TS CONSTRUCT SRL
ActiveSummary
TS CONSTRUCT SRL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.07M and a net result of €34k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-5
Solvency47=
Growth46▲+6
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.08 in 2023; short-term debt: 43.8% and cash: 0.2% of total assets), but 78.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
33 d early
2022
39 d early
2021
60 d early
2020
52 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€12.54M▲ 23.0%
2023 · €10.20M
2019: €12.84M
2020: €10.33M
2021: €9.99M
2022: €11.39M
2023: €10.20M
2019 → 2024
EBIT margin
1.2%▼ 0.5pp
2023 · 1.7%
2019: 1.6%
2020: 0.8%
2021: 0.9%
2022: 1.2%
2023: 1.7%
2019 → 2024
Net result
€34k▼ 50.2%
2023 · €68k
2018: €208k
2019: €138k
2020: €46k
2021: €30k
2022: €36k
2023: €68k
2018 → 2024
Working capital
€1.72M▲ 530%
2023 · €274k
2018: €-7k
2019: €448k
2020: €493k
2021: €551k
2022: €552k
2023: €274k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€10.33M-€9.99M▼ 3.3%€11.39M▲ 13.9%€10.20M▼ 10.5%€12.54M▲ 23.0%
Equity€898k-€928k▲ 3.4%€964k▲ 3.9%€1.03M▲ 7.0%€1.07M▲ 3.3%
Operating result€79k-€94k▲ 17.8%€137k▲ 46.8%€174k▲ 26.7%€148k▼ 14.9%
Net result€46k-€30k▼ 34.7%€36k▲ 19.5%€68k▲ 87.8%€34k▼ 50.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.89M
Fixed assets
€1.03M ▼ 4.9%
Current assets
€3.87M ▲ 8.3%
Equity and liabilities €4.89M
Equity
€1.07M ▲ 3.3%
Debt
€3.83M ▲ 5.8%
Debt's share of the balance-sheet total rises from 77.8% to 78.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258k▼
2023 · €272k
Cash flow
€144k▼
2023 · €165k
Current ratio
1.80▲
2023 · 1.08
Quick ratio
1.15▲
2023 · 0.74
Debt to equity
3.59▲
2023 · 3.51
ROE
3.2%▼
2023 · 6.6%
ROA
0.7%▼
2023 · 1.5%
Interest coverage
2.72▼
2023 · 3.36
Debt ≤ 1 year
€2.14M▼
2023 · €3.30M
Debt > 1 year
€1.68M▲
2023 · €323k
Income taxes
€38k▼
2023 · €44k
Staff costs
€1.87M▲
2023 · €1.81M
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.65M€4.89M▲
Fixed assets21/28€1.08M€1.03M▼
Tangible fixed assets22/27€933k€869k▼
Land and buildings22€810k€758k▼
Plant, machinery and equipment23€8k€16k▲
Furniture and vehicles24€114k€74k▼
Leasing and similar rights25-€22k
Financial fixed assets28€149k€159k▲
Current assets29/58€3.57M€3.87M▲
Amounts receivable after more than one year29€221k€0▼
Other amounts receivable291€221k€0▼
Stocks and contracts in progress3€1.14M€1.41M▲
Stocks30/36€1.14M€1.41M▲
Amounts receivable within one year40/41€1.89M€2.31M▲
Trade receivables40€1.87M€2.29M▲
Other amounts receivable41€23k€23k▼
Current investments50/53€679€0▼
Cash at bank and in hand54/58€191k€12k▼
Deferred charges and accrued income490/1€120k€135k▲
Equity and liabilities
Total equity and liabilities10/49€4.65M€4.89M▲
Equity10/15€1.03M€1.07M▲
Contributions10/11€264k€264k=
Reserves13€26k€26k=
Non-distributable reserves130/1€26k€26k=
Reserves not available under the articles1311€26k€26k=
Profit (loss) carried forward14€742k€776k▲
Amounts payable17/49€3.62M€3.83M▲
Amounts payable after more than one year17€323k€1.68M▲
Financial debts170/4€323k€1.68M▲
Amounts payable within one year42/48€3.30M€2.14M▼
Current portion of amounts payable after more than one year42€68k€58k▼
Financial debts43€1.40M€0▼
Credit institutions430/8€1.40M€0▼
Trade debts44€1.71M€1.97M▲
Suppliers440/4€1.71M€1.97M▲
Taxes, remuneration and social security45€112k€118k▲
Taxes450/3€5k€38k▲
Remuneration and social security454/9€107k€80k▼
Other amounts payable47/48€4k€0▼
Income statement
Code20232024
Turnover70€10.20M€12.54M▲
Non-recurring operating income76A€365€24k▲
Goods, raw materials, services and sundry goods60/61€9.14M€10.98M▲
Remuneration, social security and pensions62€1.81M€1.87M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€110k▲
Other operating charges640/8€15k€12k▼
Gross operating margin9900€2.10M€2.14M▲
Operating profit (loss)9901€174k€148k▼
Financial income75/76B€19k€18k▼
Recurring financial income75€5k€18k▲
Non-recurring financial income76B€14k€0▼
Financial charges65/66B€81k€95k▲
Recurring financial charges65€81k€95k▲
Profit (loss) for the period before taxes9903€112k€72k▼
Income taxes67/77€44k€38k▼
Profit (loss) for the period9904€68k€34k▼
Profit (loss) for the period to be appropriated9905€68k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€742k€776k▲
Profit (loss) brought forward from the previous period14P€674k€742k▲
Social balance
Average headcount (FTE)908732.834.6▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.03M ▲7%
6 profitable years in a row build equity to €1.03M.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €30k ▼34.7%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Jodoigne · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Pré du Pont(Jod.) 241370 JodoigneGround area
4,269 m²
Building footprint
910 m²
Parcel 25048F0074/00R002, Wallonia. Linked by address, not a title deed.
1 establishment unit
TS CONSTRUCT SPRL
since 19952.074.121.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25048F0074/00R002 | Wallonia | 4,269 m² | 1 · 910 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
15 categoriesTS CONSTRUCT SRL SRL22523
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 6,188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.