ACTIVE

TIBATO

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Financial year 2025 · closed on 31/12/2025

Net result

-8 k €

-1014.3% YoY

Gross margin

9,5 k €

-28.6% YoY

Equity

129,4 k €

-5.8% YoY

What does TIBATO do?

TIBATO is a Private limited company incorporated in 1992. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Westerlo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.543.647

Incorporation

27/05/1992

Legal form

Private limited company

Registered office

Brugstraat 10
2260 Westerlo · FlandreSee on map

Contributed capital

30 518,33 €

Latest accounts

31/12/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 43320Joinery installation 43320Joinery installation 45422Sale, maintenance and repair of motorcycles and related parts and accessories 25120Manufacture of doors and windows of metal+5

Signals

Solid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	9,5 k €	-28.6%	13,4 k €	-3.6%	13,9 k €	+393%	-4,7 k €	-124%	19,4 k €	-77.2%	84,8 k €	-12.9%	97,4 k €	+3.6%	94,1 k €	+154%	37,1 k €	-76.6%	158,4 k €	+1247%	11,8 k €	-46.5%	22 k €	-10.6%	24,6 k €	-35.3%	38 k €	+4.1%	36,5 k €	+58.8%	23 k €	-68.2%	72,3 k €	+2.3%	70,6 k €	+5.0%	67,3 k €	+95.7%	34,4 k €
EBITDA	7,3 k €	-40.0%	12,2 k €	-10.5%	13,7 k €	+339%	-5,7 k €	-132%	18 k €	-78.1%	81,9 k €	-12.8%	93,9 k €	+3.7%	90,6 k €	+166%	34 k €	-78.1%	155,1 k €	+1500%	9,7 k €	-51.0%	19,8 k €	-9.8%	22 k €	-39.8%	36,5 k €	+6.0%	34,4 k €	+64.2%	21 k €	-70.3%	70,6 k €	+7.6%	65,6 k €	+13.0%	58,1 k €	+74.1%	33,4 k €
Operating result	-8,6 k €	-909%	-848,9 €	-244%	590,6 €	+103%	-18,8 k €	-3098%	626,5 €	-98.4%	38,5 k €	-25.5%	51,7 k €	-6.6%	55,3 k €	+9339%	586,4 €	-99.5%	119,5 k €	+1475%	-8,7 k €	-1724%	535,2 €	-90.9%	5,9 k €	-57.0%	13,7 k €	+24.2%	11 k €	+192%	-11,9 k €	-131%	38 k €	+11.9%	34 k €	-0.7%	34,2 k €	+161%	13,1 k €
Net result	-8 k €	-1014%	-715 €	-293%	371,4 €	+102%	-18,7 k €	-2241%	-799,9 €	-103%	26,6 k €	-29.2%	37,5 k €	-7.0%	40,3 k €	+4103%	-1 k €	-103%	29,7 k €	+422%	-9,2 k €	-295%	4,7 k €	-24.4%	6,3 k €	-58.3%	15 k €	+42.2%	10,5 k €	+175%	-14 k €	-152%	26,8 k €	+20.5%	22,3 k €	-23.4%	29,1 k €	+107%	14,1 k €
Balance sheet
Equity	129,4 k €	-5.8%	137,3 k €	-0.5%	138 k €	+0.3%	137,7 k €	-17.6%	167,1 k €	-50.7%	339,3 k €	+3.8%	327 k €	+13.0%	289,5 k €	+16.4%	248,7 k €	-0.4%	249,7 k €	+54.1%	162,1 k €	-5.4%	171,3 k €	+2.8%	166,6 k €	+3.9%	160,3 k €	+3.9%	154,3 k €	+1.0%	152,8 k €	-8.4%	166,8 k €	+19.1%	140 k €	+18.9%	117,7 k €	+32.8%	88,7 k €
Total assets	182,7 k €	-9.4%	201,7 k €	-4.9%	212 k €	-6.5%	226,7 k €	-16.7%	272,1 k €	-46.5%	508,4 k €	+6.9%	475,4 k €	-2.6%	488,1 k €	+11.4%	438,3 k €	+1.8%	430,6 k €	+128%	188,8 k €	-5.5%	199,8 k €	+9.4%	182,7 k €	-10.5%	204,1 k €	+6.4%	191,8 k €	+4.5%	183,6 k €	-25.9%	247,7 k €	+3.9%	238,4 k €	+11.9%	213,2 k €	+1.4%	210,3 k €
Cash	13 k €	-61.2%	33,4 k €	+8.5%	30,8 k €	-4.7%	32,3 k €	-34.5%	49,3 k €	-61.2%	127,2 k €	+24.8%	101,9 k €	-15.9%	121,2 k €	+96.7%	61,6 k €	+148%	24,8 k €	-69.0%	80 k €	-0.8%	80,6 k €	+61.9%	49,8 k €	-19.2%	61,6 k €	+6.1%	58,1 k €	+3.4%	56,2 k €	-19.6%	69,8 k €	+42.8%	48,9 k €	+474%	8,5 k €	-73.0%	31,5 k €
Debts	35,8 k €	-24.6%	47,5 k €	-15.5%	56,3 k €	-20.1%	70,4 k €	-17.4%	85,2 k €	-42.4%	148,1 k €	+17.3%	126,2 k €	-28.0%	175,4 k €	+8.8%	161,2 k €	+6.8%	151 k €	+465%	26,7 k €	-2.7%	27,4 k €	+70.1%	16,1 k €	-61.8%	42,3 k €	+12.6%	37,5 k €	+21.8%	30,8 k €	-61.6%	80,3 k €	-18.0%	97,9 k €	+4.9%	93,3 k €	-23.3%	121,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-66.7%	0,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

TIM BALLET

Mandate

Active

Ended mandates

FRANK BALLET

Director · until 28 octobre 2021

Ended

FRANK BALLET

Director

Ended

MARIA DE LAET

Director · until 28 octobre 2021

Ended

MARIA DE LAET

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	19/05/2025	26/06/2024	16/06/2023	10/06/2022	23/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	22/05/2026	Dutch	PDF
Micro model	31/12/2024	05/05/2025	19/05/2025	Dutch	PDF
Micro model	31/12/2023	06/05/2024	26/06/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	16/06/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	10/06/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	27/05/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 7 ended

Active mandates

TIM BALLET

Mandate

Active

Ended mandates

FRANK BALLET

Director · until 28 octobre 2021

Ended

FRANK BALLET

Director

Ended

MARIA DE LAET

Director · until 28 octobre 2021

Ended

MARIA DE LAET

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring18/11/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2016
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2006
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 2025-8 k €↓
2024
Annual accounts 2024-715 €↓
2023
Annual accounts 2023371,4 €↑
2022
Annual accounts 2022-18,7 k €↓
2021
Annual accounts 2021-799,9 €↓
2020
Annual accounts 202026,6 k €↓
2019
Annual accounts 201937,5 k €↓
2018
Annual accounts 201840,3 k €↑
2017
Annual accounts 2017-1 k €↓
2016
Annual accounts 201629,7 k €↑
2015
Annual accounts 2015-9,2 k €↓
2014
Annual accounts 20144,7 k €↓
2013
Annual accounts 20136,3 k €↓
2012
Annual accounts 201215 k €↑
2011
Annual accounts 201110,5 k €↑
2010
Annual accounts 2010-14 k €↓
2009
Annual accounts 200926,8 k €↑
2008
Annual accounts 200822,3 k €↓
2007
Annual accounts 200729,1 k €↑
2006
Annual accounts 200614,1 k €
27/05/1992
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

TIBATO

Overview

What does TIBATO do?

Trend over 20 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