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NC Distribution

Active
Private limited companyfounded 20242 yrs activeVleurgatse Steenweg 167, 1050 Elsene, BelgiumKBO/BCE: BE 1005.666.504
Summary

The computed 12-month bankruptcy probability of NC Distribution is 3.2% (moderate). The 2024 annual accounts show equity of €3,881 and a net result of €2,681. Its solvency ranks better than 21% of 8969 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability83
Solvency41
Growth-
Track record67
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12; short-term debt: 60.2% and cash: 5.1% of total assets), and 84% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
16%
Return on assets
11%
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 21% of 8969 sector peers (2024).
NBB · sector comparison
Position among 8969 sector peers
Solvency
better than 21%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
102 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 102 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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

NC Distribution was incorporated on 6 February 2024 as a Private limited company.1 The registered office was moved to Ixelles in 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 17-07-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€3,881
Total assets
€24,273
Net result
€2,681
Working capital
€1,711

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €24,273
Fixed assets €7,960
Current assets €16,312
Equity and liabilities €24,273
Equity €3,881
Debt €20,392
Debt finances 84.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€7,863
Cash flow
€5,630
Current ratio
1.12
Debt to equity
5.25
ROE
69.1%
ROA
11.0%
Interest coverage
12.41
Debt ≤ 1 year
€14,601
Debt > 1 year
€5,790
Income taxes
€1,599

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% 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%.

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 7,976 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 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€24,273
Fixed assets21/28€7,960
Tangible fixed assets22/27€7,960
Furniture and vehicles24€7,960
Current assets29/58€16,312
Amounts receivable within one year40/41€15,084
Trade receivables40€15,084
Cash at bank and in hand54/58€1,228
Equity and liabilities
Total equity and liabilities10/49€24,273
Equity10/15€3,881
Contributions10/11€1,200
Profit (loss) carried forward14€2,681
Amounts payable17/49€20,392
Amounts payable after more than one year17€5,790
Financial debts170/4€5,790
Amounts payable within one year42/48€14,601
Current portion of amounts payable after more than one year42€4,329
Financial debts43€2,498
Credit institutions430/8€2,498
Trade debts44€2,477
Suppliers440/4€2,477
Taxes, remuneration and social security45€4,257
Taxes450/3€4,257
Other amounts payable47/48€1,041
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,949
Other operating charges640/8€448
Gross operating margin9900€8,311
Operating profit (loss)9901€4,914
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€634
Recurring financial charges65€634
Profit (loss) for the period before taxes9903€4,280
Income taxes67/77€1,599
Profit (loss) for the period9904€2,681
Profit (loss) for the period to be appropriated9905€2,681
Appropriation of the result
Profit (loss) to be appropriated9906€2,681

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,949
Other operating charges640/8€448
Gross operating margin9900€8,311
Operating profit (loss)9901€4,914
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€634
Recurring financial charges65€634
Profit (loss) for the period before taxes9903€4,280
Income taxes67/77€1,599
Profit (loss) for the period9904€2,681
Profit (loss) for the period to be appropriated9905€2,681
Line2024
Assets
Total assets20/58€24,273
Fixed assets21/28€7,960
Tangible fixed assets22/27€7,960
Furniture and vehicles24€7,960
Current assets29/58€16,312
Amounts receivable within one year40/41€15,084
Trade receivables40€15,084
Cash at bank and in hand54/58€1,228
Equity and liabilities
Total equity and liabilities10/49€24,273
Equity10/15€3,881
Contributions10/11€1,200
Profit (loss) carried forward14€2,681
Amounts payable17/49€20,392
Amounts payable after more than one year17€5,790
Financial debts170/4€5,790
Amounts payable within one year42/48€14,601
Current portion of amounts payable after more than one year42€4,329
Financial debts43€2,498
Credit institutions430/8€2,498
Trade debts44€2,477
Suppliers440/4€2,477
Taxes, remuneration and social security45€4,257
Taxes450/3€4,257
Other amounts payable47/48€1,041
Line2024
Profit (loss) for the period9904€2,681
+ Depreciation and write-downs630€2,949
Operating cash flow (approximation)€5,630

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

2026
17-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 01-04-2026
  • Registered-office move, n° 167, Chaussée de Vleurgat 1050 Ixelles
2025
10-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
State Gazette actNBB filing
1 of 1 act read

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
731 m²
Building footprint
356 m²
Volume, LiDAR
7,094 m³
2 parcels, Brussels · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
NC Distribution
Jules Lejeunestraat 6, 1050 ElseneSupport activities for crop production
since 20242.356.408.528
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0342/00M008 Brussels 441 m² 1 · 225 m² 28.2 m · 8 fl.
21447B0180/00Y004 Brussels 289 m² 1 · 131 m² 17.7 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 13,417 companies in sector 73300 we hold annual accounts for 6,906. 2,211 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
Founded06-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail nicolascauwe.d@gmail.com
Phone 0474760862
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005666504
Also 9925:BE1005666504
Registered 18-02-2026

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.