T.S.C. CONSTRUCTIONS
ActiveSummary
For T.S.C. CONSTRUCTIONS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €31,472 and a net result of -€6,192. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 3611 sector peers (fiscal year 2023). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability10▼-27
Solvency39▼-3
Growth22=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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 2023Solvency, return and age of the figures
Solvency
14.1%
Return on assets
-2.8%
Age of the figures
33 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-11-2024, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
117 d late
2022
193 d late
2021
565 d late
2020
58 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 186 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€25,200▼ 79.8%
2022 · €124,532
EBIT margin
-188.4%▼ 192.2pp
2022 · 3.8%
Net result
-€6,192▼ 137%
2022 · -€2,617
Working capital
-€44,617
2022 · €11,803
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€305,483▼ 53.9%€319,979▲ 4.7%€185,348▼ 42.1%€124,532▼ 32.8%€25,200▼ 79.8%
Operating result€14,607▼ 18.5%€33,767▲ 131%-€37,965€4,707-€47,477
Net result€1,512▼ 31.7%€21,371within the sector's middle half▲ 1,313%-€46,251below the sector's middle half-€2,617below the sector's middle half▲ 94.3%-€6,192below the sector's middle half▼ 137%
EBIT margin4.8%▲ 2.1pp10.6%▲ 5.8pp-20.5%▼ 31.0pp3.8%▲ 24.3pp-188.4%▼ 192.2pp
Equity€56,609▲ 2.7%€77,980within the sector's middle half▲ 37.8%€40,281below the sector's middle half▼ 48.3%€37,664below the sector's middle half▼ 6.5%€31,472below the sector's middle half▼ 16.4%
Total assets€563,494▲ 4.4%€489,561within the sector's middle half▼ 13.1%€360,650within the sector's middle half▼ 26.3%€218,742below the sector's middle half▼ 39.3%€222,780below the sector's middle half▲ 1.8%
Debt€506,885▲ 4.6%€411,581▼ 18.8%€320,369▼ 22.2%€181,078▼ 43.5%€191,308▲ 5.6%
Working capital-€62,753-€22,961below the sector's middle half▲ 63.4%€34,662within the sector's middle half€11,803below the sector's middle half▼ 65.9%-€44,617below the sector's middle half
Solvency10.0%▼ 0.2pp15.9%below the sector's middle half▲ 5.9pp11.2%below the sector's middle half▼ 4.8pp17.2%below the sector's middle half▲ 6.0pp14.1%below the sector's middle half▼ 3.1pp
Current ratio0.85▼ 0.240.93below the sector's middle half▲ 0.091.14within the sector's middle half▲ 0.211.09below the sector's middle half▼ 0.050.77below the sector's middle half▼ 0.33
Return on assets (ROA)0.3%▼ 0.1pp4.4%within the sector's middle half▲ 4.1pp-12.8%below the sector's middle half▼ 17.2pp-1.2%below the sector's middle half▲ 11.6pp-2.8%below the sector's middle half▼ 1.6pp
Staff (FTE)0▼ 100%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €47,477 after €4,707 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €222,780
Fixed assets
€76,089 ▼ 4.6%
Current assets
€146,691 ▲ 5.5%
Equity and liabilities €222,780
Equity
€31,472 ▼ 16.4%
Debt
€191,308 ▲ 5.6%
Debt's share of the balance-sheet total rises from 82.8% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43,843▼
2022 · €10,371
Cash flow
-€2,558▼
2022 · €3,047
Quick ratio
0.56▼
2022 · 0.78
Debt to equity
6.08▲
2022 · 4.81
ROE
-19.7%▼
2022 · -6.9%
Interest coverage
-6.14▼
2022 · 1.42
Debt ≤ 1 year
€191,308▲
2022 · €127,215
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €305,483 | €319,979 | €185,348 | €124,532 | €25,200 | ▼ 79.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €211,720 | €100,679 | €67,628 | ▼ 32.8% |
| Remuneration, social security and pensions62 | - | - | €283 | €9,396 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,004 | €43,377 | €5,374 | €5,664 | €3,634 | ▼ 35.8% |
| Other operating charges640/8 | - | - | €5,936 | €4,086 | €1,415 | ▼ 65.4% |
| Gross operating margin9900 | €88,452 | €86,471 | -€26,372 | €23,853 | -€42,428 | ▼ 278% |
| Operating profit (loss)9901 | €14,607 | €33,767 | -€37,965 | €4,707 | -€47,477 | ▼ 1,109% |
| Financial income75/76B | - | - | €4 | - | €48,421 | - |
| Recurring financial income75 | €2 | €1 | €4 | - | €38 | - |
| Non-recurring financial income76B | - | - | - | - | €48,383 | - |
| Financial charges65/66B | - | - | €8,290 | €7,324 | €7,136 | ▼ 2.6% |
| Recurring financial charges65 | €13,097 | €12,397 | €8,290 | €7,324 | €7,136 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €1,512 | €21,371 | -€46,251 | -€2,617 | -€6,192 | ▼ 137% |
| Profit (loss) for the period9904 | €1,512 | €21,371 | -€46,251 | -€2,617 | -€6,192 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €1,512 | €21,371 | -€46,251 | -€2,617 | -€6,192 | ▼ 137% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €563,494 | €489,561 | €360,650 | €218,742 | €222,780 | ▲ 1.8% |
| Fixed assets21/28 | €220,796 | €177,419 | €77,388 | €79,724 | €76,089 | ▼ 4.6% |
| Tangible fixed assets22/27 | €220,796 | €177,419 | €77,388 | €79,724 | €76,089 | ▼ 4.6% |
| Land and buildings22 | - | - | €72,712 | €72,712 | €72,712 | = |
| Furniture and vehicles24 | - | - | €4,676 | €7,012 | €3,377 | ▼ 51.8% |
| Current assets29/58 | €342,698 | €312,142 | €283,262 | €139,018 | €146,691 | ▲ 5.5% |
| Stocks and contracts in progress3 | €74,173 | €43,429 | €39,349 | €39,349 | €39,349 | = |
| Stocks30/36 | - | - | €39,349 | €39,349 | €39,349 | = |
| Amounts receivable within one year40/41 | €259,692 | €226,450 | €227,208 | €59,671 | €69,525 | ▲ 16.5% |
| Trade receivables40 | - | - | €224,590 | €57,293 | €69,525 | ▲ 21.3% |
| Other amounts receivable41 | - | - | €2,618 | €2,378 | - | - |
| Cash at bank and in hand54/58 | €8,833 | €42,263 | €16,705 | €39,998 | €37,816 | ▼ 5.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €563,494 | €489,561 | €360,650 | €218,742 | €222,780 | ▲ 1.8% |
| Equity10/15 | €56,609 | €77,980 | €40,281 | €37,664 | €31,472 | ▼ 16.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €10,411 | €10,411 | €10,411 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €8,552 | €8,552 | €8,552 | = |
| Profit (loss) carried forward14 | €36,158 | €57,529 | €11,278 | €8,661 | €2,469 | ▼ 71.5% |
| Amounts payable17/49 | €506,885 | €411,581 | €320,369 | €181,078 | €191,308 | ▲ 5.6% |
| Amounts payable after more than one year17 | €101,434 | €76,478 | €71,769 | €53,862 | - | - |
| Financial debts170/4 | - | - | €71,769 | €53,862 | - | - |
| Amounts payable within one year42/48 | €405,451 | €335,103 | €248,600 | €127,215 | €191,308 | ▲ 50.4% |
| Trade debts44 | €310,444 | €261,630 | €169,345 | €25,403 | €28,541 | ▲ 12.4% |
| Suppliers440/4 | - | - | €169,345 | €25,403 | €28,541 | ▲ 12.4% |
| Taxes, remuneration and social security45 | - | - | €26,276 | €19,118 | - | - |
| Taxes450/3 | - | - | €26,276 | €19,118 | - | - |
| Other amounts payable47/48 | - | - | €52,979 | €82,694 | €162,767 | ▲ 96.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,512 | €21,371 | -€46,251 | -€2,617 | -€6,192 | ▼ 137% |
| + Depreciation and write-downs630 | €53,004 | €43,377 | €5,374 | €5,664 | €3,634 | ▼ 35.8% |
| Operating cash flow (approximation) | €54,516 | €64,748 | -€40,877 | €3,047 | -€2,558 | ▼ 184% |
| Investment in fixed assets (approximation) | - | €0 | €94,657 | -€8,000 | €1 | ▲ 100% |
| Change in cash | - | €33,430 | -€25,558 | €23,293 | -€2,182 | ▼ 109% |
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
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 117 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 565 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 193 days late
2021
31-12
Financial
Weakest financial yearnet -€46,251
Net result drops to -€46,251, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
31-12
Financial
Highest result since 2018net €21,371 ▲1,313%
Operating result €33,767, net result €21,371, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
17-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Le Roeulx · 1 establishment unit since 1996
Ground area
7,557 m²
Building footprint
251 m²
Parcel 55542A0076/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Soignies(GOT) 164, 7070 Le Roeulx
since 19962.051.023.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55542A0076/00K000 | Wallonia | 7,557 m² | 1 · 251 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
15 categoriesT.S.C. CONSTRUCTIONS SRL32487
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 437 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 (pre-2019)
Founded27-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
38210Materials recovery from waste
38320Waste collection, recovery and disposal activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442379584
Also
9925:BE0442379584
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.