Turnover
≈ €140,000 estimated
The micro format states no turnover.
TILO CONSTRUCT
Overview
Lifetime
1 annual account with figurespeak €11,583 (2025)
€11,583
peak €8,836 (2025)
€8,836
peak €9,336 (2025)
€9,336
€13,170
Board1 name since 2025
1 directorDEWANDEL Bavo
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Incorporation 06-101 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€500 100 shares
Checked score
67
Healthy
Financially stronger than 72% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €22,507
lowers risk
Liquidity: current ratio 1.22, cash €15,481
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 41, micro). It does better than 49% of them on solvency, 74% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as TILO CONSTRUCT has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of TILO CONSTRUCT itself is higher: 1.1% within 12 months. It rests on far more data about TILO CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for TILO 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22, below the usual 1.5. Short-term debt is 58.5% and cash 68.8% of total assets. 58.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
18 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1028573647
Incorporation
Founding capital of €500, 100 shares · Appointment: DEWANDEL Bavo (director) · Capital of €500 · published on 06-10-2025 · Gazette deed
First establishment
Nachtegaalstraat 21, Londerzeel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TILO CONSTRUCT Londerzeel | €22,507 | €11,583 | 41.5% | - |
| Technic Fix Beersel | €23,417 | €12,055 | 56.2% | - |
| 2B SOLUTIONS Asse | €24,294 | €13,982 | 98.7% | - |
| C&I Reno’Nature Tervuren | €20,817 | €10,980 | 33.6% | - |
| BUSCHGYP Antwerp | €21,784 | €11,305 | 51.6% | - |
| Ringhio Bocholt | €21,107 | €11,879 | 59.5% | - |
| RBO Project Merksplas | €27,245 | €11,917 | 39.8% | - |
These companies have the same main activity as TILO CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €20,800 and €27,200, founded in 2025.
Official details
Source: KBO- Status
- Active since 02-10-2025Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.379.162.5501840 Londerzeel, since 02-10-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Annual accounts 2025
- €11,583
- €8,836
- €9,336
- €22,507
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on TILO CONSTRUCT
TILO CONSTRUCT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,336 and a net result of €8,836.
Its solvency ranks better than 48% of 9,462 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 13-07-2026, 18 days before the deadline€11,583
€11,170
€8,836
€2,876
41.5%
1.22
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €72,000 and €250,000.
Balance sheet
balance sheet total €22,507 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
41.5%
Higher than 48% of 9,462 companies in 2025.
1.22
Higher than 33% of 9,210 companies in 2025.
39.3%
Higher than 90% of 9,282 companies in 2025.
TILO CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
22,507 | |
21/28 |
6,461 | |
22/27 |
6,461 | |
24 |
1,192 | |
26 |
5,269 | |
29/58 |
16,046 | |
40/41 |
500 | |
41 |
500 | |
54/58 |
15,481 | |
490/1 |
65 | |
| Balance sheet: equity and liabilities | ||
10/49 |
22,507 | |
10/15 |
9,336 | |
10/11 |
500 | |
14 |
8,836 | |
17/49 |
13,170 | |
42/48 |
13,170 | |
44 |
2,688 | |
440/4 |
2,688 | |
45 |
10,482 | |
450/3 |
7,029 | |
454/9 |
3,453 | |
| Income statement | ||
9900 |
11,583 | |
630 |
82 | |
640/8 |
331 | |
9901 |
11,170 | |
65/66B |
184 | |
65 |
184 | |
9903 |
10,986 | |
67/77 |
2,149 | |
9904 |
8,836 | |
9905 |
8,836 | |
| Appropriation of the result | ||
9906 |
8,836 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00284524 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 11,252 | ||
| 8,919 | ||
| 6,543 | ||
| 2,876 | ||
| 41.5% | ||
| 1.22 | ||
| 1.41 | ||
| 94.6% | ||
| 39.3% | ||
| 61.03 |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €6,543 |
| €82 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on TILO CONSTRUCT
Debt's share of the balance-sheet total is 58.5%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 01-10-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 13-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 13 - Vertegenwoordigingsmacht De vennootschap is verbonden door de handelingen van het bestuursorgaan, van de personen aan wie het…”deed of 06-10-2025
Mandates through the years
1 name, the dashed line is todayDEWANDEL Bavo
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DEWANDEL Bavo
- Director (not named in the articles), from 01-10-2025 to date
Control
Capital
- Contribution
- €500
- Shares
- 100
- Contribution per share
- €5
- Equity per share
- €93.36 in 2025
- Source
- deed of 06-10-2025
Articles of association
deed of 06-10-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders mogen kennis nemen van register betreffende hun effecten”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Aandelen moeten bij uitgifte volgestort worden, enige aandeelhouder-bestuurder bepaalt vrij de later uit te voeren stortingen op niet geheel…”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “Elk aandeel gelijk recht in winst en uitkeringen, vennootschap kan uitkering terugvorderen van aandeelhouders ongeacht goede of kwade trouw”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00
- 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
Shareholders
At incorporation
deed of 06-10-2025 ↗
- DEWANDEL Bavo 100 shares (100%) · €500 in cash
Network & group
No group
TILO CONSTRUCT has no parent and no holdings in its annual accounts. DEWANDEL Bavo is the only director. TILO CONSTRUCT shares no director with another company.
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 18 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1028573647
IncorporationFounding capital of €500, 100 shares · Appointment: DEWANDEL Bavo (director) · Capital of €500 · published on 06-10-20256 points ▸
- Founding capital, €500, 100 shares
- Capital, €500
- Registered office clause, Nachtegaalstraat 21, 1840 Londerzeel
- Board rule, 1
- Pre-incorporation commitments, TILO CONSTRUCT
- Director appointment, DEWANDEL Bavo (director (not named in the articles))
- The deed holds 2 more points.
First establishment Nachtegaalstraat 21, Londerzeel
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1028.573.647
- VAT number
- BE 1028.573.647
- Peppol ID
- 0208:1028573647
- Other Peppol ID
- 9925:BE1028573647
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-10-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00deed of 06-10-2025 (in Dutch)
- Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
- “Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…”deed of 06-10-2025 (in Dutch)
- Written decisionsA decision can be taken without a meeting when everyone involved agrees in writing.
- “De aandeelhouders kunnen, binnen de wettelijke grenzen, eenparig en schriftelijk alle besluiten nemen die tot de bevoegdheid van de algemene…”deed of 06-10-2025 (in Dutch)
- Peppol
- Reachable since 10-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TILO CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-10-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 06-10-2025 (in Dutch)
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
43120
Site preparation
Social security (RSZ) activities
68121
Development of residential building projects main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Coördinatie van bouwwerven; Landschapsverzorging; Bouwrijp maken van terreinen; Ruimen van bouwterreinen; Overige zakelijke dienstverlening…”deed of 06-10-2025 (in Dutch)
9 activities
- Coördinatie van bouwwerven
- Landschapsverzorging
- Bouwrijp maken van terreinen
- Ruimen van bouwterreinen
- Overige zakelijke dienstverlening
- Verlenen van adviezen en hulp aan het bedrijfsleven
- Activiteiten van hoofdkantoren
- Beleggen van eigen gelden
- Het beheer uitoefenen over alle roerende en onroerende goederen die haar toebehoren, alsook alle bewerkingen doen van roerende en onroerende aard, waaronder het verwerven en uitbouwen van een onroerend vermogen, het aangaan van financieringen, evenals de goederen bezwaren met hypotheken en zakelijke rechten
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Nachtegaalstraat 21 registered office 1840 Londerzeel 4100106 General construction of residential buildings | 02-10-2025 | 2.379.162.550 |
Buildings and parcels at the address
- Ground area
- 329 m²
- Buildings
- 113 m²
- Volume, LiDAR
- 509 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23045C0663/00N000 | 329 m² | 1 · 113 m² | 7.9 m · 1 |
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 1028.573.647