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NG CONSTRUCT

Active
Private limited companyfounded 2019active for 7 yearsKBO/BCE: BE 0728.884.328
Summary

The computed 12-month bankruptcy probability of NG CONSTRUCT is 21.8% (high). For NG CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €11,171 and a net result of €6,395. Equity is shrinking by about 3.4% per year across the filed financial years. The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Activity not known3 sites
Size
€90,863total assets 2023
Equity
€11,171
Profit
€6,395
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
21.8%
2023 figures too old to score
Structure
2024 accounts not filed, 453 days past the deadline1 of 3 deeds summarised
Signalsraises riskFigures for financial year 2023 (filed 14-10-2024)2 financial years not filed after the legal deadline; last filed accounts filed 72 days late; 2 of the last 3 lateEx-officio strike-off in the KBOSize: total assets €90,863Two or more financial years not filed2023 accounts filed 72 days lateAdministrative warnings in the KBO publicationsShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 37+4
equity 12.3% of total assets
Liquidity 32+32
short-term debt 67.1% · cash 14.5%
Profitability 51-49
return on assets 7.0%
Bankruptcy probability, 12 months
21.8% High
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.7% (47,640 companies, NACE 43, micro)
Last 24 months 11-2024: 4.7% 12-2024: 4.7%● unchanged vs 11-2024 01-2025: 4.7%● unchanged vs 12-2024 02-2025: 4.7%● unchanged vs 01-2025 03-2025: 4.7%● unchanged vs 02-2025 04-2025: 4.8%▲ +0.1 percentage points vs 03-2025 05-2025: 5.3%▲ +0.5 percentage points vs 04-2025 06-2025: 5.2%▼ -0.1 percentage points vs 05-2025 07-2025: 3.4%▼ -1.8 percentage points vs 06-2025lowest value 08-2025: 4.2%▲ +0.8 percentage points vs 07-2025 09-2025: 4.2%● unchanged vs 08-2025 10-2025: 5.9%▲ +1.7 percentage points vs 09-2025 11-2025: 6.1%▲ +0.2 percentage points vs 10-2025 12-2025: 7.3%▲ +1.2 percentage points vs 11-2025 01-2026: 10.2%▲ +2.9 percentage points vs 12-2025 02-2026: 10.1%▼ -0.1 percentage points vs 01-2026 03-2026: 10.6%▲ +0.5 percentage points vs 02-2026 04-2026: 9.9%▼ -0.7 percentage points vs 03-2026 05-2026: 9.9%● unchanged vs 04-2026 06-2026: 9.7%▼ -0.2 percentage points vs 05-2026 07-2026: 16.9%▲ +7.2 percentage points vs 06-2026 08-2026: 20.8%▲ +3.9 percentage points vs 07-2026 09-2026: 20.8%● unchanged vs 08-2026 10-2026: 21.8%▲ +1.0 percentage point vs 09-2026highest value
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Signals

Seven signals.
raises risk
raises risk · Figures for financial year 2023 (filed 14-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 72 days late; 2 of the last 3 late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Size: total assets €90,863
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline27-10-2026 today
raises risk · 2023 accounts filed 72 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-10-2024, 72 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
72 days late
2022
29 days late
2021
85 days late
2020
60 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 55 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Address struckevent 03-09-2025
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 27 October 2026.

Equity
€11,171▲ 134%
2022 · €4,776
Total assets
€90,863▲ 53.8%
2022 · €59,065
Net result
€6,395▼ 57.8%
2022 · €15,170
Working capital
€27,453▲ 17×
2022 · €1,572
Trend over the years

2019 to 2023, 5 financial years

The operating result falls in 2023; 2023 is 45% below 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€13,283 2023 Net result€6,395 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023
Operating result€5,767-€14,632▲ 154%€258▼ 98.2%€24,037▲ 93×€13,283▼ 44.7%
Net result€3,937-€10,814▲ 175%-€1,815€15,170€6,395▼ 57.8%
Equity€4,137-€14,951▲ 261%€13,136▼ 12.1%€4,776▼ 63.6%€11,171▲ 134%
Total assets€27,510-€31,336▲ 13.9%€43,647▲ 39.3%€59,065▲ 35.3%€90,863▲ 53.8%
Debt€23,373-€16,385▼ 29.9%€30,511▲ 86.2%€54,289▲ 77.9%€79,691▲ 46.8%
Working capital€3,837-€11,582▲ 202%€9,676▼ 16.5%€1,572▼ 83.8%€27,453▲ 17×
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €90,863
Fixed assets €2,443 ▼ 23.8%
Current assets €88,420 ▲ 58.3%
Equity and liabilities €90,863
Equity €11,171 ▲ 134%
Debt €79,691 ▲ 46.8%
Debt's share of the balance-sheet total falls from 91.9% to 87.7%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€14,044▼
2022 · €25,317
Cash flow
€7,156▼
2022 · €16,450
Current ratio
1.45▲
2022 · 1.03
Debt to equity
7.13▼
2022 · 11.37
ROE
57.2%▼
2022 · 317.6%
ROA
7.0%▼
2022 · 25.7%
Interest coverage
2.82▼
2022 · 15.36
Debt ≤ 1 year
€60,967▲
2022 · €54,289
Income taxes
€4,149▼
2022 · €9,301
Staff costs
€29▼
2022 · €390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet Code20222023
Assets
Total assets20/58€59,065€90,863▲
Fixed assets21/28€3,204€2,443▼
Tangible fixed assets22/27€1,579€818▼
Plant, machinery and equipment23€578€228▼
Furniture and vehicles24€1,002€591▼
Financial fixed assets28€1,625€1,625=
Current assets29/58€55,861€88,420▲
Amounts receivable within one year40/41€48,552€72,881▲
Trade receivables40€3,114€30,358▲
Other amounts receivable41€45,438€42,523▼
Cash at bank and in hand54/58€0€13,139▲
Deferred charges and accrued income490/1€7,309€2,400▼
Equity and liabilities
Total equity and liabilities10/49€59,065€90,863▲
Equity10/15€4,776€11,171▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€3,776€10,171▲
Amounts payable17/49€54,289€79,691▲
Amounts payable within one year42/48€54,289€60,967▲
Trade debts44€16,640€47,210▲
Suppliers440/4€16,640€47,210▲
Taxes, remuneration and social security45€17,649€13,756▼
Taxes450/3€17,649€13,756▼
Other amounts payable47/48€20,000-
Accrued charges and deferred income492/3-€18,724
Income statement Code20222023
Non-recurring operating income76A€12,500-
Remuneration, social security and pensions62€390€29▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,280€761▼
Other operating charges640/8€3,306€1,538▼
Gross operating margin9900€29,013€15,611▼
Operating profit (loss)9901€24,037€13,283▼
Financial income75/76B€2,082€2,244▲
Recurring financial income75€2,082€2,244▲
Financial charges65/66B€1,648€4,984▲
Recurring financial charges65€1,648€4,984▲
Profit (loss) for the period before taxes9903€24,471€10,544▼
Income taxes67/77€9,301€4,149▼
Profit (loss) for the period9904€15,170€6,395▼
Profit (loss) for the period to be appropriated9905€15,170€6,395▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,306€10,171▼
Profit (loss) brought forward from the previous period14P€12,136€3,776▼
Profit to be distributed694/7€23,529-
Return on contributions (dividend)694€23,529-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Non-recurring operating income76A---€12,500--
Remuneration, social security and pensions62--€7,223€390€29▼ 92.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€767€960€1,280€761▼ 40.5%
Other operating charges640/8--€1,229€3,306€1,538▼ 53.5%
Gross operating margin9900€5,965€16,148€9,670€29,013€15,611▼ 46.2%
Operating profit (loss)9901€5,767€14,632€258€24,037€13,283▼ 44.7%
Financial income75/76B--€840€2,082€2,244▲ 7.8%
Recurring financial income75€0€459€840€2,082€2,244▲ 7.8%
Financial charges65/66B--€604€1,648€4,984▲ 202%
Recurring financial charges65€30€2€604€1,648€4,984▲ 202%
Profit (loss) for the period before taxes9903€5,737€15,089€494€24,471€10,544▼ 56.9%
Income taxes67/77€1,800€4,275€2,309€9,301€4,149▼ 55.4%
Profit (loss) for the period9904€3,937€10,814-€1,815€15,170€6,395▼ 57.8%
Profit (loss) for the period to be appropriated9905€3,937€10,814-€1,815€15,170€6,395▼ 57.8%
Line20192020202120222023Change
Assets
Total assets20/58€27,510€31,336€43,647€59,065€90,863▲ 53.8%
Fixed assets21/28€300€3,369€3,459€3,204€2,443▼ 23.8%
Tangible fixed assets22/27-€1,744€1,834€1,579€818▼ 48.2%
Plant, machinery and equipment23--€928€578€228▼ 60.6%
Furniture and vehicles24--€907€1,002€591▼ 41.1%
Financial fixed assets28€300€1,625€1,625€1,625€1,625=
Current assets29/58€27,210€27,967€40,187€55,861€88,420▲ 58.3%
Amounts receivable within one year40/41€12,484€18,177€24,803€48,552€72,881▲ 50.1%
Trade receivables40--€7,902€3,114€30,358▲ 875%
Other amounts receivable41--€16,901€45,438€42,523▼ 6.4%
Cash at bank and in hand54/58€2,280€3,111€2,518€0€13,139▲ 32,046×
Deferred charges and accrued income490/1--€12,867€7,309€2,400▼ 67.2%
Equity and liabilities
Total equity and liabilities10/49€27,510€31,336€43,647€59,065€90,863▲ 53.8%
Equity10/15€4,137€14,951€13,136€4,776€11,171▲ 134%
Contributions10/11€1,000-€1,000€1,000€1,000=
Profit (loss) carried forward14€3,137€13,951€12,136€3,776€10,171▲ 169%
Amounts payable17/49€23,373€16,385€30,511€54,289€79,691▲ 46.8%
Amounts payable within one year42/48€23,373€16,385€30,511€54,289€60,967▲ 12.3%
Trade debts44€20,437€3,593€19,500€16,640€47,210▲ 184%
Suppliers440/4--€19,500€16,640€47,210▲ 184%
Taxes, remuneration and social security45--€11,012€17,649€13,756▼ 22.1%
Taxes450/3--€8,258€17,649€13,756▼ 22.1%
Remuneration and social security454/9--€2,753---
Other amounts payable47/48---€20,000--
Accrued charges and deferred income492/3----€18,724-
Line20192020202120222023Change
Profit (loss) for the period9904€3,937€10,814-€1,815€15,170€6,395▼ 57.8%
+ Depreciation and write-downs630-€767€960€1,280€761▼ 40.5%
Operating cash flow (approximation)€3,937€11,581-€855€16,450€7,156▼ 56.5%
Investment in fixed assets (approximation)--€3,837-€1,050-€1,025€0-
Change in cash-€831-€594-€2,517€13,138-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2023 micro format 11-10-2024 2024-00506596
31-12-2022 micro format 29-08-2023 2023-00396256
31-12-2021 micro format 24-10-2022 2022-20472334
31-12-2020 micro format 29-09-2021 2021-69900104
31-12-2019 micro format 31-08-2020 2020-50700567

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 26 June 2019, NG CONSTRUCT was incorporated as a private limited company.1 In 2023 the registered office moved to Koekeiberg.2 Total assets went from €27,510 in 2019 to €90,863 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-06-2023
  3. 3National Bank, annual accounts 2019 and 2023

Acts, filings and financial milestones

2026
15-06
KBO administration Address struck
event 03-09-2025
2024
11-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 72 days late
2023
29-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 29 days late
02-06
Gazette deed Registered office
Registered-office move2 facts ▸
  • Board meeting, 30-03-2023
  • Registered-office move, Avenue du Château 8,bte 6,1081 Koekeiberg
2022
31-12
Financial Back to profitnet €15,170
Net result €15,170 after one loss-making year.
24-10
NBB filing Annual accounts filed
financial year 2021 · micro format · 85 days late
2021
31-12
Financial Weakest financial yearnet -€1,815
Net result drops to -€1,815, the lowest in the series; recovery starts the following year.
29-09
NBB filing Annual accounts filed
financial year 2020 · micro format · 60 days late
2020
31-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 31 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
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.

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Register details

Identification
Legal formPrivate limited company
Founded26-06-2019
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Koekelberg · 3 establishment units since 2019
registered office establishment All 3 establishment units on the map
Ground area
9,796 m²
Building footprint
7,754 m²
Building volume
63,267 m³
4 parcels, Brussels, Flanders · tallest building 28.0 m. Linked by address, not a title deed.
10 companies at this address See who is registered here
3 establishment units
NG CONSTRUCT
Segherslaan 103, 1081 KoekelbergManufacture of other builders' carpentry and joinery
since 2019unit no. 2.291.416.053
NG Construct
Paul Gilsonlaan 450, 1620 DrogenbosManufacture of other builders' carpentry and joinery
since 2019unit no. 2.305.929.233
NG Construct
Steenweg op Ruisbroek 290, 1620 DrogenbosManufacture of other builders' carpentry and joinery
since 2020unit no. 2.305.929.332
4 parcels
Flanders 2 (50%) Brussels 2 (50%)
Cadastral parcel Region Area Buildings Height / floors
22001B0044/00R004 Flanders 4,543 m² 1 · 5,480 m² 8.9 m · 2
21011A0045/00N003 Brussels 3,038 m² 1 · 1,001 m² 28.0 m · 9
22001B0044/00W003 Flanders 2,095 m² 1 · 1,197 m² 9.0 m · 2
21492B0071/00B009 Brussels 121 m² 1 · 74 m² 18.8 m · 4
How the parcels are linked
Good to know
All 4 parcels match the address exactly.