NGV Constructions
ActiveSummary
NGV Constructions has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€192,895) and a net result of -€88,064. Equity is shrinking by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-15
Solvency19▲+10
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 1.46 in 2024; short-term debt: 8.6% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.8%
Return on assets
-2.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€192,895
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
30 d late
2022
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€192,895▼ 84.0%
2024 · -€104,830
Total assets
€3.3m▲ 413%
2024 · €651,069
Net result
-€88,064▼ 962%
2024 · -€8,293
Working capital
-€141,472
2024 · €54,630
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€68,772-€5,889€9,523▲ 61.7%-€17,031
Net result-€74,248below the sector's middle half--€11,213below the sector's middle half▲ 84.9%-€8,293within the sector's middle half▲ 26.0%-€88,064below the sector's middle half▼ 962%
Equity-€85,324below the sector's middle half--€96,537below the sector's middle half▼ 13.1%-€104,830below the sector's middle half▼ 8.6%-€192,895below the sector's middle half▼ 84.0%
Total assets€451,810within the sector's middle half-€449,746within the sector's middle half▼ 0.5%€651,069within the sector's middle half▲ 44.8%€3.3mabove the sector's middle half▲ 413%
Debt€537,134-€546,283▲ 1.7%€755,899▲ 38.4%€3.5m▲ 367%
Working capital€25,467within the sector's middle half-€12,461within the sector's middle half▼ 51.1%€54,630within the sector's middle half▲ 338%-€141,472below the sector's middle half
Solvency-18.9%below the sector's middle half--21.5%below the sector's middle half▼ 2.6pp-16.1%below the sector's middle half▲ 5.4pp-5.8%below the sector's middle half▲ 10.3pp
Current ratio2.71within the sector's middle half-1.32within the sector's middle half▼ 1.391.46within the sector's middle half▲ 0.140.51within the sector's middle half▼ 0.95
Return on assets (ROA)-16.4%below the sector's middle half--2.5%within the sector's middle half▲ 13.9pp-1.3%within the sector's middle half▲ 1.2pp-2.6%below the sector's middle half▼ 1.4pp
Staff (FTE)0.21▲ 400%1.3▲ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,031 after €9,523 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€3.2m ▲ 570%
Current assets
€145,027 ▼ 16.8%
Key figures and ratios
EBITDA
€81,709▲
2024 · €45,835
Cash flow
€10,675▼
2024 · €28,019
Quick ratio
0.47▼
2024 · 1.35
Debt to equity
-18.31▼
2024 · -7.21
Interest coverage
1.16▼
2024 · 2.79
Debt ≤ 1 year
€286,499▲
2024 · €119,636
Debt > 1 year
€3.2m▲
2024 · €636,264
Staff costs
€11,539▲
2024 · €6,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,570 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,632 | - |
| Remuneration, social security and pensions62 | - | €688 | €6,302 | €11,539 | ▲ 83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,358 | €33,221 | €36,312 | €98,739 | ▲ 172% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €500 | - |
| Other operating charges640/8 | €7,115 | €5,707 | €811 | €26,077 | ▲ 3,115% |
| Non-recurring operating charges66A | €27,861 | - | - | - | - |
| Gross operating margin9900 | -€6,438 | €45,505 | €52,948 | €119,825 | ▲ 126% |
| Operating profit (loss)9901 | -€68,772 | €5,889 | €9,523 | -€17,031 | ▼ 279% |
| Financial income75/76B | €0 | €28 | €0 | €68 | ▲ 97,700% |
| Recurring financial income75 | €0 | €28 | €0 | €68 | ▲ 97,700% |
| Financial charges65/66B | €5,476 | €17,130 | €17,816 | €71,102 | ▲ 299% |
| Recurring financial charges65 | €5,476 | €16,954 | €16,447 | €70,719 | ▲ 330% |
| Non-recurring financial charges66B | - | €175 | €1,369 | €383 | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | -€74,248 | -€11,213 | -€8,293 | -€88,064 | ▼ 962% |
| Profit (loss) for the period9904 | -€74,248 | -€11,213 | -€8,293 | -€88,064 | ▼ 962% |
| Profit (loss) for the period to be appropriated9905 | -€74,248 | -€11,213 | -€8,293 | -€88,064 | ▼ 962% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €451,810 | €449,746 | €651,069 | €3.3m | ▲ 413% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €411,465 | €398,004 | €476,803 | €3.2m | ▲ 570% |
| Tangible fixed assets22/27 | €403,265 | €389,804 | €468,240 | €3.2m | ▲ 580% |
| Land and buildings22 | €352,157 | €331,030 | €407,153 | €3.1m | ▲ 655% |
| Plant, machinery and equipment23 | €36,361 | €36,196 | €46,937 | €105,684 | ▲ 125% |
| Furniture and vehicles24 | €14,747 | €22,577 | €14,149 | €5,721 | ▼ 59.6% |
| Financial fixed assets28 | €8,200 | €8,200 | €8,563 | €8,563 | = |
| Current assets29/58 | €40,345 | €51,742 | €174,266 | €145,027 | ▼ 16.8% |
| Stocks and contracts in progress3 | €0 | €24,500 | €12,850 | €10,250 | ▼ 20.2% |
| Stocks30/36 | €0 | €9,500 | €12,850 | €10,250 | ▼ 20.2% |
| Contracts in progress37 | - | €15,000 | - | - | - |
| Amounts receivable within one year40/41 | €26,522 | €15,163 | €73,011 | €126,165 | ▲ 72.8% |
| Trade receivables40 | €16,750 | €12,163 | €67,905 | €121,874 | ▲ 79.5% |
| Other amounts receivable41 | €9,772 | €3,000 | €5,106 | €4,291 | ▼ 16.0% |
| Cash at bank and in hand54/58 | €13,823 | €11,327 | €83,894 | €3,668 | ▼ 95.6% |
| Deferred charges and accrued income490/1 | - | €752 | €4,511 | €4,944 | ▲ 9.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €451,810 | €449,746 | €651,069 | €3.3m | ▲ 413% |
| Equity10/15 | -€85,324 | -€96,537 | -€104,830 | -€192,895 | ▼ 84.0% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | -€88,824 | -€100,037 | -€108,330 | -€196,395 | ▼ 81.3% |
| Amounts payable17/49 | €537,134 | €546,283 | €755,899 | €3.5m | ▲ 367% |
| Amounts payable after more than one year17 | €522,256 | €507,003 | €636,264 | €3.2m | ▲ 410% |
| Financial debts170/4 | €412,822 | €397,568 | €526,829 | €3.1m | ▲ 492% |
| Other amounts payable178/9 | €109,434 | €109,434 | €109,434 | €125,874 | ▲ 15.0% |
| Amounts payable within one year42/48 | €14,878 | €39,281 | €119,636 | €286,499 | ▲ 139% |
| Current portion of amounts payable after more than one year42 | €14,777 | €15,300 | €20,739 | €35,117 | ▲ 69.3% |
| Trade debts44 | €101 | €17,521 | €46,521 | €97,329 | ▲ 109% |
| Suppliers440/4 | €101 | €17,521 | €46,521 | €97,329 | ▲ 109% |
| Taxes, remuneration and social security45 | - | €688 | €1,438 | €3,506 | ▲ 144% |
| Taxes450/3 | - | - | - | €377 | - |
| Remuneration and social security454/9 | - | €688 | €1,438 | €3,129 | ▲ 118% |
| Other amounts payable47/48 | €0 | €5,772 | €50,938 | €150,546 | ▲ 196% |
| Accrued charges and deferred income492/3 | - | - | - | €3,250 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,248 | -€11,213 | -€8,293 | -€88,064 | ▼ 962% |
| + Depreciation and write-downs630 | €27,358 | €33,221 | €36,312 | €98,739 | ▲ 172% |
| Operating cash flow (approximation) | -€46,889 | €22,008 | €28,019 | €10,675 | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | -€19,760 | -€115,111 | -€2.8m | ▼ 2,347% |
| Change in cash | - | -€2,496 | €72,568 | -€80,226 | ▼ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€88,064
Net result drops to -€88,064, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ecaussinnes · 1 establishment unit since 2021
Ground area
925 m²
Building footprint
140 m²
Parcel 55008D0076/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
NGV Constructions
since 20212.320.086.877
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55008D0076/00F000 | Wallonia | 925 m² | 1 · 140 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
43320Joinery installation
Contact
E-mail
constructionsngv@gmail.com
Phone
+32474900702
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771640047
Registered
08-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.