Equity
€2.1m from €6.5m in 2023
Equity fell by 68% in 2 years.
t de neef engineering
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €4.1m (2018)
€2.0m▼ 28.8%
peak €1.2m (2023)
€108,741▼ 80.0%
peak €6.5m (2023)
€2.1m▲ 5.5%
€1.6m▲ 284%
peak 45.9 FTE (2011)
26.4 FTE▼ 9.6%
Board6 names since 2016
1 directorTDN
Owners
Documentsfilings and deeds
11-06-202650 days before the deadline
2025abbreviated format
Gross margin from €2.8m to €2.0mResult from €543,172 to €108,741Staff from 29.2 FTE to 26.4 FTEDebts from €417,595 to €1.6mCash from €495,595 to €170,837
Key points
from the 2025 annual accountsResult
€108,741 ▼ 80.0%
The result fell in 2025 from €543,172 to €108,741.
Debts
€1.6m ▲ 284%
Debts rose by €1.2m in 2025.
Staff
26.4 FTE from 45.9 in 2011
Between 2011 and 2025, 42% of the full-time equivalents disappeared.
Filings
48 annual accounts since 1978
The last five annual accounts were filed 25 to 50 days before the end of the period.
Position in the sector
€2.1m
More equity than 95% of companies in specialised construction. Sector median €250,029 · 9,976 companies.
Checked score
87
Excellent
Financially stronger than 52% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.22, cash €170,837, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Equity €2.1m (55.6% of total assets)
Founded in 1972
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 43, small). It does better than 73% of them on solvency, 34% on liquidity, 49% on profitability and 50% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as t de neef engineering has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of t de neef engineering itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 14,766 companies, not a prediction for t de neef engineering. 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
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.22 (5.45 in 2024), above the usual 1.5. Short-term debt is 40.5% and cash 4.5% of total assets. 44.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
31 days early
2023
40 days early
2022
25 days early
2021
26 days early
2020
38 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412618204
1 director appointed, 3 resignations
Resignations: DE NEEF Tom Paul Mathias Jozef (managing director), DE NEEF Toon and PERCY Patrick Henri Elsa Maria · Appointment: Gaju bv (sole director) · Permanent representative: Mathieu Snoeks · General meeting of 10-07-2024 · Gazette deed
3 directors appointed, 2 resignations
Resignations: TDN BVBA (director) and DE NEEF Herman (director) · Appointments: DE NEEF Tom Paul Mathias Jozef, DE NEEF Toon and PERCY Patrick Henri Elsa Maria · Director discharge: TDN BVBA · General meeting of 18-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| t de neef engineering Heist-op-den-Berg | €3.8m | €2.0m | 55.6% | 26.4 |
| ONDERNEMINGEN SEGHERS - SETISOL Beveren-Kruibeke-Zwijndrecht | €3.6m | €1.7m | 24.3% | 29.3 |
| SEGAERT AFSLUITINGEN Kortemark | €3.8m | €2.7m | 64.9% | 26.8 |
| Natuursteen Baeken Turnhout | €2.9m | €2.5m | 17.6% | 30.4 |
| Rollvolet Vilvoorde | €3.2m | €2.5m | 51.7% | 25.3 |
| DE BRUGSE ALGEMENE BOUWONDERNEMING Bruges | €3.2m | €1.7m | 42.0% | 24.5 |
| SuperChic Anzegem | €4.2m | €1.4m | 38.9% | 21.3 |
These companies have the same main activity as t de neef engineering: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €2.9m and €4.2m, founded between 1958 and 1983.
Official details
Source: KBO- Status
- Active since 18-08-1972Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.011.885.5122220 Heist-op-den-Berg, since 01-10-1972
- Financial year end
- 31 December
- Peppol
- Reachable since 12-08-2025
Annual accounts 2025
- ≈ €5.6mestimated
- €3.8m▲ 43.6%
- Employeeson 31-12-2025
- 27▼ 12.9%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on t de neef engineering
t de neef engineering files the abbreviated format. That format states no turnover. The gross margin rose from €1.8m in 2006 to €2.0m in 2025.
Concretas holds all the shares. In July 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about t de neef engineering
- What is the company number of t de neef engineering?
- The company number of t de neef engineering is 0412.618.204. The VAT number is the same number with BE in front: BE 0412.618.204.
- Where is t de neef engineering based?
- The registered office is at Misweg 3A, 2220 Heist-op-den-Berg.Company details
- What does t de neef engineering do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of t de neef engineering?
- t de neef engineering is a public limited company (NV).
- When was t de neef engineering founded?
- t de neef engineering was founded on 18-08-1972.
- Is t de neef engineering still active?
- Yes, t de neef engineering is an active enterprise in the KBO register.
- How many employees does t de neef engineering have?
- t de neef engineering had an average of 26.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does t de neef engineering fall under?
- In its 2025 annual accounts, t de neef engineering states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of t de neef engineering?
- The turnover in financial year 2025 is ≈ €5.6m. This figure is estimated from the gross margin of €2.0m and 67 comparable companies (NACE 43). It probably lies between €4.3m and €7.5m.
- Is t de neef engineering profitable?
- In financial year 2025, t de neef engineering made a profit of €108,741.
- Where can I find the annual accounts of t de neef engineering?
- t de neef engineering filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of t de neef engineering due?
- t de neef engineering must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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