Debts
€31,592 83% of the balance sheet
Suppliers 11%Taxes and wages 10%Other 78%
Tomassetti Construction
Lifetime
9 annual accounts with figures on one time axispeak €55,142 (2019)
-€2,868▼ €27,629
lowest -€21,286 (2021)
-€10,206▼ €27,077
peak €32,546 (2019)
€6,394▼ 61.5%
€31,592▲ 27.6%
peak 1 FTE (2018)
-not published
Board3 names since 2015
-
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €24,762 to -€2,868Loss of €10,206Equity from €16,601 to €6,394Debts from €24,750 to €31,592Cash from €30,666 to €11,510
Key points
from the 2025 annual accountsFilings
9 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€10,206
Lower net result than 86% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 19% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.2%▼ -0.2 percentage points vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.1%▼ -0.1 percentage points vs 05-2025
07-2025: 2.2%▲ +0.1 percentage points vs 06-2025
08-2025: 2.8%▲ +0.6 percentage points vs 07-2025
09-2025: 0.7%▼ -2.1 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.1 percentage points vs 12-2025
02-2026: 0.5%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026
10-2026: 3.0%▲ +2.1 percentage points vs 09-2026highest value
11-2026: 3.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 75 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Loss of €10,206 (financial year 2025)
lowers risk
Liquidity: current ratio 1.11, cash €11,510, halved
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 41, micro). It does better than 24% of them on solvency, 39% on liquidity, 5% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,294 companies had the same profile as Tomassetti Construction has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Tomassetti Construction itself: 3.0% 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 1,294 companies, not a prediction for Tomassetti Construction. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.11 (1.29 in 2024), below the usual 1.5. Short-term debt is 83.2% and cash 30.3% of total assets. 83.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 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 · 9 filingsDeviation from the deadline
2025
75 days late
2024
29 days late
2023
31 days late
2022
27 days late
2021
60 days late
2020
31 days late
2019
31 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 41 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
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 1 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0634860842
Changes of role: TOMASSETTI Michaël (director) and TOMASSETTI Adrien (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · Reserve release: €12,360 · Director discharge: TOMASSETTI Michaël (manager) · General meeting of 23-08-2024 · Gazette deed
Resignation: Aurélie FRERE (manager)
General meeting of 26-08-2019 · Gazette deed
Registered office moved from Liège - Impasse de Vottem to Gråce-Hollogne - avenue de la Gare
New registered office: B-4460 Gråce-Hollogne - avenue de la Gare, 33 F (Bierset) · Previous registered office: B-4000 Liège - Impasse de Vottem, 11 · Board meeting of 15-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Tomassetti Construction Grâce-Hollogne | €37,986 | -€2,868 | 16.8% | - |
| Tony THISE et Fils Trooz | €37,989 | -€8,928 | -215.7% | - |
| Polimat Carrelage Beyne-Heusay | €41,434 | €235 | 19.5% | - |
| TRAC INFO Chaudfontaine | €32,217 | -€13,632 | -62.2% | - |
| Arbepo Brecht | €39,184 | -€4,366 | -12.2% | - |
| Algemene werken KEVA Zonhoven | €37,487 | -€276 | 91.0% | - |
| DAVENCO Overijse | €41,511 | €324 | 80.9% | - |
These companies have the same main activity as Tomassetti Construction: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €32,200 and €41,500, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 05-08-2015Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.265.046.2084460 Grâce-Hollogne, since 20-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Insights on Tomassetti Construction
Tomassetti Construction files the micro format. That format states no turnover. The gross margin fell from €14,277 in 2017 to -€2,868 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
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 Tomassetti Construction
- What is the company number of Tomassetti Construction?
- The company number of Tomassetti Construction is 0634.860.842. The VAT number is the same number with BE in front: BE 0634.860.842.
- Where is Tomassetti Construction based?
- The registered office is at Avenue de la Gare 33 F, 4460 Grâce-Hollogne.Company details
- What does Tomassetti Construction do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Tomassetti Construction?
- Tomassetti Construction is a private limited company (BV).
- When was Tomassetti Construction founded?
- Tomassetti Construction was founded on 05-08-2015.
- Is Tomassetti Construction still active?
- Yes, Tomassetti Construction is an active enterprise in the KBO register.
- How many employees does Tomassetti Construction have?
- Tomassetti Construction had an average of 0.4 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of Tomassetti Construction?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Tomassetti Construction profitable?
- In financial year 2025, Tomassetti Construction made a loss of €10,206.
- Where can I find the annual accounts of Tomassetti Construction?
- Tomassetti Construction filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Tomassetti Construction due?
- Tomassetti Construction must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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