Turnover
≈ €57,000 estimated
The accounts state no turnover.
T. CONSTRUCT
Overview
Lifetime
2 annual accounts with figures on one time axispeak €31,428 (2024)
€4,753▼ 84.9%
lowest -€14,454 (2025)
-€14,454▼ €35,468
peak €26,155 (2024)
€11,701▼ 55.3%
€51,454▲ 46.2%
Board1 name since 2024
1 directorTONNARD Raphaël Benoît Aldo
Documentsfilings and deeds
12-10-202673 days late
2025abbreviated format
Gross margin from €31,428 to €4,753Loss of €14,454Equity from €26,155 to €11,701Debts from €35,184 to €51,454Cash from €10,375 to €15,571
Key points
from the 2025 annual accountsDebts
€51,454 81% of the balance sheet
Financial debts 27%Suppliers 54%Taxes and wages 10%Other 10%
Of this, €37,591 falls due within a year.
Investments
€13,167 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 218.3% higher than in 2024.
Liquidity
0.86 was 2.15 in 2024
Short-term debts rose from €16,391 to €37,591.
Starting capital
€6,000 100 shares
Position in the sector
€11,701
Less equity than 84% of companies in construction of buildings. Sector median €194,417 · 2,815 companies.
2025 accounts filed 73 days after the deadline
Checked score
36
Weak
Financially stronger than 22% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 3.6%
04-2025: 3.6%● unchanged vs 03-2025
05-2025: 3.7%▲ +0.1 percentage points vs 04-2025
06-2025: 4.0%▲ +0.3 percentage points vs 05-2025
07-2025: 4.2%▲ +0.2 percentage points vs 06-2025
08-2025: 4.5%▲ +0.3 percentage points vs 07-2025
09-2025: 2.2%▼ -2.3 percentage points vs 08-2025lowest value
10-2025: 2.3%▲ +0.1 percentage points vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.2%▼ -0.1 percentage points vs 12-2025
02-2026: 2.3%▲ +0.1 percentage points vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%▲ +0.1 percentage points vs 04-2026
06-2026: 2.4%▼ -0.1 percentage points vs 05-2026
07-2026: 2.6%▲ +0.2 percentage points vs 06-2026
08-2026: 3.3%▲ +0.7 percentage points vs 07-2026
09-2026: 3.7%▲ +0.4 percentage points vs 08-2026
10-2026: 4.8%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 4.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 73 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 0.86, cash €15,571
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 25% of them on solvency, 50% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,207 companies had the same profile as T. CONSTRUCT has now. Each dot stands for 4 companies, two years later.
90.1%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of T. CONSTRUCT itself: 4.8% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,207 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.86 (2.15 in 2024), below 1. Short-term debt is 59.5% and cash 24.7% of total assets. 81.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
73 days late
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 51 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1006446660
Incorporation
Founding capital of €6,000, 100 shares · Founder: TONNARD Raphaël Benoît Aldo · Appointment: TONNARD Raphaël Benoît Aldo (director) · published on 28-02-2024 · Gazette deed
First establishment
t.construct, Rue Chafnay 58, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| T. CONSTRUCT Liège | €63,156 | €4,753 | 18.5% | - |
| OVI GROUP Sint-Pieters-Leeuw | €60,500 | €5,091 | 10.6% | - |
| A.S.A.P. Technieker Sint-Niklaas | €61,562 | €5,519 | -27.4% | - |
| SUNLEX Kortenberg | €58,004 | €5,854 | 42.8% | - |
| BIDAV Drogenbos | €54,485 | €5,196 | 17.9% | - |
| BV RENOVATION Soumagne | €70,248 | €4,101 | -11.3% | - |
| VDM Travaux & Services Trooz | €45,725 | €5,585 | 51.7% | - |
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 €45,700 and €70,200, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 26-02-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.357.612.2194020 Liège, since 26-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2026
Annual accounts 2025
- €4,753▼ 84.9%
- €14,454
- €11,701▼ 55.3%
- €63,156▲ 3.0%
- Filing
- Filed on 12-10-2026
Insights on T. CONSTRUCT
The computed 12-month bankruptcy probability of T. CONSTRUCT is 4.8% (elevated). The annual accounts of T. CONSTRUCT for financial year 2025 show a net loss of 55% of the equity at the start of that year.
The 2025 annual accounts show equity of €11,701 and a net result of -€14,454. Its solvency ranks better than 27% of 2,815 sector peers (NACE 41, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 12-10-2026, 73 days late€4,753
▼ 84.9%
-€13,165
▼ €40,172
-€14,454
▼ €35,468
-€5,244
▼ €24,074
18.5%
▼ 24.1 percentage points
0.86
▼ 1.29
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €57,000. Estimated: probably between €28,000 and €110,000.
Balance sheet
balance sheet total €63,156 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
18.5%
Higher than 27% of 2,815 companies in 2025.
0.86
Higher than 16% of 2,744 companies in 2025.
-22.9%
Higher than 6% of 2,780 companies in 2025.
T. CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
63,156 | 61,339 | |
21/28 |
30,808 | 26,118 | |
22/27 |
30,808 | 26,118 | |
23 |
7,442 | 2,338 | |
24 |
23,366 | 23,780 | |
29/58 |
32,348 | 35,222 | |
40/41 |
16,776 | 24,847 | |
40 |
15,088 | 19,668 | |
41 |
1,689 | 5,179 | |
54/58 |
15,571 | 10,375 | |
| Balance sheet: equity and liabilities | |||
10/49 |
63,156 | 61,339 | |
10/15 |
11,701 | 26,155 | |
10/11 |
6,000 | 6,000 | |
14 |
5,701 | 20,155 | |
17/49 |
51,454 | 35,184 | |
17 |
13,863 | 18,793 | |
170/4 |
13,863 | 18,793 | |
42/48 |
37,591 | 16,391 | |
42 |
4,930 | 4,704 | |
44 |
27,604 | 3,151 | |
440/4 |
27,604 | 3,151 | |
45 |
5,057 | 6,746 | |
450/3 |
5,057 | 6,746 | |
47/48 |
- | 1,790 | |
| Income statement | |||
9900 |
4,753 | 31,428 | |
630 |
8,476 | 2,667 | |
631/4 |
9,274 | - | |
640/8 |
168 | 255 | |
66A |
- | 1,500 | |
9901 |
-13,165 | 27,006 | |
75/76B |
68 | 188 | |
75 |
68 | 188 | |
65/66B |
1,356 | 663 | |
65 |
1,356 | 663 | |
9903 |
-14,454 | 26,531 | |
67/77 |
- | 5,517 | |
9904 |
-14,454 | 21,014 | |
9905 |
-14,454 | 21,014 | |
| Appropriation of the result | |||
9906 |
5,701 | 21,014 | |
14P |
20,155 | - | |
694/7 |
- | 859 | |
694 |
- | 859 | |
| Document | |||
The notes to these accounts have 7 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 12-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555909.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -4,689 | 29,673 | ||
| -5,977 | 23,681 | ||
| 13,167 | 28,785 | ||
| 5,197 | - | ||
| -5,244 | 18,831 | ||
| 18.5% | 42.6% | ||
| 0.86 | 2.15 | ||
| 4.40 | 1.35 | ||
| -123.5% | 80.3% | ||
| -22.9% | 34.3% | ||
| -3.46 | 44.73 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €13,167 | €28,785 |
| €8,476 | €2,667 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on T. CONSTRUCT
The operating result for 2025 is a loss of €13,165, after a profit of €27,006 in 2024.
Debt's share of the balance-sheet total rises from 57.4% to 81.5%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 26-02-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 12-10-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 28-02-2024
Mandates through the years
1 name, the dashed line is todayTONNARD Raphaël Benoît Aldo
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- TONNARD Raphaël Benoît Aldo
- Director (not named in the articles), from 26-02-2024 to date
Control
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €117 in 2025
- Source
- deed of 28-02-2024
Articles of association
deed of 28-02-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Shareholders
At incorporation
deed of 28-02-2024 ↗
- TONNARD Raphaël Benoît Aldo 100 shares (100%) · €6,000 in cash
Network & group
No group
T. CONSTRUCT has no parent and no holdings in its annual accounts. TONNARD Raphaël Benoît Aldo is the only director. T. CONSTRUCT shares no director with another company.
At the same address
Rue Chafnay 58, 4020 Liège · 2 other companies| Laurie HENNUY
registered office since 22-09-2023 · founded in 2023 |
total assets €16,336 (2025) 1000.198.870 |
| Hennuy, Laurie (sole trader)
establishment since 01-07-2022 |
founded in 2022 0787.864.484 |
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 73 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1006446660
2025
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
IncorporationFounding capital of €6,000, 100 shares · Founder: TONNARD Raphaël Benoît Aldo · Appointment: TONNARD Raphaël Benoît Aldo (director) · published on 28-02-20248 points ▸
- Registered office clause, Rue Chafnay 58, 4020 Liège
- Board rule, 1
- Director appointment, TONNARD Raphaël Benoît Aldo (director (not named in the articles))
- Pre-incorporation commitments, 26-02-2024
- Founder, TONNARD Raphaël Benoît Aldo
- Founding capital, €6,000, 100 shares
- TONNARD Raphaël Benoît Aldo holds all the shares
- 100 shares
- The deed holds 2 more points.
First establishment t.construct, Rue Chafnay 58, Liège
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
T. CONSTRUCT was incorporated on 26 February 2024 as a private limited company by one natural person, with a starting capital of €6,000.12 Since 2024, TONNARD Raphaël Benoît Aldo has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1006.446.660
- VAT number
- BE 1006.446.660
- Peppol ID
- 0208:1006446660
- Other Peppol ID
- 9925:BE1006446660
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-02-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 18-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- T. CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-02-2024 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Entreprise de construction, de réfection, d’entretien des bâtiments; Entreprise d’aménagement, de création et d’entretien de parcs et…”deed of 28-02-2024 (in French)
16 activities
- Entreprise de construction, de réfection, d’entretien des bâtiments ;
- Entreprise d’aménagement, de création et d’entretien de parcs et jardins, de vente de fleurs, de plantes et d’arbustes et d’accessoires ;
- Entreprise de terrassement, travaux de forage, de sondage et de fonçage de puits ;
- Entreprise d’installation d’échafaudage, de rejointoyage et de nettoyage de façades ;
- Entreprise de placement de clôtures ;
- Entreprise d’isolation thermique et acoustique ;
- Entreprise d’installation de cheminées ornementales ;
- Entreprise de placement de cloisons et de faux plafonds ;
- Entreprise de placement de ferronnerie, de volets et de menuiserie métallique et plastique ;
- Entreprise d’installation de ventilation et d’aération, de chauffage à air chaud, de conditionnement d’air et de tuyauteries industrielles ;
- Entreprise de peinture industrielle et de sablage ;
- Entreprise de recouvrement de corniches avec de la matière plastique ;
- Entreprise de ramonage de cheminées ;
- Entreprise de recouvrement de pignons et de façades ;
- Entreprise de démolition ;
- Travaux de maçonnerie et de béton, de plafonnage et de cimentage, de peinture du bâtiment, de carrelage, d’installateur électricien, installateur en chauffage central.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| t.construct registered office Rue Chafnay 58, 4020 Liège | 26-02-2024 | 2.357.612.219 |
Buildings and parcels at the address
- Ground area
- 274 m²
- Buildings
- 76 m²
- Volume, LiDAR
- 711 m³
- Tallest building
- 10.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62059C0572/00G000 | 274 m² | 1 · 76 m² | 10.3 m · 3 |
Invoicing and payment
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 1006.446.660