ACTIVE

TK CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

164,1 k €

-41.3% YoY

Gross margin

329,2 k €

-10.3% YoY

Equity

833,6 k €

+24.5% YoY

Workforce

1,1 ETP

+57.1% YoY

What does TK CONSTRUCT do?

TK CONSTRUCT is a Private limited company incorporated in 1992. Its registered office is in Zele. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.631.847

Incorporation

13/02/1992

Legal form

Private limited company

Registered office

Avermaat 111
9240 Zele · FlandreSee on map

Contributed capital

14 156,81 €

Latest accounts

31/12/2025

Average workforce

1,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	329,2 k €	-10.3%	366,9 k €	+106%	178,2 k €	-41.4%	304,3 k €	+71.8%	177,2 k €	+55.0%	114,3 k €	-68.3%	360,5 k €	+417%	69,7 k €	-69.5%	228,7 k €	-12.5%	261,4 k €	-32.4%	386,5 k €	+8.8%	355,3 k €	+21.1%	293,4 k €	-48.0%	564,0 k €	+52.2%	370,7 k €	+89.0%	196,1 k €	-14.8%	230,1 k €	-56.2%	525,8 k €	+7.0%	491,2 k €
EBITDA	259,9 k €	-21.8%	332,5 k €	+165%	125,6 k €	-48.5%	244,0 k €	+163%	92,7 k €	+16370%	563,0 €	-99.7%	223,9 k €	+675%	-38,9 k €	+57.3%	-91,2 k €	-48.0%	-61,6 k €	-237%	45,1 k €	+425%	-13,9 k €	+89.5%	-132,0 k €	-189%	147,6 k €	+911%	14,6 k €	+111%	-128,9 k €	-160%	-49,6 k €	-129%	170,5 k €	-0.1%	170,7 k €
Operating result	226,0 k €	-26.4%	307,1 k €	+193%	105,0 k €	-51.2%	215,1 k €	+167%	80,4 k €	+716%	-13,0 k €	-106%	208,9 k €	+463%	-57,6 k €	+48.5%	-111,9 k €	-26.6%	-88,4 k €	-855%	11,7 k €	+122%	-53,9 k €	+69.7%	-178,0 k €	-310%	84,8 k €	+332%	-36,6 k €	+81.0%	-192,8 k €	-78.4%	-108,1 k €	-195%	114,1 k €	-7.0%	122,7 k €
Net result	164,1 k €	-41.3%	279,3 k €	+197%	93,9 k €	-53.4%	201,5 k €	+167%	75,5 k €	+629%	-14,3 k €	-107%	195,3 k €	+365%	-73,7 k €	+41.5%	-126,0 k €	-23.1%	-102,4 k €	-3990%	2,6 k €	+102%	-152,4 k €	+24.4%	-201,5 k €	-421%	62,8 k €	+220%	-52,4 k €	+73.9%	-200,4 k €	-69.9%	-118,0 k €	-242%	82,9 k €	-4.4%	86,7 k €
Balance sheet
Equity	833,6 k €	+24.5%	669,5 k €	+71.6%	390,2 k €	+31.7%	296,3 k €	+213%	94,8 k €	+50.9%	62,8 k €	-18.5%	77,1 k €	-5.8%	81,8 k €	+284%	-44,5 k €	-155%	81,5 k €	-55.7%	184,0 k €	+1.5%	181,3 k €	-45.7%	333,8 k €	-37.6%	535,3 k €	+13.3%	472,5 k €	-10.0%	524,9 k €	-27.6%	725,3 k €	-14.0%	843,3 k €	+10.9%	760,4 k €
Total assets	1,0 M €	+19.9%	849,0 k €	+33.0%	638,2 k €	-0.2%	639,7 k €	+65.9%	385,5 k €	+241%	113,0 k €	-9.0%	124,1 k €	-80.1%	624,0 k €	+27.0%	491,2 k €	-9.7%	544,0 k €	-13.2%	627,0 k €	-12.0%	712,1 k €	-29.7%	1,0 M €	-8.0%	1,1 M €	-6.0%	1,2 M €	+10.5%	1,1 M €	+9.6%	966,5 k €	-16.7%	1,2 M €	+8.5%	1,1 M €
Cash	722,4 k €	+62.6%	444,2 k €	+37.4%	323,3 k €	+18.1%	273,8 k €	+33.2%	205,5 k €	+1975%	9,9 k €	+27.0%	7,8 k €	+252%	2,2 k €	+180%	790,0 €	-95.7%	18,5 k €	+72.6%	10,7 k €	-78.3%	49,4 k €	+5325%	910,0 €	-98.7%	71,3 k €	+6150%	1,1 k €	-98.4%	72,0 k €	+1618%	4,2 k €	-90.5%	44,1 k €		–
Debts	158,7 k €	-11.0%	178,3 k €	-27.4%	245,7 k €	-28.3%	342,9 k €	+18.4%	289,7 k €	+477%	50,2 k €	+6.6%	47,1 k €	-91.3%	539,2 k €	+0.8%	534,7 k €	+15.6%	462,5 k €	+4.4%	443,0 k €	-16.5%	530,7 k €	-21.8%	678,6 k €	+20.1%	565,2 k €	-19.1%	698,5 k €	+30.7%	534,5 k €	+122%	241,1 k €	-23.7%	316,2 k €	+2.7%	307,9 k €
Other
Workforce	1,1 ETP	+57.1%	0,7 ETP	-30.0%	1,0 ETP		–		–		–		–		–		–		–		6,6 ETP	-4.3%	6,9 ETP	-22.5%	8,9 ETP	-3.3%	9,2 ETP	+24.3%	7,4 ETP	+13.8%	6,5 ETP	0.0%	6,5 ETP	-18.8%	8,0 ETP	+6.7%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Kimberly Waeterschoot

Director

Active

Thomas Kint

Director

Active

Ended mandates

Kimberly Waeterschoot

Director · since 04 juin 2021

Ended

Thomas Kint

Director · since 04 juin 2021

Ended

Dimitri Waeterschoot

Manager

Ended

Gilbert Waeterschoot

Director · until 04 juin 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	16/06/2025	28/05/2024	03/07/2023	11/07/2022	24/06/2021
General meeting	19/06/2026	02/06/2025	23/05/2024	30/06/2023	30/06/2022	03/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	23/05/2024	28/05/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	11/07/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	24/06/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	28/06/2020	Dutch	PDF
Micro model	31/12/2018	06/05/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	07/05/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	02/05/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	19/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Kimberly Waeterschoot

Director

Active

Thomas Kint

Director

Active

Ended mandates

Kimberly Waeterschoot

Director · since 04 juin 2021

Ended

Thomas Kint

Director · since 04 juin 2021

Ended

Dimitri Waeterschoot

Manager

Ended

Gilbert Waeterschoot

Director · until 04 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other12/08/2013
DIVERSEN
PDF
Other04/01/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/06/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025164,1 k €↓
2024
Annual accounts 2024279,3 k €↑
2023
Annual accounts 202393,9 k €↓
2022
Annual accounts 2022201,5 k €↑
2021
Annual accounts 202175,5 k €↑
2020
Annual accounts 2020-14,3 k €↓
2020
Name changeTK Construct
2019
Annual accounts 2019195,3 k €↑
2018
Annual accounts 2018-73,7 k €↑
2017
Annual accounts 2017-126,0 k €↓
2016
Annual accounts 2016-102,4 k €↓
2015
Annual accounts 20152,6 k €↑
2014
Annual accounts 2014-152,4 k €↑
2013
Annual accounts 2013-201,5 k €↓
2012
Annual accounts 201262,8 k €↑
2011
Annual accounts 2011-52,4 k €↑
2010
Annual accounts 2010-200,4 k €↓
2009
Annual accounts 2009-118,0 k €↓
2008
Annual accounts 200882,9 k €↓
2007
Annual accounts 200786,7 k €
2007
Name changeWaeterschoot G. en W.
13/02/1992
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TK CONSTRUCT

Overview

What does TK CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline