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ND IMMO

Active
Private limited companyfounded 20205 yrs activeRue de Libersart(TSL) 33, 1457 Walhain, BelgiumKBO/BCE: BE 0759.866.128
Summary

The computed 12-month bankruptcy probability of ND IMMO is 4.4% (elevated). The annual accounts of ND IMMO for fiscal year 2025 show a net loss of 81% of total assets and of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €357 and a net result of -€491. Equity is shrinking by ~37.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency84▼-16
Growth58=
Track record94
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Age of the figures
Age of the figures
12 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
34 d early
2024
47 d early
2023
1 d early
2022
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 December 2020, ND IMMO was incorporated as a Private limited company.1 Total assets went from EUR 1,271 in 2022 to EUR 1,030 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2025, micro schema

Equity
€357▼ 57.9%
2024 · €849
Total assets
€604▼ 41.3%
2024 · €1,030
Net result
-€491▼ 1.0%
2024 · -€487
Working capital
€357▼ 57.9%
2024 · €849
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
Line2022202320242025
Operating result-€3,849-€284-€448-€453▼ 1.1%
Net result-€3,910-€246-€487-€491▼ 1.0%
Equity€1,090-€1,335▲ 22.5%€849▼ 36.4%€357▼ 57.9%
Total assets€1,271-€1,516▲ 19.3%€1,030▼ 32.1%€604▼ 41.3%
Debt€181-€181=€181=€247▲ 36.3%
Working capital€1,090-€1,335▲ 22.5%€849▼ 36.4%€357▼ 57.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0Operating result 2022: -€3,849-€3,849Net result 2022: -€3,910-€3,910Operating result 2023: €284€284Net result 2023: €246€246Operating result 2024: -€448-€448Net result 2024: -€487-€487Operating result 2025: -€453-€453Net result 2025: -€491-€4912022202320242025-€600-€400-€200€0€200Operating result 2023: €284€284Net result 2023: €246€246Operating result 2024: -€448-€448Net result 2024: -€487-€487Operating result 2025: -€453-€453Net result 2025: -€491-€491202320242025
The operating result stays negative: a loss of €453 in 2025 against €448 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €604
Equity €357 ▼ 57.9%
Debt €247 ▲ 36.3%
Debt's share of the balance-sheet total rises from 17.6% to 40.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€247▲
2024 · €181
Ratios withheld: a balance sheet total of €604 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.8% went bankrupt
9.2% stopped otherwise
87% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 19 lines
Balance sheet Code20242025
Assets
Total assets20/58€1,030€604▼
Current assets29/58€1,030€604▼
Cash at bank and in hand54/58€1,030€604▼
Equity and liabilities
Total equity and liabilities10/49€1,030€604▼
Equity10/15€849€357▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€4,151-€4,643▼
Amounts payable17/49€181€247▲
Amounts payable within one year42/48€181€247▲
Other amounts payable47/48€181€247▲
Income statement Code20242025
Gross operating margin9900-€448-€453▼
Operating profit (loss)9901-€448-€453▼
Financial charges65/66B€38€38=
Recurring financial charges65€38€38=
Profit (loss) for the period before taxes9903-€487-€491▼
Profit (loss) for the period9904-€487-€491▼
Profit (loss) for the period to be appropriated9905-€487-€491▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4,151-€4,643▼
Profit (loss) brought forward from the previous period14P-€3,665-€4,151▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€956----
Gross operating margin9900-€2,894€284-€448-€453▼ 1.1%
Operating profit (loss)9901-€3,849€284-€448-€453▼ 1.1%
Financial charges65/66B€61€38€38€38=
Recurring financial charges65€61€38€38€38=
Profit (loss) for the period before taxes9903-€3,910€246-€487-€491▼ 1.0%
Profit (loss) for the period9904-€3,910€246-€487-€491▼ 1.0%
Profit (loss) for the period to be appropriated9905-€3,910€246-€487-€491▼ 1.0%
Line2022202320242025Change
Assets
Total assets20/58€1,271€1,516€1,030€604▼ 41.3%
Current assets29/58€1,271€1,516€1,030€604▼ 41.3%
Cash at bank and in hand54/58€1,271€1,516€1,030€604▼ 41.3%
Equity and liabilities
Total equity and liabilities10/49€1,271€1,516€1,030€604▼ 41.3%
Equity10/15€1,090€1,335€849€357▼ 57.9%
Contributions10/11€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14-€3,910-€3,665-€4,151-€4,643▼ 11.8%
Amounts payable17/49€181€181€181€247▲ 36.3%
Amounts payable within one year42/48€181€181€181€247▲ 36.3%
Other amounts payable47/48€181€181€181€247▲ 36.3%
Line2022202320242025Change
Profit (loss) for the period9904-€3,910€246-€487-€491▼ 1.0%
Operating cash flow (approximation)-€3,910€246-€487-€491▼ 1.0%
Change in cash-€246-€487-€426▲ 12.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
27-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
14-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Back to profitnet €246
Net result €246 after one loss-making year.
30-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Walhain · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,022 m²
Building footprint
146 m²
Volume, LiDAR
836 m³
Parcel 25104A0168/00D000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SRL ND IMMO
Rue de Libersart(TSL) 33, 1457 WalhainReal estate development
since 20202.310.872.174
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25104A0168/00D000 Wallonia 2,021 m² 1 · 146 m² 8.3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.