NAI
ActiveSummary
The computed 12-month bankruptcy probability of NAI is 2.1% (moderate). The 2025 annual accounts show negative equity (-€949) and a net result of -€10,857. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 842 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency14▼-86
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 12.8 in 2024; short-term debt: 110.8% and cash: 4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-10.8%
Return on assets
-123.7%
Age of the figures
9 mo
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€949
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 13-05-2026, 79 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
79 d early
2024
69 d early
2023
68 d early
2022
66 d early
2021
76 d early
2020
71 d early
2019
56 d early
← 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 69 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,857▼ 75.7%
2024 · -€6,181
Working capital
-€992
2024 · €9,225
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
Line20212022202320242025
Operating result-€111-€8,413▼ 7,479%€5,821-€5,922-€10,646▼ 79.8%
Net result-€869below the sector's middle half-€11,783below the sector's middle half▼ 1,256%€4,685within the sector's middle half-€6,181below the sector's middle half-€10,857below the sector's middle half▼ 75.7%
Equity€23,187below the sector's middle half▼ 3.6%€11,404below the sector's middle half▼ 50.8%€16,089below the sector's middle half▲ 41.1%€9,908below the sector's middle half▼ 38.4%-€949below the sector's middle half
Total assets€25,378below the sector's middle half▼ 8.9%€11,663below the sector's middle half▼ 54.0%€16,361below the sector's middle half▲ 40.3%€10,690below the sector's middle half▼ 34.7%€8,780below the sector's middle half▼ 17.9%
Debt€2,191▼ 42.5%€259▼ 88.2%€272▲ 5.0%€782▲ 188%€9,729▲ 1,144%
Working capital€23,144▼ 3.6%€11,361▼ 50.9%€16,046▲ 41.2%€9,225▼ 42.5%-€992
Solvency91.4%above the sector's middle half▲ 5.0pp97.8%above the sector's middle half▲ 6.4pp98.3%above the sector's middle half▲ 0.6pp92.7%above the sector's middle half▼ 5.7pp-10.8%below the sector's middle half▼ 103.5pp
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,646 in 2025 against €5,922 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,780
Fixed assets
€43 ▼ 93.7%
Current assets
€8,737 ▼ 12.7%
Key figures and ratios
Current ratio
0.90▼
2024 · 12.80
ROA
-123.7%▼
2024 · -57.8%
Debt ≤ 1 year
€9,729▲
2024 · €782
Equity ratios withheld: equity of -€949 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,035 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,540 | €2,120 | €1,090 | €1,051 | €442 | ▼ 57.9% |
| Gross operating margin9900 | €1,429 | -€6,293 | €6,911 | -€4,871 | -€10,204 | ▼ 109% |
| Operating profit (loss)9901 | -€111 | -€8,413 | €5,821 | -€5,922 | -€10,646 | ▼ 79.8% |
| Financial income75/76B | - | - | - | €2 | €3 | ▲ 50.0% |
| Recurring financial income75 | - | - | - | €2 | €3 | ▲ 50.0% |
| Financial charges65/66B | €266 | €362 | €198 | €261 | €214 | ▼ 18.0% |
| Recurring financial charges65 | €266 | €362 | €198 | €261 | €214 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | -€377 | -€8,775 | €5,623 | -€6,181 | -€10,857 | ▼ 75.7% |
| Income taxes67/77 | €492 | €3,008 | €938 | - | - | - |
| Profit (loss) for the period9904 | -€869 | -€11,783 | €4,685 | -€6,181 | -€10,857 | ▼ 75.7% |
| Profit (loss) for the period to be appropriated9905 | -€869 | -€11,783 | €4,685 | -€6,181 | -€10,857 | ▼ 75.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,378 | €11,663 | €16,361 | €10,690 | €8,780 | ▼ 17.9% |
| Fixed assets21/28 | €43 | €43 | €43 | €683 | €43 | ▼ 93.7% |
| Financial fixed assets28 | €43 | €43 | €43 | €683 | €43 | ▼ 93.7% |
| Current assets29/58 | €25,335 | €11,620 | €16,318 | €10,007 | €8,737 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €24,047 | €5,617 | €4,752 | €9,960 | €8,382 | ▼ 15.8% |
| Trade receivables40 | €24,047 | - | €1,120 | €4,000 | €6,875 | ▲ 71.9% |
| Other amounts receivable41 | - | €5,617 | €3,632 | €5,960 | €1,507 | ▼ 74.7% |
| Cash at bank and in hand54/58 | €1,288 | €6,003 | €11,566 | €47 | €355 | ▲ 655% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,378 | €11,663 | €16,361 | €10,690 | €8,780 | ▼ 17.9% |
| Equity10/15 | €23,187 | €11,404 | €16,089 | €9,908 | -€949 | ▼ 110% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €15,127 | €3,344 | €8,029 | €1,848 | -€9,009 | ▼ 588% |
| Amounts payable17/49 | €2,191 | €259 | €272 | €782 | €9,729 | ▲ 1,144% |
| Amounts payable within one year42/48 | €2,191 | €259 | €272 | €782 | €9,729 | ▲ 1,144% |
| Trade debts44 | €1,694 | €259 | €272 | €782 | €1,297 | ▲ 65.9% |
| Suppliers440/4 | €1,694 | €259 | €272 | €782 | €1,297 | ▲ 65.9% |
| Taxes, remuneration and social security45 | €497 | - | - | - | - | - |
| Taxes450/3 | €497 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €8,432 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€869 | -€11,783 | €4,685 | -€6,181 | -€10,857 | ▼ 75.7% |
| Operating cash flow (approximation) | -€869 | -€11,783 | €4,685 | -€6,181 | -€10,857 | ▼ 75.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€640 | €640 | ▲ 200% |
| Change in cash | - | €4,715 | €5,563 | -€11,519 | €308 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €4,685
Net result €4,685 after 2 loss-making years.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€11,783
Net result drops to -€11,783, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 44.86
Current ratio from 11.56 to 44.86; short-term debt falls from €2,191 to €259.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €15,740 ▲516%
Operating result €16,033, net result €15,740, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2,554
Net result €2,554 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braine-l'Alleud · 1 establishment unit since 2018
Ground area
7,876 m²
Building footprint
860 m²
Volume, LiDAR
12,317 m³
Parcel 25744D0293/00R003, Wallonia · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
NAI
since 20182.277.861.787
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0293/00R003 | Wallonia | 7,876 m² | 1 · 860 m² | 17.9 m · 5 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 9,267 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
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700216868
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.