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NLC

Active
Private limited companyfounded 2023active for 3 yearsRue Aimeries 97 C, 7370 Dour, BelgiumKBO/BCE: BE 0805.743.465
Summary

The computed 12-month bankruptcy probability of NLC is 3.4% (moderate). The 2025 annual accounts show equity of €5,872 and a net result of €7,066. Its solvency ranks better than 15% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Insulation installation
NACE 43230
1 site
Size
≈ €86,000turnover 2025, estimated
Equity
€5,872
Profit
€7,066
Turnover estimated from the gross margin
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Structure
2025 accounts 28 days early
Why 50raises riskFounded in 20231 change of registered office in 24 monthsEquity €5,872 (11.0% of total assets)lowers riskLiquidity: current ratio 1.10, cash €8,937Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 49% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 36+15
equity 11.0% of total assets
Liquidity 22-28
short-term debt 89.0% · cash 16.7%
Profitability 85+85
return on assets 13.2%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 2.4%▲ +0.5 percentage points vs 12-2024 02-2025: 1.1%▼ -1.3 percentage points vs 01-2025lowest value 03-2025: 2.1%▲ +1.0 percentage point vs 02-2025 04-2025: 2.2%▲ +0.1 percentage points vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.2%● unchanged vs 06-2025 08-2025: 2.1%▼ -0.1 percentage points vs 07-2025 09-2025: 2.2%▲ +0.1 percentage points vs 08-2025 10-2025: 2.7%▲ +0.5 percentage points vs 09-2025 11-2025: 3.0%▲ +0.3 percentage points vs 10-2025 12-2025: 3.0%● unchanged vs 11-2025 01-2026: 3.0%● unchanged vs 12-2025 02-2026: 2.6%▼ -0.4 percentage points vs 01-2026 03-2026: 2.6%● unchanged vs 02-2026 04-2026: 2.6%● unchanged vs 03-2026 05-2026: 2.5%▼ -0.1 percentage points vs 04-2026 06-2026: 2.4%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%▼ -0.1 percentage points vs 06-2026 08-2026: 2.3%● unchanged vs 07-2026 09-2026: 2.4%▲ +0.1 percentage points vs 08-2026 10-2026: 3.4%▲ +1.0 percentage point vs 09-2026highest value
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 14% on solvency, 12% on liquidity, 69% on profitability and 99% on growth.

The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Equity €5,872 (11.0% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.10, cash €8,937
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 34747 sector peers (2025).
NBB · sector comparison
Position among 34747 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-01-2026, 28 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
28 days early
2024
4 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 16 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end28-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Back to profitnet €7,066
  3. Registered officeRegistered-office move

Financials · financial year 2025, micro format

Turnover
≈ €86,000
Estimated: probably between €46,000 and €200,000
Total assets
€53,452▲ 100%
2024 · €26,699
Net result
€7,066
2024 · -€5,194
Working capital
€4,815
2024 · -€2,641
Trend over the years

2024 to 2025, 2 financial years

The operating result returns to profit in 2025: €7,723 after a loss of €5,235 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7,723 2025 Net result€7,066 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€5,235-€7,723
Net result-€5,194below the sector's middle half-€7,066within the sector's middle half
Equity-€1,194below the sector's middle half-€5,872below the sector's middle half
Total assets€26,699below the sector's middle half-€53,452below the sector's middle half▲ 100%
Debt€27,893-€47,580▲ 70.6%
Working capital-€2,641below the sector's middle half-€4,815within the sector's middle half
Solvency-4.5%below the sector's middle half-11.0%below the sector's middle half▲ 15.5pp
Current ratio0.91below the sector's middle half-1.10within the sector's middle half▲ 0.20
Return on assets (ROA)-19.5%below the sector's middle half-13.2%within the sector's middle half▲ 32.7pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,452
Fixed assets €1,058 ▼ 26.9%
Current assets €52,395 ▲ 107%
Equity and liabilities €53,452
Equity €5,872
Debt €47,580
Debt finances 89.0% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8,113▲
2024 · -€5,124
Cash flow
€7,456▲
2024 · -€5,083
Debt to equity
8.10
ROE
120.3%
Interest coverage
over 100▲
2024 · -85.40
Debt ≤ 1 year
€47,580▲
2024 · €27,893
Income taxes
€655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% 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 3.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€26,699€53,452▲
Fixed assets21/28€1,447€1,058▼
Tangible fixed assets22/27€1,447€1,058▼
Furniture and vehicles24€1,447€1,058▼
Current assets29/58€25,252€52,395▲
Amounts receivable within one year40/41€11,861€43,458▲
Trade receivables40€6,484€24,821▲
Other amounts receivable41€5,377€18,637▲
Cash at bank and in hand54/58€13,391€8,937▼
Equity and liabilities
Total equity and liabilities10/49€26,699€53,452▲
Equity10/15-€1,194€5,872▲
Contributions10/11€4,000€4,000=
Contributions outside capital11€4,000-
Other1109/19€4,000-
Profit (loss) carried forward14-€5,194€1,872▲
Amounts payable17/49€27,893€47,580▲
Amounts payable within one year42/48€27,893€47,580▲
Trade debts44€24,741€41,925▲
Suppliers440/4€24,741€41,925▲
Taxes, remuneration and social security45€847€5,655▲
Taxes450/3€300€655▲
Remuneration and social security454/9€547€5,000▲
Other amounts payable47/48€2,305-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111€390▲
Other operating charges640/8€533€687▲
Gross operating margin9900-€4,591€8,800▲
Operating profit (loss)9901-€5,235€7,723▲
Financial income75/76B€101-
Recurring financial income75€101-
Financial charges65/66B€60€2▼
Recurring financial charges65€60€2▼
Profit (loss) for the period before taxes9903-€5,194€7,722▲
Income taxes67/77-€655
Profit (loss) for the period9904-€5,194€7,066▲
Profit (loss) for the period to be appropriated9905-€5,194€7,066▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,194€1,872▲
Profit (loss) brought forward from the previous period14P--€5,194

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111€390▲ 251%
Other operating charges640/8€533€687▲ 28.9%
Gross operating margin9900-€4,591€8,800-
Operating profit (loss)9901-€5,235€7,723-
Financial income75/76B€101--
Recurring financial income75€101--
Financial charges65/66B€60€2▼ 97.1%
Recurring financial charges65€60€2▼ 97.1%
Profit (loss) for the period before taxes9903-€5,194€7,722-
Income taxes67/77-€655-
Profit (loss) for the period9904-€5,194€7,066-
Profit (loss) for the period to be appropriated9905-€5,194€7,066-
Line20242025Change
Assets
Total assets20/58€26,699€53,452▲ 100%
Fixed assets21/28€1,447€1,058▼ 26.9%
Tangible fixed assets22/27€1,447€1,058▼ 26.9%
Furniture and vehicles24€1,447€1,058▼ 26.9%
Current assets29/58€25,252€52,395▲ 107%
Amounts receivable within one year40/41€11,861€43,458▲ 266%
Trade receivables40€6,484€24,821▲ 283%
Other amounts receivable41€5,377€18,637▲ 247%
Cash at bank and in hand54/58€13,391€8,937▼ 33.3%
Equity and liabilities
Total equity and liabilities10/49€26,699€53,452▲ 100%
Equity10/15-€1,194€5,872-
Contributions10/11€4,000€4,000=
Contributions outside capital11€4,000--
Other1109/19€4,000--
Profit (loss) carried forward14-€5,194€1,872-
Amounts payable17/49€27,893€47,580▲ 70.6%
Amounts payable within one year42/48€27,893€47,580▲ 70.6%
Trade debts44€24,741€41,925▲ 69.5%
Suppliers440/4€24,741€41,925▲ 69.5%
Taxes, remuneration and social security45€847€5,655▲ 568%
Taxes450/3€300€655▲ 118%
Remuneration and social security454/9€547€5,000▲ 814%
Other amounts payable47/48€2,305--
Line20242025Change
Profit (loss) for the period9904-€5,194€7,066-
+ Depreciation and write-downs630€111€390▲ 251%
Operating cash flow (approximation)-€5,083€7,456-
Investment in fixed assets (approximation)-€0-
Change in cash--€4,454-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
30-06-2025 micro format 03-01-2026 2026-00002698
30-06-2024 micro format 27-01-2025 2025-00016829

Similar companies · same sector, comparable size

Of the 4,218 active companies whose main activity is insulation installation (NACE 43230), figures are known for 1,268. 562 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2023
Di Giosia Thierry
Director · since 18-09-2023
Current
AUREDAM
Director (not named in the articles) · since 14-09-2023 · Legal entity · from a recent deed
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2023, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
AUREDAMfrom an act
  • Director (not named in the articles), from 14-09-2023 to date
Di Giosia Thierry
  • Director, from 18-09-2023 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 14-09-2023 ↗
  • AUREDAM (BE 0728.497.318) 100 shares (100%) · in cash

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 14-09-2023 Incorporation · €4,000 · 100 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 12 September 2023, NLC was incorporated as a private limited company by AUREDAM, with a starting capital of €4,000.12 In 2025 the registered office moved to Dour - rue Aimeries.3 Of the 2 current board members, AUREDAM has served longest, since 2023.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-09-2023
  3. 3Belgian Official Gazette, 14-02-2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
03-01
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
30-06
Financial Back to profitnet €7,066
Net result €7,066 after one loss-making year.
14-02
Gazette deed Registered office
Registered-office move2 facts ▸
  • Board meeting, 07-01-2025
  • Registered-office move, B.-7370 Dour - rue Aimeries 97C
27-01
NBB filing Annual accounts filed
financial year 2024 · micro format
2023
16-10
Gazette deed Appointment: Di Giosia Thierry (director)
2 facts ▸
  • General meeting, 18-09-2023
  • Director appointment, Di Giosia Thierry (director)
14-09
Gazette deed Incorporation
Appointment: AUREDAM (director) · Permanent representative: TORDEURS Thierry · Founder11 facts ▸
  • Other provision, “constitution antérieure et statuts”, 01-10-2010 (deed in French)
  • Director in office, TORDEURS Thierry (sole director)
  • Incorporation, “1472 Vieux-Genappe,Rue Gélasse Burton 3A”, EUR (deed in French)
  • Founder, AUREDAM (comparant)
  • Founding capital, €4,000
  • Bank account, 4000, “société en formation” (deed in French)
  • Other provision, “arrêt des statuts, comparant” (deed in French)
  • Registered office clause, “1472 VIEUX-GENAPPE,Rue Gélasse Burton 3A” (deed in French)
  • Board rule, 1
  • Director appointment, AUREDAM (director (not named in the articles))
  • Permanent representative, TORDEURS Thierry (2 times)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
3 of 3 deeds read

Register details

Identification
Legal formPrivate limited company
Founded12-09-2023
Financial year end30-06
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
47820Retail sale of motor vehicle parts and accessories
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805743465
Also 9925:BE0805743465
Registered 14-09-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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, with enterprise number 0805.743.465

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Dour · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
3,118 m²
Building footprint
441 m²
Building volume
1,328 m³
Parcel 53020B0079/00K002, Wallonia · tallest building 4.0 m. Linked by address, not a title deed.
1 establishment unit
NLC
Rue Aimeries 97 C, 7370 DourInsulation installation
since 2023unit no. 2.350.934.362
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
53020B0079/00K002 Wallonia 3,118 m² 1 · 441 m² 4.0 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“L’achat, la vente, l’importation, l’exportation, le commerce sous toutes ses formes, de pneumatiques, de batteries, de systèmes de freins…” (deed in French)
8 activities (deed in French)
  1. L’achat, la vente, l’importation, l’exportation, le commerce sous toutes ses formes, de pneumatiques, de batteries, de systèmes de freins, d’amortisseurs, de systèmes d’échappement, de systèmes d’alarme et plus généralement de toutes pièces détachées, de tous accessoires, de tous matériels et de tous équipements pour voitures ou autres véhicules
  2. L’entretien, la réparation, la transformation mécanique, sellerie et carrosserie de tous types de véhicules
  3. Intermédiaire en location de véhicules : location à court, moyen ou long terme, le prêt, le leasing de véhicules neufs ou usagés avec ou sans chauffeur
  4. Toutes opérations se rapportant directement ou indirectement à l’entretien, la rénovation, les travaux d’embellissements, de réparations, de démolition, de terrassement, de plafonnage de tous bâtiments
  5. Tous travaux dans le bâtiment ne nécessitant pas d’agrément
  6. Travaux de création, d’aménagements, d’élagage et d’entretiens de parcs et jardins en ce compris l’installation d’éclairages, arrosages automatisés
  7. Toutes opérations généralement quelconques se rapportant directement ou indirectement au commerce, à la fabrication, la location, la vente en gros ou en détail, la représentation, la distribution, le service, le conditionnement, l’exploitation et le courtage, l’importation et l’exportation de tous types de produits alimentaires ou non
  8. La participation et l’organisation de tous types d’évènements, de séminaires, de manifestations privées ou publiques en relation avec son objet

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
NLC
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, par simple décision organe d’administration en tout endroit Région Bruxelles-Capitale ou région langue française Belgique…” (deed in French)

deed of 14-09-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation de durée, non-statutaires révocables ad nutum par assemblée générale sans indemnité” (deed in French)
“Frais généraux indépendamment frais représentation,voyages,déplacements, assemblée générale” (deed in French)

deed of 14-09-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of December at 18:00

deed of 14-09-2023

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Décision assemblée générale dans formes modifications aux statuts, en tout temps” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque cause et à quelque moment que ce soit, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)

deed of 14-09-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Organe détermine si seul ou conjointement, organe fixe attributions et rémunérations éventuelles,peut révoquer en tout temps” (deed in French)
Other provision: “Administrateur,à défaut actionnaire présent détenant le plus d’actions,à parité le plus âgé, séances – procès-verbaux” (deed in French)
Other provision: “Délibérations – vote – procurations, majorité des voix quel que soit nombre de titres représentés” (deed in French)
Other provision: “Séance tenante, organe d’administration” (deed in French)
Other provision: “Répartition – réserves, bénéfice annuel net” (deed in French)
Other provision: “Paiement des dividendes et acomptes, articles 5:142 et 5:143” (deed in French)
Liquidation distribution: “Actif net entre actionnaires en proportion des actions,biens conservés même proportion, apurement dettes,charges,frais ou consignation…” (deed in French)
3 more provisions in the deed, see the deed of 14-09-2023

deed of 14-09-2023