NCVD Construct
ActiveSummary
The computed 12-month bankruptcy probability of NCVD Construct is 2.2% (moderate). The 2025 annual accounts show equity of €86,426 and a net result of -€46,928. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 2202 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+2
Solvency41▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 1.49 in 2024; short-term debt: 84.2% and cash: 0% of total assets), and 84.2% of the assets are financed with debt.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
-8.6%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192021232425
2019 to 2025 · latest year -€46,928
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2202 sector peers (2025).
NBB · sector comparisonPosition among 2202 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
4 d early
2023
28 d early
2021
3 d early
2020
32 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€86,426▼ 35.2%
2024 · €133,354
Total assets
€546,493▲ 36.0%
2024 · €401,967
Net result
-€46,928▼ 13.0%
2024 · -€41,535
Working capital
€86,334▼ 33.7%
2024 · €130,294
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€207,874-€101,104€66,933--€24,418-€25,688▼ 5.2%
Net result€145,019-€108,874€53,164--€41,535-€46,928▼ 13.0%
Equity€230,599▲ 169%€121,725▼ 47.2%€174,889-€133,354▼ 23.7%€86,426▼ 35.2%
Total assets€528,179▲ 44.3%€754,437▲ 42.8%€625,864-€401,967▼ 35.8%€546,493▲ 36.0%
Debt€297,580▲ 6.2%€632,712▲ 113%€450,975-€268,614▼ 40.4%€460,067▲ 71.3%
Working capital€231,707▲ 174%€112,201▼ 51.6%€190,225-€130,294▼ 31.5%€86,334▼ 33.7%
Staff (FTE)0-00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,688 in 2025 against €24,418 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €546,493
Fixed assets
€92 ▼ 97.0%
Current assets
€546,401 ▲ 37.0%
Equity and liabilities €546,493
Equity
€86,426 ▼ 35.2%
Debt
€460,067 ▲ 71.3%
Debt's share of the balance-sheet total rises from 66.8% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,720▼
2024 · -€21,434
Cash flow
-€43,960▼
2024 · -€38,551
Current ratio
1.19▼
2024 · 1.49
Quick ratio
0.00▼
2024 · 0.08
Debt to equity
5.32▲
2024 · 2.01
ROE
-54.3%▼
2024 · -31.1%
ROA
-8.6%▲
2024 · -10.3%
Interest coverage
-1.07▲
2024 · -1.25
Debt ≤ 1 year
€460,067▲
2024 · €268,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €649 | €2,067 | €5,003 | €2,985 | €2,968 | ▼ 0.6% |
| Other operating charges640/8 | - | €1,787 | €3,984 | €2,987 | €2,164 | ▼ 27.5% |
| Gross operating margin9900 | €212,193 | -€97,250 | €75,920 | -€18,447 | -€20,556 | ▼ 11.4% |
| Operating profit (loss)9901 | €207,874 | -€101,104 | €66,933 | -€24,418 | -€25,688 | ▼ 5.2% |
| Financial income75/76B | - | €41 | €0 | €16 | €10 | ▼ 39.8% |
| Recurring financial income75 | €287 | €41 | €0 | €16 | €10 | ▼ 39.8% |
| Financial charges65/66B | - | €7,811 | €13,769 | €17,134 | €21,250 | ▲ 24.0% |
| Recurring financial charges65 | €8,201 | €7,811 | €13,769 | €17,134 | €21,250 | ▲ 24.0% |
| Profit (loss) for the period before taxes9903 | €199,960 | -€108,874 | €53,164 | -€41,535 | -€46,928 | ▼ 13.0% |
| Income taxes67/77 | €54,940 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €145,019 | -€108,874 | €53,164 | -€41,535 | -€46,928 | ▼ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €145,019 | -€108,874 | €53,164 | -€41,535 | -€46,928 | ▼ 13.0% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €528,179 | €754,437 | €625,864 | €401,967 | €546,493 | ▲ 36.0% |
| Fixed assets21/28 | €1,639 | €9,857 | €6,044 | €3,060 | €92 | ▼ 97.0% |
| Tangible fixed assets22/27 | €1,639 | €9,857 | €6,044 | €3,060 | €92 | ▼ 97.0% |
| Plant, machinery and equipment23 | - | €575 | €810 | €397 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €9,281 | €5,234 | €2,663 | €92 | ▼ 96.6% |
| Current assets29/58 | €526,540 | €744,580 | €619,820 | €398,908 | €546,401 | ▲ 37.0% |
| Stocks and contracts in progress3 | €280,612 | €686,783 | €0 | €377,343 | €546,393 | ▲ 44.8% |
| Stocks30/36 | - | €686,783 | €0 | €377,343 | €546,393 | ▲ 44.8% |
| Amounts receivable within one year40/41 | €39 | €24 | €16,470 | €5,623 | €0 | ▼ 100% |
| Trade receivables40 | - | - | €1,002 | €2,721 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €24 | €15,469 | €2,902 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €245,426 | €56,395 | €14,350 | €15,848 | €8 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €1,379 | €589,000 | €93 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €528,179 | €754,437 | €625,864 | €401,967 | €546,493 | ▲ 36.0% |
| Equity10/15 | €230,599 | €121,725 | €174,889 | €133,354 | €86,426 | ▼ 35.2% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €130,599 | €130,599 | €130,599 | €130,599 | €130,599 | = |
| Distributable reserves133 | - | €130,599 | €130,599 | €130,599 | €130,599 | = |
| Profit (loss) carried forward14 | - | -€108,874 | -€55,710 | -€97,246 | -€144,173 | ▼ 48.3% |
| Amounts payable17/49 | €297,580 | €632,712 | €450,975 | €268,614 | €460,067 | ▲ 71.3% |
| Amounts payable within one year42/48 | €294,834 | €632,379 | €429,595 | €268,614 | €460,067 | ▲ 71.3% |
| Current portion of amounts payable after more than one year42 | - | €470,000 | €0 | - | - | - |
| Financial debts43 | - | €0 | €285,000 | €204,896 | €381,471 | ▲ 86.2% |
| Credit institutions430/8 | - | €0 | €285,000 | €204,896 | €381,471 | ▲ 86.2% |
| Trade debts44 | €3,247 | €11,497 | €1,306 | €5,331 | €8,375 | ▲ 57.1% |
| Suppliers440/4 | - | €11,497 | €1,306 | €5,331 | €8,375 | ▲ 57.1% |
| Taxes, remuneration and social security45 | - | €55,430 | €1,500 | €2,505 | €328 | ▼ 86.9% |
| Taxes450/3 | - | €55,430 | €1,500 | €2,505 | €328 | ▼ 86.9% |
| Other amounts payable47/48 | - | €95,452 | €141,789 | €55,882 | €69,893 | ▲ 25.1% |
| Accrued charges and deferred income492/3 | - | €333 | €21,381 | €0 | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145,019 | -€108,874 | €53,164 | -€41,535 | -€46,928 | ▼ 13.0% |
| + Depreciation and write-downs630 | €649 | €2,067 | €5,003 | €2,985 | €2,968 | ▼ 0.6% |
| Operating cash flow (approximation) | €145,668 | -€106,808 | €58,167 | -€38,551 | -€43,960 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | -€10,285 | - | €0 | €0 | - |
| Change in cash | - | -€189,031 | - | €1,499 | -€15,840 | ▼ 1,157% |
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
Next filing, fiscal year 2026, expected by
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €53,164
Net result €53,164 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €174,889 ▲43.7%
Equity rises from €121,725 to €174,889.
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€108,874
Net result drops to -€108,874, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €145,019
Net result €145,019 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €230,599 ▲169%
Equity rises from €85,580 to €230,599.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Blankenberge · 1 establishment unit since 2019
Ground area
685 m²
Building footprint
190 m²
Volume, LiDAR
442 m³
2 parcels, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NCVD Construct
since 20192.288.158.833
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034D0023/00K000 | Flanders | 462 m² | 1 · 101 m² | 4.1 m |
| 35020C0269/00H003 | Flanders | 223 m² | 1 · 89 m² | 6.4 m · 1 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,164 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
Founded03-04-2019
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
charline.vandemoortele@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.