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ND OFFICE

Active
Public limited companyfounded 2024active for 2 yearsVlierbesstraat 5, 8531 Harelbeke, BelgiumKBO/BCE: BE 1011.290.821
Summary

ND OFFICE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,211 and a net result of €4,196. Its solvency ranks better than 16% of 10,686 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€69,211
Total assets
€606,314
Net result
€4,196
Working capital
-€396,070

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €606,314
Fixed assets €482,596
Current assets €123,718
Equity and liabilities €606,314
Equity €69,211
Debt €537,103
Debt finances 88.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€86,171
Cash flow
€83,496
Current ratio
0.24
Debt to equity
7.76
ROE
6.1%
ROA
0.7%
Interest coverage
41.20
Debt ≤ 1 year
€519,787
Debt > 1 year
€17,315
Income taxes
€601

Peer companies

Historical observation

Of the 896 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 98.1% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
0.7% stopped otherwise
98.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 896 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 · 48 lines
Balance sheet Code2025
Assets
Total assets20/58€606,314
Fixed assets21/28€482,596
Intangible fixed assets21€1,331
Tangible fixed assets22/27€480,939
Land and buildings22€432,258
Plant, machinery and equipment23€12,999
Furniture and vehicles24€35,681
Financial fixed assets28€327
Current assets29/58€123,718
Amounts receivable within one year40/41€10,787
Trade receivables40€9,249
Other amounts receivable41€1,538
Cash at bank and in hand54/58€109,575
Deferred charges and accrued income490/1€3,356
Equity and liabilities
Total equity and liabilities10/49€606,314
Equity10/15€69,211
Contributions10/11€65,015
Capital10€65,015
Issued capital100€65,015
Reserves13€4,000
Non-distributable reserves130/1€4,000
Legal reserve130€4,000
Profit (loss) carried forward14€196
Amounts payable17/49€537,103
Amounts payable after more than one year17€17,315
Financial debts170/4€17,315
Amounts payable within one year42/48€519,787
Current portion of amounts payable after more than one year42€9,405
Trade debts44€30,164
Suppliers440/4€30,164
Taxes, remuneration and social security45€5,060
Taxes450/3€5,060
Other amounts payable47/48€475,159
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79,300
Other operating charges640/8€3,887
Gross operating margin9900€90,058
Operating profit (loss)9901€6,871
Financial income75/76B€18
Recurring financial income75€18
Financial charges65/66B€2,091
Recurring financial charges65€2,091
Profit (loss) for the period before taxes9903€4,798
Income taxes67/77€601
Profit (loss) for the period9904€4,196
Profit (loss) for the period to be appropriated9905€4,196
Appropriation of the result
Profit (loss) to be appropriated9906€4,196
Transfer to equity691/2€4,000
To the legal reserve6920€4,000

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79,300
Other operating charges640/8€3,887
Gross operating margin9900€90,058
Operating profit (loss)9901€6,871
Financial income75/76B€18
Recurring financial income75€18
Financial charges65/66B€2,091
Recurring financial charges65€2,091
Profit (loss) for the period before taxes9903€4,798
Income taxes67/77€601
Profit (loss) for the period9904€4,196
Profit (loss) for the period to be appropriated9905€4,196
Line2025
Assets
Total assets20/58€606,314
Fixed assets21/28€482,596
Intangible fixed assets21€1,331
Tangible fixed assets22/27€480,939
Land and buildings22€432,258
Plant, machinery and equipment23€12,999
Furniture and vehicles24€35,681
Financial fixed assets28€327
Current assets29/58€123,718
Amounts receivable within one year40/41€10,787
Trade receivables40€9,249
Other amounts receivable41€1,538
Cash at bank and in hand54/58€109,575
Deferred charges and accrued income490/1€3,356
Equity and liabilities
Total equity and liabilities10/49€606,314
Equity10/15€69,211
Contributions10/11€65,015
Capital10€65,015
Issued capital100€65,015
Reserves13€4,000
Non-distributable reserves130/1€4,000
Legal reserve130€4,000
Profit (loss) carried forward14€196
Amounts payable17/49€537,103
Amounts payable after more than one year17€17,315
Financial debts170/4€17,315
Amounts payable within one year42/48€519,787
Current portion of amounts payable after more than one year42€9,405
Trade debts44€30,164
Suppliers440/4€30,164
Taxes, remuneration and social security45€5,060
Taxes450/3€5,060
Other amounts payable47/48€475,159
Line2025
Profit (loss) for the period9904€4,196
+ Depreciation and write-downs630€79,300
Operating cash flow (approximation)€83,496

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 21-07-2026 2026-00319131

Similar companies · same sector, comparable size

Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,878. 40,633 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.