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ND1 TECH

Active
Private limited companyfounded 20242 yrs activeLedehof 1, 9160 Lokeren, BelgiumKBO/BCE: BE 1010.123.653
Summary

The computed 12-month bankruptcy probability of ND1 TECH is 6.5% (elevated). The 2025 annual accounts show equity of €24,811 and a net result of €21,811. Its solvency ranks better than 46% of 33943 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990Electrical installation work in industrial facilities NACE 43212NACE 43999
1 site
Size
€57,219total assets 2025
Staff
0.1 FTE
Equity
€24,811
Profit
€21,811
Turnover not published (abridged schema)
Financial health
37 Weak Checked score 2025
Bankruptcy chance 12 m
6.5%
Structure
Accounts 1 d early1 of 3 deeds read
Why 37- 2 changes of registered office in 24 months- Founded in 2024- Size: total assets €57,219+ Figures for FY 2025 (filed 30-07-2026)Show the evidence

Checked score

Score 2025
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 54% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency 68
equity 43.4% of total assets
Liquidity 35
short-term debt 56.6% · cash 11.3%
Profitability 100
return on assets 38.1%
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 07-2025: 3.8%lowest value 08-2025: 3.9%▲ +2.3% vs 07-2025 09-2025: 4.0%▲ +1.8% vs 08-2025 10-2025: 4.5%▲ +13.6% vs 09-2025 11-2025: 5.0%▲ +10.4% vs 10-2025 12-2025: 5.0%● 0.0% vs 11-2025 01-2026: 5.2%▲ +4.3% vs 12-2025 02-2026: 5.3%▲ +2.0% vs 01-2026 03-2026: 9.4%▲ +77.8% vs 02-2026 04-2026: 9.5%▲ +0.5% vs 03-2026 05-2026: 9.8%▲ +3.8% vs 04-2026 06-2026: 10.0%▲ +2.2% vs 05-2026highest value 07-2026: 10.0%● 0.0% vs 06-2026highest value 08-2026: 6.5%▼ -35.3% vs 07-2026 09-2026: 6.5%● 0.0% vs 08-2026 10-2026: 6.5%● 0.0% vs 09-2026
  • 2 changes of registered office in 24 months raises the probability
  • Founded in 2024 raises the probability for this profile
  • Figures for FY 2025 (filed 30-07-2026) lowers the probability
  • Size: total assets €57,219 raises the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01; short-term debt: 56.6% and cash: 11.3% of total assets), and 56.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 46%, liquidity 23%, profitability 93%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Founded in 2024
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 30-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: total assets €57,219
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Registered officeRegistered-office move

Financials · fiscal year 2025, micro schema

Equity
€24,811
Total assets
€57,219
Net result
€21,811
Working capital
€457

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €57,219
Fixed assets €24,353
Current assets €32,866
Equity and liabilities €57,219
Equity €24,811
Debt €32,408
Debt finances 56.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€36,860
Cash flow
€26,967
Current ratio
1.01
Debt to equity
1.31
ROE
87.9%
ROA
38.1%
Interest coverage
580.10
Debt ≤ 1 year
€32,408
Income taxes
€9,834
Staff costs
€7,887

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

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

For this company itself Checked computes a higher bankruptcy probability: 6.5% 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 497,471 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% 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 39,278 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 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€57,219
Fixed assets21/28€24,353
Tangible fixed assets22/27€24,353
Plant, machinery and equipment23€17,930
Furniture and vehicles24€6,423
Current assets29/58€32,866
Amounts receivable within one year40/41€24,668
Trade receivables40€20,429
Other amounts receivable41€4,239
Cash at bank and in hand54/58€6,451
Deferred charges and accrued income490/1€1,747
Equity and liabilities
Total equity and liabilities10/49€57,219
Equity10/15€24,811
Contributions10/11€3,000
Reserves13€20,000
Distributable reserves133€20,000
Profit (loss) carried forward14€1,811
Amounts payable17/49€32,408
Amounts payable within one year42/48€32,408
Trade debts44€3,299
Suppliers440/4€3,299
Taxes, remuneration and social security45€14,112
Taxes450/3€9,834
Remuneration and social security454/9€4,278
Other amounts payable47/48€14,997
Income statement Code2025
Remuneration, social security and pensions62€7,887
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,157
Other operating charges640/8€564
Non-recurring operating charges66A€4,837
Gross operating margin9900€50,147
Operating profit (loss)9901€31,703
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€64
Recurring financial charges65€64
Profit (loss) for the period before taxes9903€31,645
Income taxes67/77€9,834
Profit (loss) for the period9904€21,811
Profit (loss) for the period to be appropriated9905€21,811
Appropriation of the result
Profit (loss) to be appropriated9906€21,811
Transfer to equity691/2€20,000
To other reserves6921€20,000

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€7,887
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,157
Other operating charges640/8€564
Non-recurring operating charges66A€4,837
Gross operating margin9900€50,147
Operating profit (loss)9901€31,703
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€64
Recurring financial charges65€64
Profit (loss) for the period before taxes9903€31,645
Income taxes67/77€9,834
Profit (loss) for the period9904€21,811
Profit (loss) for the period to be appropriated9905€21,811
Line2025
Assets
Total assets20/58€57,219
Fixed assets21/28€24,353
Tangible fixed assets22/27€24,353
Plant, machinery and equipment23€17,930
Furniture and vehicles24€6,423
Current assets29/58€32,866
Amounts receivable within one year40/41€24,668
Trade receivables40€20,429
Other amounts receivable41€4,239
Cash at bank and in hand54/58€6,451
Deferred charges and accrued income490/1€1,747
Equity and liabilities
Total equity and liabilities10/49€57,219
Equity10/15€24,811
Contributions10/11€3,000
Reserves13€20,000
Distributable reserves133€20,000
Profit (loss) carried forward14€1,811
Amounts payable17/49€32,408
Amounts payable within one year42/48€32,408
Trade debts44€3,299
Suppliers440/4€3,299
Taxes, remuneration and social security45€14,112
Taxes450/3€9,834
Remuneration and social security454/9€4,278
Other amounts payable47/48€14,997
Line2025
Profit (loss) for the period9904€21,811
+ Depreciation and write-downs630€5,157
Operating cash flow (approximation)€26,967

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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Directors

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 6 June 2024, ND1 TECH was incorporated as a Private limited company.1 In 2026 the registered office moved to Lokeren.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 03-02-2026
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
03-02
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 31-12-2025
  • Registered-office move, Ledehof 1, 9160 Lokeren
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded06-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010123653
Also 9925:BE1010123653
Registered 28-12-2025

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

Register as of 5 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
606 m²
Building footprint
180 m²
Volume, LiDAR
1,001 m³
Parcel 46384C0975/00P000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ND1 TECH
Ledehof 1, 9160 LokerenConstruction of utility projects for electricity and telecommunications
since 2024unit no. 2.360.254.478
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46384C0975/00P000 Flanders 606 m² 1 · 180 m² 8.8 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.