Equity
€25,835 from €145,294 in 2024
Equity fell by 82% in 1 year.
TL-engineering
Lifetime
6 annual accounts with figures on one time axispeak €80,923 (2021)
€7,051▼ 86.8%
peak €53,562 (2021)
€541▼ 98.2%
peak €145,294 (2024)
€25,835▼ 82.2%
€108,043▲ 272%
Board1 name since 2020
1 directorLEFEVER Tom
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €53,474 to €7,051Result from €30,848 to €541Dividend €120,000Equity from €145,294 to €25,835Debts from €29,013 to €108,043Cash from €147,022 to €99,556
Key points
from the 2025 annual accountsTurnover
≈ €59,000 estimated
The micro format states no turnover.
Debts
€108,043 81% of the balance sheet
Suppliers 1%Taxes and wages 3%Other 95%
Liquidity
1.13 was 5.59 in 2024
Short-term debts rose from €29,013 to €108,043.
Filings
6 annual accounts 1 late
The 2021 accounts came 29 days late. The other five were filed on time.
Starting capital
€5,000 50 shares
Checked score
80
Excellent
Financially stronger than 29% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
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: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2020
Sector: Specialised construction activities (NACE 43)
Equity €25,835 (19.3% of total assets)
lowers risk
Liquidity: current ratio 1.13, cash €99,556
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 21% of them on solvency, 52% on liquidity, 36% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as TL-engineering has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TL-engineering itself is lower: 0.4% within 12 months. It rests on far more data about TL-engineering than the profile alone.
Test of the method
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 3,274 companies, not a prediction for TL-engineering. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.13 (5.59 in 2024), below the usual 1.5. Short-term debt is 80.7% and cash 74.4% of total assets. 80.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 days early
2024
31 days early
2023
19 days early
2022
25 days early
2021
29 days late
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 13 days before 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 (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 6 July (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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0740759009
Registered office moved from Willebroek to Heindonk
New registered office: Grote Bergen 15a te 2830 Heindonk · Previous registered office: Hoge Weg 17-2830 Willebroek · Gazette deed
Incorporation
Founding capital of €5,000, 50 shares · Founder: LEFEVER Tom · Appointment: LEFEVER Tom (statutory director) · published on 08-01-2020 · Gazette deed
First establishment
Grote Bergen 15a, Willebroek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TL-engineering Willebroek | €133,878 | €7,051 | 19.3% | - |
| CHAUFFAGE PAQUET Fosses-la-Ville | €106,949 | €6,773 | 94.5% | - |
| Thermo Dias Ramillies | €150,840 | €8,706 | 40.9% | - |
| Javika Tongeren-Borgloon | €126,241 | €7,400 | 54.9% | - |
| PANNEMANS ALEX Dilsen-Stokkem | €156,016 | €7,447 | 48.2% | - |
| MD MULTI SERVICES Ixelles | €101,738 | €8,185 | 69.5% | - |
| Baikou Antwerp | €132,880 | €12,307 | 35.5% | - |
These companies have the same main activity as TL-engineering: plumbing work (NACE 43221). They are comparable in size and age: total assets between €102,000 and €156,000, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 06-01-2020Normal situation
- Activity
- Plumbing workNACE 43221and 2 others
- Establishment unit
- 2.300.886.5202830 Willebroek, since 06-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 10-07-2025
Annual accounts 2025
- €133,878▼ 23.2%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on TL-engineering
TL-engineering files the micro format. That format states no turnover. The gross margin fell from €47,195 in 2020 to €7,051 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TL-engineering
- What is the company number of TL-engineering?
- The company number of TL-engineering is 0740.759.009. The VAT number is the same number with BE in front: BE 0740.759.009.
- Where is TL-engineering based?
- The registered office is at Grote Bergen 15a, 2830 Willebroek.Company details
- What does TL-engineering do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of TL-engineering?
- TL-engineering is a private limited company (BV).
- When was TL-engineering founded?
- TL-engineering was founded on 06-01-2020.
- Is TL-engineering still active?
- Yes, TL-engineering is an active enterprise in the KBO register.
- What is the turnover of TL-engineering?
- The turnover in financial year 2025 is ≈ €59,000. This figure is estimated from the gross margin of €7,051 and 37 comparable companies (NACE 43221). It probably lies between €45,000 and €130,000. It is a rough estimate.Financials
- Is TL-engineering profitable?
- In financial year 2025, TL-engineering made a profit of €541.
- Where can I find the annual accounts of TL-engineering?
- TL-engineering filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TL-engineering due?
- TL-engineering must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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