T.P. Construct
ActiveThe computed 12-month bankruptcy probability of T.P. Construct is 2.1% (moderate). The 2024 annual accounts show equity of €64k and a net result of €10k. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 9984 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+52
Solvency90▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 3.16 in 2023), and 44.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.1%
Return on assets
9%
Age of the figures
20 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 26-09-2025, 57 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
58 d late
2022
56 d late
2021
29 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€64k▲ 19.6%
2023 · €53k
2019: €6k
2020: €9k
2021: €29k
2022: €50k
2023: €53k
2019 → 2024
Total assets
€116k▲ 67.3%
2023 · €69k
2019: €13k
2020: €26k
2021: €47k
2022: €55k
2023: €69k
2019 → 2024
Net result
€10k▲ 224%
2023 · €3k
2019: €-4k
2020: €3k
2021: €20k
2022: €21k
2023: €3k
2019 → 2024
Working capital
€36k▲ 6.6%
2023 · €34k
2019: €4k
2020: €-4k
2021: €23k
2022: €31k
2023: €34k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€29k▲ 236%€50k▲ 72.9%€53k▲ 6.4%€64k▲ 19.6%
Operating result€3k-€21k▲ 585%€23k▲ 10.8%€7k▼ 69.3%€21k▲ 195%
Net result€3k-€20k▲ 585%€21k▲ 3.8%€3k▼ 84.7%€10k▲ 224%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 195% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€27k▲ 42.9%
Current assets
€88k▲ 76.6%
Equity and liabilities €116k
Equity
€64k▲ 19.6%
Debt
€52k▲ 228%
The debt ratio rises from 22.9% to 44.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€29k▲
2023 · €13k
Cash flow
€18k▲
2023 · €9k
Solvency
55.1%▼
2023 · 77.1%
Current ratio
1.70▼
2023 · 3.16
Quick ratio
1.70▼
2023 · 3.16
Debt / equity
0.81▲
2023 · 0.30
ROE
16.4%▲
2023 · 6.1%
ROA
9.0%▲
2023 · 4.7%
Interest coverage
11.87▲
2023 · 6.96
Debt
€52k▲
2023 · €16k
Debt ≤ 1 year
€52k▲
2023 · €16k
Income taxes
€8k▲
2023 · €2k
Staff costs
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€69k€116k▲
Fixed assets21/28€19k€27k▲
Tangible fixed assets22/27€19k€27k▲
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€13k€22k▲
Current assets29/58€50k€88k▲
Amounts receivable within one year40/41€50k€67k▲
Trade receivables40€30k€43k▲
Other amounts receivable41€20k€24k▲
Cash at bank and in hand54/58-€21k
Equity and liabilities
Total equity and liabilities10/49€69k€116k▲
Equity10/15€53k€64k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€43k€54k▲
Amounts payable17/49€16k€52k▲
Amounts payable within one year42/48€16k€52k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€6k€43k▲
Suppliers440/4€6k€43k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9-€207
Income statement
Code20232024
Non-recurring operating income76A€0€0=
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€0
Gross operating margin9900€15k€56k▲
Operating profit (loss)9901€7k€21k▲
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€5k€19k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€3k€10k▲
Profit (loss) for the period to be appropriated9905€3k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€54k▲
Profit (loss) brought forward from the previous period14P€40k€43k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Highest result since 2019net €21k ▲3.8%
Operating result €23k, net result €21k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.76
Current ratio from 2.45 to 6.76; short-term debt falls from €16k to €5k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.45
Current ratio from 0.75 to 2.45; short-term debt falls from €18k to €16k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zulte · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Staatsbaan 111D9870 ZulteGround area
809 m²
Building footprint
238 m²
Volume, LiDAR
1,643 m³
Parcel 44081C0047/00D002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Staatsbaan 111D, 9870 Zulte
since 20192.292.239.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0047/00D002 | Flanders | 809 m² | 1 · 238 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MAXXO MODULES
BE 0711.844.396
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R & P GROUP
BE 0663.863.347
Oostende · Eq €64k
B RENOV
BE 0642.767.035
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BRT Tegelwerken
BE 0719.607.663
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K.O. CONSTRUCT
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 13,046 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43110Demolition
43212Electrical installation work in industrial facilities
43310Plastering work
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.