NCH CONSTRUCT SPRL
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-10-2025 PDF all 19 filings
Turnover
€2.8m▼ 29.7%
2024 · €4.0m
EBIT margin
7.1%▲ 3.3pp
2024 · 3.8%
Net result
€133,044▲ 26.8%
2024 · €104,886
Working capital
€72,377
2024 · -€105,357
In the rankings
#5 company by equity in Chaumont-Gistoux, Construction sector#7 company by total assets in Chaumont-Gistoux, Construction sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€2.8m
▼ 29.7%
2025
20192025
Operating result
€198,393
▲ 29.7%
2025
20192025
Net result
€133,044
▲ 26.8%
2025
highest quarter of the sector
20192025
EBIT margin
7.1%
▲ 3.3pp
2025
20192025
Equity
€425,334
▲ 45.5%
2025
highest quarter of the sector
20192025
Total assets
€905,444
▲ 14.0%
2025
highest quarter of the sector
20192025
Debt
€480,110
▼ 4.4%
2025
20192025
Working capital
€72,377
2025
middle half of the sector
20192025
Solvency
47.0%
▲ 10.2pp
2025
middle half of the sector
20192025
Current ratio
1.16
▲ 0.38
2025
middle half of the sector
20192025
Return on assets (ROA)
14.7%
▲ 1.5pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.7m-€0.7m▼ 3.5%€1.1m▲ 53.0%€1.5m▲ 43.7%€3.6m▲ 135%€4.0m▲ 9.6%€2.8m▼ 29.7%
Operating result€0.05m-€0.02m▼ 59.5%€0.01m▼ 49.7%€0.04m▲ 226%€0.2m▲ 549%€0.2m▼ 33.7%€0.2m▲ 29.7%
Net result€0.04m-€0.01mwithin the sector's middle half▼ 68.2%€0.009mwithin the sector's middle half▼ 33.9%€0.03mwithin the sector's middle half▲ 175%€0.2mabove the sector's middle half▲ 580%€0.1mabove the sector's middle half▼ 38.9%€0.1mabove the sector's middle half▲ 26.8%
EBIT margin7.4%-3.1%▼ 4.3pp1.0%▼ 2.1pp2.3%▲ 1.3pp6.4%▲ 4.1pp3.8%▼ 2.5pp7.1%▲ 3.3pp
Equity€0.1m-€0.1mabove the sector's middle half▲ 12.5%€0.06mwithin the sector's middle half▼ 50.4%€0.09mwithin the sector's middle half▲ 40.8%€0.3mabove the sector's middle half▲ 197%€0.3mabove the sector's middle half▲ 12.9%€0.4mabove the sector's middle half▲ 45.5%
Total assets€0.3m-€0.2mwithin the sector's middle half▼ 17.5%€0.4mabove the sector's middle half▲ 58.6%€0.6mabove the sector's middle half▲ 59.3%€0.7mabove the sector's middle half▲ 28.5%€0.8mabove the sector's middle half▲ 9.8%€0.9mabove the sector's middle half▲ 14.0%
Debt€0.2m-€0.1m▼ 38.4%€0.3m▲ 197%€0.5m▲ 63.3%€0.5m▼ 2.4%€0.5m▲ 8.0%€0.5m▼ 4.4%
Working capital€0.08m-€0.1mabove the sector's middle half▲ 17.9%€0.03mwithin the sector's middle half▼ 66.6%-€0.3mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 64.5%-€0.1mbelow the sector's middle half▲ 8.2%€0.07mwithin the sector's middle half
Solvency41.0%-55.9%within the sector's middle half▲ 14.9pp17.5%below the sector's middle half▼ 38.4pp15.5%below the sector's middle half▼ 2.0pp35.8%within the sector's middle half▲ 20.3pp36.8%within the sector's middle half▲ 1.0pp47.0%within the sector's middle half▲ 10.2pp
Current ratio1.56-2.01within the sector's middle half▲ 0.451.12within the sector's middle half▼ 0.890.30below the sector's middle half▼ 0.820.75below the sector's middle half▲ 0.450.77below the sector's middle half▲ 0.021.16within the sector's middle half▲ 0.38
Return on assets (ROA)16.2%-6.2%within the sector's middle half▼ 9.9pp2.6%within the sector's middle half▼ 3.6pp4.5%within the sector's middle half▲ 1.9pp23.7%above the sector's middle half▲ 19.3pp13.2%within the sector's middle half▼ 10.5pp14.7%within the sector's middle half▲ 1.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 30% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €905,444
Fixed assets
€377,621 ▼ 12.6%
Current assets
€527,823 ▲ 45.7%
Equity and liabilities €905,444
Equity
€425,334 ▲ 45.5%
Debt
€480,110 ▼ 4.4%
Debt's share of the balance-sheet total falls from 63.2% to 53.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€255,467▲
2024 · €215,095
Cash flow
€190,118▲
2024 · €167,021
Debt to equity
1.13▼
2024 · 1.72
ROE
31.3%▼
2024 · 35.9%
Interest coverage
32.81▲
2024 · 17.20
Debt ≤ 1 year
€455,446▼
2024 · €467,748
Debt > 1 year
€24,664▼
2024 · €34,505
Income taxes
€58,320▲
2024 · €35,567
Customer credit
33 days▲
2024 · 17 days
Supplier credit
37 days▲
2024 · 33 days
Staff costs
€1,172
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €395,948 | €1,200 | €116,827 | €2,543 |
| Depreciation and write-downs of the year | €21,902 | €45,996 | €62,135 | €57,074 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.7m | €0.7m | €1.1m | €1.5m | €3.6m | €4.0m | €2.8m | ▼ 29.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.5m | €3.3m | €3.8m | €2.5m | ▼ 32.9% |
| Remuneration, social security and pensions62 | - | - | - | - | €309 | - | €0.001m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.02m | €0.03m | €0.02m | €0.05m | €0.06m | €0.06m | ▼ 8.1% |
| Other operating charges640/8 | - | - | - | - | €0.002m | €0.006m | €0.005m | ▼ 13.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.01m | - |
| Gross operating margin9900 | €0.08m | €0.04m | €0.04m | €0.06m | €0.3m | €0.2m | €0.3m | ▲ 24.8% |
| Operating profit (loss)9901 | €0.05m | €0.02m | €0.01m | €0.04m | €0.2m | €0.2m | €0.2m | ▲ 29.7% |
| Financial income75/76B | - | - | - | €261 | €0.003m | €0 | €0.001m | - |
| Recurring financial income75 | €10 | €23 | €0.001m | €261 | €0.003m | €0 | €0.001m | - |
| Financial charges65/66B | - | - | - | €0.004m | €0.002m | €0.01m | €0.008m | ▼ 37.7% |
| Recurring financial charges65 | €0.002m | €0.002m | €0.002m | €0.004m | €0.002m | €0.01m | €0.008m | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.02m | €0.01m | €0.03m | €0.2m | €0.1m | €0.2m | ▲ 36.2% |
| Income taxes67/77 | €0.008m | €0.005m | €0.001m | €0.007m | €0.06m | €0.04m | €0.06m | ▲ 64.0% |
| Profit (loss) for the period9904 | €0.04m | €0.01m | €0.009m | €0.03m | €0.2m | €0.1m | €0.1m | ▲ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.01m | €0.009m | €0.03m | €0.2m | €0.1m | €0.1m | ▲ 26.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €270,132 | €222,857 | €353,560 | €563,389 | €723,702 | €794,543 | €905,444 | ▲ 14.0% |
| Fixed assets21/28 | €39,931 | €28,842 | €48,210 | €422,256 | €377,460 | €432,152 | €377,621 | ▼ 12.6% |
| Tangible fixed assets22/27 | €39,881 | €28,792 | €48,160 | €422,206 | €377,410 | €432,102 | €377,571 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | - | - | €45,123 | €28,474 | €11,825 | €8,237 | ▼ 30.3% |
| Furniture and vehicles24 | - | - | - | €36,868 | €25,631 | €114,386 | €79,784 | ▼ 30.3% |
| Other tangible fixed assets26 | - | - | - | €340,215 | €323,305 | €305,891 | €289,550 | ▼ 5.3% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €230,201 | €194,014 | €305,350 | €141,133 | €346,242 | €362,391 | €527,823 | ▲ 45.7% |
| Amounts receivable within one year40/41 | €42,676 | €28,383 | €117,139 | €80,373 | €250,791 | €249,079 | €330,027 | ▲ 32.5% |
| Trade receivables40 | - | - | - | €56,368 | €183,555 | €184,735 | €249,430 | ▲ 35.0% |
| Other amounts receivable41 | - | - | - | €24,005 | €67,236 | €64,344 | €80,597 | ▲ 25.3% |
| Cash at bank and in hand54/58 | €187,106 | €165,631 | €163,784 | €60,760 | €92,662 | €113,312 | €197,796 | ▲ 74.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,789 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €270,132 | €222,857 | €353,560 | €563,389 | €723,702 | €794,543 | €905,444 | ▲ 14.0% |
| Equity10/15 | €110,742 | €124,637 | €61,820 | €87,065 | €258,834 | €292,290 | €425,334 | ▲ 45.5% |
| Contributions10/11 | €18,600 | - | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €10,000 | €10,000 | €43,456 | €176,500 | ▲ 306% |
| Tax-exempt reserves132 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | - | - | - | - | €33,456 | €166,500 | ▲ 398% |
| Profit (loss) carried forward14 | €80,282 | €94,177 | €31,360 | €56,605 | €228,374 | €228,374 | €228,374 | = |
| Amounts payable17/49 | €159,390 | €98,220 | €291,740 | €476,324 | €464,868 | €502,253 | €480,110 | ▼ 4.4% |
| Amounts payable after more than one year17 | €11,904 | €1,710 | €18,912 | €11,412 | €3,826 | €34,505 | €24,664 | ▼ 28.5% |
| Financial debts170/4 | - | - | - | €11,412 | €3,826 | €34,505 | €24,664 | ▼ 28.5% |
| Amounts payable within one year42/48 | €147,487 | €96,510 | €272,828 | €464,912 | €461,042 | €467,748 | €455,446 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,499 | €7,587 | €14,667 | €9,841 | ▼ 32.9% |
| Financial debts43 | - | - | - | €150,000 | €150,000 | - | - | - |
| Credit institutions430/8 | - | - | - | €150,000 | €150,000 | - | - | - |
| Trade debts44 | €94,105 | €79,452 | €191,068 | €175,760 | €177,724 | €336,902 | €257,959 | ▼ 23.4% |
| Suppliers440/4 | - | - | - | €175,760 | €177,724 | €336,902 | €257,959 | ▼ 23.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,066 | €63,858 | €65,981 | €68,606 | ▲ 4.0% |
| Taxes450/3 | - | - | - | €7,066 | €63,858 | €65,981 | €57,767 | ▼ 12.4% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €10,839 | - |
| Other amounts payable47/48 | - | - | - | €124,587 | €61,873 | €50,198 | €119,040 | ▲ 137% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,683 | €13,895 | €9,184 | €25,245 | €171,769 | €104,886 | €133,044 | ▲ 26.8% |
| + Depreciation and write-downs630 | €27,628 | €22,153 | €27,437 | €21,902 | €45,996 | €62,135 | €57,074 | ▼ 8.1% |
| Operating cash flow (approximation) | €71,310 | €36,049 | €36,620 | €47,147 | €217,765 | €167,021 | €190,118 | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€11,065 | -€46,804 | -€395,948 | -€1,200 | -€116,827 | -€2,543 | ▲ 97.8% |
| Change in cash | - | -€21,475 | -€1,847 | -€103,024 | €31,902 | €20,650 | €84,484 | ▲ 309% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as NCH CONSTRUCT SPRL has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of NCH CONSTRUCT SPRL itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for NCH CONSTRUCT SPRL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 28-10-2025 | 2025-00552982 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00526869 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00498208 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478836 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76300175 | |
| 31-03-2020 | micro format | 21-10-2020 | 2020-62400385 | |
| 31-03-2019 | micro format | 07-10-2019 | 2019-68900126 | |
| 31-03-2018 | micro format | 08-10-2018 | 2018-69000152 | |
| 31-03-2017 | micro format | 29-09-2017 | 2017-65800250 | |
| 31-03-2016 | full format | 15-09-2016 | 2016-60000115 |