T.M.B. CONSTRUCT
ActiveSummary
T.M.B. CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €11k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+18
Solvency80▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.75 in 2024; short-term debt: 45.1% and cash: 23.3% of total assets), and 45.1% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
14.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
7 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
96 d early
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
Equity
€43k▲ 35.5%
2024 · €31k
Total assets
€77k▲ 56.3%
2024 · €50k
Net result
€11k▲ 46,353%
2024 · €24
Working capital
€4k▼ 68.7%
2024 · €13k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8k▲ 3,947%€23k▲ 208%€-2k€4k€20k▲ 372%
Net result€2k€14k▲ 567%€-6k€24€11k▲ 46,353%
Equity€23k▲ 10.0%€37k▲ 60.5%€31k▼ 16.4%€31k▲ 0.1%€43k▲ 35.5%
Total assets€88k▲ 21.1%€113k▲ 28.1%€73k▼ 35.4%€50k▼ 31.9%€77k▲ 56.3%
Debt€65k▲ 25.7%€75k▲ 16.4%€41k▼ 44.9%€18k▼ 56.1%€35k▲ 92.3%
Working capital€6k▼ 68.4%€38k▲ 492%€6k▼ 84.6%€13k▲ 116%€4k▼ 68.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 372% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€39k ▲ 92.6%
Current assets
€39k ▲ 31.7%
Equity and liabilities €77k
Equity
€43k ▲ 35.5%
Debt
€35k ▲ 92.3%
Debt's share of the balance-sheet total rises from 36.7% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €17k
Cash flow
€14k▲
2024 · €13k
Current ratio
1.11▼
2024 · 1.75
Debt to equity
0.82▲
2024 · 0.58
ROE
26.2%▲
2024 · 0.1%
ROA
14.4%▲
2024 · 0.0%
Interest coverage
108.71▲
2024 · 13.10
Debt ≤ 1 year
€35k▲
2024 · €17k
Income taxes
€8k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11k | - | - | €2k | €22k | ▲ 846% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €12k | €14k | €13k | €3k | ▼ 75.6% |
| Other operating charges640/8 | €989 | €1k | €2k | €3k | €1k | ▼ 58.0% |
| Non-recurring operating charges66A | €557 | - | - | - | €5k | - |
| Gross operating margin9900 | €25k | €36k | €14k | €20k | €29k | ▲ 47.1% |
| Operating profit (loss)9901 | €8k | €23k | €-2k | €4k | €20k | ▲ 372% |
| Financial income75/76B | €0 | €112 | €244 | €183 | €72 | ▼ 60.4% |
| Recurring financial income75 | €0 | €112 | €244 | €183 | €72 | ▼ 60.4% |
| Financial charges65/66B | €3k | €539 | €4k | €1k | €211 | ▼ 83.9% |
| Recurring financial charges65 | €3k | €539 | €4k | €1k | €211 | ▼ 83.9% |
| Profit (loss) for the period before taxes9903 | €5k | €23k | €-5k | €3k | €20k | ▲ 541% |
| Income taxes67/77 | €3k | €9k | €1k | €3k | €8k | ▲ 179% |
| Profit (loss) for the period9904 | €2k | €14k | €-6k | €24 | €11k | ▲ 46,353% |
| Profit (loss) for the period to be appropriated9905 | €2k | €14k | €-6k | €24 | €11k | ▲ 46,353% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88k | €113k | €73k | €50k | €77k | ▲ 56.3% |
| Fixed assets21/28 | €66k | €44k | €42k | €20k | €39k | ▲ 92.6% |
| Tangible fixed assets22/27 | €66k | €44k | €42k | €20k | €39k | ▲ 92.6% |
| Furniture and vehicles24 | €66k | €44k | €42k | €20k | €39k | ▲ 92.6% |
| Current assets29/58 | €22k | €68k | €30k | €30k | €39k | ▲ 31.7% |
| Amounts receivable within one year40/41 | €12k | €49k | €16k | €14k | €20k | ▲ 41.4% |
| Trade receivables40 | €11k | €44k | €10k | €14k | €20k | ▲ 38.0% |
| Other amounts receivable41 | €1k | €5k | €6k | - | €496 | - |
| Cash at bank and in hand54/58 | €9k | €17k | €10k | €14k | €18k | ▲ 29.8% |
| Deferred charges and accrued income490/1 | €721 | €2k | €4k | €1k | €723 | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88k | €113k | €73k | €50k | €77k | ▲ 56.3% |
| Equity10/15 | €23k | €37k | €31k | €31k | €43k | ▲ 35.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Outside capital11 | - | - | €6k | €6k | €6k | = |
| Other1109/19 | - | - | €6k | €6k | €6k | = |
| Reserves13 | €700 | €700 | €700 | €700 | €700 | = |
| Non-distributable reserves130/1 | €700 | €700 | - | - | - | - |
| Legal reserve130 | €700 | €700 | - | - | - | - |
| Distributable reserves133 | - | - | €700 | €700 | €700 | = |
| Profit (loss) carried forward14 | €16k | €31k | €24k | €24k | €36k | ▲ 45.5% |
| Amounts payable17/49 | €65k | €75k | €41k | €18k | €35k | ▲ 92.3% |
| Amounts payable after more than one year17 | €49k | €45k | €17k | €1k | - | - |
| Financial debts170/4 | €49k | €45k | €17k | €1k | - | - |
| Amounts payable within one year42/48 | €15k | €30k | €25k | €17k | €35k | ▲ 107% |
| Current portion of amounts payable after more than one year42 | €12k | €13k | €17k | €10k | €1k | ▼ 86.6% |
| Trade debts44 | €524 | €2k | €672 | €4k | €14k | ▲ 239% |
| Suppliers440/4 | €524 | €2k | €672 | €4k | €14k | ▲ 239% |
| Taxes, remuneration and social security45 | €3k | €15k | €7k | €3k | €9k | ▲ 248% |
| Taxes450/3 | €3k | €15k | €7k | €3k | €9k | ▲ 248% |
| Other amounts payable47/48 | - | - | - | - | €10k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €14k | €-6k | €24 | €11k | ▲ 46,353% |
| + Depreciation and write-downs630 | €16k | €12k | €14k | €13k | €3k | ▼ 75.6% |
| Operating cash flow (approximation) | €18k | €26k | €8k | €13k | €14k | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €11k | €-12k | €9k | €-22k | ▼ 331% |
| Change in cash | - | €8k | €-7k | €3k | €4k | ▲ 19.9% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Back to profitnet €24
Net result €24 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €14k ▲567%
Operating result €23k, net result €14k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Vilvoorde · 1 establishment unit since 2017
Ground area
154 m²
Building footprint
138 m²
Volume, LiDAR
891 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
T.M.B. CONSTRUCT
since 20172.265.981.861
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066A0141/00G007 | Flanders | 84 m² | 1 · 63 m² | 8.4 m · 2 fl. |
| 23066A0141/00P005 | Flanders | 70 m² | 1 · 76 m² | 10.4 m · 3 fl. |
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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,974 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
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.