NLM CONSTRUCT
ActiveSummary
NLM CONSTRUCT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,246 and a net result of €14,384. Equity has been growing by about 29% per year since 2023. Its solvency ranks better than 86% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-05-2022 Normal situation
- Activity
- Insulation installation NACE 43230and 4 others
- Establishment unit
- 2.333.152.975 1150 Sint-Pieters-Woluwe, since 16-05-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €25,076
- ▲ 13.7%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €14,384
- ▲ 3.0%
- Equity
- €63,246
- ▲ 29.4%
- Total assets
- €77,783
- ▲ 26.2%
Score breakdownraises riskSize: total assets €77,783Founded in 2022lowers riskLiquidity: current ratio 5.00, cash €21,366Equity €63,246 (81.3% of total assets)Show the evidence
Checked score
About 4 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 43, micro). It does better than 90% of them on solvency, 77% on liquidity, 78% on profitability and 74% on growth.
The bankruptcy probability was computed on 02-11-2026 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 3 accounts on average on the deadline day. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €11,504 | €3,165 | €2,607 |
| Depreciation and write-downs of the year | €2,671 | €4,246 | €5,245 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,671 | €4,246 | €5,245 | ▲ 23.5% |
| Other operating charges640/8 | €142 | €165 | €969 | ▲ 489% |
| Gross operating margin9900 | €45,701 | €22,055 | €25,076 | ▲ 13.7% |
| Operating profit (loss)9901 | €42,887 | €17,644 | €18,862 | ▲ 6.9% |
| Financial income75/76B | €37 | €1 | €1,395 | ▲ 1,268× |
| Recurring financial income75 | €37 | €1 | €1,395 | ▲ 1,268× |
| Financial charges65/66B | €151 | €218 | €459 | ▲ 110% |
| Recurring financial charges65 | €151 | €218 | €459 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €42,774 | €17,427 | €19,798 | ▲ 13.6% |
| Income taxes67/77 | €10,377 | €3,461 | €5,414 | ▲ 56.4% |
| Profit (loss) for the period9904 | €32,397 | €13,966 | €14,384 | ▲ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €32,397 | €13,966 | €14,384 | ▲ 3.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €78,138 | €61,626 | €77,783 | ▲ 26.2% |
| Fixed assets21/28 | €8,833 | €7,752 | €5,114 | ▼ 34.0% |
| Tangible fixed assets22/27 | €8,833 | €7,752 | €5,114 | ▼ 34.0% |
| Plant, machinery and equipment23 | €7,181 | €6,829 | €4,919 | ▼ 28.0% |
| Furniture and vehicles24 | €1,652 | €924 | €195 | ▼ 78.9% |
| Current assets29/58 | €69,305 | €53,873 | €72,669 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €11,265 | €16,522 | €51,303 | ▲ 211% |
| Trade receivables40 | €5,526 | €162 | €22,024 | ▲ 136× |
| Other amounts receivable41 | €5,740 | €16,360 | €29,279 | ▲ 79.0% |
| Cash at bank and in hand54/58 | €57,965 | €37,351 | €21,366 | ▼ 42.8% |
| Deferred charges and accrued income490/1 | €74 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €78,138 | €61,626 | €77,783 | ▲ 26.2% |
| Equity10/15 | €34,897 | €48,862 | €63,246 | ▲ 29.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €32,397 | €46,362 | €60,746 | ▲ 31.0% |
| Amounts payable17/49 | €43,241 | €12,763 | €14,537 | ▲ 13.9% |
| Amounts payable within one year42/48 | €43,241 | €12,763 | €14,537 | ▲ 13.9% |
| Trade debts44 | €32,864 | €9,302 | €9,122 | ▼ 1.9% |
| Suppliers440/4 | €32,864 | €9,302 | €9,122 | ▼ 1.9% |
| Taxes, remuneration and social security45 | €10,377 | €3,461 | €5,414 | ▲ 56.4% |
| Taxes450/3 | €10,377 | €3,461 | €5,414 | ▲ 56.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,397 | €13,966 | €14,384 | ▲ 3.0% |
| + Depreciation and write-downs630 | €2,671 | €4,246 | €5,245 | ▲ 23.5% |
| Operating cash flow (approximation) | €35,068 | €18,212 | €19,628 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€3,165 | -€2,607 | ▲ 17.6% |
| Change in cash | - | -€20,614 | -€15,985 | ▲ 22.5% |
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, 39,278 companies had the same profile as NLM CONSTRUCT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NLM CONSTRUCT itself: 0.4% 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 39,278 companies, not a prediction for NLM 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.
Board & ownership
Directors
Owners and capital
Shareholders
- NEMES, Ion-Daniel 100 shares (100%)
Capital transactions
- 18-05-2022 Incorporation · €2,500 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Cession entre vifs ou transmission pour cause de mort, moitié au moins des actionnaires possédant trois/quart au moins des actions”“Refus d'agrément cession entre vifs, Société,parties à cession,actionnaires opposés”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 18-05-2022 (in French)
Network & group
NLM CONSTRUCT shares no director with another company.
Companies at the same address
5 other companies- Kervyn de Volkaersbeke, Maxence (sole trader) Establishment · since 2020 0744442336
- SOCIETE DE PROMOTION IMMOBILIERE DURABLE ET ECOLOGIQUE Registered office · since 2004 0863298317
- BATI GROUPE Registered office · since 2003 0862309214
- LES SAMARITAINS - DE SAMARITANEN Registered office · since 2000 0472036543
- ELICO Registered office · since 1989 0437730712
Connections & network
1 current directorThe network starts from the directors of NLM CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-05
Gazette deed
IncorporationStarting capital €2,500 · Appointment: NEMES, Ion-Daniel (director) · Founder8 points ▸
- Incorporation, “NLM CONSTRUCT” (deed in French)
- Founder, NEMES, Ion-Daniel (comparant)
- Founding capital, €2,500
- Other provision, “statuts arrêtés, STATUTS” (deed in French)
- Capital
- General meeting, “unanimité, prend décisions suivantes” (deed in French)
- Board rule, 1
- Director appointment, NEMES, Ion-Daniel (director)
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
10 activities
- Toutes activités liées à l'entreprise générale du bâtiment en ce compris notamment,la construction immobilière,le parachèvement et l'aménagement de tous biens immobiliers ainsi qu’entre autres les travails suivants :
- Tous travaux de construction,d'entretien,d'aménagement,de réparation et de transformation de tous biens immobiliers ;
- Tous travaux de réfection et de nettoyage de façades ;
- Tous travaux d'isolation acoustique et thermique ;
- Tous travaux de placement de parois et panneaux amovibles ;
- Tous travaux de carrelage,plafonnage,d'installation de cloisons et/ou de faux plafonds ;
- Tous travaux de chauffage ;
- Tous travaux et installations électriques en ce compris l'étude,la vente et le placement de tous systèmes d’automatisation ;
- Tous travaux de plomberie-zinguerie et de sanitaire ;
- Tous travaux de terrassement,de placement et d'installation de canalisations,voiries et d’égouts ;
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 0786.236.864
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21682C0182/00S035 | Brussels | 84 m² | - | - |