NDC VASTGOED
ActiveNDC VASTGOED has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €571k and a net result of €-92k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 26% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
22
/ 100
Critical▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-11
Solvency39▲+15
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 6.71 against 1.14 in 2023), but 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
8.9%
Return on assets
-1.4%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
26 d late
2022
12 d early
2021
13 d early
2020
29 d early
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€571k▼ 13.9%
2023 · €663k
2018: €73k
2019: €260k
2020: €445k
2021: €532k
2022: €649k
2023: €663k
2018 → 2024
Total assets
€6.42M▲ 43.1%
2023 · €4.49M
2018: €2.63M
2019: €3.28M
2020: €4.19M
2021: €2.70M
2022: €4.33M
2023: €4.49M
2018 → 2024
Net result
€-92k
2023 · €15k
2018: €36k
2019: €187k
2020: €186k
2021: €86k
2022: €17k
2023: €15k
2018 → 2024
Working capital
€3.72M▲ 1,198%
2023 · €286k
2018: €2.20M
2019: €553k
2020: €259k
2021: €266k
2022: €269k
2023: €286k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€445k-€532k▲ 19.3%€649k▲ 22.0%€663k▲ 2.3%€571k▼ 13.9%
Operating result€424k-€272k▼ 35.8%€85k▼ 68.9%€156k▲ 83.8%€110k▼ 29.3%
Net result€186k-€86k▼ 53.6%€17k▼ 80.4%€15k▼ 13.4%€-92k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.42M
Fixed assets
€2.05M▼ 7.5%
Current assets
€4.37M▲ 92.5%
Equity and liabilities €6.42M
Equity
€571k▼ 13.9%
Debt
€5.85M▲ 52.9%
The debt ratio rises from 85.2% to 91.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€114k▼
2023 · €160k
Cash flow
€-88k▼
2023 · €18k
Solvency
8.9%▼
2023 · 14.8%
Current ratio
6.71▲
2023 · 1.14
Quick ratio
0.25▼
2023 · 0.66
Debt / equity
10.24▲
2023 · 5.77
ROE
-16.1%▼
2023 · 2.2%
ROA
-1.4%▼
2023 · 0.3%
Interest coverage
0.55▼
2023 · 1.22
Debt
€5.85M▲
2023 · €3.82M
Debt ≤ 1 year
€651k▼
2023 · €1.98M
Debt > 1 year
€5.20M▲
2023 · €1.84M
Income taxes
€382▼
2023 · €10k
Staff costs
€24k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.49M€6.42M▲
Fixed assets21/28€2.22M€2.05M▼
Tangible fixed assets22/27€2.22M€2.05M▼
Land and buildings22€2.21M€2.04M▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€4k€4k▼
Financial fixed assets28€375€375=
Current assets29/58€2.27M€4.37M▲
Stocks and contracts in progress3€955k€4.21M▲
Stocks30/36€955k€4.21M▲
Amounts receivable within one year40/41€63k€123k▲
Trade receivables40€25k€113k▲
Other amounts receivable41€39k€10k▼
Cash at bank and in hand54/58€218k€37k▼
Deferred charges and accrued income490/1€1.03M-
Equity and liabilities
Total equity and liabilities10/49€4.49M€6.42M▲
Equity10/15€663k€571k▼
Contributions10/11€30k€30k=
Revaluation surpluses12€100k€100k=
Reserves13€502k€502k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€499k€499k=
Profit (loss) carried forward14€32k€-60k▼
Amounts payable17/49€3.82M€5.85M▲
Amounts payable after more than one year17€1.84M€5.20M▲
Financial debts170/4€1.84M€5.20M▲
Amounts payable within one year42/48€1.98M€651k▼
Current portion of amounts payable after more than one year42-€87k
Financial debts43€1.41M-
Credit institutions430/8€1.41M-
Trade debts44€17k€124k▲
Suppliers440/4€17k€124k▲
Taxes, remuneration and social security45€15k€25k▲
Taxes450/3€229€12k▲
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€537k€415k▼
Income statement
Code20232024
Non-recurring operating income76A-€85k
Remuneration, social security and pensions62€13k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€17k€27k▲
Gross operating margin9900€190k€165k▼
Operating profit (loss)9901€156k€110k▼
Financial income75/76B-€7k
Recurring financial income75-€7k
Financial charges65/66B€131k€209k▲
Recurring financial charges65€131k€209k▲
Profit (loss) for the period before taxes9903€25k€-92k▼
Income taxes67/77€10k€382▼
Profit (loss) for the period9904€15k€-92k▼
Profit (loss) for the period to be appropriated9905€15k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€-60k▼
Profit (loss) brought forward from the previous period14P€17k€32k▲
Social balance
Average headcount (FTE)90870.30.3=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-92k ▼728%
Net result drops to €-92k, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 6.71
Current ratio from 1.14 to 6.71; short-term debt falls from €1.98M to €651k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €532k ▲19.3%
4 profitable years in a row build equity to €532k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €187k ▲423%
Net result €187k, the highest in the series.
31-12
Financial
Equity above €200kEq €260k ▲257%
2 profitable years in a row build equity to €260k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are 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, Antwerpen · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schaliënstraat 62000 AntwerpenGround area
85 m²
Building footprint
86 m²
Volume, LiDAR
1,390 m³
Parcel 11811L3937/00G000, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NDC VASTGOED BVBA
since 20122.207.179.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3937/00G000 | Flanders | 85 m² | 1 · 86 m² | 21.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,633 companies in sector 68121 we hold annual accounts for 7,327. 4,553 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ndcvastgoed.be