TPN Construct
The computed 12-month bankruptcy probability of TPN Construct is 3.6% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-2k. Equity is shrinking by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 2873 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-11k |
| Net result | €-2k |
| Better than sector | 5% |
| Active | 5 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -11.4% | 43.4% | |
| Net result | €-2k | €13k | |
| Equity | €-11k | €44k | |
| Gross operating margin | €-2k | €39k | |
| Total assets | €101k | €115k |
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-2k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €101k |
| Equity | €-11k |
| Debt | €112k |
| of which ≤ 1y | €4k |
| of which > 1y | €108k |
| Working capital | €97k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 24.27 |
| Quick ratio | 3.08 |
| Working capital ratio | 95.9% |
| Solvency | -11.4% |
| Debt / equity | -9.78 |
| Long-term debt ratio | -9.42 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -2.1% |
| ROE | 18.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €101k |
| Fixed assets | 21/28 | €0 |
| Intangible fixed assets | 21 | €0 |
| Current assets | 29/58 | €101k |
| Stocks & contracts in progress | 3 | €88k |
| Amounts receivable within one year | 40/41 | €435 |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €101k |
| Equity | 10/15 | €-11k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-12k |
| Amounts payable | 17/49 | €112k |
| Amounts payable after one year | 17 | €108k |
| Amounts payable within one year | 42/48 | €4k |
| Trade debts payable within one year | 44 | €911 |
| Income statement | ||
| Gross operating margin | 9900 | €-2k |
| Operating result | 9901 | €-2k |
| Financial charges | 65 | €65 |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
| NACE primary | Schilderen van gebouwen(43341) |
| Legal form | Private limited company(610) |
| Incorporation | 27-05-2021 |
| Status | Active |
| Postal code | 4608 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63055A0536/00K000 ProtectedSite or landscape |
Wallonia | 535 m² | 1 · 116 m² | 7.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
02-04-2024 Discharge granted to the board
Technical details
{
"events": [
{
"kind": "decharge_granted",
"role": "administrateur_d\u00E9l\u00E9gu\u00E9",
"person": {
"rrn": null,
"name": "Nathalie HENON",
"address": "Rue du Colonel d\u0027Ardenne 10 B, 4608 Dalhem",
"birth_date": "1969-03-04",
"profession": null,
"birth_place": "Rocourt"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "L\u0027actionnaire unique approuve la nomination de Madame Nathalie HENON, n\u00E9e \u00E0 Rocourt le 04/03/1969, domicili\u00E9e \u00E0 Rue du Colonel d\u0027Ardenne 10 \u0412, 4608 Dalhem en tant qu\u0027administrateur d\u00E9l\u00E9gu\u00E9e \u00E0 la gestion journali\u00E8re de la Soci\u00E9t\u00E9. Ce mandat est exerc\u00E9 \u00E0 titre gratuit.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
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},
"act_meta": {
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"pub_date": null,
"filing_date": "2024-03-01",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2024-01-17",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0768.785.376",
"name_full": "TPN Construct",
"legal_form": "SRL"
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"publication_proxy": {
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"org_name": null,
"person_name": "Philippe XHONNEUX",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"PV du 17/01/2024"
],
"corrected_publication_numac": null
}31-05-2021 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Philippe MERTENS",
"firm_city": null,
"firm_name": null,
"office_city": "Aubel",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2021-05-31",
"filing_date": "2021-05-27",
"act_kind_objet": "CONSTITUTION"
},
"decision": {
"body": "algemene_vergadering",
"date": null,
"unanimous": true
},
"agm_change": {
"new_schedule": "le premier samedi du mois de mai",
"old_schedule": null,
"effective_from_year": null,
"rule_changes_summary": null
},
"detected_kind": "other_address_change",
"other_address": {
"action": "added",
"purpose": "statutaire_zetel",
"address_new": "Rue du Colonel d\u0027Ardenne 10 B, 4608 Neufch\u00E2teau",
"address_old": null,
"effective_date": null,
"effective_date_is_approximate": null
},
"mandate_renewal": {
"period_end": null,
"mandate_kind": "administrateur",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": null,
"person_or_entity_name": "XHONNEUX Philippe"
},
"subject_company": {
"kbo": "0768.785.376",
"name_full": "L. \u0026 T. R\u00E9novations",
"legal_form": "SRL"
},
"accounts_deposit": null,
"publication_proxy": {
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"org_kbo": null,
"org_name": null,
"person_name": "Philippe MERTENS",
"org_rep_person_name": null
},
"co_filed_documents": [
"exp\u00E9dition de l\u0027acte",
"les statuts initiaux"
],
"fiscal_year_change": {
"new_end_mm_dd": "31-12",
"old_end_mm_dd": null,
"new_start_mm_dd": "01-01",
"old_start_mm_dd": null,
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": {
"role": "administrateur",
"organ": "raad_van_bestuur",
"person_name": "XHONNEUX Philippe"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | TPN Construct |