NC CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of NC CONCEPT is 1.6% (moderate). The 2024 annual accounts show equity of €25k and a net result of €-22k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 36375 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-40
Solvency43▼-25
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 1.62 in 2023; short-term debt: 42.5% and cash: 10.9% of total assets), and 81.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
18.3%
Return on assets
-15.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-22k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
29 d late
2022
30 d late
2021
9 d late
2020
27 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€25k▼ 46.4%
2023 · €46k
2018: €69k
2019: €74k▲ +7.0% vs 2018highest in 7 years
2020: €52k▼ -29.7% vs 2019
2021: €73k▲ +40.0% vs 2020
2022: €49k▼ -32.2% vs 2021
2023: €46k▼ -5.8% vs 2022
2024: €25k▼ -46.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€136k▲ 27.2%
2023 · €107k
2018: €121k
2019: €109k▼ -9.7% vs 2018
2020: €137k▲ +25.3% vs 2019
2021: €146k▲ +6.5% vs 2020highest in 7 years
2022: €119k▼ -18.0% vs 2021
2023: €107k▼ -10.4% vs 2022lowest in 7 years
2024: €136k▲ +27.2% vs 2023
2018 → 2024
Net result
€-22k▼ 658%
2023 · €-3k
2018: €16k
2019: €5k▼ -70.1% vs 2018
2020: €35k▲ +630% vs 2019
2021: €42k▲ +19.8% vs 2020highest in 7 years
2022: €-23k▼ -156% vs 2021lowest in 7 years
2023: €-3k▲ +87.9% vs 2022
2024: €-22k▼ -658% vs 2023
2018 → 2024
Working capital
€15k▼ 59.7%
2023 · €38k
2018: €58k
2019: €66k▲ +13.2% vs 2018highest in 7 years
2020: €46k▼ -29.5% vs 2019
2021: €64k▲ +38.7% vs 2020
2022: €39k▼ -39.3% vs 2021
2023: €38k▼ -3.6% vs 2022
2024: €15k▼ -59.7% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€73k▲ 40.0%€49k▼ 32.2%€46k▼ 5.8%€25k▼ 46.4%
2020: €52k
2021: €73k▲ +40.0% vs 2020highest in 5 years
2022: €49k▼ -32.2% vs 2021
2023: €46k▼ -5.8% vs 2022
2024: €25k▼ -46.4% vs 2023lowest in 5 years
Operating result€43k-€56k▲ 28.6%€-17k€774€-13k
2020: €43k
2021: €56k▲ +28.6% vs 2020highest in 5 years
2022: €-17k▼ -131% vs 2021lowest in 5 years
2023: €774▲ +105% vs 2022
2024: €-13k▼ -1805% vs 2023
Net result€35k-€42k▲ 19.8%€-23k€-3k▲ 87.9%€-22k▼ 658%
2020: €35k
2021: €42k▲ +19.8% vs 2020highest in 5 years
2022: €-23k▼ -156% vs 2021lowest in 5 years
2023: €-3k▲ +87.9% vs 2022
2024: €-22k▼ -658% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €774 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136k
Fixed assets
€63k ▲ 613%
Current assets
€73k ▼ 25.6%
Equity and liabilities €136k
Equity
€25k ▼ 46.4%
Debt
€111k ▲ 83.6%
Debt's share of the balance-sheet total rises from 56.6% to 81.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €4k
Cash flow
€-13k▼
2023 · €737
Current ratio
1.26▼
2023 · 1.62
Quick ratio
1.24▼
2023 · 1.56
Debt to equity
4.47▲
2023 · 1.30
ROE
-86.5%▼
2023 · -6.1%
ROA
-15.8%▼
2023 · -2.7%
Interest coverage
-0.84▼
2023 · 3.00
Debt ≤ 1 year
€58k▼
2023 · €61k
Debt > 1 year
€53k
Income taxes
€3k▼
2023 · €4k
Staff costs
€316k▲
2023 · €256k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€107k€136k▲
Fixed assets21/28€9k€63k▲
Intangible fixed assets21€2k€500▼
Tangible fixed assets22/27€7k€63k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€2k€59k▲
Current assets29/58€98k€73k▼
Stocks and contracts in progress3€4k€1k▼
Stocks30/36€4k€1k▼
Amounts receivable within one year40/41€80k€48k▼
Trade receivables40€58k€32k▼
Other amounts receivable41€22k€15k▼
Cash at bank and in hand54/58€7k€15k▲
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€107k€136k▲
Equity10/15€46k€25k▼
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€30k€9k▼
Amounts payable17/49€61k€111k▲
Amounts payable after more than one year17-€53k
Financial debts170/4-€53k
Amounts payable within one year42/48€61k€58k▼
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€18k€20k▲
Suppliers440/4€18k€20k▲
Taxes, remuneration and social security45€14k€14k▼
Taxes450/3€9k€0▼
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€18k€13k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€256k€316k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€262k€314k▲
Operating profit (loss)9901€774€-13k▼
Financial income75/76B€2k€45▼
Recurring financial income75€2k€45▼
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€1k€-18k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€-3k€-22k▼
Profit (loss) for the period to be appropriated9905€-3k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€9k▼
Profit (loss) brought forward from the previous period14P€33k€30k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €225k | €286k | €256k | €316k | ▲ 23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €4k | €9k | ▲ 144% |
| Other operating charges640/8 | - | €2k | €3k | €1k | €2k | ▲ 70.4% |
| Gross operating margin9900 | €140k | €284k | €275k | €262k | €314k | ▲ 19.9% |
| Operating profit (loss)9901 | €43k | €56k | €-17k | €774 | €-13k | ▼ 1,805% |
| Financial income75/76B | - | €233 | €187 | €2k | €45 | ▼ 97.9% |
| Recurring financial income75 | €253 | €233 | €187 | €2k | €45 | ▼ 97.9% |
| Financial charges65/66B | - | €2k | €2k | €1k | €5k | ▲ 268% |
| Recurring financial charges65 | €1k | €2k | €2k | €1k | €5k | ▲ 268% |
| Profit (loss) for the period before taxes9903 | €42k | €54k | €-19k | €1k | €-18k | ▼ 1,417% |
| Income taxes67/77 | €7k | €12k | €5k | €4k | €3k | ▼ 28.5% |
| Profit (loss) for the period9904 | €35k | €42k | €-23k | €-3k | €-22k | ▼ 658% |
| Profit (loss) for the period to be appropriated9905 | €35k | €42k | €-23k | €-3k | €-22k | ▼ 658% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137k | €146k | €119k | €107k | €136k | ▲ 27.2% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €6k | €9k | €10k | €9k | €63k | ▲ 613% |
| Intangible fixed assets21 | €5k | €4k | €3k | €2k | €500 | ▼ 66.7% |
| Tangible fixed assets22/27 | €971 | €5k | €8k | €7k | €63k | ▲ 751% |
| Plant, machinery and equipment23 | - | €4k | €7k | €6k | €4k | ▼ 32.3% |
| Furniture and vehicles24 | - | €1k | €585 | €2k | €59k | ▲ 3,089% |
| Financial fixed assets28 | €400 | €400 | €0 | - | - | - |
| Current assets29/58 | €131k | €137k | €109k | €98k | €73k | ▼ 25.6% |
| Stocks and contracts in progress3 | - | - | €1k | €4k | €1k | ▼ 67.1% |
| Stocks30/36 | - | - | €1k | €4k | €1k | ▼ 67.1% |
| Amounts receivable within one year40/41 | €91k | €44k | €57k | €80k | €48k | ▼ 40.3% |
| Trade receivables40 | - | €38k | €47k | €58k | €32k | ▼ 44.4% |
| Other amounts receivable41 | - | €6k | €10k | €22k | €15k | ▼ 29.5% |
| Cash at bank and in hand54/58 | €37k | €92k | €49k | €7k | €15k | ▲ 103% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €7k | €9k | ▲ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137k | €146k | €119k | €107k | €136k | ▲ 27.2% |
| Equity10/15 | €52k | €73k | €49k | €46k | €25k | ▼ 46.4% |
| Contributions10/11 | - | €14k | €14k | €14k | €14k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €36k | €56k | €33k | €30k | €9k | ▼ 71.4% |
| Amounts payable17/49 | €85k | €73k | €70k | €61k | €111k | ▲ 83.6% |
| Amounts payable after more than one year17 | - | - | - | - | €53k | - |
| Financial debts170/4 | - | - | - | - | €53k | - |
| Amounts payable within one year42/48 | €85k | €73k | €70k | €61k | €58k | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €10k | €11k | ▲ 16.7% |
| Trade debts44 | €24k | €18k | €18k | €18k | €20k | ▲ 11.1% |
| Suppliers440/4 | - | €18k | €18k | €18k | €20k | ▲ 11.1% |
| Bills of exchange payable441 | - | - | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €37k | €26k | €14k | €14k | ▼ 5.3% |
| Taxes450/3 | - | €26k | €22k | €9k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €11k | €4k | €6k | €14k | ▲ 135% |
| Other amounts payable47/48 | - | €15k | €23k | €18k | €13k | ▼ 30.0% |
| Accrued charges and deferred income492/3 | - | - | €85 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €42k | €-23k | €-3k | €-22k | ▼ 658% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €4k | €9k | ▲ 144% |
| Operating cash flow (approximation) | €38k | €44k | €-20k | €737 | €-13k | ▼ 1,835% |
| Investment in fixed assets (approximation) | - | €-5k | €-5k | €-2k | €-63k | ▼ 2,959% |
| Change in cash | - | €54k | €-42k | €-42k | €8k | ▲ 118% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Highest result since 2018net €42k ▲19.8%
Operating result €56k, net result €42k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
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, Liège · 1 establishment unit since 2015
Ground area
722 m²
Building footprint
57 m²
Volume, LiDAR
398 m³
Parcel 62810B0928/00D000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NC CONCEPT
since 20152.247.131.692
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0928/00D000 | Wallonia | 722 m² | 1 · 57 m² | 8.9 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 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,107 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
Founded19-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81210General cleaning of buildings
43350Other building finishing work
81220Other building cleaning and industrial cleaning
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.