TEC CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of TEC CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €237k and a net result of €55k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 36373 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79=
Solvency60▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.33 in 2023; short-term debt: 52.7% and cash: 9.4% of total assets), but 64.7% of the assets are financed with debt.
Credit advice 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 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
61 d late
2022
75 d late
2021
89 d late
2020
61 d late
2019
95 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55k▼ 2.5%
2023 · €56k
2018: €61k
2019: €62k
2020: €-46k
2021: €87k
2022: €76k
2023: €56k
2018 → 2024
Working capital
€178k▲ 40.2%
2023 · €127k
2018: €110k
2019: €95k
2020: €35k
2021: €107k
2022: €135k
2023: €127k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€143k▲ 159%€178k▲ 24.9%€200k▲ 12.0%€237k▲ 18.8%
Operating result€-12k-€108k€83k▼ 23.8%€91k▲ 10.1%€79k▼ 13.7%
Net result€-46k-€87k€76k▼ 13.6%€56k▼ 25.4%€55k▼ 2.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €672k
Fixed assets
€140k▼ 20.6%
Current assets
€532k▲ 3.5%
Equity and liabilities €672k
Equity
€237k▲ 18.8%
Debt
€435k▼ 11.4%
The debt ratio falls from 71.1% to 64.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▼
2023 · €128k
Cash flow
€93k▼
2023 · €94k
Solvency
35.3%▲
2023 · 28.9%
Current ratio
1.50▲
2023 · 1.33
Quick ratio
1.38▲
2023 · 1.13
Debt / equity
1.83▼
2023 · 2.46
ROE
23.2%▼
2023 · 28.2%
ROA
8.2%▲
2023 · 8.2%
Interest coverage
6.67▼
2023 · 7.75
Debt
€435k▼
2023 · €490k
Debt ≤ 1 year
€354k▼
2023 · €387k
Debt > 1 year
€81k▼
2023 · €104k
Income taxes
€12k▼
2023 · €18k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€690k€672k▼
Fixed assets21/28€176k€140k▼
Tangible fixed assets22/27€170k€134k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€16k€7k▼
Leasing and similar rights25€145k€120k▼
Financial fixed assets28€6k€6k=
Current assets29/58€514k€532k▲
Stocks and contracts in progress3€77k€43k▼
Stocks30/36€64k€43k▼
Contracts in progress37€13k€0▼
Amounts receivable within one year40/41€348k€422k▲
Trade receivables40€261k€329k▲
Other amounts receivable41€88k€94k▲
Cash at bank and in hand54/58€84k€63k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€690k€672k▼
Equity10/15€200k€237k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€16k€16k=
Profit (loss) carried forward14€176k€201k▲
Investment grants15-€13k
Amounts payable17/49€490k€435k▼
Amounts payable after more than one year17€104k€81k▼
Financial debts170/4€104k€81k▼
Amounts payable within one year42/48€387k€354k▼
Current portion of amounts payable after more than one year42€29k€29k▲
Trade debts44€308k€277k▼
Suppliers440/4€308k€277k▼
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€12k€18k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€35k€30k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€14k€383▼
Gross operating margin9900€148k€117k▼
Operating profit (loss)9901€91k€79k▼
Financial income75/76B€0€6k▲
Recurring financial income75€0€6k▲
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€74k€67k▼
Income taxes67/77€18k€12k▼
Profit (loss) for the period9904€56k€55k▼
Profit (loss) for the period to be appropriated9905€56k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€231k▲
Profit (loss) brought forward from the previous period14P€155k€176k▲
Profit to be distributed694/7€35k€30k▼
Return on contributions (dividend)694€35k€30k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €200kEq €237k ▲18.8%
4 profitable years in a row build equity to €237k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 75 days late
2022
31-12
Financial
Equity above €150kEq €178k ▲24.9%
2 profitable years in a row build equity to €178k.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 89 days late
2021
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
31-12
Financial
Equity above €100kEq €143k ▲159%
Equity rises from €55k to €143k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-46k ▼174%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 26 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Adrien Bayetlaan 621020 BrusselGround area
9,408 m²
Building footprint
5,010 m²
Volume, LiDAR
1,834 m³
2 parcels, Brussels, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
TEC CONSTRUCT
since 20152.240.482.739
.
since 20172.268.868.107
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0554/00B000 | Flanders | 9,216 m² | 1 · 4,852 m² | 0.5 m |
| 21816H0109/00A012 | Brussels | 192 m² | 1 · 158 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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
POOT
BE 0723.932.774
Dendermonde · Eq €237k
ACS FIRE PROTECTION
BE 0878.089.728
Brugge · Eq €236k
Algemene Bouwonderneming Gino Vrombaut
BE 0889.857.907
Maldegem · Eq €236k
RENOX
BE 0549.983.268
Arendonk · Eq €238k
ML Works
BE 0770.551.469
Brasschaat · Eq €238k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-02-2015
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
77394Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.