Equity
-€11,530
Debts exceed assets in financial year 2024.
NLD
Lifetime
4 annual accounts with figures on one time axispeak €42,431 (2021)
-€159▼ €2,794
lowest -€12,588 (2022)
-€9,755▼ €1,909
peak €18,659 (2021)
-€11,530▼ €9,755
€678,196▼ 35.1%
Board1 name since 2020
1 directorCAGLAR Nurettin
Documentsfilings and deeds
10-07-202521 days before the deadline
2024micro format
Gross margin from €2,635 to -€159Loss of €9,755Equity from -€1,775 to -€11,530Debts from €1.0m to €678,196Cash from €4,451 to €1,480
Key points
from the 2024 annual accountsLosses
-€30,190 in three years
Every financial year from 2022 to 2024 closed with a loss. 2022 was the heaviest.
Debts
€678,196 102% of the balance sheet
Financial debts 79%Suppliers 1%Other 20%
Of this, €140,170 falls due within a year.
Liquidity
4.74 was 7.22 in 2023
Short-term debts fell from €143,576 to €140,170.
Filings
4 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€11,530
Less equity than 84% of companies in real estate. Sector median €87,510 · 19,173 companies.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 19% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.8%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▼ -0.1 percentage points vs 07-2025
09-2025: 1.1%▲ +0.1 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.0%▼ -0.1 percentage points vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.0%▼ -0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.8%▲ +0.3 percentage points vs 08-2026
10-2026: 2.8%▲ +1.0 percentage point vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 10-07-2025)
Liquidity: current ratio 4.74, cash €1,480, halved
1 financial year not filed after the legal deadline; 2 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
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 18% of them on solvency, 37% on liquidity, 19% on profitability and 1% 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,167 companies had the same profile as NLD has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NLD itself is higher: 2.8% within 12 months. It rests on far more data about NLD 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 1,167 companies, not a prediction for NLD. 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
No credit on open account
Liquidity is ample, with a current ratio of 4.74 (7.22 in 2023), above the usual 1.5. Short-term debt is 21% and cash 0.2% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€11,530
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
21 days early
2023
113 days late
2022
72 days late
2021
23 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 47 days after 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 (1)
Recent changes
Purpose change
“Uitbating zonnebankcentrum; Schoonheidsverzorging, schoonheidsinstituut, schoonheidssalon; Adviesverlening op…” (deed in Dutch) · Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founder: CAGLAR Nurettin · Appointment: CAGLAR Nurettin (director) · published on 09-07-2020 · Gazette deed
First establishment
Quinten Matsijsstraat 48, Schoten
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NLD Schoten | €666,666 | -€159 | -1.7% | - |
| La Croisette Chaumont-Gistoux | €658,945 | -€19,813 | -20.2% | - |
| R.E.D. Halle | €690,262 | -€35,980 | -26.9% | - |
| FAZI GROUP Brussels | €719,572 | -€116,787 | 18.4% | - |
| DEMA PROJECTS Ghent | €784,965 | -€4,425 | 92.1% | - |
| WIEL'S-BACK Schaerbeek | €782,668 | -€2,322 | 1.6% | - |
| RENAL Ouffet | €546,204 | -€4,473 | 99.5% | - |
These companies have the same main activity as NLD: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €546,000 and €785,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 07-07-2020Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.305.746.0222900 Schoten, since 07-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on NLD
NLD files the micro format. That format states no turnover. The gross margin fell from €42,431 in 2021 to -€159 in 2024.
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 NLD
- What is the company number of NLD?
- The company number of NLD is 0749.922.143. The VAT number is the same number with BE in front: BE 0749.922.143.
- Where is NLD based?
- The registered office is at Quinten Matsijsstraat 48, 2900 Schoten.Company details
- What does NLD do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of NLD?
- NLD is a private limited company (BV).
- When was NLD founded?
- NLD was founded on 07-07-2020.
- Is NLD still active?
- Yes, NLD is an active enterprise in the KBO register.
- What is the turnover of NLD?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is NLD profitable?
- In financial year 2024, NLD made a loss of €9,755.
- Where can I find the annual accounts of NLD?
- NLD filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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