NH CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NH CONSTRUCT is 1.5% (moderate). The 2025 annual accounts show equity of €372k and a net result of €174k. Equity is growing by ~75.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency64▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.87 against 3.2 in 2024; short-term debt: 9.2% and cash: 25.5% of total assets), but 61.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.8%
Return on assets
18.1%
Age of the figures
9 mo
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 d early
2024
17 d early
2023
15 d early
2022
31 d late
2021
3 d early
2020
18 d early
2019
90 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€372k▲ 63.5%
2024 · €227k
2019: €9klowest in 7 years
2020: €30k▲ +241% vs 2019
2021: €54k▲ +82.2% vs 2020
2022: €69k▲ +26.7% vs 2021
2023: €128k▲ +86.7% vs 2022
2024: €227k▲ +77.1% vs 2023
2025: €372k▲ +63.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€960k▲ 120%
2024 · €437k
2019: €19klowest in 7 years
2020: €65k▲ +243% vs 2019
2021: €97k▲ +48.3% vs 2020
2022: €94k▼ -3.2% vs 2021
2023: €210k▲ +124% vs 2022
2024: €437k▲ +108% vs 2023
2025: €960k▲ +120% vs 2024highest in 7 years
2019 → 2025
Net result
€174k▲ 52.8%
2024 · €114k
2019: €8klowest in 7 years
2020: €22k▲ +172% vs 2019
2021: €25k▲ +12.1% vs 2020
2022: €15k▼ -37.7% vs 2021
2023: €86k▲ +460% vs 2022
2024: €114k▲ +33.0% vs 2023
2025: €174k▲ +52.8% vs 2024highest in 7 years
2019 → 2025
Working capital
€342k▲ 63.9%
2024 · €208k
2019: €11klowest in 7 years
2020: €14k▲ +32.4% vs 2019
2021: €49k▲ +242% vs 2020
2022: €54k▲ +10.3% vs 2021
2023: €109k▲ +103% vs 2022
2024: €208k▲ +90.5% vs 2023
2025: €342k▲ +63.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€69k▲ 26.7%€128k▲ 86.7%€227k▲ 77.1%€372k▲ 63.5%
2021: €54klowest in 5 years
2022: €69k▲ +26.7% vs 2021
2023: €128k▲ +86.7% vs 2022
2024: €227k▲ +77.1% vs 2023
2025: €372k▲ +63.5% vs 2024highest in 5 years
Operating result€33k-€23k▼ 29.9%€122k▲ 421%€161k▲ 32.4%€235k▲ 45.7%
2021: €33k
2022: €23k▼ -29.9% vs 2021lowest in 5 years
2023: €122k▲ +421% vs 2022
2024: €161k▲ +32.4% vs 2023
2025: €235k▲ +45.7% vs 2024highest in 5 years
Net result€25k-€15k▼ 37.7%€86k▲ 460%€114k▲ 33.0%€174k▲ 52.8%
2021: €25k
2022: €15k▼ -37.7% vs 2021lowest in 5 years
2023: €86k▲ +460% vs 2022
2024: €114k▲ +33.0% vs 2023
2025: €174k▲ +52.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €960k
Fixed assets
€530k ▲ 295%
Current assets
€430k ▲ 41.9%
Equity and liabilities €960k
Equity
€372k ▲ 63.5%
Debt
€588k ▲ 181%
Debt's share of the balance-sheet total rises from 47.9% to 61.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€260k▲
2024 · €178k
Cash flow
€198k▲
2024 · €130k
Current ratio
4.87▲
2024 · 3.20
Quick ratio
4.86▲
2024 · 3.20
Debt to equity
1.58▲
2024 · 0.92
ROE
46.7%▼
2024 · 50.0%
ROA
18.1%▼
2024 · 26.0%
Interest coverage
24.07▼
2024 · 25.95
Debt ≤ 1 year
€88k▼
2024 · €95k
Debt > 1 year
€494k▲
2024 · €115k
Income taxes
€52k▲
2024 · €42k
Staff costs
€27k▲
2024 · €895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€437k€960k▲
Fixed assets21/28€134k€530k▲
Tangible fixed assets22/27€134k€530k▲
Land and buildings22-€415k
Plant, machinery and equipment23€80k€74k▼
Furniture and vehicles24€50k€37k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€268€268=
Current assets29/58€303k€430k▲
Stocks and contracts in progress3€750€750=
Stocks30/36€750€750=
Amounts receivable within one year40/41€18k€150k▲
Trade receivables40€1k€43k▲
Other amounts receivable41€17k€107k▲
Cash at bank and in hand54/58€248k€245k▼
Deferred charges and accrued income490/1€37k€34k▼
Equity and liabilities
Total equity and liabilities10/49€437k€960k▲
Equity10/15€227k€372k▲
Contributions10/11€2k€2k=
Reserves13€226k€370k▲
Distributable reserves133€226k€370k▲
Amounts payable17/49€209k€588k▲
Amounts payable after more than one year17€115k€494k▲
Financial debts170/4€111k€489k▲
Other amounts payable178/9€4k€5k▲
Amounts payable within one year42/48€95k€88k▼
Current portion of amounts payable after more than one year42€20k€35k▲
Financial debts43€40k€29k▼
Credit institutions430/8€40k€29k▼
Trade debts44€17k€20k▲
Suppliers440/4€17k€20k▲
Taxes, remuneration and social security45€17k€4k▼
Taxes450/3€17k€2k▼
Remuneration and social security454/9-€2k
Accrued charges and deferred income492/3€131€5k▲
Income statement
Code20242025
Non-recurring operating income76A€480-
Remuneration, social security and pensions62€895€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€181k€288k▲
Operating profit (loss)9901€161k€235k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€156k€226k▲
Income taxes67/77€42k€52k▲
Profit (loss) for the period9904€114k€174k▲
Profit (loss) for the period to be appropriated9905€114k€174k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€174k▲
Transfer from equity791/2€15k€29k▲
Transfer to equity691/2€114k€174k▲
To other reserves6921€114k€174k▲
Profit to be distributed694/7€15k€29k▲
Return on contributions (dividend)694€15k€29k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9k | €480 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €895 | €27k | ▲ 2,943% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €11k | €17k | €24k | ▲ 46.5% |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | €1k | ▼ 42.3% |
| Non-recurring operating charges66A | - | €2k | €149 | - | - | - |
| Gross operating margin9900 | €41k | €34k | €135k | €181k | €288k | ▲ 59.0% |
| Operating profit (loss)9901 | €33k | €23k | €122k | €161k | €235k | ▲ 45.7% |
| Financial income75/76B | €416 | €256 | €320 | €2k | €1k | ▼ 8.6% |
| Recurring financial income75 | €416 | €256 | €320 | €2k | €1k | ▼ 8.6% |
| Financial charges65/66B | €905 | €665 | €2k | €7k | €11k | ▲ 57.2% |
| Recurring financial charges65 | €905 | €665 | €2k | €7k | €11k | ▲ 57.2% |
| Profit (loss) for the period before taxes9903 | €33k | €23k | €120k | €156k | €226k | ▲ 44.7% |
| Income taxes67/77 | €8k | €8k | €34k | €42k | €52k | ▲ 22.9% |
| Profit (loss) for the period9904 | €25k | €15k | €86k | €114k | €174k | ▲ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €25k | €15k | €86k | €114k | €174k | ▲ 52.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97k | €94k | €210k | €437k | €960k | ▲ 120% |
| Fixed assets21/28 | €23k | €18k | €41k | €134k | €530k | ▲ 295% |
| Tangible fixed assets22/27 | €23k | €18k | €41k | €134k | €530k | ▲ 296% |
| Land and buildings22 | - | - | - | - | €415k | - |
| Plant, machinery and equipment23 | €3k | €3k | €3k | €80k | €74k | ▼ 7.7% |
| Furniture and vehicles24 | €20k | €15k | €37k | €50k | €37k | ▼ 25.2% |
| Other tangible fixed assets26 | - | - | €1k | €3k | €3k | ▼ 2.5% |
| Financial fixed assets28 | €193 | €268 | €268 | €268 | €268 | = |
| Current assets29/58 | €74k | €76k | €169k | €303k | €430k | ▲ 41.9% |
| Amounts receivable after more than one year29 | - | - | €10k | - | - | - |
| Other amounts receivable291 | - | - | €10k | - | - | - |
| Stocks and contracts in progress3 | €750 | €750 | €750 | €750 | €750 | = |
| Stocks30/36 | €750 | €750 | €750 | €750 | €750 | = |
| Amounts receivable within one year40/41 | €11k | €12k | €2k | €18k | €150k | ▲ 731% |
| Trade receivables40 | €2k | €6k | €423 | €1k | €43k | ▲ 4,196% |
| Other amounts receivable41 | €10k | €6k | €1k | €17k | €107k | ▲ 526% |
| Cash at bank and in hand54/58 | €37k | €43k | €140k | €248k | €245k | ▼ 1.1% |
| Deferred charges and accrued income490/1 | €25k | €20k | €16k | €37k | €34k | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97k | €94k | €210k | €437k | €960k | ▲ 120% |
| Equity10/15 | €54k | €69k | €128k | €227k | €372k | ▲ 63.5% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €53k | €67k | €127k | €226k | €370k | ▲ 63.9% |
| Distributable reserves133 | €53k | €67k | €127k | €226k | €370k | ▲ 63.9% |
| Amounts payable17/49 | €43k | €25k | €82k | €209k | €588k | ▲ 181% |
| Amounts payable after more than one year17 | €17k | €3k | €22k | €115k | €494k | ▲ 331% |
| Financial debts170/4 | €7k | €3k | €22k | €111k | €489k | ▲ 341% |
| Other amounts payable178/9 | €10k | €275 | - | €4k | €5k | ▲ 30.3% |
| Amounts payable within one year42/48 | €25k | €22k | €59k | €95k | €88k | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €8k | €20k | €35k | ▲ 73.5% |
| Financial debts43 | €10k | €7k | €14k | €40k | €29k | ▼ 26.9% |
| Credit institutions430/8 | €10k | €7k | €14k | €40k | €29k | ▼ 26.9% |
| Trade debts44 | €11k | €9k | €19k | €17k | €20k | ▲ 19.2% |
| Suppliers440/4 | €11k | €9k | €19k | €17k | €20k | ▲ 19.2% |
| Taxes, remuneration and social security45 | €240 | €836 | €18k | €17k | €4k | ▼ 78.8% |
| Taxes450/3 | €240 | €836 | €18k | €17k | €2k | ▼ 88.9% |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €680 | - | - | - | - |
| Accrued charges and deferred income492/3 | €216 | €467 | €125 | €131 | €5k | ▲ 3,992% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €15k | €86k | €114k | €174k | ▲ 52.8% |
| + Depreciation and write-downs630 | €7k | €7k | €11k | €17k | €24k | ▲ 46.5% |
| Operating cash flow (approximation) | €31k | €22k | €97k | €130k | €198k | ▲ 52.0% |
| Investment in fixed assets (approximation) | - | €-2k | €-34k | €-109k | €-420k | ▼ 285% |
| Change in cash | - | €6k | €97k | €108k | €-3k | ▼ 103% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €174k ▲52.8%
Operating result €235k, net result €174k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €227k ▲77.1%
6 profitable years in a row build equity to €227k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €128k ▲86.7%
5 profitable years in a row build equity to €128k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 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, Oostkamp · 1 establishment unit since 2019
Ground area
876 m²
Building footprint
139 m²
Volume, LiDAR
519 m³
Parcel 31403H0875/00X000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NH CONSTRUCT
since 20192.292.074.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0875/00X000 | Flanders | 876 m² | 1 · 139 m² | 9.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,379 EUR awarded · 3,379 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,379 EUR | 3,379 EUR |
Schemes
Individueel Maatwerk
Recognitions · licences · registrations
Legal Entity Identifier
98450084GD2B559AD055
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,297 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
Contact
E-mail
nhconstruct@outlook.be
Scores and ratios are computed by Checked and are not a credit decision.