ND Construction
ActiveSummary
ND Construction has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €-4k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-25
Solvency34▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.86 in 2023; short-term debt: 47.8% and cash: 30.5% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
9.3%
Return on assets
-1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
9 d late
2022
31 d late
2021
30 d late
2020
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€29k▼ 13.5%
2023 · €34k
2020: €18k
2021: €11k▼ -35.1% vs 2020lowest in 5 years
2022: €23k▲ +97.1% vs 2021
2023: €34k▲ +50.3% vs 2022highest in 5 years
2024: €29k▼ -13.5% vs 2023
2020 → 2024
Total assets
€316k▲ 34.7%
2023 · €235k
2020: €39klowest in 5 years
2021: €78k▲ +102% vs 2020
2022: €53k▼ -31.5% vs 2021
2023: €235k▲ +340% vs 2022
2024: €316k▲ +34.7% vs 2023highest in 5 years
2020 → 2024
Net result
€-4k
2023 · €11k
2020: €13khighest in 5 years
2021: €-6k▼ -149% vs 2020lowest in 5 years
2022: €11k▲ +280% vs 2021
2023: €11k▲ +2.0% vs 2022
2024: €-4k▼ -139% vs 2023
2020 → 2024
Working capital
€-21k▼ 244%
2023 · €-6k
2020: €3k
2021: €-4k▼ -213% vs 2020
2022: €25k▲ +753% vs 2021highest in 5 years
2023: €-6k▼ -124% vs 2022
2024: €-21k▼ -244% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18k-€11k▼ 35.1%€23k▲ 97.1%€34k▲ 50.3%€29k▼ 13.5%
2020: €18k
2021: €11k▼ -35.1% vs 2020lowest in 5 years
2022: €23k▲ +97.1% vs 2021
2023: €34k▲ +50.3% vs 2022highest in 5 years
2024: €29k▼ -13.5% vs 2023
Operating result€16k-€-6k€13k€20k▲ 50.2%€4k▼ 81.5%
2020: €16k
2021: €-6k▼ -138% vs 2020lowest in 5 years
2022: €13k▲ +323% vs 2021
2023: €20k▲ +50.2% vs 2022highest in 5 years
2024: €4k▼ -81.5% vs 2023
Net result€13k-€-6k€11k€11k▲ 2.0%€-4k
2020: €13khighest in 5 years
2021: €-6k▼ -149% vs 2020lowest in 5 years
2022: €11k▲ +280% vs 2021
2023: €11k▲ +2.0% vs 2022
2024: €-4k▼ -139% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€186k ▼ 6.5%
Current assets
€130k ▲ 260%
Equity and liabilities €316k
Equity
€29k ▼ 13.5%
Debt
€287k ▲ 42.8%
Debt's share of the balance-sheet total rises from 85.5% to 90.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2023 · €37k
Cash flow
€24k▼
2023 · €28k
Current ratio
0.86▲
2023 · 0.86
Debt to equity
9.74▲
2023 · 5.90
ROE
-15.0%▼
2023 · 33.5%
ROA
-1.4%▼
2023 · 4.8%
Interest coverage
3.97▼
2023 · 6.31
Debt ≤ 1 year
€151k▲
2023 · €42k
Debt > 1 year
€134k▼
2023 · €158k
Staff costs
€8k▲
2023 · €2k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€235k€316k▲
Fixed assets21/28€198k€186k▼
Tangible fixed assets22/27€198k€185k▼
Land and buildings22€89k€105k▲
Plant, machinery and equipment23€19k€11k▼
Furniture and vehicles24€90k€70k▼
Financial fixed assets28€43€43=
Current assets29/58€36k€130k▲
Amounts receivable within one year40/41€2k€34k▲
Trade receivables40-€30k
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€34k€96k▲
Equity and liabilities
Total equity and liabilities10/49€235k€316k▲
Equity10/15€34k€29k▼
Contributions10/11€5k€5k=
Outside capital11€5k€5k=
Other1109/19€5k€5k=
Reserves13€29k-
Distributable reserves133€29k-
Profit (loss) carried forward14-€24k
Amounts payable17/49€201k€287k▲
Amounts payable after more than one year17€158k€134k▼
Financial debts170/4€158k€134k▼
Amounts payable within one year42/48€42k€151k▲
Current portion of amounts payable after more than one year42€30k€24k▼
Trade debts44€5k€23k▲
Suppliers440/4€5k€23k▲
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9-€17
Other amounts payable47/48€3k€102k▲
Accrued charges and deferred income492/3€727€2k▲
Income statement
Code20232024
Non-recurring operating income76A€11k€5k▼
Remuneration, social security and pensions62€2k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€29k▲
Other operating charges640/8€543€2k▲
Non-recurring operating charges66A€551€845▲
Gross operating margin9900€40k€43k▲
Operating profit (loss)9901€20k€4k▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€14k€-4k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€11k€-4k▼
Profit (loss) for the period to be appropriated9905€11k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-4k▼
Transfer from equity791/2€18k€29k▲
Transfer to equity691/2€29k-
To other reserves6921€29k-
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €231 | €11k | €5k | ▼ 56.0% |
| Remuneration, social security and pensions62 | - | €173 | €414 | €2k | €8k | ▲ 419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €9k | €17k | €29k | ▲ 67.4% |
| Other operating charges640/8 | - | €3k | €572 | €543 | €2k | ▲ 292% |
| Non-recurring operating charges66A | - | €247 | €621 | €551 | €845 | ▲ 53.4% |
| Gross operating margin9900 | €21k | €5k | €24k | €40k | €43k | ▲ 9.1% |
| Operating profit (loss)9901 | €16k | €-6k | €13k | €20k | €4k | ▼ 81.5% |
| Financial charges65/66B | - | €186 | €574 | €6k | €8k | ▲ 37.9% |
| Recurring financial charges65 | €23 | €76 | €574 | €6k | €8k | ▲ 37.9% |
| Non-recurring financial charges66B | - | €110 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €16k | €-6k | €13k | €14k | €-4k | ▼ 131% |
| Income taxes67/77 | €3k | - | €2k | €3k | - | - |
| Profit (loss) for the period9904 | €13k | €-6k | €11k | €11k | €-4k | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-6k | €11k | €11k | €-4k | ▼ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €78k | €53k | €235k | €316k | ▲ 34.7% |
| Fixed assets21/28 | €14k | €15k | €7k | €198k | €186k | ▼ 6.5% |
| Intangible fixed assets21 | €1 | - | - | - | - | - |
| Tangible fixed assets22/27 | €14k | €15k | €7k | €198k | €185k | ▼ 6.5% |
| Land and buildings22 | - | - | - | €89k | €105k | ▲ 18.0% |
| Plant, machinery and equipment23 | - | €12k | €7k | €19k | €11k | ▼ 44.9% |
| Furniture and vehicles24 | - | €3k | €161 | €90k | €70k | ▼ 22.6% |
| Financial fixed assets28 | €43 | €43 | €43 | €43 | €43 | = |
| Current assets29/58 | €24k | €62k | €46k | €36k | €130k | ▲ 260% |
| Amounts receivable within one year40/41 | €21k | €49k | €6k | €2k | €34k | ▲ 1,673% |
| Trade receivables40 | - | €49k | €4k | - | €30k | - |
| Other amounts receivable41 | - | €70 | €2k | €2k | €4k | ▲ 105% |
| Cash at bank and in hand54/58 | €3k | €13k | €40k | €34k | €96k | ▲ 181% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €78k | €53k | €235k | €316k | ▲ 34.7% |
| Equity10/15 | €18k | €11k | €23k | €34k | €29k | ▼ 13.5% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Outside capital11 | - | €5k | €5k | €5k | €5k | = |
| Other1109/19 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €13k | €13k | €18k | €29k | - | - |
| Distributable reserves133 | - | €13k | €18k | €29k | - | - |
| Profit (loss) carried forward14 | - | €-6k | - | - | €24k | - |
| Amounts payable17/49 | €21k | €66k | €31k | €201k | €287k | ▲ 42.8% |
| Amounts payable after more than one year17 | - | - | €10k | €158k | €134k | ▼ 15.1% |
| Financial debts170/4 | - | - | €10k | €158k | €134k | ▼ 15.1% |
| Amounts payable within one year42/48 | €21k | €66k | €21k | €42k | €151k | ▲ 258% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €30k | €24k | ▼ 20.2% |
| Trade debts44 | €682 | €4k | €6k | €5k | €23k | ▲ 409% |
| Suppliers440/4 | - | €4k | €6k | €5k | €23k | ▲ 409% |
| Taxes, remuneration and social security45 | - | €4k | €2k | €5k | €2k | ▼ 54.0% |
| Taxes450/3 | - | €4k | €2k | €5k | €2k | ▼ 54.4% |
| Remuneration and social security454/9 | - | - | - | - | €17 | - |
| Other amounts payable47/48 | - | €59k | €5k | €3k | €102k | ▲ 2,994% |
| Accrued charges and deferred income492/3 | - | - | - | €727 | €2k | ▲ 117% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-6k | €11k | €11k | €-4k | ▼ 139% |
| + Depreciation and write-downs630 | €5k | €8k | €9k | €17k | €29k | ▲ 67.4% |
| Operating cash flow (approximation) | €17k | €2k | €20k | €28k | €24k | ▼ 15.1% |
| Investment in fixed assets (approximation) | - | €-9k | €-519 | €-208k | €-16k | ▲ 92.5% |
| Change in cash | - | €10k | €27k | €-6k | €62k | ▲ 1,166% |
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
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.22
Current ratio from 0.94 to 2.22; short-term debt falls from €66k to €21k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
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, Binche · 1 establishment unit since 2020
Ground area
407 m²
Building footprint
113 m²
Volume, LiDAR
681 m³
Parcel 56084B0454/00L007, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ND CONSTRUCTION
since 20202.306.520.240
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56084B0454/00L007 | Wallonia | 407 m² | 1 · 113 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
11 categoriesND Construction SRL46014
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,506 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
Founded15-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43910Bricklaying and masonry work
46820Wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
81300Landscape service activities
Contact
E-mail
ndconstruction@hotmail.com
Phone
+32498768859
Scores and ratios are computed by Checked and are not a credit decision.