NDM PAINT
ActiveThe computed 12-month bankruptcy probability of NDM PAINT is 2.3% (moderate). The 2025 annual accounts show equity of €33k and a net result of €12k. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 27559 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency100▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 5.64 against 3.16 in 2024; short-term debt: 16.3% and cash: 73.3% of total assets), and 16.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
83.7%
Return on assets
29.6%
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 26-03-2026, 127 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
127 d early
2024
87 d early
2023
68 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 54.6%
2024 · €21k
2023: €17k
2024: €21k
2023 → 2025
Total assets
€39k▲ 35.3%
2024 · €29k
2023: €26k
2024: €29k
2023 → 2025
Net result
€12k▲ 123%
2024 · €5k
2023: €14k
2024: €5k
2023 → 2025
Working capital
€30k▲ 81.9%
2024 · €16k
2023: €12k
2024: €16k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€17k-€21k▲ 25.7%€33k▲ 54.6%
Operating result€17k-€7k▼ 61.8%€15k▲ 127%
Net result€14k-€5k▼ 62.2%€12k▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 127% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39k
Fixed assets
€3k▼ 38.8%
Current assets
€36k▲ 51.1%
Equity and liabilities €39k
Equity
€33k▲ 54.6%
Debt
€6k▼ 17.6%
The debt ratio falls from 26.8% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €9k
Cash flow
€14k▲
2024 · €8k
Solvency
83.7%▲
2024 · 73.2%
Current ratio
5.64▲
2024 · 3.16
Quick ratio
5.64▲
2024 · 3.16
Debt / equity
0.19▼
2024 · 0.37
ROE
35.3%▲
2024 · 24.5%
ROA
29.6%▲
2024 · 17.9%
Interest coverage
76.04▼
2024 · 87.61
Debt
€6k▼
2024 · €8k
Debt ≤ 1 year
€6k▼
2024 · €8k
Income taxes
€3k▲
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29k€39k▲
Formation expenses20€0-
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€1k€231▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€24k€36k▲
Amounts receivable within one year40/41€13k€7k▼
Trade receivables40€5k€0▼
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€11k€29k▲
Deferred charges and accrued income490/1€751€243▼
Equity and liabilities
Total equity and liabilities10/49€29k€39k▲
Equity10/15€21k€33k▲
Contributions10/11€4k€4k=
Reserves13€17k€29k▲
Distributable reserves133€17k€29k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€8k€6k▼
Amounts payable within one year42/48€8k€6k▼
Trade debts44€282€772▲
Suppliers440/4€282€772▲
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€6k€6k▼
Other amounts payable47/48€859€0▼
Accrued charges and deferred income492/3€198€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€428€506▲
Gross operating margin9900€10k€17k▲
Operating profit (loss)9901€7k€15k▲
Financial income75/76B€255€243▼
Recurring financial income75€255€243▼
Financial charges65/66B€104€223▲
Recurring financial charges65€104€223▲
Profit (loss) for the period before taxes9903€7k€15k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€12k▲
Transfer to equity691/2€4k€12k▲
To other reserves6921€4k€12k▲
Profit to be distributed694/7€859€0▼
Return on contributions (dividend)694€859€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €5k ▼62.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
24-05
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.
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, Lede · 1 establishment unit since 2023
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.
Langehaag 639340 LedeGround area
637 m²
Building footprint
120 m²
Volume, LiDAR
648 m³
Parcel 41032A0232/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NDM Paint
since 20232.342.813.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41032A0232/00F000 | Flanders | 637 m² | 1 · 120 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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SEEVENS
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VWO
BE 0797.100.864
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2023
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43221Plumbing work
43310Plastering work
43320Joinery installation
43342Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.