ND2
ActiveSummary
ND2 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-338k) and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.27 in 2024; short-term debt: 403.7% and cash: 98.3% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-303.7%
Return on assets
-26%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-338k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
57 d late
2023
358 d late
2022
31 d late
2021
5 d early
2020
27 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€-338k▼ 9.4%
2024 · €-309k
Total assets
€111k▼ 3.0%
2024 · €115k
Net result
€-29k▲ 9.2%
2024 · €-32k
Working capital
€-338k▼ 9.4%
2024 · €-309k
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
Line20212022202320242025
Operating result€11k▲ 8.1%€13k▲ 16.2%€-280k€-16k▲ 94.5%€-5k▲ 64.9%
Net result€-296k€-32k▲ 89.2%€-29k▲ 9.2%
Equity€19k=€19k=€-277k€-309k▼ 11.5%€-338k▼ 9.4%
Total assets€277k▲ 13.1%€292k▲ 5.6%€39k▼ 86.5%€115k▲ 192%€111k▼ 3.0%
Debt€258k▲ 14.2%€274k▲ 6.0%€317k▲ 15.7%€424k▲ 33.9%€450k▲ 6.0%
Working capital€19k=€19k=€-277k€-309k▼ 11.5%€-338k▼ 9.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €16k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-303.7%▼
2024 · -269.3%
Current ratio
0.25▼
2024 · 0.27
Debt to equity
-1.33▲
2024 · -1.37
ROA
-26.0%▲
2024 · -27.8%
Debt ≤ 1 year
€450k▲
2024 · €424k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €522 | €525 | €825 | €505 | €1k | ▲ 157% |
| Gross operating margin9900 | €11k | €13k | €-279k | €-15k | €-4k | ▲ 72.3% |
| Operating profit (loss)9901 | €11k | €13k | €-280k | €-16k | €-5k | ▲ 64.9% |
| Financial income75/76B | €618 | - | - | - | - | - |
| Recurring financial income75 | €618 | - | - | - | - | - |
| Financial charges65/66B | €11k | €13k | €16k | €16k | €24k | ▲ 43.2% |
| Recurring financial charges65 | €11k | €13k | €16k | €16k | €24k | ▲ 43.2% |
| Profit (loss) for the period before taxes9903 | - | - | €-296k | €-32k | €-29k | ▲ 9.2% |
| Profit (loss) for the period9904 | - | - | €-296k | €-32k | €-29k | ▲ 9.2% |
| Profit (loss) for the period to be appropriated9905 | - | - | €-296k | €-32k | €-29k | ▲ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €277k | €292k | €39k | €115k | €111k | ▼ 3.0% |
| Current assets29/58 | €277k | €292k | €39k | €115k | €111k | ▼ 3.0% |
| Stocks and contracts in progress3 | €237k | €258k | - | - | - | - |
| Stocks30/36 | €237k | €258k | - | - | - | - |
| Amounts receivable within one year40/41 | €18k | €1k | €7k | €2k | €2k | = |
| Trade receivables40 | €1k | €1k | €7k | €2k | €2k | = |
| Other amounts receivable41 | €16k | - | - | €5 | €5 | = |
| Cash at bank and in hand54/58 | €22k | €33k | €32k | €113k | €109k | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €277k | €292k | €39k | €115k | €111k | ▼ 3.0% |
| Equity10/15 | €19k | €19k | €-277k | €-309k | €-338k | ▼ 9.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | - | - | €-296k | €-328k | €-357k | ▼ 8.8% |
| Amounts payable17/49 | €258k | €274k | €317k | €424k | €450k | ▲ 6.0% |
| Amounts payable within one year42/48 | €258k | €274k | €317k | €424k | €450k | ▲ 6.0% |
| Trade debts44 | €21k | €6k | €13k | €7k | €9k | ▲ 28.1% |
| Suppliers440/4 | €21k | €6k | €13k | €7k | €9k | ▲ 28.1% |
| Other amounts payable47/48 | €237k | €268k | €304k | €417k | €440k | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | €-296k | €-32k | €-29k | ▲ 9.2% |
| Operating cash flow (approximation) | - | - | €-296k | €-32k | €-29k | ▲ 9.2% |
| Change in cash | - | €11k | €-1k | €81k | €-3k | ▼ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 358 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Brasschaat · 1 establishment unit since 2015
Ground area
4,803 m²
Building footprint
358 m²
Volume, LiDAR
2,309 m³
Parcel 11322E0071/00N000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ND2
since 20152.250.150.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0071/00N000 | Flanders | 4,803 m² | 1 · 358 m² | 11.1 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 3,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.