ND
ActiveSummary
The computed 12-month bankruptcy probability of ND is 2.9% (moderate). The 2025 annual accounts show negative equity (-€15,837) and a net result of -€9,259. Its solvency ranks better than 5% of 540 sector peers (NACE 77, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€15,837
- Loss
- -€9,259
- DESTERBECQ NicolasDirector
Why 48raises riskFounded in 2023Liquidity: current ratio 0.19Negative equity -€15,837lowers riskSize: total assets €24,017Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro): better than 7% on solvency, 1% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 12 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- IncorporationAppointment: DESTERBECQ Nicolas (director) ·…
Financials · financial year 2025, full format
2025 annual accounts filed late (18 days) Filed on 18 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00040773.
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €9,178 in 2025 against €9,424 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,826 | €6,325 | ▲ 31.1% |
| Other operating charges640/8 | €298 | €149 | ▼ 50.0% |
| Gross operating margin9900 | -€4,300 | -€2,704 | ▲ 37.1% |
| Operating profit (loss)9901 | -€9,424 | -€9,178 | ▲ 2.6% |
| Financial income75/76B | - | €2 | - |
| Recurring financial income75 | - | €2 | - |
| Financial charges65/66B | €154 | €83 | ▼ 46.1% |
| Recurring financial charges65 | €154 | €83 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | -€9,578 | -€9,259 | ▲ 3.3% |
| Profit (loss) for the period9904 | -€9,578 | -€9,259 | ▲ 3.3% |
| Profit (loss) for the period to be appropriated9905 | -€9,578 | -€9,259 | ▲ 3.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €17,985 | €24,017 | ▲ 33.5% |
| Fixed assets21/28 | €15,133 | €16,497 | ▲ 9.0% |
| Tangible fixed assets22/27 | €15,133 | €16,497 | ▲ 9.0% |
| Plant, machinery and equipment23 | - | €6,354 | - |
| Furniture and vehicles24 | €15,133 | €10,143 | ▼ 33.0% |
| Current assets29/58 | €2,852 | €7,520 | ▲ 164% |
| Stocks and contracts in progress3 | - | €3,322 | - |
| Stocks30/36 | - | €3,322 | - |
| Amounts receivable within one year40/41 | €2,360 | €3,454 | ▲ 46.4% |
| Trade receivables40 | €1,164 | €3,164 | ▲ 172% |
| Other amounts receivable41 | €1,196 | €290 | ▼ 75.8% |
| Deferred charges and accrued income490/1 | €492 | €744 | ▲ 51.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €17,985 | €24,017 | ▲ 33.5% |
| Equity10/15 | -€6,578 | -€15,837 | ▼ 141% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€9,578 | -€18,837 | ▼ 96.7% |
| Amounts payable17/49 | €24,563 | €39,854 | ▲ 62.3% |
| Amounts payable within one year42/48 | €24,563 | €39,854 | ▲ 62.3% |
| Trade debts44 | €16,703 | €30,199 | ▲ 80.8% |
| Suppliers440/4 | €16,703 | €30,199 | ▲ 80.8% |
| Taxes, remuneration and social security45 | €78 | €78 | = |
| Taxes450/3 | €78 | €78 | = |
| Other amounts payable47/48 | €7,782 | €9,577 | ▲ 23.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,578 | -€9,259 | ▲ 3.3% |
| + Depreciation and write-downs630 | €4,826 | €6,325 | ▲ 31.1% |
| Operating cash flow (approximation) | -€4,752 | -€2,934 | ▲ 38.3% |
| Investment in fixed assets (approximation) | - | -€7,689 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 18-02-2026 | 2026-00040773 |
| 30-06-2024 | full format | 06-02-2025 | 2025-00033220 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DESTERBECQ Nicolas |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-07
Gazette deed
IncorporationAppointment: DESTERBECQ Nicolas (director) · Founder · Founding capital11 facts ▸
- Incorporation, 12-07-2023
- Founder, DESTERBECQ Nicolas
- Founding capital, €3,000
- Bank account, “Banque CPH, société en formation” (deed in French)
- Capital
- Other provision, “Titre III : Titres” (deed in French)
- Other provision, “Titre IV : Administration – Contrôle” (deed in French)
- Other provision, “Titre IV : Assemblée générale” (deed in French)
- Registered office clause, “7904 Pipaix,Chaussée de Tournai,16, dépôt de l'extrait de l'acte constitutif au greffe” (deed in French)
- Director appointment, DESTERBECQ Nicolas (director (not named in the articles))
- Pre-incorporation commitments, “organe d'administration, takeover” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57065B0356/00Y002 | Wallonia | 443 m² | 1 · 406 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat,la vente en gros ou en détail,neuf ou d'occasion,la location,l'importation,l'exportation,l'entretien,la réparation,la vente à…” (deed in French)
13 activities (deed in French)
- L'achat,la vente en gros ou en détail,neuf ou d'occasion,la location,l'importation,l'exportation,l'entretien,la réparation,la vente à tempérament de tous matériels agricoles,horticoles et forestiers,matériels industriels ou de chantiers,de parcs et jardins,d'outillages divers,d'appareillages électriques,remorques,véhicules automobiles
- L'exploitation de magasins de pièces de rechange,de lubrifiants et carburants
- Le transport et le rapatriement de tous véhicules de Belgique ou de l'étranger
- La location et location-bail d'automobiles et d'autres véhicules légers de machines et d'équipement horticole,forestiers et agricoles,et de pièces et d'accessoires s'y rapportant
- Le commerce de détail par correspondance ou par Internet
- La location de tous types de véhicules avec ou sans chauffeur
- L’ensemble des services spécialisés aux pneus
- Le commerce au détail(neufs ou d’occasions)d’accessoires,de pièces détachées et d’équipements divers pour les véhicules automobiles
- Le commerce en gros d’automobiles et d’autres véhicules légers
- Les activités relatives à l’entretien et la réparation en général d’automobiles et d’autres véhicules automobiles légers
- Les activités relatives à l’entretien et la réparation de la carrosserie en général
- Le remorquage et le dépannage routier
- L’évaluation et l’estimation de véhicule motorisé ou non de tout type
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ND
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région wallonne ou en région bilingue de Bruxelles-Capitale par simple décision de l’organe…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation,statutaires possibles si nommés dans statuts, personnes physiques ou morales,actionnaires ou non” (deed in French)“Rémunération, assemblée générale décide gratuité ou non” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Sans agrément” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions-Droit de préférence, courrier électronique,ou courrier ordinaire même jour pour sans…” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction” (deed in French)