NDECO
ActiveThe 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 6717 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
short-term debt: 0% of total assets, and 0% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 · 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
31 d late
2022
24 d late
2021
29 d late
2020
23 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€38k▲ 123%
2023 · €17k
2018: €13k
2019: €13k
2020: €14k
2021: €29k
2022: €29k
2023: €17k
2018 → 2024
Total assets
€38k▲ 123%
2023 · €17k
2018: €29k
2019: €24k
2020: €22k
2021: €29k
2022: €31k
2023: €17k
2018 → 2024
Net result
€12k
2023 · €-12k
2018: €308
2019: €586
2020: €884
2021: €15k
2022: €41
2023: €-12k
2018 → 2024
Working capital
€34k▲ 127%
2022 · €15k
2018: €-2k
2019: €-5k
2020: €-4k
2021: €15k
2022: €15k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€29k▲ 105%€29k▲ 0.1%€17k▼ 41.7%€38k▲ 123%
Operating result€1k-€16k▲ 1,023%€165▼ 99.0%€-12k€11k
Net result€884-€15k▲ 1,572%€41▼ 99.7%€-12k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€3k▼ 62.5%
Current assets
€34k▲ 350%
Equity and liabilities €38k
Equity
€38k
Debt
€1
Debt finances 0.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€17k▲
2023 · €-8k
Cash flow
€18k▲
2023 · €-7k
Solvency
100.0%=
2023 · 100.0%
Debt / equity
0.00
ROE
32.9%▲
2023 · -71.6%
ROA
32.9%▲
2023 · -71.6%
Interest coverage
857.69
Debt
€1
Debt ≤ 1 year
€1
A ratio outside any meaningful range has been withheld (balance sheet total €38k, equity €38k).
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€17k€38k▲
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€9k€3k▼
Furniture and vehicles24€9k€3k▼
Current assets29/58€8k€34k▲
Amounts receivable within one year40/41€6k€34k▲
Other amounts receivable41€6k€34k▲
Cash at bank and in hand54/58€1k-
Equity and liabilities
Total equity and liabilities10/49€17k€38k▲
Equity10/15€17k€38k▲
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€372€372=
Reserves not available under the articles1311€372€372=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€9k€30k▲
Amounts payable17/49-€1
Amounts payable within one year42/48-€1
Financial debts43-€1
Credit institutions430/8-€1
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€575€68▼
Gross operating margin9900€-7k€17k▲
Operating profit (loss)9901€-12k€11k▲
Financial income75/76B€220€1k▲
Recurring financial income75€220€1k▲
Financial charges65/66B-€20
Recurring financial charges65-€20
Profit (loss) for the period before taxes9903€-12k€12k▲
Profit (loss) for the period9904€-12k€12k▲
Profit (loss) for the period to be appropriated9905€-12k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€30k▲
Profit (loss) brought forward from the previous period14P€21k€18k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-12k ▼29242%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €15k ▲1572%
Operating result €16k, net result €15k, both a record.
31-12
Financial
Liquidity times 472current ratio 196.78
Current ratio from 0.42 to 196.78; short-term debt falls from €8k to €76.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 105 days late
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 470 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 100 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-09-2025
Jean-Baptiste BYILINGIRO: Resigned as Director
28-08-2025
KARASHARIRA Mivumbi: Resigned as Director
26-06-2025
BIZIMANA MILIMO Déogratias: Resigned as Director
31-08-2014
MUNYANGABE Pascal: Resigned as Managing director
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2004
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 AnderlechtGround area
1,013 m²
Building footprint
264 m²
Volume, LiDAR
2,898 m³
2 parcels, Brussels · tallest building 15.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NDECO
since 20042.137.691.641
2 parcels
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. |
Linked by address, not proof of ownership
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.
Structure & network
Connections & network
45 connected companiesNetwork connections
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Similar companies · same sector, comparable size
TAXIS KONFORT
BE 0832.301.867
La Louvière · Eq €38k
SORALIA SERVICES
BE 0723.966.923
Anderlecht · Eq €38k
MESSATAX
BE 0476.019.283
Anderlecht · Eq €37k
MLZO
BE 0871.096.919
Ukkel · Eq €38k
SHILAN
BE 0882.960.118
Koekelberg · Eq €38k
Of 6,687 companies in sector 49330 we hold annual accounts for 2,286. 1,926 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2004
Fiscal year end31-12
Activities, NACEBEL
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.