NDK Construct
ActiveSummary
NDK Construct has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,005 and a net result of €19,980. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 82% of 9,316 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €42,005
- Profit
- €19,980
Why 72raises riskSize: total assets €57,196Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2014Figures for financial year 2025 (filed 09-04-2026)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 82% on solvency, 40% on liquidity, 66% on profitability and 87% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 8 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €19,980
- Liquidity more than triplescurrent ratio 3.77
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €27,925 after a loss of €12,359 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €913 | €0 | - | €8,355 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,089 | €15,555 | €15,520 | €6,470 | €5,941 | €2,101 | €973 | €2,437 | ▲ 150% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€1,250 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €1,655 | €1,403 | €1,381 | €1,431 | €1,473 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €2,377 | - |
| Gross operating margin9900 | €26,687 | €52,564 | €26,107 | €12,064 | €9,748 | -€16,268 | -€9,955 | €34,213 | - |
| Operating profit (loss)9901 | €6,508 | €33,883 | €8,704 | €3,939 | €2,404 | -€18,501 | -€12,359 | €27,925 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €32 | €34 | €39 | €44 | €7,622 | ▲ 175× |
| Recurring financial charges65 | €322 | €1,182 | €1,029 | €32 | €34 | €39 | €44 | €7,622 | ▲ 175× |
| Profit (loss) for the period before taxes9903 | €6,186 | €32,700 | €7,675 | €3,907 | €2,370 | -€18,540 | -€12,402 | €20,304 | - |
| Income taxes67/77 | €5,232 | €6,333 | €3,926 | €1,449 | €1,109 | €260 | €265 | €324 | ▲ 22.3% |
| Profit (loss) for the period9904 | €954 | €26,367 | €3,749 | €2,458 | €1,261 | -€18,800 | -€12,667 | €19,980 | - |
| Profit (loss) for the period to be appropriated9905 | €954 | €26,367 | €3,749 | €2,458 | €1,261 | -€18,800 | -€12,667 | €19,980 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €136,380 | €152,557 | €138,610 | €162,955 | €179,294 | €148,973 | €123,696 | €57,196 | ▼ 53.8% |
| Fixed assets21/28 | €87,584 | €75,133 | €59,613 | €55,757 | €49,815 | €47,714 | €46,741 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €46,384 | €30,829 | €15,309 | €11,453 | €5,511 | €3,410 | €2,437 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €3,840 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €2,934 | €1,580 | €226 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €4,679 | €3,931 | €3,184 | €2,437 | €0 | ▼ 100% |
| Financial fixed assets28 | €41,200 | €44,304 | €44,304 | €44,304 | €44,304 | €44,304 | €44,304 | €0 | ▼ 100% |
| Current assets29/58 | €48,796 | €77,424 | €78,997 | €107,198 | €129,479 | €101,259 | €76,955 | €57,196 | ▼ 25.7% |
| Amounts receivable after more than one year29 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €27,799 | €51,783 | €63,025 | €82,120 | €116,905 | €58,661 | €58,380 | €17,885 | ▼ 69.4% |
| Trade receivables40 | - | - | - | €82,069 | €115,959 | €49,281 | €49,281 | €16,649 | ▼ 66.2% |
| Other amounts receivable41 | - | - | - | €51 | €946 | €9,379 | €9,099 | €1,235 | ▼ 86.4% |
| Cash at bank and in hand54/58 | €8,271 | €14,958 | €5,262 | €14,351 | €2,313 | €32,314 | €8,280 | €1,312 | ▼ 84.2% |
| Deferred charges and accrued income490/1 | - | - | - | €728 | €261 | €285 | €295 | €38,000 | ▲ 129× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €136,380 | €152,557 | €138,610 | €162,955 | €179,294 | €148,973 | €123,696 | €57,196 | ▼ 53.8% |
| Equity10/15 | €22,858 | €39,825 | €43,573 | €46,032 | €47,292 | €28,492 | €22,025 | €42,005 | ▲ 90.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €26,860 | €26,860 | €26,860 | €26,860 | €15,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €25,000 | €25,000 | €15,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €8,598 | €565 | €4,313 | €6,772 | €8,032 | €1,092 | €425 | €20,405 | ▲ 48× |
| Provisions and deferred taxes16 | - | €1,250 | €1,250 | €1,250 | €1,250 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €1,250 | €1,250 | €0 | - | - | - |
| Environmental obligations163 | - | - | - | - | - | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €1,250 | €1,250 | - | - | - | - |
| Amounts payable17/49 | €113,523 | €111,482 | €93,786 | €115,673 | €130,752 | €120,481 | €101,671 | €15,191 | ▼ 85.1% |
| Amounts payable after more than one year17 | €20,699 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €80,259 | €81,482 | €71,536 | €94,423 | €109,502 | €99,231 | €80,421 | €15,191 | ▼ 81.1% |
| Trade debts44 | €846 | €4,135 | €388 | €63 | €265 | €382 | €624 | €97 | ▼ 84.4% |
| Suppliers440/4 | - | - | - | €63 | €265 | €382 | €624 | €97 | ▼ 84.4% |
| Taxes, remuneration and social security45 | - | - | - | €8,118 | €12,454 | €675 | €675 | €1,817 | ▲ 169% |
| Taxes450/3 | - | - | - | €8,118 | €10,354 | €675 | €675 | €1,817 | ▲ 169% |
| Remuneration and social security454/9 | - | - | - | - | €2,100 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €86,243 | €96,783 | €98,174 | €79,122 | €13,276 | ▼ 83.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,250 | €1,250 | €1,250 | €1,250 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €954 | €26,367 | €3,749 | €2,458 | €1,261 | -€18,800 | -€12,667 | €19,980 | - |
| + Depreciation and write-downs630 | €16,089 | €15,555 | €15,520 | €6,470 | €5,941 | €2,101 | €973 | €2,437 | ▲ 150% |
| Operating cash flow (approximation) | €17,043 | €41,922 | €19,269 | €8,928 | €7,202 | -€16,699 | -€11,694 | €22,417 | - |
| Investment in fixed assets (approximation) | - | -€3,104 | €0 | -€2,614 | €0 | €0 | €0 | €44,304 | - |
| Change in cash | - | €6,687 | -€9,695 | €9,088 | -€12,038 | €30,001 | -€24,034 | -€6,968 | ▲ 71.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-04-2026 | 2026-00074973 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00413609 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00387541 |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00339062 |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20298319 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-56600029 |
| 31-12-2019 | abbreviated format | 25-09-2020 | 2020-55600476 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57100214 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52200213 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-51800285 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE KOSTER Nico |
|
Owners and capital
Capital and shareholders
- 24-10-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
75.2%
According to the 2024 annual accounts of NDK Construct and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
24-10
Gazette deed
Resignation: DE KOSTER Nico (manager)Appointment: DE KOSTER Nico (director) · Capital conversion · Amendment of the articles11 facts ▸
- General meeting, 17-10-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, DE KOSTER Nico (manager)
- Director appointment, DE KOSTER Nico (director (not named in the articles))
- Director discharge, DE KOSTER Nico
- Registered office clause, “1730 Asse,Pullewouwe 95” (deed in Dutch)
- Power of attorney, Lydia Engels
- Power of attorney
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0547.605.481
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23002H0774/00G000 | Flanders | 2,883 m² | 1 · 303 m² | 7.5 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ondernemen van alle openbare en private bouwwerken en onder meer de grondwerken, de ruwbouw, de algemene bouwwerkzaamheden, de voeg- en…” (deed in Dutch)
31 activities (deed in Dutch)
- Het ondernemen van alle openbare en private bouwwerken en onder meer de grondwerken, de ruwbouw, de algemene bouwwerkzaamheden, de voeg- en pleisterwerken, de schrijnwerkerij, het dakdekken en isoleren, het schilderen, het coördineren van bouwwerken, de binnenhuisinrichting (interieur en decoratie), interieurarchitectuur en architectuur, de sanitaire installaties, alsmede de uitvoering van alle montage en constructiewerken;
- Het aan- en verkopen, huren of verhuren van transport- en aannemersmateriaal, zowel personenwagens, vrachtwagens, kranen, bulldozers en jacht- en pleziervaartuigen;
- Het leggen van verhardingen, klinkers en kasseien voor wegen, terrassen en opritten;
- Het uitvoeren van klusjes allerhande;
- Het uitvoeren van tuinaanleg en –onderhoud. Het uitoefenen van tuin- en landschapsarchitectuur;
- Het kweken en vellen van bomen. Het aanleggen van gazons en sportvelden.
- Het aanleggen van daktuinen. Het uitvoeren van kleine tuinbouwwerken.
- Het aanleggen van tuinbergingen, vijvers en waterkeringsmuren.
- Het plaatsen van beplantingen en afsluitingen. Het plaatsen van buitenverlichting en het verrichting van kleine elektriciteitswerken in verband met tuinen.
- Het verrichtingen van alle activiteiten die rechtstreeks of onrechtstreeks te maken hebben met de exploitatie van een fruit-, landbouw- en/of tuinbouwbedrijf in de meest ruime zin van het woord. Dit betreft onder meer, doch niet beperkend:
- Het telen van diverse producten zoals granen, fruit, groenten, zaai- en plantgoed, paddenstoelen, bloemen en bomen, alsook andere gewassen;
- Het kweken van vee allerhande;
- De handel in de vruchten van het bedrijf;
- Alle handelingen die verband houden met mestopslag;
- De opslag en/of het vervoer van vee en de vruchten van het bedrijf;
- De verhuur van machines en installaties voor de exploitatie van het bedrijf;
- De handel in sproeistoffen en bestrijdingsmiddelen allerhande;
- Het uitvoeren van grond- en rioleringswerken.
- Het verlenen van dienstprestaties van administratieve, technische, commerciële en bedrijfseconomische aard in de meest uitgebreide betekenis.
- Het verlenen aan bedrijven en particulieren van advies en bijstand en het voeren voor hen van het beleid en het beheer op technisch, commercieel, administratief en bedrijfseconomisch vlak;
- Het organiseren van de administratieve diensten van de ondernemingen, evenals de consult inzake deze organisatie;
- Het organiseren van het aankoop- en verkoopbeleid van de ondernemingen.
- Het ter beschikking stellen van derden onder welke vorm ook van benodigdheden, materiaal, instrumenten, hard- en software;
- Het voorbereiden en uitvoeren in verband met hetgeen voorafgaat aan concrete projecten;
- Het dienstbetoon inzake organisatie en toepassing van de meest verschillende wetgevingen;
- Het ter beschikking stellen van management;
- Het uitoefenen van bedrijfsleiding en het organiseren ervan, alsook het waarnemen van het bestuur op alle niveaus, zowel voor eigen rekening als voor rekening van of in deelneming met derden, van handels-, nijverheids-, of andere ondernemingen, bestaande onder om het even welke vorm, en dit zonder enige beperking; Het optreden als bestuurder, zaakvoerder of vereffenaar in andere vennootschappen.
- Het huren en verhuren en het ter beschikking stellen in gelijk welke vorm aan ondernemingen en verenigingen van materialen, materieel en installaties;
- De organisatie van en deelname aan manifestaties, tentoonstellingen, evenementen en beurzen allerhande;
- Het handelen als tussenpersoon in de handel, dit zowel voor eigen rekening, in consignatie als op commissie en dit zowel in België als in het buitenland;
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en in stand houden van eigen onroerende goederen, onder meer door verhuring en andere overeenkomsten met derden in verband met hun gebruik en genot. De vennootschap mag onder meer onroerende goederen verwerven, laten bouwen, laten opschikken, laten uitrusten. Zij mag onroerende goederen vervreemden met het oog op wederbelegging en opbrengst.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NDK Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan bevoegd zetel binnen België te verplaatsen voor zover geen wijziging taal statuten vereist;geen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur;bij gebrek bepaling mandaat van onbepaalde duur, één of meer bestuurders” (deed in Dutch)“Vergoeding bestuurders, Artikel 13” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Artikel 23, algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed