TNS-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TNS-CONSTRUCT is 2.9% (moderate). The 2025 annual accounts show equity of €20k and a net result of €-18k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-81
Solvency51▼-16
Growth52=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.23 against 2.98 in 2024; short-term debt: 20.1% and cash: 7.8% of total assets), but 74.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.8%
Return on assets
-23.4%
Age of the figures
9 mo
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 30-03-2026, 123 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
123 d early
2024
124 d early
2023
34 d early
2022
125 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 47.5%
2024 · €38k
2022: €17klowest in 4 years
2023: €31k▲ +78.9% vs 2022
2024: €38k▲ +24.0% vs 2023highest in 4 years
2025: €20k▼ -47.5% vs 2024
2022 → 2025
Total assets
€77k▼ 15.6%
2024 · €92k
2022: €62klowest in 4 years
2023: €79k▲ +27.2% vs 2022
2024: €92k▲ +15.5% vs 2023highest in 4 years
2025: €77k▼ -15.6% vs 2024
2022 → 2025
Net result
€-18k
2024 · €9k
2022: €18khighest in 4 years
2023: €15k▼ -13.4% vs 2022
2024: €9k▼ -40.3% vs 2023
2025: €-18k▼ -299% vs 2024lowest in 4 years
2022 → 2025
Working capital
€35k▼ 18.3%
2024 · €42k
2022: €13klowest in 4 years
2023: €39k▲ +201% vs 2022
2024: €42k▲ +10.0% vs 2023highest in 4 years
2025: €35k▼ -18.3% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€31k▲ 78.9%€38k▲ 24.0%€20k▼ 47.5%
2022: €17klowest in 4 years
2023: €31k▲ +78.9% vs 2022
2024: €38k▲ +24.0% vs 2023highest in 4 years
2025: €20k▼ -47.5% vs 2024
Operating result€22k-€20k▼ 12.7%€12k▼ 40.0%€-17k
2022: €22khighest in 4 years
2023: €20k▼ -12.7% vs 2022
2024: €12k▼ -40.0% vs 2023
2025: €-17k▼ -248% vs 2024lowest in 4 years
Net result€18k-€15k▼ 13.4%€9k▼ 40.3%€-18k
2022: €18khighest in 4 years
2023: €15k▼ -13.4% vs 2022
2024: €9k▼ -40.3% vs 2023
2025: €-18k▼ -299% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€27k ▼ 1.9%
Current assets
€50k ▼ 21.5%
Equity and liabilities €77k
Equity
€20k ▼ 47.5%
Debt
€57k ▲ 7.1%
Debt's share of the balance-sheet total rises from 58.5% to 74.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €15k
Cash flow
€-13k▼
2024 · €13k
Current ratio
3.23▲
2024 · 2.98
Quick ratio
2.28▼
2024 · 2.56
Debt to equity
2.88▲
2024 · 1.41
ROE
-90.6%▼
2024 · 23.8%
ROA
-23.4%▼
2024 · 9.9%
Interest coverage
-33.80▼
2024 · 164.39
Debt ≤ 1 year
€16k▼
2024 · €21k
Debt > 1 year
€41k▲
2024 · €32k
Income taxes
€248▼
2024 · €3k
Staff costs
€18k▼
2024 · €20k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€77k▼
Fixed assets21/28€28k€27k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€28k€25k▼
Land and buildings22€1k€749▼
Plant, machinery and equipment23€155-
Furniture and vehicles24€11k€9k▼
Other tangible fixed assets26€16k€15k▼
Current assets29/58€64k€50k▼
Stocks and contracts in progress3€9k€15k▲
Contracts in progress37€9k€15k▲
Amounts receivable within one year40/41€15k€25k▲
Trade receivables40€8k€14k▲
Other amounts receivable41€8k€11k▲
Cash at bank and in hand54/58€37k€6k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€92k€77k▼
Equity10/15€38k€20k▼
Contributions10/11€1k€1k=
Reserves13€37k€19k▼
Distributable reserves133€37k€19k▼
Amounts payable17/49€54k€57k▲
Amounts payable after more than one year17€32k€41k▲
Other amounts payable178/9€32k€41k▲
Amounts payable within one year42/48€21k€16k▼
Trade debts44€13k€13k▲
Suppliers440/4€13k€13k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3-€680
Income statement
Code20242025
Remuneration, social security and pensions62€20k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€395€349▼
Gross operating margin9900€36k€5k▼
Operating profit (loss)9901€12k€-17k▼
Financial income75/76B€35€0▼
Recurring financial income75€35€0▼
Financial charges65/66B€93€380▲
Recurring financial charges65€93€380▲
Profit (loss) for the period before taxes9903€12k€-18k▼
Income taxes67/77€3k€248▼
Profit (loss) for the period9904€9k€-18k▼
Profit (loss) for the period to be appropriated9905€9k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-18k▼
Transfer from equity791/2-€18k
Transfer to equity691/2€7k-
To other reserves6921€7k-
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €18k | €20k | €18k | ▼ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €5k | ▲ 33.1% |
| Other operating charges640/8 | €102 | €561 | €395 | €349 | ▼ 11.6% |
| Gross operating margin9900 | €26k | €40k | €36k | €5k | ▼ 84.8% |
| Operating profit (loss)9901 | €22k | €20k | €12k | €-17k | ▼ 248% |
| Financial income75/76B | €15 | €44 | €35 | €0 | ▼ 99.7% |
| Recurring financial income75 | €15 | €44 | €35 | €0 | ▼ 99.7% |
| Financial charges65/66B | €527 | €141 | €93 | €380 | ▲ 311% |
| Recurring financial charges65 | €527 | €141 | €93 | €380 | ▲ 311% |
| Profit (loss) for the period before taxes9903 | €22k | €20k | €12k | €-18k | ▼ 252% |
| Income taxes67/77 | €4k | €4k | €3k | €248 | ▼ 90.6% |
| Profit (loss) for the period9904 | €18k | €15k | €9k | €-18k | ▼ 299% |
| Profit (loss) for the period to be appropriated9905 | €18k | €15k | €9k | €-18k | ▼ 299% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62k | €79k | €92k | €77k | ▼ 15.6% |
| Fixed assets21/28 | €4k | €19k | €28k | €27k | ▼ 1.9% |
| Intangible fixed assets21 | - | - | - | €2k | - |
| Tangible fixed assets22/27 | €4k | €19k | €28k | €25k | ▼ 10.7% |
| Land and buildings22 | €2k | €2k | €1k | €749 | ▼ 35.8% |
| Plant, machinery and equipment23 | €2k | €1k | €155 | - | - |
| Furniture and vehicles24 | - | - | €11k | €9k | ▼ 14.6% |
| Other tangible fixed assets26 | - | €17k | €16k | €15k | ▼ 5.3% |
| Current assets29/58 | €58k | €60k | €64k | €50k | ▼ 21.5% |
| Stocks and contracts in progress3 | €6k | €7k | €9k | €15k | ▲ 65.0% |
| Contracts in progress37 | €6k | €7k | €9k | €15k | ▲ 65.0% |
| Amounts receivable within one year40/41 | €13k | €4k | €15k | €25k | ▲ 60.9% |
| Trade receivables40 | - | €1k | €8k | €14k | ▲ 82.0% |
| Other amounts receivable41 | €13k | €3k | €8k | €11k | ▲ 40.1% |
| Cash at bank and in hand54/58 | €38k | €47k | €37k | €6k | ▼ 83.6% |
| Deferred charges and accrued income490/1 | €26 | €949 | €3k | €5k | ▲ 72.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62k | €79k | €92k | €77k | ▼ 15.6% |
| Equity10/15 | €17k | €31k | €38k | €20k | ▼ 47.5% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Reserves13 | €16k | €29k | €37k | €19k | ▼ 49.1% |
| Distributable reserves133 | €16k | €29k | €37k | €19k | ▼ 49.1% |
| Amounts payable17/49 | €45k | €49k | €54k | €57k | ▲ 7.1% |
| Amounts payable after more than one year17 | - | €27k | €32k | €41k | ▲ 28.3% |
| Other amounts payable178/9 | - | €27k | €32k | €41k | ▲ 28.3% |
| Amounts payable within one year42/48 | €45k | €21k | €21k | €16k | ▼ 27.7% |
| Trade debts44 | €24k | €10k | €13k | €13k | ▲ 0.7% |
| Suppliers440/4 | €24k | €10k | €13k | €13k | ▲ 0.7% |
| Taxes, remuneration and social security45 | €5k | €9k | €7k | €3k | ▼ 62.0% |
| Taxes450/3 | €4k | €9k | €7k | €3k | ▼ 62.0% |
| Remuneration and social security454/9 | €936 | - | - | - | - |
| Other amounts payable47/48 | €16k | €2k | €2k | - | - |
| Accrued charges and deferred income492/3 | - | €119 | - | €680 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €15k | €9k | €-18k | ▼ 299% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €5k | ▲ 33.1% |
| Operating cash flow (approximation) | €20k | €17k | €13k | €-13k | ▼ 208% |
| Investment in fixed assets (approximation) | - | €-17k | €-12k | €-4k | ▲ 65.5% |
| Change in cash | - | €9k | €-11k | €-31k | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
29-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.28 to 2.81; short-term debt falls from €45k to €21k.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Balen · 1 establishment unit since 2021
Ground area
1,074 m²
Building footprint
126 m²
Volume, LiDAR
760 m³
Parcel 13003D0879/00X000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TNS-CONSTRUCT
since 20212.325.655.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003D0879/00X000 | Flanders | 1,074 m² | 1 · 126 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 481 EUR awarded · 481 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 481 EUR | 481 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,093 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
info@tnsconstruct.be
Scores and ratios are computed by Checked and are not a credit decision.