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TVB Construct

Active
Private limited companyfounded 20215 yrs activeBergstraat(STE) 5, 9190 Stekene, BelgiumKBO/BCE: BE 0765.745.813
Summary

The computed 12-month bankruptcy probability of TVB Construct is 2.9% (moderate). The 2025 annual accounts show equity of €34,746 and a net result of -€15,217. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability31▼-34
Solvency31▼-6
Growth78=
Track record94
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46 against 1.95 in 2024; short-term debt: 68.6% and cash: 14.3% of total assets), and 94.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
5.8%
Return on assets
-2.6%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
16 d early
2024
23 d early
2023
14 d early
2022
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 12 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 March 2021, TVB Construct was incorporated as a Private limited company.1 Total assets went from EUR 494,511 in 2022 to EUR 594,915 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€34,746▼ 30.5%
2024 · €49,963
Total assets
€594,915▲ 43.0%
2024 · €415,949
Net result
-€15,217
2024 · €44,963
Working capital
€186,924▼ 7.6%
2024 · €202,221
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
Line2022202320242025
Operating result-€9,191-€64,178€73,794▲ 15.0%-€5,034
Net result-€20,027-€40,345€44,963▲ 11.4%-€15,217
Equity-€15,027-€25,318€49,963▲ 97.3%€34,746▼ 30.5%
Total assets€494,511-€260,629▼ 47.3%€415,949▲ 59.6%€594,915▲ 43.0%
Debt€509,538-€235,311▼ 53.8%€365,986▲ 55.5%€560,169▲ 53.1%
Working capital€136,560-€176,859▲ 29.5%€202,221▲ 14.3%€186,924▼ 7.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2022: -€9,191-€9,191Net result 2022: -€20,027-€20,027Operating result 2023: €64,178€64,178Net result 2023: €40,345€40,345Operating result 2024: €73,794€73,794Net result 2024: €44,963€44,963Operating result 2025: -€5,034-€5,034Net result 2025: -€15,217-€15,2172022202320242025-€25,000€0€25,000€50,000€75,000Operating result 2023: €64,178€64,200Net result 2023: €40,345€40,300Operating result 2024: €73,794€73,800Net result 2024: €44,963€45,000Operating result 2025: -€5,034-€5,030Net result 2025: -€15,217-€15,200202320242025
The operating result turns negative in 2025: a loss of €5,034 after €73,794 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €594,915
Equity €34,746 ▼ 30.5%
Debt €560,169 ▲ 53.1%
Debt's share of the balance-sheet total rises from 88.0% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.46▼
2024 · 1.95
Quick ratio
0.22▼
2024 · 0.78
Debt to equity
16.12▲
2024 · 7.33
ROE
-43.8%▼
2024 · 90.0%
ROA
-2.6%▼
2024 · 10.8%
Debt ≤ 1 year
€407,990▲
2024 · €213,728
Debt > 1 year
€150,000=
2024 · €150,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 820 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 820 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€415,949€594,915▲
Formation expenses20-€0
Current assets29/58€415,949€594,915▲
Stocks and contracts in progress3€249,872€504,047▲
Stocks30/36€249,872€504,047▲
Amounts receivable within one year40/41€1,014€5,000▲
Other amounts receivable41€1,014€5,000▲
Cash at bank and in hand54/58€164,432€85,182▼
Deferred charges and accrued income490/1€631€686▲
Equity and liabilities
Total equity and liabilities10/49€415,949€594,915▲
Equity10/15€49,963€34,746▼
Contributions10/11€5,000€5,000=
Reserves13€44,963€44,963=
Distributable reserves133€44,963€44,963=
Profit (loss) carried forward14--€15,217
Amounts payable17/49€365,986€560,169▲
Amounts payable after more than one year17€150,000€150,000=
Financial debts170/4€150,000€150,000=
Amounts payable within one year42/48€213,728€407,990▲
Financial debts43€165,000€330,000▲
Credit institutions430/8€165,000€330,000▲
Trade debts44€548€333▼
Suppliers440/4€548€333▼
Taxes, remuneration and social security45€11,321-
Taxes450/3€11,321-
Other amounts payable47/48€36,859€77,657▲
Accrued charges and deferred income492/3€2,258€2,179▼
Income statement Code20242025
Other operating charges640/8€2,510€1,375▼
Gross operating margin9900€76,304-€3,659▼
Operating profit (loss)9901€73,794-€5,034▼
Financial charges65/66B€7,849€10,183▲
Recurring financial charges65€7,849€10,183▲
Profit (loss) for the period before taxes9903€65,945-€15,217▼
Income taxes67/77€20,983-
Profit (loss) for the period9904€44,963-€15,217▼
Profit (loss) for the period to be appropriated9905€44,963-€15,217▼
Appropriation of the result
Profit (loss) to be appropriated9906€65,281-€15,217▼
Profit (loss) brought forward from the previous period14P€20,318-
Transfer to equity691/2€44,963-
To other reserves6921€44,963-
Profit to be distributed694/7€20,318-
Return on contributions (dividend)694€20,318-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,318----
Other operating charges640/8€1,569€915€2,510€1,375▼ 45.2%
Gross operating margin9900-€5,305€65,093€76,304-€3,659▼ 105%
Operating profit (loss)9901-€9,191€64,178€73,794-€5,034▼ 107%
Financial charges65/66B€10,836€17,008€7,849€10,183▲ 29.7%
Recurring financial charges65€10,836€17,008€7,849€10,183▲ 29.7%
Profit (loss) for the period before taxes9903-€20,027€47,170€65,945-€15,217▼ 123%
Income taxes67/77-€6,825€20,983--
Profit (loss) for the period9904-€20,027€40,345€44,963-€15,217▼ 134%
Profit (loss) for the period to be appropriated9905-€20,027€40,345€44,963-€15,217▼ 134%
Line2022202320242025Change
Assets
Total assets20/58€494,511€260,629€415,949€594,915▲ 43.0%
Formation expenses20---€0-
Current assets29/58€494,511€260,629€415,949€594,915▲ 43.0%
Stocks and contracts in progress3€493,514€255,990€249,872€504,047▲ 102%
Stocks30/36€493,514€255,990€249,872€504,047▲ 102%
Amounts receivable within one year40/41--€1,014€5,000▲ 393%
Other amounts receivable41--€1,014€5,000▲ 393%
Cash at bank and in hand54/58€600€4,132€164,432€85,182▼ 48.2%
Deferred charges and accrued income490/1€397€507€631€686▲ 8.6%
Equity and liabilities
Total equity and liabilities10/49€494,511€260,629€415,949€594,915▲ 43.0%
Equity10/15-€15,027€25,318€49,963€34,746▼ 30.5%
Contributions10/11€5,000€5,000€5,000€5,000=
Reserves13--€44,963€44,963=
Distributable reserves133--€44,963€44,963=
Profit (loss) carried forward14-€20,027€20,318--€15,217-
Amounts payable17/49€509,538€235,311€365,986€560,169▲ 53.1%
Amounts payable after more than one year17€150,000€150,000€150,000€150,000=
Financial debts170/4€150,000€150,000€150,000€150,000=
Amounts payable within one year42/48€357,951€83,770€213,728€407,990▲ 90.9%
Financial debts43€348,000€42,450€165,000€330,000▲ 100%
Credit institutions430/8€348,000€42,450€165,000€330,000▲ 100%
Trade debts44€348€6,636€548€333▼ 39.1%
Suppliers440/4€348€6,636€548€333▼ 39.1%
Taxes, remuneration and social security45-€6,825€11,321--
Taxes450/3-€6,825€11,321--
Other amounts payable47/48€9,604€27,859€36,859€77,657▲ 111%
Accrued charges and deferred income492/3€1,587€1,541€2,258€2,179▼ 3.5%
Line2022202320242025Change
Profit (loss) for the period9904-€20,027€40,345€44,963-€15,217▼ 134%
+ Depreciation and write-downs630€2,318----
Operating cash flow (approximation)-€17,709€40,345€44,963-€15,217▼ 134%
Change in cash-€3,532€160,300-€79,250▼ 149%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €44,963 ▲11.4%
Operating result €73,794, net result €44,963, both a record.
17-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €40,345
Net result €40,345 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 3.11
Current ratio from 1.38 to 3.11; short-term debt falls from €357,951 to €83,770.
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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.

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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, Stekene · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
181 m²
Building footprint
102 m²
Volume, LiDAR
425 m³
Parcel 46322C1694/00N000, Flanders · tallest building 12.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TVB Construct
Bergstraat(STE) 5, 9190 StekeneReal estate activities
since 20212.317.065.031
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46322C1694/00N000 Flanders 180 m² 1 · 102 m² 12.7 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-03-2021
Fiscal year end31-12
Contact
E-mail timvanbraband@gmail.comStekene
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765745813
Also 9925:BE0765745813
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.