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NERM

Active
Public limited companyfounded 197947 yrs activeCongresstraat 35, 1000 Brussel, BelgiumKBO/BCE: BE 0419.156.202
Summary

NERM has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€108,596) and a net result of €14,730. Equity is shrinking by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
NERMActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201NACE 74142
1 site
Size
€17,532total assets 2025
Equity
-€108,596
Profit
€14,730
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Accounts on time0 of 5 deeds read
Why 55Capped at 59: negative equity- Sector Construction of residential and non-residential buildings (NACE 41)- Negative equity -€108,596+ Founded in 1979+ Size: total assets €17,532Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 48% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 0=
equity -619.4% of total assets
Liquidity 44+43
short-term debt 593.2% · cash 34.9%
Profitability 100+96
return on assets 84.0%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,373 companies)
Last 24 months 11-2024: 3.5% 12-2024: 3.5%● 0.0% vs 11-2024 01-2025: 3.5%▼ -0.4% vs 12-2024 02-2025: 4.2%▲ +19.5% vs 01-2025 03-2025: 4.2%▼ -0.7% vs 02-2025 04-2025: 4.5%▲ +6.4% vs 03-2025 05-2025: 5.0%▲ +11.4% vs 04-2025highest value 06-2025: 3.5%▼ -29.9% vs 05-2025 07-2025: 3.5%● 0.0% vs 06-2025 08-2025: 3.5%● 0.0% vs 07-2025 09-2025: 3.5%● 0.0% vs 08-2025 10-2025: 3.5%▼ -0.8% vs 09-2025 11-2025: 3.5%● 0.0% vs 10-2025 12-2025: 3.5%● 0.0% vs 11-2025 01-2026: 3.5%● 0.0% vs 12-2025 02-2026: 3.4%▼ -1.1% vs 01-2026 03-2026: 3.4%▼ -0.7% vs 02-2026 04-2026: 3.7%▲ +10.5% vs 03-2026 05-2026: 4.3%▲ +15.5% vs 04-2026 06-2026: 0.5%▼ -87.8% vs 05-2026 07-2026: 0.5%● 0.0% vs 06-2026 08-2026: 0.5%● 0.0% vs 07-2026 09-2026: 0.5%● 0.0% vs 08-2026 10-2026: 0.5%▼ -1.1% vs 09-2026lowest value
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
  • Negative equity -€108,596 raises the probability
  • Founded in 1979 lowers the probability for this profile
  • Size: total assets €17,532 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.17 against 0.26 in 2024; short-term debt: 593.2% and cash: 34.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 3%, liquidity 41%, profitability 91%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Negative equity -€108,596
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1979
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €17,532
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2716 sector peers (2025).
NBB · sector comparison
Position among 2716 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
2 d early
2023
1 d late
2022
81 d late
2020
36 d early
2019
6 d late
2018
22 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 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close06-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €14,730
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€108,596 View
  • Caution: Among the weakest 5% on solvencysector median 38.6% · 2,716 companies -619.4% View
  • Positive: Back in profit in 2025after -€77,348 in 2024 €14,730 View
  • Active since 1979founded 22-02-1979 47 years View

By topic

Financials

Fiscal year
2025
Total assets
€17,532
Profit
€14,730
Solvency
-619.4%
Go to Financials

Timeline

Events
12
Since
2014
Next accounts
by 30-04-2027
  1. 30-04-2026Annual accounts filed
  2. 30-09-2025Back to profit
  3. 28-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
22-02-1979
Year ends
30-09
Peppol
Not found in the Peppol directory
Go to Company details

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