TK CONSTRUCT

Active

Private limited companyfounded 20196 yrs activeRue des Claires Fontaines(CO) 50, 6180 Courcelles, BelgiumKBO/BCE: BE 0740.564.811

The computed 12-month bankruptcy probability of TK CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €15k and a net result of €-26k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 7107 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

27 / 100

Weak▼ -18 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency32▼-5

Growth32▼-20

Stability100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.24 against 1.21 in 2024), and 79.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

20.8%

Return on assets

-34.5%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

202122232425

2020 to 2025 · latest year -€26k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 6 filings

Deviation from the deadline

2025

31 d late

2024

6 d early

2023

31 d late

2022

31 d late

2021

29 d late

2020

114 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

07-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€15k▼ 62.4%

2024 · €41k

2020: €17k 2021: €18k 2022: €23k 2023: €44k 2024: €41k

2020 → 2025

Total assets

€74k▼ 58.3%

2024 · €178k

2020: €45k 2021: €44k 2022: €73k 2023: €113k 2024: €178k

2020 → 2025

Net result

€-26k▼ 897%

2024 · €-3k

2020: €15k 2021: €4k 2022: €5k 2023: €21k 2024: €-3k

2020 → 2025

Working capital

€14k▼ 35.0%

2024 · €22k

2020: €10k 2021: €7k 2022: €3k 2023: €20k 2024: €22k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€18k-€23k▲ 29.0%€44k▲ 88.9%€41k▼ 5.9%€15k▼ 62.4%

Operating result€6k-€9k▲ 49.4%€28k▲ 199%€8k▼ 72.3%€-22k

Net result€4k-€5k▲ 32.6%€21k▲ 296%€-3k€-26k▼ 897%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €22k after €8k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €74k

98.6%

Fixed assets €1k▼ 97.8%

Current assets €73k▼ 43.4%

Equity and liabilities €74k

20.8%

79.2%

Equity €15k▼ 62.4%

Debt €59k▼ 57.1%

The debt ratio rises from 77.0% to 79.2%: equity shrinks faster than debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-20k▼

2024 · €25k

Cash flow

€-24k▼

2024 · €15k

Solvency

20.8%▼

2024 · 23.0%

Current ratio

1.24▲

2024 · 1.21

Quick ratio

1.24▲

2024 · 1.21

Debt / equity

3.82▲

2024 · 3.34

ROE

-166.1%▼

2024 · -6.3%

ROA

-34.5%▼

2024 · -1.4%

Interest coverage

-16.99▼

2024 · 7.65

Debt

€59k▼

2024 · €137k

Debt ≤ 1 year

€59k▼

2024 · €107k

Income taxes

€3k▼

2024 · €7k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Total assets20/58€178k€74k▼

Fixed assets21/28€49k€1k▼

Tangible fixed assets22/27€49k€872▼

Financial fixed assets28€200€200=

Current assets29/58€129k€73k▼

Amounts receivable within one year40/41€125k€73k▼

Cash & bank54/58€4k-

Total equity & liabilities10/49€178k€74k▼

Equity10/15€41k€15k▼

Contributions / capital10/11€2k€2k=

Accumulated profits (losses)14€39k€13k▼

Amounts payable17/49€137k€59k▼

Amounts payable after one year17€30k-

Amounts payable within one year42/48€107k€59k▼

Trade debts payable within one year44€65k€47k▼

Income statement Code20242025

Gross operating margin9900€25k€6k▼

Operating result9901€8k€-22k▼

Financial charges65€3k€1k▼

Result before taxes9903€4k€-23k▼

Income taxes67/77€7k€3k▼

Net result for the period9904€-3k€-26k▼

Result to be appropriated9905€-3k€-26k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 2Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-26k

Net result drops to €-26k, the lowest in the series.

25-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Highest result since 2020net €21k ▲296%

Operating result €28k, net result €21k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

21-03

State Gazette act Registered-office change

2021

08-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.