ACTIVE

TIBO

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Financial year 2025 · closed on 30/06/2025

Net result

4,6 k €

+140.9% YoY

Gross margin

177,7 k €

+22.9% YoY

Equity

500,9 k €

+0.9% YoY

Workforce

2,0 ETP

0.0% YoY

What does TIBO do?

TIBO is a Private limited company incorporated in 1984. Its main activity is: Construction of buildings. Its registered office is in Torhout. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.757.546

Incorporation

25/04/1984

Legal form

Private limited company

Registered office

Atelierstraat 18
8820 Torhout · FlandreSee on map

Contributed capital

348 681,28 €

Latest accounts

30/06/2025

Average workforce

2,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43320Joinery installation 43320Joinery installation 45211Maintenance and repair of motor vehicles 45421Sale, maintenance and repair of motorcycles and related parts and accessories+3

Joint committees (2)

124
12400

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	177,7 k €	+22.9%	144,6 k €	-21.9%	185 k €	-1.0%	187 k €	+4.6%	178,8 k €	-28.9%	251,3 k €	-13.7%	291,2 k €	+34.8%	216,1 k €	-4.1%	225,3 k €	-2.5%	231,2 k €	-15.2%	272,5 k €	+61.9%	168,3 k €	-48.3%	325,4 k €	+8.4%	300 k €	+10.7%	271 k €	+8.4%	249,9 k €	+17.3%	213 k €	+11.1%	191,8 k €
EBITDA	45,9 k €	+90.9%	24 k €	-48.0%	46,2 k €	-21.0%	58,5 k €	+0.2%	58,4 k €	-39.6%	96,6 k €	-31.0%	140 k €	+86.8%	74,9 k €	+34.2%	55,8 k €	+5.3%	53 k €	+55.9%	34 k €	+19.7%	28,4 k €	-45.6%	52,2 k €	+49.0%	35,1 k €	-12.6%	40,1 k €	-17.0%	48,3 k €	+79.7%	26,9 k €	-6.8%	28,9 k €
Operating result	18,2 k €	+1178%	-1,7 k €	-124%	7 k €	-64.5%	19,7 k €	+24.3%	15,9 k €	-72.5%	57,6 k €	-49.3%	113,7 k €	+210%	36,7 k €	+46.6%	25 k €	-11.2%	28,2 k €	+75.2%	16,1 k €	-10.0%	17,9 k €	-54.0%	38,9 k €	+119%	17,8 k €	+10.3%	16,1 k €	-31.8%	23,6 k €	+274%	6,3 k €	+170%	2,3 k €
Net result	4,6 k €	+141%	-11,2 k €	-446%	-2,1 k €	-128%	7,3 k €	+126%	3,2 k €	-87.8%	26,6 k €	-63.5%	72,9 k €	+444%	13,4 k €	+47.7%	9,1 k €	+25.1%	7,3 k €	-28.7%	10,2 k €	-15.1%	12 k €	+12.5%	10,6 k €	+4.0%	10,2 k €	-31.3%	14,9 k €	-30.9%	21,5 k €	+209%	7 k €	-16.6%	8,3 k €
Balance sheet
Equity	500,9 k €	+0.9%	496,3 k €	-2.2%	507,5 k €	-0.4%	509,6 k €	+1.0%	504,5 k €	+0.5%	502 k €	+5.4%	476,2 k €	+17.9%	403,9 k €	+3.4%	390,6 k €	+2.4%	381,5 k €	+1.9%	374,2 k €	-6.4%	399,6 k €	+3.1%	387,6 k €	+2.8%	377 k €	+2.8%	366,8 k €	+4.2%	351,9 k €	+6.5%	330,4 k €	+2.2%	323,4 k €
Total assets	748,2 k €	+4.5%	716,1 k €	-4.4%	748,7 k €	-0.8%	755,1 k €	+2.0%	740,4 k €	-5.1%	780,2 k €	+3.5%	753,7 k €	-20.1%	943,8 k €	-2.1%	963,7 k €	+2.4%	941,5 k €	+12.1%	839,6 k €	+22.6%	684,7 k €	-23.5%	894,6 k €	+49.3%	599,2 k €	+8.7%	551,2 k €	+2.5%	538 k €	+4.1%	516,7 k €	-8.3%	563,5 k €
Cash	99,3 k €	-2.2%	101,5 k €	+96.2%	51,8 k €	+1.0%	51,2 k €	-43.8%	91,2 k €	+176%	33 k €	-59.8%	82,1 k €	+34.9%	60,9 k €	+5.2%	57,8 k €	+337%	13,2 k €	+157%	5,1 k €	-96.9%	166,8 k €	-8.7%	182,7 k €	+287%	47,2 k €	-57.0%	109,7 k €	+60.7%	68,3 k €	-13.1%	78,5 k €	+500%	13,1 k €
Debts	220 k €	+14.1%	192,9 k €	-10.6%	215,7 k €	-1.7%	219,4 k €	+7.9%	203,3 k €	-16.0%	242 k €	+3.6%	233,5 k €	-54.9%	518,2 k €	-5.6%	549 k €	+1.9%	538,6 k €	+19.7%	450 k €	+66.8%	269,8 k €	-46.0%	499,6 k €	+131%	216,5 k €	+21.0%	178,9 k €	-1.4%	181,5 k €	-0.3%	182,1 k €	-22.3%	234,3 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP		–		3,0 ETP	-18.9%	3,7 ETP	-15.9%	4,4 ETP	-12.0%	5,0 ETP	0.0%	5,0 ETP	-16.7%	6,0 ETP	0.0%	6,0 ETP	+9.1%	5,5 ETP	+10.0%	5,0 ETP	0.0%	5,0 ETP	-2.0%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Davy Verhaeghe

Director · since 17 avril 2023

Active

Gilbert Verhaeghe

Director · since 17 avril 2023

Active

Ended mandates

Davy Verhaeghe

Director · since 01 juillet 2012

Ended

Davy Verhaeghe

Manager · since 01 juillet 2012

Ended

Gilbert Verhaeghe

Director · since 24 décembre 1997

Ended

Gilbert Verhaeghe

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	29/01/2024	27/01/2023	30/11/2021	23/12/2020
General meeting	31/12/2025	05/10/2024	07/10/2023	31/12/2022	02/10/2021	21/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	05/10/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	07/10/2023	29/01/2024	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	27/01/2023	Dutch	PDF
Abridged model	30/06/2021	02/10/2021	30/11/2021	Dutch	PDF
Abridged model	30/06/2020	21/12/2020	23/12/2020	Dutch	PDF
Abridged model	30/06/2019	30/10/2019	29/11/2019	Dutch	PDF
Micro model	30/06/2018	30/10/2018	03/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/10/2017	08/12/2017	Dutch	PDF
Abridged model	30/06/2016	10/11/2016	24/11/2016	Dutch	PDF
Abridged model	30/06/2015	15/12/2015	22/12/2015	Dutch	PDF
Abridged model	30/06/2014	30/11/2014	11/12/2014	Dutch	PDF
Abridged model	30/06/2013	15/10/2013	17/10/2013	Dutch	PDF
Abridged model	30/06/2012	31/08/2012	25/09/2012	Dutch	PDF
Abridged model	30/06/2011	27/10/2011	07/11/2011	Dutch	PDF
Abridged model	30/06/2010	08/12/2010	15/12/2010	Dutch	PDF
Abridged model	30/06/2009	27/10/2009	29/10/2009	Dutch	PDF
Abridged model	30/06/2008	08/12/2008	18/12/2008	Dutch	PDF
Abridged model	30/06/2007	07/11/2007	29/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Davy Verhaeghe

Director · since 17 avril 2023

Active

Gilbert Verhaeghe

Director · since 17 avril 2023

Active

Ended mandates

Davy Verhaeghe

Director · since 01 juillet 2012

Ended

Davy Verhaeghe

Manager · since 01 juillet 2012

Ended

Gilbert Verhaeghe

Director · since 24 décembre 1997

Ended

Gilbert Verhaeghe

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/07/2014
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2007
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20254,6 k €↑
2024
Annual accounts 2024-11,2 k €↓
2023
Annual accounts 2023-2,1 k €↓
2022
Annual accounts 20227,3 k €↑
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 201926,6 k €↓
2018
Annual accounts 201872,9 k €↑
2017
Annual accounts 201713,4 k €↑
2016
Annual accounts 20169,1 k €↑
2015
Annual accounts 20157,3 k €↓
2014
Annual accounts 201410,2 k €↓
2013
Annual accounts 201312 k €↑
2012
Annual accounts 201210,6 k €↑
2011
Annual accounts 201110,2 k €↓
2010
Annual accounts 201014,9 k €↓
2009
Annual accounts 200921,5 k €↑
2008
Annual accounts 20087 k €↓
2007
Annual accounts 20078,3 k €
25/04/1984
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TIBO

Overview

What does TIBO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline