Equity
TEC CONSTRUCT paid out €30,000 in dividends. That is 55% of the 2024 profit.
TEC CONSTRUCT paid out €30,000 in dividends. That is 55% of the 2024 profit.
2025 accounts not filed: deadline was 31-07-2026.
Higher net result than 88% of companies in specialised construction. Sector median €9,467 · 35,925 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 37% of them on solvency, 23% on liquidity, 57% on profitability and 66% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2024.
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).
In July 2024, 17,811 companies had the same profile as TEC CONSTRUCT has now. Each dot stands for 45 companies, two years later.
The bankruptcy probability of TEC CONSTRUCT itself is higher: 2.1% within 12 months. It rests on far more data about TEC CONSTRUCT than the profile alone.
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 17,811 companies, not a prediction for TEC 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.
Liquidity is ample, with a current ratio of 1.5 (1.33 in 2023), above the usual 1.5. Short-term debt is 52.7% and cash 9.4% of total assets. However, 64.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 74 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TEC CONSTRUCT Brussels | €671,851 | €117,451 | 35.3% | - |
| Dirk De Rudder Overijse | €644,725 | €127,495 | 40.1% | - |
| M.N. CONSTRUCT Etterbeek | €740,303 | €157,689 | 41.5% | 1 |
| BUK Anderlecht | €521,980 | €121,841 | 72.7% | - |
| LuxeImmo Ixelles | €888,574 | €119,312 | 38.8% | - |
| IMMO CREATIV Anderlecht | €981,253 | €148,853 | 36.9% | 1 |
| RS Lift & Techniques Jodoigne | €681,533 | €155,688 | 29.4% | - |
These companies have the same main activity as TEC CONSTRUCT: other construction installation (NACE 43240). They are comparable in size and age: total assets between €522,000 and €981,000, founded between 2013 and 2016.
TEC CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €49,061 in 2015 to €117,451 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 8 November 2026.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €290,000 and €440,000.
Higher than 37% of 35,956 companies in 2024.
Higher than 41% of 35,354 companies in 2024.
Higher than 55% of 35,538 companies in 2024.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
671,851 | 690,056 | 558,835 | 386,816 | 274,262 | 289,423 | 202,075 | 106,908 | 63,131 | 76,776 | |
21/28 |
139,793 | 176,088 | 54,642 | 60,687 | 58,479 | 33,992 | 16,771 | 774 | 6,100 | 16,200 | |
22/27 |
133,743 | 170,038 | 54,442 | 60,487 | 58,279 | 33,992 | 16,771 | 774 | 6,100 | 16,200 | |
23 |
6,610 | 8,650 | 5,875 | 9,382 | 2,928 | 3,653 | 387 | 774 | - | - | |
24 |
6,658 | 16,083 | 29,133 | 24,871 | 22,317 | 30,338 | 16,385 | - | 6,100 | 16,200 | |
25 |
120,475 | 145,304 | 19,434 | 26,234 | - | - | - | - | - | - | |
28 |
6,050 | 6,050 | 200 | 200 | 200 | - | - | - | - | - | |
29/58 |
532,057 | 513,969 | 504,193 | 326,129 | 215,783 | 255,432 | 185,304 | 106,135 | 57,031 | 60,576 | |
3 |
42,545 | 76,773 | 68,267 | - | - | - | - | 5,786 | - | - | |
30/36 |
42,545 | 63,609 | 68,267 | - | - | - | - | 5,786 | - | - | |
37 |
0 | 13,164 | - | - | - | - | - | - | - | - | |
40/41 |
422,454 | 348,205 | 351,693 | 209,428 | 179,324 | 189,252 | 152,235 | 95,131 | 56,187 | 35,054 | |
40 |
328,585 | 260,655 | 303,766 | 181,916 | 169,166 | 107,214 | 142,090 | 66,007 | 22,295 | 28,074 | |
41 |
93,870 | 87,549 | 47,927 | 27,512 | 10,158 | 82,039 | 10,146 | 29,123 | 33,892 | 6,980 | |
54/58 |
63,033 | 84,424 | 79,407 | 112,808 | 32,025 | 61,132 | 31,448 | 5,218 | 844 | 25,523 | |
490/1 |
4,025 | 4,567 | 4,826 | 3,894 | 4,434 | 5,047 | 1,620 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
671,851 | 690,056 | 558,835 | 386,816 | 274,262 | 289,423 | 202,075 | 106,908 | 63,131 | 76,776 | |
10/15 |
237,079 | 199,559 | 178,225 | 142,711 | 55,172 | 104,396 | 112,282 | 66,939 | 41,181 | 32,946 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
1109/19 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
13 |
17,360 | 17,360 | 17,360 | 17,360 | 17,360 | 17,360 | 17,360 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
132 |
15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | - | - | - | |
14 |
200,899 | 175,999 | 154,665 | 119,151 | 31,612 | 80,836 | 88,722 | 58,879 | 33,121 | 24,886 | |
15 |
12,620 | - | - | - | - | - | - | - | - | - | |
17/49 |
434,771 | 490,498 | 380,611 | 244,106 | 219,090 | 185,028 | 89,793 | 39,969 | 21,950 | 43,830 | |
17 |
80,827 | 103,592 | 11,806 | 24,539 | 38,523 | 25,071 | 14,498 | - | 5,767 | 11,880 | |
170/4 |
80,827 | 103,592 | 11,806 | 24,539 | 38,523 | 25,071 | 14,498 | - | 5,767 | 11,880 | |
42/48 |
353,944 | 386,905 | 368,805 | 219,567 | 180,509 | 159,957 | 75,295 | 39,969 | 16,183 | 31,950 | |
42 |
28,907 | 28,670 | 18,907 | 24,952 | 23,997 | 14,815 | 9,727 | 5,767 | 6,113 | 10,933 | |
44 |
276,951 | 308,048 | 265,307 | 127,031 | 128,335 | 64,990 | 16,276 | 27,099 | 9,870 | 20,781 | |
440/4 |
276,951 | 308,048 | 265,307 | 127,031 | 128,335 | 64,990 | 16,276 | 27,099 | 9,870 | 20,781 | |
46 |
- | - | - | - | 4,300 | - | - | - | - | - | |
45 |
18,086 | 15,187 | 44,592 | 67,583 | 17,720 | 8,302 | 39,291 | 7,104 | 200 | - | |
450/3 |
18,086 | 12,140 | 40,667 | 62,460 | 12,479 | 5,559 | 35,675 | 5,032 | - | - | |
454/9 |
- | 3,047 | 3,925 | 5,123 | 5,241 | 2,742 | 3,616 | 2,072 | 200 | - | |
47/48 |
30,000 | 35,000 | 40,000 | - | 6,157 | 71,850 | 10,000 | - | - | 235 | |
492/3 |
- | - | - | - | 58 | - | - | - | - | - | |
| Income statement | |||||||||||
9900 |
117,451 | 147,674 | 119,926 | 160,427 | 36,293 | 131,474 | 101,014 | 47,898 | 24,609 | 49,061 | |
62 |
- | - | 12,886 | 25,354 | 22,992 | 22,676 | 20,944 | 2,799 | - | - | |
630 |
38,549 | 37,241 | 23,812 | 25,160 | 12,262 | 11,460 | 4,483 | 6,487 | 10,100 | 10,100 | |
631/4 |
- | 5,420 | - | - | - | - | - | - | - | - | |
640/8 |
383 | 14,047 | 619 | 1,474 | 12,848 | 849 | 530 | 279 | 270 | - | |
9901 |
78,519 | 90,966 | 82,608 | 108,439 | -11,809 | 96,489 | 75,057 | 38,334 | 14,239 | 38,961 | |
75/76B |
5,753 | 0 | 2,206 | 8,529 | 1 | 1,977 | 0 | 2 | 47 | 5 | |
75 |
5,753 | 0 | 2,206 | 8,529 | 1 | 1,977 | 0 | 2 | 47 | 5 | |
65/66B |
17,547 | 16,548 | 9,052 | 10,555 | 16,011 | 8,295 | 5,643 | 1,799 | 1,052 | 7,220 | |
65 |
17,547 | 16,548 | 9,052 | 10,555 | 16,011 | 8,295 | 5,643 | 1,799 | 1,052 | 7,220 | |
9903 |
66,726 | 74,418 | 75,762 | 106,413 | -27,819 | 90,172 | 69,414 | 36,536 | 13,235 | 31,746 | |
67/77 |
11,825 | 18,084 | 248 | 19,056 | 18,405 | 28,058 | 8,597 | 11,061 | 5,000 | 5,000 | |
9904 |
54,901 | 56,334 | 75,514 | 87,357 | -46,224 | 62,114 | 60,817 | 25,476 | 8,235 | 26,746 | |
9905 |
54,901 | 56,334 | 75,514 | 87,357 | -46,224 | 62,114 | 60,817 | 25,476 | 8,235 | 26,746 | |
| Appropriation of the result | |||||||||||
9906 |
230,899 | 210,999 | 194,665 | 119,151 | 31,612 | 150,836 | 98,722 | 58,879 | 33,121 | 26,746 | |
14P |
175,999 | 154,665 | 119,151 | 31,794 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
30,000 | 35,000 | 40,000 | - | - | 70,000 | 10,000 | - | - | - | |
694 |
30,000 | 35,000 | 40,000 | - | - | 70,000 | 10,000 | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
- | - | 0.7 | 0.8 | 0.6 | 0.6 | 0.6 | 0.2 | - | - | |
Hours worked1013 |
- | - | 529 | 13,025 | 1,037 | 1,046 | 1,020 | 187 | - | - | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 29-09-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00521185 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00483696 | |
| 31-12-2022 | full format | 14-10-2023 | 2023-00487596 | |
| 31-12-2021 | full format | 28-10-2022 | 2022-20477345 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70300140 | |
| 31-12-2019 | micro format | 03-11-2020 | 2020-69200236 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66800454 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51400485 | |
| 31-12-2016 | full format | 26-08-2017 | 2017-51000027 | |
| 31-12-2015 | full format | 10-08-2016 | 2016-41700026 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 117,068 | 128,207 | 106,420 | 133,599 | 453 | 107,949 | 79,540 | 44,820 | 24,339 | 49,061 | ||
| 93,449 | 93,575 | 99,326 | 112,517 | -33,962 | 73,573 | 65,300 | 31,962 | 18,335 | 36,846 | ||
| 2,809 | 158,687 | 22,330 | 27,367 | 36,749 | 28,680 | 20,481 | 1,160 | 0 | 26,300 | ||
| -21,391 | 5,017 | -33,401 | 80,783 | -29,108 | 29,684 | 26,230 | 4,374 | -24,679 | - | ||
| 178,113 | 127,064 | 135,388 | 106,563 | 35,274 | 95,475 | 110,009 | 66,165 | 40,848 | 28,626 | ||
| 35.3% | 28.9% | 31.9% | 36.9% | 20.1% | 36.1% | 55.6% | 62.6% | 65.2% | 42.9% | ||
| 1.50 | 1.33 | 1.37 | 1.49 | 1.20 | 1.60 | 2.46 | 2.66 | 3.52 | 1.90 | ||
| 1.38 | 1.13 | 1.18 | 1.49 | 1.20 | 1.60 | 2.46 | 2.51 | 3.52 | 1.90 | ||
| 1.83 | 2.46 | 2.14 | 1.71 | 3.97 | 1.77 | 0.80 | 0.60 | 0.53 | 1.33 | ||
| 23.2% | 28.2% | 42.4% | 61.2% | -83.8% | 59.5% | 54.2% | 38.1% | 20.0% | 81.2% | ||
| 8.2% | 8.2% | 13.5% | 22.6% | -16.9% | 21.5% | 30.1% | 23.8% | 13.0% | 34.8% | ||
| 6.67 | 7.75 | 11.76 | 12.66 | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | - | 2 |
| part-time | - | 2 |
| in full-time equivalents | - | 0.8 |
| 0.7 | 0.8 | |
| On a permanent contract | - | 1 |
| Joined | 1 | 1 |
| Left | 3 | 0 |
Source: social balance sheet in the 2021 to 2022 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,809 | €152,837 | €22,330 | €27,367 |
| Financial fixed assets | - | €5,850 | - | - |
| €38,549 | €37,241 | €23,812 | €25,160 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 14% lower than in 2023 and the lowest since 2020.
Debt's share of the balance-sheet total falls from 71.1% to 64.7%. Equity is higher and debt is lower.
TEC CONSTRUCT has no parent and no holdings in its annual accounts. TECU FLORIN is the only director.
| TEC CONCEPT
registered office since 25-01-2019 · founded in 2019 |
total assets €103,155 (2025) 0718.755.053 |
| Gatej, Gheorghe (sole trader)
establishment since 24-11-2025 |
founded in 2025 1030.736.549 |
| LC Dental Care
registered office since 01-10-2025 |
founded in 2025 1028.433.491 |
The network starts from the directors of TEC CONSTRUCT. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Adrien Bayetlaan 62 registered office 1020 Brussels 4100106 General construction of residential buildings | 13-02-2015 | 2.240.482.739 |
| . Buitenplas 1, 1601 Sint-Pieters-Leeuw 63920 Other information service activities | 16-10-2017 | 2.268.868.107 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 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 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0597.950.659
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