TGYPS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TGYPS CONSTRUCT is 5.0% (elevated). For TGYPS CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €110,448 and a net result of €38,266. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 33673 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability94▲+23
Solvency84▲+12
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% 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 2023Solvency, return and age of the figures
Solvency
58.5%
Return on assets
20.3%
Age of the figures
39 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 30-01-2024, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
6 d early
2021
1 d late
2020
31 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Equity
€110,448▲ 53.0%
2022 · €72,182
Total assets
€188,710▲ 23.5%
2022 · €152,858
Net result
€38,266▲ 1,211%
2022 · €2,920
Working capital
€109,082▲ 52.7%
2022 · €71,450
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€23,586-€35,422▲ 50.2%€17,045▼ 51.9%€2,426▼ 85.8%€49,777▲ 1,951%
Net result€18,938-€28,216above the sector's middle half▲ 49.0%€15,909within the sector's middle half▼ 43.6%€2,920within the sector's middle half▼ 81.6%€38,266above the sector's middle half▲ 1,211%
Equity€25,138-€53,354within the sector's middle half▲ 112%€69,263within the sector's middle half▲ 29.8%€72,182within the sector's middle half▲ 4.2%€110,448within the sector's middle half▲ 53.0%
Total assets€93,013-€107,448within the sector's middle half▲ 15.5%€116,266within the sector's middle half▲ 8.2%€152,858within the sector's middle half▲ 31.5%€188,710within the sector's middle half▲ 23.5%
Debt€67,875-€54,094▼ 20.3%€47,003▼ 13.1%€80,676▲ 71.6%€78,262▼ 3.0%
Working capital€25,138-€48,020▲ 91.0%€66,596▲ 38.7%€71,450▲ 7.3%€109,082▲ 52.7%
Solvency27.0%-49.7%within the sector's middle half▲ 22.6pp59.6%within the sector's middle half▲ 9.9pp47.2%within the sector's middle half▼ 12.4pp58.5%within the sector's middle half▲ 11.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 1,951% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €188,710
Fixed assets
€1,366 ▲ 86.6%
Current assets
€187,344 ▲ 23.2%
Equity and liabilities €188,710
Equity
€110,448 ▲ 53.0%
Debt
€78,262 ▼ 3.0%
Debt's share of the balance-sheet total falls from 52.8% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,644▲
2022 · €5,459
Cash flow
€39,132▲
2022 · €5,952
Current ratio
2.39▲
2022 · 1.89
Debt to equity
0.71▼
2022 · 1.12
ROE
34.6%▲
2022 · 4.0%
ROA
20.3%▲
2022 · 1.9%
Interest coverage
101.11▲
2022 · 41.98
Debt ≤ 1 year
€78,262▼
2022 · €80,676
Income taxes
€13,799▲
2022 · €1,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,667 | €2,667 | €3,033 | €866 | ▼ 71.4% |
| Other operating charges640/8 | - | - | - | €57 | €1,114 | ▲ 1,854% |
| Gross operating margin9900 | €23,759 | €38,263 | €19,711 | €5,516 | €51,757 | ▲ 838% |
| Operating profit (loss)9901 | €23,586 | €35,422 | €17,045 | €2,426 | €49,777 | ▲ 1,951% |
| Financial income75/76B | - | - | - | €1,623 | €2,789 | ▲ 71.8% |
| Recurring financial income75 | €1,686 | - | €3,115 | €1,623 | €2,789 | ▲ 71.8% |
| Financial charges65/66B | - | - | - | €130 | €501 | ▲ 285% |
| Recurring financial charges65 | €334 | €105 | €275 | €130 | €501 | ▲ 285% |
| Profit (loss) for the period before taxes9903 | €24,938 | €35,316 | €19,885 | €3,920 | €52,065 | ▲ 1,228% |
| Income taxes67/77 | €6,000 | €7,100 | €3,976 | €1,000 | €13,799 | ▲ 1,280% |
| Profit (loss) for the period9904 | €18,938 | €28,216 | €15,909 | €2,920 | €38,266 | ▲ 1,211% |
| Profit (loss) for the period to be appropriated9905 | €18,938 | €28,216 | €15,909 | €2,920 | €38,266 | ▲ 1,211% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,013 | €107,448 | €116,266 | €152,858 | €188,710 | ▲ 23.5% |
| Fixed assets21/28 | - | €5,333 | €2,667 | €732 | €1,366 | ▲ 86.6% |
| Tangible fixed assets22/27 | - | €5,333 | €2,667 | €732 | €1,366 | ▲ 86.6% |
| Plant, machinery and equipment23 | - | - | - | - | €366 | - |
| Furniture and vehicles24 | - | - | - | €732 | €1,000 | ▲ 36.6% |
| Current assets29/58 | €93,013 | €102,115 | €113,599 | €152,126 | €187,344 | ▲ 23.2% |
| Amounts receivable within one year40/41 | €90,093 | €100,743 | €113,340 | €152,126 | €186,763 | ▲ 22.8% |
| Trade receivables40 | - | - | - | €114,712 | €143,153 | ▲ 24.8% |
| Other amounts receivable41 | - | - | - | €37,414 | €43,609 | ▲ 16.6% |
| Cash at bank and in hand54/58 | €2,920 | €507 | €259 | - | €581 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,013 | €107,448 | €116,266 | €152,858 | €188,710 | ▲ 23.5% |
| Equity10/15 | €25,138 | €53,354 | €69,263 | €72,182 | €110,448 | ▲ 53.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €17,078 | €45,294 | €61,203 | €64,122 | €102,388 | ▲ 59.7% |
| Amounts payable17/49 | €67,875 | €54,094 | €47,003 | €80,676 | €78,262 | ▼ 3.0% |
| Amounts payable within one year42/48 | €67,875 | €54,094 | €47,003 | €80,676 | €78,262 | ▼ 3.0% |
| Financial debts43 | - | - | - | €2,971 | - | - |
| Credit institutions430/8 | - | - | - | €2,971 | - | - |
| Trade debts44 | €43,572 | €22,012 | €29,932 | €63,182 | €57,052 | ▼ 9.7% |
| Suppliers440/4 | - | - | - | €63,182 | €57,052 | ▼ 9.7% |
| Advances received on contracts in progress46 | - | - | - | €6,735 | €6,735 | = |
| Taxes, remuneration and social security45 | - | - | - | €7,788 | €14,475 | ▲ 85.9% |
| Taxes450/3 | - | - | - | €7,788 | €14,475 | ▲ 85.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,938 | €28,216 | €15,909 | €2,920 | €38,266 | ▲ 1,211% |
| + Depreciation and write-downs630 | - | €2,667 | €2,667 | €3,033 | €866 | ▼ 71.4% |
| Operating cash flow (approximation) | €18,938 | €30,883 | €18,576 | €5,952 | €39,132 | ▲ 557% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1,098 | -€1,500 | ▼ 36.6% |
| Change in cash | - | -€2,413 | -€248 | - | - | - |
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
2026
25-09
KBO administration
Address struck
Rue Ferdinand- L’adresse du siège Rue Ferdinand-Hénaux 5 Die Sitzadresse Rue Ferdinand-Hénaux 5
Hénaux 5 4000 Liège werd doorgehaald met 4000 Liège · event 28-07-2026
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €38,266 ▲1,211%
Operating result €49,777, net result €38,266, both a record.
30-06
Financial
Equity above €100,000Eq €110,448 ▲53%
5 profitable years in a row build equity to €110,448.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €2,920 ▼81.6%
Net result drops to €2,920, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège
Ground area
139 m²
Building footprint
138 m²
Volume, LiDAR
2,735 m³
Parcel 62063A0425/00B000, Wallonia · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A0425/00B000 | Wallonia | 139 m² | 1 · 138 m² | 21.9 m · 7 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 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,221 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 (pre-2019)
Founded08-02-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689939818
Also
9925:BE0689939818
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.