TISMAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TISMAN CONSTRUCT is 4.5% (elevated). The 2025 annual accounts show equity of €21,800 and a net result of -€3,239. Equity grew by about 36% per year on average since 2023. In 2025 it fell by 12.9%. Its solvency ranks better than 46% of 2,799 sector peers (NACE 41, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-09-2022 Normal situation
- Registered office
- 683 active companies are registered at this address 136 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.337.884.201 1350 Orp-Jauche, since 20-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- TAE Ionut SorinDirector
- TAE Ionut Sorin80 sharesdeed of 22-09-2022
- NEACSU Marius Cristian20 sharesdeed of 22-09-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.5%
- Gross margin
- €66,466
- ▲ 79.5%
- Turnover
- ≈ €270,000
- estimated
- Loss
- €3,239
- Equity
- €21,800
- ▼ 12.9%
- Total assets
- €61,992
- ▲ 9.3%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 20221 of the last 3 accounts lateSize: total assets €61,992Show the evidence
Checked score
About 5 in 100 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 41, micro). It does better than 42% of them on solvency, 34% on liquidity, 34% on profitability and 23% on growth.
The bankruptcy probability was computed on 04-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
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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 16 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2023.
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.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €3,500 | €2,700 | €29,483 |
| Intangible fixed assets | - | - | €1,777 |
| Depreciation and write-downs of the year | €1,167 | €2,067 | €6,695 |
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 | €1,167 | €2,067 | €6,695 | ▲ 224% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €48,610 | - |
| Other operating charges640/8 | €4,200 | €1,390 | €2,962 | ▲ 113% |
| Gross operating margin9900 | €17,498 | €37,037 | €66,466 | ▲ 79.5% |
| Operating profit (loss)9901 | €12,131 | €33,581 | €8,198 | ▼ 75.6% |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | €1,485 | €338 | €806 | ▲ 139% |
| Recurring financial charges65 | €1,485 | €338 | €806 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | €10,645 | €33,243 | €7,393 | ▼ 77.8% |
| Income taxes67/77 | - | - | €10,631 | - |
| Profit (loss) for the period9904 | €10,645 | €33,243 | -€3,239 | - |
| Profit (loss) for the period to be appropriated9905 | €10,645 | €33,243 | -€3,239 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62,007 | €56,702 | €61,992 | ▲ 9.3% |
| Fixed assets21/28 | €2,333 | €2,967 | €26,365 | ▲ 789% |
| Tangible fixed assets22/27 | €2,333 | €2,967 | €26,365 | ▲ 789% |
| Furniture and vehicles24 | €2,333 | €2,967 | €26,365 | ▲ 789% |
| Current assets29/58 | €59,674 | €53,735 | €35,627 | ▼ 33.7% |
| Amounts receivable within one year40/41 | €15,956 | €48,441 | €31,158 | ▼ 35.7% |
| Trade receivables40 | - | €24,687 | €7,645 | ▼ 69.0% |
| Other amounts receivable41 | €15,956 | €23,754 | €23,512 | ▼ 1.0% |
| Cash at bank and in hand54/58 | €43,718 | €5,294 | €3,093 | ▼ 41.6% |
| Deferred charges and accrued income490/1 | - | - | €1,376 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62,007 | €56,702 | €61,992 | ▲ 9.3% |
| Equity10/15 | €11,795 | €25,039 | €21,800 | ▼ 12.9% |
| Contributions10/11 | €1,150 | €1,150 | €1,150 | = |
| Contributions outside capital11 | - | - | €1,150 | - |
| Other1109/19 | - | - | €1,150 | - |
| Reserves13 | €115 | €115 | €115 | = |
| Non-distributable reserves130/1 | €115 | €115 | €115 | = |
| Reserves not available under the articles1311 | €115 | €115 | €115 | = |
| Profit (loss) carried forward14 | €10,530 | €23,774 | €20,535 | ▼ 13.6% |
| Amounts payable17/49 | €50,212 | €31,663 | €40,192 | ▲ 26.9% |
| Amounts payable after more than one year17 | - | - | €15,956 | - |
| Financial debts170/4 | - | - | €15,956 | - |
| Amounts payable within one year42/48 | €50,212 | €31,663 | €24,236 | ▼ 23.5% |
| Current portion of amounts payable after more than one year42 | - | - | €3,950 | - |
| Trade debts44 | - | - | €5,176 | - |
| Suppliers440/4 | - | - | €5,176 | - |
| Advances received on contracts in progress46 | €18,008 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €7,135 | - |
| Taxes450/3 | - | - | €3,435 | - |
| Remuneration and social security454/9 | - | - | €3,700 | - |
| Other amounts payable47/48 | €32,204 | €31,663 | €7,974 | ▼ 74.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,645 | €33,243 | -€3,239 | - |
| + Depreciation and write-downs630 | €1,167 | €2,067 | €6,695 | ▲ 224% |
| Operating cash flow (approximation) | €11,812 | €35,310 | €3,456 | ▼ 90.2% |
| Investment in fixed assets (approximation) | - | -€2,700 | -€30,093 | ▼ 1,015% |
| Change in cash | - | -€38,424 | -€2,201 | ▲ 94.3% |
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, 2,145 companies had the same profile as TISMAN CONSTRUCT has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TISMAN CONSTRUCT itself is higher: 4.5% within 12 months. It rests on far more data about TISMAN 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 2,145 companies, not a prediction for TISMAN 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
- TAE Ionut Sorin 80 shares (80%) · €920
- NEACSU Marius Cristian 20 shares (20%) · €230
Capital transactions
- 22-09-2022 Incorporation · €1,150 · 100 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- 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 22-09-2022 (in Dutch)
Network & group
TISMAN CONSTRUCT shares no director with another company.
Companies at the same address
682 other companies- AN BUILDING Registered office · since 02-11-2026 1044.757.702
- Man Entreprise Registered office · since 02-11-2026 1044.757.801
- Luxury Beauty Registered office · since 30-10-2026Founded in 2026 1044.703.658
- DBF PLAFONNAGE Registered office · since 28-10-2026Founded in 2026 1044.619.130
- LULU COMPANY Registered office · since 28-10-2026Founded in 2026 1044.618.140
- NEKI GROUP Registered office · since 28-10-2026Founded in 2026 1044.617.150
- MENC PROTECT Registered office · since 27-10-2026Founded in 2026 1044.546.280
- MIRLES GROUP Registered office · since 24-10-2026Founded in 2026 1044.454.329
- NORVAK CONSTRUCT Registered office · since 19-10-2026Founded in 2026 1044.243.602
- L.A. Solutions Registered office · since 16-10-2026Founded in 2026 1044.150.857
Connections & network
1 current directorThe network starts from the directors of TISMAN CONSTRUCT. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
20-11
Gazette deed
Purpose change · Amendment of the articles“Kappers- en barbiersactiviteiten; Schoonheidsverzorging en andere schoonheidsbehandelingen; Verlenen van…” (deed in Dutch)1 point ▸
- Purpose change, “Kappers- en barbiersactiviteiten; Schoonheidsverzorging en andere schoonheidsbehandelingen; Verlenen van advies op het gebied van de schoonheidszorgen en…” (deed in Dutch)
25-10
Gazette deed
Registered office moved from Dilbeek to ZaventemNew registered office: Leuvensesteenweg 246 boite 1, 1932 Zaventem · Previous registered office: Verheydenstraat32 1700 Dilbeek3 points ▸
- General meeting, 14-10-2022
- Director in office, Tae lonut
- Registered-office move, Leuvensesteenweg 246 boite 1, 1932 Zaventem
- The deed holds 1 more point.
22-09
Gazette deed
IncorporationFounding capital of €1,150, 100 shares · Founders: TAE Ionut Sorin (comparant) and NEACSU Marius Cristian (comparant) · Appointment: TAE Ionut Sorin (director)4 points ▸
- Director appointment, TAE Ionut Sorin
- Founder, TAE Ionut Sorin (comparant)
- Founder, NEACSU Marius Cristian (comparant)
- Founding capital, €1,150, 100 shares
- The deed holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 20 September 2022, TISMAN CONSTRUCT was incorporated as a private limited company by two natural persons, with a starting capital of €1,150.12 In 2022 the registered office moved to Zaventem.3 TAE Ionut Sorin is director of the company, appointed by deed of 22-09-2022.2 Total assets went from €62,007 in 2023 to €61,992 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Verheydenstraat32, 1700 Dilbeek until 15-10-2022 · deed of 25-10-2022
Activities
NACEBEL 20253 activities
- Alle bouwondernemingsactiviteiten in de breedste zin van het woord,het optrekken van de ruwbouw,de algemene bouwonderneming,bekisting,betonwapening; de coördinatie van onderaannemers,de afbraak-,vlak- en afgravingwerken,alle metsel-,voeging- en waterdichtheidwerken; alle asfalteringwerken; de montage van daken en het onderhoud ervan; het plaatsen van dakbedekking van ongeacht welk materiaal en van dakgoten en regenafvoerbuizen; alle geraamtewerken (hout- en stalconstructies,of andere); akoestische en thermische isolatie; de bekleding van wanden,vloeren,plafonds,gevels; al dan niet industriële schilderwerken; betegelenen mozaïekwerken; deklaag- en stucwerken; de montage van buiten- en binnenschrijnwerk van hout en kunststof: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort; de installatie van al dan niet verplaatsbare tussenwanden en de installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in hout of kunststof; de natuursteen- en marmerbewerking; alle vernieuwingswerken,schoonmaakwerken; het schoorsteenvegen; het plaatsen van stellingen,ijzerwaren,smeedwerk,alle metaalwerken; alle werken van glazenmakervak,het plaatsen van ruiten,spiegels,glas-in-loodramen,het vervaardigen van doorzichtige wanden; alle sanitair- en loodgieterijwerken; de installatie van elektrische bedrading en toebehoren,van de installatie van bewakingssystemen en alarminstallaties tegen diefstal; het garneren van meubilair; de kleinhandel,de invoer en de uitvoer van constructiematerialen; alle hydraulische werken,maritieme of rivierwerken,constructie of herstelling van sluizen,stuwdammen,dijken,kanalen en kunstwerken,doorleggings- afwatering- en pompenwerken,irrigatie- en uitbaggeringwerken,créatie en onderhoud van vijvers,rivieren en beekjes; het aanleggen van wegen,fietspaden,enzovoort.
- Schoonheidsbehandelingen : Kappers- en barbiersactiviteiten; Schoonheidsverzorging en andere schoonheidsbehandelingen; Verlenen van advies op het gebied van de schoonheidszorgen en gezichtsverzorging; het aanbrengen van make-up,enz; Huidverzorging en epileren; Manicure en pedicure; Activiteiten van kuuroorden,sauna’s en stoombaden
- Elke activiteit die betrekking heeft op
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 0791.168.523
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 |
| 25082B0095/00D000 | Wallonia | 148 m² | 1 · 57 m² | 9.4 m · 3 |