NIC CONSTRUCT
ActiveSummary
NIC CONSTRUCT has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,725 and a net result of -€23,928. Equity has been growing by about 21% per year since 2019. Its solvency ranks better than 79% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-02-2008 Normal situation
- Activity
- Development of residential building projects NACE 68121and 1 other
- Establishment unit
- 2.170.176.050 9700 Oudenaarde, since 18-02-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 30-08-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€23,279
- ▼ 40.8%
- Loss
- €23,928
- ▲ 56.9%
- Equity
- €44,725
- ▼ 34.9%
- Total assets
- €64,362
- ▼ 6.6%
Score breakdownraises riskLoss of €23,928, the second in a row (financial year 2025)Liquidity: current ratio 3.28lowers riskSize: total assets €64,362Founded in 2008Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 77% of them on solvency, 83% on liquidity, 4% on profitability and 15% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-03-2026 PDF all 17 filings
Every figure per financial year
The operating result for 2025 is a loss of €24,852, larger than the loss of €17,719 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,146 | €1,312 | - | - | - |
| Depreciation and write-downs of the year | €4,059 | €3,597 | €1,486 | €437 | €188 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,091 | €3,723 | €4,059 | €3,597 | €1,486 | €437 | €188 | ▼ 57.0% |
| Other operating charges640/8 | - | - | €2,092 | €591 | €940 | €752 | €1,386 | ▲ 84.3% |
| Gross operating margin9900 | €82,017 | €94,389 | -€4,311 | €72,667 | €36,865 | -€16,530 | -€23,279 | ▼ 40.8% |
| Operating profit (loss)9901 | €74,927 | €88,831 | -€10,463 | €68,480 | €34,438 | -€17,719 | -€24,852 | ▼ 40.3% |
| Financial income75/76B | - | - | €1,412 | €3,427 | €3,134 | €3,596 | €2,270 | ▼ 36.9% |
| Recurring financial income75 | €251 | - | €1,412 | €3,427 | €3,134 | €3,596 | €2,270 | ▼ 36.9% |
| Financial charges65/66B | - | - | €1,603 | €1,567 | €1,090 | €1,125 | €1,346 | ▲ 19.7% |
| Recurring financial charges65 | €575 | €14,264 | €1,603 | €1,567 | €1,090 | €1,125 | €1,346 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €74,604 | -€5,433 | -€10,653 | €70,340 | €36,482 | -€15,248 | -€23,928 | ▼ 56.9% |
| Income taxes67/77 | €6,543 | - | - | €17,612 | €11,291 | - | - | - |
| Profit (loss) for the period9904 | €68,061 | -€5,433 | -€10,653 | €52,728 | €25,191 | -€15,248 | -€23,928 | ▼ 56.9% |
| Profit (loss) for the period to be appropriated9905 | €68,061 | -€5,433 | -€10,653 | €52,728 | €25,191 | -€15,248 | -€23,928 | ▼ 56.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €123,745 | €144,721 | €99,198 | €125,372 | €95,507 | €68,939 | €64,362 | ▼ 6.6% |
| Fixed assets21/28 | €9,032 | €5,310 | €4,396 | €2,111 | €625 | €188 | - | - |
| Tangible fixed assets22/27 | €9,032 | €5,310 | €4,396 | €2,111 | €625 | €188 | - | - |
| Plant, machinery and equipment23 | - | - | €2,299 | €1,063 | €625 | €188 | - | - |
| Furniture and vehicles24 | - | - | €2,097 | €1,049 | - | - | - | - |
| Current assets29/58 | €114,712 | €139,411 | €94,801 | €123,261 | €94,882 | €68,751 | €64,362 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €39,928 | €12,219 | €33,393 | €120,761 | €94,442 | €59,516 | €64,362 | ▲ 8.1% |
| Trade receivables40 | - | - | €5,736 | €70,973 | €22,675 | €10,330 | €27,492 | ▲ 166% |
| Other amounts receivable41 | - | - | €27,657 | €49,788 | €71,767 | €49,185 | €36,870 | ▼ 25.0% |
| Cash at bank and in hand54/58 | €74,784 | €127,192 | €61,408 | €2,500 | €440 | €9,235 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €123,745 | €144,721 | €99,198 | €125,372 | €95,507 | €68,939 | €64,362 | ▼ 6.6% |
| Equity10/15 | €22,067 | €16,635 | €5,982 | €58,710 | €83,901 | €68,653 | €44,725 | ▼ 34.9% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,067 | €2,067 | €2,067 | €38,710 | €63,901 | €48,653 | €24,725 | ▼ 49.2% |
| Non-distributable reserves130/1 | - | - | €1,050 | €1,050 | €1,050 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,050 | €1,050 | €1,050 | - | - | - |
| Distributable reserves133 | - | - | €1,017 | €37,660 | €62,851 | €48,653 | €24,725 | ▼ 49.2% |
| Profit (loss) carried forward14 | - | -€5,433 | -€16,085 | - | - | - | - | - |
| Amounts payable17/49 | €101,677 | €128,086 | €93,216 | €66,662 | €11,606 | €286 | €19,637 | ▲ 69× |
| Amounts payable after more than one year17 | €55,000 | €30,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €46,677 | €81,589 | €93,216 | €66,662 | €11,606 | €286 | €19,637 | ▲ 69× |
| Financial debts43 | - | - | - | - | - | - | €18,686 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €18,686 | - |
| Trade debts44 | €19,724 | €1,187 | €22,524 | €6,127 | €315 | €286 | €951 | ▲ 232% |
| Suppliers440/4 | - | - | €22,524 | €6,127 | €315 | €286 | €951 | ▲ 232% |
| Advances received on contracts in progress46 | - | - | - | €42,923 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €692 | €17,612 | €11,291 | - | - | - |
| Taxes450/3 | - | - | €692 | €17,612 | €11,291 | - | - | - |
| Other amounts payable47/48 | - | - | €70,000 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,061 | -€5,433 | -€10,653 | €52,728 | €25,191 | -€15,248 | -€23,928 | ▼ 56.9% |
| + Depreciation and write-downs630 | €6,091 | €3,723 | €4,059 | €3,597 | €1,486 | €437 | €188 | ▼ 57.0% |
| Operating cash flow (approximation) | €74,152 | -€1,710 | -€6,593 | €56,325 | €26,677 | -€14,810 | -€23,740 | ▼ 60.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,146 | -€1,312 | €0 | €0 | - | - |
| Change in cash | - | €52,408 | -€65,784 | -€58,909 | -€2,060 | €8,796 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as NIC CONSTRUCT has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NIC CONSTRUCT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,805 companies, not a prediction for NIC 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 03-03-2026 | 2026-00050270 | |
| 30-09-2024 | micro format | 28-04-2025 | 2025-00082123 | |
| 30-09-2023 | micro format | 08-04-2024 | 2024-00060290 | |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00066956 | |
| 30-09-2021 | micro format | 22-04-2022 | 2022-20007798 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11700481 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600211 | |
| 30-09-2018 | micro format | 02-04-2019 | 2019-09000211 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11200295 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08300586 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LIBERT Marc |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Articles of association, deed of 08-01-2024 (in Dutch)
Network & group
NIC CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of NIC CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Change of role: LIBERT Marc, from manager to directorAmendment of the articles · Capital conversion · Reserve release9 points ▸
- General meeting, 19-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “adresverwijzing geschrapt uit statuten, verwijzing naar Vlaams Gewest, Vlaams Gewest” (deed in Dutch)
- Other provision, “nieuwe terminologie Wetboek van Vennootschappen en Verenigingen sedert 2020-01-01, vergadering neemt nota” (deed in Dutch)
- Director resignation, LIBERT Marc (manager)
- Director appointment, LIBERT Marc (director (not named in the articles))
- Director discharge, LIBERT Marc
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
16 activities
- De plaatsing van ramen en deuren en alle glaswerken en in het algemeen de aanneming van schrijnwerken in de ruimste zin.
- Leveren en plaatsen van polycarbonaatplaten zowel in gevel- als daktoepassing en eveneens als gevelbekleding.
- Uitvoeren van isolatiewerken aan vloeren, muren en daken
- De vervaardiging en de handel zowel groot- als kleinhandel in ramen, deuren en beslag en alle toeleveringsproducten voor schrijnwerkerijen.
- Handel in bouwmaterialen.
- Decoratiewerken en schilderwerken.
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden; daartoe behoren techno-consult, assistentie op gebied van engineering, technisch, commercieel, administratief en financieel beheer en advies.
- Tussenpersoon in de handel in het algemeen.
- Het beheer, de instandhouding en valorisatie van een onroerend patrimonium, met inbegrip van het onderhoud, de verbouwing en bebouwing ervan. Dit omvat ondermeer de aankoop, het bouwen, oprichten, uitrusten, ombouwen en verhuren, met het oog op beheer en opbrengst, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan.
- Het beleggen van beschikbare middelen in roerende goederen en waarden; het verwerven, te gelde maken, inbrengen, afstaan en verhandelen door uitgiften of andere middelen van alle soorten marktwaarden, aandelen of obligaties, van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen, bestaande of op te richten, dit alles voor zover als wettelijk toegelaten.
- De vennootschap kan daarenboven belangen nemen hetzij door deelneming, inbreng of op elke andere wijze, in alle vennootschappen, ondernemingen, syndicaten of groeperingen, bestaande of op te richten, zowel in België als in het buitenland die een gelijkluidend, soortgelijk of aanvullend voorwerp nastreven of die van aard zijn de ontwikkeling in haar onderneming te bevorderen.
- De vennootschap zal bij middel van inbreng, versmelting, inschrijving of op om het even welke wijze mogen deelnemen aan alle ondernemingen, verenigingen, vennootschappen, die een gelijkwaardig of bijhorend voorwerp nastreven of die eenvoudig nuttig zijn tot de gehele of gedeeltelijke verwezenlijking van haar voorwerp.
- In het algemeen zal de vennootschap alle commerciële, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband met haar voorwerp, of die van aard zouden zijn er de verwezenlijking van te bevorderen of uit te breiden.
- De vennootschap kan zich borg stellen voor eigen schulden en verbintenissen zowel als voor schulden en verbintenissen van derden.
- De vennootschap zal bevoegd zijn alle handelingen zonder uitzondering te verrichten, die daartoe noodzakelijk, nuttig of zelfs maar bevorderlijk zijn. Zij zal zelfs deel mogen nemen aan de bedrijvigheid van andere vennootschappen met hetzelfde, een gelijkaardig of aanverwant voorwerp en dit door inbreng, versmelting of hoe dan ook.
- Het bestuur van vennootschappen, ongeacht hun voorwerp. Deze opsomming dient in de ruimste zin beschouwd te worden en is niet beperkend, doch enkel van aanwijzende aard. Dit alles ook in de ruimste zin van het woord, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, als vertegenwoordiger, commissionair of tussenpersoon.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0895.780.746
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45035B0003/02R030 | Flanders | 292 m² | 1 · 175 m² | 11.2 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.