Equity
-€22,260
Debts exceed assets in financial year 2024.
TK CONCEPT
Lifetime
4 annual accounts with figures on one time axispeak €159,052 (2021)
€5,557▲ €22,447
lowest -€43,031 (2022)
€2,239▲ €22,700
peak €38,994 (2021)
-€22,260▲ €2,239
€115,003▼ 1.9%
Board2 names since 2020
-
Documentsfilings and deeds
12-06-2026316 days late
2024micro format
Gross margin from -€16,891 to €5,557Back to profit: €2,239Registered office moved from Anderlues to Courcelles 07-11
Key points
from the 2024 annual accountsTurnover
≈ €23,000 estimated
The micro format states no turnover.
Debts
€115,003 124% of the balance sheet
Financial debts 0%Suppliers 58%Taxes and wages 5%Other 37%
Filings
4 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€1,000 100 shares
Position in the sector
-24.0%
Lower solvency than 90% of companies in real estate. Sector median 31.1% · 19,156 companies.
Checked score
34
Weak
Financially stronger than 28% of micro companies in real estate (NACE 68)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.9%lowest value
01-2025: 8.2%▲ +1.3 percentage points vs 12-2024
02-2025: 8.2%● unchanged vs 01-2025
03-2025: 8.4%▲ +0.2 percentage points vs 02-2025
04-2025: 7.8%▼ -0.6 percentage points vs 03-2025
05-2025: 7.8%● unchanged vs 04-2025
06-2025: 7.7%▼ -0.1 percentage points vs 05-2025
07-2025: 7.7%● unchanged vs 06-2025
08-2025: 9.9%▲ +2.2 percentage points vs 07-2025
09-2025: 10.1%▲ +0.2 percentage points vs 08-2025
10-2025: 10.8%▲ +0.7 percentage points vs 09-2025
11-2025: 10.8%● unchanged vs 10-2025
12-2025: 10.9%▲ +0.1 percentage points vs 11-2025
01-2026: 10.9%● unchanged vs 12-2025
02-2026: 10.9%● unchanged vs 01-2026
03-2026: 10.9%● unchanged vs 02-2026
04-2026: 10.8%▼ -0.1 percentage points vs 03-2026
05-2026: 10.8%● unchanged vs 04-2026
06-2026: 12.2%▲ +1.4 percentage points vs 05-2026highest value
07-2026: 10.2%▼ -2.0 percentage points vs 06-2026
08-2026: 12.2%▲ +2.0 percentage points vs 07-2026highest value
09-2026: 12.2%● unchanged vs 08-2026highest value
10-2026: 9.7%▼ -2.5 percentage points vs 09-2026
11-2026: 6.9%▼ -2.8 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 316 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 12-06-2026)
Liquidity: current ratio 0.62
lowers risk
Sector: Real estate activities (NACE 68)
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 9% of them on solvency, 0% on liquidity, 38% on profitability and 65% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2024.
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).
Comparable companies, two years later
In July 2024, 906 companies had the same profile as TK CONCEPT has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TK CONCEPT itself: 6.9% within 12 months.
Test of the method
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 906 companies, not a prediction for TK CONCEPT. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.62 (0.6 in 2023), below 1. Short-term debt is 124% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 19156 sector peers (2024).
NBB · sector comparisonPosition among 19156 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 316 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2026, 316 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
316 days late
2023
656 days late
2022
32 days late
2021
368 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 343 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 (1)
Board and ownership
last known board- Ersan KELES founderdeed of 16-09-2020
- Vincenzo TULUMELLO founderdeed of 16-09-2020
Recent changes
Registered office moved from Anderlues to Courcelles
New registered office: Place F.Roosevelt 6, 6180 Courcelles · Previous registered office: Rue Paul Janson 37, 6150 Anderlues · Gazette deed
Judicial dissolution, liquidator appointed
Enterprise Court of Hainaut, Charleroi division · Grofils Bernard · judgment of 26-06-2023 · Bankruptcy
Incorporation
Founding capital of €1,000, 100 shares · Founders: Ersan KELES and Vincenzo TULUMELLO · Appointments: Vincenzo TULUMELLO (director) and Ersan KELES (director) · published on 16-09-2020 · Gazette deed
First establishment
Rue Paul Janson 37, Anderlues
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TK CONCEPT Courcelles | €92,744 | €5,557 | -24.0% | - |
| JMJ Management Hulshout | €94,338 | €3,286 | 52.8% | - |
| VOLTIMMO Courcelles | €114,350 | €8,131 | -14.4% | - |
| 1 point 3 bâti-rénove Courcelles | €64,476 | €5,989 | 23.0% | - |
| KD IMMO Lincent | €105,404 | €3,130 | 83.0% | - |
| CixxR Turnhout | €85,933 | €5,962 | -3.4% | - |
| JEFIMA Eeklo | €78,532 | €3,442 | 78.8% | - |
These companies have the same main activity as TK CONCEPT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €64,500 and €114,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 13-09-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121and 4 others
- Establishment unit
- 2.309.049.6636150 Anderlues, since 13-09-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on TK CONCEPT
TK CONCEPT files the micro format. That format states no turnover. The gross margin fell from €159,052 in 2021 to €5,557 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TK CONCEPT
- What is the company number of TK CONCEPT?
- The company number of TK CONCEPT is 0753.982.978. The VAT number is the same number with BE in front: BE 0753.982.978.
- Where is TK CONCEPT based?
- The registered office is at Place Franklin D. Roosevelt 6, 6180 Courcelles.Company details
- What does TK CONCEPT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of TK CONCEPT?
- TK CONCEPT is a private limited company (BV).
- When was TK CONCEPT founded?
- TK CONCEPT was founded on 13-09-2020.
- Is TK CONCEPT still active?
- Yes, TK CONCEPT is an active enterprise in the KBO register.
- How many employees does TK CONCEPT have?
- TK CONCEPT had an average of 2.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of TK CONCEPT?
- The turnover in financial year 2024 is ≈ €23,000. This figure is estimated from the gross margin of €5,557 and 48 comparable companies (NACE 68121). It probably lies between €11,000 and €73,000. It is a rough estimate.
- Is TK CONCEPT profitable?
- In financial year 2024, TK CONCEPT made a profit of €2,239.
- Where can I find the annual accounts of TK CONCEPT?
- TK CONCEPT filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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