NCVD Construct
Annual accounts 2025
abbreviated format, filed on 20-01-2026, 11 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €546,493 on 30-06-2025in euro
in euro
Position in the sector
15.8%
Higher than 24% of 2,818 companies in 2025.
1.19
Higher than 32% of 2,746 companies in 2025.
-8.6%
Higher than 12% of 2,782 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
546,493 | 401,967 | 625,864 | 754,437 | 528,179 | 365,903 | |
21/28 |
92 | 3,060 | 6,044 | 9,857 | 1,639 | 900 | |
22/27 |
92 | 3,060 | 6,044 | 9,857 | 1,639 | 900 | |
23 |
0 | 397 | 810 | 575 | 1,281 | 900 | |
24 |
92 | 2,663 | 5,234 | 9,281 | 357 | - | |
29/58 |
546,401 | 398,908 | 619,820 | 744,580 | 526,540 | 365,002 | |
3 |
546,393 | 377,343 | 0 | 686,783 | 280,612 | 325,944 | |
30/36 |
546,393 | 377,343 | 0 | 686,783 | 280,612 | 325,944 | |
40/41 |
0 | 5,623 | 16,470 | 24 | 39 | 3,909 | |
40 |
0 | 2,721 | 1,002 | - | - | 2,289 | |
41 |
0 | 2,902 | 15,469 | 24 | 39 | 1,621 | |
54/58 |
8 | 15,848 | 14,350 | 56,395 | 245,426 | 34,984 | |
490/1 |
0 | 93 | 589,000 | 1,379 | 464 | 165 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
546,493 | 401,967 | 625,864 | 754,437 | 528,179 | 365,903 | |
10/15 |
86,426 | 133,354 | 174,889 | 121,725 | 230,599 | 85,580 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
100 |
- | - | - | - | - | 100,000 | |
11 |
- | - | - | - | 100,000 | - | |
1109/19 |
- | - | - | - | 100,000 | - | |
13 |
130,599 | 130,599 | 130,599 | 130,599 | 130,599 | - | |
133 |
130,599 | 130,599 | 130,599 | 130,599 | 130,599 | - | |
14 |
-144,173 | -97,246 | -55,710 | -108,874 | - | -14,420 | |
17/49 |
460,067 | 268,614 | 450,975 | 632,712 | 297,580 | 280,323 | |
42/48 |
460,067 | 268,614 | 429,595 | 632,379 | 294,834 | 280,323 | |
42 |
- | - | 0 | 470,000 | - | - | |
43 |
381,471 | 204,896 | 285,000 | 0 | 190,000 | 190,000 | |
430/8 |
381,471 | 204,896 | 285,000 | 0 | 190,000 | 190,000 | |
44 |
8,375 | 5,331 | 1,306 | 11,497 | 3,247 | 123 | |
440/4 |
8,375 | 5,331 | 1,306 | 11,497 | 3,247 | 123 | |
45 |
328 | 2,505 | 1,500 | 55,430 | 56,293 | 200 | |
450/3 |
328 | 2,505 | 1,500 | 55,430 | 56,293 | 200 | |
47/48 |
69,893 | 55,882 | 141,789 | 95,452 | 45,294 | 90,000 | |
492/3 |
- | 0 | 21,381 | 333 | 2,746 | - | |
| Income statement | |||||||
9900 |
-20,556 | -18,447 | 75,920 | -97,250 | 212,193 | -9,656 | |
630 |
2,968 | 2,985 | 5,003 | 2,067 | 649 | 299 | |
640/8 |
2,164 | 2,987 | 3,984 | 1,787 | 3,670 | 1,568 | |
9901 |
-25,688 | -24,418 | 66,933 | -101,104 | 207,874 | -11,523 | |
75/76B |
10 | 16 | 0 | 41 | 287 | 0 | |
75 |
10 | 16 | 0 | 41 | 287 | 0 | |
65/66B |
21,250 | 17,134 | 13,769 | 7,811 | 8,201 | 2,897 | |
65 |
21,250 | 17,134 | 13,769 | 7,811 | 8,201 | 2,897 | |
9903 |
-46,928 | -41,535 | 53,164 | -108,874 | 199,960 | -14,420 | |
67/77 |
- | - | - | 0 | 54,940 | - | |
9904 |
-46,928 | -41,535 | 53,164 | -108,874 | 145,019 | -14,420 | |
9905 |
-46,928 | -41,535 | 53,164 | -108,874 | 145,019 | -14,420 | |
| Appropriation of the result | |||||||
9906 |
-144,173 | -97,246 | -55,710 | -108,874 | 130,599 | -14,420 | |
14P |
-97,246 | -55,710 | -108,874 | 0 | - | - | |
691/2 |
- | - | - | 0 | 130,599 | - | |
6921 |
- | - | - | 0 | 130,599 | - | |
| Social balance sheet | |||||||
9087 |
0 | 0 | 0 | - | - | - | |
| Document | |||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 20-01-2026 | 2026-00010099 | |
| 30-06-2024 | abbreviated format | 27-01-2025 | 2025-00010563 | |
| 30-06-2023 | abbreviated format | 03-01-2024 | 2024-00541585 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235701 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26000027 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19100244 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| -22,720 | -21,434 | 71,936 | -99,038 | 208,523 | -11,224 | ||
| -43,960 | -38,551 | 58,167 | -106,808 | 145,668 | -14,121 | ||
| 0 | 0 | 1,190 | 10,285 | 1,387 | 1,199 | ||
| -15,840 | 1,499 | - | -189,031 | 210,442 | - | ||
| 86,334 | 130,294 | 190,225 | 112,201 | 231,707 | 84,679 | ||
| 15.8% | 33.2% | 27.9% | 16.1% | 43.7% | 23.4% | ||
| 1.19 | 1.49 | 1.44 | 1.18 | 1.79 | 1.30 | ||
| 0.00 | 0.08 | 1.44 | 0.09 | 0.83 | 0.14 | ||
| 5.32 | 2.01 | 2.58 | 5.20 | 1.29 | 3.28 | ||
| -54.3% | -31.1% | 30.4% | -89.4% | 62.9% | -16.9% | ||
| -8.6% | -10.3% | 8.5% | -14.4% | 27.5% | -3.9% | ||
| -1.07 | -1.25 | 5.22 | -12.68 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,190 | €10,285 |
| €2,968 | €2,985 | €5,003 | €2,067 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NCVD Construct
The operating result for 2025 is a loss of €25,688, larger than the loss of €24,418 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 66.8% to 84.2%. Equity is lower and debt is higher.