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ND VISION

Active
Public limited companyfounded 199036 years activeRue de la Montagne 1, 1360 Perwez, BelgiumKBO/BCE: BE 0440.463.043
Summary

ND VISION has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,591 and a net result of -€1,039. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 36% of 248 sector peers (NACE 27, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of electrical equipment
NACE 27900
#3 oldest company in Perwez, Manufacturing sector1 site
Size
€152,865total assets 2025
Equity
€49,591
Loss
-€1,039
Turnover not published (abridged schema)
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 92 days early0 of 3 deeds read
Why 93- Sector Manufacture of electrical equipment (NACE 27)+ Founded in 1990+ Liquidity: current ratio 4.57, cash €27,042+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (NACE 27, micro)
Financial strength · tick = 2024
Strong
Solvency 57+1
equity 32.4% of total assets
Liquidity 67-5
short-term debt 18.2% · cash 17.7%
Profitability 68+64
return on assets -0.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (435 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.3%▲ +0.2 percentage points vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025highest value 10-2025: 0.3%● unchanged vs 09-2025highest value 11-2025: 0.1%▼ -0.2 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 4.57 against 3.81 in 2024; short-term debt: 18.2% and cash: 17.7% of total assets), but 67.6% of the assets are financed with debt.
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 27, micro): better than 38% on solvency, 71% on liquidity, 45% on profitability and 36% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1990
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Manufacture of electrical equipment (NACE 27)
KBO
lowers risk · Liquidity: current ratio 4.57, cash €27,042
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1,039
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 30-09-2025, 92 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
92 days early
2024
32 days early
2023
58 days early
2022
27 days late
2021
35 days early
2020
72 days early
2019
63 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 26 November (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Position in the running window
31-05-2026 close08-10-2026 today31-12-2026 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€17,565

Key points

  • Positive: Oldest company in Perwez, Manufacturing sectorin the Checked rankings #3 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€1,039 View
  • Active since 1990founded 26-03-1990 36 years View

By topic

Financials

Fiscal year
2025
Total assets
€152,865
Loss
-€1,039
Solvency
32.4%
Go to Financials

Timeline

Events
12
Since
2016
Next accounts
by 31-12-2026
  1. 03-11-2023Annual accounts filed
  2. 27-01-2023Annual accounts filed
  3. 26-11-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of electrical equipmentNACE 27900
Founded
26-03-1990
Year ends
31-05
Peppol
Reachable for e-invoices
Go to Company details

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