Result
From profit to loss in 2025, after a profit of €72,913 in 2024.
From profit to loss in 2025, after a profit of €72,913 in 2024.
Lower net result than 91% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 54% of them on solvency, 38% on liquidity, 16% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 6,908 companies had the same profile as TKBC CONSTRUCT has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TKBC CONSTRUCT itself: 1.1% within 12 months.
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 6,908 companies, not a prediction for TKBC 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.
Liquidity is ample, with a current ratio of 2.0 (1.93 in 2024), above the usual 1.5. Short-term debt is 42.9% and cash 13.9% of total assets. However, 50.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 71 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.
| Company | ||||
|---|---|---|---|---|
| TKBC CONSTRUCT Uccle | €271,769 | €19,921 | 49.9% | - |
| RAFAEL IMMO RENOV Brussels | €236,900 | €15,808 | 55.8% | - |
| CLAESSEN ELEKTRICITEITSWERKEN Merksplas | €270,207 | €17,346 | 35.2% | - |
| Eco Design Arts Geel | €317,452 | €17,865 | 95.4% | - |
| ERE CONSTRUCT & CONSULTING SERVICES Brussels | €212,189 | €21,304 | 42.4% | - |
| Dialix Auderghem | €264,773 | €27,482 | 25.1% | - |
| BRUXELLES PROJET Ganshoren | €239,336 | €27,067 | 80.9% | - |
These companies have the same main activity as TKBC CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €212,000 and €317,000, founded between 2012 and 2014.
TKBC CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €2,820 in 2014 to €19,921 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 54% of 35,136 companies in 2025.
Higher than 55% of 34,510 companies in 2025.
Higher than 15% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
271,769 | 302,380 | 211,271 | 169,579 | 144,282 | 130,299 | 85,395 | 81,277 | 75,380 | 59,942 | 13,946 | |
21/28 |
38,006 | 57,210 | 44,844 | 21,707 | 33,793 | 44,007 | 15,950 | 22,157 | 965 | 5,268 | 3,168 | |
22/27 |
37,706 | 56,910 | 44,544 | 21,407 | 33,493 | 43,707 | 15,650 | 21,857 | 965 | 5,268 | 3,168 | |
23 |
- | - | 392 | 886 | 1,379 | - | - | - | - | - | - | |
24 |
37,706 | 52,870 | 34,921 | 6,099 | 12,501 | 18,903 | 15,650 | 21,857 | 965 | 5,268 | 3,168 | |
25 |
- | 4,040 | 9,231 | 14,422 | 19,613 | - | - | - | - | - | - | |
28 |
300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | - | - | - | |
29/58 |
233,762 | 245,170 | 166,428 | 147,872 | 110,489 | 86,292 | 69,445 | 59,120 | 74,415 | 54,674 | 10,778 | |
40/41 |
193,457 | 192,445 | 138,923 | 131,928 | 96,609 | 63,559 | 56,876 | 56,356 | 72,091 | 48,790 | 7,226 | |
40 |
104,079 | 135,864 | 84,355 | 90,114 | 62,407 | 33,166 | 23,727 | 34,506 | 46,487 | 22,548 | 826 | |
41 |
89,378 | 56,580 | 54,568 | 41,814 | 34,201 | 30,393 | 33,149 | 21,850 | 25,604 | 26,242 | 6,401 | |
54/58 |
37,784 | 48,768 | 23,762 | 13,987 | 12,305 | 21,508 | 12,009 | 893 | 1,024 | 5,861 | 3,551 | |
490/1 |
2,521 | 3,957 | 3,742 | 1,958 | 1,575 | 1,225 | 560 | 1,872 | 1,301 | 23 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
271,769 | 302,380 | 211,271 | 169,579 | 144,282 | 130,299 | 85,395 | 81,277 | 75,380 | 59,942 | 13,946 | |
10/15 |
135,667 | 151,919 | 79,006 | 82,115 | 59,167 | 54,889 | 32,728 | 28,855 | 17,036 | 6,752 | 1,487 | |
10/11 |
100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |
100 |
- | - | - | - | - | 0 | 100 | 100 | 100 | 100 | 100 | |
11 |
- | - | - | - | - | 100 | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 100 | - | - | - | - | - | |
13 |
2,722 | 2,722 | 2,722 | 2,722 | 2,722 | 2,722 | 2,722 | 1,754 | 1,163 | 741 | 350 | |
130/1 |
2,722 | 2,722 | 2,722 | 2,722 | 2,722 | 2,722 | - | - | - | - | - | |
130 |
- | - | - | - | - | 0 | 2,722 | 1,754 | 1,163 | 741 | 350 | |
1311 |
2,722 | 2,722 | 2,722 | 2,722 | 2,722 | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 2,722 | - | - | - | - | - | |
14 |
132,845 | 149,097 | 76,184 | 79,293 | 56,345 | 52,067 | 29,906 | 27,001 | 15,773 | 5,911 | 1,037 | |
17/49 |
136,102 | 150,461 | 132,266 | 87,464 | 85,115 | 75,410 | 52,666 | 52,422 | 58,344 | 53,190 | 12,459 | |
17 |
19,360 | 23,679 | 30,822 | 10,035 | 21,231 | 32,065 | 12,601 | 16,599 | - | - | - | |
170/4 |
19,360 | 23,679 | 30,822 | 10,035 | 21,231 | 32,065 | 12,601 | 16,599 | - | - | - | |
42/48 |
116,721 | 126,770 | 101,331 | 77,196 | 63,863 | 43,292 | 40,065 | 35,823 | 58,325 | 53,190 | 12,385 | |
42 |
3,545 | 7,503 | 6,651 | 11,196 | 10,906 | 10,349 | 3,998 | 3,901 | - | - | - | |
44 |
102,704 | 104,995 | 79,967 | 65,314 | 49,036 | 27,443 | 31,303 | 30,404 | 56,949 | 51,246 | 7,611 | |
440/4 |
102,704 | 104,995 | 79,967 | 65,314 | 49,036 | 27,443 | 31,303 | 30,404 | 56,949 | 51,246 | 7,611 | |
46 |
- | - | - | - | - | 0 | - | - | - | - | 2,854 | |
45 |
10,472 | 14,272 | 14,714 | 686 | 3,921 | 5,500 | 4,764 | 1,519 | 1,376 | 1,944 | 1,920 | |
450/3 |
298 | 14,272 | 7,528 | 60 | - | 0 | 2,768 | 1,519 | 1,376 | 1,944 | 1,920 | |
454/9 |
10,173 | - | 7,186 | 626 | 3,921 | 5,500 | 1,996 | - | - | - | - | |
492/3 |
21 | 12 | 112 | 233 | 21 | 52 | - | - | 20 | - | 74 | |
| Income statement | ||||||||||||
70 |
- | - | - | - | - | 232,215 | - | 165,862 | - | 173,904 | - | |
76A |
- | - | - | - | - | 0 | - | - | - | 425 | - | |
9900 |
19,921 | 87,418 | 31,413 | 22,211 | 25,832 | 32,901 | 17,087 | 21,463 | 10,775 | 22,231 | 2,820 | |
60/61 |
- | - | - | - | - | 199,314 | - | 145,928 | - | 152,097 | - | |
62 |
- | - | 11,135 | - | 670 | 0 | - | - | 2,439 | 10,789 | - | |
630 |
22,399 | 14,790 | 8,252 | - | 11,695 | 7,916 | 6,207 | 6,207 | 769 | 5,238 | 1,584 | |
640/8 |
1,441 | - | 1,098 | - | 1,444 | 1,268 | 1,934 | 409 | 593 | 474 | 113 | |
66A |
6,050 | - | - | - | - | 0 | - | - | 185 | - | - | |
9901 |
-9,970 | 72,628 | 10,928 | 22,211 | 12,023 | 23,717 | 8,946 | 14,847 | 6,789 | 5,731 | 1,124 | |
75/76B |
3,930 | 3,345 | 2,509 | 2,546 | 1,966 | 2,946 | 2,035 | 1,722 | 1,903 | 1,409 | 307 | |
75 |
3,930 | 3,345 | 2,509 | 2,546 | 1,966 | 2,946 | 2,035 | 1,722 | 1,903 | 1,409 | 307 | |
76B |
- | - | - | - | - | 0 | - | - | - | - | - | |
65/66B |
6,207 | 2,552 | 997 | 1,809 | 1,858 | 1,808 | 3,077 | 85 | 159 | 196 | 43 | |
65 |
6,207 | 2,552 | 997 | 1,809 | 1,858 | 1,808 | 3,077 | 85 | 159 | 196 | 43 | |
66B |
- | - | - | - | - | 0 | - | - | - | - | - | |
9903 |
-12,246 | 73,421 | 12,440 | 22,948 | 12,131 | 24,854 | 7,904 | 16,484 | 8,533 | 6,944 | 1,387 | |
67/77 |
4,006 | 507 | 7,549 | - | 7,853 | 2,693 | 4,031 | 4,665 | 104 | 1,854 | - | |
9904 |
-16,252 | 72,913 | 4,891 | 22,948 | 4,278 | 22,161 | 3,873 | 11,819 | 8,429 | 5,089 | 1,387 | |
9905 |
-16,252 | 72,913 | 4,891 | 22,948 | 4,278 | 22,161 | 3,873 | 11,819 | 8,429 | 5,089 | 1,387 | |
| Appropriation of the result | ||||||||||||
9906 |
132,845 | 149,097 | 84,184 | 79,293 | 56,345 | 52,067 | 30,875 | 27,592 | 16,194 | 6,258 | 1,387 | |
14P |
149,097 | 76,184 | 79,293 | 56,345 | 52,067 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 968 | 591 | 421 | 347 | 350 | |
691 |
- | - | - | - | - | - | - | - | - | 347 | - | |
6920 |
- | - | - | - | - | 0 | 968 | 591 | 421 | - | 350 | |
694/7 |
- | - | 8,000 | - | - | - | - | - | - | - | - | |
695 |
- | - | 8,000 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.
2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00542693.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00542693 | |
| 31-12-2024 | micro format | 31-10-2025 | 2025-00558625 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00253215 | |
| 31-12-2022 | micro format | 10-11-2023 | 2023-00511878 | |
| 31-12-2021 | micro format | 17-11-2022 | 2022-20522901 | |
| 31-12-2020 | micro format | 06-12-2021 | 2021-79800470 | |
| 31-12-2019 | micro format | 18-08-2020 | 2020-42900022 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52900351 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66300070 | |
| 31-12-2016 | micro format | 16-10-2017 | 2017-67400149 | |
| 31-12-2014 | full format | 03-11-2015 | 2015-66400384 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,429 | 87,418 | 19,180 | - | 23,718 | 31,632 | 15,153 | 21,054 | 7,558 | 10,969 | 2,707 | ||
| 6,147 | 87,703 | 13,142 | - | 15,973 | 30,077 | 10,080 | 18,026 | 9,198 | 10,327 | 2,970 | ||
| 4,500 | 27,865 | 31,389 | - | 1,481 | 35,973 | 0 | 27,399 | 13,389 | - | 4,752 | ||
| -10,984 | 25,006 | 9,776 | 1,681 | -9,203 | 9,499 | 11,117 | -132 | -4,837 | - | - | ||
| 117,041 | 118,400 | 65,096 | 70,676 | 46,626 | 43,000 | 29,379 | 23,297 | 16,091 | 1,484 | -1,608 | ||
| - | - | - | - | - | 10.2% | - | 9.0% | - | 3.3% | - | ||
| 49.9% | 50.2% | 37.4% | 48.4% | 41.0% | 42.1% | 38.3% | 35.5% | 22.6% | 11.3% | 10.7% | ||
| 2.00 | 1.93 | 1.64 | 1.92 | 1.73 | 1.99 | 1.73 | 1.65 | 1.28 | 1.03 | 0.87 | ||
| 1.00 | 0.99 | 1.67 | 1.07 | 1.44 | 1.37 | 1.61 | 1.82 | 3.42 | 7.88 | 8.38 | ||
| -12.0% | 48.0% | 6.2% | 27.9% | 7.2% | 40.4% | 11.8% | 41.0% | 49.5% | 75.4% | 93.3% | ||
| -6.0% | 24.1% | 2.3% | 13.5% | 3.0% | 17.0% | 4.5% | 14.5% | 11.2% | 8.5% | 9.9% | ||
| 2.00 | 34.25 | 19.23 | - | 12.76 | - | - | - | - | - | - | ||
| - | - | - | - | - | 52 days | - | 76 days | - | 47 days | - | ||
| - | - | - | - | - | 50 days | - | 76 days | - | 123 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,500 | €27,865 | €31,389 | - | €1,481 |
| €22,399 | €14,790 | €8,252 | - | €11,695 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,970, after a profit of €72,628 in 2024. It is the lowest result since 2014.
Debt's share of the balance-sheet total rises from 49.8% to 50.1%. Equity and debt are lower.
TKBC CONSTRUCT has no parent and no holdings in its annual accounts. TKBC CONSTRUCT shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kersbeeklaan 308 registered office 1180 Uccle | ||
| Dr. J. Appelmanslaan 80 1700 Dilbeek 2511001 Manufacture of metal structures and parts of structures | 29-11-2013 | 2.225.399.140 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23016D0192/00D000 | Flanders | 405 m² | 1 · 113 m² | 12.7 m · 3 |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 |
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 0542.588.603
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