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Complete company report
Generated 04-09-2026
Active BE 0728.884.328Private limited company

NG CONSTRUCT

· 7 yrs active
Sector: Other specialised construction activities (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of NG CONSTRUCT is 5.3% (elevated). The 2023 annual accounts show equity of €11k and a net result of €6k. Its solvency ranks better than 18% of 9183 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €11k
Net result €6k
Better than sector 18%
Active 7 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health63Profitability100Solvency29Growth52Stability100
69 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 63
Profitability 100
Solvency 29
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
5.3% Elevated
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2023 · computed
63 / 100 Healthy
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
68 2022
63 2023
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 1.45 (≥ 1.0) +5
Quick ratio Quick ratio 1.45 (≥ 1.0) +5
Leverage Debt/equity 7.13 (> 3.0) -10
Profitability ROE 57% (≥ 10%) +10
Interest coverage Interest coverage 2.8× +3
Profit trend Net profit down YoY -3
Equity growth Equity growing YoY +3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 11-10-2024 with the NBB · fiscal year 2023 · micro schema
€0€10k€20kOperating result 2022: €24k€24kNet result 2022: €15k€15kOperating result 2023: €13k€13kNet result 2023: €6k€6k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 12.3% 38.6%
better than 18% of 9183 sector peers
Net result €6k €12k
better than 38% of 9168 sector peers
Equity €11k €30k
better than 25% of 9190 sector peers
Gross operating margin €16k €33k
better than 29% of 9157 sector peers
Staff costs €29 €26k
higher than 5% of 3379 sector peers
EBITDA
€14k
-44.5% 22-23
Net profit
€6k
-57.8% 22-23
Cash flow
€7k
-56.5% 22-23
Total assets
€91k
+53.8% 22-23
Equity
€11k
+133.9% 22-23
Working capital
€27k
+1646.4% 22-23
Staff costs
€29
-92.6% 22-23
Income taxes
€4k
-55.4% 22-23
Dividends
€24k
- 22-23
Debt
€80k
+46.8% 22-23
Debt ≤ 1y
€61k
+12.3% 22-23
Current ratio
1.45
+40.9% 22-23
Quick ratio
1.45
+40.9% 22-23
Solvency
12.3%
+52.0% 22-23
Debt / equity
7.13
-37.2% 22-23
ROE
57.2%
-82.0% 22-23
ROA
7.0%
-72.6% 22-23
Interest coverage
2.82
-81.7% 22-23
Figures by fiscal year and ratios
Fiscal year20232022
Depositmicro schemamicro schema
Revenue--
EBITDA€14k€25k
Net profit€6k€15k
Cash flow€7k€16k
Staff costs€29€390
Income taxes€4k€9k
Dividends-€24k
Total assets€91k€59k
Equity€11k€5k
Debt€80k€54k
of which ≤ 1y€61k€54k
of which > 1y--
Working capital€27k€2k
Employees (FTE)--
Ratios (computed)
20232022
Current ratio1.451.03
Quick ratio1.451.03
Working capital ratio30.2%2.7%
Solvency12.3%8.1%
Debt / equity7.1311.37
Long-term debt ratio--
Interest coverage2.8215.36
Gross margin--
Net margin--
ROA7.0%25.7%
ROE57.2%317.6%
EBITDA margin--
Days sales outstanding--
Days payable outstanding--
Inventory turnover--
Days inventory (DSI)--
Balance-sheet composition 2023
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code20232022
Balance sheet, Assets
TOTAL ASSETS 20/58€91k€59k
Fixed assets 21/28€2k€3k
Tangible fixed assets 22/27€818€2k
Financial fixed assets 28€2k€2k
Current assets 29/58€88k€56k
Amounts receivable within one year 40/41€73k€49k
Cash & bank 54/58€13k€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€91k€59k
Equity 10/15€11k€5k
Contributions / capital 10/11€1k€1k
Accumulated profits (losses) 14€10k€4k
Amounts payable 17/49€80k€54k
Amounts payable within one year 42/48€61k€54k
Trade debts payable within one year 44€47k€17k
Income statement
Gross operating margin 9900€16k€29k
Operating result 9901€13k€24k
Financial income 75€2k€2k
Financial charges 65€5k€2k
Result before taxes 9903€11k€24k
Income taxes 67/77€4k€9k
Net result for the period 9904€6k€15k
Result to be appropriated 9905€6k€15k
Legal Structure
NACE primary Other specialised construction activities(43990)
Legal form Private limited company(610)
Incorporation26-06-2019
StatusActive
Postal code-
Establishment units 3 locations
NG CONSTRUCT
Segherslaan 103, 1081 KoekelbergManufacture of other builders' carpentry and joinery
since 20192.291.416.053
NG Construct
Paul Gilsonlaan 450, 1620 DrogenbosManufacture of other builders' carpentry and joinery
since 20192.305.929.233
NG Construct
Steenweg op Ruisbroek 290, 1620 DrogenbosManufacture of other builders' carpentry and joinery
since 20202.305.929.332
Real-estate footprint Source: CBE × cadastre
Flanders 2 (50%) Brussels 2 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22001B0044/00R004 Flanders 4,543 m² 1 · 5,480 m² 8.9 m · 2 fl.
21011A0045/00N003 Brussels 3,038 m² 1 · 1,001 m² 28.0 m · 9 fl.
22001B0044/00W003 Flanders 2,095 m² 1 · 1,197 m² 9.0 m · 2 fl.
21492B0071/00B009 Brussels 121 m² 1 · 74 m² 18.8 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events
2024
11-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
02-06
State Gazette act Registered-office change
2022
24-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
29-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
Address history · 1
02-06-2023
Registered-office move
All acts · 1 updated 3 years ago
2023
02-06-2023 Registered office moved from Koekelberg to Koekeiberg Registered-office change
  • Avenue Seghers 103 - 1081 Koekelberg → Avenue du Château 8, bte 6, 1081 Koekeiberg
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Avenue du Ch\u00E2teau 8, bte 6, 1081 Koekeiberg",
        "city": "Koekeiberg",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue du Ch\u00E2teau",
        "country": "BE",
        "postcode": "1081",
        "box_number": "6",
        "street_number": "8",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Avenue Seghers 103 - 1081 Koekelberg",
        "city": "Koekelberg",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue Seghers",
        "country": "BE",
        "postcode": "1081",
        "box_number": null,
        "street_number": "103",
        "locality_suffix": null
      },
      "effective_date": "2023-03-30",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2023-06-02",
    "filing_date": "2023-05-24",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2023-03-30",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0728.884.328",
    "name_full": "NG CONSTRUCT",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0473.332.185",
    "org_name": "La SRL Accountant and Tax Adviser",
    "person_name": null,
    "org_rep_person_name": "Aiain CLUDTS",
    "person_role_at_subject": null
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Other specialised construction activities43990Specialised construction activities43999
Names & trade names
Legal nameFR NG CONSTRUCT
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative