TPM CONSTRUCT
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 20 June 2023
- Supervising judge
- Jean Bonte
- Official Gazette
- 26-06-2023 (pdf) ↗search the document for 2023/125470
Deadlines
- Provisional date payments stopped
- 20 June 2023A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 11 July 2023Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 20 July 2023art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 26 July 2023Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 20 June 2024A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Christine De RidderJef Lambeauxlaan 22, 3090 Overijsec.deridder@censius.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Embed the TPM CONSTRUCT company card in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
€274,990total assets 2021
- Equity
- €94,667
- Profit
- €5,965
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
3 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyShow the evidence
Signals
1 signal.
raises risk
Searched, nothing found (1)
- OpeningEnterprise Court of Brussels ·…
- Bankruptcy reversalEnterprise Court of Brussels ·…
- Annual accounts filedfinancial year 2021 · micro…
Financials · financial year 2021, micro format
2021 annual accounts filed late (110 days) Filed on 18 November 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20521767.
Equity
€94,667▲ 6.7%
2020 · €88,702
Total assets
€274,990▲ 21.2%
2020 · €226,885
Net result
€5,965▼ 44.5%
2020 · €10,746
Working capital
€69,973▲ 64.2%
2020 · €42,609
Trend over the years
2018 to 2021, 4 financial years
The operating result has fallen two years in a row; 2021 is 46% below 2020 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€9,574
2021
Net result€5,965
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€274,990
2021
Equity€94,667
2021
Debt€180,323
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€69,973
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.2%
2021
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.4%
2021
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.58
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2018201920202021
Operating result€32,858-€58,413▲ 77.8%€17,703▼ 69.7%€9,574▼ 45.9%
Net result€22,713-€49,043▲ 116%€10,746within the sector's middle half▼ 78.1%€5,965within the sector's middle half▼ 44.5%
Equity€28,913-€77,956▲ 170%€88,702within the sector's middle half▲ 13.8%€94,667within the sector's middle half▲ 6.7%
Total assets€58,347-€122,017▲ 109%€226,885within the sector's middle half▲ 85.9%€274,990within the sector's middle half▲ 21.2%
Debt€29,433-€44,061▲ 49.7%€138,183▲ 214%€180,323▲ 30.5%
Working capital€10,762-€54,873▲ 410%€42,609within the sector's middle half▼ 22.4%€69,973within the sector's middle half▲ 64.2%
Solvency49.6%-63.9%▲ 14.3pp39.1%within the sector's middle half▼ 24.8pp34.4%within the sector's middle half▼ 4.7pp
Current ratio1.37-2.76▲ 1.391.49within the sector's middle half▼ 1.261.58within the sector's middle half▲ 0.09
Return on assets (ROA)38.9%-40.2%▲ 1.3pp4.7%within the sector's middle half▼ 35.5pp2.2%within the sector's middle half▼ 2.6pp
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €274,990
Fixed assets
€84,249 ▼ 14.1%
Current assets
€190,740 ▲ 48.0%
Equity and liabilities €274,990
Equity
€94,667 ▲ 6.7%
Debt
€180,323 ▲ 30.5%
Debt's share of the balance-sheet total rises from 60.9% to 65.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,624▲
2020 · €37,013
Cash flow
€34,015▲
2020 · €30,057
Quick ratio
1.47▼
2020 · 1.49
Debt to equity
1.90▲
2020 · 0.59
ROE
6.3%▼
2020 · 12.1%
Interest coverage
13.27
Debt ≤ 1 year
€120,767▲
2020 · €86,238
Debt > 1 year
€59,556▲
2020 · €51,944
Income taxes
€1,714▼
2020 · €6,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,130 | €12,760 | €19,311 | €28,050 | ▲ 45.3% |
| Other operating charges640/8 | - | - | - | €7,355 | - |
| Gross operating margin9900 | €39,761 | €76,104 | €39,422 | €44,979 | ▲ 14.1% |
| Operating profit (loss)9901 | €32,858 | €58,413 | €17,703 | €9,574 | ▼ 45.9% |
| Financial income75/76B | - | - | - | €940 | - |
| Recurring financial income75 | €5 | €396 | €1,128 | €940 | ▼ 16.7% |
| Financial charges65/66B | - | - | - | €2,834 | - |
| Recurring financial charges65 | €10 | €765 | €1,542 | €2,834 | ▲ 83.8% |
| Profit (loss) for the period before taxes9903 | €32,852 | €58,044 | €17,288 | €7,679 | ▼ 55.6% |
| Income taxes67/77 | €10,139 | €9,001 | €6,542 | €1,714 | ▼ 73.8% |
| Profit (loss) for the period9904 | €22,713 | €49,043 | €10,746 | €5,965 | ▼ 44.5% |
| Profit (loss) for the period to be appropriated9905 | €22,713 | €49,043 | €10,746 | €5,965 | ▼ 44.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58,347 | €122,017 | €226,885 | €274,990 | ▲ 21.2% |
| Fixed assets21/28 | €18,151 | €35,913 | €98,038 | €84,249 | ▼ 14.1% |
| Tangible fixed assets22/27 | €18,151 | €35,913 | €98,038 | €84,249 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | - | - | €16,020 | - |
| Furniture and vehicles24 | - | - | - | €68,229 | - |
| Current assets29/58 | €40,196 | €86,104 | €128,847 | €190,740 | ▲ 48.0% |
| Amounts receivable after more than one year29 | - | - | - | €14,224 | - |
| Other amounts receivable291 | - | - | - | €14,224 | - |
| Stocks and contracts in progress3 | - | - | - | €12,873 | - |
| Stocks30/36 | - | - | - | €12,873 | - |
| Amounts receivable within one year40/41 | €26,437 | €41,960 | €101,899 | €151,392 | ▲ 48.6% |
| Trade receivables40 | - | - | - | €52,640 | - |
| Other amounts receivable41 | - | - | - | €98,752 | - |
| Cash at bank and in hand54/58 | €4,005 | €14,247 | €5,772 | €11,347 | ▲ 96.6% |
| Deferred charges and accrued income490/1 | - | - | - | €905 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58,347 | €122,017 | €226,885 | €274,990 | ▲ 21.2% |
| Equity10/15 | €28,913 | €77,956 | €88,702 | €94,667 | ▲ 6.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | €20,853 | €69,896 | €70,642 | €76,607 | ▲ 8.4% |
| Amounts payable17/49 | €29,433 | €44,061 | €138,183 | €180,323 | ▲ 30.5% |
| Amounts payable after more than one year17 | - | €12,830 | €51,944 | €59,556 | ▲ 14.7% |
| Financial debts170/4 | - | - | - | €59,556 | - |
| Amounts payable within one year42/48 | €29,433 | €31,231 | €86,238 | €120,767 | ▲ 40.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,601 | - |
| Financial debts43 | - | - | - | €1,775 | - |
| Credit institutions430/8 | - | - | - | €1,775 | - |
| Trade debts44 | €14,805 | €6,146 | €46,464 | €87,705 | ▲ 88.8% |
| Suppliers440/4 | - | - | - | €87,705 | - |
| Advances received on contracts in progress46 | - | - | - | €7,420 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,266 | - |
| Taxes450/3 | - | - | - | €3,266 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,713 | €49,043 | €10,746 | €5,965 | ▼ 44.5% |
| + Depreciation and write-downs630 | €5,130 | €12,760 | €19,311 | €28,050 | ▲ 45.3% |
| Operating cash flow (approximation) | €27,843 | €61,803 | €30,057 | €34,015 | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | -€30,522 | -€81,435 | -€14,262 | ▲ 82.5% |
| Change in cash | - | €10,242 | -€8,476 | €5,575 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 18-11-2022 | 2022-20521767 |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47800326 |
| 31-12-2019 | micro format | 29-06-2020 | 2020-26000289 |
| 31-12-2018 | micro format | 24-05-2019 | 2019-14400015 |
Similar companies · same sector, comparable size
Ets de Construction Olivier THONUS
BE 0771.760.803
Floreffe · equity €94,676
PSMT RENOVATION
BE 1016.370.354
Yvoir · equity €94,642
JPB CONSTRUCT
BE 0542.386.881
Wellin · equity €94,698
PROGEST
BE 0474.710.377
Verviers · equity €94,709
BONNAMI-VANCRAENENBROECK
BE 0538.832.624
Ath · equity €94,612
Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,269. 13,336 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Christine De Ridder Jef Lambeauxlaan 22, 3090 Overijse |
20-06-2023 → present |
| Trustee | Joan Dubaere Keizer Karellaan 586/9, 1082 Nl Sint-Agatha-Berchem |
20-09-2022 → 15-11-2022 |
| Trustee | Stijn Vanschou-
broek Keizer Karellaan 586 Bus 9, 1082 Sint-Agatha- Berchem |
20-09-2022 → 15-11-2022 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2023
26-06
Bankruptcy
Opening
Enterprise Court of Brussels · judgment of 20-06-2023
2022
20-12
Bankruptcy
Bankruptcy reversal
Enterprise Court of Brussels · judgment of 15-11-2022
18-11
NBB filing
Annual accounts filed
financial year 2021 · micro format · 110 days late
26-09
Bankruptcy
Opening
Enterprise Court of Brussels · judgment of 20-09-2022
2021
31-12
Financial
Weakest financial yearnet €5,965 ▼44.5%
Net result drops to €5,965, the lowest in the series.
10-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 10 days late
2020
29-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Highest result from 2018 to 2021net €49,043 ▲116%
Operating result €58,413, net result €49,043, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.37 to 2.76.
24-05
NBB filing
Annual accounts filed
financial year 2018 · micro format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded15-02-2018
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
Ground area
1,252 m²
Building footprint
673 m²
Building volume
16,054 m³
2 parcels, Brussels · tallest building 28.7 m. Linked by address, not a title deed.
430
companies at this address
See who is registered here
1 establishment unit
TPM CONSTRUCT
since 2018unit no. 2.273.499.262
2 parcels
Brussels
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 |
| 21572B0402/00E000 | Brussels | 444 m² | 1 · 393 m² | 28.7 m · 8 |
How the parcels are linked
Good to know
Both parcels match the address exactly.