Equity
TIN CONSTRUCT has made a profit in every financial year since 2019.
TIN CONSTRUCT has made a profit in every financial year since 2019.
The result rose in 2025 from €15,749 to €78,009.
€1.1m of the debts are secured on the company's own assets.
Green is investment, beige is depreciation.
In 2025, nobody joined and 1 person left.
The 2023 accounts came latest: 136 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 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 19% of them on solvency, 45% on liquidity, 49% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 2,372 companies had the same profile as TIN CONSTRUCT has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TIN CONSTRUCT itself: 1.3% within 12 months.
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 2,372 companies, not a prediction for TIN 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 2.2 (2.06 in 2024), above the usual 1.5. Short-term debt is 10.8% and cash 0.8% of total assets. However, 82.6% 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 7 accounts on average 56 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 | ||||
|---|---|---|---|---|
| TIN CONSTRUCT Asse | €1.6m | €432,497 | 17.4% | 0 |
| VABOR Bornem | €1.2m | €422,734 | 54.7% | 0 |
| DAN-CO Grondwerken Maldegem | €1.4m | €337,884 | 25.1% | 0 |
| Dubron Simon Tielt | €1.7m | €322,369 | 61.9% | 0 |
| Van Belle Sportvelden Zwevegem | €0.9m | €341,936 | 34.6% | 0 |
| RDM³ Landen | €1.7m | €318,023 | 34.2% | 0 |
| IMMO PIPELEERS Diepenbeek | €1.9m | €777,845 | 56.7% | 0 |
These companies have the same main activity as TIN CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €910,000 and €1.9m, founded between 2014 and 2020.
TIN CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €42,229 in 2019 to €432,497 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €920,000 and €1.6m.
Higher than 18% of 9,967 companies in 2025.
Higher than 61% of 9,830 companies in 2025.
Higher than 48% of 9,899 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.6m | 484,236 | 429,479 | 370,838 | 272,608 | 140,395 | 98,957 | |
21/28 |
1.2m | 31,521 | 15,224 | 59,640 | 59,518 | 18,561 | 14,118 | |
22/27 |
1.2m | 7,921 | 10,624 | 55,040 | 54,918 | 13,961 | 9,968 | |
22 |
1.2m | - | - | - | - | - | - | |
23 |
5,298 | 6,383 | 7,239 | 7,777 | 1,111 | 2,222 | 3,333 | |
24 |
0 | 1,538 | 3,384 | 47,263 | 53,807 | 11,739 | 6,635 | |
28 |
4,600 | 23,600 | 4,600 | 4,600 | 4,600 | 4,600 | 4,150 | |
29/58 |
373,160 | 452,715 | 414,255 | 311,198 | 213,090 | 121,834 | 84,839 | |
3 |
30,000 | 87,000 | 87,000 | 87,000 | 78,500 | 34,998 | 45,000 | |
30/36 |
30,000 | 87,000 | 87,000 | 87,000 | 78,500 | 34,998 | 45,000 | |
40/41 |
326,457 | 351,550 | 306,968 | 203,656 | 114,741 | 46,013 | 34,792 | |
40 |
262,024 | 319,026 | 283,507 | 152,028 | 65,492 | 22,146 | 16,907 | |
41 |
64,433 | 32,524 | 23,461 | 51,627 | 49,249 | 23,867 | 17,885 | |
54/58 |
12,611 | 8,497 | 9,453 | 13,894 | 17,906 | 39,199 | 4,019 | |
490/1 |
4,092 | 5,668 | 10,834 | 6,648 | 1,943 | 1,624 | 1,028 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.6m | 484,236 | 429,479 | 370,838 | 272,608 | 140,395 | 98,957 | |
10/15 |
272,784 | 194,775 | 179,027 | 126,405 | 86,209 | 49,215 | 26,767 | |
10/11 |
6,346 | 6,346 | 6,346 | 6,346 | 6,346 | 6,346 | 6,346 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,254 | |
13 |
266,438 | 188,429 | 172,680 | 119,612 | 79,416 | 42,421 | 20,421 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
133 |
264,578 | 186,569 | 170,820 | 117,752 | 77,556 | 40,561 | 18,561 | |
14 |
- | - | 0 | 447 | 447 | 447 | 0 | |
17/49 |
1.3m | 289,460 | 250,452 | 244,433 | 186,399 | 91,180 | 72,190 | |
17 |
1.1m | 22,871 | 41,186 | 48,475 | 34,765 | - | - | |
170/4 |
1.1m | 22,871 | 41,186 | 48,475 | 34,765 | - | - | |
42/48 |
169,697 | 219,489 | 209,142 | 195,958 | 151,634 | 91,180 | 72,190 | |
42 |
8,347 | 18,314 | 39,224 | 25,513 | 11,900 | - | - | |
43 |
55,173 | 62,384 | 48,870 | 32,754 | 37,511 | - | - | |
430/8 |
55,173 | 62,384 | 48,870 | - | - | - | - | |
439 |
- | - | - | 32,754 | 37,511 | - | - | |
44 |
74,394 | 99,944 | 83,856 | 92,863 | 34,812 | 27,572 | 37,800 | |
440/4 |
74,394 | 99,944 | 83,856 | 92,863 | 34,812 | 27,572 | 32,590 | |
441 |
- | - | - | - | - | - | 5,210 | |
45 |
17,483 | 24,547 | 37,128 | 18,871 | 24,522 | 18,256 | 8,759 | |
450/3 |
16,517 | 21,615 | 27,204 | 17,849 | 24,522 | 18,256 | 8,759 | |
454/9 |
966 | 2,932 | 9,925 | 1,022 | - | - | - | |
47/48 |
14,300 | 14,300 | 64 | 25,956 | 42,888 | 45,352 | 25,631 | |
492/3 |
63,988 | 47,100 | 125 | - | - | - | - | |
| Income statement | ||||||||
9900 |
432,497 | 76,215 | 143,149 | 114,893 | 73,886 | 45,295 | 42,229 | |
62 |
33,860 | 27,528 | 49,181 | 33,495 | - | - | - | |
630 |
126,072 | 5,767 | 6,395 | 10,234 | 14,539 | 8,007 | 4,379 | |
631/4 |
87,792 | - | - | - | - | - | - | |
640/8 |
12,779 | 6,199 | 3,380 | 8,970 | 4,274 | 1,165 | 270 | |
66A |
52,121 | 57 | - | - | - | - | - | |
9901 |
119,872 | 36,664 | 84,192 | 62,193 | 55,073 | 36,123 | 37,580 | |
75/76B |
4,044 | 74 | 0 | 227 | 195 | 219 | 100 | |
75 |
4,044 | 74 | 0 | 227 | 195 | 219 | 100 | |
65/66B |
11,747 | 11,159 | 9,289 | 4,598 | 2,561 | 608 | 548 | |
65 |
11,747 | 10,649 | 9,289 | 4,598 | 2,561 | 608 | 548 | |
66B |
0 | 511 | - | - | - | - | - | |
9903 |
112,169 | 25,579 | 74,904 | 57,822 | 52,707 | 35,734 | 37,132 | |
67/77 |
34,160 | 9,830 | 22,282 | 17,627 | 15,713 | 8,287 | 8,712 | |
9904 |
78,009 | 15,749 | 52,621 | 40,196 | 36,995 | 27,447 | 28,421 | |
9905 |
78,009 | 15,749 | 52,621 | 40,196 | 36,995 | 27,447 | 28,421 | |
| Appropriation of the result | ||||||||
9906 |
78,009 | 15,749 | 53,069 | 40,643 | 37,442 | 27,447 | 28,421 | |
14P |
- | 0 | 447 | 447 | 447 | - | - | |
691/2 |
78,009 | 15,749 | 53,069 | 40,196 | 36,995 | 22,000 | 20,421 | |
6920 |
- | - | - | - | - | - | 1,860 | |
6921 |
78,009 | 15,749 | 53,069 | 40,196 | 36,995 | 22,000 | 18,561 | |
694/7 |
- | - | - | - | - | 5,000 | 8,000 | |
695 |
- | - | - | - | - | 5,000 | 8,000 | |
| Social balance sheet | ||||||||
9087 |
0 | 1 | 1.3 | - | - | - | - | |
Hours worked1013 |
1,778 | 1,915 | 2,395 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 21 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 25-09-2026.
2025 annual accounts filed 56 days after the deadline. Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524794.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-09-2026 | 2026-00524794 | |
| 31-12-2024 | abbreviated format | 03-09-2025 | 2025-00476128 | |
| 31-12-2023 | abbreviated format | 14-12-2024 | 2024-00615846 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390853 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20348786 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-58800546 | |
| 31-12-2019 | micro format | 15-10-2020 | 2020-62000127 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 245,944 | 42,431 | 90,588 | 72,428 | 69,612 | 44,130 | 41,959 | ||
| 204,081 | 21,516 | 59,017 | 50,430 | 51,533 | 35,454 | 32,800 | ||
| 1.3m | 22,065 | 2,148 | 55,023 | 55,496 | 12,450 | 18,497 | ||
| 4,114 | -956 | -4,441 | -4,011 | -21,293 | 35,180 | - | ||
| 203,463 | 233,225 | 205,113 | 115,240 | 61,456 | 30,653 | 12,649 | ||
| 17.4% | 40.2% | 41.7% | 34.1% | 31.6% | 35.1% | 27.0% | ||
| 2.20 | 2.06 | 1.98 | 1.59 | 1.41 | 1.34 | 1.18 | ||
| 2.02 | 1.67 | 1.56 | 1.14 | 0.89 | 0.95 | 0.55 | ||
| 4.75 | 1.49 | 1.40 | 1.93 | 2.16 | 1.85 | 2.70 | ||
| 28.6% | 8.1% | 29.4% | 31.8% | 42.9% | 55.8% | 106.2% | ||
| 5.0% | 3.3% | 12.3% | 10.8% | 13.6% | 19.6% | 28.7% | ||
| 20.94 | 3.98 | 9.75 | 15.75 | 27.19 | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 |
| 0 | 1 | 1.3 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 0 | - | 1 |
| Left | 1 | - | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.1m | €0 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.3m | €3,065 | €2,148 | €55,023 | €55,496 |
| Financial fixed assets | €0 | €19,000 | - | - | - |
| €126,072 | €5,767 | €6,395 | €10,234 | €14,539 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 3.3 times that of 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 59.8% to 82.6%. Equity and debt are higher.
TIN CONSTRUCT has no parent and no holdings in its annual accounts. GâVAN Nicolae is the only director. TIN CONSTRUCT shares no director with another company.
| GAS Construct
establishment since 01-04-2024 · founded in 2024 |
total assets €30,955 (2025) 1006.785.467 |
| TIN MIS CONSTRUCT
establishment since 13-02-2026 |
founded in 2026 1034.402.159 |
| Şcolnic, Evgheni (sole trader)
establishment since 01-04-2022 |
founded in 2022 0785.490.459 |
| Bogdan, Alexandr (sole trader)
establishment since 01-04-2021 |
founded in 2021 0766.418.279 |
| Hanganut, Valer (sole trader)
establishment since 25-01-2021 |
founded in 2021 0763.688.126 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
TIN CONSTRUCT was incorporated on 10 October 2018.1 Since 2024, GâVAN Nicolae has served as manager.2 Total assets rose from €98,957 in 2019 to €1.6m in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Langehaag 6 registered office 1731 Asse | 10-10-2018 | 2.281.426.241 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23095C0181/00R010 | 198 m² | 1 · 99 m² | 15.9 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 0708.896.685
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