NAS CONSTRUCT
The computed 12-month bankruptcy probability of NAS CONSTRUCT is 3.1% (moderate). The 2024 annual accounts show negative equity (€-22k) and a net result of €-24k. Equity is shrinking by ~228.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 36383 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-22k |
| Net result | €-24k |
| Staff (FTE) | 1.4 |
| Better than sector | 6% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -20.6% | 46.6% | |
| Net result | €-24k | €9k | |
| Equity | €-22k | €58k | |
| Gross operating margin | €97k | €38k | |
| Staff costs | €81k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €-2k | €-51k | €71k |
| Net profit | €-24k | €-79k | €48k |
| Cash flow | €-10k | €-60k | €56k |
| Staff costs | €81k | €129k | €46k |
| Income taxes | €303 | €326 | €9k |
| Dividends | - | - | - |
| Total assets | €109k | €174k | €260k |
| Equity | €-22k | €1k | €80k |
| Debt | €131k | €173k | €180k |
| of which ≤ 1y | €129k | €159k | €114k |
| of which > 1y | €2k | €14k | €11k |
| Working capital | €-43k | €-34k | €108k |
| Employees (FTE) | 1.4 | 1.4 | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.67 | 0.79 | 1.94 |
| Quick ratio | 0.67 | 0.71 | 1.94 |
| Working capital ratio | -39.3% | -19.3% | 41.4% |
| Solvency | -20.6% | 0.7% | 30.7% |
| Debt / equity | -5.85 | 147.57 | 2.26 |
| Long-term debt ratio | -0.09 | 12.16 | 0.14 |
| Interest coverage | -0.25 | -6.46 | 12.56 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -21.7% | -45.1% | 18.4% |
| ROE | 105.2% | -6704.1% | 60.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €109k | €174k | €260k |
| Fixed assets | 21/28 | €22k | €49k | €38k |
| Tangible fixed assets | 22/27 | €22k | €49k | €38k |
| Current assets | 29/58 | €86k | €125k | €222k |
| Stocks & contracts in progress | 3 | - | €13k | - |
| Amounts receivable within one year | 40/41 | €78k | €89k | €138k |
| Cash & bank | 54/58 | €8k | €19k | €81k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €109k | €174k | €260k |
| Equity | 10/15 | €-22k | €1k | €80k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-43k | €-19k | €59k |
| Amounts payable | 17/49 | €131k | €173k | €180k |
| Amounts payable after one year | 17 | €2k | €14k | €11k |
| Amounts payable within one year | 42/48 | €129k | €159k | €114k |
| Trade debts payable within one year | 44 | €62k | €108k | €47k |
| Income statement | ||||
| Gross operating margin | 9900 | €97k | €82k | €121k |
| Operating result | 9901 | €-16k | €-70k | €62k |
| Financial income | 75 | €179 | €120 | €0 |
| Financial charges | 65 | €8k | €8k | €6k |
| Result before taxes | 9903 | €-23k | €-78k | €57k |
| Income taxes | 67/77 | €303 | €326 | €9k |
| Net result for the period | 9904 | €-24k | €-79k | €48k |
| Result to be appropriated | 9905 | €-24k | €-79k | €48k |
-
Hamza El BouhaddoutiDirectorState Gazette act 26005317 (13-01-2026)Current06-10-2025 → present
-
Gokalp SamiyelDirectorState Gazette act 22146600 (12-12-2022)Current01-01-2022 → present
Former directors (3)
-
Hamza Ben DrissDirectorState Gazette act 25156312 (11-12-2025)Former01-10-2025 → 06-10-2025
2 events
- 06-10-2025 Resigned· Director
- 01-10-2025 Appointed· Director
-
Fuat NasDirectorState Gazette act 25156312 (11-12-2025)Former- → 30-09-2025
-
Gokalp SamuelDirectorState Gazette act 24090110 (14-06-2024)Former- → 31-03-2024
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 29-04-2013 |
| Status | Active |
| Postal code | 1082 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0289/00L011 | Brussels | 2,983 m² | 1 · 1,288 m² | 47.0 m · 11 fl. |
| 21821B0476/00W000 | Brussels | 307 m² | 1 · 175 m² | 12.4 m · 2 fl. |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-01-2026 All shares are now held by a single shareholder
Technical details
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}11-12-2025 1 director appointed, 1 resigning correction
- Hamza Ben Driss, Bestuurder
- Fuat Nas, Bestuurder
Technical details
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}14-06-2024 All shares are now held by a single shareholder
Technical details
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}12-12-2022 2 directors appointed, 1 resigning
- Gokalp Samiyel, Bestuurder
- Gokalp Samiyel, Dagelijks bestuur
- Fuat NAS, Dagelijks bestuur
Technical details
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}| Legal nameFR | NAS CONSTRUCT |