TDC Construct
ActiveSummary
The computed 12-month bankruptcy probability of TDC Construct is 2.6% (moderate). The 2024 annual accounts show equity of €10k and a net result of €1k. Equity is shrinking by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-23
Solvency44▼-8
Growth55=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
19.3%
Return on assets
2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
40 d early
2022
84 d late
2021
152 d late
2020
234 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€279k▲ 114%
2020 · €130k
2020: €130k
2021: €279k▲ +114% vs 2020
2020 → 2021
EBIT margin
3.3%▼ 3.0pp
2020 · 6.2%
2020: 6.2%
2021: 3.3%▼ -47.9% vs 2020
2020 → 2021
Net result
€1k▼ 72.1%
2023 · €4k
2020: €6k
2021: €7k▲ +8.5% vs 2020highest in 5 years
2022: €-22k▼ -437% vs 2021lowest in 5 years
2023: €4k▲ +117% vs 2022
2024: €1k▼ -72.1% vs 2023
2020 → 2024
Working capital
€7k
2023 · €-1k
2020: €18k
2021: €23k▲ +29.9% vs 2020highest in 5 years
2022: €-4k▼ -119% vs 2021lowest in 5 years
2023: €-1k▲ +71.6% vs 2022
2024: €7k▲ +700% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€130k-€279k▲ 114%
2020: €130k
2021: €279k▲ +114% vs 2020
Equity€21k-€28k▲ 31.2%€5k▼ 80.1%€9k▲ 68.1%€10k▲ 11.3%
2020: €21k
2021: €28k▲ +31.2% vs 2020highest in 5 years
2022: €5k▼ -80.1% vs 2021lowest in 5 years
2023: €9k▲ +68.1% vs 2022
2024: €10k▲ +11.3% vs 2023
Operating result€8k-€9k▲ 11.7%€-22k€4k€2k▼ 57.3%
2020: €8k
2021: €9k▲ +11.7% vs 2020highest in 5 years
2022: €-22k▼ -347% vs 2021lowest in 5 years
2023: €4k▲ +119% vs 2022
2024: €2k▼ -57.3% vs 2023
Net result€6k-€7k▲ 8.5%€-22k€4k€1k▼ 72.1%
2020: €6k
2021: €7k▲ +8.5% vs 2020highest in 5 years
2022: €-22k▼ -437% vs 2021lowest in 5 years
2023: €4k▲ +117% vs 2022
2024: €1k▼ -72.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€12k ▲ 16.7%
Current assets
€41k ▲ 77.6%
Equity and liabilities €53k
Equity
€10k ▲ 11.3%
Debt
€43k ▲ 76.6%
Debt's share of the balance-sheet total rises from 72.6% to 80.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2023 · €6k
Cash flow
€3k▼
2023 · €5k
Current ratio
1.22▲
2023 · 0.95
Quick ratio
1.12▲
2023 · 0.95
Debt to equity
4.19▲
2023 · 2.64
ROE
10.2%▼
2023 · 40.5%
ROA
2.0%▼
2023 · 11.1%
Interest coverage
4.61▼
2023 · 10.06
Debt ≤ 1 year
€34k▲
2023 · €24k
Debt > 1 year
€9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€34k€53k▲
Fixed assets21/28€10k€12k▲
Tangible fixed assets22/27€8k€10k▲
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€462€405▼
Financial fixed assets28€2k€2k=
Current assets29/58€23k€41k▲
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€21k€21k▼
Trade receivables40€21k€16k▼
Other amounts receivable41€35€5k▲
Current investments50/53-€1k
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€121€16k▲
Equity and liabilities
Total equity and liabilities10/49€34k€53k▲
Equity10/15€9k€10k▲
Contributions10/11€15k€15k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-18k€-17k▲
Amounts payable17/49€24k€43k▲
Amounts payable after more than one year17-€9k
Financial debts170/4-€9k
Amounts payable within one year42/48€24k€34k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€10k€8k▼
Suppliers440/4€10k€8k▼
Taxes, remuneration and social security45-€5k
Taxes450/3-€4k
Remuneration and social security454/9-€2k
Other amounts payable47/48€14k€17k▲
Income statement
Code20232024
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€443€1k▲
Gross operating margin9900€8k€5k▼
Operating profit (loss)9901€4k€2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€579€801▲
Recurring financial charges65€579€801▲
Profit (loss) for the period before taxes9903€4k€1k▼
Profit (loss) for the period9904€4k€1k▼
Profit (loss) for the period to be appropriated9905€4k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-17k▲
Profit (loss) brought forward from the previous period14P€-22k€-18k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €130k | €279k | - | - | - | - |
| Non-recurring operating income76A | - | €7k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €248k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €21k | €23k | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €305 | €518 | €1k | €2k | €2k | ▲ 22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5k | - | - | - | - |
| Other operating charges640/8 | - | €2k | €4k | €443 | €1k | ▲ 191% |
| Gross operating margin9900 | €12k | €38k | €6k | €8k | €5k | ▼ 37.5% |
| Operating profit (loss)9901 | €8k | €9k | €-22k | €4k | €2k | ▼ 57.3% |
| Financial income75/76B | - | €298 | €25 | €0 | - | - |
| Recurring financial income75 | - | €298 | €25 | €0 | - | - |
| Non-recurring financial income76B | - | €298 | - | - | - | - |
| Financial charges65/66B | - | €298 | €543 | €579 | €801 | ▲ 38.4% |
| Recurring financial charges65 | - | €298 | €543 | €579 | €801 | ▲ 38.4% |
| Non-recurring financial charges66B | - | €298 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €8k | €9k | €-23k | €4k | €1k | ▼ 72.1% |
| Income taxes67/77 | €2k | €3k | €-765 | - | - | - |
| Profit (loss) for the period9904 | €6k | €7k | €-22k | €4k | €1k | ▼ 72.1% |
| Profit (loss) for the period to be appropriated9905 | €6k | €7k | €-22k | €4k | €1k | ▼ 72.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €64k | €12k | €34k | €53k | ▲ 58.7% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €3k | €4k | €10k | €10k | €12k | ▲ 16.7% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1k | €2k | €8k | €8k | €10k | ▲ 20.9% |
| Land and buildings22 | - | - | €5k | €5k | €5k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €2k | €2k | €3k | €5k | ▲ 74.1% |
| Furniture and vehicles24 | - | €578 | €520 | €462 | €405 | ▼ 12.5% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €34k | €59k | €3k | €23k | €41k | ▲ 77.6% |
| Stocks and contracts in progress3 | - | - | - | - | €3k | - |
| Stocks30/36 | - | - | - | - | €3k | - |
| Amounts receivable within one year40/41 | €27k | €42k | €1k | €21k | €21k | ▼ 2.7% |
| Trade receivables40 | - | €15k | €0 | €21k | €16k | ▼ 27.0% |
| Other amounts receivable41 | - | €27k | €1k | €35 | €5k | ▲ 14,796% |
| Current investments50/53 | - | - | - | - | €1k | - |
| Cash at bank and in hand54/58 | €2k | €17k | €1k | €2k | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €121 | €16k | ▲ 13,261% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €64k | €12k | €34k | €53k | ▲ 58.7% |
| Equity10/15 | €21k | €28k | €5k | €9k | €10k | ▲ 11.3% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Capital10 | - | €15k | - | - | - | - |
| Issued capital100 | - | €15k | - | - | - | - |
| Reserves13 | €6k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | - | €13k | €13k | €13k | €13k | = |
| Profit (loss) carried forward14 | - | - | €-22k | €-18k | €-17k | ▲ 5.7% |
| Amounts payable17/49 | €16k | €36k | €7k | €24k | €43k | ▲ 76.6% |
| Amounts payable after more than one year17 | - | - | - | - | €9k | - |
| Financial debts170/4 | - | - | - | - | €9k | - |
| Amounts payable within one year42/48 | €16k | €36k | €7k | €24k | €34k | ▲ 38.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €8k | €25k | €4k | €10k | €8k | ▼ 24.7% |
| Suppliers440/4 | - | €25k | €4k | €10k | €8k | ▼ 24.7% |
| Taxes, remuneration and social security45 | - | €8k | - | - | €5k | - |
| Taxes450/3 | - | €6k | - | - | €4k | - |
| Remuneration and social security454/9 | - | €2k | - | - | €2k | - |
| Other amounts payable47/48 | - | €4k | €3k | €14k | €17k | ▲ 19.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €7k | €-22k | €4k | €1k | ▼ 72.1% |
| + Depreciation and write-downs630 | €305 | €518 | €1k | €2k | €2k | ▲ 22.7% |
| Operating cash flow (approximation) | €6k | €7k | €-21k | €5k | €3k | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-7k | €-2k | €-4k | ▼ 65.6% |
| Change in cash | - | €15k | €-16k | €472 | - | - |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
2021
31-12
Financial
Highest result since 2020net €7k ▲8.5%
Operating result €9k, net result €7k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2019
Ground area
740 m²
Building footprint
611 m²
Volume, LiDAR
13,251 m³
Parcel 44804D2709/00K008, Flanders · tallest building 29.0 m, ±9 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
TDC Construct
since 20192.297.357.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2709/00K008 | Flanders | 740 m² | 1 · 611 m² | 29.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,101 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
Founded09-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
68110Buying and selling of own real estate
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.