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NADED CONSTRUCT

Active
Private limited companyfounded 20224 yrs activeLeuvensestraat 93, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0784.713.964
Summary

The computed 12-month bankruptcy probability of NADED CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €36,595 and a net result of €29,897. Equity is growing by ~267.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 9975 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency85▼-15
Growth85▲+7
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 4.7 in 2023; short-term debt: 39.7% and cash: 3.4% of total assets), and 39.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-10-2025, 66 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
66 d late
2023
150 d late
2022
442 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 219 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

History

NADED CONSTRUCT was incorporated on 11 April 2022 as a Private limited company.1 Revenue grew from EUR 33,749 in 2022 to EUR 235,742 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€235,742▲ 599%
2022 · €33,749
EBIT margin
15.5%▲ 13.1pp
2022 · 2.4%
Net result
€29,897▲ 403%
2023 · €5,947
Working capital
€35,646▲ 432%
2023 · €6,698
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€33,749-€235,742
Operating result€824-€7,769▲ 843%€36,530▲ 370%
Net result€751within the sector's middle half-€5,947within the sector's middle half▲ 692%€29,897above the sector's middle half▲ 403%
EBIT margin2.4%-15.5%
Equity€751below the sector's middle half-€6,698below the sector's middle half▲ 792%€36,595within the sector's middle half▲ 446%
Total assets€8,262below the sector's middle half-€8,506below the sector's middle half▲ 3.0%€60,727within the sector's middle half▲ 614%
Debt€7,511-€1,808▼ 75.9%€24,131▲ 1,234%
Working capital€751below the sector's middle half-€6,698within the sector's middle half▲ 792%€35,646within the sector's middle half▲ 432%
Solvency9.1%below the sector's middle half-78.7%above the sector's middle half▲ 69.7pp60.3%within the sector's middle half▼ 18.5pp
Current ratio1.10within the sector's middle half-4.70above the sector's middle half▲ 3.602.48within the sector's middle half▼ 2.23
Return on assets (ROA)9.1%within the sector's middle half-69.9%above the sector's middle half▲ 60.8pp49.2%above the sector's middle half▼ 20.7pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2022: €824€824Net result 2022: €751€751Operating result 2023: €7,769€7,769Net result 2023: €5,947€5,947Operating result 2024: €36,530€36,530Net result 2024: €29,897€29,897202220232024€0€10,000€20,000€30,000€40,000Operating result 2022: €824€824Net result 2022: €751€751Operating result 2023: €7,769€7,770Net result 2023: €5,947€5,950Operating result 2024: €36,530€36,500Net result 2024: €29,897€29,900202220232024
The operating result has risen two years in a row; 2024 is 370% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60,727
Fixed assets €949
Current assets €59,777
Equity and liabilities €60,727
Equity €36,595 ▲ 446%
Debt €24,131 ▲ 1,234%
Debt's share of the balance-sheet total rises from 21.3% to 39.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€36,832
Cash flow
€30,199
Debt to equity
0.66▲
2023 · 0.27
ROE
81.7%▼
2023 · 88.8%
Interest coverage
195.81
Debt ≤ 1 year
€24,131▲
2023 · €1,808
Income taxes
€7,325▲
2023 · €1,674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€8,506€60,727▲
Fixed assets21/28-€949
Tangible fixed assets22/27-€949
Furniture and vehicles24-€949
Current assets29/58€8,506€59,777▲
Amounts receivable within one year40/41€8,506€57,732▲
Trade receivables40€8,167€30,642▲
Other amounts receivable41€339€27,090▲
Cash at bank and in hand54/58-€2,045
Equity and liabilities
Total equity and liabilities10/49€8,506€60,727▲
Equity10/15€6,698€36,595▲
Profit (loss) carried forward14€6,698€36,595▲
Amounts payable17/49€1,808€24,131▲
Amounts payable within one year42/48€1,808€24,131▲
Financial debts43€134-
Credit institutions430/8€134-
Trade debts44-€15,132
Suppliers440/4-€15,132
Taxes, remuneration and social security45€1,674€8,999▲
Taxes450/3€1,674€8,999▲
Income statement Code20232024
Turnover70-€235,742
Goods, raw materials, services and sundry goods60/61-€198,790
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€302
Other operating charges640/8-€120
Gross operating margin9900€7,769€36,952▲
Operating profit (loss)9901€7,769€36,530▲
Financial income75/76B€20€880▲
Recurring financial income75€20€880▲
Financial charges65/66B€167€188▲
Recurring financial charges65€167€188▲
Profit (loss) for the period before taxes9903€7,622€37,222▲
Income taxes67/77€1,674€7,325▲
Profit (loss) for the period9904€5,947€29,897▲
Profit (loss) for the period to be appropriated9905€5,947€29,897▲
Appropriation of the result
Profit (loss) to be appropriated9906€6,698€36,595▲
Profit (loss) brought forward from the previous period14P€751€6,698▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€33,749-€235,742-
Goods, raw materials, services and sundry goods60/61€32,925-€198,790-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€302-
Other operating charges640/8--€120-
Gross operating margin9900€824€7,769€36,952▲ 376%
Operating profit (loss)9901€824€7,769€36,530▲ 370%
Financial income75/76B-€20€880▲ 4,302%
Recurring financial income75-€20€880▲ 4,302%
Financial charges65/66B€73€167€188▲ 12.6%
Recurring financial charges65€73€167€188▲ 12.6%
Profit (loss) for the period before taxes9903€751€7,622€37,222▲ 388%
Income taxes67/77-€1,674€7,325▲ 337%
Profit (loss) for the period9904€751€5,947€29,897▲ 403%
Profit (loss) for the period to be appropriated9905€751€5,947€29,897▲ 403%
Line202220232024Change
Assets
Total assets20/58€8,262€8,506€60,727▲ 614%
Fixed assets21/28--€949-
Tangible fixed assets22/27--€949-
Furniture and vehicles24--€949-
Current assets29/58€8,262€8,506€59,777▲ 603%
Amounts receivable within one year40/41€8,262€8,506€57,732▲ 579%
Trade receivables40€8,167€8,167€30,642▲ 275%
Other amounts receivable41€95€339€27,090▲ 7,886%
Cash at bank and in hand54/58--€2,045-
Equity and liabilities
Total equity and liabilities10/49€8,262€8,506€60,727▲ 614%
Equity10/15€751€6,698€36,595▲ 446%
Profit (loss) carried forward14€751€6,698€36,595▲ 446%
Amounts payable17/49€7,511€1,808€24,131▲ 1,234%
Amounts payable within one year42/48€7,511€1,808€24,131▲ 1,234%
Financial debts43€2,051€134--
Credit institutions430/8€2,051€134--
Trade debts44€545-€15,132-
Suppliers440/4€545-€15,132-
Taxes, remuneration and social security45€4,915€1,674€8,999▲ 437%
Taxes450/3-€1,674€8,999▲ 437%
Remuneration and social security454/9€4,915---
Line202220232024Change
Profit (loss) for the period9904€751€5,947€29,897▲ 403%
+ Depreciation and write-downs630--€302-
Operating cash flow (approximation)€751€5,947€30,199▲ 408%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
05-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 66 days late
2024
31-12
Financial Highest result since 2022net €29,897 ▲403%
Operating result €36,530, net result €29,897, both a record.
28-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 150 days late
15-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 442 days late
2023
31-12
Financial Liquidity quadruplescurrent ratio 4.70
Current ratio from 1.10 to 4.70; short-term debt falls from €7,511 to €1,808.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Vilvoorde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
573 m²
Building footprint
227 m²
Volume, LiDAR
2,225 m³
Parcel 23642D0881/00K002, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
29 companies at this address See who is registered here
1 establishment unit
NADED CONSTRUCT
Leuvensestraat 93, 1800 VilvoordeGeneral construction of buildings
since 20222.331.508.430
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23642D0881/00K002 Flanders 573 m² 1 · 227 m² 14.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,743 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784713964
Also 9925:BE0784713964
Registered 12-05-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.