NDB Consultancy
NDB Consultancy has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-27k) and a net result of €37k. Equity is shrinking by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 6% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €-27k |
| Net result | €37k |
| Better than sector | 6% |
| Active | 6 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -28.3% | 55.9% | |
| Net result | €37k | €27k | |
| Equity | €-27k | €83k | |
| Gross operating margin | €59k | €54k | |
| Total assets | €96k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €58k | €58k | €29k | €18k | €76k |
| Net profit | €37k | €40k | €14k | €7k | €50k |
| Cash flow | €44k | €47k | €23k | €14k | €59k |
| Staff costs | - | - | - | - | - |
| Income taxes | €14k | €11k | €5k | €4k | €16k |
| Dividends | €72k | €106k | - | - | - |
| Total assets | €96k | €155k | €108k | €128k | €118k |
| Equity | €-27k | €8k | €74k | €60k | €52k |
| Debt | €123k | €148k | €34k | €69k | €66k |
| of which ≤ 1y | €123k | €148k | €34k | €69k | €63k |
| of which > 1y | - | - | - | €0 | €3k |
| Working capital | €-42k | €-12k | €56k | €52k | €43k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.66 | 0.92 | 2.64 | 1.76 | 1.68 |
| Quick ratio | 0.66 | 0.92 | 2.64 | 1.76 | 1.68 |
| Working capital ratio | -43.5% | -7.7% | 51.6% | 40.8% | 36.2% |
| Solvency | -28.3% | 5.0% | 68.5% | 46.5% | 44.3% |
| Debt / equity | -4.54 | 18.87 | 0.46 | 1.15 | 1.26 |
| Long-term debt ratio | - | - | - | 0.00 | 0.05 |
| Interest coverage | 226.89 | 992.67 | 171.01 | 52.46 | 71.37 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 38.2% | 25.5% | 13.2% | 5.7% | 42.6% |
| ROE | -135.3% | 507.2% | 19.3% | 12.2% | 96.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €96k | €155k | €108k | €128k | €118k |
| Fixed assets | 21/28 | €15k | €20k | €18k | €7k | €12k |
| Tangible fixed assets | 22/27 | €15k | €20k | €18k | €7k | €12k |
| Current assets | 29/58 | €82k | €136k | €90k | €121k | €106k |
| Amounts receivable within one year | 40/41 | €18k | €12k | €178 | €10k | €39k |
| Cash & bank | 54/58 | €63k | €122k | €89k | €110k | €66k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €96k | €155k | €108k | €128k | €118k |
| Equity | 10/15 | €-27k | €8k | €74k | €60k | €52k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-29k | €6k | €72k | €58k | €50k |
| Amounts payable | 17/49 | €123k | €148k | €34k | €69k | €66k |
| Amounts payable after one year | 17 | - | - | - | €0 | €3k |
| Amounts payable within one year | 42/48 | €123k | €148k | €34k | €69k | €63k |
| Trade debts payable within one year | 44 | €3k | €6k | €12k | €9k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €59k | €59k | €29k | €18k | €76k |
| Operating result | 9901 | €51k | €51k | €20k | €11k | €67k |
| Financial income | 75 | - | - | - | €0 | €2 |
| Financial charges | 65 | €256 | €58 | €168 | €336 | €1k |
| Result before taxes | 9903 | €50k | €51k | €19k | €11k | €66k |
| Income taxes | 67/77 | €14k | €11k | €5k | €4k | €16k |
| Net result for the period | 9904 | €37k | €40k | €14k | €7k | €50k |
| Result to be appropriated | 9905 | €37k | €40k | €14k | €7k | €50k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 30-04-2020 |
| Status | Active |
| Postal code | 1300 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0090/00K003 | Wallonia | 1,381 m² | 1 · 353 m² | 15.4 m · 4 fl. |
| 25050B0505/00Y002 | Wallonia | 423 m² | 1 · 77 m² | 6.7 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-07-2025 Registered office moved from Dion Valmont to Wavre
- Avenue Del copette 13, 1325 Dion Valmont → Avenue Molière 23, 1300 Wavre
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Avenue Moli\u00E8re 23, 1300 Wavre",
"city": "Wavre",
"region": "waals_gewest",
"street": "Avenue Moli\u00E8re",
"country": "BE",
"postcode": "1300",
"box_number": null,
"street_number": "23",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue Del copette 13, 1325 Dion Valmont",
"city": "Dion Valmont",
"region": "waals_gewest",
"street": "Avenue Del copette",
"country": "BE",
"postcode": "1325",
"box_number": null,
"street_number": "13",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-07-14",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2025-07-14",
"unanimous": null
},
"subject_company": {
"kbo": "0746.625.628",
"name_full": "NDB CONSULTANCY",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Nicolas de Bellefroid",
"org_rep_person_name": null,
"person_role_at_subject": "g\u00E9rant de la soci\u00E9t\u00E9"
},
"co_filed_documents": []
}10-06-2024 Registered office moved from La hulpe to Dion Valmont
- Avenue Antoinette herlin 21, 1310 La hulpe → Avenue Del Copette 13, 1325 Dion Valmont
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Avenue Del Copette 13, 1325 Dion Valmont",
"city": "Dion Valmont",
"region": "waals_gewest",
"street": "Avenue Del Copette",
"country": "BE",
"postcode": "1325",
"box_number": null,
"street_number": "13",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue Antoinette herlin 21, 1310 La hulpe",
"city": "La hulpe",
"region": "waals_gewest",
"street": "Avenue Antoinette herlin",
"country": "BE",
"postcode": "1310",
"box_number": null,
"street_number": "21",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-06-10",
"filing_date": "2024-05-29",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2024-05-29",
"unanimous": null
},
"subject_company": {
"kbo": "0746.625.628",
"name_full": "NDB CONSULTANCY",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Nicolas de Bellefroid",
"org_rep_person_name": null,
"person_role_at_subject": "g\u00E9rant de la soci\u00E9t\u00E9"
},
"co_filed_documents": [
"Bijl\u00E4gen b\u00EDj het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}| Legal nameFR | NDB Consultancy |