NMN CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for NMN CONSTRUCT according to publications in the Belgian State Gazette; curator: ERIC FLAMéE. The file additionally contains 1 administrative flag. The 2024 annual accounts show equity of €2k and a net result of €-326k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 493 sector peers (2024).
NBB · sector comparisonPosition among 493 sector peers
Solvency
better than 6%
← weakest
strongest →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, abbreviated schema
Equity
€2k▼ 99.4%
2023 · €328k
2022: €19k
2023: €328k
2022 → 2024
Total assets
€869k▲ 11.9%
2023 · €777k
2022: €232k
2023: €777k
2022 → 2024
Net result
€-326k
2023 · €306k
2022: €19k
2023: €306k
2022 → 2024
Working capital
€-178k
2023 · €165k
2022: €7k
2023: €165k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€19k-€328k▲ 1,655%€2k▼ 99.4%
Operating result€36k-€384k▲ 969%€-321k
Net result€19k-€306k▲ 1,539%€-326k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €321k after €384k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €869k
Fixed assets
€207k▼ 33.1%
Current assets
€662k▲ 41.7%
Equity and liabilities €869k
Equity
€2k▼ 99.4%
Debt
€867k▲ 93.3%
The debt ratio rises from 57.8% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-234k▼
2023 · €461k
Cash flow
€-239k▼
2023 · €384k
Solvency
0.2%▼
2023 · 42.2%
Current ratio
0.79▼
2023 · 1.54
Quick ratio
0.79▼
2023 · 1.54
ROA
-37.5%▼
2023 · 39.5%
Interest coverage
-45.55▼
2023 · 68.80
Debt
€867k▲
2023 · €449k
Debt ≤ 1 year
€840k▲
2023 · €303k
Debt > 1 year
€27k▼
2023 · €146k
Staff costs
€368k▲
2023 · €214k
A ratio outside any meaningful range has been withheld (balance sheet total €869k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€777k€869k▲
Fixed assets21/28€309k€207k▼
Tangible fixed assets22/27€306k€204k▼
Plant, machinery and equipment23€47k€38k▼
Furniture and vehicles24€115k€73k▼
Leasing and similar rights25€144k€93k▼
Financial fixed assets28€3k€3k=
Current assets29/58€468k€662k▲
Amounts receivable within one year40/41€458k€659k▲
Trade receivables40€159k€630k▲
Other amounts receivable41€300k€29k▼
Cash at bank and in hand54/58€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€777k€869k▲
Equity10/15€328k€2k▼
Contributions10/11€3k€3k=
Reserves13€325k€325k=
Tax-exempt reserves132€306k€306k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14-€-326k
Amounts payable17/49€449k€867k▲
Amounts payable after more than one year17€146k€27k▼
Financial debts170/4€146k€27k▼
Amounts payable within one year42/48€303k€840k▲
Current portion of amounts payable after more than one year42-€59k
Trade debts44-€694k
Suppliers440/4-€694k
Taxes, remuneration and social security45€274k€88k▼
Taxes450/3€250k€82k▼
Remuneration and social security454/9€25k€6k▼
Other amounts payable47/48€29k-
Income statement
Code20232024
Remuneration, social security and pensions62€214k€368k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€87k▲
Other operating charges640/8€12k€8k▼
Non-recurring operating charges66A€3k€19k▲
Gross operating margin9900€691k€160k▼
Operating profit (loss)9901€384k€-321k▼
Financial income75/76B€12€377▲
Recurring financial income75€12€0▼
Non-recurring financial income76B-€377
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€377k€-326k▼
Income taxes67/77€70k-
Profit (loss) for the period9904€306k€-326k▼
Profit (loss) for the period to be appropriated9905€306k€-326k▼
Appropriation of the result
Profit (loss) to be appropriated9906€306k€-326k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€306k-
To other reserves6921€306k-
Social balance
Average headcount (FTE)9087-367,771.9
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · NMN CONSTRUCT BV HUNDELGEMSESTEENWEG 722/A, 9820 MERELBEKE-MELLE · event 12-05-2026
2025
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 135 days late
04-04
KBO administration
Address struck
Weverboslaan 1 9050 Die Sitzadresse Weverboslaan 1 9050 Gent
Gent · event 27-03-2025
2024
31-12
Financial
Weakest financial yearnet €-326k ▼206%
Net result drops to €-326k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 204 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 204 days late
2023
31-12
Financial
Highest result since 2022net €306k ▲1539%
Operating result €384k, net result €306k, both a record.
31-12
Financial
Equity above €200kEq €328k ▲1655%
2 profitable years in a row build equity to €328k.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Merelbeke-Melle · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hundelgemsesteenweg 7229820 Merelbeke-MelleGround area
1,849 m²
Building footprint
317 m²
Volume, LiDAR
2,133 m³
2 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NMN CONSTRUCT
since 20212.323.798.811
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0293/00V000 | Flanders | 1,565 m² | 1 · 150 m² | 12.8 m · 3 fl. |
| 44022A0614/00P007 | Flanders | 284 m² | 1 · 167 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ERIC FLAMéE EILAND 27, 9520 SINT-LIEVENS-
HOUTEM- .
27553
BELGISCH STAATSBLAD — 19.05.2026 — MONITEUR BELGE |
12-05-2026 → present |
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2021
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.