TYBO
ActiveSummary
TYBO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.98M and a net result of €139k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+61
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 18.72 against 5.23 in 2024; short-term debt: 4.9% and cash: 2.6% of total assets), and 4.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.1%
Return on assets
1.9%
Age of the figures
9 mo
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
45 d early
2023
89 d early
2022
59 d early
2021
61 d early
2020
73 d early
2019
73 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.98M▲ 2.0%
2024 · €6.85M
2018: €6.63M
2019: €7.10M▲ +7.1% vs 2018
2020: €7.36M▲ +3.7% vs 2019
2021: €6.55M▼ -11.1% vs 2020lowest in 8 years
2022: €7.21M▲ +10.1% vs 2021
2023: €7.45M▲ +3.3% vs 2022highest in 8 years
2024: €6.85M▼ -8.1% vs 2023
2025: €6.98M▲ +2.0% vs 2024
2018 → 2025
Total assets
€7.35M▼ 11.4%
2024 · €8.30M
2018: €9.06M
2019: €9.12M▲ +0.7% vs 2018
2020: €8.95M▼ -1.8% vs 2019
2021: €9.62M▲ +7.5% vs 2020highest in 8 years
2022: €9.03M▼ -6.1% vs 2021
2023: €8.68M▼ -3.9% vs 2022
2024: €8.30M▼ -4.4% vs 2023
2025: €7.35M▼ -11.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€139k
2024 · €-601k
2018: €939k
2019: €1.11M▲ +17.7% vs 2018
2020: €261k▼ -76.4% vs 2019
2021: €1.18M▲ +353% vs 2020highest in 8 years
2022: €660k▼ -44.2% vs 2021
2023: €240k▼ -63.6% vs 2022
2024: €-601k▼ -350% vs 2023lowest in 8 years
2025: €139k▲ +123% vs 2024
2018 → 2025
Working capital
€6.42M▲ 4.7%
2024 · €6.13M
2018: €6.63M
2019: €6.50M▼ -1.8% vs 2018
2020: €6.52M▲ +0.2% vs 2019
2021: €5.77M▼ -11.5% vs 2020lowest in 8 years
2022: €6.56M▲ +13.7% vs 2021
2023: €6.72M▲ +2.5% vs 2022highest in 8 years
2024: €6.13M▼ -8.7% vs 2023
2025: €6.42M▲ +4.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.55M-€7.21M▲ 10.1%€7.45M▲ 3.3%€6.85M▼ 8.1%€6.98M▲ 2.0%
2021: €6.55Mlowest in 5 years
2022: €7.21M▲ +10.1% vs 2021
2023: €7.45M▲ +3.3% vs 2022highest in 5 years
2024: €6.85M▼ -8.1% vs 2023
2025: €6.98M▲ +2.0% vs 2024
Operating result€1.52M-€798k▼ 47.4%€269k▼ 66.2%€-631k€87k
2021: €1.52Mhighest in 5 years
2022: €798k▼ -47.4% vs 2021
2023: €269k▼ -66.2% vs 2022
2024: €-631k▼ -334% vs 2023lowest in 5 years
2025: €87k▲ +114% vs 2024
Net result€1.18M-€660k▼ 44.2%€240k▼ 63.6%€-601k€139k
2021: €1.18Mhighest in 5 years
2022: €660k▼ -44.2% vs 2021
2023: €240k▼ -63.6% vs 2022
2024: €-601k▼ -350% vs 2023lowest in 5 years
2025: €139k▲ +123% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €87k after a loss of €631k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.35M
Fixed assets
€560k ▼ 21.3%
Current assets
€6.79M ▼ 10.5%
Equity and liabilities €7.35M
Equity
€6.98M ▲ 2.0%
Debt
€362k ▼ 75.0%
Debt's share of the balance-sheet total falls from 17.5% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€230k▲
2024 · €-471k
Cash flow
€282k▲
2024 · €-441k
Current ratio
18.72▲
2024 · 5.23
Quick ratio
2.69▲
2024 · 0.93
Debt to equity
0.05▼
2024 · 0.21
ROE
2.0%▲
2024 · -8.8%
ROA
1.9%▲
2024 · -7.2%
Interest coverage
63.93▲
2024 · -30.91
Debt ≤ 1 year
€362k▼
2024 · €1.45M
Income taxes
€2k▼
2024 · €2k
Staff costs
€620k▼
2024 · €648k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.30M€7.35M▼
Fixed assets21/28€712k€560k▼
Tangible fixed assets22/27€551k€413k▼
Land and buildings22€166k€149k▼
Plant, machinery and equipment23€29k€19k▼
Furniture and vehicles24€357k€244k▼
Financial fixed assets28€161k€148k▼
Current assets29/58€7.58M€6.79M▼
Stocks and contracts in progress3€6.24M€5.81M▼
Stocks30/36€6.24M€5.81M▼
Amounts receivable within one year40/41€1.18M€781k▼
Trade receivables40€380k€59k▼
Other amounts receivable41€803k€722k▼
Cash at bank and in hand54/58€160k€193k▲
Equity and liabilities
Total equity and liabilities10/49€8.30M€7.35M▼
Equity10/15€6.85M€6.98M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€6.70M€6.83M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€6.68M€6.82M▲
Amounts payable17/49€1.45M€362k▼
Amounts payable within one year42/48€1.45M€362k▼
Trade debts44€1.28M€258k▼
Suppliers440/4€1.28M€258k▼
Taxes, remuneration and social security45€165k€105k▼
Taxes450/3€128k€63k▼
Remuneration and social security454/9€37k€41k▲
Other amounts payable47/48€2k-
Income statement
Code20242025
Non-recurring operating income76A€56k-
Remuneration, social security and pensions62€648k€620k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€143k▼
Other operating charges640/8€18k€9k▼
Non-recurring operating charges66A€289€571▲
Gross operating margin9900€196k€860k▲
Operating profit (loss)9901€-631k€87k▲
Financial income75/76B€47k€57k▲
Recurring financial income75€47k€57k▲
Financial charges65/66B€15k€4k▼
Recurring financial charges65€15k€4k▼
Profit (loss) for the period before taxes9903€-599k€141k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-601k€139k▲
Transfer from tax-exempt reserves789€687-
Profit (loss) for the period to be appropriated9905€-600k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-600k€139k▲
Transfer from equity791/2€600k-
Transfer to equity691/2-€139k
To other reserves6921-€139k
Social balance
Average headcount (FTE)908713.712.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | - | €76k | €56k | - | - |
| Remuneration, social security and pensions62 | €863k | €933k | €999k | €648k | €620k | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233k | €227k | €202k | €160k | €143k | ▼ 10.8% |
| Other operating charges640/8 | €8k | €8k | €9k | €18k | €9k | ▼ 47.7% |
| Non-recurring operating charges66A | €2k | €4k | €2k | €289 | €571 | ▲ 97.3% |
| Gross operating margin9900 | €2.62M | €1.97M | €1.48M | €196k | €860k | ▲ 340% |
| Operating profit (loss)9901 | €1.52M | €798k | €269k | €-631k | €87k | ▲ 114% |
| Financial income75/76B | €77k | €112k | €71k | €47k | €57k | ▲ 21.3% |
| Recurring financial income75 | €77k | €112k | €71k | €47k | €57k | ▲ 21.3% |
| Financial charges65/66B | €8k | €22k | €25k | €15k | €4k | ▼ 76.4% |
| Recurring financial charges65 | €8k | €22k | €25k | €15k | €4k | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | €1.59M | €888k | €315k | €-599k | €141k | ▲ 123% |
| Transfer from deferred taxes780 | €7k | €7k | €5k | - | - | - |
| Income taxes67/77 | €410k | €234k | €80k | €2k | €2k | ▼ 4.1% |
| Profit (loss) for the period9904 | €1.18M | €660k | €240k | €-601k | €139k | ▲ 123% |
| Transfer from tax-exempt reserves789 | €19k | €19k | €14k | €687 | - | - |
| Transfer to tax-exempt reserves689 | - | - | €687 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.20M | €679k | €253k | €-600k | €139k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.62M | €9.03M | €8.68M | €8.30M | €7.35M | ▼ 11.4% |
| Fixed assets21/28 | €790k | €654k | €729k | €712k | €560k | ▼ 21.3% |
| Tangible fixed assets22/27 | €663k | €492k | €618k | €551k | €413k | ▼ 25.1% |
| Land and buildings22 | €229k | €205k | €185k | €166k | €149k | ▼ 10.2% |
| Plant, machinery and equipment23 | €80k | €56k | €47k | €29k | €19k | ▼ 32.2% |
| Furniture and vehicles24 | €354k | €230k | €386k | €357k | €244k | ▼ 31.5% |
| Financial fixed assets28 | €127k | €163k | €111k | €161k | €148k | ▼ 8.1% |
| Current assets29/58 | €8.83M | €8.38M | €7.95M | €7.58M | €6.79M | ▼ 10.5% |
| Stocks and contracts in progress3 | €6.03M | €5.24M | €5.82M | €6.24M | €5.81M | ▼ 6.9% |
| Stocks30/36 | €6.03M | €5.24M | €5.82M | €6.24M | €5.81M | ▼ 6.9% |
| Amounts receivable within one year40/41 | €1.85M | €1.18M | €1.06M | €1.18M | €781k | ▼ 34.0% |
| Trade receivables40 | €26k | €21k | €24k | €380k | €59k | ▼ 84.4% |
| Other amounts receivable41 | €1.82M | €1.16M | €1.04M | €803k | €722k | ▼ 10.1% |
| Current investments50/53 | - | €800k | €380k | - | - | - |
| Cash at bank and in hand54/58 | €950k | €1.15M | €677k | €160k | €193k | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | - | €15k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.62M | €9.03M | €8.68M | €8.30M | €7.35M | ▼ 11.4% |
| Equity10/15 | €6.55M | €7.21M | €7.45M | €6.85M | €6.98M | ▲ 2.0% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Capital10 | €150k | €150k | €150k | €150k | €150k | = |
| Issued capital100 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €6.40M | €7.06M | €7.30M | €6.70M | €6.83M | ▲ 2.1% |
| Non-distributable reserves130/1 | €15k | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | €15k | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | €33k | €14k | €687 | - | - | - |
| Distributable reserves133 | €6.35M | €7.03M | €7.28M | €6.68M | €6.82M | ▲ 2.1% |
| Provisions and deferred taxes16 | €12k | €5k | - | - | - | - |
| Deferred taxes168 | €12k | €5k | - | - | - | - |
| Amounts payable17/49 | €3.07M | €1.82M | €1.23M | €1.45M | €362k | ▼ 75.0% |
| Amounts payable within one year42/48 | €3.07M | €1.82M | €1.23M | €1.45M | €362k | ▼ 75.0% |
| Current portion of amounts payable after more than one year42 | €45k | - | - | - | - | - |
| Financial debts43 | €275k | - | - | - | - | - |
| Credit institutions430/8 | €275k | - | - | - | - | - |
| Trade debts44 | €409k | €304k | €610k | €1.28M | €258k | ▼ 79.9% |
| Suppliers440/4 | €409k | €304k | €610k | €1.28M | €258k | ▼ 79.9% |
| Taxes, remuneration and social security45 | €336k | €203k | €246k | €165k | €105k | ▼ 36.5% |
| Taxes450/3 | €290k | €157k | €198k | €128k | €63k | ▼ 50.5% |
| Remuneration and social security454/9 | €46k | €46k | €48k | €37k | €41k | ▲ 12.0% |
| Other amounts payable47/48 | €2.00M | €1.31M | €378k | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.18M | €660k | €240k | €-601k | €139k | ▲ 123% |
| + Depreciation and write-downs630 | €233k | €227k | €202k | €160k | €143k | ▼ 10.8% |
| Operating cash flow (approximation) | €1.42M | €887k | €442k | €-441k | €282k | ▲ 164% |
| Investment in fixed assets (approximation) | - | €-91k | €-277k | €-143k | €9k | ▲ 106% |
| Change in cash | - | €204k | €-477k | €-518k | €33k | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €139k
Net result €139k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 18.72
Current ratio from 5.23 to 18.72; short-term debt falls from €1.45M to €362k.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-601k
Net result drops to €-601k, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.18M ▲353%
Operating result €1.52M, net result €1.18M, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1984
Ground area
456 m²
Building footprint
149 m²
Volume, LiDAR
710 m³
Parcel 34010A0705/00S002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Tybo NV
since 19842.027.390.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0705/00S002 | Flanders | 456 m² | 1 · 149 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 979 EUR awarded · 857 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 122 EUR | 100 EUR |
| 2024 | 1 | 190 EUR | 113 EUR |
| 2023 | 1 | 103 EUR | 266 EUR |
| 2022 | 1 | 564 EUR | 378 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesTYBO NV28096
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 1,444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-11-1984
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
43221Plumbing work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.