TBT CONSTRUCT
Bankruptcy closedInactive since 28-04-2026; last annual accounts for fiscal year 2023.
Summary
TBT CONSTRUCT was declared bankrupt on 03-09-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 21-04-2026, published in the Belgian State Gazette on 05-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-09-2024, 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
57 d late
2022
31 d late
2021
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€13,157▼ 35.2%
2022 · €20,319
Total assets
€94,157▼ 9.6%
2022 · €104,184
Net result
-€7,161
2022 · €15,860
Working capital
€39▼ 99.1%
2022 · €4,275
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
Line202120222023
Operating result€2,106-€22,038▲ 947%-€4,761
Net result€1,459-€15,860▲ 987%-€7,161
Equity€4,459-€20,319▲ 356%€13,157▼ 35.2%
Total assets€39,441-€104,184▲ 164%€94,157▼ 9.6%
Debt€34,982-€83,865▲ 140%€81,000▼ 3.4%
Working capital-€22,899-€4,275€39▼ 99.1%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4,761 after €22,038 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €94,030
Fixed assets
€13,262 ▼ 15.4%
Current assets
€80,768 ▼ 8.2%
Equity and liabilities €94,157
Equity
€13,157 ▼ 35.2%
Debt
€81,000 ▼ 3.4%
Debt's share of the balance-sheet total rises from 80.5% to 86.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,454▼
2022 · €25,281
Cash flow
€54▼
2022 · €19,103
Current ratio
1.00▼
2022 · 1.05
Quick ratio
0.90▲
2022 · 0.82
Debt to equity
6.16▲
2022 · 4.13
ROE
-54.4%▼
2022 · 78.1%
ROA
-7.6%▼
2022 · 15.2%
Interest coverage
1.21▼
2022 · 11.17
Debt ≤ 1 year
€80,729▼
2022 · €83,723
Income taxes
€471▼
2022 · €4,137
Staff costs
€578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €578 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,158 | €3,244 | €7,215 | ▲ 122% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,561 | - |
| Other operating charges640/8 | - | €16,211 | €4,654 | ▼ 71.3% |
| Gross operating margin9900 | €5,263 | €41,493 | €15,247 | ▼ 63.3% |
| Operating profit (loss)9901 | €2,106 | €22,038 | -€4,761 | ▼ 122% |
| Financial income75/76B | €0 | €221 | €93 | ▼ 58.1% |
| Recurring financial income75 | €0 | €221 | €93 | ▼ 58.1% |
| Financial charges65/66B | €417 | €2,262 | €2,022 | ▼ 10.6% |
| Recurring financial charges65 | €417 | €2,262 | €2,022 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €1,689 | €19,996 | -€6,690 | ▼ 133% |
| Income taxes67/77 | €230 | €4,137 | €471 | ▼ 88.6% |
| Profit (loss) for the period9904 | €1,459 | €15,860 | -€7,161 | ▼ 145% |
| Profit (loss) for the period to be appropriated9905 | €1,459 | €15,860 | -€7,161 | ▼ 145% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39,441 | €104,184 | €94,157 | ▼ 9.6% |
| Formation expenses20 | €905 | €516 | €127 | ▼ 75.4% |
| Fixed assets21/28 | €26,453 | €15,669 | €13,262 | ▼ 15.4% |
| Tangible fixed assets22/27 | €26,453 | €15,018 | €12,611 | ▼ 16.0% |
| Plant, machinery and equipment23 | €3,432 | €6,489 | €5,989 | ▼ 7.7% |
| Furniture and vehicles24 | €23,021 | €8,530 | €6,622 | ▼ 22.4% |
| Financial fixed assets28 | - | €651 | €651 | = |
| Current assets29/58 | €12,083 | €87,998 | €80,768 | ▼ 8.2% |
| Stocks and contracts in progress3 | €7,764 | €19,211 | €8,418 | ▼ 56.2% |
| Stocks30/36 | €7,764 | €19,211 | €8,418 | ▼ 56.2% |
| Amounts receivable within one year40/41 | €4,286 | €41,007 | €39,626 | ▼ 3.4% |
| Trade receivables40 | €1,158 | €36,766 | €32,115 | ▼ 12.7% |
| Other amounts receivable41 | €3,128 | €4,241 | €7,511 | ▲ 77.1% |
| Cash at bank and in hand54/58 | €33 | €9,406 | €17,379 | ▲ 84.8% |
| Deferred charges and accrued income490/1 | - | €18,374 | €15,345 | ▼ 16.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39,441 | €104,184 | €94,157 | ▼ 9.6% |
| Equity10/15 | €4,459 | €20,319 | €13,157 | ▼ 35.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €1,459 | €17,319 | €10,157 | ▼ 41.4% |
| Amounts payable17/49 | €34,982 | €83,865 | €81,000 | ▼ 3.4% |
| Amounts payable within one year42/48 | €34,982 | €83,723 | €80,729 | ▼ 3.6% |
| Trade debts44 | €7,722 | €47,827 | €58,136 | ▲ 21.6% |
| Suppliers440/4 | €7,722 | €47,827 | €58,136 | ▲ 21.6% |
| Taxes, remuneration and social security45 | €5,750 | €6,764 | €5,186 | ▼ 23.3% |
| Taxes450/3 | €5,750 | €6,764 | €4,608 | ▼ 31.9% |
| Remuneration and social security454/9 | - | - | €578 | - |
| Other amounts payable47/48 | €21,511 | €29,133 | €17,407 | ▼ 40.2% |
| Accrued charges and deferred income492/3 | - | €142 | €271 | ▲ 91.0% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,459 | €15,860 | -€7,161 | ▼ 145% |
| + Depreciation and write-downs630 | €3,158 | €3,244 | €7,215 | ▲ 122% |
| Operating cash flow (approximation) | €4,617 | €19,103 | €54 | ▼ 99.7% |
| Investment in fixed assets (approximation) | - | €7,540 | -€4,808 | ▼ 164% |
| Change in cash | - | €9,373 | €7,973 | ▼ 14.9% |
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
2026
05-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 21-04-2026
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
09-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 03-09-2024
2023
31-12
Financial
Weakest financial yearnet -€7,161
Net result drops to -€7,161, the lowest in the series.
18-12
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 12-12-2023
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 31-10-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €15,860 ▲987%
Operating result €22,038, net result €15,860, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.05
Current ratio from 0.35 to 1.05.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kraainem
Ground area
1.1 ha
Building footprint
865 m²
Volume, LiDAR
33,994 m³
Parcel 22002C0073/00N009, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PAUL VAN ROMPAEY ZANDBERG,19, 2260 WESTERLO- |
03-09-2024 → 21-04-2026 |
| Curator | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
31-10-2023 → 12-12-2023 |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 10,273 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
Founded09-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42990Civil engineering
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43410Roofing work
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.