TR Construct
ActiveSummary
TR Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88,930 and a net result of €26,111. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 79% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2022
Profitability86▼-1
Solvency96▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.58 against 3.49 in 2022; short-term debt: 15.5% and cash: 49.5% of total assets), and 29.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
lowers risk · Growing equity
Reported equity is higher than in 2020 and did not fall compared with 2022. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
1819202224
2018 to 2024 · latest year €88,930
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-02-2026, 210 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
210 d late
2022
151 d late
2020
31 d late
2019
92 d late
2018
31 d late
2017
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 91 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€277,141
EBIT margin
11.2%
Net result
€26,111▲ 97.0%
2022 · €13,253
Working capital
€89,041▲ 49.4%
2022 · €59,597
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020222024
Turnover€277,141-
Operating result€48,489-€8,927▼ 81.6%-€41,632€17,531-€30,994-
Net result€31,840-€2,584▼ 91.9%-€51,339€13,253-€26,111-
EBIT margin11.2%-
Equity€92,408-€94,992▲ 2.8%€43,653▼ 54.0%€56,474-€88,930-
Total assets€389,789-€363,238▼ 6.8%€372,599▲ 2.6%€90,047-€125,939-
Debt€297,381-€268,246▼ 9.8%€328,947▲ 22.6%€33,573-€37,010-
Working capital€243,692-€282,667▲ 16.0%€36,423▼ 87.1%€59,597-€89,041-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €30,994 in 2024, compared with €17,531 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €125,939
Fixed assets
€17,439 ▲ 168%
Current assets
€108,500 ▲ 29.9%
Equity and liabilities €125,939
Equity
€88,930 ▲ 57.5%
Debt
€37,010 ▲ 10.2%
Debt's share of the balance-sheet total falls from 37.3% to 29.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,379▲
2022 · €18,273
Cash flow
€28,495▲
2022 · €13,996
Current ratio
5.58▲
2022 · 3.49
Debt to equity
0.42▼
2022 · 0.59
ROE
29.4%▲
2022 · 23.5%
ROA
20.7%▲
2022 · 14.7%
Interest coverage
87.01▲
2022 · 42.47
Debt ≤ 1 year
€19,459▼
2022 · €23,948
Debt > 1 year
€17,551▲
2022 · €9,625
Income taxes
€4,500▲
2022 · €3,850
Staff costs
€320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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: 1.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2018 | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €277,141 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €243,188 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €320 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,568 | €9,568 | €9,718 | €743 | €2,385 | - |
| Other operating charges640/8 | - | - | - | €106 | €255 | - |
| Gross operating margin9900 | €60,067 | €32,267 | -€26,006 | €18,380 | €33,954 | - |
| Operating profit (loss)9901 | €48,489 | €8,927 | -€41,632 | €17,531 | €30,994 | - |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | - | €25 | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €430 | €384 | - |
| Recurring financial charges65 | €3,148 | €6,102 | €9,707 | €430 | €384 | - |
| Profit (loss) for the period before taxes9903 | €45,340 | €2,851 | -€51,339 | €17,103 | €30,611 | - |
| Income taxes67/77 | €13,500 | €266 | - | €3,850 | €4,500 | - |
| Profit (loss) for the period9904 | €31,840 | €2,584 | -€51,339 | €13,253 | €26,111 | - |
| Profit (loss) for the period to be appropriated9905 | €31,840 | €2,584 | -€51,339 | €13,253 | €26,111 | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389,789 | €363,238 | €372,599 | €90,047 | €125,939 | - |
| Fixed assets21/28 | €30,376 | €20,145 | €11,927 | €6,502 | €17,439 | - |
| Tangible fixed assets22/27 | €29,713 | €20,145 | €11,927 | €6,502 | €17,439 | - |
| Land and buildings22 | - | - | - | - | €5,920 | - |
| Plant, machinery and equipment23 | - | - | - | €6,502 | €11,519 | - |
| Financial fixed assets28 | €663 | €0 | - | - | - | - |
| Current assets29/58 | €359,413 | €343,093 | €360,672 | €83,545 | €108,500 | - |
| Stocks and contracts in progress3 | €270,102 | €241,479 | €342,533 | - | - | - |
| Amounts receivable within one year40/41 | €7,183 | €28,022 | €17,200 | €42,837 | €41,044 | - |
| Trade receivables40 | - | - | - | €33,222 | €30,035 | - |
| Other amounts receivable41 | - | - | - | €9,615 | €11,009 | - |
| Cash at bank and in hand54/58 | €82,128 | €58,969 | €939 | €40,708 | €62,323 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,133 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389,789 | €363,238 | €372,599 | €90,047 | €125,939 | - |
| Equity10/15 | €92,408 | €94,992 | €43,653 | €56,474 | €88,930 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | - |
| Capital10 | - | - | - | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €11,860 | €36,860 | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €36,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Own shares acquired1312 | - | - | - | - | €35,000 | - |
| Distributable reserves133 | - | - | - | €10,000 | - | - |
| Profit (loss) carried forward14 | €71,948 | €74,532 | €23,193 | €26,014 | €33,470 | - |
| Amounts payable17/49 | €297,381 | €268,246 | €328,947 | €33,573 | €37,010 | - |
| Amounts payable after more than one year17 | €181,661 | €207,820 | €4,698 | €9,625 | €17,551 | - |
| Financial debts170/4 | - | - | - | €9,625 | €17,551 | - |
| Amounts payable within one year42/48 | €115,721 | €60,425 | €324,249 | €23,948 | €19,459 | - |
| Trade debts44 | €7,176 | €1,364 | €15,675 | €17,107 | €13,977 | - |
| Suppliers440/4 | - | - | - | €17,107 | €13,977 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,842 | €5,482 | - |
| Taxes450/3 | - | - | - | €6,842 | €5,482 | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,840 | €2,584 | -€51,339 | €13,253 | €26,111 | - |
| + Depreciation and write-downs630 | €9,568 | €9,568 | €9,718 | €743 | €2,385 | - |
| Operating cash flow (approximation) | €41,408 | €12,152 | -€41,621 | €13,996 | €28,495 | - |
| Investment in fixed assets (approximation) | - | €663 | -€1,500 | - | - | - |
| Change in cash | - | -€23,159 | -€58,029 | - | - | - |
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
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 210 days late
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Back to profitnet €13,253
Net result €13,253 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.49
Current ratio from 1.11 to 3.49; short-term debt falls from €324,249 to €23,948.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€51,339
Net result drops to -€51,339, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hamois · 1 establishment unit since 2016
Ground area
337 m²
Building footprint
118 m²
Parcel 91002D0149/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Monin, Achet 54, 5362 Hamois
since 20162.250.155.520
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91002D0149/00F000 | Wallonia | 337 m² | 1 · 118 m² | - |
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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,160 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
Founded27-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43320Joinery installation
43410Roofing work
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647561112
Also
9925:BE0647561112
Registered
28-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.