Checked.be
Active
BE 0445.497.640Private limited company
TYBERGHIEN
Hazelaarstraat 61 ·8870 Izegem, Belgium· 34 yrs active
Sector: Activities of building architects
(71111)
Conclusion
TYBERGHIEN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €-42k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €187k |
| Net result | €-42k |
| Better than sector | 24% |
| Active | 34 yrs |
Financial profile
37
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
28
Profitability
0
Solvency
23
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 34 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
28
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
53
2021
30
2022
54
2023
12
2024
28
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.05 (< 1.0)
-10
Quick ratio
Quick ratio 0.05 (< 0.6)
-5
Leverage
Debt/equity 3.26 (> 3.0)
-10
Profitability
Negatieve ROE -22%
-10
Interest coverage
Interest coverage 4.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~10.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.5% | 54.7% | |
| Net result | €-42k | €17k | |
| Equity | €187k | €67k | |
| Gross operating margin | €47k | €40k | |
| Total assets | €796k | €142k |
€46k
+338.0%
21-25
€-42k
+48.4%
21-25
€35k
-
21-25
€796k
-9.6%
21-25
€187k
-18.3%
21-25
€-452k
-0.5%
21-25
€443
-14.3%
21-25
€609k
-6.6%
21-25
€477k
-1.3%
21-25
€132k
-21.9%
21-25
0.05
-24.7%
21-25
0.05
-24.7%
21-25
23.5%
-9.6%
21-25
3.26
+14.3%
21-25
-22.4%
+36.8%
21-25
-5.3%
+42.9%
21-25
4.16
+476.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €46k | €11k | €111k | €73k | €171k |
| Net profit | €-42k | €-81k | €10k | €-7k | €40k |
| Cash flow | €35k | €-5k | €87k | €62k | €127k |
| Staff costs | - | - | - | - | - |
| Income taxes | €443 | €517 | €9k | €3k | €26k |
| Dividends | - | - | - | - | - |
| Total assets | €796k | €881k | €946k | €1.02M | €947k |
| Equity | €187k | €229k | €310k | €300k | €307k |
| Debt | €609k | €652k | €637k | €716k | €640k |
| of which ≤ 1y | €477k | €483k | €422k | €475k | €543k |
| of which > 1y | €132k | €169k | €215k | €242k | €87k |
| Working capital | €-452k | €-450k | €-399k | €-451k | €-540k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.05 | 0.07 | 0.05 | 0.05 | 0.01 |
| Quick ratio | 0.05 | 0.07 | 0.05 | 0.05 | 0.01 |
| Working capital ratio | -56.8% | -51.1% | -42.2% | -44.4% | -57.0% |
| Solvency | 23.5% | 26.0% | 32.7% | 29.5% | 32.4% |
| Debt / equity | 3.26 | 2.85 | 2.05 | 2.39 | 2.08 |
| Long-term debt ratio | 0.70 | 0.74 | 0.69 | 0.81 | 0.28 |
| Interest coverage | 4.16 | 0.72 | 7.59 | 9.03 | 10.07 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -5.3% | -9.2% | 1.1% | -0.7% | 4.2% |
| ROE | -22.4% | -35.4% | 3.3% | -2.5% | 12.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €796k | €881k | €946k | €1.02M | €947k |
| Fixed assets | 21/28 | €771k | €847k | €924k | €992k | €944k |
| Tangible fixed assets | 22/27 | €771k | €847k | €924k | €992k | €944k |
| Current assets | 29/58 | €25k | €33k | €23k | €24k | €3k |
| Amounts receivable within one year | 40/41 | €22k | €31k | €10k | - | €0 |
| Cash & bank | 54/58 | €3k | €2k | €12k | €24k | €3k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €796k | €881k | €946k | €1.02M | €947k |
| Equity | 10/15 | €187k | €229k | €310k | €300k | €307k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €168k | €210k | €291k | €281k | €288k |
| Amounts payable | 17/49 | €609k | €652k | €637k | €716k | €640k |
| Amounts payable after one year | 17 | €132k | €169k | €215k | €242k | €87k |
| Amounts payable within one year | 42/48 | €477k | €483k | €422k | €475k | €543k |
| Trade debts payable within one year | 44 | €961 | €1k | €13k | €27k | €32k |
| Income statement | ||||||
| Gross operating margin | 9900 | €47k | €15k | €116k | €77k | €178k |
| Operating result | 9901 | €-30k | €-66k | €34k | €3k | €83k |
| Financial income | 75 | €0 | €1 | €4 | €0 | €6 |
| Financial charges | 65 | €11k | €15k | €15k | €8k | €17k |
| Result before taxes | 9903 | €-41k | €-81k | €20k | €-5k | €66k |
| Income taxes | 67/77 | €443 | €517 | €9k | €3k | €26k |
| Net result for the period | 9904 | €-42k | €-81k | €10k | €-7k | €40k |
| Result to be appropriated | 9905 | €-42k | €-81k | €10k | €-7k | €40k |
Directors & mandates
Current directors & mandates
-
Bart TyberghienDirectorState Gazette act 25306207 (23-01-2025)Current23-01-2025 → present
Legal Structure
| NACE primary | Activities of building architects(71111) |
| Legal form | Private limited company(610) |
| Incorporation | 18-10-1991 |
| Status | Active |
| Postal code | 8870 |
Establishment units
Tyberghien Architecten
since 20032.291.628.562
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0740/00G000 | Flanders | 1,391 m² | 1 · 231 m² | 7.9 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
23-01
State Gazette act
Director changes
v3.2
2024
31-12
Financial
Weakest financial yearnet €-81k ▼896%
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 1 year ago
2025
23-01-2025 Bart Tyberghien appointed as director
- Bart Tyberghien, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Bart Tyberghien",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0445.497.640",
"name_full": "TYBERGHIEN"
}
}Credit advice
Company registry (CBE)
Activities
Activities of building architects71111Photography, excluding press photography74201
Names & trade names
| Legal nameNL | TYBERGHIEN |
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