TK CONSTRUCTIONS
ActiveFrom the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of TK CONSTRUCTIONS is 7.1% (elevated). For TK CONSTRUCTIONS, at least two annual filings are missing. The 2023 annual accounts show equity of €81,271 and a net result of €39,335. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 50% of 33,168 sector peers (NACE 43, financial year 2023). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 02-10-2015 Normal situation
- Activity
- Other specialised construction activities NACE 43990
- Establishment unit
- 2.248.039.930 1080 Sint-Jans-Molenbeek, since 02-10-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 18-01-2025
Board and ownership
Board
- BAKAR BurhanDirector · since 29-09-2015
- BAKAR AyhanDirector
Shareholders
- Ayhan Bakar50%annual accounts 30-06-2018
- Burhan Bakar50%annual accounts 30-06-2018
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.1%
2023 figures too old to score
Annual accounts to 30-06-2023
- Gross margin
- €60,827
- ▲ 94.3%
- Turnover
- ≈ €310,000
- estimated
- Profit
- €39,335
- ▲ 54.3%
- Equity
- €81,271
- ▲ 93.8%
- Total assets
- €179,206
- ▼ 5.4%
2024 accounts not filed, 639 days past the deadline
Filed on 15-04-2024PDF
Signalsraises riskFigures for financial year 2023 (filed on 20-04-2024)2 financial years not filed after the legal deadline; last filed accounts filed 76 days late; 2 of the last 3 accounts lateSize: total assets €179,206Two or more financial years not filed2023 accounts filed 75 days latelowers riskLiquidity: current ratio 1.77, cash €56,624Show the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: Elevated
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Strong
Solvency
70+23
equity 45.4% of total assets
Liquidity
62+52
short-term debt 53.5% · cash 31.6%
Profitability
96+10
return on assets 21.9%
Bankruptcy probability within 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%● unchanged vs 11-2024lowest value
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.4%▲ +0.4 percentage points vs 01-2025
03-2025: 1.6%▲ +0.2 percentage points vs 02-2025
04-2025: 2.5%▲ +0.9 percentage points vs 03-2025
05-2025: 2.5%● unchanged vs 04-2025
06-2025: 3.7%▲ +1.2 percentage points vs 05-2025
07-2025: 5.7%▲ +2.0 percentage points vs 06-2025
08-2025: 5.7%● unchanged vs 07-2025
09-2025: 6.1%▲ +0.4 percentage points vs 08-2025
10-2025: 5.6%▼ -0.5 percentage points vs 09-2025
11-2025: 5.5%▼ -0.1 percentage points vs 10-2025
12-2025: 5.4%▼ -0.1 percentage points vs 11-2025
01-2026: 5.4%● unchanged vs 12-2025
02-2026: 7.0%▲ +1.6 percentage points vs 01-2026
03-2026: 7.0%● unchanged vs 02-2026
04-2026: 6.8%▼ -0.2 percentage points vs 03-2026
05-2026: 7.2%▲ +0.4 percentage points vs 04-2026
06-2026: 7.2%● unchanged vs 05-2026
07-2026: 7.2%● unchanged vs 06-2026
08-2026: 7.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 7.3%● unchanged vs 08-2026highest value
10-2026: 7.1%▼ -0.2 percentage points vs 09-2026
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
30-06-2024 year end31-01-2025 deadline01-11-2026 today
raises risk · 2023 accounts filed 75 days late
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 15-04-2024, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
75 days late
2022
62 days late
2021
on the day
2020
3 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 January 2025 The financial year closed on 30 June 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 1 November 2026.
Annual accounts 2023 filed on 15-04-2024 PDF all 8 filings
Turnover
≈ €310,000
Estimated: probably between €230,000 and €640,000
Total assets
€179,206▼ 5.4%
2022 · €189,523
Net result
€39,335▲ 54.3%
2022 · €25,487
Working capital
€73,317▲ 124%
2022 · €32,753
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is 128% higher than in 2022 and the highest since 2019. It is the third rise in a row, after the fall in 2020.
Operating result€55,089
2023
Net result€39,335
2023
Total assets€179,206
2023
Equity€81,271
2023
Debt€96,435
2023
Working capital€73,317
2023
Return on assets (ROA)21.9%
2023
Solvency45.4%
2023
Current ratio1.77
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€6,247--€31,351-€11,522▲ 63.2%€24,205€55,089▲ 128%
Net result€1,609--€32,049below the sector's middle half-€8,397below the sector's middle half▲ 73.8%€25,487within the sector's middle half€39,335above the sector's middle half▲ 54.3%
Equity€56,895-€24,846within the sector's middle half▼ 56.3%€16,449below the sector's middle half▼ 33.8%€41,936within the sector's middle half▲ 155%€81,271within the sector's middle half▲ 93.8%
Total assets€384,945-€117,416within the sector's middle half▼ 69.5%€122,320within the sector's middle half▲ 4.2%€189,523within the sector's middle half▲ 54.9%€179,206within the sector's middle half▼ 5.4%
Debt€328,050-€92,570▼ 71.8%€104,371▲ 12.7%€146,086▲ 40.0%€96,435▼ 34.0%
Working capital€55,703-€18,087within the sector's middle half▼ 67.5%€16,128within the sector's middle half▼ 10.8%€32,753within the sector's middle half▲ 103%€73,317within the sector's middle half▲ 124%
Solvency14.8%-21.2%within the sector's middle half▲ 6.4pp13.4%below the sector's middle half▼ 7.7pp22.1%below the sector's middle half▲ 8.7pp45.4%within the sector's middle half▲ 23.2pp
Current ratio1.17-1.20within the sector's middle half▲ 0.031.16within the sector's middle half▼ 0.041.23within the sector's middle half▲ 0.071.77within the sector's middle half▲ 0.53
Return on assets (ROA)0.4%--27.3%below the sector's middle half▼ 27.7pp-6.9%below the sector's middle half▲ 20.4pp13.4%within the sector's middle half▲ 20.3pp21.9%above the sector's middle half▲ 8.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €179,206
Fixed assets
€10,075 ▼ 33.0%
Current assets
€169,131 ▼ 3.1%
Equity and liabilities €179,206
Equity
€81,271 ▲ 93.8%
Provisions
€1,500 =
Debt
€96,435 ▼ 34.0%
Debt's share of the balance-sheet total falls from 77.1% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,047▲
2022 · €26,750
Cash flow
€44,293▲
2022 · €28,033
Debt to equity
1.19▼
2022 · 3.48
ROE
48.4%▼
2022 · 60.8%
Interest coverage
over 100▲
2022 · 36.82
Debt ≤ 1 year
€95,815▼
2022 · €141,736
Income taxes
€15,400▲
2022 · -€383
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as TK CONSTRUCTIONS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €167,000 and €220,000, founded between 2015 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| TK CONSTRUCTIONS Sint-Jans-Molenbeek | 2015 | €179,206 | €81,271 | €60,827 | - | €39,335 | - | 2023 |
| ACUAS Sint-Jans-Molenbeek | 2016 | €167,097 | €23,326 | €53,805 | €251 | €36,721 | - | 2026 |
| ELIF KRK Sint-Joost-ten-Node | 2016 | €173,579 | €58,335 | €67,620 | - | €3,422 | 1 | 2025 |
| MC HOME CONSTRUCT Jette | 2015 | €208,002 | €152,900 | €64,012 | - | €52,804 | - | 2025 |
| RENOBEL CONSTRUCT Brussel | 2016 | €195,101 | €105,904 | €64,400 | €423,821 | €20,551 | - | 2025 |
| BUILDING COMPANY EUROPE Koekelberg | 2015 | €208,244 | €128,603 | €51,830 | - | €44,517 | - | 2025 |
| HMR Building Iso & Services Schaarbeek | 2016 | €220,424 | €123,043 | €62,894 | - | €24,269 | - | 2025 |
They were chosen from the 7,011 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €656 | €928 | €2,171 | €2,546 | €4,959 | ▲ 94.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,601 | - | - |
| Other operating charges640/8 | - | - | - | €1,963 | €779 | ▼ 60.3% |
| Gross operating margin9900 | €8,983 | -€27,964 | -€5,218 | €31,313 | €60,827 | ▲ 94.3% |
| Operating profit (loss)9901 | €6,247 | -€31,351 | -€11,522 | €24,205 | €55,089 | ▲ 128% |
| Financial income75/76B | - | - | - | €1,626 | - | - |
| Recurring financial income75 | €3,944 | €4,313 | €5,307 | €1,626 | - | - |
| Financial charges65/66B | - | - | - | €726 | €354 | ▼ 51.3% |
| Recurring financial charges65 | €7,204 | €5,070 | €1,023 | €726 | €354 | ▼ 51.3% |
| Profit (loss) for the period before taxes9903 | €2,987 | -€32,107 | -€7,238 | €25,104 | €54,735 | ▲ 118% |
| Income taxes67/77 | €1,378 | -€58 | €1,159 | -€383 | €15,400 | - |
| Profit (loss) for the period9904 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,945 | €117,416 | €122,320 | €189,523 | €179,206 | ▼ 5.4% |
| Fixed assets21/28 | €1,547 | €8,471 | €7,228 | €15,033 | €10,075 | ▼ 33.0% |
| Tangible fixed assets22/27 | €1,547 | €8,471 | €7,228 | €15,033 | €10,075 | ▼ 33.0% |
| Plant, machinery and equipment23 | - | - | - | €6,725 | €4,427 | ▼ 34.2% |
| Furniture and vehicles24 | - | - | - | €7,517 | €4,943 | ▼ 34.2% |
| Other tangible fixed assets26 | - | - | - | €791 | €704 | ▼ 10.9% |
| Current assets29/58 | €383,398 | €108,946 | €115,092 | €174,489 | €169,131 | ▼ 3.1% |
| Stocks and contracts in progress3 | €280,234 | - | - | €78,921 | - | - |
| Contracts in progress37 | - | - | - | €78,921 | - | - |
| Amounts receivable within one year40/41 | €74,632 | €88,925 | €105,524 | €86,517 | €111,735 | ▲ 29.1% |
| Trade receivables40 | - | - | - | €47,835 | €95,535 | ▲ 99.7% |
| Other amounts receivable41 | - | - | - | €38,682 | €16,199 | ▼ 58.1% |
| Cash at bank and in hand54/58 | €14,232 | €11,749 | €9,568 | €957 | €56,624 | ▲ 59× |
| Deferred charges and accrued income490/1 | - | - | - | €8,094 | €773 | ▼ 90.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,945 | €117,416 | €122,320 | €189,523 | €179,206 | ▼ 5.4% |
| Equity10/15 | €56,895 | €24,846 | €16,449 | €41,936 | €81,271 | ▲ 93.8% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €37,860 | €5,860 | €1,860 | €1,860 | €61,860 | ▲ 33× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Other1319 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €60,000 | - |
| Profit (loss) carried forward14 | €435 | €386 | -€4,011 | €21,476 | €811 | ▼ 96.2% |
| Provisions and deferred taxes16 | - | - | €1,500 | €1,500 | €1,500 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €1,500 | €1,500 | = |
| Other liabilities and charges164/5 | - | - | - | €1,500 | €1,500 | = |
| Amounts payable17/49 | €328,050 | €92,570 | €104,371 | €146,086 | €96,435 | ▼ 34.0% |
| Amounts payable within one year42/48 | €327,695 | €90,859 | €98,964 | €141,736 | €95,815 | ▼ 32.4% |
| Trade debts44 | €36,858 | €38,441 | €59,823 | €98,128 | €65,335 | ▼ 33.4% |
| Suppliers440/4 | - | - | - | €98,128 | €65,335 | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,559 | €17,959 | ▲ 602% |
| Taxes450/3 | - | - | - | €2,559 | €17,959 | ▲ 602% |
| Other amounts payable47/48 | - | - | - | €41,049 | €12,521 | ▼ 69.5% |
| Accrued charges and deferred income492/3 | - | - | - | €4,350 | €620 | ▼ 85.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| + Depreciation and write-downs630 | €656 | €928 | €2,171 | €2,546 | €4,959 | ▲ 94.8% |
| Operating cash flow (approximation) | €2,265 | -€31,121 | -€6,226 | €28,033 | €44,293 | ▲ 58.0% |
| Investment in fixed assets (approximation) | - | -€7,852 | -€928 | -€10,351 | €0 | - |
| Change in cash | - | -€2,483 | -€2,181 | -€8,611 | €55,667 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 15-04-2024 | 2024-00065661 | |
| 30-06-2022 | micro format | 03-04-2023 | 2023-00053352 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04300079 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02300228 | |
| 30-06-2019 | micro format | 09-01-2020 | 2020-00600259 | |
| 30-06-2018 | micro format | 03-01-2019 | 2019-00200393 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03600126 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03400535 |
Board & ownership
Directors
Directors
2 directors
Current
BAKAR Ayhan
Current
Director · in office according to the act of 12-02-2024
Owners and capital
Shareholders
2 ownersOwners 2
- Ayhan Bakarnatural personSourceown accounts 30-06-201850%
- Burhan Bakarnatural personSourceown accounts 30-06-201850%
Capital transactions
Capital over time
- 12-02-2024 Converted to unavailable equity · €20,460
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BAKAR Ayhan |
|
| BAKAR Burhan |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, avec ou sans limitation de durée”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, nullité”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts, en tout temps”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, le ou les administrateurs en fonction désignés comme liquidateur(s) en vertu…”
Articles of association, deed of 12-02-2024 (in French)
Network & group
Connections & network
2 current directorsThe network starts from the directors of TK CONSTRUCTIONS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2024
15-04
financial year 2023 · micro format · 75 days late
12-02
Gazette deed
Reappointments: BAKAR Burhan (director) and BAKAR Ayhan (director)Amendment of the articles · Capital conversion · Capital9 points ▸
Gazette deed
Reappointments: BAKAR Burhan (director) and BAKAR Ayhan (director)
Amendment of the articles · Capital conversion · Capital9 points ▸
- General meeting, 31-01-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Director reappointment, BAKAR Burhan (director)
- Director reappointment, BAKAR Ayhan (director)
- Registered office clause, “1080 Molenbeek-Saint-Jean, Avenue des Amandiers 26, toute communication vers cette adresse par les actionnaires, les titulaires de titres émis par la société et…” (deed in French)
- Power of attorney
- Power of attorney, Frederic CONVENT
2023
30-06
Financial
Highest result from 2019 to 2023net €39,335 ▲54.3%
The operating result of €55,089 and the net result of €39,335 are both a record.
03-04
financial year 2022 · micro format · 62 days late
2022
30-06
Financial
Back to profitnet €25,487
The net result is €25,487, after 2 loss-making years.
31-01
financial year 2021 · micro format
2021
28-01
financial year 2020 · micro format
2020
30-06
Financial
Weakest financial yearnet -€32,049
The net result drops to -€32,049, the lowest from 2019 to 2023. It recovers the following year.
09-01
financial year 2019 · micro format
2019
03-01
financial year 2018 · micro format
2018
30-01
financial year 2017 · micro format
2017
31-01
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TK CONSTRUCTIONS in French
Enterprise number
0639.875.445
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-10-2015
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-02-2024 (in French)Name clauseThe company operates under this name according to its articles.
TK CONSTRUCTIONS
deed of 12-02-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, établissement par simple décision organe d’administration de sièges…”
deed of 12-02-2024 (in French)Registered office and establishments
Registered office
Amandelbomenlaan 26, 1080 Sint-Jans-Molenbeek, Belgium
Establishments
1 establishment unit since 2015
Activities
NACEBEL 202543990
Other specialised construction activities main activity
Invoicing and payment
VAT number
BE 0639.875.445
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 0639.875.445
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Monday of December at 18:00
deed of 12-02-2024 (in French)Sites & property
Location
1 establishment unit
TK CONSTRUCTIONS
since 2015unit number 2.248.039.930
Buildings and parcels at the address
Ground area
198 m²
Building footprint
95 m²
Building volume
1,106 m³
Parcel 21524C0185/00K000, Brussels · tallest building 13.3 m.
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21524C0185/00K000 | Brussels | 198 m² | 1 · 95 m² | 13.3 m · 4 |