TYVAERT
ActiveSummary
TYVAERT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €13k. Equity is shrinking by ~38.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+40
Solvency46▲+32
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 1.28 in 2024; short-term debt: 28.7% and cash: 36.6% of total assets), but 78.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
21.1%
Return on assets
29.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
79 d early
2023
31 d late
2022
30 d late
2021
28 d late
2020
31 d late
2019
29 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k
2024 · €-4k
Total assets
€45k▲ 30.6%
2024 · €34k
Net result
€13k▲ 1,380%
2024 · €891
Working capital
€23k▲ 450%
2024 · €4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10k▲ 136%€5k▼ 54.5%€4k▼ 19.1%€6k▲ 60.8%€24k▲ 310%
Net result€-37▲ 98.3%€-2k▼ 5,481%€-4k▼ 105%€891€13k▲ 1,380%
Equity€2k▼ 2.1%€-379€-5k▼ 1,120%€-4k▲ 19.3%€9k
Total assets€57k▼ 23.5%€68k▲ 18.1%€64k▼ 5.7%€34k▼ 46.2%€45k▲ 30.6%
Debt€56k▼ 24.0%€68k▲ 22.4%€68k▲ 0.6%€38k▼ 44.4%€35k▼ 7.0%
Working capital€-3k▲ 48.6%€-6k▼ 92.7%€-2k▲ 65.6%€4k€23k▲ 450%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 310% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€9k ▼ 40.2%
Current assets
€35k ▲ 91.4%
Equity and liabilities €45k
Equity
€9k
Debt
€35k
Debt finances 78.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€30k▲
2024 · €13k
Cash flow
€20k▲
2024 · €8k
Current ratio
2.75▲
2024 · 1.28
Quick ratio
2.30▲
2024 · 1.02
Debt to equity
3.74▲
2024 · -10.21
ROE
139.5%
ROA
29.4%▲
2024 · 2.6%
Interest coverage
10.37▲
2024 · 4.51
Debt ≤ 1 year
€13k▼
2024 · €14k
Debt > 1 year
€21k▼
2024 · €24k
Income taxes
€8k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €826 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €5k | €11k | €7k | €6k | ▼ 4.8% |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €860 | ▼ 38.6% |
| Non-recurring operating charges66A | - | - | - | €9k | - | - |
| Gross operating margin9900 | €21k | €12k | €16k | €23k | €31k | ▲ 37.2% |
| Operating profit (loss)9901 | €10k | €5k | €4k | €6k | €24k | ▲ 310% |
| Financial income75/76B | - | €1k | - | - | - | - |
| Recurring financial income75 | - | €1k | - | - | - | - |
| Financial charges65/66B | €8k | €6k | €6k | €3k | €3k | ▲ 5.3% |
| Recurring financial charges65 | €8k | €6k | €6k | €3k | €3k | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €2k | €-799 | €-3k | €3k | €21k | ▲ 586% |
| Income taxes67/77 | €2k | €1k | €1k | €2k | €8k | ▲ 262% |
| Profit (loss) for the period9904 | €-37 | €-2k | €-4k | €891 | €13k | ▲ 1,380% |
| Profit (loss) for the period to be appropriated9905 | €-37 | €-2k | €-4k | €891 | €13k | ▲ 1,380% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €68k | €64k | €34k | €45k | ▲ 30.6% |
| Fixed assets21/28 | €7k | €32k | €33k | €16k | €9k | ▼ 40.2% |
| Intangible fixed assets21 | €1k | €1k | €800 | €0 | - | - |
| Tangible fixed assets22/27 | €4k | €29k | €31k | €16k | €9k | ▼ 40.2% |
| Plant, machinery and equipment23 | €4k | €1k | €9k | €374 | - | - |
| Furniture and vehicles24 | - | €27k | €21k | €15k | €9k | ▼ 38.7% |
| Financial fixed assets28 | €2k | €2k | €2k | - | - | - |
| Current assets29/58 | €50k | €36k | €31k | €18k | €35k | ▲ 91.4% |
| Amounts receivable after more than one year29 | €23k | - | - | - | - | - |
| Other amounts receivable291 | €23k | - | - | - | - | - |
| Stocks and contracts in progress3 | €10k | €9k | €10k | €4k | €6k | ▲ 55.6% |
| Stocks30/36 | €10k | €9k | €10k | €0 | - | - |
| Contracts in progress37 | - | - | - | €4k | €6k | ▲ 55.6% |
| Amounts receivable within one year40/41 | €17k | €25k | €19k | €9k | €11k | ▲ 24.4% |
| Trade receivables40 | €9k | €11k | €9k | - | €3k | - |
| Other amounts receivable41 | €7k | €14k | €10k | €9k | €9k | ▼ 3.1% |
| Cash at bank and in hand54/58 | €404 | €1k | €1k | €5k | €16k | ▲ 246% |
| Deferred charges and accrued income490/1 | €283 | €407 | €623 | €821 | €2k | ▲ 109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €68k | €64k | €34k | €45k | ▲ 30.6% |
| Equity10/15 | €2k | €-379 | €-5k | €-4k | €9k | ▲ 353% |
| Contributions10/11 | €18k | €18k | €18k | €18k | €18k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €849 | €849 | €849 | €849 | €849 | = |
| Profit (loss) carried forward14 | €-19k | €-21k | €-25k | €-24k | €-11k | ▲ 54.8% |
| Investment grants15 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €56k | €68k | €68k | €38k | €35k | ▼ 7.0% |
| Amounts payable after more than one year17 | - | €25k | €31k | €24k | €21k | ▼ 11.9% |
| Other amounts payable178/9 | - | €25k | €31k | €24k | €21k | ▼ 11.9% |
| Amounts payable within one year42/48 | €53k | €42k | €33k | €14k | €13k | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | - | - | - |
| Financial debts43 | €45k | €39k | €25k | - | - | - |
| Credit institutions430/8 | €45k | €39k | €25k | - | - | - |
| Trade debts44 | €2k | €2k | €7k | €11k | €4k | ▼ 64.0% |
| Suppliers440/4 | €2k | €2k | €7k | €11k | €4k | ▼ 64.0% |
| Advances received on contracts in progress46 | - | - | - | €796 | €796 | = |
| Taxes, remuneration and social security45 | €3k | €1k | €1k | €2k | €8k | ▲ 265% |
| Taxes450/3 | €3k | €1k | €1k | €2k | €8k | ▲ 265% |
| Accrued charges and deferred income492/3 | €2k | €1k | €5k | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37 | €-2k | €-4k | €891 | €13k | ▲ 1,380% |
| + Depreciation and write-downs630 | €9k | €5k | €11k | €7k | €6k | ▼ 4.8% |
| Operating cash flow (approximation) | €9k | €3k | €7k | €8k | €20k | ▲ 158% |
| Investment in fixed assets (approximation) | - | €-30k | €-12k | €11k | €0 | ▼ 100% |
| Change in cash | - | €833 | €0 | €3k | €12k | ▲ 234% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €13k ▲1,380%
Operating result €24k, net result €13k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.28 to 2.75; short-term debt falls from €14k to €13k.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €891
Net result €891 after 6 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
28-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Veurne · 1 establishment unit since 1993
Ground area
2,747 m²
Building footprint
930 m²
Volume, LiDAR
6,520 m³
Parcel 38025C0086/00W007, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TYVAERT BVBA
since 19932.063.506.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0086/00W007 | Flanders | 2,747 m² | 1 · 930 m² | 8.9 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.
Similar companies · same sector, comparable size
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BE 0750.585.307
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END UP
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DEFRAL
BE 1002.851.623
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AMO ELEKTROTECHNIEKEN
BE 0797.617.538
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 5,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-08-1993
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.