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Generated 02-08-2026
Active BE 0761.789.302Private limited company

NCL Immo

Emile Van Dorenlaan 30 ·3600 Genk, Belgium· 5 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of NCL Immo is 0.4% (very low). The 2025 annual accounts show equity of €205k and a net result of €-40k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 499 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €205k
Net result €-40k
Better than sector 41%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health20Profitability0Solvency54Growth52Stability94
44 / 100

Fragile profile, watch profitability in particular.

Health 20
Profitability 0
Solvency 54
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
20 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 07-05-2026 with the NBB · fiscal year 2025 · verkort
€-250k€0€250k€500k€750kOperating result 2021: €159k€159kNet result 2021: €115k€115kOperating result 2022: €127k€127kNet result 2022: €84k€84kOperating result 2023: €164k€164kNet result 2023: €115k€115kOperating result 2024: €833k€833kNet result 2024: €604k€604kOperating result 2025: €-28k€-28kNet result 2025: €-40k€-40k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~20.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k€800k2026: €311k (€192k - €430k)2027: €351k (€160k - €541k)2028: €391k (€129k - €652k)2021: €117k2022: €76k2023: €191k2024: €795k2025: €205k20212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).

Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 35.8% 44.5%
better than 41% of 499 sector peers
Net result €-40k €56k
better than 6% of 499 sector peers
Equity €205k €213k
better than 49% of 499 sector peers
Gross operating margin €7k €98k
better than 12% of 499 sector peers
Staff costs €-9k €139k
higher than 5% of 95 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€3k
-99.7% -87% vs sector
Net profit
€-40k
- far below sector median
Cash flow
€-10k
- far below sector median
Total assets
€572k
-55.8% far above sector median
Equity
€205k
-74.2% far above sector median
Working capital
€-11k
- far below sector median
Employees (FTE)
5
-25.4% 21-25
Staff costs
€-9k
- far below sector median
Income taxes
€215k
+453.1% far above sector median
Dividends
€550k
+340.0% far above sector median
Debt
€368k
-26.7% far above sector median
Debt ≤ 1y
€100k
-37.5% +107% vs sector
Debt > 1y
€268k
-21.6% far above sector median
Current ratio
0.89
-80.3% -43% vs sector
Quick ratio
0.89
-80.3% -43% vs sector
Solvency
35.8%
-41.7% -21% vs sector
Debt / equity
1.79
+184.6% +50% vs sector
ROE
-19.7%
- far below sector median
ROA
-7.0%
- far below sector median
Interest coverage
0.20
-99.7% -99% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€3k
Net profit€-40k
Cash flow€-10k
Staff costs€-9k
Income taxes-
Dividends€550k
Total assets€572k
Equity€205k
Debt€368k
of which ≤ 1y€100k
of which > 1y€268k
Working capital€-11k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.89
Quick ratio0.89
Working capital ratio-2.0%
Solvency35.8%
Debt / equity1.79
Long-term debt ratio1.31
Interest coverage0.20
Gross margin-
Net margin-
ROA-7.0%
ROE-19.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€572k
Fixed assets 21/28€484k
Tangible fixed assets 22/27€484k
Current assets 29/58€89k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€85k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€572k
Equity 10/15€205k
Contributions / capital 10/11€2k
Reserves 13€203k
Amounts payable 17/49€368k
Amounts payable after one year 17€268k
Amounts payable within one year 42/48€100k
Trade debts payable within one year 44€75k
Income statement
Gross operating margin 9900€7k
Operating result 9901€-28k
Financial income 75€0
Financial charges 65€13k
Result before taxes 9903€-40k
Net result for the period 9904€-40k
Result to be appropriated 9905€-40k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company(610)
Incorporation19-01-2021
StatusActive
Postal code3600
Establishment units 1 location
TRANSELECT
Emile Van Dorenlaan 30, 3600 GenkOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
since 20212.313.272.232
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71308A0816/00S055 Flanders 783 m² 1 · 424 m² 12.5 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
07-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
05-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
27-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
13-03-2024
State Gazette act Director changes
2023
06-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
28-12-2022
State Gazette act Director changes
20-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 2 years ago
2024
13-03-2024 1 director appointed, 2 resigning Director changes
  • NCL Finance, Bestuurder
  • CommV NCL Finance, Dagelijks bestuur
  • Navarone Lenaerts, Vaste vertegenwoordiger
Technical details 
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      "evidence_quote": "De algemene vergadering verleent voor onbepaalde tijd volmacht aan iedere ontslagen bestuurder om, ook na zijn ontslag, namens de rechtspersoon de acties te stellen die nodig zijn voor de publicatie in het Belgisch Staatsblad en de Kruispuntbank van Ondernemingen van alle ontslagen waartoe in deze v",
      "decharge_status": "granted",
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  "notary": {
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  "act_meta": {
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2022
28-12-2022 2 directors appointed, 2 resigning Director changes
  • Cynex Tax & Accounting BV, Dagelijks bestuur
  • Cynex Tax & Accounting BV, Dagelijks bestuur
  • Quentin Suys, Gedelegeerd bestuurder
  • Quentin Suys, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Uitzendbureaus78200Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening78200Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL NCL Immo
Registered office
Emile Van Dorenlaan 30
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative