TK CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of TK CONCEPT is 1.9% (moderate). For TK CONCEPT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-24k) and a net result of €-20k. Equity is shrinking by ~129.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 18384 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
-26.4%
Return on assets
-22.1%
Age of the figures
33 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-05-2026, 656 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
656 d late
2022
32 d late
2021
368 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-24k▼ 507%
2022 · €-4k
2021: €39khighest in 3 years
2022: €-4k▼ -110% vs 2021
2023: €-24k▼ -507% vs 2022lowest in 3 years
2021 → 2023
Total assets
€93k▼ 19.7%
2022 · €115k
2021: €109k
2022: €115k▲ +6.2% vs 2021highest in 3 years
2023: €93k▼ -19.7% vs 2022lowest in 3 years
2021 → 2023
Net result
€-20k▲ 52.5%
2022 · €-43k
2021: €38khighest in 3 years
2022: €-43k▼ -213% vs 2021lowest in 3 years
2023: €-20k▲ +52.5% vs 2022
2021 → 2023
Working capital
€-47k▼ 75.9%
2022 · €-27k
2021: €16khighest in 3 years
2022: €-27k▼ -264% vs 2021
2023: €-47k▼ -75.9% vs 2022lowest in 3 years
2021 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€39k-€-4k€-24k▼ 507%
2021: €39khighest in 3 years
2022: €-4k▼ -110% vs 2021
2023: €-24k▼ -507% vs 2022lowest in 3 years
Operating result€49k-€-42k€-18k▲ 57.6%
2021: €49khighest in 3 years
2022: €-42k▼ -185% vs 2021lowest in 3 years
2023: €-18k▲ +57.6% vs 2022
Net result€38k-€-43k€-20k▲ 52.5%
2021: €38khighest in 3 years
2022: €-43k▼ -213% vs 2021lowest in 3 years
2023: €-20k▲ +52.5% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2023 against €42k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €93k
Fixed assets
€22k ▼ 1.3%
Current assets
€70k ▼ 24.1%
Key figures and ratios
EBITDA
€-17k▲
2022 · €-41k
Cash flow
€-20k▲
2022 · €-43k
Solvency
-26.4%▼
2022 · -3.5%
Current ratio
0.60▼
2022 · 0.78
Debt to equity
-4.78▲
2022 · -29.58
ROA
-22.1%▲
2022 · -37.3%
Interest coverage
-8.66▲
2022 · -31.03
Debt
€117k▼
2022 · €119k
Debt ≤ 1 year
€117k▼
2022 · €119k
Income taxes
€1k
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 · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€115k€93k▼
Fixed assets21/28€23k€22k▼
Tangible fixed assets22/27€23k€22k▼
Land and buildings22€22k€22k=
Plant, machinery and equipment23€1k€708▼
Current assets29/58€93k€70k▼
Amounts receivable within one year40/41€90k€70k▼
Trade receivables40€49k€21k▼
Other amounts receivable41€41k€50k▲
Cash at bank and in hand54/58-€4
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€115k€93k▼
Equity10/15€-4k€-24k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-5k€-25k▼
Amounts payable17/49€119k€117k▼
Amounts payable within one year42/48€119k€117k▼
Financial debts43€89-
Credit institutions430/8€89-
Trade debts44€73k€66k▼
Suppliers440/4€73k€66k▼
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€11k€13k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€34k€37k▲
Income statement
Code20222023
Remuneration, social security and pensions62€56k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303€303=
Other operating charges640/8€374€197▼
Non-recurring operating charges66A-€300
Gross operating margin9900€15k€-17k▼
Operating profit (loss)9901€-42k€-18k▲
Financial income75/76B-€507
Recurring financial income75-€507
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-43k€-19k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-43k€-20k▲
Profit (loss) for the period to be appropriated9905€-43k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-25k▼
Profit (loss) brought forward from the previous period14P€38k€-5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €107k | €56k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €303 | €303 | = |
| Other operating charges640/8 | €2k | €374 | €197 | ▼ 47.4% |
| Non-recurring operating charges66A | €100 | - | €300 | - |
| Gross operating margin9900 | €159k | €15k | €-17k | ▼ 215% |
| Operating profit (loss)9901 | €49k | €-42k | €-18k | ▲ 57.6% |
| Financial income75/76B | €2k | - | €507 | - |
| Recurring financial income75 | €2k | - | €507 | - |
| Financial charges65/66B | €231 | €1k | €2k | ▲ 50.6% |
| Recurring financial charges65 | €231 | €1k | €2k | ▲ 50.6% |
| Profit (loss) for the period before taxes9903 | €51k | €-43k | €-19k | ▲ 55.4% |
| Income taxes67/77 | €13k | - | €1k | - |
| Profit (loss) for the period9904 | €38k | €-43k | €-20k | ▲ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €38k | €-43k | €-20k | ▲ 52.5% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €109k | €115k | €93k | ▼ 19.7% |
| Fixed assets21/28 | €23k | €23k | €22k | ▼ 1.3% |
| Tangible fixed assets22/27 | €23k | €23k | €22k | ▼ 1.3% |
| Land and buildings22 | €22k | €22k | €22k | = |
| Plant, machinery and equipment23 | €1k | €1k | €708 | ▼ 30.0% |
| Current assets29/58 | €86k | €93k | €70k | ▼ 24.1% |
| Amounts receivable within one year40/41 | €83k | €90k | €70k | ▼ 21.9% |
| Trade receivables40 | €48k | €49k | €21k | ▼ 57.9% |
| Other amounts receivable41 | €35k | €41k | €50k | ▲ 21.1% |
| Cash at bank and in hand54/58 | €658 | - | €4 | - |
| Deferred charges and accrued income490/1 | €3k | €3k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €109k | €115k | €93k | ▼ 19.7% |
| Equity10/15 | €39k | €-4k | €-24k | ▼ 507% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €38k | €-5k | €-25k | ▼ 406% |
| Amounts payable17/49 | €70k | €119k | €117k | ▼ 1.9% |
| Amounts payable within one year42/48 | €70k | €119k | €117k | ▼ 1.9% |
| Financial debts43 | - | €89 | - | - |
| Credit institutions430/8 | - | €89 | - | - |
| Trade debts44 | €62k | €73k | €66k | ▼ 9.5% |
| Suppliers440/4 | €62k | €73k | €66k | ▼ 9.5% |
| Taxes, remuneration and social security45 | €7k | €13k | €14k | ▲ 9.8% |
| Taxes450/3 | €7k | €11k | €13k | ▲ 11.1% |
| Remuneration and social security454/9 | - | €1k | €1k | ▼ 1.3% |
| Other amounts payable47/48 | - | €34k | €37k | ▲ 10.4% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €-43k | €-20k | ▲ 52.5% |
| + Depreciation and write-downs630 | €2k | €303 | €303 | = |
| Operating cash flow (approximation) | €40k | €-43k | €-20k | ▲ 52.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
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
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 656 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 368 days late
2022
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
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, Courcelles · 1 establishment unit since 2020
Ground area
1,062 m²
Building footprint
165 m²
Volume, LiDAR
1,620 m³
2 parcels, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TK CONCEPT
since 20202.309.049.663
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56302D0017/00K004 | Wallonia | 661 m² | 1 · 96 m² | 13.4 m · 4 fl. |
| 52015B0944/00E000 | Wallonia | 401 m² | 1 · 69 m² | 11.8 m · 3 fl. |
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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,796 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
Founded13-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.