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NG CONCEPT

Active
Private limited companyfounded 2016active for 10 yearsBruulstraat 23, 1130 Brussel, BelgiumKBO/BCE: BE 0650.990.556
Summary

NG CONCEPT has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,853 and a net result of €5,353. Equity is shrinking by about 4.1% per year across the filed financial years. Its solvency ranks better than 53% of 34,040 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€113,121total assets 2025
Equity
€55,853
Profit
€5,353
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Accounts 36 days early1 of 2 deeds read
Why 82raises riskSector: Specialised construction activities (NACE 43)Size: total assets €113,121lowers riskFigures for financial year 2025 (filed 25-03-2026)Founded in 2016Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 74+7
equity 49.4% of total assets
Liquidity 51+8
short-term debt 21.9% · cash 6.6%
Profitability 75+59
return on assets 4.7%
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 0.7% (47,550 companies, NACE 43, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.8%▲ +0.5 percentage points vs 04-2025 06-2025: 2.0%▲ +0.2 percentage points vs 05-2025 07-2025: 2.0%● unchanged vs 06-2025 08-2025: 2.0%● unchanged vs 07-2025 09-2025: 2.1%▲ +0.1 percentage points vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.2%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 2.1%▼ -0.1 percentage points vs 01-2026 03-2026: 2.0%▼ -0.1 percentage points vs 02-2026 04-2026: 0.6%▼ -1.4 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.5%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.56, compared with 2.2 in 2024; short-term debt: 21.9% and cash: 6.6% of total assets), but 50.6% of the assets are financed with debt and provisions.
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 54% on solvency, 45% on liquidity, 48% on profitability and 56% on growth.

The bankruptcy probability was computed on 11-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: total assets €113,121
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 25-03-2026)
NBB · annual accounts
lowers risk · Founded in 2016
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 25-03-2026, 36 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
36 days early
2024
6 days late
2023
42 days early
2022
12 days late
2021
342 days late
2020
38 days late
2019
22 days late
← 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 49 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)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 May (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end12-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Amendment of the articles · Legal-form…Resignations: TORZ Vasile (manager) and…
  3. Back to profitnet €5,353

Key points

  • New directorslatest change 02-12-2025 · 2 in office 2 joined View
  • Total assets 20256 financial years filed €113,121 View
  • Active since 2016founded 01-04-2016 10 years View

By topic

Financials

Financial year
2025
Total assets
€113,121
Profit
€5,353
Solvency
49.4%
Turnover▲ 37.2%
Net result
20192020
Go to Financials

Timeline

Events
13
Since
2019
Next accounts
by 30-04-2027
  1. 06-05-2025Annual accounts filed
  2. 19-03-2024Annual accounts filed
  3. 12-05-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
01-04-2016
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Purpose
“Carreleur, étanchéité de construction, couvertures non métalliques, peinture, vitrage…” (deed in French)
Go to Articles of association

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