N.D.W.
ActiveN.D.W. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €190k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+31
Solvency57▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.5 in 2024; short-term debt: 38.2% and cash: 2.2% of total assets), but 67.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.3%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
5 d early
2022
77 d late
2021
1 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.47M▲ 14.8%
2024 · €1.28M
2018: €1.05M
2019: €1.26M
2020: €1.10M
2021: €1.51M
2022: €1.66M
2023: €1.44M
2024: €1.28M
2018 → 2025
Total assets
€4.55M▲ 4.9%
2024 · €4.34M
2018: €2.49M
2019: €2.97M
2020: €3.62M
2021: €3.60M
2022: €4.32M
2023: €5.23M
2024: €4.34M
2018 → 2025
Net result
€190k▲ 42,454%
2024 · €446
2018: €163k
2019: €214k
2020: €-161k
2021: €404k
2022: €152k
2023: €-216k
2024: €446
2018 → 2025
Working capital
€1.08M▲ 18.6%
2024 · €907k
2018: €1.01M
2019: €1.05M
2020: €736k
2021: €814k
2022: €957k
2023: €545k
2024: €907k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€1.66M▲ 10.1%€1.44M▼ 13.1%€1.28M▼ 11.3%€1.47M▲ 14.8%
Operating result€340k-€220k▼ 35.1%€-101k€-305k▼ 203%€242k
Net result€404k-€152k▼ 62.4%€-216k€446€190k▲ 42,454%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €242k after a loss of €305k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.55M
Fixed assets
€1.73M▲ 8.2%
Current assets
€2.81M▲ 2.9%
Equity and liabilities €4.55M
Equity
€1.47M▲ 14.8%
Debt
€3.08M▲ 0.7%
The debt ratio falls from 70.5% to 67.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€321k▲
2024 · €-185k
Cash flow
€268k▲
2024 · €120k
Solvency
32.3%▲
2024 · 29.5%
Current ratio
1.62▲
2024 · 1.50
Quick ratio
1.32▲
2024 · 1.21
Debt / equity
2.10▼
2024 · 2.39
ROE
12.9%▲
2024 · 0.0%
ROA
4.2%▲
2024 · 0.0%
Interest coverage
3.17▲
2024 · -1.52
Debt
€3.08M▲
2024 · €3.06M
Debt ≤ 1 year
€1.74M▼
2024 · €1.83M
Debt > 1 year
€1.31M▲
2024 · €1.20M
Income taxes
€2k▼
2024 · €3k
Staff costs
€1.74M▼
2024 · €2.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.34M€4.55M▲
Fixed assets21/28€1.60M€1.73M▲
Tangible fixed assets22/27€498k€567k▲
Plant, machinery and equipment23€339k€447k▲
Furniture and vehicles24€67k€43k▼
Other tangible fixed assets26€92k€77k▼
Financial fixed assets28€1.10M€1.17M▲
Current assets29/58€2.74M€2.81M▲
Stocks and contracts in progress3€526k€514k▼
Stocks30/36€259k€376k▲
Contracts in progress37€266k€138k▼
Amounts receivable within one year40/41€1.55M€2.09M▲
Trade receivables40€1.21M€1.74M▲
Other amounts receivable41€336k€351k▲
Cash at bank and in hand54/58€602k€100k▼
Deferred charges and accrued income490/1€60k€105k▲
Equity and liabilities
Total equity and liabilities10/49€4.34M€4.55M▲
Equity10/15€1.28M€1.47M▲
Contributions10/11€19k€19k=
Reserves13€1.26M€1.45M▲
Distributable reserves133€1.26M€1.45M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€3.06M€3.08M▲
Amounts payable after more than one year17€1.20M€1.31M▲
Financial debts170/4€1.20M€1.31M▲
Amounts payable within one year42/48€1.83M€1.74M▼
Current portion of amounts payable after more than one year42€170k€160k▼
Financial debts43€177k€106k▼
Credit institutions430/8€177k€106k▼
Trade debts44€1.13M€1.03M▼
Suppliers440/4€1.13M€1.03M▼
Advances received on contracts in progress46€0€80k▲
Taxes, remuneration and social security45€228k€220k▼
Taxes450/3€43k€73k▲
Remuneration and social security454/9€185k€147k▼
Other amounts payable47/48€121k€139k▲
Accrued charges and deferred income492/3€34k€28k▼
Income statement
Code20242025
Non-recurring operating income76A€48k€18k▼
Remuneration, social security and pensions62€2.00M€1.74M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€78k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€-53k▼
Other operating charges640/8€55k€167k▲
Non-recurring operating charges66A€0€80k▲
Gross operating margin9900€1.89M€2.25M▲
Operating profit (loss)9901€-305k€242k▲
Financial income75/76B€430k€50k▼
Recurring financial income75€430k€50k▼
Financial charges65/66B€122k€101k▼
Recurring financial charges65€122k€101k▼
Profit (loss) for the period before taxes9903€3k€192k▲
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€446€190k▲
Profit (loss) for the period to be appropriated9905€446€190k▲
Appropriation of the result
Profit (loss) to be appropriated9906€446€190k▲
Transfer from equity791/2€163k€0▼
Transfer to equity691/2€446€190k▲
To other reserves6921€446€190k▲
Profit to be distributed694/7€163k€0▼
Return on contributions (dividend)694€163k€0▼
Social balance
Average headcount (FTE)908730.426.5▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €446
Net result €446 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-216k ▼242%
Net result drops to €-216k, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 77 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €404k
Net result €404k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Machelen (Brab.) · 1 establishment unit since 2002
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.
Beaulieustraat 61830 Machelen (Brab.)Ground area
1.1 ha
Building footprint
1,328 m²
Volume, LiDAR
9,751 m³
Parcel 23047A0435/00Y011, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Beaulieustraat 6, 1830 Machelen (Brab.)
since 20022.100.643.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0435/00Y011 | Flanders | 1.1 ha | 1 · 1,328 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,108 EUR awarded · 5,159 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,704 EUR | 1,704 EUR |
| 2024 | 1 | 1,475 EUR | 1,475 EUR |
| 2023 | 1 | 1,846 EUR | 1,932 EUR |
| 2022 | 1 | 83 EUR | 48 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 3,626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2002
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43320Joinery installation
45422
82990Other business support services
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43332Laying of wooden floor and wall coverings
43341Painting of buildings
43410Roofing work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.