NDCMS
ActiveSummary
NDCMS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €774,674 and a net result of €392,904. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+15
Solvency78▲+11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.39 in 2024; short-term debt: 47.1% and cash: 22.8% of total assets), and 47.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.8%
Return on assets
26.8%
Age of the figures
9 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €774,674
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
28 d late
2023
on the day
2022
3 d early
2021
31 d late
2020
18 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€774,674▲ 20.0%
2024 · €645,511
Total assets
€1.5m▼ 4.9%
2024 · €1.5m
Net result
€392,904▲ 98.0%
2024 · €198,428
Working capital
-€295,538▲ 45.6%
2024 · -€543,254
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€212,114▲ 95.1%€174,603▼ 17.7%€37,104▼ 78.7%€286,308▲ 672%€573,273▲ 100%
Net result€144,016▲ 122%€140,013▼ 2.8%€29,070▼ 79.2%€198,428▲ 583%€392,904▲ 98.0%
Equity€524,395▲ 6.5%€544,833▲ 3.9%€447,083▼ 17.9%€645,511▲ 44.4%€774,674▲ 20.0%
Total assets€1.3m▲ 53.2%€1.4m▲ 7.3%€1.4m▲ 2.6%€1.5m▲ 8.6%€1.5m▼ 4.9%
Debt€765,347▲ 119%€839,619▲ 9.7%€973,307▲ 15.9%€897,455▼ 7.8%€692,458▼ 22.8%
Working capital-€146,755-€445,369▼ 203%-€826,447▼ 85.6%-€543,254▲ 34.3%-€295,538▲ 45.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 100% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.1m ▼ 10.0%
Current assets
€395,670 ▲ 12.1%
Equity and liabilities €1.5m
Equity
€774,674 ▲ 20.0%
Debt
€692,458 ▼ 22.8%
Debt's share of the balance-sheet total falls from 58.2% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€696,177▲
2024 · €407,817
Cash flow
€515,809▲
2024 · €319,936
Current ratio
0.57▲
2024 · 0.39
Debt to equity
0.89▼
2024 · 1.39
ROE
50.7%▲
2024 · 30.7%
ROA
26.8%▲
2024 · 12.9%
Interest coverage
5579.68▲
2024 · 1516.05
Debt ≤ 1 year
€691,208▼
2024 · €896,205
Income taxes
€181,638▲
2024 · €88,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €24,711 | - | €2,715 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,155 | €73,381 | €110,375 | €121,509 | €122,905 | ▲ 1.1% |
| Other operating charges640/8 | €2,930 | €2,445 | €2,515 | €2,619 | €2,596 | ▼ 0.9% |
| Non-recurring operating charges66A | - | - | - | - | €222 | - |
| Gross operating margin9900 | €248,199 | €250,428 | €149,994 | €410,436 | €698,995 | ▲ 70.3% |
| Operating profit (loss)9901 | €212,114 | €174,603 | €37,104 | €286,308 | €573,273 | ▲ 100% |
| Financial income75/76B | €3,331 | - | €320 | €1,055 | €1,394 | ▲ 32.1% |
| Recurring financial income75 | €3,331 | - | €320 | €1,055 | €1,394 | ▲ 32.1% |
| Financial charges65/66B | €12,278 | €21,531 | €729 | €269 | €125 | ▼ 53.6% |
| Recurring financial charges65 | €12,278 | €21,531 | €729 | €269 | €125 | ▼ 53.6% |
| Profit (loss) for the period before taxes9903 | €203,167 | €153,072 | €36,695 | €287,094 | €574,542 | ▲ 100% |
| Income taxes67/77 | €59,151 | €13,058 | €7,626 | €88,667 | €181,638 | ▲ 105% |
| Profit (loss) for the period9904 | €144,016 | €140,013 | €29,070 | €198,428 | €392,904 | ▲ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €144,016 | €140,013 | €29,070 | €198,428 | €392,904 | ▲ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 4.9% |
| Fixed assets21/28 | €680,680 | €1.0m | €1.3m | €1.2m | €1.1m | ▼ 10.0% |
| Tangible fixed assets22/27 | €680,680 | €1.0m | €1.3m | €1.2m | €1.1m | ▼ 10.0% |
| Land and buildings22 | €533,339 | €884,741 | €1.1m | €1.1m | €991,979 | ▼ 7.2% |
| Plant, machinery and equipment23 | €462 | €231 | €1,740 | €1,346 | €952 | ▼ 29.3% |
| Furniture and vehicles24 | €140,378 | €114,920 | €150,046 | €112,959 | €72,032 | ▼ 36.2% |
| Other tangible fixed assets26 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Current assets29/58 | €609,062 | €378,060 | €145,610 | €352,951 | €395,670 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €243,229 | €254,555 | €104,365 | €61,775 | €56,710 | ▼ 8.2% |
| Trade receivables40 | €243,229 | €253,419 | €96,906 | €54,316 | €56,372 | ▲ 3.8% |
| Other amounts receivable41 | - | €1,135 | €7,458 | €7,458 | €338 | ▼ 95.5% |
| Cash at bank and in hand54/58 | €337,581 | €121,684 | €39,547 | €286,786 | €334,331 | ▲ 16.6% |
| Deferred charges and accrued income490/1 | €28,252 | €1,821 | €1,699 | €4,390 | €4,629 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 4.9% |
| Equity10/15 | €524,395 | €544,833 | €447,083 | €645,511 | €774,674 | ▲ 20.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €511,995 | €532,433 | €434,683 | €633,111 | €762,274 | ▲ 20.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €510,135 | €530,573 | €432,823 | €633,111 | €762,274 | ▲ 20.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €765,347 | €839,619 | €973,307 | €897,455 | €692,458 | ▼ 22.8% |
| Amounts payable within one year42/48 | €755,817 | €823,429 | €972,057 | €896,205 | €691,208 | ▼ 22.9% |
| Trade debts44 | €11,425 | €7,030 | €1,818 | €7,741 | €7,376 | ▼ 4.7% |
| Suppliers440/4 | €11,425 | €7,030 | €1,818 | €7,741 | €7,376 | ▼ 4.7% |
| Taxes, remuneration and social security45 | €61,493 | €79,728 | €32,540 | €39,986 | €142,326 | ▲ 256% |
| Taxes450/3 | €61,493 | €79,728 | €32,540 | €39,986 | €142,326 | ▲ 256% |
| Other amounts payable47/48 | €682,899 | €736,672 | €937,699 | €848,479 | €541,506 | ▼ 36.2% |
| Accrued charges and deferred income492/3 | €9,530 | €16,190 | €1,250 | €1,250 | €1,250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144,016 | €140,013 | €29,070 | €198,428 | €392,904 | ▲ 98.0% |
| + Depreciation and write-downs630 | €33,155 | €73,381 | €110,375 | €121,509 | €122,905 | ▲ 1.1% |
| Operating cash flow (approximation) | €177,171 | €213,394 | €139,445 | €319,936 | €515,809 | ▲ 61.2% |
| Investment in fixed assets (approximation) | - | -€399,093 | -€378,763 | -€36,744 | -€4,352 | ▲ 88.2% |
| Change in cash | - | -€215,897 | -€82,138 | €247,239 | €47,545 | ▼ 80.8% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
09-04
State Gazette act
General meeting · Director resignation
Declaration · Director appointment
09-04
State Gazette act
General meeting · Director resignation
Permanent representative · Declaration
2025
31-12
Financial
Highest result since 2018net €392,904 ▲98%
Operating result €573,273, net result €392,904, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €500,000Eq €645,511 ▲44.4%
7 profitable years in a row build equity to €645,511.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €29,070 ▼79.2%
Net result drops to €29,070, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €500,000Eq €524,395 ▲6.5%
4 profitable years in a row build equity to €524,395.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lochristi · 1 establishment unit since 2011
Ground area
880 m²
Parcel 44034C0673/00F002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Villa Colette
since 20112.205.366.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0673/00F002 | Flanders | 880 m² | - | - |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,283 EUR awarded · 2,283 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,283 EUR | 2,283 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-2011
Fiscal year end31-12
Trade name NL
Villa Colette
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
82300Organisation of conventions and trade shows
90312Arts creation and performing arts activities
Contact
E-mail
de.clercq.nicolas@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841952674
Also
9925:BE0841952674
Registered
13-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.