TL CONSTRUCT
ActiveSummary
TL CONSTRUCT has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€64,100. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 70% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-06-2002 Normal situation
- Activity
- General electrical installation work NACE 43211and 2 others
- Establishment unit
- 2.114.717.487 3380 Glabbeek, since 17-12-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 04-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Gross margin
- €38,984
- ▼ 77.7%
- Turnover
- ≈ €180,000
- estimated
- Loss
- €64,100
- Equity
- €1.3m
- ▼ 4.7%
- Total assets
- €2.0m
- ▲ 12.1%
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.18, cash €1,759Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2002Size: total assets €2.0mShow the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 41% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
90-10
equity 65.1% of total assets
Liquidity
44-2
short-term debt 20.1% · cash 0.1%
Profitability
65-7
return on assets -3.2%
Bankruptcy probability within 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.7%▲ +0.5 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -0.8 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.27 in 2024), below 1. Short-term debt is 20.1% and cash 0.1% of total assets. 34.9% of the assets are financed with debt and provisions.
Calculation
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 71% of them on solvency, 34% on liquidity, 31% on profitability and 29% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
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. 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 · 10 filingsDeviation from the deadline
2025
26 days late
2024
28 days late
2023
30 days late
2022
11 days early
2021
2 days early
2020
37 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427938.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 22 filings
Turnover
≈ €180,000
Estimated: probably between €130,000 and €280,000
Total assets
€2.0m▲ 12.1%
2024 · €1.8m
Net result
-€64,100
2024 · €43,432
Working capital
-€326,172▼ 52.1%
2024 · -€214,379
In the rankings
#2 company by equity in Glabbeek, Construction sector#6 company by total assets in Glabbeek, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€59,864
2025
20182025
Net result
-€64,100
2025
lowest quarter of the sector
20182025
Equity
€1.3m
▼ 4.7%
2025
highest quarter of the sector
20182025
Total assets
€2.0m
▲ 12.1%
2025
highest quarter of the sector
20182025
Debt
€658,188
▲ 73.6%
2025
20182025
Working capital
-€326,172
▼ 52.1%
2025
lowest quarter of the sector
20182025
Solvency
65.1%
▼ 11.5pp
2025
middle half of the sector
20182025
Current ratio
0.18
▼ 0.09
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.2%
▼ 5.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.008m-€0.2m▲ 20×€0.06m▼ 62.1%€0.04m▼ 29.2%€0.3m▲ 599%€0.5m▲ 51.1%€0.07m▼ 84.9%-€0.06m
Net result€0.002m-€0.1m▲ 61×€0.04mabove the sector's middle half▼ 64.2%€0.03mabove the sector's middle half▼ 28.1%€0.2mabove the sector's middle half▲ 622%€0.3mabove the sector's middle half▲ 23.4%€0.04mabove the sector's middle half▼ 83.6%-€0.06mbelow the sector's middle half
Equity€0.6m-€0.7m▲ 20.1%€0.7mabove the sector's middle half▲ 6.0%€0.8mabove the sector's middle half▲ 4.1%€1.0mabove the sector's middle half▲ 28.1%€1.3mabove the sector's middle half▲ 34.1%€1.4mabove the sector's middle half▲ 3.3%€1.3mabove the sector's middle half▼ 4.7%
Total assets€0.9m-€1.0m▲ 11.7%€1.0mabove the sector's middle half▲ 6.3%€1.0mabove the sector's middle half▼ 1.9%€1.5mabove the sector's middle half▲ 44.4%€1.6mabove the sector's middle half▲ 12.6%€1.8mabove the sector's middle half▲ 7.4%€2.0mabove the sector's middle half▲ 12.1%
Debt€0.3m-€0.3m▼ 4.7%€0.3m▲ 7.0%€0.2m▼ 16.5%€0.5m▲ 94.0%€0.3m▼ 37.9%€0.4m▲ 26.3%€0.7m▲ 73.6%
Working capital€0.2m-€0.3m▲ 56.0%€0.4mabove the sector's middle half▲ 16.1%€0.4mabove the sector's middle half▼ 5.1%€0.5mabove the sector's middle half▲ 35.0%€1.0mabove the sector's middle half▲ 116%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 52.1%
Solvency66.3%-71.2%▲ 4.9pp71.0%above the sector's middle half▼ 0.2pp75.3%above the sector's middle half▲ 4.3pp66.8%above the sector's middle half▼ 8.5pp79.6%above the sector's middle half▲ 12.8pp76.6%above the sector's middle half▼ 3.0pp65.1%within the sector's middle half▼ 11.5pp
Current ratio3.66-4.77▲ 1.113.94above the sector's middle half▼ 0.834.54above the sector's middle half▲ 0.602.34within the sector's middle half▼ 2.206.27above the sector's middle half▲ 3.930.27below the sector's middle half▼ 6.000.18below the sector's middle half▼ 0.09
Return on assets (ROA)0.2%-11.9%▲ 11.7pp4.0%within the sector's middle half▼ 7.9pp2.9%within the sector's middle half▼ 1.1pp14.7%within the sector's middle half▲ 11.7pp16.1%within the sector's middle half▲ 1.4pp2.5%within the sector's middle half▼ 13.6pp-3.2%below the sector's middle half▼ 5.7pp
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.
The operating result for 2025 is a loss of €59,864, after a profit of €71,112 in 2024. It is the lowest result since 2021.
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
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.9m ▲ 13.2%
Current assets
€71,372 ▼ 10.1%
Equity and liabilities €2.0m
Equity
€1.3m ▼ 4.7%
Provisions
€32,092 ▼ 3.1%
Debt
€658,188 ▲ 73.6%
Debt's share of the balance-sheet total rises from 21.5% to 33.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,203▼
2024 · €170,704
Cash flow
€26,966▼
2024 · €143,024
Debt to equity
0.51▲
2024 · 0.28
ROE
-5.0%▼
2024 · 3.2%
Interest coverage
6.04▼
2024 · 17.05
Debt ≤ 1 year
€397,545▲
2024 · €293,778
Debt > 1 year
€259,243▲
2024 · €83,354
Income taxes
€141▼
2024 · €19,304
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €170,000 | €170,000 | - | - | - |
| Carrying value of the mortgaged assets | €275,463 | €262,375 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €56,287 | €103,705 | - | €1.4m | €312,995 |
| Depreciation and write-downs of the year | €30,044 | €35,421 | €22,101 | €99,593 | €91,066 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €136,649 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,915 | €38,175 | €32,008 | €30,044 | €35,421 | €22,101 | €99,593 | €91,066 | ▼ 8.6% |
| Other operating charges640/8 | - | - | - | €4,962 | €7,282 | €4,014 | €3,931 | €7,781 | ▲ 98.0% |
| Non-recurring operating charges66A | - | - | - | - | €8,189 | - | - | - | - |
| Gross operating margin9900 | €169,850 | €209,473 | €99,582 | €79,644 | €362,860 | €497,579 | €174,635 | €38,984 | ▼ 77.7% |
| Operating profit (loss)9901 | €8,315 | €166,235 | €63,019 | €44,639 | €311,967 | €471,463 | €71,112 | -€59,864 | - |
| Financial income75/76B | - | - | - | €169 | €735 | €1 | €601 | €36 | ▼ 94.0% |
| Recurring financial income75 | - | - | - | €169 | €735 | €1 | €601 | €36 | ▼ 94.0% |
| Financial charges65/66B | - | - | - | €3,738 | €4,103 | €3,154 | €10,012 | €5,167 | ▼ 48.4% |
| Recurring financial charges65 | €6,194 | €5,958 | €6,150 | €3,738 | €4,103 | €3,154 | €10,012 | €5,167 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | €2,120 | €160,278 | €56,869 | €41,069 | €308,599 | €468,310 | €61,701 | -€64,994 | - |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €1,035 | €1,035 | = |
| Transfer to deferred taxes680 | - | - | - | - | - | €102,487 | - | - | - |
| Income taxes67/77 | €217 | €45,022 | €15,650 | €11,426 | €94,567 | €101,632 | €19,304 | €141 | ▼ 99.3% |
| Profit (loss) for the period9904 | €1,903 | €115,256 | €41,218 | €29,643 | €214,032 | €264,191 | €43,432 | -€64,100 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €3,106 | €3,106 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €34,162 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1,903 | €115,256 | €41,218 | €29,643 | €214,032 | €230,029 | €46,537 | -€60,994 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €1.0m | €1.0m | €1.5m | €1.6m | €1.8m | €2.0m | ▲ 12.1% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.5m | €0.6m | €0.6m | €0.4m | €1.7m | €1.9m | ▲ 13.2% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | €0.6m | €0.6m | €0.4m | €1.7m | €1.9m | ▲ 13.2% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.4m | €1.7m | €1.9m | ▲ 13.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0 | €0.001m | - |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.003m | - | €0 | €0 | - |
| Financial fixed assets28 | €0.001m | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €0.3m | €0.4m | €0.5m | €0.5m | €0.8m | €1.2m | €0.08m | €0.07m | ▼ 10.1% |
| Stocks and contracts in progress3 | - | €0.02m | €0.02m | €0.2m | €0.8m | €1.0m | - | - | - |
| Stocks30/36 | - | - | - | €0.2m | €0.8m | €1.0m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.3m | €0.4m | €0.2m | €0.01m | €0.06m | €0.08m | €0.07m | ▼ 13.8% |
| Trade receivables40 | - | - | - | €31 | €437 | €0.001m | €250 | €0.07m | ▲ 268× |
| Other amounts receivable41 | - | - | - | €0.2m | €0.01m | €0.06m | €0.08m | €129 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €0.1m | €0.06m | €0.06m | €0.04m | €0.001m | €0.2m | €26 | €0.002m | ▲ 68× |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.002m | €0.002m | €0.003m | ▲ 62.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €1.0m | €1.0m | €1.5m | €1.6m | €1.8m | €2.0m | ▲ 12.1% |
| Equity10/15 | €0.6m | €0.7m | €0.7m | €0.8m | €1.0m | €1.3m | €1.4m | €1.3m | ▼ 4.7% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.5m | €0.5m | €0.5m | €0.7m | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.008m | €0.008m | €0.1m | €0.1m | €0.1m | ▼ 2.9% |
| Distributable reserves133 | - | - | - | €0.5m | €0.7m | €0.9m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€0.06m | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.03m | €0.03m | €0.03m | ▼ 3.1% |
| Deferred taxes168 | - | - | - | - | - | €0.03m | €0.03m | €0.03m | ▼ 3.1% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €0.2m | €0.5m | €0.3m | €0.4m | €0.7m | ▲ 73.6% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | €0.3m | ▲ 211% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.3m | ▲ 211% |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.1m | €0.1m | €0.4m | €0.2m | €0.3m | €0.4m | ▲ 35.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 42.7% |
| Financial debts43 | - | - | - | - | - | €0.1m | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.1m | - | - | - |
| Trade debts44 | €0.007m | €0.009m | €0.01m | €0.06m | €0.1m | €0.02m | €0.2m | €0.02m | ▼ 84.1% |
| Suppliers440/4 | - | - | - | €0.06m | €0.1m | €0.02m | €0.2m | €0.02m | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.006m | €0.005m | €0.08m | €0.03m | ▼ 64.8% |
| Taxes450/3 | - | - | - | €0.01m | €0.006m | €0.005m | €0.08m | €0.03m | ▼ 64.8% |
| Other amounts payable47/48 | - | - | - | - | €0.2m | €0.05m | €0.04m | €0.3m | ▲ 661% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 30.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | €0.1m | €0.04m | €0.03m | €0.2m | €0.3m | €0.04m | -€0.06m | - |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.03m | €0.03m | €0.04m | €0.02m | €0.1m | €0.09m | ▼ 8.6% |
| Operating cash flow (approximation) | €0.04m | €0.2m | €0.07m | €0.06m | €0.2m | €0.3m | €0.1m | €0.03m | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | -€0.02m | €0 | -€0.06m | -€0.1m | €0.2m | -€1.4m | -€0.3m | ▲ 77.1% |
| Change in cash | - | -€0.07m | €0.001m | -€0.02m | -€0.04m | €0.2m | -€0.2m | €0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as TL CONSTRUCT has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TL CONSTRUCT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 8,617 companies, not a prediction for TL 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00427938 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00432948 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00455590 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00273679 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20270856 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-25100225 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24500423 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-21200601 | |
| 31-12-2017 | abbreviated format | 04-06-2018 | 2018-15700318 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16100536 |
Board & ownership
Directors
Directors
1 director, last change in 2025
BOESMANS Luc
Current
Director (not named in the articles) · appointed in the act of 25-02-2025 · earlier manager, until 25-02-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 26-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
deed of 25-02-2025Owners and capital
Owners
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BOESMANS Luc |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Door aandeelhouders vast te stellen, deel bevoegdheid bij bijzondere volmacht aan derde aangestelde”
Articles of association, deed of 25-02-2025 (in Dutch)
Network & group
TL CONSTRUCT shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of TL CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-08
micro format · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€64,100
The net result drops to -€64,100, the lowest from 2018 to 2025.
28-08
micro format · 28 days late
25-02
Gazette deed
Legal-form change · Resignations & appointmentsChange of role: BOESMANS Luc, from manager to director · Incorporation · Amendment of the articles10 points ▸
Gazette deed
Legal-form change · Resignations & appointments
Change of role: BOESMANS Luc, from manager to director · Incorporation · Amendment of the articles10 points ▸
- General meeting, “éénparig”, 17-02-2025 (deed in Dutch)
- Incorporation, 24-05-2002
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “middelen beschikbaar voor uitkering”, EUR (deed in Dutch)
- Share issue, 186, “vergoeding voor de inbrengen” (deed in Dutch)
- Power of attorney, Bert Valkeniers
- Director resignation, BOESMANS Luc (manager)
- Director appointment, BOESMANS Luc (director (not named in the articles))
- Director discharge, BOESMANS Luc (manager)
- Registered office clause, “Ruekenbosstraat 9,3380 Glabbeek(Zuurbemde)” (deed in Dutch)
2024
30-08
micro format · 30 days late
2023
31-12
Financial
Highest result from 2018 to 2025net €264,191 ▲23.4%
The operating result of €471,463 and the net result of €264,191 are both a record.
31-12
Financial
Liquidity more than doubledcurrent ratio 6.27
The current ratio rises from 2.34 to 6.27. Short-term debt falls from €356,108 to €195,408.
31-12
Financial
Equity above €1mequity €1.3m ▲34.1%
With a profit in every financial year since 2018, equity grows to €1.3m.
20-07
micro format · 11 days before the deadline
2022
29-07
micro format · 2 days before the deadline
2021
24-06
micro format · 37 days before the deadline
2020
30-06
micro format · 31 days before the deadline
Show earlier events
2019
21-06
micro format · 40 days before the deadline
2018
04-06
abbreviated format · 57 days before the deadline
2017
08-06
abbreviated format · 53 days before the deadline
2002
20-06
Gazette deed
Incorporation
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
TL CONSTRUCT in Dutch
Enterprise number
0477.701.739
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-06-2002
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-02-2025 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, adres over te brengen naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied door…”
deed of 25-02-2025 (in Dutch)Registered office and establishments
Registered office
Ruekenbosstraat 9, 3380 Glabbeek, Belgium
Establishment unit
TL Construct, Ruekenbosstraat 5 B, 3380 Glabbeek since 17-12-2002 · unit number 2.114.717.4874100101 General construction of residential buildings
Activities
NACEBEL 202543211
General electrical installation work main activity
41001
General construction of residential buildings
43221
Plumbing work
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
41201
General construction of buildings
43221
Plumbing
Codes under NACEBEL 2003
45310
main activity
45211
45332
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-02-2025 (in Dutch)
“Aanleggen van elektriciteit,aanleggen en onderhoud van tuinen,kuiswerken(cleaning),verhuizing van alle roerende goederen,organiseren of…”
16 activities
- Aanleggen van elektriciteit,aanleggen en onderhoud van tuinen,kuiswerken(cleaning),verhuizing van alle roerende goederen,organiseren of bijstaan van evenementen.
- Het plaatsen van elektrische installaties;van elektrische bedrading en toebehoren;van hulpvoedingssystemen(generatoraggregaten);van de bedrading voor telefooninstallaties en computersystemen;van elektrische verwarmingsinstallaties;van liften en roltrappen;van bewakingssystemen en alarminstallaties tegen diefstal;van antennes en bliksemafleiders;van domotica installaties;
- Het uitvoeren van metselwerk;het aanbrengen van chape;het bouwen van schoorstenen en industriële ovens;het bouwen van open haarden,stookplaatsen,sierschouwen,enzovoort;het uitvoeren van voegwerken;
- Het bouwen van individuele huizen;van appartementen,van andere residentiële gebouwen,van kantoorgebouwen;het optrekken van de ruwbouw van gebouwen met celstructuur(appartementsgebouwen,kantoorgebouwen,enzovoort),van de ruwbouw voor industrieel of commercieel gebruik,van stel-en stapelplaatsen,scholen,ziekenhuizen,van gebouwen voor de beoefening van erediensten,cultuur,sport,recreatie,en dergelijke;de montage en het optrekken van hangars,loodsen,schuren,silo’s enz.voor landbouwdoeleinden;
- Het plaatsen van dakgoten en regenafvoerbuizen;
- Het uitvoeren van isolatiewerkzaamheden;het aanbrengen van thermische isolatiemateriaal en isolatiemateriaal tegen geluid en trillingen;het uitvoeren van isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen;het aanbrengen van isolatie van koelkamers en pakhuizen;
- Het uitvoeren van loodgieterswerk;de installatie van verwarming,klimaatregeling en ventilatie;het uitvoeren van overige loodgieterswerk;
- De verkoop,invoer,uitvoer van klimaatregelingsapparatuur,van airco-,verwarmings-en ventilatietoestellen;
- Het installeren van sanitair:badkuipen,douches,wasbakken,closetpotten,spoelbakken,kranen en overige sanitaire installaties;
- Het aanbrengen van pleister-en stukadoorswerk(inclusief het aanbrengen van een hechtgrond)aan de binnen-en buitenzijde van gebouwen en andere bouwwerken;het plaatsen van tussenwanden van gipsplaten;het uitvoeren van overig stukadoorswerk;
- Het plaatsen van vloer-en wandtegels;van behang;
- Het behandelen van muren met vochtwerende en waterafstotende producten;het uitvoeren van gevelreiniging door middel van zandstralen,met behulp van stoom,enzovoort;
- Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden;het uitvoeren van overige werkzaamheden in verband met de afwerking van gebouwen;
- De aanleg van waterdistributielijnen en–netten;van pijpleidingen voor het vervoer van gas,petroleumproducten,enzovoort;van leidingen voor het vervoer en de distributie van elektrische energie;van telecommunicatielijnen en–netten;
- Het installeren van stores en zonneschermen,van lichtreclames en uithangborden,van overige installaties(inclusief accessoires)en algemene bouwinstallaties;
- Het plaatsen van cementklinkers,tegels,kasseien,palissades en dergelijke;het aanleggen van paden,opritten,parkeerterreinen,terrassen en dergelijke.
Invoicing and payment
VAT number
BE 0477.701.739
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 0477.701.739
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
1 June at 20:00
deed of 25-02-2025 (in Dutch)Environmental permits
2 applications in Flanders since 2019 · 1 granted · 1 refused
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1,450 m²
Building footprint
700 m²
Building volume
3,914 m³
Tallest building: 10.9 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24018B0021/00D000 | Flanders | 1,262 m² | 1 · 700 m² | 10.9 m · 2 |
| 24018C0344/00V000 | Flanders | 188 m² | - | - |