ND
ActiveSummary
The computed 12-month bankruptcy probability of ND is 3.6% (moderate). The 2024 annual accounts show equity of €26k and a net result of €-7k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 6720 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-55
Solvency86▼-2
Growth85=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 2.77 against 3.43 in 2023; short-term debt: 36% and cash: 41.9% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 2024Solvency, return and age of the figures
Solvency
60.8%
Return on assets
-16.6%
Age of the figures
21 mo
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 30-11-2025, 122 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
118 d late
2022
38 d late
2021
93 d late
2020
92 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€163k▲ 15.7%
2023 · €141k
2018: €33klowest in 7 years
2019: €104k▲ +211% vs 2018
2020: €62k▼ -40.4% vs 2019
2021: €36k▼ -42.2% vs 2020
2022: €106k▲ +196% vs 2021
2023: €141k▲ +33.3% vs 2022
2024: €163k▲ +15.7% vs 2023highest in 7 years
2018 → 2024
EBIT margin
-2.4%▼ 6.9pp
2023 · 4.5%
2018: 13.0%highest in 7 years
2019: 11.6%▼ -10.6% vs 2018
2020: 11.1%▼ -5.0% vs 2019
2021: -16.3%▼ -247% vs 2020lowest in 7 years
2022: -7.4%▲ +54.3% vs 2021
2023: 4.5%▲ +160% vs 2022
2024: -2.4%▼ -153% vs 2023
2018 → 2024
Net result
€-7k
2023 · €5k
2018: €-10klowest in 7 years
2019: €11k▲ +208% vs 2018highest in 7 years
2020: €6k▼ -47.9% vs 2019
2021: €-2k▼ -136% vs 2020
2022: €4k▲ +299% vs 2021
2023: €5k▲ +27.4% vs 2022
2024: €-7k▼ -235% vs 2023
2018 → 2024
Working capital
€27k▼ 26.4%
2023 · €36k
2018: €734lowest in 7 years
2019: €11k▲ +1358% vs 2018
2020: €25k▲ +129% vs 2019
2021: €16k▼ -34.5% vs 2020
2022: €18k▲ +14.6% vs 2021
2023: €36k▲ +97.0% vs 2022highest in 7 years
2024: €27k▼ -26.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€62k-€36k▼ 42.2%€106k▲ 196%€141k▲ 33.3%€163k▲ 15.7%
2020: €62k
2021: €36k▼ -42.2% vs 2020lowest in 5 years
2022: €106k▲ +196% vs 2021
2023: €141k▲ +33.3% vs 2022
2024: €163k▲ +15.7% vs 2023highest in 5 years
Equity€25k-€23k▼ 8.1%€27k▲ 17.5%€33k▲ 19.0%€26k▼ 21.5%
2020: €25k
2021: €23k▼ -8.1% vs 2020lowest in 5 years
2022: €27k▲ +17.5% vs 2021
2023: €33k▲ +19.0% vs 2022highest in 5 years
2024: €26k▼ -21.5% vs 2023
Operating result€7k-€-6k€-8k▼ 35.2%€6k€-4k
2020: €7khighest in 5 years
2021: €-6k▼ -185% vs 2020
2022: €-8k▼ -35.2% vs 2021lowest in 5 years
2023: €6k▲ +180% vs 2022
2024: €-4k▼ -162% vs 2023
Net result€6k-€-2k€4k€5k▲ 27.4%€-7k
2020: €6khighest in 5 years
2021: €-2k▼ -136% vs 2020
2022: €4k▲ +299% vs 2021
2023: €5k▲ +27.4% vs 2022
2024: €-7k▼ -235% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€150 ▼ 69.1%
Current assets
€42k ▼ 18.3%
Equity and liabilities €42k
Equity
€26k ▼ 21.5%
Debt
€17k ▼ 14.2%
Debt's share of the balance-sheet total rises from 37.2% to 39.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2023 · €7k
Cash flow
€-7k▼
2023 · €6k
Current ratio
2.77▼
2023 · 3.43
Debt to equity
0.65▲
2023 · 0.59
ROE
-27.4%▼
2023 · 16.0%
ROA
-16.6%▼
2023 · 10.0%
Interest coverage
-1.14▼
2023 · 4.44
Debt ≤ 1 year
€15k▲
2023 · €15k
Staff costs
€8k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€42k▼
Fixed assets21/28€486€150▼
Tangible fixed assets22/27€336-
Furniture and vehicles24€336-
Financial fixed assets28€150€150=
Current assets29/58€51k€42k▼
Amounts receivable within one year40/41€31k€24k▼
Trade receivables40€10k€8k▼
Other amounts receivable41€21k€16k▼
Cash at bank and in hand54/58€21k€18k▼
Equity and liabilities
Total equity and liabilities10/49€52k€42k▼
Equity10/15€33k€26k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€14k€7k▼
Amounts payable17/49€19k€17k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€15k€15k▲
Current portion of amounts payable after more than one year42€8k€4k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€581€2k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Turnover70€141k€163k▲
Goods, raw materials, services and sundry goods60/61€115k€158k▲
Remuneration, social security and pensions62€7k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€336€336=
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€11k-
Gross operating margin9900€26k€6k▼
Operating profit (loss)9901€6k€-4k▼
Financial income75/76B€373-
Recurring financial income75€373-
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€5k€-7k▼
Profit (loss) for the period9904€5k€-7k▼
Profit (loss) for the period to be appropriated9905€5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€7k▼
Profit (loss) brought forward from the previous period14P€9k€14k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €62k | €36k | €106k | €141k | €163k | ▲ 15.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €32k | €105k | €115k | €158k | ▲ 37.4% |
| Remuneration, social security and pensions62 | - | - | - | €7k | €8k | ▲ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €985 | €8k | €8k | €336 | €336 | = |
| Other operating charges640/8 | - | €1k | €585 | €2k | €1k | ▼ 52.5% |
| Non-recurring operating charges66A | - | - | - | €11k | - | - |
| Gross operating margin9900 | €13k | €3k | €1k | €26k | €6k | ▼ 78.7% |
| Operating profit (loss)9901 | €7k | €-6k | €-8k | €6k | €-4k | ▼ 162% |
| Financial income75/76B | - | €5k | €13k | €373 | - | - |
| Recurring financial income75 | - | €5k | €13k | €373 | - | - |
| Financial charges65/66B | - | €1k | €1k | €1k | €3k | ▲ 107% |
| Recurring financial charges65 | €561 | €1k | €1k | €1k | €3k | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €6k | €-2k | €4k | €5k | €-7k | ▼ 235% |
| Income taxes67/77 | €608 | - | - | - | - | - |
| Profit (loss) for the period9904 | €6k | €-2k | €4k | €5k | €-7k | ▼ 235% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-2k | €4k | €5k | €-7k | ▼ 235% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €57k | €52k | €52k | €42k | ▼ 18.8% |
| Fixed assets21/28 | €767 | €28k | €21k | €486 | €150 | ▼ 69.1% |
| Tangible fixed assets22/27 | €767 | €28k | €21k | €336 | - | - |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €28k | €21k | €336 | - | - |
| Financial fixed assets28 | - | - | - | €150 | €150 | = |
| Current assets29/58 | €33k | €29k | €30k | €51k | €42k | ▼ 18.3% |
| Amounts receivable within one year40/41 | €11k | €18k | €17k | €31k | €24k | ▼ 20.9% |
| Trade receivables40 | - | €7k | €5k | €10k | €8k | ▼ 21.4% |
| Other amounts receivable41 | - | €11k | €13k | €21k | €16k | ▼ 20.7% |
| Cash at bank and in hand54/58 | €22k | €11k | €13k | €21k | €18k | ▼ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €57k | €52k | €52k | €42k | ▼ 18.8% |
| Equity10/15 | €25k | €23k | €27k | €33k | €26k | ▼ 21.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €7k | €5k | €9k | €14k | €7k | ▼ 50.1% |
| Amounts payable17/49 | €8k | €33k | €25k | €19k | €17k | ▼ 14.2% |
| Amounts payable after more than one year17 | - | €21k | €13k | €4k | - | - |
| Financial debts170/4 | - | €21k | €13k | €4k | - | - |
| Amounts payable within one year42/48 | €8k | €13k | €12k | €15k | €15k | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €8k | €4k | ▼ 48.5% |
| Trade debts44 | €1k | €3k | €1k | €5k | €6k | ▲ 25.7% |
| Suppliers440/4 | - | €3k | €1k | €5k | €6k | ▲ 25.7% |
| Taxes, remuneration and social security45 | - | €530 | €912 | €2k | €5k | ▲ 147% |
| Taxes450/3 | - | €530 | €912 | €1k | €3k | ▲ 134% |
| Remuneration and social security454/9 | - | - | - | €581 | €2k | ▲ 182% |
| Other amounts payable47/48 | - | €2k | €2k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-2k | €4k | €5k | €-7k | ▼ 235% |
| + Depreciation and write-downs630 | €985 | €8k | €8k | €336 | €336 | = |
| Operating cash flow (approximation) | €7k | €6k | €12k | €6k | €-7k | ▼ 220% |
| Investment in fixed assets (approximation) | - | €-35k | €-2k | €21k | €0 | ▼ 100% |
| Change in cash | - | €-11k | €2k | €8k | €-3k | ▼ 139% |
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
2026
12-08
State Gazette act
Resignation: Mukund Gustave (director)2 facts ▸
State Gazette act
Resignation: Mukund Gustave (director)
2 facts ▸
- General meeting, 31/03/2026
- Director resignation, Mukund Gustave (director)
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
01-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 93 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 3.96
Current ratio from 1.52 to 3.96; short-term debt falls from €21k to €8k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
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.
31-03-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
14 of this company's 15 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2017
Ground area
1.6 ha
Building footprint
1,950 m²
Volume, LiDAR
32,681 m³
2 parcels, Brussels · tallest building 40.7 m, ±12 floors. Linked by address, not a title deed.
321
companies at this address
See who is registered here
1 establishment unit
ND
since 20172.262.230.238
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0214/00F000 | Brussels | 1.4 ha | 1 · 398 m² | 40.7 m · 12 fl. |
| 21002A0155/00P003 | Brussels | 1,552 m² | 1 · 1,552 m² | 21.7 m · 4 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 6,975 companies in sector 49320 we hold annual accounts for 2,714. 2,222 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
Founded17-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Contact
E-mail
dhouib@hotmail.comOudergem
Phone
0473386810Oudergem
Scores and ratios are computed by Checked and are not a credit decision.