TM Construct
ActiveSummary
TM Construct has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €144k and a net result of €3k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.25 against 13.46 in 2023; short-term debt: 23.1% and cash: 3.9% of total assets), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
56 d late
2022
21 d late
2021
73 d late
2020
107 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€144k▲ 1.8%
2023 · €141k
2018: €124k
2019: €23k
2020: €36k
2021: €105k
2022: €139k
2023: €141k
2018 → 2024
Total assets
€187k▲ 22.9%
2023 · €152k
2018: €297k
2019: €59k
2020: €56k
2021: €142k
2022: €160k
2023: €152k
2018 → 2024
Net result
€3k▲ 25.4%
2023 · €2k
2018: €-4k
2019: €-102k
2020: €13k
2021: €69k
2022: €35k
2023: €2k
2018 → 2024
Working capital
€140k▲ 2.6%
2023 · €137k
2018: €132k
2019: €18k
2020: €36k
2021: €105k
2022: €139k
2023: €137k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€36k-€105k▲ 193%€139k▲ 33.1%€141k▲ 1.5%€144k▲ 1.8%
Operating result€13k-€66k▲ 397%€37k▼ 43.4%€-1k€-2k▼ 67.8%
Net result€13k-€69k▲ 425%€35k▼ 49.7%€2k▼ 94.1%€3k▲ 25.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187k
Fixed assets
€4k ▼ 22.2%
Current assets
€184k ▲ 24.2%
Equity and liabilities €187k
Equity
€144k ▲ 1.8%
Debt
€43k ▲ 293%
Debt's share of the balance-sheet total rises from 7.2% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-1k▼
2023 · €-855
Cash flow
€4k▲
2023 · €3k
Current ratio
4.25▼
2023 · 13.46
Debt to equity
0.30▲
2023 · 0.08
ROE
1.8%▲
2023 · 1.5%
ROA
1.4%▲
2023 · 1.4%
Interest coverage
-3.38▼
2023 · -1.59
Debt ≤ 1 year
€43k▲
2023 · €11k
Income taxes
€1k▼
2023 · €1k
Staff costs
€17k▼
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€152k€187k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€148k€184k▲
Amounts receivable within one year40/41€148k€122k▼
Trade receivables40€22k€17k▼
Other amounts receivable41€126k€105k▼
Cash at bank and in hand54/58€14€7k▲
Deferred charges and accrued income490/1-€54k
Equity and liabilities
Total equity and liabilities10/49€152k€187k▲
Equity10/15€141k€144k▲
Contributions10/11€19k€19k=
Reserves13€123k€125k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€121k€123k▲
Amounts payable17/49€11k€43k▲
Amounts payable within one year42/48€11k€43k▲
Trade debts44€1k€41k▲
Suppliers440/4€1k€41k▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€10k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€29k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€30k€17k▼
Operating profit (loss)9901€-1k€-2k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€538€378▼
Recurring financial charges65€538€378▼
Profit (loss) for the period before taxes9903€3k€4k▲
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€3k▲
Transfer to equity691/2€2k€3k▲
To other reserves6921€2k€3k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Highest result since 2018net €69k ▲425%
Operating result €66k, net result €69k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲193%
2 profitable years in a row build equity to €105k.
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wommelgem · 1 establishment unit since 2010
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.
Sint-Damiaanstraat 1412160 WommelgemGround area
294 m²
Building footprint
89 m²
Volume, LiDAR
659 m³
Parcel 11052C0516/00N004, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Damiaanstraat 141, 2160 Wommelgem
since 20102.186.634.277
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0516/00N004 | Flanders | 294 m² | 1 · 89 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Arjaan De Feyter
BE 0686.633.801
Wijnegem · Eq €143,840
Munis
BE 0759.613.334
Antwerpen · Eq €143,536
EREMEX
BE 0468.741.810
Ardooie · Eq €143,398
PINTO et Co
BE 0430.902.704
Elsene · Eq €143,110
CP PRESTIGE
BE 0833.872.079
Lessines · Eq €142,766
Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,023 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
71112Activities of interior architects
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.