NELU CONSTRUCT
ActiveSummary
NELU CONSTRUCT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92,084 and a net result of €84,024. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 65% of 9,600 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- €92,084
- Profit
- €84,024
Why 85raises riskSector: Specialised construction activities (NACE 43)Size: total assets €162,358Liquidity: current ratio 2.67, cash €7,668lowers riskFounded in 2014Show the evidence
Checked score
About 5 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 43, micro): better than 62% on solvency, 28% on liquidity, 93% on profitability and 99% on growth.
The bankruptcy probability was computed on 13-10-2026 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).
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Signals
This company filed its last 7 accounts on average 30 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €84,024 ▲422%
- Liquidity more than doubledcurrent ratio 2.67
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447101.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 404% above 2024 and is 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 43, Specialised construction activities: 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 0.5% 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 497,470 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% | 1.0% |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,737 | €5,194 | €2,552 | €2,996 | €4,255 | €3,897 | €4,594 | €2,384 | ▼ 48.1% |
| Other operating charges640/8 | - | - | - | €6,432 | €649 | €241 | €1,114 | €876 | ▼ 21.4% |
| Gross operating margin9900 | €43,344 | €50,850 | €31,418 | €56,886 | €13,707 | €16,189 | €28,901 | €120,067 | ▲ 315% |
| Operating profit (loss)9901 | €37,778 | €41,877 | €18,675 | €47,458 | €8,803 | €12,051 | €23,193 | €116,807 | ▲ 404% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | €25 | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €307 | €241 | €2,684 | €1,839 | €1,612 | ▼ 12.3% |
| Recurring financial charges65 | €1,003 | €783 | €190 | €307 | €241 | €2,684 | €1,839 | €1,612 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €36,800 | €41,095 | €18,485 | €47,151 | €8,562 | €9,367 | €21,354 | €115,195 | ▲ 439% |
| Income taxes67/77 | €11,803 | €12,841 | €4,141 | €13,187 | €2,457 | €2,550 | €5,256 | €31,171 | ▲ 493% |
| Profit (loss) for the period9904 | €24,997 | €28,253 | €14,344 | €33,964 | €6,105 | €6,816 | €16,098 | €84,024 | ▲ 422% |
| Profit (loss) for the period to be appropriated9905 | €24,997 | €28,253 | €14,344 | €33,964 | €6,105 | €6,816 | €16,098 | €84,024 | ▲ 422% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €68,571 | €104,005 | €45,265 | €62,770 | €45,664 | €63,114 | €101,243 | €162,358 | ▲ 60.4% |
| Fixed assets21/28 | €4,059 | €4,769 | €4,758 | €11,104 | €8,709 | €5,189 | €6,421 | €4,328 | ▼ 32.6% |
| Tangible fixed assets22/27 | €4,059 | €3,869 | €3,858 | €9,854 | €7,459 | €3,939 | €5,171 | €3,078 | ▼ 40.5% |
| Plant, machinery and equipment23 | - | - | - | €4,099 | €2,842 | €1,680 | €1,798 | €1,429 | ▼ 20.5% |
| Furniture and vehicles24 | - | - | - | €5,755 | €4,617 | €2,259 | €3,373 | €1,649 | ▼ 51.1% |
| Financial fixed assets28 | - | €900 | €900 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €64,512 | €99,236 | €40,507 | €51,667 | €36,955 | €57,925 | €94,821 | €158,031 | ▲ 66.7% |
| Amounts receivable within one year40/41 | €53,546 | €78,165 | €27,389 | €22,537 | €27,437 | €49,468 | €83,399 | €150,362 | ▲ 80.3% |
| Trade receivables40 | - | - | - | - | - | €11,236 | €1,000 | €27,828 | ▲ 2,683% |
| Other amounts receivable41 | - | - | - | €22,537 | €27,437 | €38,232 | €82,399 | €122,535 | ▲ 48.7% |
| Cash at bank and in hand54/58 | €10,966 | €21,071 | €11,474 | €28,143 | €8,649 | €7,466 | €10,448 | €7,668 | ▼ 26.6% |
| Deferred charges and accrued income490/1 | - | - | - | €987 | €868 | €991 | €975 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €68,571 | €104,005 | €45,265 | €62,770 | €45,664 | €63,114 | €101,243 | €162,358 | ▲ 60.4% |
| Equity10/15 | €8,060 | €8,060 | €8,060 | €18,024 | €8,060 | €8,060 | €8,060 | €92,084 | ▲ 1,042% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €85,884 | ▲ 4,517% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €84,024 | - |
| Profit (loss) carried forward14 | €77 | €1,148 | - | €9,964 | - | - | - | - | - |
| Amounts payable17/49 | €60,511 | €95,945 | €37,205 | €44,746 | €37,604 | €55,054 | €93,183 | €70,274 | ▼ 24.6% |
| Amounts payable after more than one year17 | €6,202 | €3,601 | €753 | - | - | €16,679 | €14,055 | €11,170 | ▼ 20.5% |
| Financial debts170/4 | - | - | - | - | - | €16,679 | €14,055 | €11,170 | ▼ 20.5% |
| Amounts payable within one year42/48 | €50,479 | €91,959 | €36,263 | €44,746 | €37,604 | €38,375 | €79,128 | €59,105 | ▼ 25.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €753 | - | €2,387 | €2,624 | €2,885 | ▲ 10.0% |
| Trade debts44 | €10,155 | €39,099 | €10,558 | €8,581 | €18,972 | €21,905 | €54,127 | €12,164 | ▼ 77.5% |
| Suppliers440/4 | - | - | - | €8,581 | €18,972 | €21,905 | €54,127 | €12,164 | ▼ 77.5% |
| Taxes, remuneration and social security45 | - | - | - | €15,012 | €4,973 | €8,290 | €8,693 | €34,608 | ▲ 298% |
| Taxes450/3 | - | - | - | €15,012 | €4,973 | €8,290 | €8,693 | €34,608 | ▲ 298% |
| Other amounts payable47/48 | - | - | - | €20,400 | €13,659 | €5,794 | €13,683 | €9,447 | ▼ 31.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,997 | €28,253 | €14,344 | €33,964 | €6,105 | €6,816 | €16,098 | €84,024 | ▲ 422% |
| + Depreciation and write-downs630 | €4,737 | €5,194 | €2,552 | €2,996 | €4,255 | €3,897 | €4,594 | €2,384 | ▼ 48.1% |
| Operating cash flow (approximation) | €29,734 | €33,447 | €16,897 | €36,960 | €10,360 | €10,714 | €20,692 | €86,407 | ▲ 318% |
| Investment in fixed assets (approximation) | - | -€5,904 | -€2,541 | -€9,341 | -€1,861 | -€377 | -€5,826 | -€290 | ▲ 95.0% |
| Change in cash | - | €10,106 | -€9,597 | €16,669 | -€19,494 | -€1,183 | €2,982 | -€2,779 | - |
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 | abbreviated format | 27-08-2026 | 2026-00447101 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00466369 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00425842 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397915 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20375733 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60300162 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49200466 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60600211 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59100519 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51600433 |
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 |
|---|---|
| MARITA Ioan Sorin |
|
Owners and capital
Capital and shareholders
- 25-09-2025 Converted to unavailable equity · €6,200
- 25-09-2025 Converted to unavailable equity · €1,860
- 25-09-2025 Converted to uncalled contributions · €12,400
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-09
Gazette deed
Resignation: MARITA Ioan Sorin (manager)Appointment: MARITA Ioan Sorin (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 18-09-2025
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French) (2 times)
- Capital conversion, “compte de capital 'apports non appelés'” (deed in French)
- Other provision, “conservation du compte de capitaux propres statutairement indisponible, ne pas rendre ces fonds disponibles pour distribution” (deed in French)
- Capital
- Capital, €8,060
- Registered office clause, “Jette (1090 Bruxelles), Boulevard de Smet de Naeyer 102” (deed in French)
- Director resignation, MARITA Ioan Sorin (manager)
- Director appointment, MARITA Ioan Sorin (director)
- Director discharge, MARITA Ioan Sorin
- Power of attorney (2 times)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 14 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 0507.733.830
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 |
|---|---|---|---|---|
| 21463D0283/00M052 | Brussels | 495 m² | 1 · 162 m² | 15.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'étude et la réalisation de tous travaux de construction, publics et privés, en qualité d'entrepreneur général ou en sous-traitance, la…” (deed in French)
25 activities (deed in French)
- L'étude et la réalisation de tous travaux de construction, publics et privés, en qualité d'entrepreneur général ou en sous-traitance, la conception et la construction de tous bâtiments et édifices, l'étude et la réalisation de décorations tant intérieures qu'extérieures
- L'entretien, la rénovation, les travaux de réparations, d'embellissements, de renouvellement et de modernisation, et la maintenance de tous les types d'ouvrages d'art, de biens immeubles, et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment
- Le nettoyage et l’entretien d’immeubles, le nettoyage de vitres et de bureaux, de petits travaux de bureau, services intérimaires, sous-traitance
- La mise a disposition des ménages et entreprises du personnels pour les travaux relatif au nettoyage du domicile, la lessive et le repassage, les petits travaux occasionnels de couture, la préparation de repas, les courses ménagères, jardinage et autres travaux tel que le transport accompagne de personnes a mobilité réduite et toutes autres activités dans le cadre des titres services au domicile et hors domicile de l’utilisateur des titres services
- La restauration en général et le secteur Horeca, l’organisation de banquets et réceptions, le service traiteur, y compris l’organisation, la gestion et l’exploitation de restaurants, sandwicheries, snack-bars, bars, cafeterias, débits de boissons, ainsi que toutes opérations de tourisme, d’hôtellerie, de divertissements et de loisirs en ce compris l’achat, la vente en gros et au détail, l’import-export de tous produits se rapportant directement ou indirectement a ces activités
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales
- Transport national et international par route de personnes et de marchandises
- Matériaux de construction, matériel électrique et électronique, sanitaire et de plomberie
- Tous produits alimentaires tels que fruits, légumes, conserves, produits laitiers, produits de la mer, poissons, boucherie, articles de ménage et articles cadeaux
- Tous textiles en général, vêtements divers, chaussures, cordonnerie, serrurerie, maroquinerie dans le sens le plus large
- Tous produits de l’artisanat en général, tapisseries y compris les articles du monde
- Tous les articles de parfumerie, de toilette, cosmétiques, produits de beauté, maquillage ainsi que savons et détergents
- Tous les articles d’horticulture tels que fleurs, plantes, articles de jardinage, aménagement et entretien de jardins et de pépinières
- Tous livres, antiquités, brocantes, objets de décoration, machines industrielles
- Tous bijoux, orfèvrerie
- Tous appareils électroménagers, tous films de bandes magnétiques, DVD, cassettes, tous articles imprimés ou enregistrés permettant leur lecture vision ou audition, livres
- Tous matériaux de bureau et de l’informatique, téléphones, gsm, fax
- Tous véhicules neufs et d’occasion, ainsi que leurs pièces détachées
- Atelier de confection et de vente de vêtements traditionnels et artisanaux
- Atelier de fabrication de tous produits de boulangerie et de pâtisserie, de tous produits alimentaires et non alimentaires
- Librairie
- La messagerie, les services de fax, de cabines téléphoniques et de photocopies, night-shop, de laboratoire de développements photos, d’atelier de tournage, d’affûtage et de rectification de pièces mécaniques
- D’un salon de coiffure et produits de salon
- Commerce ambulant et marchés publics
- Car-wash, d’une société de taxis, station-service (tous carburants tels que mazout, diesel, gaz,...), garage avec atelier de réparation, entretien et dépannage
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, par simple décision de l’organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, Organe d’administration” (deed in French)“Rémunération des administrateurs, Si le mandat d’administrateur est rémunéré, l’assemblée générale, statuant à la majorité absolue des voix…” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession d’actions, Les actions peuvent être cédées entre vifs ou transmises pour cause de mort, sans agrément” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Nommés pour trois ans, Contrôle de la société” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l'assemblée générale, dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'aurait été désigné, sans préjudice de la faculté de l'assemblée générale de désigner un ou plusieurs…” (deed in French)