Equity
-€13,992
Debts exceed assets in financial year 2025.
TDM CONSTRUCT
Lifetime
20 annual accounts with figures on one time axispeak €246,774 (2025)
€246,774▲ 4.8%
lowest -€28,666 (2009)
-€21,381▼ €27,320
peak €25,245 (2006)
-€13,992▼ €21,381
€84,871▲ 2.9%
peak 8.7 FTE (2009)
-not published
Board1 name since 2006
1 directorMauritz RINGOIR
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Loss of €21,381Equity from €7,389 to -€13,992Cash from €5,165 to €1,155
Key points
from the 2025 annual accountsTurnover
≈ €810,000 estimated
The micro format states no turnover.
Debts
€84,871 120% of the balance sheet
Financial debts 28%Suppliers 53%Taxes and wages 2%Other 17%
Of this, €61,406 falls due within a year.
Staff
4.2 FTE from 8.7 in 2009
Between 2009 and 2025, 52% of the full-time equivalents disappeared.
Filings
20 annual accounts since 2006
Ten of the last ten came late. The 2016 accounts came latest: 38 days after the end of the period.
Position in the sector
-€13,992
Less equity than 92% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
Checked score
50
Fair
Financially stronger than 6% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025lowest value
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 0.9%▼ -0.5 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.7 percentage points vs 07-2026
09-2026: 2.2%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 2.2%● unchanged vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €21,381 (financial year 2025)
Negative equity -€13,992
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: total assets €70,879
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 7% of them on solvency, 6% on liquidity, 10% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as TDM CONSTRUCT has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TDM CONSTRUCT itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for TDM CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (1.0 in 2024), below 1. Short-term debt is 86.6% and cash 1.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,992
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
28 days late
2023
30 days late
2022
23 days late
2021
10 days late
2020
24 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879945101
Amendment of the articles · Legal-form change · Resignations & appointments
Director in office: Mauritz RINGOIR · Gazette deed
Incorporation
published on 24-03-2006 · Gazette deed
First establishment
TDM CONSTRUCT SPRL, Rue Emile Nève (L.L) 79, La Louvière
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TDM CONSTRUCT La Louvière | €70,879 | €246,774 | -19.7% | - |
| MP CONSTRUCTIONS Rendeux | €73,008 | €194,362 | 8.4% | - |
| Etablissements DUWEZ Tournai | €54,628 | €193,989 | 11.4% | - |
| AML CONSTRUCT Charleroi | €77,385 | €296,805 | 59.0% | - |
| SVN Antwerp | €76,362 | €297,732 | -251.3% | - |
| WG CONCEPT Marchin | €87,831 | €205,008 | 77.4% | - |
| ANDRE Rudy Florennes | €109,507 | €263,446 | 29.1% | - |
These companies have the same main activity as TDM CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €54,600 and €110,000, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 14-03-2006Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.152.313.1057100 La Louvière, since 24-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Insights on TDM CONSTRUCT
TDM CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €63,868 in 2006 to €246,774 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TDM CONSTRUCT
- What is the company number of TDM CONSTRUCT?
- The company number of TDM CONSTRUCT is 0879.945.101. The VAT number is the same number with BE in front: BE 0879.945.101.
- Where is TDM CONSTRUCT based?
- The registered office is at Rue Emile Nève 79, 7100 La Louvière.Company details
- What does TDM CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of TDM CONSTRUCT?
- TDM CONSTRUCT is a private limited company (BV).
- When was TDM CONSTRUCT founded?
- TDM CONSTRUCT was founded on 14-03-2006.
- Is TDM CONSTRUCT still active?
- Yes, TDM CONSTRUCT is an active enterprise in the KBO register.
- How many employees does TDM CONSTRUCT have?
- TDM CONSTRUCT had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TDM CONSTRUCT fall under?
- In its 2025 annual accounts, TDM CONSTRUCT states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TDM CONSTRUCT?
- The turnover in financial year 2025 is ≈ €810,000. This figure is estimated from the gross margin of €246,774 and 97 comparable companies (NACE 41001). It probably lies between €570,000 and €1.3m.
- Is TDM CONSTRUCT profitable?
- In financial year 2025, TDM CONSTRUCT made a loss of €21,381.
- Where can I find the annual accounts of TDM CONSTRUCT?
- TDM CONSTRUCT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TDM CONSTRUCT due?
- TDM CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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