TC MAT
ActiveSummary
TC MAT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €626,429 and a net result of €61,018. Equity is growing by ~44.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-18
Solvency35▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.55 in 2023; short-term debt: 21.7% and cash: 0.5% of total assets), and 90% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
34 d early
2023
69 d early
2022
98 d early
2021
116 d early
2020
40 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 May (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Villers-la-Ville, Construction sector#1 company by equity in Villers-la-Ville, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€61,018▼ 68.1%
2023 · €191,326
Working capital
-€181,187▲ 77.4%
2023 · -€803,202
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€112,888▲ 465%€179,731▲ 59.2%€189,587▲ 5.5%€295,618▲ 55.9%€145,452▼ 50.8%
Net result€56,661above the sector's middle half€124,784within the sector's middle half▲ 120%€131,290within the sector's middle half▲ 5.2%€191,326above the sector's middle half▲ 45.7%€61,018within the sector's middle half▼ 68.1%
Equity€145,864above the sector's middle half▲ 45.4%€260,279within the sector's middle half▲ 78.4%€382,144within the sector's middle half▲ 46.8%€569,441within the sector's middle half▲ 49.0%€626,429within the sector's middle half▲ 10.0%
Total assets€3.5mabove the sector's middle half▲ 0.9%€3.9mwithin the sector's middle half▲ 10.8%€4.2mwithin the sector's middle half▲ 8.6%€5.4mwithin the sector's middle half▲ 28.7%€6.3mabove the sector's middle half▲ 15.4%
Debt€3.4m▼ 0.4%€3.6m▲ 7.9%€3.8m▲ 5.8%€4.8m▲ 26.7%€5.6m▲ 16.1%
Working capital-€517,965below the sector's middle half▼ 15.2%-€568,696below the sector's middle half▼ 9.8%-€1.0mbelow the sector's middle half▼ 83.6%-€803,202below the sector's middle half▲ 23.1%-€181,187below the sector's middle half▲ 77.4%
Solvency4.2%below the sector's middle half▲ 1.3pp6.7%below the sector's middle half▲ 2.5pp9.1%below the sector's middle half▲ 2.4pp10.5%below the sector's middle half▲ 1.4pp10.0%below the sector's middle half▼ 0.5pp
Current ratio0.39below the sector's middle half▼ 0.020.48below the sector's middle half▲ 0.090.23below the sector's middle half▼ 0.250.55below the sector's middle half▲ 0.310.87below the sector's middle half▲ 0.32
Return on assets (ROA)1.6%within the sector's middle half▲ 2.2pp3.2%within the sector's middle half▲ 1.6pp3.1%within the sector's middle half▼ 0.1pp3.5%within the sector's middle half▲ 0.4pp1.0%within the sector's middle half▼ 2.6pp
Staff (FTE)1.2within the sector's middle half▼ 33.3%4.2within the sector's middle half▲ 250%4.9within the sector's middle half▲ 16.7%1.3below the sector's middle half▼ 73.5%1below the sector's middle half▼ 23.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.3m
Fixed assets
€5.1m ▲ 14.2%
Current assets
€1.2m ▲ 21.1%
Equity and liabilities €6.3m
Equity
€626,429 ▲ 10.0%
Debt
€5.6m ▲ 16.1%
Debt's share of the balance-sheet total rises from 89.5% to 90.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€561,557▼
2023 · €693,413
Cash flow
€477,123▼
2023 · €589,121
Quick ratio
0.84▲
2023 · 0.52
Debt to equity
8.98▲
2023 · 8.51
ROE
9.7%▼
2023 · 33.6%
Interest coverage
4.22▼
2023 · 6.40
Debt ≤ 1 year
€1.4m▼
2023 · €1.8m
Debt > 1 year
€4.3m▲
2023 · €3.1m
Staff costs
€41,429▼
2023 · €54,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 4,508 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €229,149 | €1,553 | €16,445 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €147,143 | €192,665 | €54,525 | €41,429 | ▼ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €222,937 | €247,064 | €359,186 | €397,795 | €416,105 | ▲ 4.6% |
| Other operating charges640/8 | - | €11,684 | €22,568 | €30,881 | €22,507 | ▼ 27.1% |
| Non-recurring operating charges66A | - | €19,286 | €0 | €7,738 | €11,616 | ▲ 50.1% |
| Gross operating margin9900 | €391,098 | €604,908 | €764,006 | €786,557 | €637,109 | ▼ 19.0% |
| Operating profit (loss)9901 | €112,888 | €179,731 | €189,587 | €295,618 | €145,452 | ▼ 50.8% |
| Financial income75/76B | - | €12,970 | €14,173 | €4,029 | €48,554 | ▲ 1,105% |
| Recurring financial income75 | €12,967 | €12,970 | €14,173 | €4,029 | €4,179 | ▲ 3.7% |
| Non-recurring financial income76B | - | - | - | - | €44,375 | - |
| Financial charges65/66B | - | €67,917 | €71,489 | €108,321 | €132,988 | ▲ 22.8% |
| Recurring financial charges65 | €69,428 | €67,917 | €71,489 | €108,321 | €132,988 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | €56,426 | €124,784 | €132,272 | €191,326 | €61,018 | ▼ 68.1% |
| Income taxes67/77 | -€234 | €0 | €983 | €0 | - | - |
| Profit (loss) for the period9904 | €56,661 | €124,784 | €131,290 | €191,326 | €61,018 | ▼ 68.1% |
| Profit (loss) for the period to be appropriated9905 | €56,661 | €124,784 | €131,290 | €191,326 | €61,018 | ▼ 68.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.9m | €4.2m | €5.4m | €6.3m | ▲ 15.4% |
| Fixed assets21/28 | €3.2m | €3.3m | €3.9m | €4.4m | €5.1m | ▲ 14.2% |
| Tangible fixed assets22/27 | €1.9m | €3.3m | €3.9m | €4.4m | €5.1m | ▲ 14.2% |
| Land and buildings22 | - | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 4.7% |
| Plant, machinery and equipment23 | - | €204,116 | €818,686 | €729,020 | €729,642 | ▲ 0.1% |
| Furniture and vehicles24 | - | €5,419 | €7,415 | €6,852 | €6,822 | ▼ 0.4% |
| Leasing and similar rights25 | - | €779,211 | €766,225 | €782,903 | €579,427 | ▼ 26.0% |
| Other tangible fixed assets26 | - | €61,366 | €53,838 | €46,309 | €38,781 | ▼ 16.3% |
| Assets under construction and advance payments27 | - | - | €45,000 | €785,231 | €1.7m | ▲ 120% |
| Financial fixed assets28 | €1.2m | €0 | €50 | €50 | €50 | = |
| Current assets29/58 | €329,729 | €529,339 | €319,407 | €968,615 | €1.2m | ▲ 21.1% |
| Stocks and contracts in progress3 | €97,982 | €45,632 | €45,632 | €45,632 | €41,271 | ▼ 9.6% |
| Stocks30/36 | - | €45,632 | €45,632 | €45,632 | €41,271 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €223,637 | €471,562 | €211,814 | €862,004 | €1.1m | ▲ 27.7% |
| Trade receivables40 | - | €456,834 | €181,445 | €770,189 | €297,122 | ▼ 61.4% |
| Other amounts receivable41 | - | €14,729 | €30,369 | €91,814 | €803,861 | ▲ 776% |
| Cash at bank and in hand54/58 | €4,717 | €9,983 | €59,236 | €59,416 | €29,802 | ▼ 49.8% |
| Deferred charges and accrued income490/1 | - | €2,162 | €2,725 | €1,563 | €729 | ▼ 53.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.9m | €4.2m | €5.4m | €6.3m | ▲ 15.4% |
| Equity10/15 | €145,864 | €260,279 | €382,144 | €569,441 | €626,429 | ▲ 10.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €64,770 | €189,554 | €320,844 | €512,170 | €573,188 | ▲ 11.9% |
| Investment grants15 | - | €50,265 | €40,840 | €36,811 | €32,782 | ▼ 10.9% |
| Amounts payable17/49 | €3.4m | €3.6m | €3.8m | €4.8m | €5.6m | ▲ 16.1% |
| Amounts payable after more than one year17 | €2.5m | €2.5m | €2.5m | €3.1m | €4.3m | ▲ 38.9% |
| Financial debts170/4 | - | €1.4m | €1.5m | €2.3m | €3.6m | ▲ 55.8% |
| Other amounts payable178/9 | - | €1.1m | €943,713 | €776,558 | €690,055 | ▼ 11.1% |
| Amounts payable within one year42/48 | €847,694 | €1.1m | €1.4m | €1.8m | €1.4m | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | - | €430,097 | €482,353 | €517,818 | €499,450 | ▼ 3.5% |
| Trade debts44 | €309,617 | €402,547 | €448,071 | €719,472 | €283,166 | ▼ 60.6% |
| Suppliers440/4 | - | €402,547 | €448,071 | €719,472 | €283,166 | ▼ 60.6% |
| Advances received on contracts in progress46 | - | €8,607 | €8,607 | €8,607 | €8,607 | = |
| Taxes, remuneration and social security45 | - | €27,429 | €12,811 | €19,665 | €27,698 | ▲ 40.8% |
| Taxes450/3 | - | €5,539 | €185 | €14,857 | €22,774 | ▲ 53.3% |
| Remuneration and social security454/9 | - | €21,889 | €12,626 | €4,807 | €4,924 | ▲ 2.4% |
| Other amounts payable47/48 | - | €229,355 | €411,611 | €506,254 | €535,051 | ▲ 5.7% |
| Accrued charges and deferred income492/3 | - | - | €376 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,661 | €124,784 | €131,290 | €191,326 | €61,018 | ▼ 68.1% |
| + Depreciation and write-downs630 | €222,937 | €247,064 | €359,186 | €397,795 | €416,105 | ▲ 4.6% |
| Operating cash flow (approximation) | €279,598 | €371,848 | €490,475 | €589,121 | €477,123 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€425,529 | -€901,041 | -€957,701 | -€1.0m | ▼ 9.4% |
| Change in cash | - | €5,266 | €49,253 | €180 | -€29,614 | ▼ 16,511% |
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
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €191,326 ▲45.7%
Operating result €295,618, net result €191,326, both a record.
31-12
Financial
Equity above €500,000Eq €569,441 ▲49%
4 profitable years in a row build equity to €569,441.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €260,279 ▲78.4%
2 profitable years in a row build equity to €260,279.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €56,661
Net result €56,661 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€20,662
Net result drops to -€20,662, the lowest in the series; recovery starts the following year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Villers-la-Ville · 1 establishment unit since 2011
Ground area
8,081 m²
Building footprint
2,552 m²
Volume, LiDAR
1,931 m³
2 parcels, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Chaussée de Nivelles 136, 5140 Sombreffe
since 20112.198.451.253
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92114G0290/00L000 | Wallonia | 4,435 m² | 1 · 2,298 m² | - |
| 25098D0190/00E000 | Wallonia | 3,646 m² | 1 · 253 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSombreffe2.198.451.253
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,058. 8,333 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
Founded29-03-2011
Fiscal year end31-12
Trade name FR
SPRL
Activities, NACEBEL 2025
41001General construction of residential buildings
49410Freight transport by road
01610Support activities for crop production
Contact
E-mail
info@tcmat.beSombreffe
Phone
071/15.95.53Sombreffe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834910474
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.