NB Solution
ActiveSummary
The computed 12-month bankruptcy probability of NB Solution is 1.8% (moderate). The 2024 annual accounts show equity of €24,311 and a net result of €11,622. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 1329 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
Profitability83▼-17
Solvency49▼-11
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.38 in 2023; short-term debt: 76.1% and cash: 4.8% of total assets), and 76.1% 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% 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 2024Solvency, return and age of the figures
Solvency
23.9%
Return on assets
11.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1329 sector peers (2024).
NBB · sector comparisonPosition among 1329 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-08-2025, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
10 d late
2023
57 d early
2022
57 d early
2021
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€24,311▼ 35.5%
2023 · €37,690
Total assets
€101,646▼ 4.6%
2023 · €106,503
Net result
€11,622▼ 69.8%
2023 · €38,532
Working capital
€6,318▼ 75.6%
2023 · €25,866
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line2021202220232024
Operating result€9,231--€2,180€49,815€18,200▼ 63.5%
Net result€7,111within the sector's middle half--€2,954below the sector's middle half€38,532above the sector's middle half€11,622within the sector's middle half▼ 69.8%
Equity€2,111below the sector's middle half--€842below the sector's middle half€37,690within the sector's middle half€24,311within the sector's middle half▼ 35.5%
Total assets€22,290below the sector's middle half-€93,022within the sector's middle half▲ 317%€106,503within the sector's middle half▲ 14.5%€101,646within the sector's middle half▼ 4.6%
Debt€20,179-€93,864▲ 365%€68,813▼ 26.7%€77,335▲ 12.4%
Working capital€908below the sector's middle half--€2,772below the sector's middle half€25,866within the sector's middle half€6,318within the sector's middle half▼ 75.6%
Solvency9.5%below the sector's middle half--0.9%below the sector's middle half▼ 10.4pp35.4%within the sector's middle half▲ 36.3pp23.9%below the sector's middle half▼ 11.5pp
Current ratio1.05below the sector's middle half-0.97below the sector's middle half▼ 0.071.38within the sector's middle half▲ 0.411.08within the sector's middle half▼ 0.29
Return on assets (ROA)31.9%above the sector's middle half--3.2%below the sector's middle half▼ 35.1pp36.2%above the sector's middle half▲ 39.4pp11.4%within the sector's middle half▼ 24.7pp
Staff (FTE)0.51.7▲ 240%0.8▼ 52.9%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
The operating result falls in 2024; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101,646
Fixed assets
€17,994 ▲ 52.2%
Current assets
€83,653 ▼ 11.6%
Equity and liabilities €101,646
Equity
€24,311 ▼ 35.5%
Debt
€77,335 ▲ 12.4%
Debt's share of the balance-sheet total rises from 64.6% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,706▼
2023 · €51,271
Cash flow
€17,128▼
2023 · €39,988
Debt to equity
3.18▲
2023 · 1.83
ROE
47.8%▼
2023 · 102.2%
Interest coverage
8.27▼
2023 · 28.87
Debt ≤ 1 year
€77,335▲
2023 · €68,813
Income taxes
€3,721▼
2023 · €9,513
Staff costs
€31,095▼
2023 · €55,218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 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% | 1.7% |
| 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 6,706 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €18,649 | €55,218 | €31,095 | ▼ 43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344 | €887 | €1,455 | €5,507 | ▲ 278% |
| Other operating charges640/8 | €1,092 | €1,120 | €1,530 | €412 | ▼ 73.1% |
| Gross operating margin9900 | €10,667 | €18,476 | €108,019 | €55,213 | ▼ 48.9% |
| Operating profit (loss)9901 | €9,231 | -€2,180 | €49,815 | €18,200 | ▼ 63.5% |
| Financial income75/76B | €101 | €1 | €6 | €11 | ▲ 74.6% |
| Recurring financial income75 | €101 | €1 | €6 | €11 | ▲ 74.6% |
| Financial charges65/66B | €108 | €775 | €1,776 | €2,867 | ▲ 61.5% |
| Recurring financial charges65 | €108 | €775 | €1,776 | €2,867 | ▲ 61.5% |
| Profit (loss) for the period before taxes9903 | €9,224 | -€2,954 | €48,046 | €15,343 | ▼ 68.1% |
| Income taxes67/77 | €2,113 | - | €9,513 | €3,721 | ▼ 60.9% |
| Profit (loss) for the period9904 | €7,111 | -€2,954 | €38,532 | €11,622 | ▼ 69.8% |
| Profit (loss) for the period to be appropriated9905 | €7,111 | -€2,954 | €38,532 | €11,622 | ▼ 69.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22,290 | €93,022 | €106,503 | €101,646 | ▼ 4.6% |
| Fixed assets21/28 | €1,203 | €1,930 | €11,824 | €17,994 | ▲ 52.2% |
| Tangible fixed assets22/27 | €1,203 | €1,430 | €9,624 | €15,794 | ▲ 64.1% |
| Plant, machinery and equipment23 | €1,203 | €687 | €2,925 | €11,699 | ▲ 300% |
| Furniture and vehicles24 | - | €742 | €6,699 | €4,094 | ▼ 38.9% |
| Financial fixed assets28 | - | €500 | €2,200 | €2,200 | = |
| Current assets29/58 | €21,087 | €91,092 | €94,679 | €83,653 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €10,424 | €71,322 | €91,869 | €78,822 | ▼ 14.2% |
| Trade receivables40 | €2,617 | €51,004 | €54,064 | €22,372 | ▼ 58.6% |
| Other amounts receivable41 | €7,807 | €20,319 | €37,806 | €56,449 | ▲ 49.3% |
| Cash at bank and in hand54/58 | €10,663 | €19,770 | €2,809 | €4,831 | ▲ 72.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22,290 | €93,022 | €106,503 | €101,646 | ▼ 4.6% |
| Equity10/15 | €2,111 | -€842 | €37,690 | €24,311 | ▼ 35.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €111 | -€2,842 | €35,690 | €22,311 | ▼ 37.5% |
| Amounts payable17/49 | €20,179 | €93,864 | €68,813 | €77,335 | ▲ 12.4% |
| Amounts payable within one year42/48 | €20,179 | €93,864 | €68,813 | €77,335 | ▲ 12.4% |
| Trade debts44 | €5,951 | €55,856 | €30,702 | €27,744 | ▼ 9.6% |
| Suppliers440/4 | €5,951 | €55,856 | €30,702 | €27,744 | ▼ 9.6% |
| Advances received on contracts in progress46 | - | €19,704 | - | - | - |
| Taxes, remuneration and social security45 | €9,328 | €18,304 | €38,111 | €28,341 | ▼ 25.6% |
| Taxes450/3 | €9,328 | €13,233 | €34,224 | €25,172 | ▼ 26.4% |
| Remuneration and social security454/9 | - | €5,071 | €3,887 | €3,169 | ▼ 18.5% |
| Other amounts payable47/48 | €4,900 | - | - | €21,250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,111 | -€2,954 | €38,532 | €11,622 | ▼ 69.8% |
| + Depreciation and write-downs630 | €344 | €887 | €1,455 | €5,507 | ▲ 278% |
| Operating cash flow (approximation) | €7,455 | -€2,067 | €39,988 | €17,128 | ▼ 57.2% |
| Investment in fixed assets (approximation) | - | -€1,613 | -€11,350 | -€11,677 | ▼ 2.9% |
| Change in cash | - | €9,107 | -€16,961 | €2,022 | ▲ 112% |
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
2025
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €38,532
Net result €38,532 after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€2,954
Net result drops to -€2,954, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Lokeren · 1 establishment unit since 2021
Ground area
471 m²
Building footprint
94 m²
Volume, LiDAR
530 m³
Parcel 46014A0405/00A002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NB Solution
since 20212.312.028.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0405/00A002 | Flanders | 471 m² | 1 · 94 m² | 8.7 m · 2 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 1,824 companies in sector 42220 we hold annual accounts for 958. 637 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
Founded12-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761501468
Also
9925:BE0761501468
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.