TC BOUW
ActiveSummary
TC BOUW has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283k and a net result of €103k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+61
Solvency65▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.43 in 2024; short-term debt: 31.5% and cash: 24.2% of total assets), but 59.6% 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.
−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 →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
14.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
27 d early
2022
1 d early
2021
14 d early
2020
13 d early
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€283k▲ 34.7%
2024 · €210k
2019: €188k
2020: €204k
2021: €228k
2022: €251k
2023: €273k
2024: €210k
2019 → 2025
Total assets
€700k▼ 6.3%
2024 · €747k
2019: €682k
2020: €671k
2021: €712k
2022: €789k
2023: €807k
2024: €747k
2019 → 2025
Net result
€103k
2024 · €-63k
2019: €766
2020: €16k
2021: €24k
2022: €23k
2023: €32k
2024: €-63k
2019 → 2025
Working capital
€181k▲ 51.0%
2024 · €120k
2019: €149k
2020: €157k
2021: €154k
2022: €158k
2023: €167k
2024: €120k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€228k-€251k▲ 9.9%€273k▲ 8.7%€210k▼ 23.0%€283k▲ 34.7%
Operating result€47k-€44k▼ 5.2%€52k▲ 16.9%€-51k€125k
Net result€24k-€23k▼ 4.0%€32k▲ 41.0%€-63k€103k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €125k after a loss of €51k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €700k
Fixed assets
€298k ▼ 14.7%
Current assets
€402k ▲ 1.1%
Equity and liabilities €700k
Equity
€283k ▲ 34.7%
Debt
€417k ▼ 22.3%
Debt's share of the balance-sheet total falls from 71.9% to 59.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195k▲
2024 · €32k
Cash flow
€173k▲
2024 · €20k
Current ratio
1.82▲
2024 · 1.43
Quick ratio
1.77▲
2024 · 1.36
Debt to equity
1.48▼
2024 · 2.56
ROE
36.4%▲
2024 · -29.8%
ROA
14.7%▲
2024 · -8.4%
Interest coverage
14.30▲
2024 · 2.12
Debt ≤ 1 year
€221k▼
2024 · €278k
Debt > 1 year
€196k▼
2024 · €255k
Income taxes
€13k
Staff costs
€179k▲
2024 · €158k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€747k€700k▼
Fixed assets21/28€350k€298k▼
Tangible fixed assets22/27€350k€298k▼
Land and buildings22€134k€112k▼
Plant, machinery and equipment23€190k€153k▼
Furniture and vehicles24€26k€33k▲
Current assets29/58€397k€402k▲
Stocks and contracts in progress3€20k€10k▼
Stocks30/36€20k€10k▼
Amounts receivable within one year40/41€197k€139k▼
Trade receivables40€175k€111k▼
Other amounts receivable41€22k€28k▲
Current investments50/53€78k€78k=
Cash at bank and in hand54/58€98k€169k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€747k€700k▼
Equity10/15€210k€283k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€172k€221k▲
Non-distributable reserves130/1€84k€84k=
Legal reserve130€6k€6k=
Own shares acquired1312€78k€78k=
Distributable reserves133€88k€136k▲
Profit (loss) carried forward14€-24k€0▲
Amounts payable17/49€537k€417k▼
Amounts payable after more than one year17€255k€196k▼
Financial debts170/4€255k€196k▼
Amounts payable within one year42/48€278k€221k▼
Current portion of amounts payable after more than one year42€61k€62k▲
Trade debts44€204k€117k▼
Suppliers440/4€204k€117k▼
Taxes, remuneration and social security45€9k€10k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€4k€32k▲
Accrued charges and deferred income492/3€5k€184▼
Income statement
Code20242025
Remuneration, social security and pensions62€158k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€70k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€194k€379k▲
Operating profit (loss)9901€-51k€125k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€-63k€116k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€-63k€103k▲
Profit (loss) for the period to be appropriated9905€-63k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€79k▲
Profit (loss) brought forward from the previous period14P-€-24k
Transfer from equity791/2€39k€0▼
Transfer to equity691/2-€49k
To other reserves6921-€49k
Profit to be distributed694/7-€30k
Directors or managers695-€30k
Social balance
Average headcount (FTE)90872.73.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €-63k ▼296%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200kEq €204k ▲8.8%
2 profitable years in a row build equity to €204k.
06-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Maldegem · 1 establishment unit since 2005
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.
Malecote 59991 MaldegemGround area
827 m²
Building footprint
152 m²
Volume, LiDAR
954 m³
Parcel 43001B0543/00E000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20052.145.575.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001B0543/00E000 | Flanders | 827 m² | 1 · 152 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,755 EUR awarded · 1,755 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 755 EUR | 755 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 1 ended approval
Werfbediener (so)
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,156 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 formPublic limited company
Founded14-01-2005
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.