NDC Construct
ActiveSummary
The computed 12-month bankruptcy probability of NDC Construct is 2.9% (moderate). The annual accounts of NDC Construct for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €324 and a net result of €-982. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+27
Solvency26▼-10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 1.11 in 2024; short-term debt: 98.6% and cash: 26.7% of total assets), and 98.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
1.4%
Return on assets
-4.4%
Age of the figures
9 mo
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 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-982
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 13%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
18 d late
2023
27 d late
2022
16 d late
2021
17 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€324▼ 75.2%
2024 · €1k
Total assets
€23k▲ 83.4%
2024 · €12k
Net result
€-982▲ 91.1%
2024 · €-11k
Working capital
€224▼ 81.4%
2024 · €1k
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€-4k-€4k€13k▲ 217%€-11k€-833▲ 92.3%
Net result€-4k-€3k€10k▲ 201%€-11k€-982▲ 91.1%
Equity€-948-€2k€12k▲ 423%€1k▼ 89.4%€324▼ 75.2%
Total assets€17k-€23k▲ 37.1%€24k▲ 5.9%€12k▼ 49.1%€23k▲ 83.4%
Debt€18k-€20k▲ 16.3%€12k▼ 42.0%€11k▼ 7.4%€22k▲ 102%
Working capital€-3k-€1k€12k▲ 747%€1k▼ 90.2%€224▼ 81.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €833 in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€100 =
Current assets
€22k ▲ 84.1%
Equity and liabilities €23k
Equity
€324 ▼ 75.2%
Debt
€22k ▲ 102%
Debt's share of the balance-sheet total rises from 89.4% to 98.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.01▼
2024 · 1.11
ROA
-4.4%▲
2024 · -89.3%
Debt ≤ 1 year
€22k▲
2024 · €11k
Equity ratios withheld: equity of €324 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €1k | €972 | €0 | - | - |
| Other operating charges640/8 | €106 | €158 | €1k | €1k | €1k | ▼ 5.1% |
| Gross operating margin9900 | €-1k | €6k | €15k | €-10k | €273 | ▲ 103% |
| Operating profit (loss)9901 | €-4k | €4k | €13k | €-11k | €-833 | ▲ 92.3% |
| Financial income75/76B | €2 | - | €0 | €0 | €3 | - |
| Recurring financial income75 | €2 | - | €0 | €0 | €3 | - |
| Financial charges65/66B | €197 | €784 | €543 | €150 | €152 | ▲ 1.3% |
| Recurring financial charges65 | €197 | €784 | €543 | €150 | €152 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €-4k | €3k | €13k | €-11k | €-982 | ▲ 91.1% |
| Income taxes67/77 | €120 | €120 | €3k | €0 | - | - |
| Profit (loss) for the period9904 | €-4k | €3k | €10k | €-11k | €-982 | ▲ 91.1% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €3k | €10k | €-11k | €-982 | ▲ 91.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €23k | €24k | €12k | €23k | ▲ 83.4% |
| Fixed assets21/28 | €2k | €1k | €100 | €100 | €100 | = |
| Tangible fixed assets22/27 | €2k | €972 | €0 | - | - | - |
| Furniture and vehicles24 | €2k | €972 | €0 | - | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €14k | €22k | €24k | €12k | €22k | ▲ 84.1% |
| Amounts receivable within one year40/41 | €8k | €18k | €13k | €4k | €13k | ▲ 259% |
| Trade receivables40 | €7k | €18k | €10k | €1k | €13k | ▲ 777% |
| Other amounts receivable41 | €886 | €45 | €3k | €2k | €984 | ▼ 57.9% |
| Cash at bank and in hand54/58 | €6k | €2k | €10k | €8k | €6k | ▼ 22.9% |
| Deferred charges and accrued income490/1 | €192 | €1k | €605 | €629 | €3k | ▲ 367% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €23k | €24k | €12k | €23k | ▲ 83.4% |
| Equity10/15 | €-948 | €2k | €12k | €1k | €324 | ▼ 75.2% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-4k | €-1k | €9k | €-2k | €-3k | ▼ 44.8% |
| Amounts payable17/49 | €18k | €20k | €12k | €11k | €22k | ▲ 102% |
| Amounts payable within one year42/48 | €17k | €20k | €12k | €11k | €22k | ▲ 102% |
| Trade debts44 | €5k | €11k | €4k | €5k | €7k | ▲ 38.3% |
| Suppliers440/4 | €5k | €11k | €4k | €5k | €7k | ▲ 38.3% |
| Advances received on contracts in progress46 | €128 | - | - | - | €5k | - |
| Taxes, remuneration and social security45 | €9k | €4k | €5k | €2k | €9k | ▲ 295% |
| Taxes450/3 | €120 | €191 | €3k | €33 | €33 | = |
| Remuneration and social security454/9 | €9k | €4k | €2k | €2k | €9k | ▲ 300% |
| Other amounts payable47/48 | €4k | €5k | €2k | €3k | €2k | ▼ 56.8% |
| Accrued charges and deferred income492/3 | €106 | €170 | €97 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €3k | €10k | €-11k | €-982 | ▲ 91.1% |
| + Depreciation and write-downs630 | €3k | €1k | €972 | €0 | - | - |
| Operating cash flow (approximation) | €-2k | €5k | €11k | €-11k | €-982 | ▲ 91.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-4k | €8k | €-2k | €-2k | ▲ 24.1% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2021net €10k ▲201%
Operating result €13k, net result €10k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2020
Ground area
166 m²
Building footprint
67 m²
Volume, LiDAR
639 m³
Parcel 52049B0114/00C004, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NDC Construct
since 20202.306.584.279
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52049B0114/00C004 | Wallonia | 166 m² | 1 · 66 m² | 11.3 m · 3 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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 664 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
Founded20-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.