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NDC VASTGOED

Active
Private limited companyfounded 2012active for 14 yearsSchaliënstraat 6, 2000 Antwerpen, BelgiumKBO/BCE: BE 0843.975.422

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

NDC VASTGOED has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314,841 and a net result of -€256,368. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 24% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

KBO
Status
Active since 24-02-2012 Normal situation
Legal form
Private limited company
Registered office
Schaliënstraat 6, 2000 Antwerpen
Activity
Development of non-residential building projects NACE 68122and 1 other
Establishment unit
2.207.179.075 2000 Antwerpen, since 29-02-2012
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • De Coninck NicolasDirector

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€30,657
▼ 81.5%
Turnover
≈ €75,000
estimated
Loss
€256,368
▲ 179%
Equity
€314,841
▼ 44.9%
Total assets
€6.0m
▼ 7.3%
Staff
0.3 FTE
=
2025 accounts filed 74 days after the deadline
Filed on 13-10-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 74 days late; 1 of the last 3 accounts lateLiquidity: current ratio 3.84, cash €28,295lowers riskSize: 0.3 FTE, total assets €6.0mFigures for financial year 2025 (filed on 14-10-2026)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 23% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 30-4
equity 5.3% of total assets
Liquidity 44-7
short-term debt 20.0% · cash 0.5%
Profitability 13-9
return on assets -4.3%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▼ -0.1 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.3%▼ -0.2 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 0.7%▼ -0.4 percentage points vs 09-2026
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.84 (6.71 in 2024), above the usual 1.5. Short-term debt is 20% and cash 0.5% of total assets. However, 94.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 26% of them on solvency, 38% on liquidity, 16% on profitability and 13% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Last filed accounts filed 74 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 3.84, cash €28,295
NBB · annual accounts
lowers risk · Size: 0.3 FTE, total assets €6.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 14-10-2026)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€256,368
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11235 sector peers (2025).
NBB · sector comparison
Position among 11235 sector peers
Solvency
better than 24%
← weakest strongest →
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
74 days late
2024
8 days early
2023
26 days late
2022
12 days early
2021
13 days early
2020
29 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from -€92,030 to -€256,368 ▼ 179% View
  • Caution: Lower net result than 95% of companies in real estatesector median €10,020 · 11,226 companies -€256,368 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€256,368 View

Documents

Annual accounts at the NBB

All 14 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about NDC VASTGOED

What is the company number of NDC VASTGOED?
The company number of NDC VASTGOED is 0843.975.422. The VAT number is the same number with BE in front: BE 0843.975.422.
Where is NDC VASTGOED based?
The registered office is at Schaliënstraat 6, 2000 Antwerpen.Company details
What does NDC VASTGOED do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of NDC VASTGOED?
The legal form of NDC VASTGOED is Private limited company (BV).
When was NDC VASTGOED founded?
NDC VASTGOED was founded on 24-02-2012.
Is NDC VASTGOED still active?
Yes, NDC VASTGOED is an active enterprise in the KBO register.
How many employees does NDC VASTGOED have?
NDC VASTGOED had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NDC VASTGOED?
The turnover in financial year 2025 is ≈ €75,000. This figure is estimated from the gross margin of €30,657 and 33 comparable companies (NACE 681). It probably lies between €47,000 and €150,000.
Is NDC VASTGOED profitable?
In financial year 2025, NDC VASTGOED made a loss of €256,368.
Where can I find the annual accounts of NDC VASTGOED?
NDC VASTGOED filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of NDC VASTGOED due?
NDC VASTGOED must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as NDC VASTGOED: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €3.8m and €14m, founded between 2004 and 2019.

CompanyTotal assetsGross margin
NDC VASTGOED Antwerpen€6.0m€0.03m
PROJECTGROND Houthalen-Helchteren€4.9m€0.1m
RETAIL PROPERTY DEVELOPMENT Antwerpen€11.3m€0.08m
Autonoom Gemeentebedrijf voor de Ontwikkeling van Sint-Truiden Sint-Truiden€13.9m€0.09m
BILT Bierbeek€4.8m€0.2m
DIADE Liège€6.6m€0.3m
BVI.EU GBP Belgrade Wavre€3.8m€0.07m
Full comparison

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