Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
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The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
The 2022 accounts came latest: 31 days after the end of the period.
Lower net result than 93% of companies in construction of buildings. Sector median €8,556 · 9,461 companies.
In July 2024, 1,133 companies had the same profile as TK CONSTRUCT has now. Each dot stands for 3 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
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 1,133 companies, not a prediction for TK 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| TK CONSTRUCT Courcelles | - | - | 20.8% | - |
| ONCIA & RADUCAN RENOVATION Asse | €167,981 | 2.8% | 61.6% | - |
| VKS-CONSTRUCT Zonhoven | - | - | 86.2% | - |
| RANDO Kraainem | - | - | 50.0% | - |
| FIXED CONSTRUCT Sint-Truiden | - | - | 16.3% | - |
| COPA CONSTRUCT Maaseik | - | - | 46.2% | - |
| P&P Bâtiment Uccle | €182,973 | -4.0% | 57.9% | - |
These companies have the same main activity as TK CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €58,800 and €78,800, founded between 2019 and 2021.
TK CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €23,417 in 2020 to €5,753 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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