Equity
€5.3m ▲ 8.0%
Nedcon has made a profit in every financial year since 2007.
Nedcon
Lifetime
19 annual accounts with figures on one time axis, 45 filings since 1978peak €2.9m (2021)
-not published
peak €1.6m (2021)
€386,121▼ 30.9%
peak €5.3m (2025)
€5.3m▲ 8.0%
€1.1m▼ 42.3%
peak 7.7 FTE (2007)
6.2 FTEunchanged
Board2 names since 2022
2 directorsLINK CONCEPT and 1 other
Owners4 names in the annual accounts
50%LINK CONCEPT and 1 other
Documentsfilings and deeds
31-10-2026365 days late
2025financial year
Turnover from €6.7m to €5.2mResult from €559,087 to €386,121Debts from €1.9m to €1.1m
Key points
from the 2025 annual accountsResult
€386,121 ▼ 30.9%
The result fell in 2025 from €559,087 to €386,121.
Liquidity
6.35 was 3.64 in 2024
Short-term debts fell from €1.5m to €820,076.
Filings
45 annual accounts 8 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
At the same address
11 companies
Position in the sector
82.9%
Higher solvency than 89% of companies in fabricated metal products. Sector median 45.5% · 834 companies.
Checked score
92
Excellent
Financially stronger than 67% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025highest value
12-2025: < 0.1%▼ -0.2 percentage points vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: 0.2%▲ +0.2 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 365 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1978
Liquidity: current ratio 6.35, cash €3.2m
Equity €5.3m (82.9% of total assets)
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 25, micro). It does better than 90% of them on solvency, 95% on liquidity, 43% on profitability and 40% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as Nedcon has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Nedcon itself: 0.2% 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.
| 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 31,368 companies, not a prediction for Nedcon. 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 €480,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.35 (3.64 in 2024), above the usual 1.5. Short-term debt is 12.9% and cash 50% of total assets. 17.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
386 days late
2023
45 days early
2022
19 days early
2021
30 days late
2020
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 70 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- NEDCON GROEP NV consolidatesannual accounts 31-03-2010
- Voestalpine AG consolidatesannual accounts 31-03-2010
- LINK CONCEPT 50%score 96equity €2.1m (2025) · 2025 annual accounts of LINK CONCEPT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0418205503
2 directors reappointed
M.O.C.Management Consulting BVV and Link Concept BV · Permanent representatives: Luc Mertens and Chris Bartholomevis · General meeting of 16-08-2022 · Gazette deed
First establishment
Bannerlaan 83, Grobbendonk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Nedcon Grobbendonk | €5.2m | 9.3% | 82.9% | 6.2 |
| DEBA Deinze | €5.3m | 12.2% | 63.3% | 10.5 |
| HAHBO Wijnegem | €3.3m | 13.7% | 47.7% | 5.9 |
| TRANSPICO INDUMOVE INTERNATIONAL Niel | €1.3m | 24.5% | 92.1% | 4.5 |
| Staal Straal Weelde Ravels | €8.0m | 7.2% | 14.3% | 16.1 |
| PIPE CONSTRUCT Frameries | €10.6m | 30.4% | 25.3% | 8.8 |
| SILBLOXX Lichtervelde | €13.8m | 1.1% | 18.0% | 13.3 |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Nedcon: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €2.7m and €13m, founded between 1981 and 1994.
Official details
Source: KBO- Status
- Active since 23-03-1978Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 2 others
- Establishment unit
- 2.035.474.9222280 Grobbendonk, since 01-04-1978
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Insights on Nedcon
Nedcon has existed since 1978. In 2016 the gross margin rose from €717,292 to €1.6m.
Solvency rose in 2025 from 72.1% to 82.9% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Nedcon
- What is the company number of Nedcon?
- The company number of Nedcon is 0418.205.503. The VAT number is the same number with BE in front: BE 0418.205.503.
- Where is Nedcon based?
- The registered office is at Bannerlaan 83, 2280 Grobbendonk.Company details
- What does Nedcon do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of Nedcon?
- Nedcon is a public limited company (NV).
- When was Nedcon founded?
- Nedcon was founded on 23-03-1978.
- Is Nedcon still active?
- Yes, Nedcon is an active enterprise in the KBO register.
- How many employees does Nedcon have?
- Nedcon had an average of 6.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Nedcon?
- The turnover of Nedcon was €5.2m in financial year 2025, according to the filed annual accounts.
- Is Nedcon profitable?
- In financial year 2025, Nedcon made a profit of €386,121.
- Where can I find the annual accounts of Nedcon?
- Nedcon filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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