NDS
ActiveSummary
NDS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294,058 and a net result of -€19,868. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 13.26 against 7.56 in 2024; short-term debt: 4.7% and cash: 55.2% of total assets), and 4.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€19,868
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
49 d early
2023
44 d early
2022
40 d early
2021
38 d early
2020
51 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€294,058▼ 6.3%
2024 · €313,926
Total assets
€308,517▼ 10.4%
2024 · €344,246
Net result
-€19,868▼ 3,412%
2024 · -€566
Working capital
€177,275▼ 10.9%
2024 · €198,949
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
Line20212022202320242025
Operating result-€2,842€22,623€70,445▲ 211%€158▼ 99.8%-€21,625
Net result-€2,902€16,920€50,855▲ 201%-€566-€19,868▼ 3,412%
Equity€246,717▼ 1.2%€263,637▲ 6.9%€314,492▲ 19.3%€313,926▼ 0.2%€294,058▼ 6.3%
Total assets€259,348▼ 2.2%€281,695▲ 8.6%€340,496▲ 20.9%€344,246▲ 1.1%€308,517▼ 10.4%
Debt€12,631▼ 18.8%€18,058▲ 43.0%€26,004▲ 44.0%€30,319▲ 16.6%€14,459▼ 52.3%
Working capital€206,925▲ 7.7%€218,284▲ 5.5%€278,472▲ 27.6%€198,949▼ 28.6%€177,275▼ 10.9%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21,625 after €158 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,517
Fixed assets
€116,783 ▲ 1.6%
Current assets
€191,734 ▼ 16.4%
Equity and liabilities €308,517
Equity
€294,058 ▼ 6.3%
Debt
€14,459 ▼ 52.3%
Debt's share of the balance-sheet total falls from 8.8% to 4.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,349▼
2024 · €28,701
Cash flow
€16,106▼
2024 · €27,977
Current ratio
13.26▲
2024 · 7.56
Debt to equity
0.05▼
2024 · 0.10
ROE
-6.8%▼
2024 · -0.2%
ROA
-6.4%▼
2024 · -0.2%
Interest coverage
159.44▲
2024 · 112.56
Debt ≤ 1 year
€14,459▼
2024 · €30,319
Income taxes
-€14▼
2024 · €1,019
Staff costs
€55,895▲
2024 · €54,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,304 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €70,000 | - | €18,500 | - |
| Remuneration, social security and pensions62 | €45,724 | €50,253 | €53,161 | €54,103 | €55,895 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,158 | €24,388 | €11,771 | €28,543 | €35,974 | ▲ 26.0% |
| Other operating charges640/8 | €656 | €628 | €607 | €568 | €584 | ▲ 2.9% |
| Gross operating margin9900 | €67,696 | €97,893 | €135,984 | €83,371 | €70,828 | ▼ 15.0% |
| Operating profit (loss)9901 | -€2,842 | €22,623 | €70,445 | €158 | -€21,625 | ▼ 13,762% |
| Financial income75/76B | €5 | €0 | €706 | €550 | €1,832 | ▲ 233% |
| Recurring financial income75 | €5 | €0 | €706 | €550 | €1,832 | ▲ 233% |
| Financial charges65/66B | €64 | €84 | €101 | €255 | €90 | ▼ 64.7% |
| Recurring financial charges65 | €64 | €84 | €101 | €255 | €90 | ▼ 64.7% |
| Profit (loss) for the period before taxes9903 | -€2,900 | €22,540 | €71,049 | €453 | -€19,882 | ▼ 4,487% |
| Income taxes67/77 | €2 | €5,619 | €20,195 | €1,019 | -€14 | ▼ 101% |
| Profit (loss) for the period9904 | -€2,902 | €16,920 | €50,855 | -€566 | -€19,868 | ▼ 3,412% |
| Profit (loss) for the period to be appropriated9905 | -€2,902 | €16,920 | €50,855 | -€566 | -€19,868 | ▼ 3,412% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €259,348 | €281,695 | €340,496 | €344,246 | €308,517 | ▼ 10.4% |
| Fixed assets21/28 | €39,792 | €45,353 | €36,020 | €114,977 | €116,783 | ▲ 1.6% |
| Tangible fixed assets22/27 | €39,792 | €45,353 | €36,020 | €114,977 | €116,783 | ▲ 1.6% |
| Land and buildings22 | €15,061 | €12,408 | €10,870 | €9,332 | €7,794 | ▼ 16.5% |
| Plant, machinery and equipment23 | €601 | €1,275 | €3,144 | €1,847 | €777 | ▼ 57.9% |
| Furniture and vehicles24 | €24,129 | €31,670 | €22,007 | €103,798 | €108,212 | ▲ 4.3% |
| Current assets29/58 | €219,557 | €236,342 | €304,475 | €229,268 | €191,734 | ▼ 16.4% |
| Amounts receivable within one year40/41 | €19,074 | €24,937 | €14,933 | €16,433 | €20,380 | ▲ 24.0% |
| Trade receivables40 | €15,022 | €19,711 | €9,183 | €4,712 | €10,376 | ▲ 120% |
| Other amounts receivable41 | €4,052 | €5,226 | €5,750 | €11,721 | €10,004 | ▼ 14.7% |
| Cash at bank and in hand54/58 | €200,324 | €211,235 | €289,362 | €212,353 | €170,207 | ▼ 19.8% |
| Deferred charges and accrued income490/1 | €158 | €170 | €181 | €482 | €1,147 | ▲ 138% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €259,348 | €281,695 | €340,496 | €344,246 | €308,517 | ▼ 10.4% |
| Equity10/15 | €246,717 | €263,637 | €314,492 | €313,926 | €294,058 | ▼ 6.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €26,727 | €26,727 | €26,727 | €26,727 | €26,727 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €20,809 | €20,809 | €20,809 | €20,809 | €20,809 | = |
| Distributable reserves133 | €4,058 | €4,058 | €5,918 | €5,918 | €5,918 | = |
| Profit (loss) carried forward14 | €201,390 | €218,310 | €269,164 | €268,599 | €248,731 | ▼ 7.4% |
| Amounts payable17/49 | €12,631 | €18,058 | €26,004 | €30,319 | €14,459 | ▼ 52.3% |
| Amounts payable within one year42/48 | €12,631 | €18,058 | €26,004 | €30,319 | €14,459 | ▼ 52.3% |
| Trade debts44 | €3,025 | €2,523 | - | €5,173 | €5,029 | ▼ 2.8% |
| Suppliers440/4 | €3,025 | €2,523 | - | €5,173 | €5,029 | ▼ 2.8% |
| Taxes, remuneration and social security45 | €9,607 | €15,535 | €26,004 | €25,147 | €9,430 | ▼ 62.5% |
| Taxes450/3 | €6,286 | €10,322 | €20,648 | €19,984 | €3,633 | ▼ 81.8% |
| Remuneration and social security454/9 | €3,320 | €5,213 | €5,356 | €5,163 | €5,797 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,902 | €16,920 | €50,855 | -€566 | -€19,868 | ▼ 3,412% |
| + Depreciation and write-downs630 | €24,158 | €24,388 | €11,771 | €28,543 | €35,974 | ▲ 26.0% |
| Operating cash flow (approximation) | €21,256 | €41,308 | €62,626 | €27,977 | €16,106 | ▼ 42.4% |
| Investment in fixed assets (approximation) | - | -€29,950 | -€2,438 | -€107,500 | -€37,780 | ▲ 64.9% |
| Change in cash | - | €10,911 | €78,126 | -€77,009 | -€42,146 | ▲ 45.3% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€19,868
Net result drops to -€19,868, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €50,855 ▲201%
Operating result €70,445, net result €50,855, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,920
Net result €16,920 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 22.68
Current ratio from 7.66 to 22.68; short-term debt falls from €21,954 to €8,590.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Heist-op-den-Berg · 1 establishment unit since 1989
Ground area
903 m²
Building footprint
143 m²
Parcel 12017C0594/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
NDS bv
since 19892.043.139.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017C0594/00C000 | Flanders | 903 m² | 1 · 143 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHeist-op-den-Berg2.043.139.506
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,871 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
Founded21-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Contact
E-mail
eddy.rijmenants@gmail.comHeist-op-den-Berg
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437013011
Registered
23-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.