NDM SERVICE
Bankruptcy closedNDM SERVICE was declared bankrupt on 07-10-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy declaration was reversed by judgment of 21-10-2025, published in the Belgian State Gazette on 28-10-2025. The 2024 annual accounts show equity of €84k and a net result of €2k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
277 d late
2022
57 d late
2021
343 d late
2020
114 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Financials · fiscal year 2024, micro schema
Turnover
€65k▼ 32.2%
2021 · €96k
2021: €96k
2021 → 2022
EBIT margin
45.7%▲ 27.5pp
2021 · 18.2%
2021: 18.2%
2021 → 2022
Net result
€2k▲ 248%
2023 · €699
2020: €37k
2021: €17k
2022: €27k
2023: €699
2020 → 2024
Working capital
€75k▲ 8.1%
2023 · €70k
2020: €25k
2021: €27k
2022: €62k
2023: €70k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€96k€65k▼ 32.2%
Equity€37k-€55k▲ 46.1%€81k▲ 48.8%€82k▲ 0.9%€84k▲ 3.0%
Operating result€38k-€17k▼ 53.7%€30k▲ 70.3%€916▼ 96.9%€3k▲ 185%
Net result€37k-€17k▼ 53.9%€27k▲ 54.8%€699▼ 97.4%€2k▲ 248%
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 2024; 2024 is 185% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €166k
Fixed assets
€9k▼ 26.4%
Current assets
€157k▲ 8.0%
Equity and liabilities €166k
Equity
€84k▲ 3.0%
Debt
€81k▲ 8.0%
The debt ratio rises from 47.9% to 49.1%. Equity and debt are higher.
Key figures and ratios
Solvency
50.9%▼
2023 · 52.1%
Current ratio
1.93=
2023 · 1.93
Quick ratio
1.76▲
2023 · 1.75
Debt / equity
0.96▲
2023 · 0.92
ROE
2.9%▲
2023 · 0.9%
ROA
1.5%▲
2023 · 0.4%
Debt
€81k▲
2023 · €75k
Debt ≤ 1 year
€81k▲
2023 · €75k
Staff costs
€27k▲
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€157k€166k▲
Fixed assets21/28€12k€9k▼
Tangible fixed assets22/27€12k€9k▼
Plant, machinery and equipment23€9k€9k=
Furniture and vehicles24€3k-
Current assets29/58€145k€157k▲
Stocks and contracts in progress3€14k€14k=
Contracts in progress37€14k€14k=
Amounts receivable within one year40/41€126k€134k▲
Trade receivables40€31k€36k▲
Other amounts receivable41€96k€98k▲
Cash at bank and in hand54/58€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€157k€166k▲
Equity10/15€82k€84k▲
Contributions10/11€1€1=
Profit (loss) carried forward14€82k€84k▲
Amounts payable17/49€75k€81k▲
Amounts payable within one year42/48€75k€81k▲
Trade debts44€25k€12k▼
Suppliers440/4€25k€12k▼
Advances received on contracts in progress46€46k€56k▲
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€2k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k-
Other operating charges640/8-€20
Non-recurring operating charges66A-€3k
Gross operating margin9900€10k€32k▲
Operating profit (loss)9901€916€3k▲
Financial charges65/66B€218€177▼
Recurring financial charges65€218€177▼
Profit (loss) for the period before taxes9903€699€2k▲
Profit (loss) for the period9904€699€2k▲
Profit (loss) for the period to be appropriated9905€699€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€84k▲
Profit (loss) brought forward from the previous period14P€81k€82k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Dendermonde · NDM SERVICE BV OUDE HEERWEG 2, 9160 LOKEREN · event 21-10-2025
13-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · NDM SERVICE BV OUDE HEERWEG 2, 9160 LOKEREN · event 07-10-2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 277 days late
04-04
KBO administration
Address strikeout annulled
2023
31-12
Financial
Weakest financial yearnet €699 ▼97.4%
Net result drops to €699, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 343 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Lokeren · 1 establishment unit since 2019
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.
Oude Heerweg 29160 LokerenGround area
682 m²
Building footprint
180 m²
Volume, LiDAR
1,074 m³
Parcel 46014A0531/00L004, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NDM SERVICE
since 20192.296.214.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0531/00L004 | Flanders | 682 m² | 1 · 180 m² | 8.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN DE RAEVE NOORDLAAN 28, 9200 DENDER-
MONDE |
07-10-2025 → present |
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Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 6,250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Ndmservice@outlook.com
Phone:0470818243