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Toennaer Glas Construct

Active
Private limited companyfounded 2018active for 8 yearsPaalsteenlaan 74, 3620 Lanaken, BelgiumKBO/BCE: BE 0696.931.043
Summary

The computed 12-month bankruptcy probability of Toennaer Glas Construct is 5.5% (elevated). The 2024 annual accounts show equity of €12,817 and a net result of €4,028. Equity has been growing by about 31% per year since 2021. Its solvency ranks better than 19% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 29-05-2018 Normal situation
Activity
Specialised construction activities NACE 43343and 1 other
Establishment unit
2.276.968.793 3620 Lanaken, since 01-07-2018
Financial year end
31 December
Peppol
Reachable since 22-12-2025

Financial position

36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.5%
Annual accounts 2024
Gross margin
€12,720
Turnover
≈ €130,000
estimated
Profit
€4,028
Equity
€12,817
▲ 45.8%
Total assets
€76,787
▲ 117%
Employees on 31-12-2024
1
  • 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 30-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 1 of the last 3 accounts lateFounded in 2018Sector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 33% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Weak
Solvency 42-8
equity 16.7% of total assets
Liquidity 12-11
short-term debt 83.3% · cash 6.5%
Profitability 51+51
return on assets 5.2%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 1.4% 01-2025: 1.4%● unchanged vs 12-2024lowest value 02-2025: 1.4%● unchanged vs 01-2025lowest value 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.7 percentage points vs 07-2025 09-2025: 2.5%▲ +0.2 percentage points vs 08-2025 10-2025: 2.7%▲ +0.2 percentage points vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.4%▼ -0.3 percentage points vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.5%▲ +0.1 percentage points vs 03-2026 05-2026: 2.4%▼ -0.1 percentage points vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.1%▼ -0.2 percentage points vs 06-2026 08-2026: 2.8%▲ +0.7 percentage points vs 07-2026 09-2026: 3.2%▲ +0.4 percentage points vs 08-2026 10-2026: 5.5%▲ +2.3 percentage points vs 09-2026highest value 11-2026: 5.5%● unchanged vs 10-2026highest value
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.2 (1.33 in 2023), below the usual 1.5. Short-term debt is 83.3% and cash 6.5% of total assets. 83.3% of the assets are financed with debt and provisions.
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 43, micro). It does better than 19% of them on solvency, 7% on liquidity, 24% on profitability and 82% on growth.

The bankruptcy probability was computed on 02-11-2026 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

Seven signals.
raises risk
raises risk · Figures for financial year 2024 (filed on 30-09-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Founded in 2018
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 35969 sector peers (2024).
NBB · sector comparison
Position among 35969 sector peers
Solvency
better than 19%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
21 days late
2022
29 days late
2021
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 81% of companies in specialised constructionsector median €58,292 · 35,986 companies €12,817 View

Recent changes

  1. · Gazette deed Resignation: TOENNAER Quinten Julius Johannes (director)Appointment: TOENNAER Michael Antoine Jacques Lambert (director)
  2. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as Toennaer Glas Construct: specialised construction activities (NACE 43343). They are comparable in size and age: total assets between €53,600 and €97,400, founded between 2011 and 2022.

CompanyTotal assetsGross margin
Toennaer Glas Construct Lanaken€76,787€12,720
Glas- en Aluminiumwerken De Leeuw Antwerpen€90,524€10,868
GLASWERKEN ALLAER Lierde€80,802€15,507
MENUISERIE MOREAU Y & M Sivry-Rance€53,637€10,248
SPOORMANS GLASCONCEPT Brecht€79,300€29,129
DISTRI GLASS Zaventem€97,402€28,088
K10 Windows Ravels€93,409€28,554
Full comparison

Key facts about Toennaer Glas Construct

What is the company number of Toennaer Glas Construct?
The company number of Toennaer Glas Construct is 0696.931.043. The VAT number is the same number with BE in front: BE 0696.931.043.
Where is Toennaer Glas Construct based?
The registered office is at Paalsteenlaan 74, 3620 Lanaken.Company details
What does Toennaer Glas Construct do?
According to the KBO register, the main activity is specialised construction activities (NACE 43343).
What is the legal form of Toennaer Glas Construct?
The legal form of Toennaer Glas Construct is Private limited company (BV).
When was Toennaer Glas Construct founded?
Toennaer Glas Construct was founded on 29-05-2018.
Is Toennaer Glas Construct still active?
Yes, Toennaer Glas Construct is an active enterprise in the KBO register.
How many employees does Toennaer Glas Construct have?
Toennaer Glas Construct had an average of 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Toennaer Glas Construct?
The turnover in financial year 2024 is ≈ €130,000. This figure is estimated from the gross margin of €12,720 and 163 comparable companies (NACE 433). It probably lies between €75,000 and €270,000. It is a rough estimate.
Is Toennaer Glas Construct profitable?
In financial year 2024, Toennaer Glas Construct made a profit of €4,028.
Where can I find the annual accounts of Toennaer Glas Construct?
Toennaer Glas Construct filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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