TGL-CONSTRUCTO
ActiveSummary
TGL-CONSTRUCTO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369,941 and a net result of -€12,541. Equity has been growing by about 11% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-04-2008 Normal situation
- Activity
- “Toutes les opérations généralement quelconques,commerciales,industrielles et financières,mobilières et immobilières se rapportant directement ou Indirectement…” (deed in French)From the articles, 20 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.182.643.124 4347 Fexhe-le-Haut-Clocher, since 23-11-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 08-09-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €64,996
- ▼ 63.1%
- Turnover
- ≈ €200,000
- estimated
- Loss
- €12,541
- Equity
- €369,941
- ▼ 3.3%
- Total assets
- €703,493
- ▼ 8.9%
Score breakdownraises riskLiquidity: current ratio 0.14, cash €3,037Loss of €12,541 (financial year 2025)lowers riskSize: total assets €703,493Figures for financial year 2025 (filed on 30-06-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 46% of them on solvency, 40% on liquidity, 44% on profitability and 34% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 12 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 18 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €4,200, after a profit of €166,485 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | €753,504 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €34,026 | €20,583 | €65,396 | €118,466 | €28,014 |
| Depreciation and write-downs of the year | €45,767 | €48,097 | €54,179 | €50,612 | €60,811 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 2,686 companies had the same profile as TGL-CONSTRUCTO has now. Two years later, 0.6% had gone bankrupt and 93.7% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TGL-CONSTRUCTO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 2,686 companies, not a prediction for TGL-CONSTRUCTO. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,037 | €39,674 | €40,100 | €45,767 | €48,097 | €54,179 | €50,612 | €60,811 | ▲ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€29,000 | - | -€26,750 | -€50,500 | - | - |
| Other operating charges640/8 | - | - | - | €6,399 | €6,555 | €9,555 | €9,349 | €8,385 | ▼ 10.3% |
| Gross operating margin9900 | €107,063 | €81,234 | €77,363 | €80,575 | €77,081 | €50,732 | €175,947 | €64,996 | ▼ 63.1% |
| Operating profit (loss)9901 | €61,768 | €39,049 | €31,911 | €57,409 | €22,429 | €13,749 | €166,485 | -€4,200 | - |
| Financial income75/76B | - | - | - | €0 | €1,828 | - | €161 | €312 | ▲ 93.2% |
| Recurring financial income75 | €1,209 | - | - | €0 | €1,828 | - | €161 | €312 | ▲ 93.2% |
| Financial charges65/66B | - | - | - | €12,734 | €13,618 | €10,434 | €45,959 | €8,652 | ▼ 81.2% |
| Recurring financial charges65 | €30,922 | €8,926 | €11,933 | €12,734 | €13,618 | €10,434 | €45,959 | €8,652 | ▼ 81.2% |
| Profit (loss) for the period before taxes9903 | €32,055 | €30,123 | €19,978 | €44,676 | €10,638 | €3,315 | €120,688 | -€12,541 | - |
| Income taxes67/77 | - | €2,087 | €4,994 | €10,131 | €1,466 | €2,993 | €1,614 | - | - |
| Profit (loss) for the period9904 | €32,055 | €28,036 | €14,983 | €34,545 | €9,173 | €322 | €119,073 | -€12,541 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €115,096 | - | - |
| Profit (loss) for the period to be appropriated9905 | €32,055 | €28,036 | €14,983 | €34,545 | €9,173 | €322 | €3,977 | -€12,541 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €962,035 | €884,542 | €877,270 | €840,380 | €815,165 | €758,532 | €772,331 | €703,493 | ▼ 8.9% |
| Fixed assets21/28 | €813,483 | €773,809 | €765,645 | €753,904 | €726,390 | €739,706 | €725,656 | €692,858 | ▼ 4.5% |
| Tangible fixed assets22/27 | €813,083 | €773,409 | €765,245 | €753,504 | €725,990 | €739,306 | €725,256 | €692,458 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €753,504 | €725,990 | €739,306 | €717,573 | €688,004 | ▼ 4.1% |
| Furniture and vehicles24 | - | - | - | - | - | - | €7,683 | €4,455 | ▼ 42.0% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €148,552 | €110,733 | €111,625 | €86,476 | €88,775 | €18,826 | €46,675 | €10,634 | ▼ 77.2% |
| Amounts receivable within one year40/41 | €146,520 | €107,270 | €106,250 | €79,260 | €82,794 | €11,153 | €41,060 | €7,465 | ▼ 81.8% |
| Trade receivables40 | - | - | - | €2,010 | €3,291 | - | €33,051 | €1,288 | ▼ 96.1% |
| Other amounts receivable41 | - | - | - | €77,250 | €79,503 | €11,153 | €8,009 | €6,177 | ▼ 22.9% |
| Cash at bank and in hand54/58 | €1,068 | €2,473 | €4,335 | €7,216 | €5,381 | €1,989 | €1,166 | €3,037 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | - | - | - | €600 | €5,684 | €4,450 | €132 | ▼ 97.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €962,035 | €884,542 | €877,270 | €840,380 | €815,165 | €758,532 | €772,331 | €703,493 | ▼ 8.9% |
| Equity10/15 | €176,350 | €204,386 | €219,370 | €253,915 | €263,087 | €263,409 | €382,482 | €369,941 | ▼ 3.3% |
| Contributions10/11 | €190,000 | €190,000 | - | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Reserves13 | €5,000 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | €120,596 | €120,596 | = |
| Non-distributable reserves130/1 | - | - | - | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Reserves not available under the articles1311 | - | - | - | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | €115,096 | €115,096 | = |
| Profit (loss) carried forward14 | -€18,650 | €8,886 | €23,870 | €58,415 | €67,587 | €67,909 | €71,886 | €59,345 | ▼ 17.4% |
| Amounts payable17/49 | €785,685 | €680,156 | €657,901 | €586,465 | €552,078 | €495,123 | €389,849 | €333,552 | ▼ 14.4% |
| Amounts payable after more than one year17 | €681,671 | €618,549 | €563,010 | €506,017 | €446,492 | €384,904 | €297,267 | €259,382 | ▼ 12.7% |
| Financial debts170/4 | - | - | - | €502,787 | €444,302 | €382,714 | €283,277 | €241,232 | ▼ 14.8% |
| Other amounts payable178/9 | - | - | - | €3,230 | €2,190 | €2,190 | €13,990 | €18,150 | ▲ 29.7% |
| Amounts payable within one year42/48 | €103,494 | €60,700 | €93,944 | €80,068 | €105,198 | €109,629 | €91,802 | €73,389 | ▼ 20.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €54,742 | €58,485 | €61,588 | €40,512 | €42,045 | ▲ 3.8% |
| Trade debts44 | €49,919 | €3,185 | €19,092 | €7,673 | €27,202 | €7,764 | €48,791 | €21,251 | ▼ 56.4% |
| Suppliers440/4 | - | - | - | €7,673 | €27,202 | €7,764 | €48,791 | €21,251 | ▼ 56.4% |
| Taxes, remuneration and social security45 | - | - | - | €16,347 | €11,118 | €885 | €2,499 | €1,614 | ▼ 35.4% |
| Taxes450/3 | - | - | - | €16,347 | €11,118 | €885 | €2,499 | €1,614 | ▼ 35.4% |
| Other amounts payable47/48 | - | - | - | €1,306 | €8,392 | €39,392 | - | €8,479 | - |
| Accrued charges and deferred income492/3 | - | - | - | €380 | €388 | €590 | €780 | €780 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,055 | €28,036 | €14,983 | €34,545 | €9,173 | €322 | €119,073 | -€12,541 | - |
| + Depreciation and write-downs630 | €39,037 | €39,674 | €40,100 | €45,767 | €48,097 | €54,179 | €50,612 | €60,811 | ▲ 20.2% |
| Operating cash flow (approximation) | €71,091 | €67,710 | €55,084 | €80,312 | €57,269 | €54,500 | €169,685 | €48,271 | ▼ 71.6% |
| Investment in fixed assets (approximation) | - | €0 | -€31,936 | -€34,026 | -€20,583 | -€67,494 | -€36,562 | -€28,014 | ▲ 23.4% |
| Change in cash | - | €1,405 | €1,862 | €2,881 | -€1,835 | -€3,392 | -€823 | €1,871 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00223108 | NBB |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00324909 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00433692 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00426444 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20377769 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-43800307 | |
| 31-12-2019 | micro format | 02-09-2020 | 2020-51100598 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59600587 | |
| 31-12-2017 | full format | 27-04-2018 | 2018-11300181 | |
| 31-12-2016 | full format | 10-07-2017 | 2017-29500564 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-12-2023 Converted to unavailable equity · €195,500
- 01-12-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TONDEUR Luc Gilbert Roger |
|
Network & group
TGL-CONSTRUCTO shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of TGL-CONSTRUCTO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-12
Gazette deed
Change of role: TONDEUR Luc Gilbert Roger, from manager to directorCapital conversion · Amendment of the articles · Capital12 points ▸
- General meeting, “4347 Fexhe-le-Haut-Clocher,Rue de Lexhy 104, société à responsabilité limitée” (deed in French)
- Other provision, “adaptation statuts et maintien forme légale, adapter statuts aux dispositions Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Power of attorney, Louis-Marie PÖNSGEN
- Power of attorney, Alessia SALERNO
- Director resignation, TONDEUR Luc Gilbert Roger (manager)
- Director appointment, TONDEUR Luc Gilbert Roger (director (not named in the articles))
- Other provision, “décharge au gérant démissionnaire pour l'exécution de son mandat, l'assemblée générale décidera” (deed in French)
- Registered office clause, “4347 Fexhe-le-Haut-Clocher, Rue de Lexhy 104, l'assemblée générale déclare que l'adresse du siège est située à” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
20 activities
- Toutes les opérations généralement quelconques,commerciales,industrielles et financières,mobilières et immobilières se rapportant directement ou Indirectement aux études,promotions et réalisations de travaux immobiliers,tant publics que privés,pour son compte ou celui de tiers
- L’entreprise de construction de bâtiments
- De construction,de réfection et d'entretien des routes
- L'entreprise de construction métallique
- Le commerce de gros et de détail en matériaux de construction
- L'entreprise de terrassement
- Articles de ferronnerie et quincaillerie
- L'entreprise de travaux de pose de câbles et de canalisations diverses
- L'entreprise d'installation de signalisation routière
- L'entreprise d'aménagement de plaines de jeux et de sport,de parcs et de jardins
- L'entreprise de travaux de forage,de sondage et de fonçage de puits
- L'entreprise de travaux de démolition de bâtiments et d'ouvrages d'art
- L'entreprise de travaux d'étanchéité
- L'entreprise générale de maçonnerie et béton
- L’entreprise de carrelage
- L'entreprise de menuiserie-charpenterie
- L'entreprise de plafonnage-cimentage
- L'entreprise de taille de pierre
- L'acquisition,la vente,la transformation,le lotissement,la mise en valeur,la gérance pour son compte ou celui de tiers,de tous biens immobiliers généralement quelconques
- L'achat de brevet et l'exploitation de ceux-ci
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64424A0145/00C000 | Wallonia | 4,368 m² | 1 · 386 m² | 8.0 m · 2 |