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NDC Projects

Active Private limited companyfounded 2010active for 16 yearsTicheltij 19A, 2390 MalleKBO/BCE: BE 0826.212.346
NDC Projects
Financial year 2026
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Annual accounts 2026

micro format, filed on 28-09-2026, 33 days before the deadline
Gross margin
€15,576
▼ 45.0%
Operating result
€9,262
▼ 58.6%
Loss
-€146
▼ €10,205
Working capital
€16,165
▲ 3.2%
Solvency
53.7%
▲ 11.9 percentage points
Current ratio
1.78
▲ 0.31

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €73,000. Estimated: probably between €35,000 and €150,000.

Balance sheet

balance sheet total €47,995 on 31-03-2026
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency53.7%

Higher than 39% of 39,312 companies in 2025.

Current ratio1.78

Higher than 38% of 37,997 companies in 2025.

Return on assets-0.3%

Higher than 53% of 38,469 companies in 2025.

NDC Projects Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202620252024202320222021202020192018201720162015201420132012
Balance sheet: assets
Total assets20/58 47,99562,09366,82542,10460,50653,37277,61342,22144,24255,09349,21884,17060,86246,69784,761
Fixed assets21/28 11,08612,7175,3163,2033,0128,29016,316-1,3153,8663,0954,1646,3182,6073,205
Tangible fixed assets22/27 11,08612,7175,3163,2033,0128,29016,316-1,3153,8663,0954,1646,3182,6073,205
Plant, machinery and equipment23 5,3407,1201,562-----1,1792,358--270501732
Furniture and vehicles24 3,7162,8281,0285129108,29016,316-1369662,0122,5393,8832,1062,472
Other tangible fixed assets26 2,0302,7692,7262,6912,102----5421,0831,6252,166--
Current assets29/58 36,90949,37661,50938,90157,49445,08261,29742,22142,92651,22846,12380,00654,54444,09081,556
Amounts receivable within one year40/41 20,41022,09531,47227,08244,89433,61255,30839,19818,94826,59530,57271,65241,13025,66735,738
Trade receivables40 15,12515,12517,40817,00010,15010,22121,21011,67785485411,18331,77012,5907,75915,580
Other amounts receivable41 5,2856,97014,06410,08234,74423,39134,09727,52218,09525,74119,39039,88228,54017,90820,158
Cash at bank and in hand54/58 1,05410,88223,21110,50410,0328,7003,308-21,01321,7449,7155,56412,93017,96245,361
Deferred charges and accrued income490/1 15,44516,3996,8251,3142,5692,7702,6823,0222,9652,8895,8362,790483460458
Balance sheet: equity and liabilities
Total equity and liabilities10/49 47,99562,09366,82542,10460,50653,37277,61342,22144,24255,09349,21884,17060,86246,69784,761
Equity10/15 25,75125,89715,83822,44614,55738,07414,50024,49720,96914,54021,43314,30439,00127,26254,690
Contributions10/11 5,0005,0005,0005,00012,40012,400-12,40012,40012,40012,40012,40012,40012,40012,400
Issued capital100 -------18,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 -------6,2006,2006,2006,2006,2006,2006,2006,200
Contributions outside capital11 ------12,400--------
Share premium1100/10 ------12,400--------
Reserves13 20,75120,89710,83817,4462,12425,6742,09612,0968,0962,0968,8601,86026,36014,86041,860
Non-distributable reserves130/1 ----1,8601,8601,860--------
Legal reserve130 -------1,8601,8601,8601,8601,8601,8601,8601,860
Reserves not available under the articles1311 ----1,8601,860---------
Other1319 ------1,860--------
Tax-exempt reserves132 -236236236236236236236236236-----
Distributable reserves133 20,75120,66110,60217,2102823,578-10,0006,000-7,000-24,50013,00040,000
Profit (loss) carried forward14 ----33-4147344173442412430
Amounts payable17/49 22,24436,19650,98719,65845,95015,29863,11317,72423,27340,55427,78669,86521,86119,43430,071
Amounts payable after more than one year17 -990----4,715--------
Financial debts170/4 -990----4,715--------
Amounts payable within one year42/48 20,74433,70649,48718,15844,45013,79856,89816,22420,45538,48525,34067,61619,35817,18427,655
Current portion of amounts payable after more than one year42 9903,838---4,71511,340--------
Financial debts43 2,9603451,126331511166995385-4492,140----
Credit institutions430/8 2,9603451,126331511166995385-4492,140----
Trade debts44 4,8356,7977,7351,8529237871,9732,3884,3551,8222,1464,0385,2362,147782
Suppliers440/4 4,8356,7977,7351,8529237871,9732,3884,3551,8222,1464,0385,2362,147782
Taxes, remuneration and social security45 11,95822,72519,12515,9758,6668,13113,45013,45116,10017,61421,05423,82814,12215,03726,873
Taxes450/3 11,95822,72519,12515,9758,6668,13113,45011,72616,10017,61419,32923,82814,12215,03726,873
Remuneration and social security454/9 -------1,725--1,725----
Other amounts payable47/48 --21,500-34,350-29,140--18,600-39,750---
Accrued charges and deferred income492/3 1,5001,5001,5001,5001,5001,5001,5001,5002,8182,0682,4462,2502,5042,2502,416
Income statement
Gross operating margin9900 15,57628,33227,29729,05826,92840,42630,89710,11316,27525,88716,89535,24142,05329,53671,881
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 4,1763,5861,4449698,3968,8611,3531,3152,5502,7662,0802,0982,7431,2282,183
Other operating charges640/8 2,1372,3991,6842,7091,9411,9441,9551,4561,8841,1862,12186319,6038461,690
Non-recurring operating charges66A -----------3,843-1,409-
Operating profit (loss)9901 9,26222,34724,17025,38016,59229,62127,5897,34211,84121,93612,69432,28019,70827,46268,008
Financial income75/76B 3765916631,5621,8362,9862,4721,9371,7992,0851,907629041954
Recurring financial income75 3765916631,5621,8362,9862,4721,9371,7992,0851,907629041954
Financial charges65/66B 5,1084,279993932852026338471,3161,7001,5791,3712,0062,4712,330
Recurring financial charges65 5,1084,279993932852026338471,3161,7001,5791,3712,0062,4712,330
Profit (loss) for the period before taxes9903 4,53118,65924,73426,54918,14332,40629,4288,43212,32422,32113,02227,07317,99224,00165,732
Income taxes67/77 4,6768,6019,8429,4007,3108,83210,2854,9045,89510,6145,89412,0196,25311,42923,442
Profit (loss) for the period9904 -14610,05914,89217,14910,83323,57419,1433,5286,42911,7077,12815,05311,73912,57242,290
Transfer from tax-exempt reserves789 236--------------
Transfer to tax-exempt reserves689 ---------236-----
Profit (loss) for the period to be appropriated9905 9010,05914,89217,14910,83323,57419,1433,5286,42911,4727,12815,05311,73912,57242,290
Appropriation of the result
Profit (loss) to be appropriated9906 9010,05914,89217,18210,83323,57819,1444,0016,47311,6447,17315,29411,74113,00242,290
Profit (loss) brought forward from the previous period14P ---33-----------
Transfer from equity791/2 --17,2101,86023,550-10,000--7,000-24,500-40,000-
Transfer to equity691/2 9010,05910,60217,182-23,578-4,0006,000-7,000-11,50013,00041,860
To the legal reserve6920 --------------1,860
To other reserves6921 9010,05910,60217,182-23,578-4,0006,000-7,000-11,50013,00040,000
Profit to be distributed694/7 --21,5001,86034,350-29,140--18,600-39,750-40,000-
Return on contributions (dividend)694 --21,5001,86034,350-29,140--18,600-39,750-40,000-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 28-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 28-09-2026 2026-00526171 PDF
31-03-2025 micro format 02-10-2025 2025-00523398 PDF
31-03-2024 micro format 30-09-2024 2024-00479106 PDF
31-03-2023 micro format 29-09-2023 2023-00458691 PDF
31-03-2022 micro format 28-09-2022 2022-20437912 PDF
31-03-2021 micro format 25-10-2021 2021-72800497 PDF
31-03-2020 micro format 30-10-2020 2020-65900439 PDF
31-03-2019 micro format 03-10-2019 2019-68200301 PDF
31-03-2018 micro format 25-10-2018 2018-70100257 PDF
31-03-2017 micro format 31-10-2017 2017-68500268 PDF
31-03-2016 abbreviated format 30-09-2016 2016-62900594 PDF
31-03-2015 abbreviated format 30-10-2015 2015-65900428 PDF
31-03-2014 abbreviated format 30-09-2014 2014-61400280 PDF
31-03-2013 abbreviated format 31-10-2013 2013-64800325 PDF
31-03-2012 abbreviated format 31-07-2012 2012-37100014 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202620252024202320222021202020192018201720162015201420132012
EBITDA 13,43825,93325,61326,34924,98838,48228,9418,65714,39124,70114,77434,37822,45128,69070,191
Cash flow 4,03013,64516,33518,11819,22932,43620,4964,8438,98014,4739,20817,15214,48113,80044,473
Investment in fixed assets (approximation) 2,54514,9653,7831,5693,11883617,668003,5361,01127,1346,4542,0395,388
Change in cash -9,827-12,32912,7074721,3325,392---73212,0294,151-7,366-5,032-27,399-
Working capital 16,16515,67012,02220,74313,04531,2844,39925,99722,47212,74320,78412,39035,18626,90653,902
Solvency 53.7%41.7%23.7%53.3%24.1%71.3%18.7%58.0%47.4%26.4%43.5%17.0%64.1%58.4%64.5%
Current ratio 1.781.461.242.141.293.271.082.602.101.331.821.182.822.572.95
Debt to equity 0.861.403.220.883.160.404.350.721.112.791.304.880.560.710.55
ROE -0.6%38.8%94.0%76.4%74.4%61.9%132.0%14.4%30.7%80.5%33.3%105.2%30.1%46.1%77.3%
ROA -0.3%16.2%22.3%40.7%17.9%44.2%24.7%8.4%14.5%21.2%14.5%17.9%19.3%26.9%49.9%
Interest coverage 2.636.06over 10067.0987.66----------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Overdue debts

tax and social security
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Overdue tax debts-€5,887€3,450--

Source: notes to the 2022 to 2026 annual accounts (statement of debts)

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€2,545€14,965€3,783€1,569€3,118
Depreciation and write-downs of the year€4,176€3,586€1,444€969€8,396

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on NDC Projects

The operating result for 2026 is 59% lower than in 2025 and the lowest since 2019. It is the third fall in a row.

Debt's share of the balance-sheet total falls from 58.3% to 46.3%. Equity and debt are lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

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