TSO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TSO CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €17,744 and a net result of €30,194. Its solvency ranks better than 61% of 28051 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency82▲+82
Growth78
Track record82
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.1; short-term debt: 43.3% and cash: 19.5% of total assets), and 43.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
56.7%
Return on assets
96.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
34 d late
2024
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€17,744
2024 · -€12,450
Total assets
€31,289▲ 773%
2024 · €3,584
Net result
€30,194
2024 · -€13,450
Working capital
€14,889
2024 · -€12,450
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
Line20242025
Operating result-€13,389-€34,637
Net result-€13,450-€30,194
Equity-€12,450-€17,744
Total assets€3,584-€31,289▲ 773%
Debt€16,034-€13,545▼ 15.5%
Working capital-€12,450-€14,889
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34,637 after a loss of €13,389 in 2024.
Balance-sheet composition
Assets €31,289
Fixed assets
€2,855
Current assets
€28,434
Equity and liabilities €31,289
Equity
€17,744
Debt
€13,545
Debt finances 43.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€34,782
Cash flow
€30,339
Current ratio
2.10
Debt to equity
0.76
ROE
170.2%
ROA
96.5%
Interest coverage
176.42
Debt ≤ 1 year
€13,545▼
2024 · €16,034
Income taxes
€4,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €145 | - |
| Other operating charges640/8 | - | €1,099 | - |
| Gross operating margin9900 | -€13,389 | €35,881 | ▲ 368% |
| Operating profit (loss)9901 | -€13,389 | €34,637 | ▲ 359% |
| Financial income75/76B | - | €236 | - |
| Recurring financial income75 | - | €236 | - |
| Financial charges65/66B | €61 | €197 | ▲ 222% |
| Recurring financial charges65 | €61 | €197 | ▲ 222% |
| Profit (loss) for the period before taxes9903 | -€13,450 | €34,676 | ▲ 358% |
| Income taxes67/77 | - | €4,483 | - |
| Profit (loss) for the period9904 | -€13,450 | €30,194 | ▲ 324% |
| Profit (loss) for the period to be appropriated9905 | -€13,450 | €30,194 | ▲ 324% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3,584 | €31,289 | ▲ 773% |
| Fixed assets21/28 | - | €2,855 | - |
| Tangible fixed assets22/27 | - | €2,855 | - |
| Plant, machinery and equipment23 | - | €2,855 | - |
| Current assets29/58 | €3,584 | €28,434 | ▲ 693% |
| Amounts receivable within one year40/41 | €1,000 | €22,320 | ▲ 2,132% |
| Trade receivables40 | - | €15,204 | - |
| Other amounts receivable41 | €1,000 | €7,115 | ▲ 612% |
| Cash at bank and in hand54/58 | €2,584 | €6,115 | ▲ 137% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3,584 | €31,289 | ▲ 773% |
| Equity10/15 | -€12,450 | €17,744 | ▲ 243% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€13,450 | €16,744 | ▲ 224% |
| Amounts payable17/49 | €16,034 | €13,545 | ▼ 15.5% |
| Amounts payable within one year42/48 | €16,034 | €13,545 | ▼ 15.5% |
| Trade debts44 | €14,034 | €8,732 | ▼ 37.8% |
| Suppliers440/4 | €14,034 | €8,732 | ▼ 37.8% |
| Taxes, remuneration and social security45 | €2,000 | €4,813 | ▲ 141% |
| Taxes450/3 | - | €4,736 | - |
| Remuneration and social security454/9 | €2,000 | €76 | ▼ 96.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€13,450 | €30,194 | ▲ 324% |
| + Depreciation and write-downs630 | - | €145 | - |
| Operating cash flow (approximation) | -€13,450 | €30,339 | ▲ 326% |
| Change in cash | - | €3,531 | - |
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
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Back to profitnet €30,194
Net result €30,194 after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 2.10
Current ratio from 0.22 to 2.10; short-term debt falls from €16,034 to €13,545.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Grimbergen · 1 establishment unit since 2023
Ground area
280 m²
Building footprint
209 m²
Volume, LiDAR
1,144 m³
2 parcels, Flanders, Wallonia · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
TSO CONSTRUCT
since 20232.365.655.202
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0064/00H005 | Flanders | 162 m² | 1 · 162 m² | 12.2 m · 2 fl. |
| 55028C0531/00P002 | Wallonia | 118 m² | 1 · 47 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
ATIPIK CONSTRUCT
BE 0775.856.478
Thuin · Eq €17,762
ADM EVRARD
BE 0885.375.319
La Louvière · Eq €17,663
CONRAD DUPONT
BE 0819.426.504
Celles (lez-Tournai) · Eq €17,661
SANDERS KAREL
BE 0473.976.345
Ichtegem · Eq €17,614
DE PAS
BE 0888.780.019
Tongeren-Borgloon · Eq €17,609
Of 4,019 companies in sector 43310 we hold annual accounts for 1,746. 1,298 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
Founded22-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
41001General construction of residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43910Bricklaying and masonry work
Contact
E-mail
tsoconstruct10@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.