Equity
€371,923 ▲ 63.5%
Equity rose in 2025 from €227,473 to €371,923.
NH CONSTRUCT
Lifetime
7 annual accounts with figures on one time axispeak €288,294 (2025)
€288,294▲ 59.0%
peak €173,862 (2025)
€173,862▲ 52.8%
peak €371,923 (2025)
€371,923▲ 63.5%
€587,784▲ 181%
Board1 name since 2019
1 directorHOUF Niels Michiel
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €181,302 to €288,294Result from €113,763 to €173,862Dividend €29,412Equity from €227,473 to €371,923Debts from €209,460 to €587,784Investments €420,253
Key points
from the 2025 annual accountsTurnover
≈ €650,000 estimated
The micro format states no turnover.
Debts
€587,784 ▲ 181%
Debts rose by €378,325 in 2025.
Investments
€420,253 17.2 × depreciation
Green is investment, beige is depreciation.
Filings
7 annual accounts 2 late
The 2019 accounts came latest: 90 days after the end of the period.
Position in the sector
€173,862
Higher net result than 95% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Checked score
89
Excellent
Financially stronger than 72% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
lowers risk
Liquidity: current ratio 4.87, cash €244,813
Figures for financial year 2025 (filed on 15-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 46% of them on solvency, 85% on liquidity, 76% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as NH CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NH CONSTRUCT itself is lower: 0.3% within 12 months. It rests on far more data about NH CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for NH CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.87 (3.2 in 2024), above the usual 1.5. Short-term debt is 9.2% and cash 25.5% of total assets. However, 61.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 days early
2024
17 days early
2023
15 days early
2022
31 days late
2021
3 days early
2020
18 days early
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0727389538
First establishment
Molenakkerstraat 23, Oostkamp
Incorporation
Founder: HOUF Niels Michiel · Founding capital of €1,500, 1,500 shares · Appointment: HOUF Niels Michiel (director) · published on 24-05-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NH CONSTRUCT Oostkamp | €1.0m | €288,294 | 38.8% | - |
| Vanopdenbosch Bouw & Renovatie Middelkerke | €0.8m | €318,545 | 19.7% | - |
| Plan d'Artagnan Waregem | €0.9m | €349,480 | 21.3% | 6.2 |
| BOSCO Couvin | €0.9m | €279,161 | 25.7% | 2.8 |
| Bouwbedrijf Deckers Dilsen-Stokkem | €1.0m | €309,555 | 67.5% | - |
| MD Métal Herve | €1.0m | €244,679 | 22.5% | - |
| BERT VERMEIREN Malle | €1.0m | €359,818 | 62.2% | 1 |
These companies have the same main activity as NH CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €806,000 and €1m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 22-05-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.292.074.2678020 Oostkamp, since 23-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Annual accounts 2025
- €959,707▲ 120%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on NH CONSTRUCT
NH CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €11,489 in 2019 to €288,294 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NH CONSTRUCT
- What is the company number of NH CONSTRUCT?
- The company number of NH CONSTRUCT is 0727.389.538. The VAT number is the same number with BE in front: BE 0727.389.538.
- Where is NH CONSTRUCT based?
- The registered office is at Molenakkerstraat 23, 8020 Oostkamp.Company details
- What does NH CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of NH CONSTRUCT?
- NH CONSTRUCT is a private limited company (BV).
- When was NH CONSTRUCT founded?
- NH CONSTRUCT was founded on 22-05-2019.
- Is NH CONSTRUCT still active?
- Yes, NH CONSTRUCT is an active enterprise in the KBO register.
- How many employees does NH CONSTRUCT have?
- NH CONSTRUCT had an average of 0.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of NH CONSTRUCT?
- The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €288,294 and 56 comparable companies (NACE 41001). It probably lies between €520,000 and €1.0m.
- Is NH CONSTRUCT profitable?
- In financial year 2025, NH CONSTRUCT made a profit of €173,862.
- Where can I find the annual accounts of NH CONSTRUCT?
- NH CONSTRUCT filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NH CONSTRUCT due?
- NH CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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