TCR CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of TCR CONSTRUCTION is 3.7% (moderate). The 2024 annual accounts show equity of €46,713 and a net result of €25,817. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 9973 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+95
Solvency63▲+19
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.03 in 2023; short-term debt: 49.7% and cash: 17.8% of total assets), and 61.6% 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
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.4%
Return on assets
21.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
30 d late
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€46,713▲ 124%
2023 · €20,896
Total assets
€121,615▲ 12.4%
2023 · €108,178
Net result
€25,817
2023 · -€16,624
Working capital
€28,544▲ 1,644%
2023 · €1,637
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
Line202220232024
Operating result€42,070--€16,342€32,766
Net result€33,520above the sector's middle half--€16,624below the sector's middle half€25,817above the sector's middle half
Equity€37,520within the sector's middle half-€20,896within the sector's middle half▼ 44.3%€46,713within the sector's middle half▲ 124%
Total assets€113,983within the sector's middle half-€108,178within the sector's middle half▼ 5.1%€121,615within the sector's middle half▲ 12.4%
Debt€76,463-€87,282▲ 14.1%€74,902▼ 14.2%
Working capital€14,137within the sector's middle half-€1,637within the sector's middle half▼ 88.4%€28,544within the sector's middle half▲ 1,644%
Solvency32.9%within the sector's middle half-19.3%within the sector's middle half▼ 13.6pp38.4%within the sector's middle half▲ 19.1pp
Current ratio1.31within the sector's middle half-1.03below the sector's middle half▼ 0.281.47within the sector's middle half▲ 0.45
Return on assets (ROA)29.4%above the sector's middle half--15.4%below the sector's middle half▼ 44.8pp21.2%above the sector's middle half▲ 36.6pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €32,766 after a loss of €16,342 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116,615
Fixed assets
€27,667 ▼ 33.0%
Current assets
€88,948 ▲ 33.0%
Equity and liabilities €121,615
Equity
€46,713 ▲ 124%
Debt
€74,902 ▼ 14.2%
Debt's share of the balance-sheet total falls from 80.7% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46,420▲
2023 · -€2,768
Cash flow
€39,471▲
2023 · -€3,050
Debt to equity
1.60▼
2023 · 4.18
ROE
55.3%▲
2023 · -79.6%
Interest coverage
265.77▲
2023 · -77.23
Debt ≤ 1 year
€60,404▼
2023 · €65,220
Debt > 1 year
€14,498▼
2023 · €22,062
Income taxes
€6,774▲
2023 · €246
Staff costs
€16,775▼
2023 · €54,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.7% 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 497,338 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 39,278 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 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,389 | €54,594 | €16,775 | ▼ 69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,223 | €13,574 | €13,654 | ▲ 0.6% |
| Other operating charges640/8 | €878 | - | €390 | - |
| Gross operating margin9900 | €57,559 | €51,826 | €63,584 | ▲ 22.7% |
| Operating profit (loss)9901 | €42,070 | -€16,342 | €32,766 | ▲ 300% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €156 | €36 | €175 | ▲ 387% |
| Recurring financial charges65 | €156 | €36 | €175 | ▲ 387% |
| Profit (loss) for the period before taxes9903 | €41,914 | -€16,378 | €32,592 | ▲ 299% |
| Income taxes67/77 | €8,393 | €246 | €6,774 | ▲ 2,649% |
| Profit (loss) for the period9904 | €33,520 | -€16,624 | €25,817 | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €33,520 | -€16,624 | €25,817 | ▲ 255% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €113,983 | €108,178 | €121,615 | ▲ 12.4% |
| Formation expenses20 | - | - | €5,000 | - |
| Fixed assets21/28 | €53,822 | €41,321 | €27,667 | ▼ 33.0% |
| Tangible fixed assets22/27 | €53,459 | €40,958 | €27,304 | ▼ 33.3% |
| Plant, machinery and equipment23 | €7,293 | €5,432 | €2,417 | ▼ 55.5% |
| Furniture and vehicles24 | €46,166 | €35,526 | €24,887 | ▼ 29.9% |
| Financial fixed assets28 | €363 | €363 | €363 | = |
| Current assets29/58 | €60,162 | €66,857 | €88,948 | ▲ 33.0% |
| Stocks and contracts in progress3 | - | €9,884 | - | - |
| Stocks30/36 | - | €9,884 | - | - |
| Amounts receivable within one year40/41 | €29,876 | €47,156 | €61,667 | ▲ 30.8% |
| Trade receivables40 | €20,452 | €43,772 | €53,161 | ▲ 21.5% |
| Other amounts receivable41 | €9,425 | €3,384 | €8,506 | ▲ 151% |
| Cash at bank and in hand54/58 | €23,459 | €1,521 | €21,615 | ▲ 1,321% |
| Deferred charges and accrued income490/1 | €6,827 | €8,296 | €5,665 | ▼ 31.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €113,983 | €108,178 | €121,615 | ▲ 12.4% |
| Equity10/15 | €37,520 | €20,896 | €46,713 | ▲ 124% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €33,520 | €16,896 | €42,713 | ▲ 153% |
| Amounts payable17/49 | €76,463 | €87,282 | €74,902 | ▼ 14.2% |
| Amounts payable after more than one year17 | €29,626 | €22,062 | €14,498 | ▼ 34.3% |
| Financial debts170/4 | €29,626 | €22,062 | €14,498 | ▼ 34.3% |
| Amounts payable within one year42/48 | €46,024 | €65,220 | €60,404 | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | €7,564 | €8,194 | €7,564 | ▼ 7.7% |
| Trade debts44 | €5,387 | €23,202 | €12,526 | ▼ 46.0% |
| Suppliers440/4 | €5,387 | €23,202 | €12,526 | ▼ 46.0% |
| Taxes, remuneration and social security45 | €9,434 | €15,716 | €24,656 | ▲ 56.9% |
| Taxes450/3 | €9,418 | €10,752 | €11,753 | ▲ 9.3% |
| Remuneration and social security454/9 | €15 | €4,964 | €12,903 | ▲ 160% |
| Other amounts payable47/48 | €23,640 | €18,108 | €15,658 | ▼ 13.5% |
| Accrued charges and deferred income492/3 | €813 | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,520 | -€16,624 | €25,817 | ▲ 255% |
| + Depreciation and write-downs630 | €5,223 | €13,574 | €13,654 | ▲ 0.6% |
| Operating cash flow (approximation) | €38,743 | -€3,050 | €39,471 | ▲ 1,394% |
| Investment in fixed assets (approximation) | - | -€1,073 | €0 | ▲ 100% |
| Change in cash | - | -€21,938 | €20,094 | ▲ 192% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €25,817
Net result €25,817 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€16,624
Net result drops to -€16,624, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Tournai · 2 establishment units since 2022
Ground area
2,686 m²
Building footprint
247 m²
Volume, LiDAR
486 m³
3 parcels, Wallonia · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Rue Briqueteau(C.W.) 38, 7903 Leuze-en-Hainaut
since 20222.335.979.437
TCR CONSTRUCTION
since 20222.338.279.030
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57020A0226/00K000 | Wallonia | 1,185 m² | - | - |
| 57020A0271/00L000 | Wallonia | 760 m² | 1 · 126 m² | - |
| 57033C0344/00X005 | Wallonia | 741 m² | 1 · 122 m² | 4.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
Nicolas Humblet (entreprise générale)
BE 0544.973.813
Overijse · Eq €46,725
KRIS DELVEAU
BE 0598.786.047
Hasselt · Eq €46,737
Master Plan Construction
BE 0810.535.265
Fleurus · Eq €46,689
DARLUK
BE 0792.284.023
Dilbeek · Eq €46,741
STRUYS BOUW
BE 0742.900.234
Diest · Eq €46,747
Of 29,786 companies in sector 41001 we hold annual accounts for 16,058. 13,041 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
Founded09-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
81300Landscape service activities
Contact
Phone
0496/512817
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790655116
Also
9925:BE0790655116
Registered
03-04-2026
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.