Tio Construct
ActiveSummary
The computed 12-month bankruptcy probability of Tio Construct is 2.3% (moderate). The 2024 annual accounts show equity of €56,996 and a net result of €45,227. Equity is growing by ~254.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability97▼-3
Solvency53▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.01 in 2023; short-term debt: 68.1% and cash: 21.6% of total assets), and 71.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
28.2%
Return on assets
22.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
139 d early
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Turnover
€42,388
EBIT margin
-9.2%
Net result
€45,227▲ 207%
2023 · €14,710
Working capital
€42,043▲ 17,609%
2023 · €237
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202220232024
Turnover€42,388-
Operating result-€3,913-€19,451€45,297▲ 133%
Net result-€3,941below the sector's middle half-€14,710within the sector's middle half€45,227above the sector's middle half▲ 207%
EBIT margin-9.2%-
Equity-€2,941below the sector's middle half-€11,769below the sector's middle half€56,996within the sector's middle half▲ 384%
Total assets€15,479below the sector's middle half-€50,170below the sector's middle half▲ 224%€201,883within the sector's middle half▲ 302%
Debt€18,420-€38,400▲ 108%€144,887▲ 277%
Working capital-€11,191below the sector's middle half-€237below the sector's middle half€42,043within the sector's middle half▲ 17,609%
Solvency-19.0%below the sector's middle half-23.5%within the sector's middle half▲ 42.5pp28.2%within the sector's middle half▲ 4.8pp
Current ratio0.39below the sector's middle half-1.01below the sector's middle half▲ 0.611.31within the sector's middle half▲ 0.30
Return on assets (ROA)-25.5%below the sector's middle half-29.3%above the sector's middle half▲ 54.8pp22.4%above the sector's middle half▼ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 133% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201,883
Fixed assets
€22,413 ▲ 94.4%
Current assets
€179,470 ▲ 364%
Equity and liabilities €201,883
Equity
€56,996 ▲ 384%
Debt
€144,887 ▲ 277%
Debt's share of the balance-sheet total falls from 76.5% to 71.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56,171▲
2023 · €23,523
Cash flow
€56,100▲
2023 · €18,783
Debt to equity
2.54▼
2023 · 3.26
ROE
79.4%▼
2023 · 125.0%
Interest coverage
797.88▲
2023 · 32.54
Debt ≤ 1 year
€137,427▲
2023 · €38,400
Debt > 1 year
€7,460
Staff costs
€276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €42,388 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €42,194 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €276 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,750 | €4,072 | €10,873 | ▲ 167% |
| Other operating charges640/8 | €161 | €1,044 | €1,949 | ▲ 86.7% |
| Non-recurring operating charges66A | €1,196 | - | - | - |
| Gross operating margin9900 | €194 | €24,567 | €58,396 | ▲ 138% |
| Operating profit (loss)9901 | -€3,913 | €19,451 | €45,297 | ▲ 133% |
| Financial income75/76B | - | €3 | - | - |
| Recurring financial income75 | - | €3 | - | - |
| Financial charges65/66B | €28 | €723 | €70 | ▼ 90.3% |
| Recurring financial charges65 | €28 | €723 | €70 | ▼ 90.3% |
| Profit (loss) for the period before taxes9903 | -€3,941 | €18,732 | €45,227 | ▲ 141% |
| Income taxes67/77 | - | €4,021 | - | - |
| Profit (loss) for the period9904 | -€3,941 | €14,710 | €45,227 | ▲ 207% |
| Profit (loss) for the period to be appropriated9905 | -€3,941 | €14,710 | €45,227 | ▲ 207% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15,479 | €50,170 | €201,883 | ▲ 302% |
| Fixed assets21/28 | €8,250 | €11,532 | €22,413 | ▲ 94.4% |
| Tangible fixed assets22/27 | €8,250 | €11,478 | €22,204 | ▲ 93.5% |
| Furniture and vehicles24 | €8,250 | €11,478 | €22,204 | ▲ 93.5% |
| Financial fixed assets28 | - | €54 | €209 | ▲ 285% |
| Current assets29/58 | €7,229 | €38,638 | €179,470 | ▲ 364% |
| Amounts receivable within one year40/41 | €3,494 | €8,811 | €135,054 | ▲ 1,433% |
| Trade receivables40 | €1,998 | €6,164 | €130,905 | ▲ 2,024% |
| Other amounts receivable41 | €1,496 | €2,647 | €4,149 | ▲ 56.8% |
| Cash at bank and in hand54/58 | €3,489 | €28,921 | €43,510 | ▲ 50.4% |
| Deferred charges and accrued income490/1 | €246 | €906 | €906 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15,479 | €50,170 | €201,883 | ▲ 302% |
| Equity10/15 | -€2,941 | €11,769 | €56,996 | ▲ 384% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | - | - | - |
| Issued capital100 | €1,000 | - | - | - |
| Outside capital11 | - | €1,000 | - | - |
| Other1109/19 | - | €1,000 | - | - |
| Profit (loss) carried forward14 | -€3,941 | €10,769 | €55,996 | ▲ 420% |
| Amounts payable17/49 | €18,420 | €38,400 | €144,887 | ▲ 277% |
| Amounts payable after more than one year17 | - | - | €7,460 | - |
| Financial debts170/4 | - | - | €7,460 | - |
| Amounts payable within one year42/48 | €18,420 | €38,400 | €137,427 | ▲ 258% |
| Current portion of amounts payable after more than one year42 | - | €5,180 | €7,386 | ▲ 42.6% |
| Trade debts44 | €3,580 | €10,165 | €117,636 | ▲ 1,057% |
| Suppliers440/4 | €3,580 | €10,165 | €117,636 | ▲ 1,057% |
| Taxes, remuneration and social security45 | - | €5,882 | €4,341 | ▼ 26.2% |
| Taxes450/3 | - | €5,882 | €4,021 | ▼ 31.6% |
| Remuneration and social security454/9 | - | - | €320 | - |
| Other amounts payable47/48 | €14,840 | €17,172 | €8,064 | ▼ 53.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,941 | €14,710 | €45,227 | ▲ 207% |
| + Depreciation and write-downs630 | €2,750 | €4,072 | €10,873 | ▲ 167% |
| Operating cash flow (approximation) | -€1,191 | €18,783 | €56,100 | ▲ 199% |
| Investment in fixed assets (approximation) | - | -€7,354 | -€21,754 | ▼ 196% |
| Change in cash | - | €25,432 | €14,589 | ▼ 42.6% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2022net €45,227 ▲207%
Operating result €45,297, net result €45,227, both a record.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €14,710
Net result €14,710 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.39 to 1.01.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Grimbergen · 1 establishment unit since 2021
Ground area
1,004 m²
Building footprint
303 m²
Volume, LiDAR
3,050 m³
2 parcels, Flanders, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
81
companies at this address
See who is registered here
1 establishment unit
Tio Construct
since 20212.330.969.188
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0514/00N002 | Flanders | 901 m² | 1 · 246 m² | 15.9 m · 4 fl. |
| 55036B0296/00F000 | Wallonia | 103 m² | 1 · 56 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Emundo
BE 0749.591.947
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MASTEROK
BE 0523.931.741
Deinze · Eq €56,992
BUMBAR IDEAL DESIGN
BE 0749.507.221
Ans · Eq €56,978
ASAB
BE 0654.861.549
Antwerpen · Eq €56,978
ALG. BOUWWERKEN VERSCHAEVE KURT
BE 0864.009.781
Torhout · Eq €56,976
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 13,172 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
Founded30-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774811155
Also
9925:BE0774811155
Registered
13-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.