TAOCONSTRUCT
ActiveSummary
TAOCONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 82% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+50
Solvency98▲+14
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 3.73 against 2.42 in 2023; short-term debt: 26.8% and cash: 0.1% of total assets), and 26.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 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
73.2%
Return on assets
16.5%
Age of the figures
21 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
6 d early
2022
59 d late
2021
30 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€19k▲ 29.1%
2023 · €14k
2018: €16k
2019: €18k
2020: €22k
2021: €24k
2022: €15k
2023: €14k
2018 → 2024
Total assets
€26k▲ 3.4%
2023 · €25k
2018: €91k
2019: €85k
2020: €28k
2021: €29k
2022: €23k
2023: €25k
2018 → 2024
Net result
€4k
2023 · €-823
2018: €5k
2019: €3k
2020: €4k
2021: €1k
2022: €-9k
2023: €-823
2018 → 2024
Working capital
€19k▲ 29.1%
2023 · €14k
2018: €15k
2019: €18k
2020: €24k
2021: €25k
2022: €15k
2023: €14k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€22k-€24k▲ 6.6%€15k▼ 36.1%€14k▼ 5.4%€19k▲ 29.1%
Operating result€6k-€2k▼ 71.8%€-10k€-2k▲ 80.9%€5k
Net result€4k-€1k▼ 65.0%€-9k€-823▲ 90.5%€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €26k
Equity
€19k ▲ 29.1%
Debt
€7k ▼ 33.0%
Debt's share of the balance-sheet total falls from 41.4% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.73▲
2023 · 2.42
Debt to equity
0.37▼
2023 · 0.71
ROE
22.5%▲
2023 · -5.7%
ROA
16.5%▲
2023 · -3.3%
Debt ≤ 1 year
€7k▼
2023 · €10k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€25k€26k▲
Current assets29/58€25k€26k▲
Amounts receivable within one year40/41€25k€23k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€17k€16k▼
Cash at bank and in hand54/58€32€29▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€25k€26k▲
Equity10/15€14k€19k▲
Contributions10/11€6k€6k=
Reserves13€15k€15k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-7k€-3k▲
Amounts payable17/49€10k€7k▼
Amounts payable within one year42/48€10k€7k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€8k-
Income statement
Code20232024
Other operating charges640/8€384€460▲
Gross operating margin9900€-1k€5k▲
Operating profit (loss)9901€-2k€5k▲
Financial income75/76B€1k€872▼
Recurring financial income75€1k€872▼
Financial charges65/66B€60€60=
Recurring financial charges65€60€60=
Profit (loss) for the period before taxes9903€-823€5k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-823€4k▲
Profit (loss) for the period to be appropriated9905€-823€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Profit (loss) brought forward from the previous period14P€-6k€-7k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 5current ratio 6.52
Current ratio from 1.27 to 6.52; short-term debt falls from €67k to €4k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 49 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, Mons · 1 establishment unit since 2015
Ground area
2,235 m²
Building footprint
218 m²
Volume, LiDAR
1,259 m³
Parcel 53030B0271/00P000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TAOCONSTRUCT
since 20152.254.635.831
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030B0271/00P000 | Wallonia | 2,235 m² | 1 · 218 m² | 7.2 m · 2 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
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PROSUV
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Serlet Bouw
BE 0794.445.539
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BENJI CONSTRUCT
BE 0799.153.603
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,036. 11,361 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:olivier@troger.be