Equity
Equity fell by 63% in 2 years.
Equity fell by 63% in 2 years.
Green is investment, beige is depreciation.
The 2016 accounts came 31 days late. The other nine of the last ten were filed on time.
In July 2024, 4,820 companies had the same profile as T-Construct has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,820 companies, not a prediction for T-Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| T-Construct Rebecq | €93,660 | -€16,484 | 54.8% | - |
| VIGO INVEST Rebecq | €81,804 | -€1,992 | 88.5% | - |
| CDM Construct Genappe | €98,982 | -€1,466 | 89.1% | - |
| MVL CONSTRUCT Colfontaine | €99,501 | -€14,261 | 39.1% | - |
| PROBUILD CONSTRUCTION Manage | €92,113 | -€27,595 | 81.0% | - |
| HENRI Wommelgem | €103,006 | -€6,617 | 56.5% | - |
| CASI Chapelle-lez-Herlaimont | €86,228 | -€8,616 | 73.6% | - |
These companies have the same main activity as T-Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €81,800 and €103,000, founded between 2009 and 2012.
T-Construct files the micro format. That format states no turnover. The gross margin fell from €31,563 in 2011 to -€16,484 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 62% of 10,152 companies in 2025.
Higher than 61% of 9,863 companies in 2025.
Higher than 8% of 9,951 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
93,660 | 166,603 | 208,321 | 191,877 | 231,710 | 145,336 | 107,771 | 61,201 | 40,723 | 38,263 | 35,420 | 60,030 | 72,190 | 36,612 | 40,242 | |
21/28 |
2,705 | - | 1,102 | 2,946 | 5,229 | 4,439 | 12,032 | 16,733 | 12,587 | 14,261 | 6,232 | 18,639 | 30,725 | 2,254 | 1,983 | |
22/27 |
2,705 | - | 1,102 | 2,946 | 5,229 | 4,439 | 12,032 | 16,733 | 12,587 | 14,261 | 6,232 | 18,639 | 30,725 | 2,254 | 1,983 | |
23 |
- | - | 1,102 | 2,449 | 3,795 | 809 | 2,400 | 2,012 | 898 | - | 226 | 451 | - | - | - | |
24 |
2,705 | - | - | 498 | 1,434 | 3,630 | 9,632 | 14,721 | 11,689 | 14,261 | 6,007 | 18,188 | 29,981 | 1,262 | 1,983 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | 744 | 992 | - | |
29/58 |
90,955 | 166,603 | 207,219 | 188,931 | 226,481 | 140,897 | 95,739 | 44,468 | 28,136 | 24,002 | 29,188 | 41,391 | 41,465 | 34,358 | 38,259 | |
3 |
- | - | 3,545 | - | - | - | - | - | - | 1,963 | - | - | - | - | - | |
30/36 |
- | - | 3,545 | - | - | - | - | - | - | 1,963 | - | - | - | - | - | |
40/41 |
51,757 | 73,895 | 77,617 | 72,897 | 137,005 | 27,074 | 33,938 | 28,639 | 17,777 | 12,177 | 24,143 | 7,309 | 7,872 | 6,979 | 8,718 | |
40 |
45,694 | 21,483 | 48,660 | 70,441 | 65,005 | 4,588 | 28,812 | 25,556 | 16,491 | 11,213 | 23,262 | 7,094 | 3,057 | 4,347 | 5,406 | |
41 |
6,063 | 52,412 | 28,957 | 2,456 | 72,000 | 22,486 | 5,126 | 3,083 | 1,286 | 964 | 881 | 216 | 4,815 | 2,632 | 3,312 | |
54/58 |
39,198 | 92,708 | 126,057 | 116,034 | 89,475 | 113,823 | 61,801 | 15,829 | 10,360 | 9,438 | 5,045 | 33,415 | 33,593 | 27,379 | 29,541 | |
490/1 |
- | - | - | - | - | - | - | - | - | 424 | - | 666 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
93,660 | 166,603 | 208,321 | 191,877 | 231,710 | 145,336 | 107,771 | 61,201 | 40,723 | 38,263 | 35,420 | 60,030 | 72,190 | 36,612 | 40,242 | |
10/15 |
51,344 | 72,302 | 138,440 | 137,954 | 137,491 | 94,734 | 91,573 | 44,766 | 21,760 | 13,432 | 16,192 | 20,320 | 33,082 | 31,423 | 24,240 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | |
13 |
44,610 | 44,610 | 111,110 | 111,110 | 111,110 | 68,360 | 68,360 | 21,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
133 |
44,610 | 44,610 | 111,110 | 109,250 | 109,250 | 66,500 | 66,500 | 20,000 | - | - | - | - | - | - | - | |
14 |
534 | 21,492 | 21,130 | 20,644 | 20,181 | 20,174 | 17,013 | 16,706 | 13,700 | 5,372 | 8,132 | 12,260 | 25,022 | 23,363 | 16,180 | |
17/49 |
42,316 | 94,301 | 69,881 | 53,923 | 94,219 | 50,603 | 16,198 | 16,436 | 18,963 | 24,832 | 19,228 | 39,710 | 39,107 | 5,189 | 16,002 | |
17 |
- | - | - | - | - | - | - | - | 7,437 | 15,755 | 8,677 | 17,816 | 26,655 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | 7,437 | 15,755 | 8,677 | 17,816 | 26,655 | - | - | |
42/48 |
42,316 | 94,301 | 69,881 | 53,923 | 94,219 | 50,603 | 16,198 | 16,436 | 11,526 | 9,076 | 10,551 | 21,894 | 12,452 | 5,189 | 14,802 | |
42 |
- | - | - | - | - | - | 3,082 | 7,581 | 8,318 | 8,663 | 9,139 | 8,839 | 8,549 | - | - | |
44 |
25,645 | 18,362 | 61,913 | 41,899 | 81,470 | 44,910 | 8,655 | 3,731 | 2,607 | 282 | 985 | 12,055 | 2,424 | 1,357 | 4,936 | |
440/4 |
25,645 | 18,362 | 61,913 | 41,899 | 81,470 | 44,910 | 8,655 | 3,731 | 2,607 | 282 | 985 | 12,055 | 2,424 | 1,357 | 4,936 | |
45 |
1,498 | 1,498 | 941 | 7,852 | 8,209 | - | - | 3,364 | 103 | 131 | 137 | 61 | 995 | 3,187 | 9,866 | |
450/3 |
1,498 | 1,498 | 941 | 7,852 | 8,209 | - | - | 103 | 103 | 131 | 137 | 61 | 995 | 3,187 | 9,866 | |
454/9 |
- | - | - | - | - | - | - | 3,261 | - | - | - | - | - | - | - | |
47/48 |
15,173 | 74,441 | 7,027 | 4,172 | 4,540 | 5,693 | 4,461 | 1,760 | 498 | - | 291 | 939 | 484 | 645 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,200 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 133,128 | 145,103 | |
9900 |
-16,484 | 4,008 | 4,969 | 5,759 | 65,215 | 13,030 | 73,886 | 40,758 | 14,743 | 9,265 | 9,924 | 1,692 | 17,050 | 12,495 | 31,563 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 120,633 | 113,539 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 915 | |
630 |
1,136 | 1,102 | 1,844 | 2,283 | 3,249 | 6,836 | 10,908 | 8,839 | 4,511 | 9,797 | 12,407 | 12,613 | 12,612 | 1,587 | 2,416 | |
640/8 |
496 | 1,446 | 811 | 809 | 608 | 912 | 909 | 646 | 610 | 1,043 | 946 | 929 | 1,171 | 525 | 293 | |
9901 |
-18,117 | 1,460 | 2,314 | 2,668 | 61,358 | 5,282 | 62,068 | 31,272 | 9,622 | -1,575 | -3,428 | -11,851 | 3,267 | 10,383 | 27,939 | |
75/76B |
- | 1,459 | - | - | 3 | 490 | 3,409 | 77 | 171 | 430 | 212 | 415 | 1,148 | 56 | - | |
75 |
- | 1,459 | - | - | 3 | 490 | 3,409 | 77 | 171 | 430 | 212 | 415 | 1,148 | 56 | - | |
65/66B |
2,710 | 1,059 | 786 | 1,435 | 1,520 | 899 | 365 | 892 | 1,362 | 1,034 | 829 | 1,255 | 1,750 | 83 | 33 | |
65 |
2,710 | 1,059 | 786 | 1,435 | 1,520 | 899 | 365 | 892 | 1,362 | 1,034 | 829 | 1,255 | 1,750 | 83 | 33 | |
9903 |
-20,826 | 1,860 | 1,529 | 1,233 | 59,840 | 4,874 | 65,112 | 30,457 | 8,431 | -2,180 | -4,046 | -12,691 | 2,665 | 10,356 | 27,907 | |
67/77 |
132 | 1,498 | 1,043 | 770 | 17,083 | 1,713 | 18,305 | 7,451 | 103 | 581 | 82 | 72 | 1,006 | 3,173 | 9,866 | |
9904 |
-20,958 | 362 | 486 | 463 | 42,757 | 3,161 | 46,807 | 23,006 | 8,328 | -2,760 | -4,128 | -12,763 | 1,659 | 7,183 | 18,040 | |
9905 |
-20,958 | 362 | 486 | 463 | 42,757 | 3,161 | 46,807 | 23,006 | 8,328 | -2,760 | -4,128 | -12,763 | 1,659 | 7,183 | 18,040 | |
| Appropriation of the result | ||||||||||||||||
9906 |
534 | 21,492 | 21,130 | 20,644 | 62,931 | 20,174 | 63,513 | 36,706 | 13,700 | 5,372 | 8,132 | 12,260 | 25,022 | 23,363 | 18,040 | |
14P |
21,492 | 21,130 | 20,644 | 20,181 | 20,174 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 66,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 42,750 | - | 46,500 | 20,000 | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 42,750 | - | 46,500 | 20,000 | - | - | - | - | - | - | - | |
694/7 |
- | 66,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | 66,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00272730 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321866 | |
| 31-12-2023 | micro format | 29-06-2024 | 2024-00182953 | |
| 31-12-2022 | micro format | 08-07-2023 | 2023-00217126 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118541 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-31600314 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-34500539 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26200130 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39100063 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-52500550 | |
| 31-12-2015 | full format | 11-07-2016 | 2016-29300179 | |
| 31-12-2014 | full format | 03-08-2015 | 2015-37900090 | |
| 31-12-2013 | full format | 01-07-2014 | 2014-23700376 | |
| 31-12-2012 | full format | 02-08-2013 | 2013-38300533 | |
| 31-12-2011 | full format | 04-07-2012 | 2012-24900018 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -16,980 | 2,563 | 4,158 | 4,951 | 64,607 | 12,119 | 72,977 | 40,112 | 14,133 | 8,222 | 8,979 | 763 | 15,879 | 11,970 | 30,356 | ||
| -19,822 | 1,465 | 2,330 | 2,746 | 46,006 | 9,997 | 57,715 | 31,846 | 12,839 | 7,037 | 8,279 | -150 | 14,271 | 8,770 | 20,457 | ||
| 3,841 | 0 | 0 | 0 | 4,039 | 2,809 | 6,207 | 12,986 | 2,836 | 17,827 | 0 | 1,272 | 41,758 | 1,858 | 4,399 | ||
| -53,510 | -33,349 | 10,023 | 26,559 | -24,348 | 52,022 | 45,971 | 5,470 | 922 | 4,393 | -28,370 | -178 | 6,214 | -2,162 | - | ||
| 48,639 | 72,302 | 137,337 | 135,008 | 132,262 | 90,294 | 79,541 | 28,033 | 16,610 | 14,925 | 18,637 | 19,496 | 29,013 | 29,169 | 23,458 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 7.8% | 19.3% | ||
| 54.8% | 43.4% | 66.5% | 71.9% | 59.3% | 65.2% | 85.0% | 73.1% | 53.4% | 35.1% | 45.7% | 33.8% | 45.8% | 85.8% | 60.2% | ||
| 2.15 | 1.77 | 2.97 | 3.50 | 2.40 | 2.78 | 5.91 | 2.71 | 2.44 | 2.64 | 2.77 | 1.89 | 3.33 | 6.62 | 2.58 | ||
| 2.15 | 1.77 | 2.91 | 3.50 | 2.40 | 2.78 | 5.91 | 2.71 | 2.44 | 2.43 | 2.77 | 1.89 | 3.33 | 6.62 | 2.58 | ||
| 0.82 | 1.30 | 0.50 | 0.39 | 0.69 | 0.53 | 0.18 | 0.37 | 0.87 | 1.85 | 1.19 | 1.95 | 1.18 | 0.17 | 0.66 | ||
| -40.8% | 0.5% | 0.4% | 0.3% | 31.1% | 3.3% | 51.1% | 51.4% | 38.3% | -20.6% | -25.5% | -62.8% | 5.0% | 22.9% | 74.4% | ||
| -22.4% | 0.2% | 0.2% | 0.2% | 18.5% | 2.2% | 43.4% | 37.6% | 20.5% | -7.2% | -11.7% | -21.3% | 2.3% | 19.6% | 44.8% | ||
| -6.27 | 2.42 | 5.29 | 3.45 | 42.49 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 12 days | 14 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 4 days | 16 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,841 | - | - | - | €4,039 |
| €1,136 | €1,102 | €1,844 | €2,283 | €3,249 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €18,117, after a profit of €1,460 in 2024. It is the lowest result since 2011.
Debt's share of the balance-sheet total falls from 56.6% to 45.2%. Equity and debt are lower.
T-Construct has no parent and no holdings in its annual accounts. is the only director. T-Construct shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Radoux 74 registered office 1430 Rebecq 4100102 General construction of residential buildings | 02-11-2010 | 2.196.878.467 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25007E0009/00W003 | 930 m² | 1 · 142 m² | 7.8 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0830.793.419
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