Turnover
≈ €150,000 estimated
The accounts state no turnover.
TC Construct 23
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €57,521▲ 39.7%
- €5,579▲ 68.5%
- €158,889▲ 3.6%
- €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.
Financials
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadline€57,521
▲ 39.7%
€56,354
▲ 38.5%
€5,579
▲ 68.5%
€157,688
▲ 2.9%
36.7%
▲ 16.6 percentage points
1.58
▲ 0.32
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €78,000 and €350,000.
Balance sheet
balance sheet total €432,643 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
36.7%
Higher than 56% of 17,190 companies in 2025.
1.58
Higher than 60% of 16,487 companies in 2025.
1.3%
Higher than 48% of 16,866 companies in 2025.
TC Construct 23
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
432,643 | 762,837 | |
21/28 |
1,202 | - | |
22/27 |
1,202 | - | |
24 |
1,202 | - | |
29/58 |
431,441 | 762,837 | |
3 |
365,322 | 409,322 | |
37 |
365,322 | 409,322 | |
40/41 |
23,106 | 79,035 | |
40 |
23,106 | 79,020 | |
41 |
0 | 15 | |
54/58 |
43,013 | 274,479 | |
| Balance sheet: equity and liabilities | |||
10/49 |
432,643 | 762,837 | |
10/15 |
158,889 | 153,310 | |
10/11 |
150,000 | 150,000 | |
14 |
8,889 | 3,310 | |
17/49 |
273,754 | 609,527 | |
42/48 |
273,754 | 609,527 | |
43 |
0 | 288,164 | |
430/8 |
0 | 288,164 | |
44 |
43,751 | 153,973 | |
440/4 |
43,751 | 153,973 | |
45 |
24,073 | 37,175 | |
450/3 |
24,073 | 37,175 | |
47/48 |
205,930 | 130,215 | |
| Income statement | |||
9900 |
57,521 | 41,174 | |
630 |
401 | - | |
640/8 |
766 | 494 | |
9901 |
56,354 | 40,679 | |
75/76B |
4,161 | 4,097 | |
75 |
4,161 | 4,097 | |
65/66B |
52,973 | 40,358 | |
65 |
52,973 | 40,358 | |
9903 |
7,542 | 4,418 | |
67/77 |
1,963 | 1,108 | |
9904 |
5,579 | 3,310 | |
9905 |
5,579 | 3,310 | |
| Appropriation of the result | |||
9906 |
8,889 | 3,310 | |
14P |
3,310 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 56,755 | - | ||
| 5,980 | - | ||
| 1,602 | - | ||
| -231,466 | - | ||
| 157,688 | 153,310 | ||
| 36.7% | 20.1% | ||
| 1.58 | 1.25 | ||
| 0.24 | 0.58 | ||
| 1.72 | 3.98 | ||
| 3.5% | 2.2% | ||
| 1.3% | 0.4% | ||
| 1.07 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,602 | - |
| €401 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on TC Construct 23
The operating result for 2025 is 39% higher than in 2024.
Debt's share of the balance-sheet total falls from 79.9% to 63.3%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, since incorporationGML ESTATE NV
Director (not named in the articles), permanent representative DUMAREY Maxime Walter Carolien
since 05-06-2023
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 23-06-2026
TC ESTATE BV
Director (not named in the articles), permanent representative COETSIER Toulouse Arthur
since 05-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “alleen optredend, alle operationele handelingen en handelingen van het dagelijks bestuur stellen. Voor alle overige handelingen dienen twee…”deed of 07-06-2023
Permanent representatives 2
DUMAREY Maxime Walter Carolien
Permanent representative, for GML ESTATE
appointed by deed of 07-06-2023
Mandates through the years
2 names, the dashed line is todayGML ESTATE
Director (not named in the articles)
Director (not named in the articles)
TC ESTATE
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- GML ESTATE
- Director (not named in the articles), from 05-06-2023 to date
- TC ESTATE
- Director (not named in the articles), from 05-06-2023 to date
Control
Capital
- Contribution
- €150,000
- Shares
- 150
- Contribution per share
- €1,000
- Equity per share
- €1,059 in 2025
- Source
- deed of 07-06-2023
Articles of association
deed of 07-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June
Shareholders
At incorporation
deed of 07-06-2023 ↗
- TC ESTATE (BE 0770.465.753) 150 shares (100%) · €150,000 in cash
Network & group
No group
TC Construct 23 has no parent and no holdings in its annual accounts.
At the same address
Steenweg Deinze 35, 9810 Nazareth-De Pinte · 13 other companies| DUMAREY GROUP NV
registered office since 18-10-2011 · founded in 2011 |
turnover €9.1m (2025) 0840.723.348 |
| GML ESTATE
registered office since 30-09-2015 · founded in 1990 |
total assets €45.0m (2025) 0441.945.064 |
| GDM Motors
registered office since 20-02-2004 · founded in 1993 |
turnover €379,389 (2025) 0451.683.765 |
| Zuidpolder Antwerpen NV
registered office since 04-07-2011 · founded in 2011 |
total assets €14.1m (2025) 0837.517.497 |
| KRUGERBRUG
registered office since 23-07-2002 · founded in 2002 |
total assets €4.9m (2025) 0477.761.721 |
| AGRi Management
registered office since 24-04-2003 · founded in 2003 |
1 FTE (2025) 0480.080.615 |
| PXP
registered office since 01-12-1971 · founded in 1929 |
total assets €4.6m (2025) 0405.344.390 |
| Dammepark construct
registered office since 12-06-2018 · founded in 2018 |
total assets €2.8m (2025) 0697.830.371 |
| Statiepark Construct
registered office since 07-06-1999 · founded in 1998 |
total assets €1.7m (2025) 0463.212.711 |
| Rapidpark Construct
registered office since 17-12-2020 · founded in 2020 |
total assets €1.6m (2025) 0759.897.208 |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Zuidpolder Antwerpen NV
via GML ESTATE · Managing director · deed of 22-08-2019
Founded in 2011 · total assets €14.1m (2025)
→
Statiepark Construct
via GML ESTATE · Director (not named in the articles) · deed of 09-04-2026
Founded in 1998 · total assets €1.7m (2025)
→
Dammepark Rent I
via GML ESTATE · Director (not named in the articles) · deed of 22-06-2026
Founded in 2026
→
Timeline
Timeline
7 events since 2023Filings
Permits
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 38 days before the deadline
2025
Registered office moved from Sint-Martens-Latem to NazarethNew registered office: Steenweg Deinze 35, 9810 Nazareth · Previous registered office: Pontstraat 23, 9831 Sint-Martens-Latem2 points ▸
- Registered-office move, Steenweg Deinze 35, 9810 Nazareth
- Power of attorney, BV Qualitax BV BVBA
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802391819
Annual accounts 2024 filed PDFabbreviated format · 8 days late
Environmental permit granted OmgevingsloketGevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Herzele
2023
IncorporationFounding capital of €150,000, 150 shares · Founder: TC ESTATE · Appointments: TC ESTATE (director) and GML ESTATE (director) · published on 07-06-20237 points ▸
- Founder, TC ESTATE
- Founding capital, €150,000, 150 shares
- Registered office clause, Pontstraat 23, 9831 Sint-Martens-Latem (Deurle)
- Director appointment, TC ESTATE (director (not named in the articles))
- Director appointment, GML ESTATE (director (not named in the articles))
- Permanent representative, COETSIER Toulouse Arthur
- Permanent representative, DUMAREY Maxime Walter Carolien
- The deed holds 3 more points.
First establishment Pontstraat 23, Sint-Martens-Latem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0802.391.819
- VAT number
- BE 0802.391.819
- Peppol ID
- 0208:0802391819
- Other Peppol ID
- 9925:BE0802391819
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of Junedeed of 07-06-2023 (in Dutch)
- Peppol
- Reachable since 21-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TC Construct 23 in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-06-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- TC Construct 23deed of 07-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “9831 Sint-Martens-Latem (Deurle) Pontstraat 23”“Vlaams Gewest”deed of 07-06-2023 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het beheer van onroerende goederen van alle aard en onroerende zakelijke rechten zoals onder meer de aan- en verkoop,de bouw,verbouwing en…”deed of 07-06-2023 (in Dutch)
8 activities
- Het beheer van onroerende goederen van alle aard en onroerende zakelijke rechten zoals onder meer de aan- en verkoop,de bouw,verbouwing en renovatie,de afbraak,huur en verhuur,de ruil,de grondverkaveling,projectontwikkeling,het onderhoud en de herstellingen,schattingen en evaluatie en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten,dit in de meest uitgebreide zin;
- Het verlenen van advies,bijstand en knowhow,makelarij in onroerend goed en afsluiten van onderhandse verkoopovereenkomsten,verzekeringen alsook alle prestaties van administratieve aard omtrent roerende en onroerende goederen zoals onder meer het opstellen van huurcontracten,opmaken van plaatsbeschrijvingen,inventarissen van meubilair,het vervullen van syndicus in een flatgebouw,opmaken van schattingen en expertises,uitwerken van projecten,bouwbegeleiding,alle services die samenhangen met het beheer van onroerende goederen en dit alles in de meest ruime zin;
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen;
- Publiciteitsagentschappen,beheer van publiciteitsdragers,het ontwerpen en voeren van reclamepromotiecampagnes via verschillende media,het verlenen van advies en praktische hulp aan de bedrijven,overige adviesbureaus op het gebied van bedrijfsvoering en beheer,overige activiteiten in verband met administratie;
- Handelsbemiddeling;
- Algemene zakelijke dienstverlening;
- Verhuur en exploitatie van eigen of geleased residentieel en niet-residentieel onroerend goed,met inbegrip van terreinen en sociale woningen;
- Handel in eigen onroerend goed.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Steenweg Deinze 35 registered office 9810 Nazareth-De Pinte | ||
| Pontstraat 23 9831 Sint-Martens-Latem | 05-06-2023 | 2.345.764.955 |
1 former office
- Pontstraat 23, 9831 Sint-Martens-Latem until 08-08-2025 · deed of 03-10-2025
Buildings and parcels at the addresses
- Ground area
- 5,642 m²
- Buildings
- 455 m²
- Volume, LiDAR
- 2,419 m³
- Tallest building
- 11.9 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2024 · 1 granted| 22-01-2025 | Granted | Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging submitted 28-11-2024 · project 2024156209 | Herzele |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44015A0238/00V003 | 4,781 m² | 1 · 287 m² | 11.9 m · 2 |
| 44048H0389/00W007 | 861 m² | 1 · 167 m² | 10.1 m · 2 |
Invoicing and payment
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. Use the enterprise number 0802.391.819