Tomassetti Construction
ActiveSummary
Tomassetti Construction has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+24
Solvency65▲+65
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 0.41 in 2023; short-term debt: 59.9% and cash: 74.2% of total assets), and 59.9% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
40.1%
Return on assets
40.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
31 d late
2022
27 d late
2021
60 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k
2023 · €-7k
2018: €6k
2019: €33k▲ +453% vs 2018highest in 7 years
2020: €24k▼ -26.7% vs 2019
2021: €3k▼ -89.2% vs 2020
2022: €-9k▼ -459% vs 2021lowest in 7 years
2023: €-7k▲ +19.5% vs 2022
2024: €17k▲ +322% vs 2023
2018 → 2024
Total assets
€41k▲ 38.5%
2023 · €30k
2018: €21klowest in 7 years
2019: €76k▲ +263% vs 2018
2020: €93k▲ +21.9% vs 2019highest in 7 years
2021: €60k▼ -35.8% vs 2020
2022: €44k▼ -25.6% vs 2021
2023: €30k▼ -32.8% vs 2022
2024: €41k▲ +38.5% vs 2023
2018 → 2024
Net result
€17k▲ 833%
2023 · €2k
2018: €7k
2019: €27k▲ +278% vs 2018highest in 7 years
2020: €-9k▼ -133% vs 2019
2021: €-21k▼ -145% vs 2020lowest in 7 years
2022: €-12k▲ +44.2% vs 2021
2023: €2k▲ +115% vs 2022
2024: €17k▲ +833% vs 2023
2018 → 2024
Working capital
€7k
2023 · €-22k
2018: €2k
2019: €23k▲ +1026% vs 2018highest in 7 years
2020: €-172▼ -101% vs 2019
2021: €-21k▼ -12272% vs 2020
2022: €-31k▼ -45.4% vs 2021lowest in 7 years
2023: €-22k▲ +28.5% vs 2022
2024: €7k▲ +132% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€3k▼ 89.2%€-9k€-7k▲ 19.5%€17k
2020: €24khighest in 5 years
2021: €3k▼ -89.2% vs 2020
2022: €-9k▼ -459% vs 2021lowest in 5 years
2023: €-7k▲ +19.5% vs 2022
2024: €17k▲ +322% vs 2023
Operating result€-7k-€-20k▼ 175%€-11k▲ 46.2%€3k€17k▲ 565%
2020: €-7k
2021: €-20k▼ -175% vs 2020lowest in 5 years
2022: €-11k▲ +46.2% vs 2021
2023: €3k▲ +125% vs 2022
2024: €17k▲ +565% vs 2023highest in 5 years
Net result€-9k-€-21k▼ 145%€-12k▲ 44.2%€2k€17k▲ 833%
2020: €-9k
2021: €-21k▼ -145% vs 2020lowest in 5 years
2022: €-12k▲ +44.2% vs 2021
2023: €2k▲ +115% vs 2022
2024: €17k▲ +833% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 565% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41k
Fixed assets
€9k ▼ 35.1%
Current assets
€32k ▲ 109%
Equity and liabilities €41k
Equity
€17k
Debt
€25k
Debt finances 59.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€24k▲
2023 · €18k
Cash flow
€24k▲
2023 · €17k
Current ratio
1.29▲
2023 · 0.41
Debt to equity
1.49▲
2023 · -4.99
ROE
101.6%
ROA
40.8%▲
2023 · 6.1%
Interest coverage
46.75▲
2023 · 21.76
Debt ≤ 1 year
€25k▼
2023 · €37k
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€30k€41k▲
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€13k€8k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€15-
Financial fixed assets28€1k€1k=
Current assets29/58€15k€32k▲
Amounts receivable within one year40/41€11k€884▼
Trade receivables40€10k-
Other amounts receivable41€866€884▲
Cash at bank and in hand54/58€4k€31k▲
Deferred charges and accrued income490/1€148€301▲
Equity and liabilities
Total equity and liabilities10/49€30k€41k▲
Equity10/15€-7k€17k▲
Contributions10/11€11k€19k▲
Reserves13€1k€1k=
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133-€1k
Profit (loss) carried forward14€-20k€-3k▲
Amounts payable17/49€37k€25k▼
Amounts payable within one year42/48€37k€25k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€24k€19k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Other operating charges640/8€668€585▼
Gross operating margin9900€18k€25k▲
Operating profit (loss)9901€3k€17k▲
Financial charges65/66B€805€517▼
Recurring financial charges65€805€517▼
Profit (loss) for the period before taxes9903€2k€17k▲
Profit (loss) for the period9904€2k€17k▲
Profit (loss) for the period to be appropriated9905€2k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-3k▲
Profit (loss) brought forward from the previous period14P€-22k€-20k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €16k | €16k | €15k | €7k | ▼ 54.5% |
| Other operating charges640/8 | - | €999 | €496 | €668 | €585 | ▼ 12.5% |
| Gross operating margin9900 | €4k | €-3k | €5k | €18k | €25k | ▲ 36.1% |
| Operating profit (loss)9901 | €-7k | €-20k | €-11k | €3k | €17k | ▲ 565% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | €2k | €1k | €805 | €517 | ▼ 35.8% |
| Recurring financial charges65 | €2k | €2k | €1k | €805 | €517 | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | €-9k | €-21k | €-12k | €2k | €17k | ▲ 833% |
| Profit (loss) for the period9904 | €-9k | €-21k | €-12k | €2k | €17k | ▲ 833% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-21k | €-12k | €2k | €17k | ▲ 833% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €60k | €44k | €30k | €41k | ▲ 38.5% |
| Fixed assets21/28 | €57k | €44k | €29k | €15k | €9k | ▼ 35.1% |
| Tangible fixed assets22/27 | €56k | €43k | €28k | €13k | €8k | ▼ 38.1% |
| Plant, machinery and equipment23 | - | €27k | €20k | €13k | €8k | ▼ 38.1% |
| Furniture and vehicles24 | - | €1k | €596 | €15 | - | - |
| Leasing and similar rights25 | - | €15k | €7k | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €36k | €15k | €15k | €15k | €32k | ▲ 109% |
| Amounts receivable within one year40/41 | €8k | €12k | - | €11k | €884 | ▼ 91.9% |
| Trade receivables40 | - | €12k | - | €10k | - | - |
| Other amounts receivable41 | - | - | - | €866 | €884 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €28k | €3k | €15k | €4k | €31k | ▲ 630% |
| Deferred charges and accrued income490/1 | - | - | - | €148 | €301 | ▲ 104% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €60k | €44k | €30k | €41k | ▲ 38.5% |
| Equity10/15 | €24k | €3k | €-9k | €-7k | €17k | ▲ 322% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €19k | ▲ 63.3% |
| Capital10 | - | - | €11k | - | - | - |
| Issued capital100 | - | - | €19k | - | - | - |
| Uncalled capital101 | - | - | €7k | - | - | - |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | - | - |
| Legal reserve130 | - | - | €1k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | - | €1k | - | - |
| Distributable reserves133 | - | - | - | - | €1k | - |
| Profit (loss) carried forward14 | €11k | €-10k | €-22k | €-20k | €-3k | ▲ 84.6% |
| Amounts payable17/49 | €69k | €57k | €54k | €37k | €25k | ▼ 33.7% |
| Amounts payable after more than one year17 | €33k | €21k | €8k | - | - | - |
| Financial debts170/4 | - | €21k | €8k | - | - | - |
| Amounts payable within one year42/48 | €36k | €37k | €46k | €37k | €25k | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €8k | - | - |
| Trade debts44 | €7k | €7k | €11k | €2k | €2k | ▲ 55.8% |
| Suppliers440/4 | - | €7k | €11k | €2k | €2k | ▲ 55.8% |
| Advances received on contracts in progress46 | - | - | €500 | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €6k | €4k | €4k | ▼ 9.5% |
| Taxes450/3 | - | €4k | €6k | €4k | €4k | ▼ 9.5% |
| Other amounts payable47/48 | - | €13k | €16k | €24k | €19k | ▼ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-21k | €-12k | €2k | €17k | ▲ 833% |
| + Depreciation and write-downs630 | €9k | €16k | €16k | €15k | €7k | ▼ 54.5% |
| Operating cash flow (approximation) | €472 | €-6k | €4k | €17k | €24k | ▲ 41.5% |
| Investment in fixed assets (approximation) | - | €-3k | €-349 | €-349 | €-2k | ▼ 370% |
| Change in cash | - | €-25k | €12k | €-11k | €26k | ▲ 340% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.29
Current ratio from 0.41 to 1.29; short-term debt falls from €37k to €25k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €27k ▲278%
Operating result €33k, net result €27k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Grâce-Hollogne · 1 establishment unit since 2017
Ground area
1,788 m²
Building footprint
133 m²
Volume, LiDAR
1,495 m³
Parcel 62016A0457/00Y002, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Tomassetti Construction
since 20172.265.046.208
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016A0457/00Y002 | Wallonia | 1,788 m² | 1 · 133 m² | 13.2 m · 4 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,016 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
Founded05-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.