TCM CONSTRUCT CONCEPT
ActiveThe file of TCM CONSTRUCT CONCEPT contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show equity of €182,612 and a net result of €24,184. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 36% of 851 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-9
Solvency48▼-6
Growth52=
Track record54
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.35 against 1.37 in 2024; short-term debt: 49.7% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
49 d late
2023
6 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24,184▼ 56.4%
2024 · €55,484
Working capital
€136,785▲ 74.6%
2024 · €78,343
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
Line2022202320242025
Operating result€86,765-€52,346▼ 39.7%€80,073▲ 53.0%€60,232▼ 24.8%
Net result€64,901above the sector's middle half-€36,042within the sector's middle half▼ 44.5%€55,484within the sector's middle half▲ 53.9%€24,184within the sector's middle half▼ 56.4%
Equity€66,901within the sector's middle half-€102,944within the sector's middle half▲ 53.9%€158,428within the sector's middle half▲ 53.9%€182,612within the sector's middle half▲ 15.3%
Total assets€179,843within the sector's middle half-€227,334below the sector's middle half▲ 26.4%€538,645within the sector's middle half▲ 137%€796,143within the sector's middle half▲ 47.8%
Debt€112,942-€124,390▲ 10.1%€380,217▲ 206%€613,532▲ 61.4%
Working capital€65,482within the sector's middle half-€55,984within the sector's middle half▼ 14.5%€78,343within the sector's middle half▲ 39.9%€136,785within the sector's middle half▲ 74.6%
Solvency37.2%within the sector's middle half-45.3%within the sector's middle half▲ 8.1pp29.4%within the sector's middle half▼ 15.9pp22.9%within the sector's middle half▼ 6.5pp
Current ratio1.87within the sector's middle half-1.47within the sector's middle half▼ 0.401.37within the sector's middle half▼ 0.101.35within the sector's middle half▼ 0.03
Return on assets (ROA)36.1%above the sector's middle half-15.9%above the sector's middle half▼ 20.2pp10.3%above the sector's middle half▼ 5.6pp3.0%within the sector's middle half▼ 7.3pp
Staff (FTE)3.7within the sector's middle half5.4within the sector's middle half▲ 45.9%5.2within the sector's middle half▼ 3.7%
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 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €796,143
Fixed assets
€263,780 ▲ 5.9%
Current assets
€532,363 ▲ 83.8%
Equity and liabilities €796,143
Equity
€182,612 ▲ 15.3%
Debt
€613,532 ▲ 61.4%
Debt's share of the balance-sheet total rises from 70.6% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107,155▼
2024 · €111,467
Cash flow
€71,106▼
2024 · €86,878
Quick ratio
1.23▼
2024 · 1.37
Debt to equity
3.36▲
2024 · 2.40
ROE
13.2%▼
2024 · 35.0%
Interest coverage
7.69▼
2024 · 12.86
Debt ≤ 1 year
€395,578▲
2024 · €211,287
Debt > 1 year
€217,954▲
2024 · €168,930
Income taxes
€22,118▲
2024 · €15,963
Staff costs
€179,257▼
2024 · €199,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,273 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,631 | €149,968 | €199,696 | €179,257 | ▼ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,638 | €15,482 | €31,394 | €46,922 | ▲ 49.5% |
| Other operating charges640/8 | €471 | €3,480 | €27,369 | €15,290 | ▼ 44.1% |
| Gross operating margin9900 | €101,505 | €221,276 | €338,532 | €301,702 | ▼ 10.9% |
| Operating profit (loss)9901 | €86,765 | €52,346 | €80,073 | €60,232 | ▼ 24.8% |
| Financial income75/76B | - | €33 | €41 | - | - |
| Recurring financial income75 | - | €33 | €41 | - | - |
| Financial charges65/66B | €86 | €1,849 | €8,667 | €13,931 | ▲ 60.7% |
| Recurring financial charges65 | €86 | €1,849 | €8,667 | €13,931 | ▲ 60.7% |
| Profit (loss) for the period before taxes9903 | €86,679 | €50,530 | €71,447 | €46,302 | ▼ 35.2% |
| Income taxes67/77 | €21,778 | €14,487 | €15,963 | €22,118 | ▲ 38.6% |
| Profit (loss) for the period9904 | €64,901 | €36,042 | €55,484 | €24,184 | ▼ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €64,901 | €36,042 | €55,484 | €24,184 | ▼ 56.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €179,843 | €227,334 | €538,645 | €796,143 | ▲ 47.8% |
| Fixed assets21/28 | €39,155 | €51,319 | €249,016 | €263,780 | ▲ 5.9% |
| Tangible fixed assets22/27 | €38,030 | €50,194 | €247,891 | €262,655 | ▲ 6.0% |
| Land and buildings22 | - | - | €169,073 | €195,134 | ▲ 15.4% |
| Plant, machinery and equipment23 | - | €3,857 | €14,722 | €11,668 | ▼ 20.7% |
| Furniture and vehicles24 | €38,030 | €46,337 | €64,095 | €55,853 | ▼ 12.9% |
| Financial fixed assets28 | €1,125 | €1,125 | €1,125 | €1,125 | = |
| Current assets29/58 | €140,688 | €176,015 | €289,629 | €532,363 | ▲ 83.8% |
| Stocks and contracts in progress3 | - | €51,000 | - | €45,000 | - |
| Contracts in progress37 | - | €51,000 | - | €45,000 | - |
| Amounts receivable within one year40/41 | €69,613 | €62,778 | €267,528 | €487,363 | ▲ 82.2% |
| Trade receivables40 | €69,387 | €57,249 | €240,977 | €366,769 | ▲ 52.2% |
| Other amounts receivable41 | €226 | €5,529 | €26,551 | €120,594 | ▲ 354% |
| Cash at bank and in hand54/58 | €71,075 | €62,237 | €22,102 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €179,843 | €227,334 | €538,645 | €796,143 | ▲ 47.8% |
| Equity10/15 | €66,901 | €102,944 | €158,428 | €182,612 | ▲ 15.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €64,901 | €100,944 | €156,428 | €180,612 | ▲ 15.5% |
| Amounts payable17/49 | €112,942 | €124,390 | €380,217 | €613,532 | ▲ 61.4% |
| Amounts payable after more than one year17 | - | €4,359 | €168,930 | €217,954 | ▲ 29.0% |
| Financial debts170/4 | - | €4,359 | €168,930 | €217,954 | ▲ 29.0% |
| Amounts payable within one year42/48 | €75,206 | €120,031 | €211,287 | €395,578 | ▲ 87.2% |
| Current portion of amounts payable after more than one year42 | - | €2,077 | €27,277 | €39,104 | ▲ 43.4% |
| Financial debts43 | - | - | - | €21,743 | - |
| Credit institutions430/8 | - | - | - | €21,743 | - |
| Trade debts44 | €37,090 | €53,432 | €97,493 | €215,071 | ▲ 121% |
| Suppliers440/4 | €37,090 | €46,971 | €91,032 | €208,610 | ▲ 129% |
| Bills of exchange payable441 | - | €6,461 | €6,461 | €6,461 | = |
| Taxes, remuneration and social security45 | €27,362 | €48,743 | €86,517 | €119,659 | ▲ 38.3% |
| Taxes450/3 | €26,761 | €35,325 | €33,512 | €46,855 | ▲ 39.8% |
| Remuneration and social security454/9 | €601 | €13,418 | €53,005 | €72,804 | ▲ 37.4% |
| Other amounts payable47/48 | €10,754 | €15,779 | - | - | - |
| Accrued charges and deferred income492/3 | €37,736 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,901 | €36,042 | €55,484 | €24,184 | ▼ 56.4% |
| + Depreciation and write-downs630 | €4,638 | €15,482 | €31,394 | €46,922 | ▲ 49.5% |
| Operating cash flow (approximation) | €69,539 | €51,525 | €86,878 | €71,106 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | -€27,646 | -€229,091 | -€61,687 | ▲ 73.1% |
| Change in cash | - | -€8,838 | -€40,135 | - | - |
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
29-06
Judicial reorganisation
Extension of the stay refused
Tribunal de l’entreprise de Liège · collective agreement · event 24-06-2026
05-05
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement (SME) · event 28-04-2026
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €24,184 ▼56.4%
Net result drops to €24,184, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
31-03
Financial
Equity above €150,000Eq €158,428 ▲53.9%
3 profitable years in a row build equity to €158,428.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €100,000Eq €102,944 ▲53.9%
2 profitable years in a row build equity to €102,944.
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial 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, Mettet · 1 establishment unit since 2021
Ground area
2,760 m²
Building footprint
309 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de Noéchamps, Biesme 42, 5640 Mettet
since 20212.319.488.942
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92087H0017/00G000 | Wallonia | 1,724 m² | 1 · 178 m² | - |
| 92013B0440/00B015 | Wallonia | 1,036 m² | 1 · 131 m² | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 12,291 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
Founded02-07-2021
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
tcm-constructconcept@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770687269
Also
9925:BE0770687269
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.