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N.D. BAT

Active
Limited partnershipfounded 201412 yrs activeNieuwelaan 91, 1040 Etterbeek, BelgiumKBO/BCE: BE 0547.598.454
Summary

N.D. BAT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,924 and a net result of €30,520. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 32341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
N.D. BATActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990NACE 43999
1 site
Size
€57,153total assets 2025
Equity
€11,924
Profit
€30,520
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Accounts filed 49 d late0 of 16 deeds read
Why 67- Latest accounts 49 days late; 2 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Legal form Limited partnership+ Founded in 2014Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 37% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 46+3
equity 20.9% of total assets
Liquidity 38-1
short-term debt 59.7% · cash 15.3%
Profitability 100+17
return on assets 53.4%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● 0.0% vs 11-2024 01-2025: 1.7%▼ -0.2% vs 12-2024 02-2025: 1.8%▲ +6.5% vs 01-2025highest value 03-2025: 1.8%▼ -2.2% vs 02-2025 04-2025: 1.7%▼ -3.0% vs 03-2025 05-2025: 1.7%▼ -3.4% vs 04-2025 06-2025: 1.6%▼ -4.6% vs 05-2025 07-2025: 1.6%▲ +2.0% vs 06-2025 08-2025: 1.8%▲ +11.2% vs 07-2025 09-2025: 0.7%▼ -63.1% vs 08-2025 10-2025: 0.7%● 0.0% vs 09-2025 11-2025: 0.7%● 0.0% vs 10-2025 12-2025: 0.5%▼ -22.2% vs 11-2025 01-2026: 0.5%▼ -1.7% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.5%▼ -1.6% vs 02-2026 04-2026: 0.5%▲ +0.2% vs 03-2026 05-2026: 0.5%▼ -3.4% vs 04-2026 06-2026: 0.5%▼ -2.5% vs 05-2026 07-2026: 0.5%▼ -0.4% vs 06-2026lowest value 08-2026: 0.7%▲ +40.2% vs 07-2026 09-2026: 0.8%▲ +18.9% vs 08-2026 10-2026: 0.8%▲ +3.6% vs 09-2026
  • Latest accounts 49 days late; 2 of the last 3 late raises the probability
  • Legal form Limited partnership lowers the probability
  • Founded in 2014 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.7 against 1.09 in 2024; short-term debt: 59.7% and cash: 15.3% of total assets), and 79.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 22%, liquidity 27%, profitability 93%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 49 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Legal form Limited partnership
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Founded in 2014
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 32341 sector peers (2025).
NBB · sector comparison
Position among 32341 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 10 filings
Deviation from the deadline
2025
49 d late
2024
18 d late
2023
43 d late
2022
87 d late
2021
9 d late
2020
31 d late
2019
19 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 September (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2018net €30,520 ▲70.3%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Among the weakest 18% on equitysector median €58,261 · 32,352 companies €11,924 View
  • Total assets 20256 fiscal years filed €57,153 View
  • Active since 2014founded 03-03-2014 12 years View

By topic

Financials

Fiscal year
2025
Total assets
€57,153
Profit
€30,520
Solvency
20.9%
Total assets▼ 63.9%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 18-09-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 18-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Limited partnership
Activity
Other specialised construction activitiesNACE 43990
Founded
03-03-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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