TVH Construct
ActiveSummary
TVH Construct has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,169 and a net result of €116,169. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency52▲+22
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.98 in 2024; short-term debt: 72.1% and cash: 42.8% of total assets), and 72.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 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 2025Solvency, return and age of the figures
Solvency
27.4%
Return on assets
88.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €36,169
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 10-03-2026, 143 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
143 d early
2024
129 d early
2023
37 d early
2022
131 d early
2021
34 d early
2020
40 d early
← 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 86 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,169▲ 130%
2024 · €15,735
Total assets
€131,920▼ 56.8%
2024 · €305,538
Net result
€116,169▼ 53.0%
2024 · €247,235
Working capital
€19,485
2024 · -€4,994
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
Line20212022202320242025
Operating result€129,341▼ 0.7%€158,119▲ 22.2%€149,476▼ 5.5%€321,602▲ 115%€149,675▼ 53.5%
Net result€99,325▼ 1.4%€114,221▲ 15.0%€118,505▲ 3.8%€247,235▲ 109%€116,169▼ 53.0%
Equity€183,021▲ 119%€297,242▲ 62.4%€13,500▼ 95.5%€15,735▲ 16.6%€36,169▲ 130%
Total assets€225,464▲ 61.9%€310,109▲ 37.5%€197,429▼ 36.3%€305,538▲ 54.8%€131,920▼ 56.8%
Debt€42,443▼ 23.6%€12,867▼ 69.7%€183,929▲ 1,329%€289,804▲ 57.6%€95,750▼ 67.0%
Working capital€181,623▲ 123%€295,286▲ 62.6%-€944-€4,994▼ 429%€19,485
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,920
Fixed assets
€17,359 ▼ 20.2%
Current assets
€114,561 ▼ 59.6%
Equity and liabilities €131,920
Equity
€36,169 ▲ 130%
Debt
€95,750 ▼ 67.0%
Debt's share of the balance-sheet total falls from 94.9% to 72.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153,867▼
2024 · €325,110
Cash flow
€120,362▼
2024 · €250,743
Current ratio
1.20▲
2024 · 0.98
Debt to equity
2.65▼
2024 · 18.42
ROE
321.2%
ROA
88.1%▲
2024 · 80.9%
Interest coverage
48.94▼
2024 · 67.61
Debt ≤ 1 year
€95,076▼
2024 · €288,781
Income taxes
€35,100▼
2024 · €79,497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 6,703 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €165 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €915 | €1,294 | €1,416 | €3,509 | €4,192 | ▲ 19.5% |
| Other operating charges640/8 | €1,230 | €1,018 | €2,407 | €1,780 | €1,251 | ▼ 29.7% |
| Gross operating margin9900 | €131,485 | €160,430 | €153,299 | €326,891 | €155,118 | ▼ 52.5% |
| Operating profit (loss)9901 | €129,341 | €158,119 | €149,476 | €321,602 | €149,675 | ▼ 53.5% |
| Financial income75/76B | €775 | €882 | €3,401 | €9,939 | €4,738 | ▼ 52.3% |
| Recurring financial income75 | €775 | €882 | €3,401 | €9,939 | €4,738 | ▼ 52.3% |
| Financial charges65/66B | €756 | €5,435 | -€3,618 | €4,809 | €3,144 | ▼ 34.6% |
| Recurring financial charges65 | €756 | €5,435 | -€3,618 | €4,809 | €3,144 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | €129,359 | €153,566 | €156,495 | €326,732 | €151,269 | ▼ 53.7% |
| Income taxes67/77 | €30,034 | €39,344 | €37,990 | €79,497 | €35,100 | ▼ 55.8% |
| Profit (loss) for the period9904 | €99,325 | €114,221 | €118,505 | €247,235 | €116,169 | ▼ 53.0% |
| Profit (loss) for the period to be appropriated9905 | €99,325 | €114,221 | €118,505 | €247,235 | €116,169 | ▼ 53.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,464 | €310,109 | €197,429 | €305,538 | €131,920 | ▼ 56.8% |
| Fixed assets21/28 | €1,398 | €1,956 | €14,444 | €21,751 | €17,359 | ▼ 20.2% |
| Tangible fixed assets22/27 | €1,398 | €1,756 | €14,244 | €21,551 | €17,359 | ▼ 19.5% |
| Plant, machinery and equipment23 | - | €1,273 | €2,128 | €1,050 | €351 | ▼ 66.6% |
| Furniture and vehicles24 | €1,398 | €483 | €1,216 | €5,905 | €3,291 | ▼ 44.3% |
| Other tangible fixed assets26 | - | - | €10,900 | €14,596 | €13,717 | ▼ 6.0% |
| Financial fixed assets28 | - | €200 | €200 | €200 | €0 | ▼ 100% |
| Current assets29/58 | €224,066 | €308,153 | €182,986 | €283,787 | €114,561 | ▼ 59.6% |
| Amounts receivable after more than one year29 | - | €35,000 | €0 | - | €10,000 | - |
| Other amounts receivable291 | - | €35,000 | €0 | - | €10,000 | - |
| Amounts receivable within one year40/41 | €30,695 | €33,189 | €24,235 | €197,465 | €40,093 | ▼ 79.7% |
| Trade receivables40 | €21,453 | €23,933 | €24,235 | €37,965 | €30,250 | ▼ 20.3% |
| Other amounts receivable41 | €9,242 | €9,257 | €0 | €159,500 | €9,843 | ▼ 93.8% |
| Current investments50/53 | €22,500 | €47,999 | €106,852 | €0 | - | - |
| Cash at bank and in hand54/58 | €166,704 | €186,922 | €48,285 | €75,523 | €56,434 | ▼ 25.3% |
| Deferred charges and accrued income490/1 | €4,167 | €5,043 | €3,614 | €10,799 | €8,034 | ▼ 25.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,464 | €310,109 | €197,429 | €305,538 | €131,920 | ▼ 56.8% |
| Equity10/15 | €183,021 | €297,242 | €13,500 | €15,735 | €36,169 | ▲ 130% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €180,021 | €294,242 | €10,500 | €12,735 | €33,169 | ▲ 160% |
| Amounts payable17/49 | €42,443 | €12,867 | €183,929 | €289,804 | €95,750 | ▼ 67.0% |
| Amounts payable within one year42/48 | €42,443 | €12,867 | €183,929 | €288,781 | €95,076 | ▼ 67.1% |
| Trade debts44 | €1,083 | €1,523 | €1,206 | €32,308 | €2,939 | ▼ 90.9% |
| Suppliers440/4 | €1,083 | €1,523 | €1,206 | €32,308 | €2,939 | ▼ 90.9% |
| Taxes, remuneration and social security45 | €41,360 | €11,344 | €7,501 | €11,473 | €9,137 | ▼ 20.4% |
| Taxes450/3 | €41,360 | €11,344 | €7,501 | €11,473 | €9,137 | ▼ 20.4% |
| Other amounts payable47/48 | €0 | - | €175,222 | €245,000 | €83,000 | ▼ 66.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,023 | €675 | ▼ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,325 | €114,221 | €118,505 | €247,235 | €116,169 | ▼ 53.0% |
| + Depreciation and write-downs630 | €915 | €1,294 | €1,416 | €3,509 | €4,192 | ▲ 19.5% |
| Operating cash flow (approximation) | €100,240 | €115,515 | €119,921 | €250,743 | €120,362 | ▼ 52.0% |
| Investment in fixed assets (approximation) | - | -€1,852 | -€13,903 | -€10,816 | €200 | ▲ 102% |
| Change in cash | - | €20,217 | -€138,637 | €27,239 | -€19,090 | ▼ 170% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
State Gazette act
Board meeting · Power of attorney
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €247,235 ▲109%
Operating result €321,602, net result €247,235, both a record.
25-09
State Gazette act
General meeting · Director resignation
Board meeting · Power of attorney
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
01-02
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2022
31-12
Financial
Liquidity times 5current ratio 23.95
Current ratio from 5.28 to 23.95; short-term debt falls from €42,443 to €12,867.
31-12
Financial
Equity above €200,000Eq €297,242 ▲62.4%
3 profitable years in a row build equity to €297,242.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
31-12
Financial
Weakest financial yearnet €99,325 ▼1.4%
Net result drops to €99,325, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.28
Current ratio from 2.47 to 5.28; short-term debt falls from €55,547 to €42,443.
31-12
Financial
Equity above €150,000Eq €183,021 ▲119%
2 profitable years in a row build equity to €183,021.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2019
Ground area
144 m²
Building footprint
93 m²
Volume, LiDAR
704 m³
Parcel 11303C0205/00D002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TVH Construct
since 20192.298.426.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0205/00D002 | Flanders | 144 m² | 1 · 93 m² | 11.8 m · 3 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,913 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
Founded24-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739994390
Also
9925:BE0739994390
Registered
04-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.