Liquidity
8.62 was 4.25 in 2024
Short-term debts fell from €43,213 to €16,901.
TM Construct
Lifetime
15 annual accounts with figures on one time axispeak €335,841 (2016)
€20,694▲ 19.7%
lowest -€101,600 (2019)
-€12,679▼ €15,260
peak €143,900 (2024)
€131,221▼ 8.8%
€16,901▼ 60.9%
peak 6.2 FTE (2017)
-not published
Board2 names since 2020
1 directorTamimy Mohammed
Documentsfilings and deeds
24-09-202655 days late
2025micro format
Gross margin from €17,290 to €20,694Loss of €12,679Debts from €43,213 to €16,901Cash from €7,285 to €34,425
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Ten of the last ten came late. The 2020 accounts came latest: 107 days after the end of the period.
Position in the sector
-€12,679
Lower net result than 91% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
82
Excellent
Financially stronger than 48% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.7%
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.7%● unchanged vs 01-2025
03-2025: 2.7%● unchanged vs 02-2025
04-2025: 2.7%● unchanged vs 03-2025
05-2025: 2.5%▼ -0.2 percentage points vs 04-2025
06-2025: 2.5%● unchanged vs 05-2025
07-2025: 2.5%● unchanged vs 06-2025
08-2025: 3.3%▲ +0.8 percentage points vs 07-2025
09-2025: 3.5%▲ +0.2 percentage points vs 08-2025
10-2025: 4.3%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 0.8%▼ -3.5 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.9%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.7%▼ -0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▼ -0.7 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 55 days late; 3 of the last 3 accounts late
Loss of €12,679 (financial year 2025)
lowers risk
Liquidity: current ratio 8.62, cash €34,425
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
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 71, micro). It does better than 87% of them on solvency, 67% on liquidity, 10% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 6,908 companies had the same profile as TM Construct has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TM Construct itself: 0.5% within 12 months.
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 6,908 companies, not a prediction for TM 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.62 (4.25 in 2024), above the usual 1.5. Short-term debt is 11.4% and cash 23.2% of total assets. 11.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 days late
2024
71 days late
2023
56 days late
2022
21 days late
2021
73 days late
2020
107 days late
2019
87 days late
← 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 67 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Searched, nothing found (1)
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 September (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0824364693
UBO non-compliance
effective 03-06-2024 · KBO administration
Resignation: Fatima Hamdaoui (director and manager)
Director discharge: Fatima Hamdaoui · General meeting of 20-05-2020 · Gazette deed
First establishment
Sint-Damiaanstraat 141, Wommelgem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TM Construct Wommelgem | €148,122 | €20,694 | 88.6% | - |
| MRC Antwerp | €154,223 | €17,388 | 39.4% | - |
| Zen Architecture d'Interieur Ottignies-Louvain-la-Neuve | €153,465 | €22,438 | 39.3% | - |
| Chantal Rijckaert Assenede | €122,178 | €23,436 | 81.9% | - |
| PLAYGROUND Antwerp | €199,028 | €27,595 | 40.5% | - |
| Kissy Van den Plas Herentals | €147,254 | €30,202 | 64.5% | - |
| MIKY DUMON - BLOMME Schoten | €134,919 | €13,427 | 19.6% | - |
These companies have the same main activity as TM Construct: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €122,000 and €199,000, founded between 2006 and 2013.
Official details
Source: KBO- Status
- Active since 25-03-2010Normal situation
- Activity
- Activities of interior architectsNACE 71112and 6 others
- Establishment unit
- 2.186.634.2772160 Wommelgem, since 26-03-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- ≈ €100,000estimated
- €148,122▼ 20.8%
- ≈ 0.8 FTEestimated
- Filing
- Filed on 24-09-2026
Insights on TM Construct
TM Construct files the micro format. That format states no turnover. The gross margin fell from €155,817 in 2011 to €20,694 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 TM Construct
- What is the company number of TM Construct?
- The company number of TM Construct is 0824.364.693. The VAT number is the same number with BE in front: BE 0824.364.693.
- Where is TM Construct based?
- The registered office is at Sint-Damiaanstraat 141, 2160 Wommelgem.Company details
- What does TM Construct do?
- According to the KBO register, the main activity is activities of interior architects (NACE 71112).
- What is the legal form of TM Construct?
- TM Construct is a private limited company (pre-2019) (BVBA).
- When was TM Construct founded?
- TM Construct was founded on 25-03-2010.
- Is TM Construct still active?
- Yes, TM Construct is an active enterprise in the KBO register.
- How many employees does TM Construct have?
- TM Construct had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of TM Construct?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €20,694 and 94 comparable companies (NACE 711). It probably lies between €63,000 and €200,000. It is a rough estimate.
- Is TM Construct profitable?
- In financial year 2025, TM Construct made a loss of €12,679.
- Where can I find the annual accounts of TM Construct?
- TM Construct filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TM Construct due?
- TM Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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