CONSTRUCT -TIM
ActiveSummary
CONSTRUCT -TIM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €440,899 and a net result of €241,655. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 1295 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+5
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.79 against 1.9 in 2023; short-term debt: 25% and cash: 58% of total assets), and 25.2% of the assets are financed with debt.
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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 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 · 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 2024Solvency, return and age of the figures
Solvency
74.8%
Return on assets
41%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
13 d early
2022
21 d late
2021
31 d early
2020
31 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€241,655▲ 189%
2023 · €83,493
Working capital
€410,584▲ 134%
2023 · €175,336
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€56,687▼ 297%€23,642€123,310▲ 422%€111,818▼ 9.3%€321,525▲ 188%
Net result-€59,293below the sector's middle half€23,647within the sector's middle half€97,630within the sector's middle half▲ 313%€83,493within the sector's middle half▼ 14.5%€241,655above the sector's middle half▲ 189%
Equity€64,474within the sector's middle half▼ 47.9%€83,121within the sector's middle half▲ 28.9%€115,751within the sector's middle half▲ 39.3%€199,244within the sector's middle half▲ 72.1%€440,899within the sector's middle half▲ 121%
Total assets€268,498within the sector's middle half▼ 10.5%€300,470within the sector's middle half▲ 11.9%€397,552within the sector's middle half▲ 32.3%€398,732within the sector's middle half▲ 0.3%€589,443within the sector's middle half▲ 47.8%
Debt€204,024▲ 15.7%€217,349▲ 6.5%€281,801▲ 29.7%€199,488▼ 29.2%€148,544▼ 25.5%
Working capital€6,581within the sector's middle half▼ 89.6%€36,847within the sector's middle half▲ 460%€88,616within the sector's middle half▲ 140%€175,336within the sector's middle half▲ 97.9%€410,584within the sector's middle half▲ 134%
Solvency24.0%within the sector's middle half▼ 17.2pp27.7%within the sector's middle half▲ 3.7pp29.1%within the sector's middle half▲ 1.5pp50.0%within the sector's middle half▲ 20.9pp74.8%above the sector's middle half▲ 24.8pp
Current ratio1.03below the sector's middle half▼ 0.371.17within the sector's middle half▲ 0.141.32within the sector's middle half▲ 0.151.90within the sector's middle half▲ 0.573.79above the sector's middle half▲ 1.89
Return on assets (ROA)-22.1%below the sector's middle half▼ 22.2pp7.9%within the sector's middle half▲ 30.0pp24.6%above the sector's middle half▲ 16.7pp20.9%above the sector's middle half▼ 3.6pp41.0%above the sector's middle half▲ 20.1pp
Staff (FTE)12above the sector's middle half▲ 20.0%14.5within the sector's middle half▲ 20.8%16.8within the sector's middle half▲ 15.9%16.6within the sector's middle half▼ 1.2%15.8within the sector's middle half▼ 4.8%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 188% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €589,443
Fixed assets
€31,653 ▲ 13.5%
Current assets
€557,790 ▲ 50.4%
Equity and liabilities €589,443
Equity
€440,899 ▲ 121%
Debt
€148,544 ▼ 25.5%
Debt's share of the balance-sheet total falls from 50.0% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€332,034▲
2023 · €125,875
Cash flow
€252,164▲
2023 · €97,551
Quick ratio
3.04▲
2023 · 1.90
Debt to equity
0.34▼
2023 · 1.00
ROE
54.8%▲
2023 · 41.9%
Interest coverage
60.19▲
2023 · 16.81
Debt ≤ 1 year
€147,206▼
2023 · €195,501
Debt > 1 year
€1,337▼
2023 · €3,987
Income taxes
€86,172▲
2023 · €25,204
Staff costs
€665,445▼
2023 · €724,328
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €566,871 | €673,684 | €724,328 | €665,445 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,509 | €28,543 | €21,536 | €14,058 | €10,509 | ▼ 25.2% |
| Other operating charges640/8 | - | €5,297 | €10,017 | €1,694 | €1,532 | ▼ 9.5% |
| Gross operating margin9900 | €386,454 | €624,353 | €828,547 | €851,898 | €999,011 | ▲ 17.3% |
| Operating profit (loss)9901 | -€56,687 | €23,642 | €123,310 | €111,818 | €321,525 | ▲ 188% |
| Financial income75/76B | - | €3,911 | €14,891 | €4,367 | €11,819 | ▲ 171% |
| Recurring financial income75 | €60 | €3,911 | €14,891 | €4,367 | €11,819 | ▲ 171% |
| Financial charges65/66B | - | €2,751 | €3,685 | €7,488 | €5,517 | ▼ 26.3% |
| Recurring financial charges65 | €2,666 | €2,751 | €3,685 | €7,488 | €5,517 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | -€59,293 | €24,802 | €134,516 | €108,697 | €327,827 | ▲ 202% |
| Income taxes67/77 | - | €1,155 | €36,886 | €25,204 | €86,172 | ▲ 242% |
| Profit (loss) for the period9904 | -€59,293 | €23,647 | €97,630 | €83,493 | €241,655 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | -€59,293 | €23,647 | €97,630 | €83,493 | €241,655 | ▲ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268,498 | €300,470 | €397,552 | €398,732 | €589,443 | ▲ 47.8% |
| Fixed assets21/28 | €64,150 | €48,825 | €33,738 | €27,895 | €31,653 | ▲ 13.5% |
| Intangible fixed assets21 | €31,806 | €22,723 | €4,509 | - | - | - |
| Tangible fixed assets22/27 | €27,326 | €21,083 | €24,211 | €22,876 | €26,134 | ▲ 14.2% |
| Plant, machinery and equipment23 | - | €18,450 | €12,560 | €7,667 | €12,636 | ▲ 64.8% |
| Furniture and vehicles24 | - | €2,633 | €11,651 | €14,871 | €13,242 | ▼ 11.0% |
| Other tangible fixed assets26 | - | - | - | €338 | €256 | ▼ 24.4% |
| Financial fixed assets28 | €5,019 | €5,019 | €5,019 | €5,019 | €5,519 | ▲ 10.0% |
| Current assets29/58 | €204,348 | €251,645 | €363,814 | €370,837 | €557,790 | ▲ 50.4% |
| Stocks and contracts in progress3 | €65,778 | €140,000 | - | - | €110,000 | - |
| Stocks30/36 | - | €140,000 | - | - | €110,000 | - |
| Amounts receivable within one year40/41 | €117,786 | €61,171 | €226,556 | €20,412 | €97,640 | ▲ 378% |
| Trade receivables40 | - | €18,093 | €192,556 | €20,197 | €46,894 | ▲ 132% |
| Other amounts receivable41 | - | €43,078 | €34,000 | €215 | €50,746 | ▲ 23,549% |
| Cash at bank and in hand54/58 | €20,784 | €50,474 | €131,838 | €342,026 | €341,889 | = |
| Deferred charges and accrued income490/1 | - | - | €5,420 | €8,400 | €8,261 | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268,498 | €300,470 | €397,552 | €398,732 | €589,443 | ▲ 47.8% |
| Equity10/15 | €64,474 | €83,121 | €115,751 | €199,244 | €440,899 | ▲ 121% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €1,860 | €21,860 | €106,860 | €106,860 | €106,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €20,000 | €105,000 | €105,000 | €105,000 | = |
| Profit (loss) carried forward14 | €54,614 | €53,261 | €891 | €84,384 | €326,039 | ▲ 286% |
| Amounts payable17/49 | €204,024 | €217,349 | €281,801 | €199,488 | €148,544 | ▼ 25.5% |
| Amounts payable after more than one year17 | €6,257 | €2,551 | €6,603 | €3,987 | €1,337 | ▼ 66.5% |
| Financial debts170/4 | - | €2,551 | €6,603 | €3,987 | €1,337 | ▼ 66.5% |
| Amounts payable within one year42/48 | €197,767 | €214,798 | €275,198 | €195,501 | €147,206 | ▼ 24.7% |
| Current portion of amounts payable after more than one year42 | - | €15,443 | €2,583 | €11,041 | €10,983 | ▼ 0.5% |
| Trade debts44 | €81,411 | €106,525 | €102,177 | €100,676 | €83,938 | ▼ 16.6% |
| Suppliers440/4 | - | €106,525 | €102,177 | €100,676 | €83,938 | ▼ 16.6% |
| Taxes, remuneration and social security45 | - | €89,330 | €122,445 | €82,473 | €52,285 | ▼ 36.6% |
| Taxes450/3 | - | €38,267 | €71,407 | €32,797 | €2,969 | ▼ 90.9% |
| Remuneration and social security454/9 | - | €51,062 | €51,038 | €49,676 | €49,317 | ▼ 0.7% |
| Other amounts payable47/48 | - | €3,500 | €47,993 | €1,311 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,293 | €23,647 | €97,630 | €83,493 | €241,655 | ▲ 189% |
| + Depreciation and write-downs630 | €35,509 | €28,543 | €21,536 | €14,058 | €10,509 | ▼ 25.2% |
| Operating cash flow (approximation) | -€23,784 | €52,190 | €119,166 | €97,551 | €252,164 | ▲ 158% |
| Investment in fixed assets (approximation) | - | -€13,218 | -€6,449 | -€8,215 | -€14,267 | ▼ 73.7% |
| Change in cash | - | €29,690 | €81,364 | €210,188 | -€137 | ▼ 100% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €241,655 ▲189%
Operating result €321,525, net result €241,655, both a record.
31-12
Financial
Equity above €200,000Eq €440,899 ▲121%
4 profitable years in a row build equity to €440,899.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150,000Eq €199,244 ▲72.1%
3 profitable years in a row build equity to €199,244.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Equity above €100,000Eq €115,751 ▲39.3%
2 profitable years in a row build equity to €115,751.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €23,647
Net result €23,647 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€59,293
Net result drops to -€59,293, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Andenne · 1 establishment unit since 2008
Ground area
2,051 m²
Building footprint
183 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Construct-Tim
since 20082.170.515.352
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92018D0193/00B002 | Wallonia | 1,321 m² | 1 · 79 m² | - |
| 92081A0065/00P002 | Wallonia | 730 m² | 1 · 104 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
18 categoriesCONSTRUCT -TIM SRL42320
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 9,729 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
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43230Insulation installation
43910Bricklaying and masonry work
81300Landscape service activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897517739
Also
9925:BE0897517739
Registered
30-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.