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NDECO

Active
Nellie Melbalaan 42 ·1070 Anderlecht, Belgium
KBO/BCE: BE 0865.180.216
Watch Print / PDF
Age22 yrs
Board1
Connections46
Real estate2 parcels · 1,013 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NDECO is 1.9% (moderate). The 2024 annual accounts show equity of €38k and a net result of €12k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2254 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 2254 peers (2024). A comfortable equity buffer.
View the sector comparison
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 26-09-2025 57 d late 2025-00520476
31-12-2023 31-07-2024 31-08-2024 31 d late 2024-00427535
31-12-2022 31-07-2023 24-08-2023 24 d late 2023-00349300
31-12-2021 31-07-2022 29-08-2022 29 d late 2022-20335906
31-12-2020 31-07-2021 23-08-2021 23 d late 2021-52300110
31-12-2019 31-07-2020 08-10-2020 69 d late 2020-60400087
31-12-2018 31-07-2019 29-08-2019 29 d late 2019-55000423
31-12-2017 31-07-2018 13-11-2018 105 d late 2018-72400014
31-12-2016 31-07-2017 13-11-2018 470 d late 2018-72400012
31-12-2015 31-07-2016 08-11-2016 100 d late 2016-67600304

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.9% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€12k
Working capital€34k+127.4%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro
€-20k€-10k€0€10k€20kOperating result 2020: €1k€1kNet result 2020: €7k€7kOperating result 2021: €16k€16kNet result 2021: €15k€15kOperating result 2022: €165€165Net result 2022: €41€41Operating result 2023: €-12k€-12kNet result 2023: €-12k€-12kOperating result 2024: €11k€11kNet result 2024: €12k€12k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~24.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€20k€40k€60k2025: €41k (€35k - €47k)2026: €45k (€35k - €55k)2027: €49k (€35k - €63k)2018: €13k2019: €13k2020: €14k2021: €29k2022: €29k2023: €17k2024: €38k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 100.0% 27.4%
better than 95% of 2254 sector peers
Net result €12k €6k
better than 65% of 2238 sector peers
Equity €38k €17k
better than 70% of 2260 sector peers
Gross operating margin €17k €28k
better than 38% of 2226 sector peers
Total assets €38k €66k
better than 31% of 2255 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2020: P78 · n=4582021: P95 · n=7942022: P95 · n=13472023: P95 · n=18162024: P95 · n=22542020 2024
Stable position over 2020-2024 · n=458-2254
Net result P65
2020: P44 · n=4552021: P72 · n=7802022: P34 · n=13342023: P12 · n=17942024: P65 · n=22382020 2024
Weakening position over 2020-2024 · n=455-2238
Equity P70
2020: P43 · n=4582021: P63 · n=7952022: P64 · n=13562023: P51 · n=18272024: P70 · n=22602020 2024
Stable position over 2020-2024 · n=458-2260
Gross operating margin P38
2020: P29 · n=4532021: P49 · n=7792022: P17 · n=13272023: P5 · n=17822024: P38 · n=22262020 2024
Weakening position over 2020-2024 · n=453-2226
Describes the position versus peers, not a forecast.
EBITDA
€17k
- 18-24
Net profit
€12k
- 18-24
Cash flow
€18k
- 18-24
Total assets
€38k
+123.3% 18-24
Equity
€38k
+123.3% 18-24
Working capital
€34k
+127.4% 18-24
Income taxes
€773
-18.3% 18-24
Debt
€1
-100.0% 18-24
Debt ≤ 1y
€1
-100.0% 18-24
Debt > 1y
€5k
-49.2% 18-24
Current ratio
51725.21
+642113.7% 18-24
Quick ratio
51725.21
+642113.7% 18-24
Solvency
100.0%
0.0% 18-24
Debt / equity
0.00
-100.0% 18-24
ROE
32.9%
- 18-24
ROA
32.9%
- 18-24
Interest coverage
857.69
+1025.3% 18-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€17k
Net profit€12k
Cash flow€18k
Staff costs-
Income taxes-
Dividends-
Total assets€38k
Equity€38k
Debt€1
of which ≤ 1y€1
of which > 1y-
Working capital€34k
Employees (FTE)-
Ratios (computed)
2024
Current ratio51725.21
Quick ratio51725.21
Working capital ratio90.8%
Solvency100.0%
Debt / equity0.00
Long-term debt ratio-
Interest coverage857.69
Gross margin-
Net margin-
ROA32.9%
ROE32.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€38k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€34k
Amounts receivable within one year 40/41€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€38k
Equity 10/15€38k
Contributions / capital 10/11€6k
Reserves 13€1k
Accumulated profits (losses) 14€30k
Amounts payable 17/49€1
Amounts payable within one year 42/48€1
Income statement
Gross operating margin 9900€17k
Operating result 9901€11k
Financial income 75€1k
Financial charges 65€20
Result before taxes 9903€12k
Net result for the period 9904€12k
Result to be appropriated 9905€12k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
100 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

5 directors
Current directors & mandates
  • NDEZE KATUREBE Jean-Baptiste
    Director
    State Gazette act 24136030 (20-09-2024)
    Current
    01-07-2018 → present
    2 events
    • 20-09-2024 Mandate renewed· Director
    • 01-07-2018 Mandate renewed· Manager
Former directors (4)
  • Jean-Baptiste BYILINGIRO
    Director
    State Gazette act 24136030 (20-09-2024)
    Former
    30-06-2018 → 09-09-2025
    3 events
    • 09-09-2025 Resigned· Director
    • 20-09-2024 Mandate renewed· Director
    • 30-06-2018 Mandate renewed· Manager
  • KARASHARIRA Mivumbi
    Director
    State Gazette act 25080123 (26-06-2025)
    Former
    26-06-2025 → 28-08-2025
    2 events
    • 28-08-2025 Resigned· Director
    • 26-06-2025 Appointed· Director
  • BIZIMANA MILIMO Déogratias
    Managing director
    State Gazette act 23045943 (04-04-2023)
    Former
    01-04-2023 → 26-06-2025
    2 events
    • 26-06-2025 Resigned· Director
    • 01-04-2023 Appointed· Managing director
  • MUNYANGABE Pascal
    Managing director
    State Gazette act 14165452 (05-09-2014)
    Former
    - → 31-08-2014
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330)
Legal form Private limited company(610)
Incorporation07-05-2004
StatusActive
Postal code1070

Structure & network

Connections & network

46 connected companies
+46 companies via a shared address +46via a sharedaddressNDECO NDECO0865.180.216
Shared address / shareholderBundled connections
Network connections
2 B Kitchens
Shared address
→
7MILLE-HOME
Shared address
→
A.S. MANAGEMENT
Shared address
→
A3 Consulting
Shared address
→
AF CORP
Shared address
→
AVKT
Shared address
→
BABEL LDC
Shared address
→
Belaccount Group
Shared address
→
BELGOFINE
Shared address
→
Bellisimmo
Shared address
→
C ET E
Shared address
→
→
CLADO SISTEM GROUP
Shared address
→
Claire Nett
Shared address
→
COW BRUSSELS
Shared address
→
CPAPA
Shared address
→
D6BEL
Shared address
→
DECISION ENGINEERING
Shared address
→
ED INVESTMENT HOLDING
Shared address
→
ESSENTIEL REFERENCE
Shared address
→
EURO-MEDITERRANEE
Shared address
→
FAWA ALLIANCE
Shared address
→
FEEL BELGIUM
Shared address
→
FSG CONCEPT & Co
Shared address
→
FUEL CHECK SERVICES
Shared address
→
HF CONCEPT
Shared address
→
HGT Service
Shared address
→
JB 2012
Shared address
→
LAVRADIO PALACE
Shared address
→
M.A.L. ELECTRONICS
Shared address
→
MEZ CARS
Shared address
→
PRIME ONE
Shared address
→
→
Pure World
Shared address
→
Ronan Quinn
Shared address
→
SAFINIMMO
Shared address
→
SAMK Consulting SRL
Shared address
→
SOBIDAL
Shared address
→
STARDUST MANAGEMENT
Shared address
→
STEPHANE PHILIPPE
Shared address
→
TEC-ALU
Shared address
→
TheCN26project
Shared address
→
VOYAGE CONFORT
Shared address
→
Wy.Event Solutions
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Nellie Melbalaan 421070 Anderlecht

Establishment units

1 location
NDECO
Kersbeeklaan 308, 1180 Ukkelde exploitatie van taxi's
since 20042.137.691.641
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,013 m²
Buildings2
Building footprint264 m²
Volume (LiDAR)2,898 m³
Tallest building15.7 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0601/00W010 Brussels 671 m² 1 · 165 m² 15.7 m · 5 fl.
21616G0030/00T016 Brussels 342 m² 1 · 99 m² 13.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

14 acts
Capital history · 2
20-05-2025
v3.2
05-10-2015
v3.2
Address history · 5
22-04-2026
Seat change: date: 2026-04-12, new_address: Avenue Nellie Melba n°42 - 1070 Anderlecht, old_address: Rue de la Mélopée n°45 à 1080 Bruxelles
23-06-2017
v3.2
24-11-2015
v3.2
05-09-2014
v3.2
17-11-2008
v3.2
All acts · 14 updated 3 months ago
2026
22-04-2026 Act object · Officer resignation · Officer appointment · Share transfer Open-capture extraction
  • Filing: 2026-04-15 · NDECO
  • Publication date: 2026-04-22 · NDECO
  • Act object: Démission de l'administrateur/ Nominations des administrateurs / Transfert du siège social · NDECO
  • Officer resignation: date: 2026-04-12, role: administrateur · Habimana Ibrahim
  • Officer appointment: date: 2026-04-12, role: administrateur · Es-Saidi Mohamed
  • Share transfer: date: 2026-04-12, percentage: 100% · Habimana Ibrahim
  • Seat change: date: 2026-04-12, new_address: Avenue Nellie Melba n°42 - 1070 Anderlecht, old_address: Rue de la Mélopée n°45 à 1080 Bruxelles · NDECO
Summary: Act object · Officer resignation · Officer appointment · Share transfer
2025
09-09-2025 2 resigning Director changes
  • KARASHARIRA Mivumbi, Bestuurder
  • Jean-Baptiste BYILINGIRO, Bestuurder
Summary: v3.2
26-06-2025 1 director appointed, 1 resigning Director changes
  • KARASHARIRA MIVUMBI, Bestuurder
  • BIZIMANA MILIMO Déogratias, Bestuurder
Summary: v3.2
20-05-2025 Transaction in capital or shares Capital & shares
Summary: v3.2
2024
20-09-2024 2 reappointed Director changes
  • BYILINGIRO Jean-Baptiste, Bestuurder
  • NDEZE KATUREBE Jean-Baptiste, Bestuurder
Summary: v3.2
2023
13-12-2023 Change in the board of directors Director changes
Summary: v3.2
04-04-2023 BIZIMANA MILIMO Déogratias appointed as managing director Director changes
  • BIZIMANA MILIMO Déogratias, Gedelegeerd bestuurder
Summary: v3.2
2018
10-07-2018 2 reappointed Director changes
  • NDEZE KATUREBE Jean-Baptiste, Zaakvoerder
  • BYILINGIRO Jean-Baptiste, Zaakvoerder
Summary: v3.2
08-03-2018 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·NDEZE KATUREBE Jean-Baptiste
Summary: otherNotary: NDEZE KATUREBE Jean-Baptiste · Bruxelles
2017
23-06-2017 Registered office moved from Jette to Uccle Registered-office change
  • RUE JULES LAHAYE 178, 1190 Jette → Avenue Kersbeek 308, 1180 Uccle
Summary: v3.2
2015
24-11-2015 Registered office moved from UCCLE to Bruxelles Registered-office change
  • RUE DU HAM 99, 1180 UCCLE → Rue Jules LAHAYE 178, 1090 Bruxelles
Summary: v3.2
05-10-2015 Transaction in capital or shares Capital & shares
Summary: v3.2
2014
05-09-2014 Registered office moved within Bruxelles Registered-office change
  • RUE DE WAUTIER 6, 1020 BRUXELLES → Rue du Ham 99, 1180 Bruxelles
Summary: v3.2
2008
17-11-2008 Registered office moved within Bruxelles Registered-office change
  • Louis van Beethoven 19, 1070 Bruxelles → rue Femand Brunfaut 35, 1080 Bruxelles
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health100Profitability100Solvency100Growth78Stability100
96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100
Profitability 100
Solvency 100
Growth 78
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 765 of the 6,614 companies in this sector. 613 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Exploitatie van taxi's60220
Primary activity highlighted.
Names & trade names
Legal nameFR NDECO
Registered office
Nellie Melbalaan 42
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.