TOTAL CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of TOTAL CONCEPT is 1.6% (moderate). The 2025 annual accounts show equity of €201,991 and a net result of -€15,039. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 28374 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+30
Solvency66▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.27 against 1.48 in 2024; short-term debt: 59.4% and cash: 11.1% of total assets), and 59.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
40.6%
Return on assets
-3%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€15,039
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
2 d late
2022
29 d late
2021
29 d late
2020
24 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 2 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€201,991▼ 6.9%
2024 · €217,029
Total assets
€497,335▼ 25.1%
2024 · €663,981
Net result
-€15,039▲ 62.3%
2024 · -€39,923
Working capital
-€216,617
2024 · €71,575
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€32,710▲ 28.2%-€27,542▲ 15.8%€279,243-€31,504-€11,514▲ 63.5%
Net result-€41,222below the sector's middle half▲ 25.1%-€38,282below the sector's middle half▲ 7.1%€242,991above the sector's middle half-€39,923below the sector's middle half-€15,039below the sector's middle half▲ 62.3%
Equity€52,244within the sector's middle half▼ 44.1%€13,961below the sector's middle half▼ 73.3%€256,952above the sector's middle half▲ 1,740%€217,029above the sector's middle half▼ 15.5%€201,991above the sector's middle half▼ 6.9%
Total assets€791,485above the sector's middle half▲ 6.7%€748,397above the sector's middle half▼ 5.4%€713,179above the sector's middle half▼ 4.7%€663,981above the sector's middle half▼ 6.9%€497,335above the sector's middle half▼ 25.1%
Debt€739,241▲ 14.1%€734,436▼ 0.6%€456,227▼ 37.9%€446,952▼ 2.0%€295,345▼ 33.9%
Working capital-€24,289below the sector's middle half▼ 345%-€36,530below the sector's middle half▼ 50.4%€86,132within the sector's middle half€71,575within the sector's middle half▼ 16.9%-€216,617below the sector's middle half
Solvency6.6%below the sector's middle half▼ 6.0pp1.9%below the sector's middle half▼ 4.7pp36.0%within the sector's middle half▲ 34.2pp32.7%within the sector's middle half▼ 3.3pp40.6%within the sector's middle half▲ 7.9pp
Current ratio0.90below the sector's middle half▼ 0.060.84below the sector's middle half▼ 0.051.55within the sector's middle half▲ 0.701.48within the sector's middle half▼ 0.070.27below the sector's middle half▼ 1.21
Return on assets (ROA)-5.2%below the sector's middle half▲ 2.2pp-5.1%below the sector's middle half▲ 0.1pp34.1%above the sector's middle half▲ 39.2pp-6.0%below the sector's middle half▼ 40.1pp-3.0%below the sector's middle half▲ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,514 in 2025 against €31,504 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €497,335
Fixed assets
€418,607 ▼ 5.3%
Current assets
€78,728 ▼ 64.5%
Equity and liabilities €497,335
Equity
€201,991 ▼ 6.9%
Debt
€295,345 ▼ 33.9%
Debt's share of the balance-sheet total falls from 67.3% to 59.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,004▲
2024 · -€4,005
Cash flow
€8,479▲
2024 · -€12,423
Debt to equity
1.46▼
2024 · 2.06
ROE
-7.4%▲
2024 · -18.4%
Interest coverage
3.11▲
2024 · -0.48
Debt ≤ 1 year
€295,345▲
2024 · €150,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,340 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% | 1.0% |
| 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% 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 8,611 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,806 | €30,379 | €27,500 | €27,500 | €23,518 | ▼ 14.5% |
| Other operating charges640/8 | - | €6,423 | €5,715 | €5,563 | €6,035 | ▲ 8.5% |
| Gross operating margin9900 | €4,477 | €9,260 | €312,458 | €1,558 | €18,039 | ▲ 1,058% |
| Operating profit (loss)9901 | -€32,710 | -€27,542 | €279,243 | -€31,504 | -€11,514 | ▲ 63.5% |
| Financial income75/76B | - | €2,639 | - | - | €331 | - |
| Recurring financial income75 | €4,531 | €2,639 | - | - | €331 | - |
| Financial charges65/66B | - | €13,380 | €17,346 | €8,418 | €3,856 | ▼ 54.2% |
| Recurring financial charges65 | €13,043 | €13,380 | €17,346 | €8,418 | €3,856 | ▼ 54.2% |
| Profit (loss) for the period before taxes9903 | -€41,222 | -€38,282 | €261,897 | -€39,923 | -€15,039 | ▲ 62.3% |
| Income taxes67/77 | - | - | €18,906 | - | - | - |
| Profit (loss) for the period9904 | -€41,222 | -€38,282 | €242,991 | -€39,923 | -€15,039 | ▲ 62.3% |
| Profit (loss) for the period to be appropriated9905 | -€41,222 | -€38,282 | €242,991 | -€39,923 | -€15,039 | ▲ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €791,485 | €748,397 | €713,179 | €663,981 | €497,335 | ▼ 25.1% |
| Fixed assets21/28 | €579,794 | €549,415 | €469,625 | €442,125 | €418,607 | ▼ 5.3% |
| Tangible fixed assets22/27 | €579,794 | €549,415 | €469,625 | €442,125 | €418,607 | ▼ 5.3% |
| Land and buildings22 | - | €541,452 | €465,644 | €442,125 | €418,607 | ▼ 5.3% |
| Furniture and vehicles24 | - | €7,963 | €3,981 | - | - | - |
| Current assets29/58 | €211,691 | €198,982 | €243,554 | €221,856 | €78,728 | ▼ 64.5% |
| Amounts receivable within one year40/41 | €102,150 | €94,333 | €143,169 | €143,150 | €23,743 | ▼ 83.4% |
| Trade receivables40 | - | €55,372 | €66,207 | €64,207 | €15,782 | ▼ 75.4% |
| Other amounts receivable41 | - | €38,962 | €76,962 | €78,943 | €7,961 | ▼ 89.9% |
| Cash at bank and in hand54/58 | €27,072 | €22,181 | €98,747 | €77,038 | €54,985 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | - | €82,469 | €1,637 | €1,668 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €791,485 | €748,397 | €713,179 | €663,981 | €497,335 | ▼ 25.1% |
| Equity10/15 | €52,244 | €13,961 | €256,952 | €217,029 | €201,991 | ▼ 6.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | - | - |
| Outside capital11 | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | €6,200 | - |
| Revaluation surpluses12 | - | €304,000 | €268,000 | €268,000 | €244,000 | ▼ 9.0% |
| Reserves13 | €97,860 | €97,860 | €133,860 | €133,860 | €157,860 | ▲ 17.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | €96,000 | €132,000 | €132,000 | €156,000 | ▲ 18.2% |
| Profit (loss) carried forward14 | -€355,816 | -€394,099 | -€151,108 | -€191,031 | -€206,069 | ▼ 7.9% |
| Amounts payable17/49 | €739,241 | €734,436 | €456,227 | €446,952 | €295,345 | ▼ 33.9% |
| Amounts payable after more than one year17 | €501,904 | €495,780 | €292,153 | €290,000 | - | - |
| Financial debts170/4 | - | €495,780 | €292,153 | €290,000 | - | - |
| Amounts payable within one year42/48 | €235,980 | €235,512 | €157,422 | €150,281 | €295,345 | ▲ 96.5% |
| Current portion of amounts payable after more than one year42 | - | €6,124 | €3,627 | €2,153 | - | - |
| Trade debts44 | €226,012 | €227,987 | €71,599 | €78,036 | €14,327 | ▼ 81.6% |
| Suppliers440/4 | - | €227,987 | €71,599 | €78,036 | €14,327 | ▼ 81.6% |
| Taxes, remuneration and social security45 | - | €1,402 | €22,913 | €23,416 | €5,668 | ▼ 75.8% |
| Taxes450/3 | - | €1,402 | €22,913 | €23,416 | €5,668 | ▼ 75.8% |
| Other amounts payable47/48 | - | - | €59,283 | €46,677 | €275,349 | ▲ 490% |
| Accrued charges and deferred income492/3 | - | €3,143 | €6,653 | €6,671 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,222 | -€38,282 | €242,991 | -€39,923 | -€15,039 | ▲ 62.3% |
| + Depreciation and write-downs630 | €30,806 | €30,379 | €27,500 | €27,500 | €23,518 | ▼ 14.5% |
| Operating cash flow (approximation) | -€10,415 | -€7,903 | €270,490 | -€12,423 | €8,479 | ▲ 168% |
| Investment in fixed assets (approximation) | - | €0 | €52,290 | €0 | €0 | - |
| Change in cash | - | -€4,892 | €76,567 | -€21,709 | -€22,053 | ▼ 1.6% |
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
27-08
State Gazette act
Purpose · Statutes amendment4 facts ▸
State Gazette act
Purpose · Statutes amendment
4 facts ▸
- General meeting, 19-08-2026
- Board meeting, verslag, goedgekeurd met eenparigheid
- Statutes amendment, 3
- Other statement, opdracht coördinatie statuten, coördinatie van de statuten opmaken en ondertekenen
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
31-03
Financial
Back to profitnet €242,991
Net result €242,991 after 4 loss-making years.
31-03
Financial
Equity above €200,000Eq €256,952 ▲1,740%
Equity rises from €13,961 to €256,952.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
31-03
Financial
Weakest financial yearnet -€55,046
Net result drops to -€55,046, the lowest in the series; recovery starts the following year.
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
972 m²
Building footprint
141 m²
Volume, LiDAR
1,384 m³
2 parcels, Brussels · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Dublinstraat 15, 1050 Elsene
since 20012.093.266.631
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0021/00X008 | Brussels | 811 m² | 1 · 141 m² | 12.3 m · 3 fl. |
| 21009A0873/00A013 | Brussels | 162 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Alle activiteiten die betrekking hebben op een studiebureau en productie-eenheid die zich bezighouden met de kunst van het bouwen in het algemeen en zonder dat de opsomming…
Full purpose (16 activities)
- Alle activiteiten die betrekking hebben op een studiebureau en productie-eenheid die zich bezighouden met de kunst van het bouwen in het algemeen en zonder dat de opsomming limitatief is van alle activiteiten met betrekking tot het opstellen en tekenen van bouw- en andere plannen, decorbouw, scènebouw, driedimensionale constructies, alsook de binnenhuisinrichting, kantoor -en winkelinrichting
- De productie en uitgave van cd's, muziek en datagegevens, van websites, boeken, film en video's
- Alle landbouw-, olijfteelt-activiteiten en valorisatie van de uit de olijfboom afkomstige grondstoffen
- Het uitoefenen van landbouw-, olijfteelt-, bosbouw- en agrovoedingsactiviteiten, in het bijzonder in de regio Salento (Italië)
- De verwerving, het beheer, de exploitatie, de ontwikkeling, de verhuur of de huur van landbouwgronden, olijfgaarden en allerlei landelijke exploitaties
- Het aanplanten, telen, onderhouden, herstellen en exploiteren van olijfbomen, in het bijzonder van de variëteiten Leccino en Favolosa (FS-17), evenals van alle andere variëteiten die geschikt zijn voor de lokale agronomische omstandigheden
- De productie, oogst, verwerking, opslag, verpakking, commercialisering, invoer en uitvoer van olijven, olijfolie, afgeleide producten en alle landbouw- of agrovoedingsproducten
- De uitvoering van landbouwkundige werkzaamheden, (her)aanplantingsprojecten, bodembehoud, duurzaam beheer van natuurlijke hulpbronnen en bescherming van het olijventeelt-patrimonium, in het bijzonder in het kader van de bestrijding van de gevolgen van de verspreiding van de bacterie Xylella fastidiosa die de olijfgaarden in de regio Salento heeft aangetast
- De recuperatie, verwerking, valorisatie en commercialisering van olijfhout dat onder meer afkomstig is van rooiwerkzaamheden, vernieuwing of beheer van olijfgaarden die getroffen zijn door Xylella fastidiosa, evenals de vervaardiging of commercialisering van producten afgeleid van olijfhout, binnen het kader van een circulaire economie en het behoud van het olijfteeltpatrimonium
- De verwerving, het bezit, het beheer en de exploitatie van alle uitrustingen, installaties, gebouwen of infrastructuren die noodzakelijk zijn voor deze activiteiten
- Het aangaan van partnerschappen, teeltcontracten, samenwerkingsverbanden of dienstverleningsovereenkomsten met landbouwers, coöperaties, openbare of private instellingen, ambachtslieden, verwerkers of actoren uit de houtsector, evenals de deelname aan onderzoeks-, ontwikkelings- of financieringsprogramma’s die verband houden met de landbouwsector, de olijfteelt of de valorisatie van natuurlijke hulpbronnen
- Alle handelingen van welke aard ook die rechtstreeks of onrechtstreeks verband houden met de landbouw, olijfbouw en in het bijzonder alle handelingen die rechtstreeks of onrechtstreeks betrekking hebben op de productie, de reproductie, de verpakking, de verwerking in al haar vormen en de groothandels- en detailhandel van alle producten afkomstig uit de olijfbouw, met inbegrip van gereedschappen en machines, alsook de bijproducten en afgeleide producten
- Alle werkzaamheden inzake het voorbereiden, onderhouden en oogsten van gronden en gewassen
- Het huren, onderverhuren, exploiteren, aankopen en verkopen van (landbouw)gronden, weilanden of alle onroerende goederen in het algemeen, evenals het verlenen van alle diensten aan landbouwers; alsook het valoriseren, promoten, exploiteren en beheren, in de ruimste zin van het woord, van alle bebouwde of onbebouwde onroerende goederen, voornamelijk van landelijke, bouwkundige en/of agrarische aard, hetzij rechtstreeks, hetzij door verhuur, aankoop of verkoop of op enige andere wijze, bestemd voor haar activiteiten
- Het beheer, de advisering en consultancy inzake het voorgaande
- De aankoop, het onderhoud, de herstelling, de verkoop en de verhuur van alle landbouwmaterieel en -machines
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,369 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
Founded18-05-2001
Fiscal year end31-03
Activities, NACEBEL 2025
43310Plastering work
43211General electrical installation work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474834202
Also
9925:BE0474834202
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.