TIJL CONSTRUCT
ActiveSummary
TIJL CONSTRUCT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,144 and a net result of €415. Equity has been shrinking by about 45% per year since 2023. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 54% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-05-2023 Normal situation
- Activity
- Development of residential building projects NACE 68121and 3 others
- Establishment unit
- 2.345.528.195 9255 Buggenhout, since 31-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 15-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €17,658
- ▲ 52.4%
- Turnover
- ≈ €74,000
- estimated
- Profit
- €415
- Equity
- €6,144
- ▲ 7.3%
- Total assets
- €18,285
- ▼ 51.9%
Score breakdownraises risk1 of the last 3 accounts lateFounded in 2023lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 0.99, cash €8,688Show the evidence
Checked score
About 3 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 (NACE 68, micro). It does better than 52% of them on solvency, 76% on liquidity, 61% on profitability and 62% on growth.
The bankruptcy probability was computed on 02-11-2026 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 3 accounts on average 18 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a profit of €4,204, after a loss of €2,213 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €36,000 | €1,749 | - |
| Depreciation and write-downs of the year | €7,068 | €12,030 | €12,350 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,068 | €12,030 | €12,350 | ▲ 2.7% |
| Other operating charges640/8 | €843 | €1,768 | €1,104 | ▼ 37.6% |
| Gross operating margin9900 | €19,510 | €11,585 | €17,658 | ▲ 52.4% |
| Operating profit (loss)9901 | €11,598 | -€2,213 | €4,204 | - |
| Financial income75/76B | €0 | €0 | €46 | ▲ 155× |
| Recurring financial income75 | €0 | €0 | €46 | ▲ 155× |
| Financial charges65/66B | €941 | €1,188 | €2,806 | ▲ 136% |
| Recurring financial charges65 | €941 | €1,188 | €2,806 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €10,658 | -€3,400 | €1,444 | - |
| Income taxes67/77 | €3,999 | €2,530 | €1,029 | ▼ 59.3% |
| Profit (loss) for the period9904 | €6,658 | -€5,930 | €415 | - |
| Profit (loss) for the period to be appropriated9905 | €6,658 | -€5,930 | €415 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48,671 | €38,029 | €18,285 | ▼ 51.9% |
| Fixed assets21/28 | €28,932 | €18,651 | €6,301 | ▼ 66.2% |
| Tangible fixed assets22/27 | €28,932 | €18,651 | €6,301 | ▼ 66.2% |
| Plant, machinery and equipment23 | - | €1,719 | €1,369 | ▼ 20.3% |
| Furniture and vehicles24 | €28,932 | €16,932 | €4,932 | ▼ 70.9% |
| Current assets29/58 | €19,740 | €19,379 | €11,984 | ▼ 38.2% |
| Amounts receivable within one year40/41 | €12,857 | €17,489 | €2,761 | ▼ 84.2% |
| Trade receivables40 | €12,340 | €4,497 | €2,223 | ▼ 50.6% |
| Other amounts receivable41 | €517 | €12,992 | €537 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €3,554 | €1,336 | €8,688 | ▲ 550% |
| Deferred charges and accrued income490/1 | €3,329 | €553 | €535 | ▼ 3.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48,671 | €38,029 | €18,285 | ▼ 51.9% |
| Equity10/15 | €11,658 | €5,728 | €6,144 | ▲ 7.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €6,658 | €6,658 | €6,658 | = |
| Distributable reserves133 | €6,658 | €6,658 | €6,658 | = |
| Profit (loss) carried forward14 | - | -€5,930 | -€5,515 | ▲ 7.0% |
| Amounts payable17/49 | €37,013 | €32,301 | €12,141 | ▼ 62.4% |
| Amounts payable after more than one year17 | €17,644 | €6,364 | - | - |
| Financial debts170/4 | €17,644 | €6,364 | - | - |
| Amounts payable within one year42/48 | €19,369 | €25,937 | €12,141 | ▼ 53.2% |
| Current portion of amounts payable after more than one year42 | €11,754 | €12,281 | €6,364 | ▼ 48.2% |
| Trade debts44 | €834 | €7,127 | €1,688 | ▼ 76.3% |
| Suppliers440/4 | €834 | €7,127 | €1,688 | ▼ 76.3% |
| Taxes, remuneration and social security45 | €4,599 | €6,529 | €4,088 | ▼ 37.4% |
| Taxes450/3 | €4,599 | €6,529 | €4,088 | ▼ 37.4% |
| Other amounts payable47/48 | €2,182 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,658 | -€5,930 | €415 | - |
| + Depreciation and write-downs630 | €7,068 | €12,030 | €12,350 | ▲ 2.7% |
| Operating cash flow (approximation) | €13,727 | €6,100 | €12,765 | ▲ 109% |
| Investment in fixed assets (approximation) | - | -€1,749 | €0 | - |
| Change in cash | - | -€2,218 | €7,352 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as TIJL CONSTRUCT has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TIJL CONSTRUCT itself is lower: 0.3% within 12 months. It rests on far more data about TIJL CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,546 companies, not a prediction for TIJL 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VERHAEGEN Tijl Jan Denise 100 shares (100%) · €5,000
Capital transactions
- 02-06-2023 Incorporation · €5,000 · 100 shares
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met WVV-vermeldingen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper naar evenredigheid verworven aandelen indien meer dan 1 koper, prijs geboden door kandidaat-overnemer bij…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 02-06-2023 (in Dutch)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
02-06
Gazette deed
IncorporationStarting capital €5,000 · Appointment: VERHAEGEN Tijl Jan Denise (director) · Permanent representative: VERHAEGEN Tijl Jan Denise · Founder10 points ▸
- Incorporation, “TIJL CONSTRUCT” (deed in Dutch)
- Founder, VERHAEGEN Tijl Jan Denise (comparant)
- Founding capital, €5,000
- VERHAEGEN Tijl Jan Denise holds all the shares
- Capital
- Registered office clause, “9255 Buggenhout, Stenenstraat 103B” (deed in Dutch)
- Director appointment, VERHAEGEN Tijl Jan Denise (director (not named in the articles))
- Permanent representative, VERHAEGEN Tijl Jan Denise
- Other provision, “eensluidend ontledend uittreksel, neerlegging Ondernemingsrechtbank” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0802.249.386
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42004D0740/00G000 | Flanders | 2,037 m² | 1 · 124 m² | 8.2 m · 2 |