NDC IMMO
ActiveSummary
NDC IMMO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,636 and a net result of €54,110, of which €102,292 non-recurring income. Equity is growing by about 43% per year across the filed financial years. Its solvency ranks better than 32% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €158,636
- Profit
- €54,110
- Board
- 4 members
- Holdings
- 1
Why 67raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.11, cash €2,156lowers riskSize: total assets €1.6mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro): better than 31% on solvency, 42% on liquidity, 47% on profitability and 36% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 7 accounts on average 54 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €54,110 ▲523%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 133% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95.6% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 1,448 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €102,292 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,957 | €16,440 | €14,917 | €61,015 | €33,529 | €21,794 | €57,072 | ▲ 162% |
| Other operating charges640/8 | - | - | - | €2,945 | €3,749 | €4,990 | €5,316 | ▲ 6.5% |
| Non-recurring operating charges66A | - | - | - | €599 | €935 | €8,604 | €0 | ▼ 100% |
| Gross operating margin9900 | €41,000 | €50,123 | €90,373 | €90,054 | €112,510 | €89,131 | €187,617 | ▲ 110% |
| Operating profit (loss)9901 | €17,198 | €28,339 | €72,046 | €25,495 | €74,296 | €53,743 | €125,229 | ▲ 133% |
| Financial income75/76B | - | - | - | €0 | €416 | €246 | €1 | ▼ 99.5% |
| Recurring financial income75 | €1,337 | €0 | €0 | €0 | €416 | €246 | €1 | ▼ 99.5% |
| Financial charges65/66B | - | - | - | €20,928 | €34,960 | €39,610 | €43,070 | ▲ 8.7% |
| Recurring financial charges65 | €8,232 | €16,652 | €14,714 | €20,928 | €34,960 | €39,610 | €43,070 | ▲ 8.7% |
| Profit (loss) for the period before taxes9903 | €10,303 | €11,687 | €57,333 | €4,567 | €39,753 | €14,379 | €82,160 | ▲ 471% |
| Income taxes67/77 | €3,316 | €4,048 | €15,092 | €4,407 | €12,544 | €5,691 | €28,050 | ▲ 393% |
| Profit (loss) for the period9904 | €6,987 | €7,639 | €42,240 | €160 | €27,209 | €8,688 | €54,110 | ▲ 523% |
| Profit (loss) for the period to be appropriated9905 | €6,987 | €7,639 | €42,240 | €160 | €27,209 | €8,688 | €54,110 | ▲ 523% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €0.5m | €0.6m | €1.2m | €1.5m | €1.8m | €1.6m | ▼ 12.0% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €1.2m | €1.5m | €1.8m | €1.6m | ▼ 11.6% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.5m | €1.1m | €1.4m | €1.8m | €1.6m | ▼ 11.6% |
| Land and buildings22 | - | - | - | €1.1m | €1.3m | €1.7m | €1.5m | ▼ 12.9% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.004m | €0.003m | €0.001m | ▼ 46.9% |
| Furniture and vehicles24 | - | - | - | €218 | €0.002m | €0.004m | €0.02m | ▲ 304% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.09m | €0.09m | €0.09m | ▼ 1.1% |
| Financial fixed assets28 | €370 | €0.003m | €0.003m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.02m | €0.02m | €0.09m | €0.03m | €0.06m | €0.04m | €0.03m | ▼ 32.4% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.09m | €0.03m | €0.05m | €0.04m | €0.02m | ▼ 45.4% |
| Trade receivables40 | - | - | - | €0.03m | €0.02m | €0.04m | €0.02m | ▼ 46.7% |
| Other amounts receivable41 | - | - | - | €14 | €0.03m | €0.001m | €0.001m | ▲ 41.2% |
| Cash at bank and in hand54/58 | €0.01m | €246 | €136 | €0.002m | €273 | €0.001m | €0.002m | ▲ 71.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €448 | €0.004m | ▲ 851% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.6m | €1.2m | €1.5m | €1.8m | €1.6m | ▼ 12.0% |
| Equity10/15 | €0.02m | €0.03m | €0.07m | €0.08m | €0.2m | €0.2m | €0.2m | ▼ 3.6% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | €0.01m | €0.06m | €0.06m | €0.001m | ▼ 98.3% |
| Profit (loss) carried forward14 | -€0.001m | €0.007m | €0.05m | €0.05m | €0.07m | €0.08m | €0.1m | ▲ 64.8% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.5m | €1.1m | €1.4m | €1.7m | €1.5m | ▼ 12.9% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €1.0m | €1.3m | €1.4m | €1.2m | ▼ 16.8% |
| Financial debts170/4 | - | - | - | €0.9m | €1.2m | €1.4m | €1.1m | ▼ 17.9% |
| Other amounts payable178/9 | - | - | - | €0.08m | €0.07m | €0.07m | €0.08m | ▲ 3.4% |
| Amounts payable within one year42/48 | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 11.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.03m | €0.02m | €0.05m | ▲ 109% |
| Financial debts43 | - | - | - | €0.009m | €0.01m | €0.003m | €0.02m | ▲ 528% |
| Credit institutions430/8 | - | - | - | €0.009m | €0.01m | €0.003m | €0.02m | ▲ 528% |
| Trade debts44 | €0.007m | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | €0.007m | ▼ 70.3% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.02m | €0.007m | ▼ 70.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.04m | €0.06m | €0.04m | ▼ 39.6% |
| Taxes450/3 | - | - | - | €0.06m | €0.04m | €0.06m | €0.04m | ▼ 39.6% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.004m | €0.1m | €0.1m | ▲ 21.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.004m | €0.005m | ▲ 15.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,987 | €7,639 | €42,240 | €160 | €27,209 | €8,688 | €54,110 | ▲ 523% |
| + Depreciation and write-downs630 | €20,957 | €16,440 | €14,917 | €61,015 | €33,529 | €21,794 | €57,072 | ▲ 162% |
| Operating cash flow (approximation) | €27,944 | €24,079 | €57,158 | €61,175 | €60,738 | €30,482 | €111,183 | ▲ 265% |
| Investment in fixed assets (approximation) | - | -€33,007 | -€3,300 | -€736,800 | -€327,745 | -€365,782 | €150,305 | - |
| Change in cash | - | -€9,538 | -€110 | €2,251 | -€2,114 | €987 | €896 | ▼ 9.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021709 |
| 30-06-2024 | abbreviated format | 26-12-2024 | 2024-00625434 |
| 30-06-2023 | abbreviated format | 13-12-2023 | 2023-00526851 |
| 30-06-2022 | abbreviated format | 14-12-2022 | 2022-20536876 |
| 30-06-2021 | micro format | 08-10-2021 | 2021-71400224 |
| 30-06-2020 | abbreviated format | 04-11-2020 | 2020-68300270 |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76500019 |
| 30-06-2018 | micro format | 15-09-2018 | 2018-63000372 |
| 30-06-2017 | micro format | 21-11-2017 | 2017-70000450 |
| 30-06-2016 | abbreviated format | 06-02-2017 | 2017-04100350 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €330 awarded · €330 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COX Charles |
|
| DE COCK Diederik Hendrik |
|
| DE COCK Nils Guido |
|
| DE COCK Silke Diana |
|
Owners and capital
Capital and shareholders
- 20-12-2023 Converted to unavailable equity · €20,000
- 20-12-2023 Converted to available equity · €20,000
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the annual accounts to 30-06-2025 of NDC IMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
08-09
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, Eendrachtstraat, 60, bus 5 - 1050 Elsene
20-12
Gazette deed
Appointments: DE COCK Nils Guido, DE COCK Diederik Hendrik and 2 othersResignation: DE COCK Nils Guido (manager) · Amendment of the articles · Capital conversion14 facts ▸
- General meeting, 14-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Director appointment, DE COCK Nils Guido (statutory director) (2 times)
- Director appointment, DE COCK Diederik Hendrik (opvolgend bestuurder)
- Other provision, “echtgenote van opvolgend bestuurder” (deed in Dutch)
- Director appointment, DE COCK Silke Diana (opvolgend bestuurder)
- Other provision, “echtgenoot van opvolgend bestuurder” (deed in Dutch)
- Director appointment, COX Charles (opvolgend bestuurder)
- Power of attorney
- Director resignation, DE COCK Nils Guido (manager)
- +2 further facts in this act
23-02
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 30-12-2022
- Registered-office move, Kiekenmarkt 52 b 7.02 - 1000 Brussel
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21009A0350/00D010 | Brussels | 1,616 m² | 1 · 224 m² | 22.2 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren…” (deed in Dutch)
7 activities (deed in Dutch)
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- Het toestaan en aangaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen.
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur.
- Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies.
- Alle bedrijvigheden betreffende roerende en onroerende goederen of rechten
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; het beheer van residentieel en niet-residentieel onroerend goed, al dan niet in hoedanigheid van syndicus; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NDC IMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijk Gewest, bestuursorgaan kan bij enkel besluit administratieve…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, behalve deze die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Algemene kosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of December at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, indien geen andere vereffenaar benoemd” (deed in Dutch)