TSB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TSB CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show equity of €12,512 and a net result of €10,871. Its solvency ranks better than 61% of 7524 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability100
Solvency79
Growth-
Track record67
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.04; short-term debt: 46% and cash: 35.4% of total assets), and 46% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54%
Return on assets
46.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
119 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€12,512
Total assets
€23,162
Net result
€10,871
Working capital
€444
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €23,162
Fixed assets
€12,067
Current assets
€11,094
Equity and liabilities €23,162
Equity
€12,512
Debt
€10,650
Debt finances 46.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€15,350
Cash flow
€11,500
Current ratio
1.04
Debt to equity
0.85
ROE
86.9%
ROA
46.9%
Interest coverage
1408.27
Debt ≤ 1 year
€10,650
Income taxes
€3,839
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €630 |
| Other operating charges640/8 | €21 |
| Gross operating margin9900 | €15,372 |
| Operating profit (loss)9901 | €14,721 |
| Financial charges65/66B | €11 |
| Recurring financial charges65 | €11 |
| Profit (loss) for the period before taxes9903 | €14,710 |
| Income taxes67/77 | €3,839 |
| Profit (loss) for the period9904 | €10,871 |
| Profit (loss) for the period to be appropriated9905 | €10,871 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €23,162 | |
| Fixed assets21/28 | €12,067 | |
| Tangible fixed assets22/27 | €12,067 | |
| Plant, machinery and equipment23 | €5,913 | |
| Furniture and vehicles24 | €6,154 | |
| Current assets29/58 | €11,094 | |
| Amounts receivable within one year40/41 | €900 | |
| Trade receivables40 | €466 | |
| Other amounts receivable41 | €434 | |
| Cash at bank and in hand54/58 | €8,208 | |
| Deferred charges and accrued income490/1 | €1,986 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €23,162 | |
| Equity10/15 | €12,512 | |
| Contributions10/11 | €2,500 | |
| Profit (loss) carried forward14 | €10,012 | |
| Amounts payable17/49 | €10,650 | |
| Amounts payable within one year42/48 | €10,650 | |
| Trade debts44 | €2,998 | |
| Suppliers440/4 | €2,998 | |
| Taxes, remuneration and social security45 | €6,714 | |
| Taxes450/3 | €4,714 | |
| Remuneration and social security454/9 | €2,000 | |
| Other amounts payable47/48 | €939 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €10,871 |
| + Depreciation and write-downs630 | €630 |
| Operating cash flow (approximation) | €11,500 |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Fléron · 1 establishment unit since 2025
Ground area
9,112 m²
Building footprint
242 m²
Volume, LiDAR
1,708 m³
Parcel 62089A0296/00B000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TSB CONSTRUCT
since 20252.379.947.260
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62089A0296/00B000 | Wallonia | 9,112 m² | 1 · 241 m² | 8.3 m · 2 fl. |
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.
Similar companies · same sector, comparable size
SOYDAN CONSTRUCT
BE 0776.609.120
Fléron · Eq €12,512
ILOT SACRE - RESIDENCE
BE 0666.400.094
Brussel · Eq €12,516
X MAX CONSTRUCT
BE 0748.636.694
Sint-Gillis (bij-Brussel) · Eq €12,518
CATTERMAN FABRICE ET FILS
BE 0879.394.575
La Louvière · Eq €12,529
FIXED CONSTRUCT
BE 0764.657.334
Sint-Truiden · Eq €12,492
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 10,092 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
Founded17-09-2025
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.