128,716 | 158,573 | |
10/11 |
240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | |
100 |
- | - | - | - | - | 240,000 | 240,000 | 240,000 | 240,000 | |
14 |
-349,867 | -324,488 | -361,871 | -293,359 | -253,070 | -218,505 | -144,157 | -111,284 | -81,427 | |
17/49 |
2.5m | 3.0m | 2.4m | 2.0m | 768,417 | 749,670 | 269,152 | 258,005 | 198,875 | |
17 |
0 | 19,130 | 759,909 | 501,542 | 0 | 460,000 | - | - | - | |
170/4 |
0 | 19,130 | 759,909 | 501,542 | 0 | 460,000 | - | - | - | |
42/48 |
2.5m | 3.0m | 1.6m | 1.5m | 758,673 | 280,262 | 259,744 | 250,240 | 188,883 | |
42 |
10,573 | 873,449 | 11,132 | 10,988 | 460,000 | - | - | - | - | |
43 |
73 | - | - | - | - | - | - | - | - | |
430/8 |
73 | - | - | - | - | - | - | - | - | |
44 |
15,591 | 47,045 | 6,643 | 24,126 | 5,248 | 1,484 | 2,079 | - | 1,108 | |
440/4 |
15,591 | 47,045 | 6,643 | 24,126 | 5,248 | 1,484 | 2,079 | - | 1,108 | |
46 |
1.8m | 1.4m | 982,958 | 739,190 | - | - | - | - | - | |
45 |
0 | 69,869 | 26,205 | 87,894 | 0 | 4,032 | 4,032 | 3,328 | 4,282 | |
450/3 |
0 | 69,869 | 26,205 | 87,894 | 0 | 4,032 | 4,032 | 3,328 | 4,282 | |
47/48 |
580,772 | 575,926 | 574,587 | 646,929 | 293,425 | 274,745 | 253,634 | 246,912 | 183,493 | |
492/3 |
23,000 | 27,855 | 23,000 | 1,679 | 9,744 | 9,408 | 9,408 | 7,765 | 9,992 | |
| Income statement | ||||||||||
9900 |
25,519 | 114,926 | -13,276 | -17,412 | -8,036 | -8,043 | -5,344 | -459 | -759 | |
630 |
23,189 | 13,027 | 13,078 | 7,276 | 665 | 47,251 | 12,425 | 16,662 | 63,905 | |
640/8 |
2,316 | 1,837 | 1,356 | 3,662 | 3,011 | 2,869 | 1,610 | 1,588 | 2,431 | |
9901 |
14 | 100,062 | -27,711 | -28,349 | -11,712 | -58,163 | -19,378 | -18,708 | -67,095 | |
75/76B |
2,408 | 2,499 | 3,900 | 9,408 | - | - | - | 0 | 1 | |
75 |
2,408 | 2,499 | 3,900 | 9,408 | - | - | - | 0 | 1 | |
65/66B |
27,751 | 65,179 | 44,701 | 21,348 | 22,854 | 16,184 | 13,495 | 11,149 | 14,332 | |
65 |
27,751 | 65,179 | 44,701 | 21,348 | 22,854 | 16,184 | 13,495 | 11,149 | 14,332 | |
9903 |
-25,329 | 37,383 | -68,512 | -40,289 | -34,566 | -74,347 | -32,874 | -29,857 | -81,427 | |
67/77 |
50 | - | - | - | - | - | - | - | 0 | |
9904 |
-25,379 | 37,383 | -68,512 | -40,289 | -34,566 | -74,347 | -32,874 | -29,857 | -81,427 | |
9905 |
-25,379 | 37,383 | -68,512 | -40,289 | -34,566 | -74,347 | -32,874 | -29,857 | -81,427 | |
| Appropriation of the result | ||||||||||
9906 |
-349,867 | -324,488 | -361,871 | -293,359 | -253,070 | -218,505 | -144,157 | -111,284 | -81,427 | |
14P |
-324,488 | -361,871 | -293,359 | -253,070 | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096392 | |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00462999 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00385233 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20369234 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58300325 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65600032 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51800356 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56000379 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57000256 |
| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 23,203 | 113,089 | -14,633 | -21,073 | -11,047 | -10,912 | -6,953 | -2,046 | -3,190 | ||
| -2,190 | 50,410 | -55,433 | -33,013 | -33,901 | -27,096 | -20,449 | -13,195 | -17,522 | ||
| 3,300 | 215,245 | 0 | 68,237 | -718,200 | 436,926 | 0 | 42,237 | 411,120 | ||
| - | 743,052 | -147,335 | 291,167 | -15,534 | 16,495 | -9,178 | 4,162 | - | ||
| -352,419 | -322,944 | 577,815 | 353,560 | -38,666 | -263,302 | -259,279 | -240,473 | -182,815 | ||
| -4.6% | -2.9% | -5.4% | -2.7% | -1.7% | 2.8% | 26.3% | 33.3% | 44.4% | ||
| 0.86 | 0.89 | 1.36 | 1.23 | 0.95 | 0.06 | 0.00 | 0.04 | 0.03 | ||
| 0.05 | 0.44 | 0.17 | 0.32 | 0.00 | 0.06 | 0.00 | 0.04 | 0.03 | ||
| - | - | - | - | - | 34.88 | 2.81 | 2.00 | 1.25 | ||
| - | - | - | - | - | -345.9% | -34.3% | -23.2% | -51.3% | ||
| -1.1% | 1.3% | -3.0% | -2.1% | -4.6% | -9.6% | -9.0% | -7.7% | -22.8% | ||
| 0.84 | 1.74 | -0.33 | -0.99 | - | - | - | - | - |
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.
| Item | 30-09-2025 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Mortgages, amount registered | - | €25,000 | €25,000 | €25,000 |
| - | €435,000 | €435,000 | €435,000 | |
| Carrying value of the mortgaged assets | - | €1.3m | €1.9m | €1.4m |
| - | - | - | €0 | |
| Mandates to pledge the business | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €3,300 | €215,245 | - | €67,737 |
| Financial fixed assets | - | - | - | €500 |
| €23,189 | €13,027 | €13,078 | €7,276 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €14, against €100,062 in 2023. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€2.5m) exceeds the balance-sheet total (€2.4m).
Tybco has no parent and no holdings in its annual accounts. Tybco shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zandstraat 6 registered office 8540 Deerlijk | 05-06-2015 | 2.242.598.923 |
| 05-12-2018 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 23-07-2018 · project 2018088248 | Deerlijk |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34009B0140/00D000 | 815 m² | 1 · 211 m² | 9.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0631.795.543
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