TLX CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TLX CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show negative equity (-€19,606) and a net result of -€917. Equity has been growing by about 25% per year since 2018. The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-02-2013 Normal situation
- Activity
- No activity registered in the KBO
- Establishment units
- 2.270.463.459 5170 Profondeville, since 24-01-2017
- 2.270.463.855 5170 Profondeville, since 24-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
- Gross margin
- -€416
- ▼ 7.1%
- Loss
- €917
- ▼ 25.2%
- Equity
- -€19,606
- ▼ 4.9%
- Total assets
- €135
- ▼ 41.9%
- Negative equity on 31-12-2025
Score breakdownraises risk1 change of registered office in 24 monthsLoss of €917, the second in a row (financial year 2025)Negative equity -€19,606lowers riskSize: total assets €135Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 6% of them on solvency, 5% on liquidity, 6% on profitability and 31% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 13 filings
Every figure per financial year
The operating result for 2025 is a loss of €857, smaller than the loss of €1,160 in 2024.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,880 | - | €31,820 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,247 | €4,048 | €4,944 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€46,384 | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€63,000 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €47,208 | €348 | - | €772 | €441 | ▼ 42.8% |
| Gross operating margin9900 | €142,548 | -€217,644 | -€20,984 | €120,494 | €7,399 | €30,308 | -€388 | -€416 | ▼ 7.1% |
| Operating profit (loss)9901 | €27,514 | -€222,127 | -€30,605 | €182,670 | €7,051 | €30,308 | -€1,160 | -€857 | ▲ 26.1% |
| Financial income75/76B | - | - | - | €16 | - | - | - | - | - |
| Recurring financial income75 | - | €859 | €119 | €16 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,633 | €170 | €108 | €66 | €60 | ▼ 8.4% |
| Recurring financial charges65 | €9,945 | €10,490 | €10,177 | €2,633 | €170 | €108 | €66 | €60 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €17,569 | -€231,758 | -€40,663 | €180,052 | €6,882 | €30,200 | -€1,225 | -€917 | ▲ 25.2% |
| Income taxes67/77 | €3,749 | €205 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €13,819 | -€231,963 | -€40,663 | €180,052 | €6,882 | €30,200 | -€1,225 | -€917 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €13,819 | -€231,963 | -€40,663 | €180,052 | €6,882 | €30,200 | -€1,225 | -€917 | ▲ 25.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €518,635 | €736,378 | €576,987 | €20,625 | €96,987 | €656 | €232 | €135 | ▼ 41.9% |
| Formation expenses20 | €750 | €500 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €8,976 | €7,543 | €7,695 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €8,976 | €7,543 | €7,695 | - | - | - | - | - | - |
| Current assets29/58 | €508,909 | €728,335 | €569,292 | €20,625 | €96,987 | €656 | €232 | €135 | ▼ 41.9% |
| Stocks and contracts in progress3 | €385,000 | €617,156 | €521,355 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €26,325 | €37,706 | €39,754 | €17,009 | €95,810 | €642 | €64 | €133 | ▲ 108% |
| Trade receivables40 | - | - | - | €1,425 | €1,767 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €15,585 | €94,044 | €642 | €64 | €133 | ▲ 108% |
| Cash at bank and in hand54/58 | €96,528 | €73,473 | €5,313 | €3,336 | €1,177 | €14 | €169 | €2 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | - | - | - | €280 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €518,635 | €736,378 | €576,987 | €20,625 | €96,987 | €656 | €232 | €135 | ▼ 41.9% |
| Equity10/15 | €38,028 | -€193,935 | -€234,598 | -€54,546 | -€47,664 | -€17,464 | -€18,690 | -€19,606 | ▼ 4.9% |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €8,028 | -€223,935 | -€264,598 | -€84,546 | -€77,664 | -€47,464 | -€48,690 | -€49,606 | ▼ 1.9% |
| Provisions and deferred taxes16 | €63,000 | €63,000 | €63,000 | - | - | - | - | - | - |
| Amounts payable17/49 | €417,608 | €867,314 | €748,585 | €75,170 | €144,651 | €18,120 | €18,922 | €19,741 | ▲ 4.3% |
| Amounts payable after more than one year17 | - | €525,000 | €275,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €417,608 | €342,314 | €473,585 | €75,170 | €144,651 | €18,120 | €18,922 | €19,741 | ▲ 4.3% |
| Trade debts44 | €29,078 | €7,671 | €22,752 | €480 | €2,248 | - | €387 | - | - |
| Suppliers440/4 | - | - | - | €480 | €2,248 | - | €387 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,230 | €1,868 | - | - | - | - |
| Taxes450/3 | - | - | - | €1,230 | €1,868 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €73,461 | €140,535 | €18,120 | €18,535 | €19,741 | ▲ 6.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,819 | -€231,963 | -€40,663 | €180,052 | €6,882 | €30,200 | -€1,225 | -€917 | ▲ 25.2% |
| + Depreciation and write-downs630 | €5,247 | €4,048 | €4,944 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €19,066 | -€227,915 | -€35,719 | €180,052 | €6,882 | €30,200 | -€1,225 | -€917 | ▲ 25.2% |
| Investment in fixed assets (approximation) | - | -€2,615 | -€5,095 | - | - | - | - | - | - |
| Change in cash | - | -€23,055 | -€68,161 | -€1,977 | -€2,159 | -€1,163 | €155 | -€166 | - |
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, 6,907 companies had the same profile as TLX CONSTRUCT has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TLX CONSTRUCT itself: 2.2% 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 6,907 companies, not a prediction for TLX 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00200384 | |
| 31-12-2024 | full format | 17-07-2025 | 2025-00291208 | |
| 31-12-2023 | full format | 30-05-2024 | 2024-00104151 | |
| 31-12-2022 | full format | 24-05-2023 | 2023-00096845 | |
| 31-12-2021 | full format | 25-07-2022 | 2022-20231440 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-63600113 | |
| 31-12-2019 | micro format | 15-12-2020 | 2020-76500004 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60000256 | |
| 31-12-2017 | micro format | 09-08-2018 | 2018-45000225 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42400243 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
TLX CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TLX CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-09
Gazette deed
Registered officeRegistered-office move2 points ▸
- General meeting, 30-07-2026
- Registered-office move, Rue du Village (AR) 45 à PROFONDEVILLE
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92004C0153/00E000 | Wallonia | 490 m² | 1 · 73 m² | 5.7 m · 2 |