Nodge Construct
ActiveSummary
Nodge Construct has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,728 and a net result of -€6,431. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 25% of 11,221 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €38,728
- Loss
- -€6,431
- Parent
- Nodge · 100%
- Board
- 4 members
Why 86raises riskEquity €38,728 (6.1% of total assets)Founded in 2022lowers riskSector: Real estate activities (NACE 68)Size: total assets €636,476Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro): better than 27% on solvency, 66% on liquidity, 19% on profitability and 25% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 3 accounts on average 53 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Resignations: CO REAL ESTATE, THE WHITE…Permanent representatives: OLIVIER Cedric Bart…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than doubledcurrent ratio 7.95
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €6,323 in 2025 against €1,667 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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).
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 865 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,524 | €1,092 | €1,064 | ▼ 2.6% |
| Other operating charges640/8 | €292 | €5,365 | €546 | ▼ 89.8% |
| Gross operating margin9900 | -€6,787 | €4,789 | -€4,714 | - |
| Operating profit (loss)9901 | -€8,603 | -€1,667 | -€6,323 | ▼ 279% |
| Financial income75/76B | €0 | €2,943 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €2,943 | €0 | ▼ 100.0% |
| Financial charges65/66B | €37 | €7,477 | €108 | ▼ 98.6% |
| Recurring financial charges65 | €37 | €7,477 | €108 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | -€8,640 | -€6,201 | -€6,431 | ▼ 3.7% |
| Profit (loss) for the period9904 | -€8,640 | -€6,201 | -€6,431 | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | -€8,640 | -€6,201 | -€6,431 | ▼ 3.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €109,511 | €222,456 | €636,476 | ▲ 186% |
| Formation expenses20 | €28 | - | - | - |
| Fixed assets21/28 | €2,422 | €10,116 | €295 | ▼ 97.1% |
| Tangible fixed assets22/27 | €2,422 | €1,358 | €295 | ▼ 78.3% |
| Furniture and vehicles24 | €2,422 | €1,358 | €295 | ▼ 78.3% |
| Financial fixed assets28 | - | €8,758 | €0 | ▼ 100% |
| Current assets29/58 | €107,062 | €212,340 | €636,181 | ▲ 200% |
| Stocks and contracts in progress3 | €94,432 | €164,118 | €568,874 | ▲ 247% |
| Contracts in progress37 | €94,432 | €164,118 | €568,874 | ▲ 247% |
| Amounts receivable within one year40/41 | €11,131 | €7,663 | €30,351 | ▲ 296% |
| Trade receivables40 | €2,681 | €1,341 | €1,238 | ▼ 7.7% |
| Other amounts receivable41 | €8,450 | €6,322 | €29,113 | ▲ 360% |
| Cash at bank and in hand54/58 | €1,498 | €40,559 | €36,957 | ▼ 8.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €109,511 | €222,456 | €636,476 | ▲ 186% |
| Equity10/15 | €51,360 | €45,159 | €38,728 | ▼ 14.2% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€8,640 | -€14,841 | -€21,272 | ▼ 43.3% |
| Amounts payable17/49 | €58,152 | €177,297 | €597,748 | ▲ 237% |
| Amounts payable after more than one year17 | €36,000 | €118,000 | €484,000 | ▲ 310% |
| Financial debts170/4 | €36,000 | €118,000 | €484,000 | ▲ 310% |
| Amounts payable within one year42/48 | €21,659 | €56,869 | €79,974 | ▲ 40.6% |
| Trade debts44 | €21,659 | €35,329 | €53,289 | ▲ 50.8% |
| Suppliers440/4 | €21,659 | €35,329 | €53,289 | ▲ 50.8% |
| Advances received on contracts in progress46 | - | €21,540 | €26,685 | ▲ 23.9% |
| Accrued charges and deferred income492/3 | €493 | €2,428 | €33,774 | ▲ 14× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,640 | -€6,201 | -€6,431 | ▼ 3.7% |
| + Depreciation and write-downs630 | €1,524 | €1,092 | €1,064 | ▼ 2.6% |
| Operating cash flow (approximation) | -€7,117 | -€5,109 | -€5,368 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | -€8,786 | €8,758 | - |
| Change in cash | - | €39,060 | -€3,602 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 12-12-2025 | 2025-00580723 |
| 30-06-2024 | abbreviated format | 15-12-2024 | 2024-00616703 |
| 30-06-2023 | abbreviated format | 01-12-2023 | 2023-00520274 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 4
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| CO REAL ESTATE |
|
| SOKRIFIN |
|
| THE WHITE MONKEY |
|
| TUPPARELLO |
|
Owners and capital
Owners
1 ownerChain of control
- Nodge
- Nodge Construct
Highest known parent: Nodge. The sources do not say who stands above it.
Owners 1
- NodgeparentSourceaccounts Nodge 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- NODGE (BE 0788.555.758) 1,000 shares (100%) · €60,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-05-2026 Capital stated in the deed · 1,000 shares
- 18-07-2022 Incorporation · €60,000 · 1,000 shares
Group and network
Connections & network
11 connected companiesShow 7 more companies with a shared director
History
Acts, filings and financial milestones
27-05
Gazette deed
Resignations: CO REAL ESTATE, THE WHITE MONKEY and SOKRIFINPermanent representatives: OLIVIER Cedric Bart Annemie, DEMUYNCK Davy Roger Godard and 2 others · Reappointments: CO REAL ESTATE, THE WHITE MONKEY and SOKRIFIN · Appointment: TUPPARELLO (class A director)22 facts ▸
- General meeting, 08-05-2026
- Director resignation, CO REAL ESTATE (class A director)
- Director resignation, THE WHITE MONKEY (class B director)
- Director resignation, SOKRIFIN (class B director)
- Permanent representative, OLIVIER Cedric Bart Annemie (3 times)
- Permanent representative, DEMUYNCK Davy Roger Godard (3 times)
- Permanent representative, VANFLETEREN Kristof Alfons Luc (3 times)
- Amendment of the articles, 10
- Director reappointment, CO REAL ESTATE (class A director)
- Director reappointment, THE WHITE MONKEY (class B director)
- Director reappointment, SOKRIFIN (class B director)
- Amendment of the articles
- +10 further facts in this act
18-07
Gazette deed
IncorporationAppointments: CO REAL ESTATE, THE WHITE MONKEY and SOKRIFIN · Permanent representatives: OLIVIER Cedric Bart Annemie, DEMUYNCK Davy Roger Godard and VANFLETEREN Kristof Alfons Luc · Founder13 facts ▸
- Founder, NODGE
- Incorporation, 13-07-2022
- Founding capital, €60,000
- Bank account, “Wetboek van vennootschappen en verenigingen”, 0 (deed in Dutch)
- Other provision, “statuten, HOOFDSTUK II.- STATUTEN” (deed in Dutch)
- Director appointment, CO REAL ESTATE (class A director) (2 times)
- Permanent representative, OLIVIER Cedric Bart Annemie
- Director appointment, THE WHITE MONKEY (class B director) (2 times)
- Permanent representative, DEMUYNCK Davy Roger Godard
- Director appointment, SOKRIFIN (class B director) (2 times)
- Permanent representative, VANFLETEREN Kristof Alfons Luc
- Director appointment, CO REAL ESTATE (managing director)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 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 0788.618.017
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37012A0631/00T000 | Flanders | 535 m² | 1 · 132 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Nodge Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 12. Externe vertegenwoordiging Het collegiaal bestuursorgaan vertegenwoordigt de vennootschap jegens derden en in rechte als eiser…”
- Board ruleHow the board is made up, meets and takes decisions.
- “2, 2” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of November at 20:00