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NDJ CONSTRUCT

Active Private limited companyfounded 2023active for 3 yearsDrève Richelle 161, 1410 WaterlooKBO/BCE: BE 0802.640.851

Overview

Lifetime

3 annual accounts with figures on one time axis
peak €90,910 (2025)
€90,910▲ 8.2%
peak €51,270 (2024)
€32,643▼ 36.3%
peak €89,612 (2025)
€89,612▲ 57.3%
€267,836▲ 4.4%
Board1 name since 2023
Documentsfilings and deeds
12-10-202673 days late
2025micro format
Result from €51,270 to €32,643Equity from €56,969 to €89,612Investments €12,449Cash from €171,798 to €115,204

Key points

from the 2025 annual accounts

Equity

€89,612 ▲ 57.3%

NDJ CONSTRUCT has made a profit in every financial year since 2023.

Turnover

≈ €190,000 estimated

The micro format states no turnover.

Debts

€267,836 75% of the balance sheet
Suppliers 38%Taxes and wages 6%Other 56%

Investments

€12,449 2.2 × depreciation
202320242025

Green is investment, beige is depreciation.

Filings

3 annual accounts 73 days
AprilJune31 JulyOctober202320242025

Latest accounts filed late: after the legal deadline.

Checked score

50
Fair
Financially stronger than 47% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 1.0%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%▲ +0.1 percentage points vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025 08-2025: 1.9%▲ +0.7 percentage points vs 07-2025 09-2025: 2.3%▲ +0.4 percentage points vs 08-2025 10-2025: 3.5%▲ +1.2 percentage points vs 09-2025 11-2025: 0.7%▼ -2.8 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026lowest value 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 2.7%▲ +2.0 percentage points vs 06-2026 08-2026: 4.0%▲ +1.3 percentage points vs 07-2026 09-2026: 5.2%▲ +1.2 percentage points vs 08-2026highest value 10-2026: 3.3%▼ -1.9 percentage points vs 09-2026 11-2026: 3.3%● unchanged vs 10-2026

Financial strength
Strong

50+7equity 25.1% of total assets
50-5short-term debt 74.9% · cash 32.2%
80-9return on assets 9.1%

Score breakdown

raises risk
2 changes of registered office in 24 months
Last filed accounts filed 73 days late; 2 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.27, cash €115,204
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 26% of them on solvency, 29% on liquidity, 49% on profitability and 84% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 7,976 companies had the same profile as NDJ CONSTRUCT has now. Each dot stands for 20 companies, two years later.

94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of NDJ CONSTRUCT itself: 3.3% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,976 companies, not a prediction for NDJ CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €4,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.27 (1.18 in 2024), below the usual 1.5. Short-term debt is 74.9% and cash 32.2% of total assets. 74.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Liquidity: current ratio 1.27, cash €115,204
NBB · annual accounts
raises risk · Last filed accounts filed 73 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2025
73 days late
2024
61 days late
2023
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 54 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

VN
Director, since 09-06-2023
  • VANDENBUSSCHE Nathan Jean-Paul Martin 100 sharesdeed of 14-06-2023
Board & ownership

Recent changes

Registered office moved from Sint-Genesius-Rode to Waterloo New registered office: Drève Richelle 161 – Bâtiment K – Office Park – 1410 Waterloo · Previous registered office: Onze-Lieve-Vrouw-Voorplein 1, 1640 Sint-Genesius-Rode · General meeting of 01-06-2026 · Gazette deed
Registered office moved to Sint-Genesius-Rode New registered office: Onze-Lieve-Vrouw-Voorplein 1, 1640 Sint-Genesius-Rode · Board meeting of 06-05-2024 · Gazette deed
Incorporation Founding capital of €2,500, 100 shares · Founder: VANDENBUSSCHE Nathan Jean-Paul Martin (verschenen) · Appointment: VANDENBUSSCHE Nathan Jean-Paul Martin (director) · published on 14-06-2023 · Gazette deed
All 7 events

Comparable companies

same main activity, similar in size and age
Company
NDJ CONSTRUCT Waterloo €357,448 €90,910 25.1% -
JW Architects Lasne €333,624 €69,655 1.5% -
Great Library Design Studio Antwerp €356,778 €96,517 10.2% -
Studio Raeymaekers Maaseik €384,974 €92,385 72.9% -
Interieur Degrande Wevelgem €295,698 €64,205 11.0% -
RENODA CONSTRUCT Bredene €394,038 €78,659 38.8% -
WORKLIFE SPACE Auderghem €253,820 €86,437 83.2% -

These companies have the same main activity as NDJ CONSTRUCT: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €254,000 and €394,000, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 12-06-2023Normal situation
Registered office
245 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Activities of interior architectsNACE 71112and 6 others
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

€90,910▲ 8.2%
€32,643▼ 36.3%
€89,612▲ 57.3%
€357,448▲ 14.0%
Filing
Filed on 12-10-2026
Financials

Insights on NDJ CONSTRUCT

NDJ CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €4,339 in 2023 to €90,910 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 12-10-2026, 73 days late
€90,910
▲ 8.2%
€54,200
▼ 28.5%
€32,643
▼ 36.3%
€72,758
▲ 55.2%
25.1%
▲ 6.9 percentage points
1.27
▲ 0.09

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €190,000. Estimated: probably between €150,000 and €270,000.

Balance sheet

balance sheet total €357,448 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

25.1%

Higher than 25% of 11,794 companies in 2025.

1.27

Higher than 30% of 11,521 companies in 2025.

9.1%

Higher than 44% of 11,605 companies in 2025.

NDJ CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in architecture and engineering (NACE 71)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 357,448313,44321,739
21/28 16,85410,1012,402
22/27 16,6699,9162,402
24 16,6699,9162,402
28 185185-
29/58 340,594303,34319,336
3 70,000--
30/36 70,000--
40/41 145,645126,86415,312
40 106,70589,04611,422
41 38,93937,8183,889
54/58 115,204171,7982,859
490/1 9,7454,6811,166
Balance sheet: equity and liabilities
10/49 357,448313,44321,739
10/15 89,61256,9695,699
10/11 2,5002,5002,500
14 87,11254,4693,199
17/49 267,836256,47416,039
42/48 267,836256,47416,039
42 150,000150,000-
44 101,54394,19315,139
440/4 101,54394,19315,139
45 16,29312,281900
450/3 11,40011,400900
454/9 4,893881-
Income statement
9900 90,91084,0204,339
62 28,7083,975-
630 5,6962,542218
640/8 2,3061,698-
9901 54,20075,8054,122
75/76B 9173600
75 9173600
65/66B 7,5834,47423
65 7,5834,47423
9903 47,53471,6904,099
67/77 14,89120,421900
9904 32,64351,2703,199
9905 32,64351,2703,199
Appropriation of the result
9906 87,11254,4693,199
14P 54,4693,199-
Document PDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 12-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00554282.

Financial year Type Filed Reference Document
31-12-2025 micro format 12-10-2026 2026-00554282 PDF
31-12-2024 micro format 30-09-2025 2025-00518347 PDF
31-12-2023 micro format 27-08-2024 2024-00377596 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
59,89678,3474,339
38,33953,8123,417
12,44910,2412,620
-56,594168,939-
72,75846,8683,297
25.1%18.2%26.2%
1.271.181.21
1.011.181.21
2.994.502.81
36.4%90.0%56.1%
9.1%16.4%14.7%
7.9017.51over 100

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets€12,449€10,056€2,620
Financial fixed assets-€185-
€5,696€2,542€218

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on NDJ CONSTRUCT

The operating result for 2025 is 29% lower than in 2024.

Debt's share of the balance-sheet total falls from 81.8% to 74.9%. Equity and debt are higher.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 09-06-2023 term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 12-10-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 04-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VANDENBUSSCHE Nathan Jean-Paul Martin
Director (not named in the articles)
Board
Mandates as a list
  • VANDENBUSSCHE Nathan Jean-Paul Martin
    • Director (not named in the articles), from 09-06-2023 to date

See the board, name and registered office on a given date →

Control

This company
NDJ CONSTRUCT
Equity €89,612
Profit €32,643 in 2025

Capital

Contribution
€2,500
Shares
100
Contribution per share
€25
Equity per share
€896 in 2025
Source
deed of 14-06-2023

Articles of association

deed of 04-06-2026 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 18:00

Shareholders

At incorporation deed of 14-06-2023 ↗

Capital transactions

Capital over time
  1. 04-06-2026 Capital stated in the deed · 100 shares · as available equity
  2. 14-06-2023 Incorporation · €2,500 · 100 shares

Network & group

No group

NDJ CONSTRUCT has no parent and no holdings in its annual accounts. VANDENBUSSCHE Nathan Jean-Paul Martin is the only director.

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
J²D Patrimoine
via VANDENBUSSCHE Nathan Jean-Paul Martin · Director (not named in the articles) · deed of 03-09-2025
Founded in 2025
→

Timeline

Timeline

7 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 73 days late
Registered office moved from Sint-Genesius-Rode to WaterlooNew registered office: Drève Richelle 161 – Bâtiment K – Office Park – 1410 Waterloo · Previous registered office: Onze-Lieve-Vrouw-Voorplein 1, 1640 Sint-Genesius-Rode · General meeting of 01-06-20264 points ▸
  • General meeting, 01-06-2026
  • Registered-office move, Drève Richelle 161 – Bâtiment K – Office Park – 1410 Waterloo
  • 100 shares
  • Registered-office move, Drève Richelle 161 - Bâtiment K - Office Park – 1410 Waterloo
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2025
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Highest result from 2023 to 2025 net €51,270 ▲1,502% The operating result of €75,805 and the net result of €51,270 are both a record.
Registered office moved to Sint-Genesius-RodeNew registered office: Onze-Lieve-Vrouw-Voorplein 1, 1640 Sint-Genesius-Rode · Board meeting of 06-05-20242 points ▸
  • Board meeting, 06-05-2024
  • Registered-office move, Onze-Lieve-Vrouw-Voorplein 1, 1640 Sint-Genesius-Rode

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 27 days late
2023
IncorporationFounding capital of €2,500, 100 shares · Founder: VANDENBUSSCHE Nathan Jean-Paul Martin (verschenen) · Appointment: VANDENBUSSCHE Nathan Jean-Paul Martin (director) · published on 14-06-20233 points ▸

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

A deed published in both Dutch and French appears here once.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 June 2023, NDJ CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €2,500.12 The registered office moved to Sint-Genesius-Rode in 2024 and to Waterloo in 2026.34 VANDENBUSSCHE Nathan Jean-Paul Martin has served as director since 2023.5 Total assets went from €21,739 in 2023 to €357,448 in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-06-2023
  3. 3Belgian Official Gazette, 25-09-2024
  4. 4Belgian Official Gazette, 04-06-2026
  5. 5National Bank, annual accounts 2025
  6. 6National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0802.640.851
VAT number
BE 0802.640.851
Legal form
Private limited company
Status
Active, normal situation
Founded
12-06-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 18:00
deed of 04-06-2026 (in Dutch)
Meeting ruleThe articles set how the company's meetings are run.
“Sauf dans les cas prévus par la loi, les décisions sont prises à la majorité simple des voix, quel que soit le nombre de titres représentés…”
deed of 04-06-2026 (in Dutch)
Peppol
Not found in the Peppol Directory
Name
NDJ CONSTRUCT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-06-2026 (in Dutch)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
71112 Architectural and engineering activities; technical testing and analysis main activity
43110 Demolition
43221 Plumbing
43310 Plastering work
43390 Specialised construction activities
43994 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes les activités propres à et liées à une entreprise active dans le secteur de la construction et toutes les opérations techniques…”
7 activities
  1. Toutes les activités propres à et liées à une entreprise active dans le secteur de la construction et toutes les opérations techniques possibles relatives à la construction, à la rénovation et à l’achèvement dans le domaine immobilier : la transformation, l’adaptation de tout bâtiment et notamment tous les travaux de menuiserie, de pose de moquettes, de revêtements muraux et de sols, les travaux de plâtrerie, de pose de plafonds, de peinture, de maçonnerie et de bétonnage, la découpe et la pose de pierres et de marbre, de vitrages, de zinguerie, de revêtements métalliques et de non métalliques, ainsi que les travaux de démolition, l'installation de chauffage central, de chauffage au gaz par appareils individuels, et d'installations sanitaires et de plomberie, ainsi que la mise en place d'équipements électriques et de câblage.
  2. L'installation de systèmes de chauffage, le nettoyage et la réparation de façades, la pose d'isolations thermiques et acoustiques, les travaux d'assèchement de chantiers autres que ceux réalisés à l'asphalte ; la construction de pavillons démontables et de structures non métalliques, la pose de serrures, la pose de parquets, la pose de cloisons et de plafonds en bois, toute pose de volets, de matériaux en PVC, de menuiserie, l’installation de systèmes de ventilation, de chauffage par air chaud, de climatisation ainsi que la pose de canalisations industrielles.
  3. Toute contribution à l'établissement et au développement d'entreprises et en particulier de dispenser des avis financiers, techniques, commerciaux ou administratifs dans le sens le plus large du terme (à l'exception des conseils de placement d'argent et autres), fournir des conseils, son assistance et exécuter des services directement ou indirectement sur le plan de l'administration et des finances, de la vente, de la production, des techniques d’organisation et de distributions commerciales, et plus généralement de la gestion en général et de l’exercice de toutes activités de services et de management au sens le plus large de ces termes à toutes personnes physiques ou morales quelconques
  4. Exécuter tous mandats sous forme d'études d'organisation, d'expertises, d'actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet
  5. Exclusivement en son propre nom et pour son propre compte: la construction, le développement et la gestion du patrimoine immobilier; toutes les opérations, oui ou non sous le système de la TVA, relatives aux biens immobiliers et aux droits immobiliers, tels que l’achat et la vente, la construction, la rénovation, l’aménagement et la décoration d’intérieur, la location ou la prise en location, l’échange, le lotissement et, en général, toutes les opérations qui sont liées directement ou indirectement à la gestion ou à l’exploitation de biens immobiliers ou de droits réels immobiliers
  6. Exclusivement en son propre nom et pour son propre compte: la construction, le développement et la gestion d’un patrimoine mobilier; toutes les opérations relatives à des biens et des droits mobiliers, de quelque nature que ce soit, tels que la vente et l’achat, la location et la prise en location, l’échange, en particulier la gestion et la valorisation de tous biens négociables, actions, obligations, fonds d’État
  7. Exclusivement en son propre nom et pour son propre compte: faire des emprunts et consentir des prêts, crédits, financements et la négociation de contrats de leasing, dans le cadre des buts décrits ci-dessus
deed of 04-06-2026 (in Dutch)

Registered office and establishments

Drève Richelle 161 registered office 1410 Waterloo
1 former office
  • 1640 Sint-Genesius-Rode until 01-06-2026 · deed of 04-06-2026

Location

approximate (street level) On OpenStreetMap

Invoicing and payment

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Register as of 8 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.640.851