ND Pools
ActiveSummary
ND Pools has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,117 and a net result of €4,002. Equity has been stable since 2023 (±1.1% per year). Its solvency ranks better than 44% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-09-2022 Normal situation
- Activity
- Specialised construction activities NACE 43500and 1 other
- Establishment unit
- 2.335.446.630 9700 Oudenaarde, since 16-09-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 19-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €7,526
- Turnover
- ≈ €84,000
- estimated
- Profit
- €4,002
- Equity
- €23,117
- ▲ 20.9%
- Total assets
- €55,446
- ▲ 89.8%
Score breakdownraises riskFounded in 2022Size: total assets €55,446lowers riskLiquidity: current ratio 1.68, cash €31,139Figures for financial year 2025 (filed on 18-03-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 45% of them on solvency, 69% on liquidity, 50% on profitability and 68% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 39 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-03-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a profit of €6,452, after a loss of €3,000 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Intangible fixed assets | - | - | €3,000 |
| Depreciation and write-downs of the year | - | - | €759 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as ND Pools: specialised construction activities (NACE 43500). They are comparable in size and age: total assets between €40,700 and €286,000, founded between 2020 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ND Pools Oudenaarde | 2022 | €55,446 | €23,117 | €7,526 | €4,002 | 2025 |
| aiXten Etterbeek | 2025 | €111,458 | €3,781 | €6,570 | €3,781 | 2025 |
| NASTIKO BUILD Anderlecht | 2025 | €40,737 | €20,728 | €23,802 | €18,728 | 2025 |
| AMP Neupré Namur | 2025 | €138,738 | -€10,462 | €19,910 | -€20,462 | 2025 |
| BAR FLOR Rotselaar | 2021 | €117,534 | €80,420 | €68,928 | €48,075 | 2025 |
| JDC TRANS Lokeren | 2020 | €286,197 | €129,329 | €94,659 | €47,568 | 2025 |
| ADN Piscines Jodoigne | 2021 | €248,929 | €84,822 | €93,254 | €61,204 | 2025 |
They were chosen from the 19 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as ND Pools has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ND Pools itself is lower: 0.4% within 12 months. It rests on far more data about ND Pools than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ND Pools. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €759 | - |
| Other operating charges640/8 | €50 | €141 | €315 | ▲ 124% |
| Gross operating margin9900 | €25,860 | -€2,860 | €7,526 | - |
| Operating profit (loss)9901 | €25,810 | -€3,000 | €6,452 | - |
| Financial income75/76B | €19 | €21 | €77 | ▲ 267% |
| Recurring financial income75 | €19 | €21 | €77 | ▲ 267% |
| Financial charges65/66B | €137 | €507 | €1,253 | ▲ 147% |
| Recurring financial charges65 | €137 | €507 | €1,253 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €25,693 | -€3,486 | €5,276 | - |
| Income taxes67/77 | €5,591 | €0 | €1,275 | - |
| Profit (loss) for the period9904 | €20,102 | -€3,486 | €4,002 | - |
| Profit (loss) for the period to be appropriated9905 | €20,102 | -€3,486 | €4,002 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54,305 | €29,207 | €55,446 | ▲ 89.8% |
| Fixed assets21/28 | - | - | €2,241 | - |
| Intangible fixed assets21 | - | - | €2,241 | - |
| Current assets29/58 | €54,305 | €29,207 | €53,205 | ▲ 82.2% |
| Amounts receivable within one year40/41 | €7,588 | €5,559 | €21,791 | ▲ 292% |
| Trade receivables40 | €7,588 | €1,688 | €21,065 | ▲ 12× |
| Other amounts receivable41 | - | €3,872 | €725 | ▼ 81.3% |
| Cash at bank and in hand54/58 | €46,321 | €23,249 | €31,139 | ▲ 33.9% |
| Deferred charges and accrued income490/1 | €396 | €399 | €275 | ▼ 31.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54,305 | €29,207 | €55,446 | ▲ 89.8% |
| Equity10/15 | €22,602 | €19,116 | €23,117 | ▲ 20.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €20,102 | €16,616 | €20,617 | ▲ 24.1% |
| Distributable reserves133 | €20,102 | €16,616 | €20,617 | ▲ 24.1% |
| Amounts payable17/49 | €31,703 | €10,091 | €32,328 | ▲ 220% |
| Amounts payable within one year42/48 | €31,586 | €9,654 | €31,628 | ▲ 228% |
| Trade debts44 | €14,004 | €3,175 | €16,129 | ▲ 408% |
| Suppliers440/4 | €14,004 | €3,175 | €16,129 | ▲ 408% |
| Taxes, remuneration and social security45 | €12,104 | €0 | €3,718 | - |
| Taxes450/3 | €12,104 | €0 | €3,718 | - |
| Other amounts payable47/48 | €5,478 | €6,479 | €11,781 | ▲ 81.8% |
| Accrued charges and deferred income492/3 | €117 | €438 | €701 | ▲ 60.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,102 | -€3,486 | €4,002 | - |
| + Depreciation and write-downs630 | - | - | €759 | - |
| Operating cash flow (approximation) | €20,102 | -€3,486 | €4,760 | - |
| Change in cash | - | -€23,072 | €7,891 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- DEREU Nicolas founder
- STEVENS Kelly Martine founder
Capital transactions
- 20-09-2022 Incorporation · €2,500
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DEREU Nicolas |
|
| STEVENS Kelly Martine |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, indien geen andere vereffenaar benoemd”
Articles of association, deed of 20-09-2022 (in Dutch)
Network & group
ND Pools shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of ND Pools. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-09
Gazette deed
IncorporationStarting capital €2,500 · Appointments: DEREU Nicolas (director) and STEVENS Kelly Martine (director) · Founder · Share issue10 points ▸
- Incorporation, “ND Pools” (deed in Dutch)
- Founder, DEREU Nicolas
- Founder, STEVENS Kelly Martine
- Share issue, 20, “inbrengen” (deed in Dutch)
- Founding capital, €2,500
- General meeting, “onmiddellijk gehouden, eenparigheid van stemmen” (deed in Dutch)
- Director appointment, DEREU Nicolas (director)
- Director appointment, STEVENS Kelly Martine (director)
- Pre-incorporation commitments, “takeover, verbintenissen voor rekening en ten name van vennootschap in oprichting” (deed in Dutch)
- Other provision, “ontledend uittreksel en registratie, VOOR ONTLEDEND UITTREKSEL” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0790.889.302
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45014A0584/00K002 | Flanders | 650 m² | 1 · 112 m² | 6.3 m · 2 |