Financials
Financial year 2025
TIBO from Torhout, company number BE0425757546, closed financial year 2025 with a result of € 4,577 after tax. For that financial year TIBO recorded a gross margin of € 177,697 and equity of € 500,914. Compared with financial year 2024, the result moved from € -11,193 to € 4,577. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 500,914
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,577
▲ still € 11,193 loss in 2024
Profit after tax over the fiscal year.
€ 99,326
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 152,233.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 123,655
▲ 10% vs 2024
€ 61,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,157
▲ € 27,021 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 29,496
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,537
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 186,955 | € 185,049 | € 144,593 | € 177,697 | ▲ 23% |
| Profit after taxes | € 7,306 | € -2,050 | € -11,193 | € 4,577 | ▲ € 15,770 |
| Equity | € 509,580 | € 507,530 | € 496,337 | € 500,914 | ▲ 1% |
| Total debts | € 227,648 | € 224,630 | € 204,374 | € 233,021 | ▲ 14% |
| Cash | € 51,245 | € 51,761 | € 101,542 | € 99,326 | ▼ 2% |
| Land & buildings | € 318,687 | € 299,078 | € 279,468 | € 259,859 | ▼ 7% |
| Retained profit | € 160,899 | € 158,848 | € 147,656 | € 152,233 | ▲ 3% |
| Balance sheet total | € 755,066 | € 748,726 | € 716,147 | € 748,239 | ▲ 4% |
| Employees (FTE) | 3 | 2.8 | 2 | 2 |
Key figures of TIBO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TIBO?
What happened at TIBO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,577. Source: NBB ↗
- Gilbert Verhaeghe became a director. NBB
- Davy Verhaeghe became a director. NBB
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,306 profit in 2022 to € 4,577 profit in 2025.
Paid € 8,728 in corporate taxes since 2022.
Best year ever: 2022, with € 7,306 profit.
On average € 88,800 of value added per employee in 2025.
Management
Behind TIBO are Gilbert Verhaeghe and Davy Verhaeghe.
Directors
According to the 2025 annual accounts
Gilbert Verhaeghe
Director
since 2023
Davy Verhaeghe
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Atelierstraat 18
8820 Torhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.757.546
- VAT number
- BE 0425.757.546
- Registered office
- Atelierstraat 18, 8820 Torhout
- Names & denominations
- TIBO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 1984
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
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