TDM CONSTRUCT
ActiveSummary
TDM CONSTRUCT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-61
Solvency5▼-28
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 1.0 in 2024; short-term debt: 86.6% and cash: 1.6% of total assets), and equity is negative.
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 · 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 2025Solvency, return and age of the figures
Solvency
-19.7%
Return on assets
-30.2%
Age of the figures
9 mo
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
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 €-14k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
30 d late
2022
23 d late
2021
10 d late
2020
24 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-14k
2024 · €7k
2018: €-3k
2019: €-12k▼ -294% vs 2018
2020: €-11k▲ +14.5% vs 2019
2021: €10k▲ +190% vs 2020highest in 8 years
2022: €2k▼ -75.9% vs 2021
2023: €1k▼ -37.1% vs 2022
2024: €7k▲ +409% vs 2023
2025: €-14k▼ -289% vs 2024lowest in 8 years
2018 → 2025
Total assets
€71k▼ 21.1%
2024 · €90k
2018: €90k
2019: €114k▲ +27.5% vs 2018
2020: €109k▼ -5.1% vs 2019
2021: €133k▲ +22.8% vs 2020highest in 8 years
2022: €110k▼ -17.3% vs 2021
2023: €87k▼ -21.4% vs 2022
2024: €90k▲ +3.7% vs 2023
2025: €71k▼ -21.1% vs 2024lowest in 8 years
2018 → 2025
Net result
€-21k
2024 · €6k
2018: €8k
2019: €-9k▼ -215% vs 2018
2020: €2k▲ +119% vs 2019
2021: €20k▲ +1020% vs 2020highest in 8 years
2022: €-7k▼ -136% vs 2021
2023: €-856▲ +88.2% vs 2022
2024: €6k▲ +794% vs 2023
2025: €-21k▼ -460% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-25k▼ 19,625%
2024 · €-124
2018: €-14k
2019: €-9k▲ +30.0% vs 2018
2020: €-12k▼ -29.4% vs 2019
2021: €6k▲ +152% vs 2020highest in 8 years
2022: €-2k▼ -124% vs 2021
2023: €-8k▼ -441% vs 2022
2024: €-124▲ +98.5% vs 2023
2025: €-25k▼ -19625% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€2k▼ 75.9%€1k▼ 37.1%€7k▲ 409%€-14k
2021: €10khighest in 5 years
2022: €2k▼ -75.9% vs 2021
2023: €1k▼ -37.1% vs 2022
2024: €7k▲ +409% vs 2023
2025: €-14k▼ -289% vs 2024lowest in 5 years
Operating result€26k-€-3k€5k€17k▲ 271%€-16k
2021: €26khighest in 5 years
2022: €-3k▼ -112% vs 2021
2023: €5k▲ +240% vs 2022
2024: €17k▲ +271% vs 2023
2025: €-16k▼ -193% vs 2024lowest in 5 years
Net result€20k-€-7k€-856▲ 88.2%€6k€-21k
2021: €20khighest in 5 years
2022: €-7k▼ -136% vs 2021
2023: €-856▲ +88.2% vs 2022
2024: €6k▲ +794% vs 2023
2025: €-21k▼ -460% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €17k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€34k ▼ 29.1%
Current assets
€37k ▼ 12.0%
Key figures and ratios
EBITDA
€828▼
2024 · €32k
Cash flow
€-5k▼
2024 · €21k
Solvency
-19.7%▼
2024 · 8.2%
Current ratio
0.60▼
2024 · 1.00
Quick ratio
0.55▼
2024 · 1.00
Debt to equity
-6.07▼
2024 · 11.16
ROA
-30.2%▼
2024 · 6.6%
Interest coverage
0.16▼
2024 · 4.16
Debt
€85k▲
2024 · €82k
Debt ≤ 1 year
€61k▲
2024 · €42k
Debt > 1 year
€23k▼
2024 · €40k
Income taxes
€758▼
2024 · €3k
Staff costs
€205k▲
2024 · €201k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€71k▼
Fixed assets21/28€48k€34k▼
Tangible fixed assets22/27€46k€32k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€46k€30k▼
Financial fixed assets28€2k€2k=
Current assets29/58€42k€37k▼
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€36k€33k▼
Trade receivables40€36k€31k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€5k€1k▼
Deferred charges and accrued income490/1€342-
Equity and liabilities
Total equity and liabilities10/49€90k€71k▼
Equity10/15€7k€-14k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-13k€-34k▼
Amounts payable17/49€82k€85k▲
Amounts payable after more than one year17€40k€23k▼
Financial debts170/4€40k€23k▼
Amounts payable within one year42/48€42k€61k▲
Current portion of amounts payable after more than one year42€10k€13k▲
Trade debts44€21k€45k▲
Suppliers440/4€21k€45k▲
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€4k€895▼
Remuneration and social security454/9€5k€1k▼
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€20k-
Remuneration, social security and pensions62€201k€205k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€40k
Gross operating margin9900€235k€247k▲
Operating profit (loss)9901€17k€-16k▼
Financial income75/76B-€236
Recurring financial income75-€236
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Non-recurring financial charges66B€126-
Profit (loss) for the period before taxes9903€9k€-21k▼
Income taxes67/77€3k€758▼
Profit (loss) for the period9904€6k€-21k▼
Profit (loss) for the period to be appropriated9905€6k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-34k▼
Profit (loss) brought forward from the previous period14P€-19k€-13k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10k | - | - | €20k | - | - |
| Remuneration, social security and pensions62 | €180k | €225k | €203k | €201k | €205k | ▲ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €12k | €15k | €16k | ▲ 6.2% |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | €1k | ▼ 46.6% |
| Non-recurring operating charges66A | €10k | - | - | - | €40k | - |
| Gross operating margin9900 | €223k | €235k | €221k | €235k | €247k | ▲ 4.8% |
| Operating profit (loss)9901 | €26k | €-3k | €5k | €17k | €-16k | ▼ 193% |
| Financial income75/76B | €0 | €2k | - | - | €236 | - |
| Recurring financial income75 | €0 | €2k | - | - | €236 | - |
| Financial charges65/66B | €5k | €6k | €5k | €8k | €5k | ▼ 32.4% |
| Recurring financial charges65 | €5k | €6k | €5k | €8k | €5k | ▼ 31.3% |
| Non-recurring financial charges66B | - | - | - | €126 | - | - |
| Profit (loss) for the period before taxes9903 | €21k | €-7k | €-676 | €9k | €-21k | ▼ 333% |
| Income taxes67/77 | €913 | €134 | €180 | €3k | €758 | ▼ 74.0% |
| Profit (loss) for the period9904 | €20k | €-7k | €-856 | €6k | €-21k | ▼ 460% |
| Profit (loss) for the period to be appropriated9905 | €20k | €-7k | €-856 | €6k | €-21k | ▼ 460% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133k | €110k | €87k | €90k | €71k | ▼ 21.1% |
| Fixed assets21/28 | €34k | €43k | €31k | €48k | €34k | ▼ 29.1% |
| Tangible fixed assets22/27 | €32k | €41k | €29k | €46k | €32k | ▼ 30.5% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | €32k | €41k | €29k | €46k | €30k | ▼ 35.0% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €99k | €67k | €56k | €42k | €37k | ▼ 12.0% |
| Stocks and contracts in progress3 | - | - | €7k | - | €3k | - |
| Stocks30/36 | - | - | €7k | - | €3k | - |
| Amounts receivable within one year40/41 | €68k | €62k | €37k | €36k | €33k | ▼ 10.1% |
| Trade receivables40 | €65k | €56k | €35k | €36k | €31k | ▼ 13.7% |
| Other amounts receivable41 | €4k | €7k | €2k | - | €1k | - |
| Cash at bank and in hand54/58 | €31k | €5k | €12k | €5k | €1k | ▼ 77.6% |
| Deferred charges and accrued income490/1 | - | - | €105 | €342 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133k | €110k | €87k | €90k | €71k | ▼ 21.1% |
| Equity10/15 | €10k | €2k | €1k | €7k | €-14k | ▼ 289% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-11k | €-18k | €-19k | €-13k | €-34k | ▼ 164% |
| Amounts payable17/49 | €124k | €108k | €85k | €82k | €85k | ▲ 2.9% |
| Amounts payable after more than one year17 | €31k | €39k | €21k | €40k | €23k | ▼ 42.0% |
| Financial debts170/4 | €31k | €39k | €21k | €40k | €23k | ▼ 42.0% |
| Amounts payable within one year42/48 | €93k | €68k | €64k | €42k | €61k | ▲ 46.1% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €10k | €13k | ▲ 30.3% |
| Trade debts44 | €72k | €53k | €44k | €21k | €45k | ▲ 116% |
| Suppliers440/4 | €72k | €53k | €44k | €21k | €45k | ▲ 116% |
| Taxes, remuneration and social security45 | €6k | €635 | €1k | €8k | €2k | ▼ 75.5% |
| Taxes450/3 | €928 | €149 | €147 | €4k | €895 | ▼ 74.9% |
| Remuneration and social security454/9 | €5k | €486 | €1k | €5k | €1k | ▼ 75.9% |
| Other amounts payable47/48 | - | - | €4k | €3k | €2k | ▼ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €-7k | €-856 | €6k | €-21k | ▼ 460% |
| + Depreciation and write-downs630 | €6k | €12k | €12k | €15k | €16k | ▲ 6.2% |
| Operating cash flow (approximation) | €26k | €4k | €12k | €21k | €-5k | ▼ 123% |
| Investment in fixed assets (approximation) | - | €-21k | €0 | €-33k | €-2k | ▲ 92.6% |
| Change in cash | - | €-26k | €7k | €-7k | €-4k | ▲ 41.1% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Highest result since 2018net €20k ▲1,020%
Operating result €26k, net result €20k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 38 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, La Louvière · 1 establishment unit since 2006
Ground area
442 m²
Building footprint
95 m²
Volume, LiDAR
685 m³
Parcel 55015A0140/00F002, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TDM CONSTRUCT SPRL
since 20062.152.313.105
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55015A0140/00F002 | Wallonia | 441 m² | 1 · 95 m² | 9.4 m · 2 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,042 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
Founded14-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.