TN-Construct
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TN-Construct has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,731 and a net result of €9,042. Equity is growing by about 45% per year across the filed financial years. Its solvency ranks better than 55% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 10-02-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Peisegemstraat 9, 1785 Merchtem
- Activity
- Joinery installation NACE 43320and 4 others
- Establishment unit
- 2.341.485.671 9255 Buggenhout, since 10-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €22,745
- ▼ 46.9%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €9,042
- ▼ 60.8%
- Equity
- €42,731
- ▲ 26.8%
- Total assets
- €84,027
- ▼ 1.7%
- Staff
- ≈ 0.2 FTE
- estimated
Why 89raises riskFounded in 2023Last filed accounts filed 28 days latelowers riskLiquidity: current ratio 1.88, cash €65,626Equity €42,731 (50.9% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 55% on solvency, 74% on liquidity, 64% on profitability and 73% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 29 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443338.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-08-2026
- Format
- micro format
- Reference
- 2026-00443338
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,217 | €7,460 | €8,440 | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €328 | €1,417 | €1,534 | ▲ 8.3% |
| Other operating charges640/8 | €274 | €489 | €655 | ▲ 34.1% |
| Gross operating margin9900 | €19,115 | €42,838 | €22,745 | ▼ 46.9% |
| Operating profit (loss)9901 | €14,295 | €33,473 | €12,116 | ▼ 63.8% |
| Financial income75/76B | €18 | €13 | €38 | ▲ 186% |
| Recurring financial income75 | €18 | €13 | €38 | ▲ 186% |
| Financial charges65/66B | €407 | €765 | €624 | ▼ 18.5% |
| Recurring financial charges65 | €407 | €765 | €624 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €13,907 | €32,721 | €11,531 | ▼ 64.8% |
| Income taxes67/77 | €4,146 | €9,626 | €2,489 | ▼ 74.1% |
| Profit (loss) for the period9904 | €9,761 | €23,095 | €9,042 | ▼ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €9,761 | €23,095 | €9,042 | ▼ 60.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €59,217 | €85,517 | €84,027 | ▼ 1.7% |
| Fixed assets21/28 | €3,232 | €5,437 | €6,317 | ▲ 16.2% |
| Tangible fixed assets22/27 | €3,232 | €5,437 | €6,317 | ▲ 16.2% |
| Plant, machinery and equipment23 | €3,232 | €2,450 | €4,055 | ▲ 65.5% |
| Furniture and vehicles24 | - | €2,987 | €2,262 | ▼ 24.3% |
| Current assets29/58 | €55,985 | €80,080 | €77,710 | ▼ 3.0% |
| Stocks and contracts in progress3 | €4,294 | - | - | - |
| Contracts in progress37 | €4,294 | - | - | - |
| Amounts receivable within one year40/41 | €15,077 | €16,985 | €11,270 | ▼ 33.6% |
| Trade receivables40 | €12,410 | €12,281 | €2,450 | ▼ 80.0% |
| Other amounts receivable41 | €2,667 | €4,704 | €8,820 | ▲ 87.5% |
| Cash at bank and in hand54/58 | €35,570 | €62,244 | €65,626 | ▲ 5.4% |
| Deferred charges and accrued income490/1 | €1,044 | €850 | €814 | ▼ 4.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €59,217 | €85,517 | €84,027 | ▼ 1.7% |
| Equity10/15 | €12,261 | €33,690 | €42,731 | ▲ 26.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €9,761 | €31,190 | €40,231 | ▲ 29.0% |
| Distributable reserves133 | €9,761 | €31,190 | €40,231 | ▲ 29.0% |
| Amounts payable17/49 | €46,956 | €51,827 | €41,296 | ▼ 20.3% |
| Amounts payable within one year42/48 | €46,956 | €51,827 | €41,296 | ▼ 20.3% |
| Trade debts44 | €18,706 | €15,798 | €13,472 | ▼ 14.7% |
| Suppliers440/4 | €18,706 | €15,798 | €13,472 | ▼ 14.7% |
| Taxes, remuneration and social security45 | €6,574 | €12,697 | €7,095 | ▼ 44.1% |
| Taxes450/3 | €4,146 | €9,626 | €3,130 | ▼ 67.5% |
| Remuneration and social security454/9 | €2,427 | €3,070 | €3,965 | ▲ 29.1% |
| Other amounts payable47/48 | €21,677 | €23,333 | €20,729 | ▼ 11.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,761 | €23,095 | €9,042 | ▼ 60.8% |
| + Depreciation and write-downs630 | €328 | €1,417 | €1,534 | ▲ 8.3% |
| Operating cash flow (approximation) | €10,089 | €24,512 | €10,576 | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | -€3,622 | -€2,414 | ▲ 33.4% |
| Change in cash | - | €26,675 | €3,381 | ▼ 87.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €234 awarded · €234 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DECONINCK Naomi |
|
| DEPYPERE Tim Denis |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, algemene vergadering aantal duur en bij meerdere bevoegdheid”“Algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering beslist”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 14-02-2023 (in Dutch)
Owners and capital
Capital and shareholders
- DEPYPERE Tim Denis 200 shares (80%) · €2,000
- DECONINCK Naomi 50 shares (20%) · €500
- 14-02-2023 Incorporation · €2,500 · 250 shares
Shares according to the articles of association
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Na aftrek voorgestelde aandelen, helft overdrager helft koper(s) naar evenredigheid aantal bij meerdere kopers”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Oprichtersaansprakelijkheid - oprichting door inschrijving, faillissement uitgesproken binnen drie jaar na de verkrijging van de…”Other provision: “Aandelen moeten bij hun uitgifte worden volgestort, stortingsplicht”Other provision: “Ten minste vijftien dagen te rekenen van de dag van de openstelling van de intekening, nieuwe aandelen waarop in geld wordt ingeschreven…”Other provision: “Op naam, Aard van de aandelen”Other provision: “Controle van de vennootschap, een of meerdere commissarissen”Other provision: “Artikel 16bis Elektronische algemene vergadering, hoedanigheid en identiteit gecontroleerd en gewaarborgd op wijze in intern reglement…”Other provision: “Artikel 17 Toegang tot algemene vergadering, houder effecten op naam ingeschreven in register effecten op naam voor zijn categorie”Other provision: “Bestuurder, bij gebrek aanwezige aandeelhouder met meeste aandelen, bij pariteit oudste, Artikel 18 Zittingen-processen-verbaal”Other provision: “Elke aandeelhouder aan ieder ander persoon, al dan niet aandeelhouder, door alle middelen van overdracht, schriftelijke volmacht om te…”Other provision: “Bestuursorgaan, tijdens zitting”Other provision: “Artikel 21 Bevoegdheid gewone en bijzondere algemene vergadering”Other provision: “Artikel 23 Besluitvorming gewone en bijzondere algemene vergadering, beraadslagen en besluiten op geldige wijze ongeacht aantal…”Other provision: “Buitengewone algemene vergadering statutenwijziging, drie/vierde uitgebrachte stemmen”Other provision: “Vennootschapsvordering minderheidsvordering, algemene vergadering beslist over instellen vordering tegen leden bestuursorgaan of commissaris”Other provision: “Uitkeringen aan aandeelhouders en tantièmes, algemene vergadering bestemming winst en vaststelling uitkeringen”Other provision: “Slechts middelen voorschieten,leningen toestaan of zekerheden stellen met oog op verkrijging aandelen door derden of verkrijging of…”Other provision: “Bestuursorgaan, alarmbelprocedure”Other provision: “Bestemming winst reserves, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Door bijkomende volstorting te eisen lastens niet voldoende volgestorte aandelen of voorafgaandelijke terugbetalingen in voordeel van in…”Other provision: “Woonstkeuze, in buitenland wonende aandeelhouder,bestuurder,commissaris,vereffenaar of obligatiehouder”Other provision: “Gerechtelijke bevoegdheid, exclusief rechtbank in wiens rechtsgebied zetel is gevestigd”Other provision: “Schriftelijke algemene vergadering, leden bestuursorgaan en commissaris mogen op verzoek kennisnemen”4 more provisions in the deed, see the deed of 14-02-2023
Articles of association, deed of 14-02-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-02
Gazette deed
IncorporationAppointments: DEPYPERE Tim Denis (director) and DECONINCK Naomi (director) · Founder · Founding capital18 facts ▸
- Incorporation, “TN-Construct” (deed in Dutch)
- Founder, DEPYPERE Tim Denis
- Founder, DECONINCK Naomi
- Founding capital, €2,500
- Other provision, 02-02-2023
- Other provision, “zij die bij de oprichtingsakte verschijnen worden in principe als oprichters beschouwd, aanwijzing oprichters versus gewone inschrijvers” (deed in Dutch)
- Bank account, “bewijs van deponering de dato 2023-02-06, artikel 5:9 WVV” (deed in Dutch)
- Capital, €2,500
- Other provision, “beschikbare eigen vermogensrekening van de vennootschap” (deed in Dutch)
- Capital
- Other provision, “comparanten, slot- en overgangsbepalingen uitwerking” (deed in Dutch)
- Other provision, 31-12-2023, “eerste boekjaar en eerste algemene vergadering” (deed in Dutch)
- +6 further facts in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
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, with enterprise number 0798.319.995
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TN-Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Voor zover geen wijziging inzake het toepasselijke taalregime, Vlaamse Gewest”
Articles of association, deed of 14-02-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23052A0325/00V000 | Flanders | 391 m² | 1 · 195 m² | 4.8 m · 1 |
| 42004A0096/00W003 | Flanders | 161 m² | 1 · 74 m² | 10.5 m · 3 |