TRI CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TRI CONSTRUCT is 1.5% (low). The 2023 annual accounts show equity of €11k and a net result of €-4k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 14% of 9099 sector peers (fiscal year 2023). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.5% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Persistent losses

Two consecutive loss-making years (2022 and 2023); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9099 sector peers (2023).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

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 02-03-2026, 579 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	02-03-2026	579 d late	2026-00048775
31-12-2022	31-07-2023	11-12-2023	133 d late	2023-00527312
31-12-2021	31-07-2022	17-10-2022	78 d late	2022-20467990
31-12-2020	31-07-2021	24-08-2021	24 d late	2021-52400130
31-12-2019	31-07-2020	09-11-2020	101 d late	2020-69700096
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-58100383
31-12-2017	31-07-2018	30-09-2018	61 d late	2018-68100573
31-12-2016	31-07-2017	30-09-2017	61 d late	2017-66400457
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-59100409
31-12-2014	31-07-2015	27-08-2015	27 d late	2015-51200244

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2005, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-4k-41.1%

Working capital€-19k+36.3%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 02-03-2026 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~13%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.0%	38.7%	better than 14% of 9099 sector peers
Net result	€-4k	€12k	better than 13% of 9084 sector peers
Equity	€11k	€30k	better than 24% of 9105 sector peers
Gross operating margin	€22k	€33k	better than 37% of 9074 sector peers
Total assets	€138k	€89k	better than 67% of 9100 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P14

Weakening position over 2020-2023 · n=1633-9099

Net result P13

Weakening position over 2020-2023 · n=1626-9084

Equity P24

Stable position over 2020-2023 · n=1635-9105

Gross operating margin P37

Stable position over 2020-2023 · n=1624-9074

Describes the position versus peers, not a forecast.

EBITDA

€19k

+1019.1% 18-23

Net profit

€-4k

-41.1% 18-23

Cash flow

€12k

+1044.1% 18-23

Total assets

€138k

+48.9% 18-23

Equity

€11k

-26.9% 18-23

Working capital

€-19k

+36.3% 18-23

Income taxes

€1k

+217.3% 18-23

Debt

€127k

+63.7% 18-23

Debt ≤ 1y

€127k

+63.7% 18-23

Debt > 1y

€5k

-51.6% 18-23

Current ratio

0.85

+38.2% 18-23

Quick ratio

0.85

+38.2% 18-23

Solvency

8.0%

-50.9% 18-23

Debt / equity

11.51

+123.9% 18-23

ROE

-36.8%

-93.0% 18-23

ROA

-2.9%

+5.3% 18-23

Interest coverage

3.11

-45.6% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€19k
Net profit	€-4k
Cash flow	€12k
Staff costs	-
Income taxes	€1k
Dividends	-
Total assets	€138k
Equity	€11k
Debt	€127k
of which ≤ 1y	€127k
of which > 1y	-
Working capital	€-19k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.85
Quick ratio	0.85
Working capital ratio	-13.8%
Solvency	8.0%
Debt / equity	11.51
Long-term debt ratio	-
Interest coverage	3.11
Gross margin	-
Net margin	-
ROA	-2.9%
ROE	-36.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €30k · 21.8% Current assets €108k · 78.2%

Equity & liabilities

Equity €11k · 8.0% Debt €127k · 92.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€138k
Fixed assets	21/28	€30k
Tangible fixed assets	22/27	€29k
Financial fixed assets	28	€580
Current assets	29/58	€108k
Amounts receivable within one year	40/41	€106k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€138k
Equity	10/15	€11k
Contributions / capital	10/11	€12k
Accumulated profits (losses)	14	€-717
Amounts payable	17/49	€127k
Amounts payable within one year	42/48	€127k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€22k
Operating result	9901	€3k
Financial income	75	€0
Financial charges	65	€6k
Result before taxes	9903	€-3k
Income taxes	67/77	€1k
Net result for the period	9904	€-4k
Result to be appropriated	9905	€-4k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

25 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rijkendalstraat 81/0011853 Grimbergen

Establishment units

1 location

TRI CONSTRUCT

Rijkendalstraat 81, 1853 Grimbergenhet ruimen van bouwterreinen

since 20052.147.947.907

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area141 m²

Buildings1

Building footprint77 m²

Volume (LiDAR)724 m³

Tallest building10.3 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23084A0399/00S007	Flanders	141 m²	1 · 77 m²	10.3 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

43 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 0

Solvency 13

Growth 78

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 925 of the 8,410 companies in this sector. 687 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Grondverzet45112Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Overige gespecialiseerde werkzaamheden in de bouw45250

Primary activity highlighted.

Names & trade names

Legal nameFR

TRI CONSTRUCT

Registered office

Rijkendalstraat 81/001

1853 Grimbergen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.