NK Construct
ActiveSummary
The computed 12-month bankruptcy probability of NK Construct is 1.8% (moderate). The 2025 annual accounts show equity of €194,417 and a net result of €44,309. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 2213 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-9
Solvency54▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.86 in 2024; short-term debt: 28.6% and cash: 7.8% of total assets), and 71.2% of the assets are financed with debt.
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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
28.8%
Return on assets
6.6%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
47 d early
2023
55 d early
2022
53 d early
2021
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 50 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Financials · fiscal year 2025, abbreviated schema
Equity
€194,417▲ 29.5%
2024 · €150,108
Total assets
€673,902▲ 5.5%
2024 · €638,509
Net result
€44,309▼ 50.8%
2024 · €90,150
Working capital
€22,242
2024 · -€24,311
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,389-€34,640▼ 26.9%€26,115▼ 24.6%€132,941▲ 409%€68,964▼ 48.1%
Net result€38,796-€31,849▼ 17.9%€19,313▼ 39.4%€90,150▲ 367%€44,309▼ 50.8%
Equity€58,796-€90,645▲ 54.2%€109,958▲ 21.3%€150,108▲ 36.5%€194,417▲ 29.5%
Total assets€216,272-€238,185▲ 10.1%€644,367▲ 171%€638,509▼ 0.9%€673,902▲ 5.5%
Debt€157,476-€147,540▼ 6.3%€534,409▲ 262%€488,401▼ 8.6%€479,485▼ 1.8%
Working capital-€14,699-€16,076-€51,548-€24,311▲ 52.8%€22,242
Staff (FTE)1.9-1.70.9▼ 47.1%1.7▲ 88.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +171% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €673,902
Fixed assets
€459,150 ▼ 7.2%
Current assets
€214,751 ▲ 49.3%
Equity and liabilities €673,902
Equity
€194,417 ▲ 29.5%
Debt
€479,485 ▼ 1.8%
Debt's share of the balance-sheet total falls from 76.5% to 71.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,565▼
2024 · €194,048
Cash flow
€103,911▼
2024 · €151,258
Current ratio
1.12▲
2024 · 0.86
Quick ratio
0.97▲
2024 · 0.75
Debt to equity
2.47▼
2024 · 3.25
ROE
22.8%▼
2024 · 60.1%
ROA
6.6%▼
2024 · 14.1%
Interest coverage
9.08▼
2024 · 12.72
Debt ≤ 1 year
€192,509▲
2024 · €168,126
Debt > 1 year
€286,975▼
2024 · €320,275
Income taxes
€16,706▼
2024 · €32,081
Staff costs
€70,125▲
2024 · €47,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 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% | 1.6% |
| 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 74% 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 6,703 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €92,960 | €112,406 | €100,226 | €47,064 | €70,125 | ▲ 49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,903 | €38,648 | €94,832 | €61,108 | €59,601 | ▼ 2.5% |
| Other operating charges640/8 | €2,558 | €1,984 | €2,630 | €2,578 | €3,154 | ▲ 22.4% |
| Non-recurring operating charges66A | - | - | - | €4,622 | €278 | ▼ 94.0% |
| Gross operating margin9900 | €154,811 | €187,677 | €223,804 | €248,311 | €202,122 | ▼ 18.6% |
| Operating profit (loss)9901 | €47,389 | €34,640 | €26,115 | €132,941 | €68,964 | ▼ 48.1% |
| Financial income75/76B | €2,572 | €5,739 | €3,378 | €4,549 | €6,213 | ▲ 36.6% |
| Recurring financial income75 | €2,572 | €5,739 | €3,378 | €4,549 | €6,213 | ▲ 36.6% |
| Financial charges65/66B | €1,403 | €2,105 | €3,826 | €15,259 | €14,162 | ▼ 7.2% |
| Recurring financial charges65 | €1,403 | €2,105 | €3,826 | €15,259 | €14,162 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €48,557 | €38,274 | €25,667 | €122,231 | €61,015 | ▼ 50.1% |
| Income taxes67/77 | €9,762 | €6,425 | €6,354 | €32,081 | €16,706 | ▼ 47.9% |
| Profit (loss) for the period9904 | €38,796 | €31,849 | €19,313 | €90,150 | €44,309 | ▼ 50.8% |
| Profit (loss) for the period to be appropriated9905 | €38,796 | €31,849 | €19,313 | €90,150 | €44,309 | ▼ 50.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,272 | €238,185 | €644,367 | €638,509 | €673,902 | ▲ 5.5% |
| Fixed assets21/28 | €139,626 | €153,869 | €527,305 | €494,693 | €459,150 | ▼ 7.2% |
| Tangible fixed assets22/27 | €138,276 | €153,369 | €526,805 | €494,193 | €458,650 | ▼ 7.2% |
| Land and buildings22 | - | - | €370,646 | €362,478 | €354,311 | ▼ 2.3% |
| Plant, machinery and equipment23 | €87,373 | €71,809 | €98,288 | €84,037 | €74,536 | ▼ 11.3% |
| Furniture and vehicles24 | €50,903 | €36,325 | €21,897 | €20,963 | €12,349 | ▼ 41.1% |
| Leasing and similar rights25 | - | €45,234 | €35,974 | €26,714 | €17,454 | ▼ 34.7% |
| Financial fixed assets28 | €1,350 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €76,647 | €84,316 | €117,062 | €143,815 | €214,751 | ▲ 49.3% |
| Stocks and contracts in progress3 | €15,470 | €20,375 | €49,473 | €17,700 | €27,448 | ▲ 55.1% |
| Stocks30/36 | €15,470 | €20,375 | €49,473 | €17,700 | €27,448 | ▲ 55.1% |
| Amounts receivable within one year40/41 | €42,985 | €50,386 | €17,950 | €51,337 | €134,921 | ▲ 163% |
| Trade receivables40 | €42,985 | €40,022 | €12,042 | €37,068 | €110,880 | ▲ 199% |
| Other amounts receivable41 | - | €10,364 | €5,909 | €14,269 | €24,041 | ▲ 68.5% |
| Cash at bank and in hand54/58 | €17,765 | €13,097 | €49,639 | €74,638 | €52,382 | ▼ 29.8% |
| Deferred charges and accrued income490/1 | €427 | €458 | - | €140 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,272 | €238,185 | €644,367 | €638,509 | €673,902 | ▲ 5.5% |
| Equity10/15 | €58,796 | €90,645 | €109,958 | €150,108 | €194,417 | ▲ 29.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €38,796 | €70,645 | €89,958 | €130,108 | €174,417 | ▲ 34.1% |
| Distributable reserves133 | €38,796 | €70,645 | €89,958 | €130,108 | €174,417 | ▲ 34.1% |
| Amounts payable17/49 | €157,476 | €147,540 | €534,409 | €488,401 | €479,485 | ▼ 1.8% |
| Amounts payable after more than one year17 | €64,460 | €79,181 | €364,079 | €320,275 | €286,975 | ▼ 10.4% |
| Financial debts170/4 | €64,460 | €79,181 | €364,079 | €320,275 | €286,975 | ▼ 10.4% |
| Amounts payable within one year42/48 | €91,345 | €68,240 | €168,610 | €168,126 | €192,509 | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | €18,455 | €28,055 | €45,102 | €46,873 | €34,971 | ▼ 25.4% |
| Trade debts44 | €31,735 | €9,235 | €91,377 | €71,987 | €133,649 | ▲ 85.7% |
| Suppliers440/4 | €31,735 | €9,235 | €91,377 | €71,987 | €133,649 | ▲ 85.7% |
| Advances received on contracts in progress46 | - | - | - | €12,000 | €5,000 | ▼ 58.3% |
| Taxes, remuneration and social security45 | €21,496 | €16,384 | €32,131 | €4,622 | €11,787 | ▲ 155% |
| Taxes450/3 | €21,496 | €16,359 | €27,184 | €2,460 | €4,198 | ▲ 70.7% |
| Remuneration and social security454/9 | - | €25 | €4,947 | €2,162 | €7,588 | ▲ 251% |
| Other amounts payable47/48 | €19,660 | €14,567 | - | €32,644 | €7,103 | ▼ 78.2% |
| Accrued charges and deferred income492/3 | €1,671 | €118 | €1,719 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,796 | €31,849 | €19,313 | €90,150 | €44,309 | ▼ 50.8% |
| + Depreciation and write-downs630 | €11,903 | €38,648 | €94,832 | €61,108 | €59,601 | ▼ 2.5% |
| Operating cash flow (approximation) | €50,699 | €70,497 | €114,146 | €151,258 | €103,911 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | -€52,891 | -€468,269 | -€28,496 | -€24,059 | ▲ 15.6% |
| Change in cash | - | -€4,668 | €36,542 | €24,999 | -€22,257 | ▼ 189% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €90,150 ▲367%
Operating result €132,941, net result €90,150, both a record.
31-12
Financial
Equity above €150,000Eq €150,108 ▲36.5%
4 profitable years in a row build equity to €150,108.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €19,313 ▼39.4%
Net result drops to €19,313, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €109,958 ▲21.3%
3 profitable years in a row build equity to €109,958.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Beerse · 1 establishment unit since 2021
Ground area
1,242 m²
Building footprint
156 m²
Volume, LiDAR
652 m³
Parcel 13004E0001/00M077, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NK Construct
since 20212.314.613.307
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004E0001/00M077 | Flanders | 1,242 m² | 1 · 156 m² | 10.3 m · 1 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
2022 to 2024 · 3 entries · 13,032 EUR awarded · 13,032 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,847 EUR | 5,694 EUR |
| 2023 | 1 | 7,338 EUR | 4,491 EUR |
| 2022 | 1 | 2,847 EUR | 2,847 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,159 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
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43240Other construction installation
43320Joinery installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765332671
Registered
26-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.