Turnover
≈ €140,000 estimated
The micro format states no turnover.
NM QUALITY
Overview
Lifetime
1 annual account with figurespeak €26,930 (2025)
€26,930
peak €17,783 (2025)
€17,783
peak €22,783 (2025)
€22,783
€13,183
Board2 names since 2024
1 directorVermeylen Olaf
Documentsfilings and deeds
21-04-20269 days before the deadline
2025micro format
Company renamed from MERCATOR CONSULTING to NM QUALITY 28-02First year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
Checked score
34
Weak
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 3.8%lowest value
08-2025: 3.8%● unchanged vs 07-2025lowest value
09-2025: 4.0%▲ +0.2 percentage points vs 08-2025
10-2025: 4.3%▲ +0.3 percentage points vs 09-2025
11-2025: 4.5%▲ +0.2 percentage points vs 10-2025
12-2025: 5.0%▲ +0.5 percentage points vs 11-2025
01-2026: 5.0%● unchanged vs 12-2025
02-2026: 5.2%▲ +0.2 percentage points vs 01-2026
03-2026: 5.3%▲ +0.1 percentage points vs 02-2026
04-2026: 5.1%▼ -0.2 percentage points vs 03-2026
05-2026: 5.5%▲ +0.4 percentage points vs 04-2026
06-2026: 5.6%▲ +0.1 percentage points vs 05-2026
07-2026: 5.6%● unchanged vs 06-2026
08-2026: 10.0%▲ +4.4 percentage points vs 07-2026highest value
09-2026: 10.0%● unchanged vs 08-2026highest value
10-2026: 9.7%▼ -0.3 percentage points vs 09-2026
11-2026: 9.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Founded in 2024
Liquidity: current ratio 1.18, cash €59
Size: total assets €35,965
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 69% of them on solvency, 22% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 39,278 companies had the same profile as NM QUALITY has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NM QUALITY itself is higher: 9.7% within 12 months. It rests on far more data about NM QUALITY 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 39,278 companies, not a prediction for NM QUALITY. 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
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.18, below the usual 1.5. Short-term debt is 35.6% and cash 0.2% of total assets. 36.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
9 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered office moved from Lubbeek to Tienen
New registered office: Grote Bergstraat 22 te 3300 Tienen · Previous registered office: Staatsbaan 249, 3212 Lubbeek · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010803049
Company renamed from MERCATOR CONSULTING to NM QUALITY
Registered office moved from Saint-Josse-ten-Noode to Lubbeek · New registered office: Staatsbaan 249, 3210 Lubbeek · Previous registered office: Avenue du Boulevard 21, 1210 Sint-Joost-ten-Node · General meeting of 18-02-2025 · Gazette deed
First establishment
Bolwerklaan 21, Saint-Josse-ten-Noode
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NM QUALITY Tienen | €35,965 | €26,930 | 63.3% | - |
| ALTERNOT Trooz | €29,215 | €23,099 | 63.3% | - |
| Be Expert Energie Mouscron | €40,027 | €49,391 | -34.5% | 0 |
| EV Goat Ghent | €32,694 | €18,501 | 48.2% | - |
| ELECT DECLOUX Zaventem | €81,134 | €31,229 | 73.0% | - |
| ELMA POWER Mont-Saint-Guibert | €59,179 | €50,742 | 39.5% | - |
| WORKLABS Schaerbeek | €63,841 | €26,374 | 60.9% | - |
These companies have the same main activity as NM QUALITY: specialised construction activities (NACE 43213). They are comparable in size and age: total assets between €29,200 and €81,100, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 26-06-2024Normal situation
- Activity
- Specialised construction activitiesNACE 43213and 1 other
- Establishment unit
- 2.363.218.7201210 Saint-Josse-ten-Noode, since 01-07-2024
- Financial year end
- 30 September
- Peppol
- Reachable since 17-06-2025
Annual accounts to 30-09-2025
- €26,930
- €17,783
- €22,783
- €35,965
- Filing
- Filed on 21-04-2026, 9 days before the end of the filing period
Insights on NM QUALITY
The computed 12-month bankruptcy probability of NM QUALITY is 9.7% (elevated). The 2025 annual accounts show equity of €22,783 and a net result of €17,783.
Its solvency ranks better than 68% of 35,119 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-04-2026, 9 days before the deadline€26,930
€22,457
€17,783
€2,344
63.3%
1.18
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €94,000 and €190,000.
Balance sheet
balance sheet total €35,965 on 30-09-2025What the company ownsHow it is paid for
Position in the sector
63.3%
Higher than 68% of 35,119 companies in 2025.
1.18
Higher than 28% of 34,493 companies in 2025.
49.4%
Higher than 95% of 34,694 companies in 2025.
NM QUALITY
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
35,965 | |
21/28 |
20,802 | |
22/27 |
20,802 | |
23 |
3,665 | |
24 |
17,137 | |
29/58 |
15,163 | |
40/41 |
13,548 | |
40 |
6,700 | |
41 |
6,848 | |
54/58 |
59 | |
490/1 |
1,556 | |
| Balance sheet: equity and liabilities | ||
10/49 |
35,965 | |
10/15 |
22,783 | |
10/11 |
5,000 | |
13 |
17,783 | |
133 |
17,783 | |
17/49 |
13,183 | |
42/48 |
12,819 | |
44 |
4,592 | |
440/4 |
4,592 | |
45 |
8,227 | |
450/3 |
8,227 | |
492/3 |
364 | |
| Income statement | ||
9900 |
26,930 | |
630 |
3,188 | |
640/8 |
1,284 | |
9901 |
22,457 | |
75/76B |
197 | |
75 |
197 | |
65/66B |
43 | |
65 |
43 | |
9903 |
22,611 | |
67/77 |
4,828 | |
9904 |
17,783 | |
9905 |
17,783 | |
| Appropriation of the result | ||
9906 |
17,783 | |
691/2 |
17,783 | |
6920 |
17,783 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 21-04-2026 | 2026-00083319 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 25,645 | ||
| 20,971 | ||
| 23,990 | ||
| 2,344 | ||
| 63.3% | ||
| 1.18 | ||
| 0.58 | ||
| 78.1% | ||
| 49.4% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €23,990 |
| €3,188 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on NM QUALITY
Debt's share of the balance-sheet total is 36.7%.
Board & ownership
Board
1 director, no change since 2025Director
since 18-02-2025
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 21-04-2026
1 other company judicially dissolved- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 28-06-2024
Mandates through the years
2 names, the dashed line is todayVermeylen Olaf
Director
Director
SCHÜTZ Marc Michio
Director
Director
BoardEarlier
Mandates as a list
- Vermeylen Olaf
- Director, from 18-02-2025 to date
- SCHÜTZ Marc Michio
- Director, appointed by deed of 28-06-2024, until 28-02-2025
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €228 in 2025
- Source
- deed of 28-06-2024
Articles of association
deed of 28-06-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of March at 18:00
- 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
Shareholders
At incorporation
deed of 28-06-2024 ↗
- SCHÜTZ Marc Michio 100 shares (100%) · €5,000
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director was judicially dissolved (2025).
- VAN8 judicial dissolution on 03-04-2025Official Gazetteappointed in 2019, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
NM QUALITY has no parent and no holdings in its annual accounts. Vermeylen Olaf is the only director.
At the same address
Grote Bergstraat 22, 3300 Tienen · 1 other company| Achten, Steven (sole trader)
establishment since 01-07-2017 |
founded in 2017 0677.720.489 |
Earlier ties
| VN QUALITY via Vermeylen Olaf, no longer at VN QUALITY · Director · deed of 16-06-2020 founded in 2009 · accounts filed late |
total assets €158,296 (2025) |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
VAN8
via Vermeylen Olaf · Director (not named in the articles) · deed of 10-10-2024
Founded in 2012 · total assets €64,699 (2024) · accounts filed late
→
Timeline
Timeline
6 events since 2024Board
Filings
Establishments
Address
202420252026
2026
Registered office moved from Lubbeek to TienenNew registered office: Grote Bergstraat 22 te 3300 Tienen · Previous registered office: Staatsbaan 249, 3212 Lubbeek1 point ▸
- Registered-office move, Grote Bergstraat 22 te 3300 Tienen
- The deed holds 1 more point.
Annual accounts 2025 filed NBBmicro format · 9 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010803049
Company renamed from MERCATOR CONSULTING to NM QUALITYRegistered office moved from Saint-Josse-ten-Noode to Lubbeek · New registered office: Staatsbaan 249, 3210 Lubbeek · Previous registered office: Avenue du Boulevard 21, 1210 Sint-Joost-ten-Node · General meeting of 18-02-20259 points ▸
- General meeting, 18-02-2025
- Incorporation, 26-06-2024
- Name change, NM QUALITY
- Director resignation, SCHÜTZ Marc Michio
- Director discharge, SCHÜTZ Marc Michio
- Director appointment, VERMEYLEN Olaf Nicole Marcel
- Registered-office move, Staatsbaan 249, 3210 Lubbeek
- Power of attorney, Georges HOUGAERTS (geassocieerde notaris te tongeren borgloon)
- Power of attorney, Joachim PEYLS (geassocieerde notaris te tongeren borgloon)
- The deed holds 3 more points.
2024
First establishment Bolwerklaan 21, Saint-Josse-ten-Noode
IncorporationFounding capital of €5,000, 100 shares · Founder: SCHÜTZ Marc Michio · Appointment: SCHÜTZ Marc Michio (director) · published on 28-06-20245 points ▸
- Founder, SCHÜTZ Marc Michio
- Founding capital, €5,000, 100 shares
- Registered office clause, Avenue du Boulevard 21, 1210 Sint-Joost-ten-Node
- Board rule, 1
- Director appointment, SCHÜTZ Marc Michio
- The deed holds 4 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 June 2024, NM QUALITY was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2025 the company took the name NM QUALITY.3 The registered office moved to Lubbeek in 2025 and to Tienen in 2026.34 Vermeylen Olaf has served as director since 2025.5
Company details
Identity
- Enterprise number
- 1010.803.049
- VAT number
- BE 1010.803.049
- Peppol ID
- 0208:1010803049
- Other Peppol ID
- 9925:BE1010803049
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-06-2024
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of March at 18:00deed of 28-06-2024 (in Dutch)
- Peppol
- Reachable since 17-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NM QUALITY in Dutch
- Former name
- MERCATOR CONSULTING until the deed of 28-02-2025
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-06-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Brussels Hoofdstedelijke Gewest”deed of 28-06-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
43213
Specialised construction activities main activity
43410
Roofing work
Social security (RSZ) activities
43410
Roofing work main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De installatie van fotovoltaïsche installaties en andere milieutechnologieën met inbegrip van alle bijhorende werken nodig voor een goede…”deed of 28-02-2025 (in Dutch)
19 activities
- De installatie van fotovoltaïsche installaties en andere milieutechnologieën met inbegrip van alle bijhorende werken nodig voor een goede uitvoering; aan - en verkoop, installatie, beheer en verhuur van systemen van waterverwarming door middel van zonne-energie; - aan - en verkoop, installatie, beheer en verhuur van alle uitrustingen voor geothermische energieopwekking; - studiebureau; - veiligheidscoördinator; - het onderzoek naar en de ontwikkeling van allerhande toepassingen van zonne-energie en milieutechnologie, alsook de commercialisering ervan;
- Aan en verkoop, installatie, beheer en verhuur van fotovoltaïsche modules en alle aanverwante materialen die nodig zijn voor het realiseren van een fotovoltaïsche installatie, zowel aan particulieren als aan ondernemingen of andere instellingen;
- Aan en verkoop, installatie, beheer en verhuur van alle duurzame energiebronnen; - advies en onderzoek met betrekking tot fotovoltaïsche installaties;
- Het investeren in duurzame milieutechnologieën;
- Advisering van particulieren, bedrijven en overheid over duurzame energiebronnen;
- Aan en verkoop, installatie, beheer en verhuur van alle uitrustingen voor energieopwekking, koeling, airconditioning, luchtbehandeling en –zuivering, - het uitvoeren van alle bouwwerken, van algemene aanneming in de meest ruime zin;
- Het aan en verkopen, de verkoop op commissie van bouwmaterialen en bouwwerken, - het aanleggen van wegen, riolering, organiseren van bouw- en afbraakwerken, grondwerken, ...
- De studie en het opmaken van plannen, ramingen, bestekken en offerten in verband met het uitvoeren van deze bouwwerken;
- Het verlenen van technische, administratieve, financiële en commerciële bijstand in de meest ruime zin genomen aan derden of aanverwante bedrijven;
- Onderneming voor het beheer van eigen beleggingen en vermogens;
- Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, vervreemding, het beheer, de borgstelling, de uitbating, de valorisatie, de verkaveling, de ordening, de huur en verhuur, het doen bouwen en verbouwen, evenals alle welkdanige onroerende verhandelingen in de meeste brede zin, met inbegrip van onroerende leasing met uitsluiting van alle handelingen welke door de wet aan bepaalde beroepen zouden zijn voorbehouden;
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding enzovoorts;
- Managementactiviteiten van holdings: het tussenkomen in het dagelijks bestuur, het vertegenwoordigen van bedrijven op grond van het bezit op controle over het maatschappelijk kapitaal en andere;
- Alle daden van beheer, bijstand en management van industriële, handels en burgerlijke vennootschappen, zowel door rechtstreekse deelname aan het bestuur als bij wijze van managementovereenkomst, zonder dat deze opsomming beperkend is;
- Het verlenen van advies op het gebied van het beheer van humanrecources en financieel management en meer in het bijzonder het aanbrengen voor een beperkte duur van managers, en het uitvoeren van opdrachten voor bestaand management in bedrijven, overheidsdiensten of organisaties; - het deelnemen aan herstructureringen van ondernemingen en coachen van management;
- Het verlenen en het opvolgen van adviezen in het management en voor de interne en externe ontwikkelingen van de ondernemingen, organisaties, overheidsdiensten en openbare besturen;
- Advies verlenen op het vlak van informatica en bedrijfsbeheer;
- Het geven van opleidingen en verzorgen van publicaties, onder welke vorm dan ook, met betrekking tot bovenstaande activiteiten;
- Overige activiteiten in verband met administratie.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Grote Bergstraat 22 registered office 3300 Tienen | ||
| Bolwerklaan 21 1210 Saint-Josse-ten-Noode 7010001 Activities of head offices | 01-07-2024 | 2.363.218.720 |
1 former office
- Staatsbaan 249, 3212 Lubbeek until 26-06-2026 · deed of 27-07-2026
Buildings and parcels at the addresses
- Ground area
- 7,818 m²
- Buildings
- 7,160 m²
- Volume, LiDAR
- 399,064 m³
- Tallest building
- 112.9 m
Buildings to scale, each on its own parcel
Parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21014A0008/00Z010 | Brussels | 7,591 m² | 1 · 6,964 m² | 112.8 m · 22 |
| 24593H0690/00B000 | Flanders | 227 m² | 1 · 197 m² | 13.0 m · 2 |
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 1010.803.049