N-CO PROJECTS
The computed 12-month bankruptcy probability of N-CO PROJECTS is 3.4% (moderate). The 2024 annual accounts show negative equity (€-2k) and a net result of €3k. Equity is shrinking by ~82.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-2k |
| Net result | €3k |
| Active | 5 yrs |
| Locations | 1 |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €11k |
| Net profit | €3k |
| Cash flow | €11k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €355k |
| Equity | €-2k |
| Debt | €356k |
| of which ≤ 1y | €356k |
| of which > 1y | - |
| Working capital | €-335k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.06 |
| Quick ratio | 0.06 |
| Working capital ratio | -94.5% |
| Solvency | -0.4% |
| Debt / equity | -229.24 |
| Long-term debt ratio | - |
| Interest coverage | 96.06 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.9% |
| ROE | -214.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €355k |
| Fixed assets | 21/28 | €334k |
| Tangible fixed assets | 22/27 | €334k |
| Current assets | 29/58 | €21k |
| Cash & bank | 54/58 | €21k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €355k |
| Equity | 10/15 | €-2k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-8k |
| Amounts payable | 17/49 | €356k |
| Amounts payable within one year | 42/48 | €356k |
| Income statement | ||
| Gross operating margin | 9900 | €13k |
| Operating result | 9901 | €3k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €119 |
| Result before taxes | 9903 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 01-04-2021 |
| Status | Active |
| Postal code | 2340 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004E0001/00Y049 | Flanders | 3,321 m² | 1 · 328 m² | 7.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-06-2025 Nico Geys resigns as director
- Nico Geys, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Nico Geys",
"address": "2340 Beerse Rouwleegd 33",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2025-04-30",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Nico Geys, met woonplaats te 2340 Beerse Rouwleegd 33, als niet-statutaire bestuurder, en dit met ingang op 30/04/2025. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2025-06-17",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-05-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0765.993.756",
"name_full": "N-CO PROJECTS",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Marleen Jochems",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | N-CO PROJECTS |