TL CONSTRUCT
ActiveTL CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.29M and a net result of €-64k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 69% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-7
Solvency90▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.27 in 2024; short-term debt: 20.1% and cash: 0.1% of total assets), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.1%
Return on assets
-3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
30 d late
2022
11 d early
2021
2 d early
2020
37 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.29M▼ 4.7%
2024 · €1.35M
2018: €575k
2019: €690k
2020: €731k
2021: €761k
2022: €975k
2023: €1.31M
2024: €1.35M
2018 → 2025
Total assets
€1.98M▲ 12.1%
2024 · €1.76M
2018: €867k
2019: €969k
2020: €1.03M
2021: €1.01M
2022: €1.46M
2023: €1.64M
2024: €1.76M
2018 → 2025
Net result
€-64k
2024 · €43k
2018: €2k
2019: €115k
2020: €41k
2021: €30k
2022: €214k
2023: €264k
2024: €43k
2018 → 2025
Working capital
€-326k▼ 52.1%
2024 · €-214k
2018: €205k
2019: €320k
2020: €372k
2021: €353k
2022: €476k
2023: €1.03M
2024: €-214k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€761k-€975k▲ 28.1%€1.31M▲ 34.1%€1.35M▲ 3.3%€1.29M▼ 4.7%
Operating result€45k-€312k▲ 599%€471k▲ 51.1%€71k▼ 84.9%€-60k
Net result€30k-€214k▲ 622%€264k▲ 23.4%€43k▼ 83.6%€-64k
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 €60k after €71k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.91M▲ 13.2%
Current assets
€71k▼ 10.1%
Equity and liabilities €1.98M
Equity
€1.29M▼ 4.7%
Provisions
€32k▼ 3.1%
Debt
€658k▲ 73.6%
The debt ratio rises from 21.5% to 33.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31k▼
2024 · €171k
Cash flow
€27k▼
2024 · €143k
Solvency
65.1%▼
2024 · 76.6%
Current ratio
0.18▼
2024 · 0.27
Quick ratio
0.18▼
2024 · 0.27
Debt / equity
0.51▲
2024 · 0.28
ROE
-5.0%▼
2024 · 3.2%
ROA
-3.2%▼
2024 · 2.5%
Interest coverage
6.04▼
2024 · 17.05
Debt
€658k▲
2024 · €379k
Debt ≤ 1 year
€398k▲
2024 · €294k
Debt > 1 year
€259k▲
2024 · €83k
Income taxes
€141▼
2024 · €19k
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
Assets
Total assets20/58€1.76M€1.98M▲
Fixed assets21/28€1.68M€1.91M▲
Tangible fixed assets22/27€1.68M€1.91M▲
Land and buildings22€1.68M€1.90M▲
Plant, machinery and equipment23€0€1k▲
Furniture and vehicles24€0€0=
Financial fixed assets28€400€400=
Current assets29/58€79k€71k▼
Amounts receivable within one year40/41€78k€67k▼
Trade receivables40€250€67k▲
Other amounts receivable41€78k€129▼
Cash at bank and in hand54/58€26€2k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.98M▲
Equity10/15€1.35M€1.29M▼
Contributions10/11€229k€229k=
Reserves13€1.12M€1.12M▼
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Tax-exempt reserves132€107k€104k▼
Distributable reserves133€991k€991k=
Profit (loss) carried forward14-€-61k
Provisions and deferred taxes16€33k€32k▼
Deferred taxes168€33k€32k▼
Amounts payable17/49€379k€658k▲
Amounts payable after more than one year17€83k€259k▲
Financial debts170/4€83k€259k▲
Amounts payable within one year42/48€294k€398k▲
Current portion of amounts payable after more than one year42€20k€29k▲
Trade debts44€156k€25k▼
Suppliers440/4€156k€25k▼
Taxes, remuneration and social security45€75k€26k▼
Taxes450/3€75k€26k▼
Other amounts payable47/48€42k€317k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€91k▼
Other operating charges640/8€4k€8k▲
Gross operating margin9900€175k€39k▼
Operating profit (loss)9901€71k€-60k▼
Financial income75/76B€601€36▼
Recurring financial income75€601€36▼
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€62k€-65k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€19k€141▼
Profit (loss) for the period9904€43k€-64k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€47k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€-61k▼
Transfer to equity691/2€47k-
To other reserves6921€47k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-64k ▼248%
Net result drops to €-64k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €264k ▲23.4%
Operating result €471k, net result €264k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.27
Current ratio from 2.34 to 6.27; short-term debt falls from €356k to €195k.
31-12
Financial
Equity above €1MEq €1.31M ▲34.1%
6 profitable years in a row build equity to €1.31M.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Glabbeek · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ruekenbosstraat 93380 GlabbeekGround area
1,450 m²
Building footprint
700 m²
Volume, LiDAR
3,914 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TL Construct
since 20022.114.717.487
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24018B0021/00D000 | Flanders | 1,262 m² | 1 · 700 m² | 10.9 m · 2 fl. |
| 24018C0344/00V000 | Flanders | 188 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 3,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2002
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
41001General construction of residential buildings
43221Plumbing work
45211
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.