TKBC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TKBC CONSTRUCT is 1.8% (moderate). The 2024 annual accounts show equity of €151,919 and a net result of €72,913. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 36377 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+27
Solvency75▲+13
Growth83▲+17
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.93 against 1.64 in 2023; short-term debt: 41.9% and cash: 16.1% of total assets), and 49.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
14 d early
2022
102 d late
2021
109 d late
2020
128 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 73 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€232,215▲ 40.0%
2018 · €165,862
EBIT margin
10.2%▲ 1.3pp
2018 · 9.0%
Net result
€72,913▲ 1,391%
2023 · €4,891
Working capital
€118,400▲ 81.9%
2023 · €65,096
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€232,215
Operating result€23,717▲ 165%€12,023▼ 49.3%€22,211▲ 84.7%€10,928▼ 50.8%€72,628▲ 565%
Net result€22,161▲ 472%€4,278▼ 80.7%€22,948▲ 436%€4,891▼ 78.7%€72,913▲ 1,391%
EBIT margin10.2%
Equity€54,889▲ 67.7%€59,167▲ 7.8%€82,115▲ 38.8%€79,006▼ 3.8%€151,919▲ 92.3%
Total assets€130,299▲ 52.6%€144,282▲ 10.7%€169,579▲ 17.5%€211,271▲ 24.6%€302,380▲ 43.1%
Debt€75,410▲ 43.2%€85,115▲ 12.9%€87,464▲ 2.8%€132,266▲ 51.2%€150,461▲ 13.8%
Working capital€43,000▲ 46.4%€46,626▲ 8.4%€70,676▲ 51.6%€65,096▼ 7.9%€118,400▲ 81.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 565% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €302,380
Fixed assets
€57,210 ▲ 27.6%
Current assets
€245,170 ▲ 47.3%
Equity and liabilities €302,380
Equity
€151,919 ▲ 92.3%
Debt
€150,461 ▲ 13.8%
Debt's share of the balance-sheet total falls from 62.6% to 49.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87,418▲
2023 · €19,180
Cash flow
€87,703▲
2023 · €13,142
Current ratio
1.93▲
2023 · 1.64
Debt to equity
0.99▼
2023 · 1.67
ROE
48.0%▲
2023 · 6.2%
ROA
24.1%▲
2023 · 2.3%
Interest coverage
34.25▲
2023 · 19.23
Debt ≤ 1 year
€126,770▲
2023 · €101,331
Debt > 1 year
€23,679▼
2023 · €30,822
Income taxes
€507▼
2023 · €7,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €232,215 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €670 | - | €11,135 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,916 | €11,695 | - | €8,252 | €14,790 | ▲ 79.2% |
| Other operating charges640/8 | - | €1,444 | - | €1,098 | - | - |
| Gross operating margin9900 | €32,901 | €25,832 | €22,211 | €31,413 | €87,418 | ▲ 178% |
| Operating profit (loss)9901 | €23,717 | €12,023 | €22,211 | €10,928 | €72,628 | ▲ 565% |
| Financial income75/76B | - | €1,966 | €2,546 | €2,509 | €3,345 | ▲ 33.3% |
| Recurring financial income75 | €2,946 | €1,966 | €2,546 | €2,509 | €3,345 | ▲ 33.3% |
| Financial charges65/66B | - | €1,858 | €1,809 | €997 | €2,552 | ▲ 156% |
| Recurring financial charges65 | €1,808 | €1,858 | €1,809 | €997 | €2,552 | ▲ 156% |
| Profit (loss) for the period before taxes9903 | €24,854 | €12,131 | €22,948 | €12,440 | €73,421 | ▲ 490% |
| Income taxes67/77 | €2,693 | €7,853 | - | €7,549 | €507 | ▼ 93.3% |
| Profit (loss) for the period9904 | €22,161 | €4,278 | €22,948 | €4,891 | €72,913 | ▲ 1,391% |
| Profit (loss) for the period to be appropriated9905 | €22,161 | €4,278 | €22,948 | €4,891 | €72,913 | ▲ 1,391% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,299 | €144,282 | €169,579 | €211,271 | €302,380 | ▲ 43.1% |
| Fixed assets21/28 | €44,007 | €33,793 | €21,707 | €44,844 | €57,210 | ▲ 27.6% |
| Tangible fixed assets22/27 | €43,707 | €33,493 | €21,407 | €44,544 | €56,910 | ▲ 27.8% |
| Plant, machinery and equipment23 | - | €1,379 | €886 | €392 | - | - |
| Furniture and vehicles24 | - | €12,501 | €6,099 | €34,921 | €52,870 | ▲ 51.4% |
| Leasing and similar rights25 | - | €19,613 | €14,422 | €9,231 | €4,040 | ▼ 56.2% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €86,292 | €110,489 | €147,872 | €166,428 | €245,170 | ▲ 47.3% |
| Amounts receivable within one year40/41 | €63,559 | €96,609 | €131,928 | €138,923 | €192,445 | ▲ 38.5% |
| Trade receivables40 | - | €62,407 | €90,114 | €84,355 | €135,864 | ▲ 61.1% |
| Other amounts receivable41 | - | €34,201 | €41,814 | €54,568 | €56,580 | ▲ 3.7% |
| Cash at bank and in hand54/58 | €21,508 | €12,305 | €13,987 | €23,762 | €48,768 | ▲ 105% |
| Deferred charges and accrued income490/1 | - | €1,575 | €1,958 | €3,742 | €3,957 | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,299 | €144,282 | €169,579 | €211,271 | €302,380 | ▲ 43.1% |
| Equity10/15 | €54,889 | €59,167 | €82,115 | €79,006 | €151,919 | ▲ 92.3% |
| Contributions10/11 | €0 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €2,722 | €2,722 | €2,722 | €2,722 | €2,722 | = |
| Non-distributable reserves130/1 | - | €2,722 | €2,722 | €2,722 | €2,722 | = |
| Reserves not available under the articles1311 | - | €2,722 | €2,722 | €2,722 | €2,722 | = |
| Profit (loss) carried forward14 | €52,067 | €56,345 | €79,293 | €76,184 | €149,097 | ▲ 95.7% |
| Amounts payable17/49 | €75,410 | €85,115 | €87,464 | €132,266 | €150,461 | ▲ 13.8% |
| Amounts payable after more than one year17 | €32,065 | €21,231 | €10,035 | €30,822 | €23,679 | ▼ 23.2% |
| Financial debts170/4 | - | €21,231 | €10,035 | €30,822 | €23,679 | ▼ 23.2% |
| Amounts payable within one year42/48 | €43,292 | €63,863 | €77,196 | €101,331 | €126,770 | ▲ 25.1% |
| Current portion of amounts payable after more than one year42 | - | €10,906 | €11,196 | €6,651 | €7,503 | ▲ 12.8% |
| Trade debts44 | €27,443 | €49,036 | €65,314 | €79,967 | €104,995 | ▲ 31.3% |
| Suppliers440/4 | - | €49,036 | €65,314 | €79,967 | €104,995 | ▲ 31.3% |
| Taxes, remuneration and social security45 | - | €3,921 | €686 | €14,714 | €14,272 | ▼ 3.0% |
| Taxes450/3 | - | - | €60 | €7,528 | €14,272 | ▲ 89.6% |
| Remuneration and social security454/9 | - | €3,921 | €626 | €7,186 | - | - |
| Accrued charges and deferred income492/3 | - | €21 | €233 | €112 | €12 | ▼ 88.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,161 | €4,278 | €22,948 | €4,891 | €72,913 | ▲ 1,391% |
| + Depreciation and write-downs630 | €7,916 | €11,695 | - | €8,252 | €14,790 | ▲ 79.2% |
| Operating cash flow (approximation) | €30,077 | €15,973 | €22,948 | €13,142 | €87,703 | ▲ 567% |
| Investment in fixed assets (approximation) | - | -€1,481 | €12,087 | -€31,389 | -€27,156 | ▲ 13.5% |
| Change in cash | - | -€9,203 | €1,681 | €9,776 | €25,006 | ▲ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €72,913 ▲1,391%
Operating result €72,628, net result €72,913, both a record.
31-12
Financial
Equity above €150,000Eq €151,919 ▲92.3%
7 profitable years in a row build equity to €151,919.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 128 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet €3,873 ▼67.2%
Net result drops to €3,873, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 77 days late
2015
03-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 95 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2013
Ground area
747 m²
Building footprint
212 m²
Volume, LiDAR
1,862 m³
2 parcels, Brussels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
TKBC CONSTRUCT
since 20132.225.399.140
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0192/00D000 | Flanders | 405 m² | 1 · 113 m² | 12.7 m · 3 fl. |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ALTERNATIVE SOLUTIONS
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Chaudfontaine · Eq €151,566
Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,053 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
52210Service activities incidental to land transportation
81210General cleaning of buildings
Contact
E-mail
tkbcbelgique@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.