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NADORCONSTRUCT

Active
Private limited companyfounded 20214 yrs activeRue de la Hamaide(T) 117, 7333 Saint-Ghislain, BelgiumKBO/BCE: BE 0775.511.436
Summary

The computed 12-month bankruptcy probability of NADORCONSTRUCT is 2.7% (moderate). The 2024 annual accounts show equity of €15,252 and a net result of €8,461. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability97▲+97
Solvency66▲+5
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.22 in 2023; short-term debt: 59.3% and cash: 27.7% of total assets), but 59.3% of the assets are financed with debt.
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Signals

Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
40.7%
Return on assets
22.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
57 d late
2022
61 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 60 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

NADORCONSTRUCT was incorporated on 8 October 2021 as a Private limited company.1 Total assets rose from EUR 28,064 in 2022 to EUR 37,501 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

Equity
€15,252▲ 125%
2023 · €6,792
Total assets
€37,501▲ 100%
2023 · €18,746
Net result
€8,461
2023 · -€6,419
Working capital
€14,012▲ 443%
2023 · €2,581
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
Operating result€10,393--€6,297€9,352
Net result€8,211within the sector's middle half--€6,419below the sector's middle half€8,461within the sector's middle half
Equity€13,211below the sector's middle half-€6,792below the sector's middle half▼ 48.6%€15,252within the sector's middle half▲ 125%
Total assets€28,064below the sector's middle half-€18,746below the sector's middle half▼ 33.2%€37,501below the sector's middle half▲ 100%
Debt€14,853-€11,954▼ 19.5%€22,248▲ 86.1%
Working capital€5,427within the sector's middle half-€2,581within the sector's middle half▼ 52.4%€14,012within the sector's middle half▲ 443%
Solvency47.1%within the sector's middle half-36.2%within the sector's middle half▼ 10.8pp40.7%within the sector's middle half▲ 4.4pp
Current ratio1.37within the sector's middle half-1.22within the sector's middle half▼ 0.151.63within the sector's middle half▲ 0.41
Return on assets (ROA)29.3%above the sector's middle half--34.2%below the sector's middle half▼ 63.5pp22.6%above the sector's middle half▲ 56.8pp
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
-€10,000-€5,000€0€5,000€10,000Operating result 2022: €10,393€10,393Net result 2022: €8,211€8,211Operating result 2023: -€6,297-€6,297Net result 2023: -€6,419-€6,419Operating result 2024: €9,352€9,352Net result 2024: €8,461€8,461202220232024-€10,000-€5,000€0€5,000€10,000Operating result 2022: €10,393€10,400Net result 2022: €8,211€8,210Operating result 2023: -€6,297-€6,300Net result 2023: -€6,419-€6,420Operating result 2024: €9,352€9,350Net result 2024: €8,461€8,460202220232024
The operating result returns to profit in 2024: €9,352 after a loss of €6,297 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,501
Fixed assets €1,241 ▼ 70.5%
Current assets €36,260 ▲ 149%
Equity and liabilities €37,501
Equity €15,252 ▲ 125%
Debt €22,248 ▲ 86.1%
Debt's share of the balance-sheet total falls from 63.8% to 59.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€12,322▲
2023 · -€2,724
Cash flow
€11,431▲
2023 · -€2,846
Quick ratio
0.87▼
2023 · 1.07
Debt to equity
1.46▼
2023 · 1.76
ROE
55.5%▲
2023 · -94.5%
Interest coverage
51.95▲
2023 · -22.27
Debt ≤ 1 year
€22,248▲
2023 · €11,954
Income taxes
€654
Staff costs
€376▲
2023 · €60
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: 2.7% 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 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€18,746€37,501▲
Fixed assets21/28€4,211€1,241▼
Tangible fixed assets22/27€4,211€1,241▼
Plant, machinery and equipment23€1,481€1,241▼
Furniture and vehicles24€2,731-
Current assets29/58€14,535€36,260▲
Stocks and contracts in progress3€1,750€16,797▲
Stocks30/36€1,750€16,797▲
Amounts receivable within one year40/41€12,106€8,904▼
Trade receivables40€7,462€1,688▼
Other amounts receivable41€4,645€7,216▲
Cash at bank and in hand54/58€678€10,373▲
Deferred charges and accrued income490/1-€185
Equity and liabilities
Total equity and liabilities10/49€18,746€37,501▲
Equity10/15€6,792€15,252▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€1,792€10,252▲
Amounts payable17/49€11,954€22,248▲
Amounts payable within one year42/48€11,954€22,248▲
Trade debts44€2,731€12,774▲
Suppliers440/4€2,731€12,774▲
Taxes, remuneration and social security45€4,378€3,885▼
Taxes450/3€2,178€685▼
Remuneration and social security454/9€2,200€3,200▲
Other amounts payable47/48€4,845€5,589▲
Income statement Code20232024
Remuneration, social security and pensions62€60€376▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,573€2,970▼
Other operating charges640/8€348€212▼
Gross operating margin9900-€2,316€12,910▲
Operating profit (loss)9901-€6,297€9,352▲
Financial charges65/66B€122€237▲
Recurring financial charges65€122€237▲
Profit (loss) for the period before taxes9903-€6,419€9,114▲
Income taxes67/77-€654
Profit (loss) for the period9904-€6,419€8,461▲
Profit (loss) for the period to be appropriated9905-€6,419€8,461▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,792€10,252▲
Profit (loss) brought forward from the previous period14P€8,211€1,792▼

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

Line202220232024Change
Remuneration, social security and pensions62€307€60€376▲ 527%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,140€3,573€2,970▼ 16.9%
Other operating charges640/8€516€348€212▼ 39.0%
Gross operating margin9900€15,356-€2,316€12,910▲ 657%
Operating profit (loss)9901€10,393-€6,297€9,352▲ 249%
Financial charges65/66B€35€122€237▲ 93.9%
Recurring financial charges65€35€122€237▲ 93.9%
Profit (loss) for the period before taxes9903€10,358-€6,419€9,114▲ 242%
Income taxes67/77€2,147-€654-
Profit (loss) for the period9904€8,211-€6,419€8,461▲ 232%
Profit (loss) for the period to be appropriated9905€8,211-€6,419€8,461▲ 232%
Line202220232024Change
Assets
Total assets20/58€28,064€18,746€37,501▲ 100%
Fixed assets21/28€7,784€4,211€1,241▼ 70.5%
Tangible fixed assets22/27€7,784€4,211€1,241▼ 70.5%
Plant, machinery and equipment23€1,720€1,481€1,241▼ 16.2%
Furniture and vehicles24€6,064€2,731--
Current assets29/58€20,280€14,535€36,260▲ 149%
Stocks and contracts in progress3€1,500€1,750€16,797▲ 860%
Stocks30/36€1,500€1,750€16,797▲ 860%
Amounts receivable within one year40/41€12,800€12,106€8,904▼ 26.4%
Trade receivables40€7,688€7,462€1,688▼ 77.4%
Other amounts receivable41€5,112€4,645€7,216▲ 55.4%
Cash at bank and in hand54/58€5,795€678€10,373▲ 1,429%
Deferred charges and accrued income490/1€185-€185-
Equity and liabilities
Total equity and liabilities10/49€28,064€18,746€37,501▲ 100%
Equity10/15€13,211€6,792€15,252▲ 125%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€8,211€1,792€10,252▲ 472%
Amounts payable17/49€14,853€11,954€22,248▲ 86.1%
Amounts payable within one year42/48€14,853€11,954€22,248▲ 86.1%
Trade debts44€8,548€2,731€12,774▲ 368%
Suppliers440/4€8,548€2,731€12,774▲ 368%
Taxes, remuneration and social security45€4,378€4,378€3,885▼ 11.3%
Taxes450/3€2,178€2,178€685▼ 68.5%
Remuneration and social security454/9€2,200€2,200€3,200▲ 45.5%
Other amounts payable47/48€1,927€4,845€5,589▲ 15.4%
Line202220232024Change
Profit (loss) for the period9904€8,211-€6,419€8,461▲ 232%
+ Depreciation and write-downs630€4,140€3,573€2,970▼ 16.9%
Operating cash flow (approximation)€12,351-€2,846€11,431▲ 502%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€5,116€9,695▲ 289%

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
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial Back to profitnet €8,461
Net result €8,461 after one loss-making year.
26-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial Weakest financial yearnet -€6,419
Net result drops to -€6,419, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Saint-Ghislain · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,189 m²
Building footprint
768 m²
Volume, LiDAR
3,435 m³
Parcel 53075D0116/00N003, Wallonia · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NADORCONSTRUCT
Rue de la Hamaide(T) 117, 7333 Saint-GhislainManufacture of metal structures and parts of structures
since 20212.323.415.660
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53075D0116/00N003 Wallonia 1,189 m² 1 · 768 m² 5.1 m · 1 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. 10,747 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
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
Contact
E-mail nadorconstruct@outlook.com
Phone +32477533154
E-invoicing
Reachable via Peppol
Peppol ID 0208:0775511436
Also 9925:BE0775511436
Registered 22-12-2025

Register as of 27 September 2026 · Peppol Directory

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