TK CONSTRUCTIONS
ActiveSummary
The computed 12-month bankruptcy probability of TK CONSTRUCTIONS is 3.0% (moderate). For TK CONSTRUCTIONS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €81,271 and a net result of €39,335. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 33672 sector peers (fiscal year 2023). The company has been active since 2015 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
Profitability96▲+10
Solvency70▲+23
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
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
45.4%
Return on assets
21.9%
Age of the figures
39 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 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 · 8 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 15-04-2024, 75 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 · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
75 d late
2022
62 d late
2021
on the day
2020
3 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 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 (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€81,271▲ 93.8%
2022 · €41,936
Total assets
€179,206▼ 5.4%
2022 · €189,523
Net result
€39,335▲ 54.3%
2022 · €25,487
Working capital
€73,317▲ 124%
2022 · €32,753
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
Line20192020202120222023
Operating result€6,247--€31,351-€11,522▲ 63.2%€24,205€55,089▲ 128%
Net result€1,609--€32,049-€8,397▲ 73.8%€25,487€39,335▲ 54.3%
Equity€56,895-€24,846▼ 56.3%€16,449▼ 33.8%€41,936▲ 155%€81,271▲ 93.8%
Total assets€384,945-€117,416▼ 69.5%€122,320▲ 4.2%€189,523▲ 54.9%€179,206▼ 5.4%
Debt€328,050-€92,570▼ 71.8%€104,371▲ 12.7%€146,086▲ 40.0%€96,435▼ 34.0%
Working capital€55,703-€18,087▼ 67.5%€16,128▼ 10.8%€32,753▲ 103%€73,317▲ 124%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 128% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €179,206
Fixed assets
€10,075 ▼ 33.0%
Current assets
€169,131 ▼ 3.1%
Equity and liabilities €179,206
Equity
€81,271 ▲ 93.8%
Provisions
€1,500 =
Debt
€96,435 ▼ 34.0%
Debt's share of the balance-sheet total falls from 77.1% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,047▲
2022 · €26,750
Cash flow
€44,293▲
2022 · €28,033
Current ratio
1.77▲
2022 · 1.23
Debt to equity
1.19▼
2022 · 3.48
ROE
48.4%▼
2022 · 60.8%
ROA
21.9%▲
2022 · 13.4%
Interest coverage
169.63▲
2022 · 36.82
Debt ≤ 1 year
€95,815▼
2022 · €141,736
Income taxes
€15,400▲
2022 · -€383
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €656 | €928 | €2,171 | €2,546 | €4,959 | ▲ 94.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,601 | - | - |
| Other operating charges640/8 | - | - | - | €1,963 | €779 | ▼ 60.3% |
| Gross operating margin9900 | €8,983 | -€27,964 | -€5,218 | €31,313 | €60,827 | ▲ 94.3% |
| Operating profit (loss)9901 | €6,247 | -€31,351 | -€11,522 | €24,205 | €55,089 | ▲ 128% |
| Financial income75/76B | - | - | - | €1,626 | - | - |
| Recurring financial income75 | €3,944 | €4,313 | €5,307 | €1,626 | - | - |
| Financial charges65/66B | - | - | - | €726 | €354 | ▼ 51.3% |
| Recurring financial charges65 | €7,204 | €5,070 | €1,023 | €726 | €354 | ▼ 51.3% |
| Profit (loss) for the period before taxes9903 | €2,987 | -€32,107 | -€7,238 | €25,104 | €54,735 | ▲ 118% |
| Income taxes67/77 | €1,378 | -€58 | €1,159 | -€383 | €15,400 | ▲ 4,119% |
| Profit (loss) for the period9904 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,945 | €117,416 | €122,320 | €189,523 | €179,206 | ▼ 5.4% |
| Fixed assets21/28 | €1,547 | €8,471 | €7,228 | €15,033 | €10,075 | ▼ 33.0% |
| Tangible fixed assets22/27 | €1,547 | €8,471 | €7,228 | €15,033 | €10,075 | ▼ 33.0% |
| Plant, machinery and equipment23 | - | - | - | €6,725 | €4,427 | ▼ 34.2% |
| Furniture and vehicles24 | - | - | - | €7,517 | €4,943 | ▼ 34.2% |
| Other tangible fixed assets26 | - | - | - | €791 | €704 | ▼ 10.9% |
| Current assets29/58 | €383,398 | €108,946 | €115,092 | €174,489 | €169,131 | ▼ 3.1% |
| Stocks and contracts in progress3 | €280,234 | - | - | €78,921 | - | - |
| Contracts in progress37 | - | - | - | €78,921 | - | - |
| Amounts receivable within one year40/41 | €74,632 | €88,925 | €105,524 | €86,517 | €111,735 | ▲ 29.1% |
| Trade receivables40 | - | - | - | €47,835 | €95,535 | ▲ 99.7% |
| Other amounts receivable41 | - | - | - | €38,682 | €16,199 | ▼ 58.1% |
| Cash at bank and in hand54/58 | €14,232 | €11,749 | €9,568 | €957 | €56,624 | ▲ 5,818% |
| Deferred charges and accrued income490/1 | - | - | - | €8,094 | €773 | ▼ 90.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,945 | €117,416 | €122,320 | €189,523 | €179,206 | ▼ 5.4% |
| Equity10/15 | €56,895 | €24,846 | €16,449 | €41,936 | €81,271 | ▲ 93.8% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €37,860 | €5,860 | €1,860 | €1,860 | €61,860 | ▲ 3,226% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Other1319 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €60,000 | - |
| Profit (loss) carried forward14 | €435 | €386 | -€4,011 | €21,476 | €811 | ▼ 96.2% |
| Provisions and deferred taxes16 | - | - | €1,500 | €1,500 | €1,500 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €1,500 | €1,500 | = |
| Other liabilities and charges164/5 | - | - | - | €1,500 | €1,500 | = |
| Amounts payable17/49 | €328,050 | €92,570 | €104,371 | €146,086 | €96,435 | ▼ 34.0% |
| Amounts payable within one year42/48 | €327,695 | €90,859 | €98,964 | €141,736 | €95,815 | ▼ 32.4% |
| Trade debts44 | €36,858 | €38,441 | €59,823 | €98,128 | €65,335 | ▼ 33.4% |
| Suppliers440/4 | - | - | - | €98,128 | €65,335 | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,559 | €17,959 | ▲ 602% |
| Taxes450/3 | - | - | - | €2,559 | €17,959 | ▲ 602% |
| Other amounts payable47/48 | - | - | - | €41,049 | €12,521 | ▼ 69.5% |
| Accrued charges and deferred income492/3 | - | - | - | €4,350 | €620 | ▼ 85.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,609 | -€32,049 | -€8,397 | €25,487 | €39,335 | ▲ 54.3% |
| + Depreciation and write-downs630 | €656 | €928 | €2,171 | €2,546 | €4,959 | ▲ 94.8% |
| Operating cash flow (approximation) | €2,265 | -€31,121 | -€6,226 | €28,033 | €44,293 | ▲ 58.0% |
| Investment in fixed assets (approximation) | - | -€7,852 | -€928 | -€10,351 | €0 | ▲ 100% |
| Change in cash | - | -€2,483 | -€2,181 | -€8,611 | €55,667 | ▲ 746% |
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
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
30-06
Financial
Highest result since 2019net €39,335 ▲54.3%
Operating result €55,089, net result €39,335, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 62 days late
2022
30-06
Financial
Back to profitnet €25,487
Net result €25,487 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€32,049
Net result drops to -€32,049, the lowest in the series; recovery starts the following year.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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, Sint-Jans-Molenbeek · 1 establishment unit since 2015
Ground area
198 m²
Building footprint
95 m²
Volume, LiDAR
1,106 m³
Parcel 21524C0185/00K000, Brussels · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TK CONSTRUCTIONS
since 20152.248.039.930
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0185/00K000 | Brussels | 198 m² | 1 · 95 m² | 13.3 m · 4 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,227 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
Founded02-10-2015
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.