TBM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TBM CONSTRUCT is 4.9% (elevated). The 2024 annual accounts show equity of €33,359 and a net result of €16,609. Equity is growing by about 40% per year across the filed financial years. Its solvency ranks better than 21% of 5,847 sector peers (NACE 81, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.9 FTE
- Equity
- €33,359
- Profit
- €16,609
- BERGH MaximeDirector
- BURNET MikaelDirector
Why 38raises riskFigures for financial year 2024 (filed 23-08-2025)1 financial year not filed after the legal deadline; last filed accounts filed 23 days late; 2 of the last 3 lateSector: Services to buildings and landscape activities (NACE 81)lowers riskSize: total assets €255,045Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 20% on solvency, 14% on liquidity, 50% on profitability and 90% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 61 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €16,609
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result recovers in 2024; 2024 is 13 times 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €334,000 | - | €443,555 | - | €688,454 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €397,420 | - | €577,439 | - | - |
| Remuneration, social security and pensions62 | - | - | €43,169 | €57,598 | €83,615 | €157,377 | ▲ 88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,953 | €4,914 | €6,673 | €16,957 | €18,668 | €26,361 | ▲ 41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | €4,329 | €2,453 | €424 | €4,314 | ▲ 918% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,786 | - |
| Gross operating margin9900 | €21,682 | €39,566 | €63,651 | €90,932 | €104,873 | €217,958 | ▲ 108% |
| Operating profit (loss)9901 | €2,554 | €5,315 | €9,481 | €13,923 | €2,166 | €28,120 | ▲ 13× |
| Financial income75/76B | - | - | €124 | €354 | €479 | €4,847 | ▲ 912% |
| Recurring financial income75 | €124 | €11 | €124 | €354 | €479 | €4,847 | ▲ 912% |
| Financial charges65/66B | - | - | €3,523 | €4,222 | €4,183 | €9,288 | ▲ 122% |
| Recurring financial charges65 | €1,342 | €2,144 | €3,523 | €4,222 | €4,183 | €9,288 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €1,337 | €3,183 | €6,082 | €10,055 | -€1,538 | €23,679 | - |
| Income taxes67/77 | €1,401 | €1,177 | €2,038 | €3,000 | €953 | €7,070 | ▲ 642% |
| Profit (loss) for the period9904 | -€64 | €2,006 | €4,044 | €7,055 | -€2,492 | €16,609 | - |
| Profit (loss) for the period to be appropriated9905 | -€64 | €2,006 | €4,044 | €7,055 | -€2,492 | €16,609 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €48,489 | €62,194 | €154,259 | €178,738 | €258,078 | €255,045 | ▼ 1.2% |
| Fixed assets21/28 | €19,759 | €15,659 | €59,503 | €64,540 | €117,132 | €87,203 | ▼ 25.6% |
| Intangible fixed assets21 | - | - | - | €3,521 | €2,805 | €2,088 | ▼ 25.5% |
| Tangible fixed assets22/27 | €19,759 | €12,209 | €56,053 | €57,569 | €109,477 | €80,265 | ▼ 26.7% |
| Plant, machinery and equipment23 | - | - | €31,003 | €37,658 | €62,155 | €48,370 | ▼ 22.2% |
| Furniture and vehicles24 | - | - | €14,382 | €10,310 | €38,789 | €24,428 | ▼ 37.0% |
| Other tangible fixed assets26 | - | - | €10,668 | €9,601 | €8,534 | €7,467 | ▼ 12.5% |
| Financial fixed assets28 | - | €3,450 | €3,450 | €3,450 | €4,850 | €4,850 | = |
| Current assets29/58 | €28,730 | €46,535 | €94,756 | €114,198 | €140,946 | €167,842 | ▲ 19.1% |
| Stocks and contracts in progress3 | - | €27,600 | €37,584 | €65,598 | €48,079 | €24,526 | ▼ 49.0% |
| Stocks30/36 | - | - | €37,584 | €65,598 | €48,079 | €24,526 | ▼ 49.0% |
| Amounts receivable within one year40/41 | €26,780 | €8,005 | €24,666 | €48,177 | €82,391 | €133,734 | ▲ 62.3% |
| Trade receivables40 | - | - | €11,742 | €41,893 | €56,953 | €133,431 | ▲ 134% |
| Other amounts receivable41 | - | - | €12,924 | €6,283 | €25,438 | €303 | ▼ 98.8% |
| Cash at bank and in hand54/58 | €1,950 | €10,514 | €32,118 | €424 | €10,476 | €9,582 | ▼ 8.5% |
| Deferred charges and accrued income490/1 | - | - | €388 | €0 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €48,489 | €62,194 | €154,259 | €178,738 | €258,078 | €255,045 | ▼ 1.2% |
| Equity10/15 | €6,136 | €8,142 | €12,187 | €19,242 | €16,750 | €33,359 | ▲ 99.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | - | €100 | €600 | €600 | €600 | €600 | = |
| Non-distributable reserves130/1 | - | - | €600 | €600 | - | - | - |
| Legal reserve130 | - | - | €600 | €600 | - | - | - |
| Distributable reserves133 | - | - | - | - | €600 | €600 | = |
| Profit (loss) carried forward14 | -€64 | €1,842 | €5,387 | €12,442 | €9,950 | €26,559 | ▲ 167% |
| Amounts payable17/49 | €42,353 | €54,052 | €142,072 | €159,496 | €241,328 | €221,686 | ▼ 8.1% |
| Amounts payable after more than one year17 | €2,466 | €10,523 | €70,680 | €45,796 | €59,923 | €58,989 | ▼ 1.6% |
| Financial debts170/4 | - | - | €70,680 | €45,796 | €59,923 | €58,989 | ▼ 1.6% |
| Amounts payable within one year42/48 | €39,888 | €43,529 | €71,392 | €113,700 | €181,405 | €162,698 | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | €13,273 | €18,633 | €16,122 | €21,233 | ▲ 31.7% |
| Financial debts43 | - | - | - | €1,498 | - | - | - |
| Credit institutions430/8 | - | - | - | €1,498 | - | - | - |
| Trade debts44 | €25,434 | €19,308 | €51,419 | €47,500 | €129,595 | €102,559 | ▼ 20.9% |
| Suppliers440/4 | - | - | €51,419 | €47,500 | €129,595 | €102,559 | ▼ 20.9% |
| Advances received on contracts in progress46 | - | - | - | €21,171 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €6,700 | €7,679 | €21,495 | €37,106 | ▲ 72.6% |
| Taxes450/3 | - | - | €4,526 | €5,919 | €9,499 | €18,958 | ▲ 99.6% |
| Remuneration and social security454/9 | - | - | €2,174 | €1,759 | €11,996 | €18,148 | ▲ 51.3% |
| Other amounts payable47/48 | - | - | €0 | €17,220 | €14,193 | €1,800 | ▼ 87.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64 | €2,006 | €4,044 | €7,055 | -€2,492 | €16,609 | - |
| + Depreciation and write-downs630 | €6,953 | €4,914 | €6,673 | €16,957 | €18,668 | €26,361 | ▲ 41.2% |
| Operating cash flow (approximation) | €6,889 | €6,921 | €10,717 | €24,013 | €16,177 | €42,970 | ▲ 166% |
| Investment in fixed assets (approximation) | - | -€815 | -€50,517 | -€21,994 | -€71,260 | €3,568 | - |
| Change in cash | - | €8,564 | €21,603 | -€31,694 | €10,053 | -€894 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 23-08-2025 | 2025-00395508 |
| 31-12-2023 | micro format | 30-10-2024 | 2024-00520146 |
| 31-12-2022 | micro format | 13-10-2023 | 2023-00485037 |
| 31-12-2021 | micro format | 29-10-2022 | 2022-20477276 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48500363 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-59700020 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BERGH Maxime |
|
| BURNET Mikael |
|
Owners and capital
Capital and shareholders
- 03-01-2024 Capital stated in the deed · 186 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-01
Gazette deed
Appointments: BURNET Mikael (director) and BERGH Maxime (director)Amendment of the articles · Registered office clause · Capital conversion11 facts ▸
- General meeting, 21-12-2023
- Amendment of the articles (2 times)
- Registered office clause, “Région Wallonne, sans autre précision” (deed in French)
- Capital conversion, EUR, “de plein droit” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Other provision, “versements futurs part non encore libérée capital souscrit passé inscrite apports non appelés, même suppression et disponibilité” (deed in French)
- Capital
- Director appointment, BURNET Mikael (director (not named in the articles))
- Director appointment, BERGH Maxime (director (not named in the articles))
- Other provision, “adresse du site internet et/ou adresse électronique”, 6 (deed in French)
- Registered-office move, 4610 Beyne-Heusay (Queue-du-Bois), rue Emile Vandervelde, 263
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0696.672.113
Recognitions · licences · registrations
Recognised contractor
6 categories- C General road works contractsclass 1, up to €162,000
- C1 Ordinary sewer worksclass 1, up to €162,000
- C3 Non-electric road signs, safety devices, fences and screensclass 1, up to €162,000
- C5 Bituminous paving and surface dressingclass 1, up to €162,000
- G General earthworks contractsclass 1, up to €162,000
- G3 Plantingclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Rue E. Vandervelde 2634610 Beyne-Heusay1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62089A0734/00K002 | Wallonia | 370 m² | 1 · 133 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Terrassement et aménagement extérieur,; Achat, vente et location de matériel et outillage,; Création et entretien de parcs et jardins; Elle…” (deed in French)
10 activities (deed in French)
- Terrassement et aménagement extérieur,
- Achat, vente et location de matériel et outillage,
- Création et entretien de parcs et jardins.
- Elle pourra également assurer la représentation, sur le territoire belge de sociétés étrangères, accomplir toutes formalités légales, nouer des relations avec les autorités fédérales et régionales, exercer des mandats d’administrateur et de bureau d’administration.
- D’une façon générale, la société pourra entreprendre, en Belgique ou à l’étranger, toutes opérations généralement quelconques, commerciales, industrielles et financières, mobilières et immobilières, se rapportant directement ou indirectement, totalement ou partiellement à son objet ou qui sont de nature à favoriser la réalisation et le développement de son entreprise.
- La société peut, par voie d’apports en espèces ou en nature, de fusion, de souscription, de participation, d’interventions financières ou par tout autre mode, prendre des participations dans toutes sociétés ou entreprises ayant, en tout ou en partie, un objet similaire ou connexe au sien ou susceptible d’en faciliter l’extension ou le développement.
- La société peut se porter garante et donner des biens immobiliers en gage ou les grever d’une hypothèque pour des engagements contractés par des tiers.
- Elle peut également donner en gage tous ses autres biens et donner son aval pour des engagements contractés par des tiers.
- Elle peut exercer les fonctions de gérant, d’administrateur ou de liquidateur d’autres sociétés.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d’accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TMB CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales,Belgique,étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions CSA,démembrement inscrit séparément avec droits respectifs” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement nombre actions acquises, toutes cessions entre vifs onéreux ou gratuit,volontaires ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “28, en tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “29, faculté assemblée générale de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)