Turnover
≈ €150,000 estimated
The accounts state no turnover.
TC Construct 23
Lifetime
2 annual accounts with figures on one time axispeak €57,521 (2025)
€57,521▲ 39.7%
peak €5,579 (2025)
€5,579▲ 68.5%
peak €158,889 (2025)
€158,889▲ 3.6%
€273,754▼ 55.1%
Board2 names since 2023
2 directorsGML ESTATE and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €41,174 to €57,521Result from €3,310 to €5,579Registered office moved from Sint-Martens-Latem to Nazareth 03-10Debts from €609,527 to €273,754Cash from €274,479 to €43,013
Key points
from the 2025 annual accountsInvestments
€1,602 4.0 × depreciation
Green is investment, beige is depreciation.
At the same address
13 companies
Checked score
70
Healthy
Financially stronger than 39% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 1.0%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 0.9%▼ -0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025highest value
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 0.1%▼ -1.0 percentage point vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.4 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2023
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €432,643
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 54% of them on solvency, 22% on liquidity, 26% on profitability and 56% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as TC Construct 23 has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TC Construct 23 itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for TC Construct 23. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (1.25 in 2024), above the usual 1.5. Short-term debt is 63.3% and cash 9.9% of total assets. However, 63.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
38 days early
2024
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 15 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Sint-Martens-Latem to Nazareth
New registered office: Steenweg Deinze 35, 9810 Nazareth · Previous registered office: Pontstraat 23, 9831 Sint-Martens-Latem · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802391819
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Herzele
Incorporation
Founding capital of €150,000, 150 shares · Founder: TC ESTATE · Appointments: TC ESTATE (director) and GML ESTATE (director) · published on 07-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TC Construct 23 Nazareth-De Pinte | €432,643 | €57,521 | 36.7% | - |
| ACQUITER Temse | €372,206 | €36,658 | 3.6% | - |
| Pierpoint Lanaken | €404,832 | €61,076 | 6.0% | - |
| SDIG Soignies | €510,729 | €60,666 | 8.7% | - |
| LUMANO Gingelom | €474,454 | €79,322 | 11.2% | - |
| IMMOSANTI Morlanwelz | €348,064 | €54,582 | -5.2% | - |
| GJW PROJECTS Ravels | €389,543 | €37,635 | 2.2% | - |
These companies have the same main activity as TC Construct 23: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €348,000 and €511,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 05-06-2023Normal situation
- Registered office
- 14 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.345.764.9559831 Sint-Martens-Latem, since 05-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-08-2025
Annual accounts 2025
- €432,643▼ 43.3%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on TC Construct 23
TC Construct 23 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,889 and a net result of €5,579.
Its solvency ranks better than 56% of 17,190 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TC Construct 23
- What is the company number of TC Construct 23?
- The company number of TC Construct 23 is 0802.391.819. The VAT number is the same number with BE in front: BE 0802.391.819.
- Where is TC Construct 23 based?
- The registered office is at Steenweg Deinze 35, 9810 Nazareth-De Pinte.Company details
- What does TC Construct 23 do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of TC Construct 23?
- TC Construct 23 is a private limited company (BV).
- When was TC Construct 23 founded?
- TC Construct 23 was founded on 05-06-2023.
- Is TC Construct 23 still active?
- Yes, TC Construct 23 is an active enterprise in the KBO register.
- What is the turnover of TC Construct 23?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €57,521 and 48 comparable companies (NACE 681). It probably lies between €78,000 and €350,000.Financials
- Is TC Construct 23 profitable?
- In financial year 2025, TC Construct 23 made a profit of €5,579.
- Where can I find the annual accounts of TC Construct 23?
- TC Construct 23 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TC Construct 23 due?
- TC Construct 23 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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