NDG Construct
ActiveSummary
NDG Construct has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €25k. Equity is growing by ~53.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 3.01 in 2024; short-term debt: 18.4% and cash: 37.4% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
81.6%
Return on assets
26.5%
Age of the figures
9 mo
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 17-03-2026, 136 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
136 d early
2024
34 d early
2023
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 48.2%
2024 · €52k
Total assets
€94k▲ 21.4%
2024 · €78k
Net result
€25k▼ 18.1%
2024 · €31k
Working capital
€77k▲ 48.2%
2024 · €52k
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
Line202320242025
Operating result€25k-€39k▲ 56.1%€32k▼ 18.0%
Net result€20k-€31k▲ 54.0%€25k▼ 18.1%
Equity€21k-€52k▲ 143%€77k▲ 48.2%
Total assets€37k-€78k▲ 112%€94k▲ 21.4%
Debt€15k-€26k▲ 68.1%€17k▼ 32.6%
Working capital€21k-€52k▲ 143%€77k▲ 48.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €94k
Equity
€77k ▲ 48.2%
Debt
€17k ▼ 32.6%
Debt's share of the balance-sheet total falls from 33.2% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
5.42▲
2024 · 3.01
Debt to equity
0.23▼
2024 · 0.50
ROE
32.5%▼
2024 · 58.9%
ROA
26.5%▼
2024 · 39.3%
Debt ≤ 1 year
€17k▼
2024 · €26k
Income taxes
€7k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €63 | €375 | ▲ 494% |
| Gross operating margin9900 | €25k | €39k | €33k | ▼ 17.2% |
| Operating profit (loss)9901 | €25k | €39k | €32k | ▼ 18.0% |
| Financial income75/76B | €0 | €135 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €135 | €0 | ▼ 100% |
| Financial charges65/66B | €52 | €831 | €514 | ▼ 38.2% |
| Recurring financial charges65 | €52 | €831 | €514 | ▼ 38.2% |
| Profit (loss) for the period before taxes9903 | €25k | €39k | €32k | ▼ 17.9% |
| Income taxes67/77 | €5k | €8k | €7k | ▼ 17.1% |
| Profit (loss) for the period9904 | €20k | €31k | €25k | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €20k | €31k | €25k | ▼ 18.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €37k | €78k | €94k | ▲ 21.4% |
| Current assets29/58 | €37k | €78k | €94k | ▲ 21.4% |
| Amounts receivable within one year40/41 | €8k | €19k | €9k | ▼ 49.6% |
| Trade receivables40 | €8k | €19k | €9k | ▼ 49.6% |
| Current investments50/53 | - | €49k | €50k | ▲ 0.7% |
| Cash at bank and in hand54/58 | €29k | €10k | €35k | ▲ 265% |
| Deferred charges and accrued income490/1 | - | €90 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €37k | €78k | €94k | ▲ 21.4% |
| Equity10/15 | €21k | €52k | €77k | ▲ 48.2% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €20k | €50k | €76k | ▲ 49.7% |
| Distributable reserves133 | €20k | €50k | €76k | ▲ 49.7% |
| Amounts payable17/49 | €15k | €26k | €17k | ▼ 32.6% |
| Amounts payable within one year42/48 | €15k | €26k | €17k | ▼ 32.6% |
| Trade debts44 | €419 | €14 | €688 | ▲ 4,766% |
| Suppliers440/4 | €419 | €14 | €688 | ▲ 4,766% |
| Taxes, remuneration and social security45 | €15k | €25k | €16k | ▼ 35.4% |
| Taxes450/3 | €15k | €25k | €14k | ▼ 44.9% |
| Remuneration and social security454/9 | - | - | €2k | - |
| Other amounts payable47/48 | €275 | €428 | €325 | ▼ 23.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €31k | €25k | ▼ 18.1% |
| Operating cash flow (approximation) | €20k | €31k | €25k | ▼ 18.1% |
| Change in cash | - | €-19k | €26k | ▲ 234% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €31k ▲54%
Operating result €39k, net result €31k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2023
Ground area
313 m²
Parcel 34040C1174/00V000, Flanders. Linked by address, not a title deed.
1 establishment unit
NDG Construct
since 20232.345.276.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1174/00V000 | Flanders | 313 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.