TCONSTRUCT
ActiveTCONSTRUCT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €17k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 32% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (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
Profitability85▼-1
Solvency56▲+7
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 5.16 in 2024; short-term debt: 31% and cash: 61.2% of total assets), but 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
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
30.7%
Return on assets
12.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €42k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d late
2023
44 d late
2022
17 d early
2021
58 d early
2020
3 d early
2019
97 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 71.5%
2024 · €24k
2018: €34k
2019: €25k
2020: €23k
2021: €32k
2022: €36k
2023: €10k
2024: €24k
2018 → 2025
Total assets
€136k▲ 31.6%
2024 · €103k
2018: €73k
2019: €87k
2020: €80k
2021: €89k
2022: €139k
2023: €104k
2024: €103k
2018 → 2025
Net result
€17k▲ 20.0%
2024 · €14k
2018: €-6k
2019: €-9k
2020: €-2k
2021: €9k
2022: €4k
2023: €-26k
2024: €14k
2018 → 2025
Working capital
€75k▲ 1.5%
2024 · €74k
2018: €25k
2019: €16k
2020: €18k
2021: €24k
2022: €11k
2023: €49k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€36k▲ 12.5%€10k▼ 72.3%€24k▲ 147%€42k▲ 71.5%
Operating result€10k-€7k▼ 36.7%€-23k€19k€26k▲ 35.6%
Net result€9k-€4k▼ 53.6%€-26k€14k€17k▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€19k▲ 63.7%
Current assets
€117k▲ 27.7%
Equity and liabilities €136k
Equity
€42k▲ 71.5%
Debt
€94k▲ 19.3%
The debt ratio falls from 76.4% to 69.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €37k
Cash flow
€29k▼
2024 · €33k
Solvency
30.7%▲
2024 · 23.6%
Current ratio
2.79▼
2024 · 5.16
Quick ratio
2.79▼
2024 · 5.16
Debt / equity
2.26▼
2024 · 3.24
ROE
41.7%▼
2024 · 59.5%
ROA
12.8%▼
2024 · 14.0%
Interest coverage
22.77▲
2024 · 13.05
Debt
€94k▲
2024 · €79k
Debt ≤ 1 year
€42k▲
2024 · €18k
Debt > 1 year
€52k▼
2024 · €61k
Income taxes
€7k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103k€136k▲
Fixed assets21/28€11k€19k▲
Tangible fixed assets22/27€11k€19k▲
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24€6k€10k▲
Current assets29/58€92k€117k▲
Amounts receivable within one year40/41€44k€34k▼
Trade receivables40€13k-
Other amounts receivable41€31k€34k▲
Cash at bank and in hand54/58€47k€83k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€103k€136k▲
Equity10/15€24k€42k▲
Contributions10/11€12k€12k=
Reserves13€29k€46k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€27k€44k▲
Profit (loss) carried forward14€-17k€-17k=
Amounts payable17/49€79k€94k▲
Amounts payable after more than one year17€61k€52k▼
Financial debts170/4€61k€52k▼
Amounts payable within one year42/48€18k€42k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€6k€22k▲
Suppliers440/4€6k€22k▲
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€8k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3-€225
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€11k▼
Other operating charges640/8€516€465▼
Gross operating margin9900€38k€38k▼
Operating profit (loss)9901€19k€26k▲
Financial income75/76B€31€9▼
Recurring financial income75€31€9▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€16k€24k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€14k€17k▲
Profit (loss) for the period to be appropriated9905€14k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€507▲
Profit (loss) brought forward from the previous period14P€-17k€-17k=
Transfer to equity691/2€14k€17k▲
To other reserves6921€14k€17k▲
The notes to these accounts (7 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €17k ▲20%
Operating result €26k, net result €17k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Weakest financial yearnet €-26k ▼750%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.16 to 2.89; short-term debt falls from €72k to €26k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 224 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Bierbeek · 1 establishment unit since 2011
Ground area
356 m²
Building footprint
82 m²
Volume, LiDAR
523 m³
Parcel 24053B0091/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T Construct
since 20112.196.436.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0091/00R000 | Flanders | 356 m² | 1 · 82 m² | 9.9 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.
Similar companies · same sector, comparable size
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ISO-SPOUW
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TH & CONFORT
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IVANOV CONSTRUCT
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,003 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2010
Fiscal year end31-12
Abbreviation NL
TC
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43992Specialised construction activities
43994Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.