NR CONSTRUCT

Active

Private limited companyfounded 201610 yrs activeLefrancqstraat 16, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0646.800.354

The computed 12-month bankruptcy probability of NR CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €4k and a net result of €4k. Equity is shrinking by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 36378 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

79 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency99▲+72

Growth22=

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Age of the figures

21 mo

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

24 d early

2022

27 d early

2021

40 d early

2020

19 d early

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€21k▼ 75.7%

2022 · €86k

2018: €373k 2019: €192k 2020: €193k 2021: €93k 2022: €86k

2018 → 2023

EBIT margin

-148.2%▼ 151.7pp

2022 · 3.5%

2018: 6.4% 2019: 7.4% 2020: 2.9% 2021: -30.7% 2022: 3.5%

2018 → 2023

Net result

€4k

2023 · €-31k

2018: €23k 2019: €9k 2020: €6k 2021: €-33k 2022: €3k 2023: €-31k

2018 → 2024

Working capital

€2k▲ 2,009%

2023 · €78

2018: €30k 2019: €44k 2020: €55k 2021: €28k 2022: €31k 2023: €78

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€193k-€93k▼ 51.5%€86k▼ 7.7%€21k▼ 75.7%

Equity€55k-€28k▼ 48.5%€31k▲ 10.9%€78▼ 99.8%€4k▲ 4,543%

Operating result€6k-€-29k€3k€-31k€4k

Net result€6k-€-33k€3k€-31k€4k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €4k after a loss of €31k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5k

40.6%

59.4%

Fixed assets €2k

Current assets €3k

Equity and liabilities €5k

74.4%

25.6%

Equity €4k▲ 4,543%

Debt €1k▼ 73.5%

The debt ratio falls from 98.4% to 25.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€4k

Cash flow

€4k

Interest coverage

59.39

Debt

€1k▼

2023 · €5k

Debt ≤ 1 year

€1k▼

2023 · €5k

Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.

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€5k€5k▲

Fixed assets21/28-€2k

Tangible fixed assets22/27-€2k

Furniture and vehicles24-€2k

Current assets29/58€5k€3k▼

Amounts receivable within one year40/41€436€1k▲

Other amounts receivable41€436€1k▲

Cash at bank and in hand54/58€4k€2k▼

Equity and liabilities

Total equity and liabilities10/49€5k€5k▲

Equity10/15€78€4k▲

Contributions10/11€19k€19k=

Outside capital11€19k-

Share premium1100/10€19k-

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-20k€-17k▲

Amounts payable17/49€5k€1k▼

Amounts payable within one year42/48€5k€1k▼

Trade debts44€363-

Suppliers440/4€363-

Taxes, remuneration and social security45€1k€1k=

Taxes450/3€1k€1k=

Other amounts payable47/48€3k-

Income statement Code20232024

Turnover70€21k-

Goods, raw materials, services and sundry goods60/61€51k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€476

Other operating charges640/8€1k€1k▼

Gross operating margin9900€-30k€5k▲

Operating profit (loss)9901€-31k€4k▲

Financial income75/76B-€0

Recurring financial income75-€0

Non-recurring financial income76B-€0

Financial charges65/66B€153€137▼

Recurring financial charges65€47€70▲

Non-recurring financial charges66B€106€67▼

Profit (loss) for the period before taxes9903€-31k€4k▲

Profit (loss) for the period9904€-31k€4k▲

Profit (loss) for the period to be appropriated9905€-31k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-20k€-17k▲

Profit (loss) brought forward from the previous period14P€11k€-20k▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 5Filings 9

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 2.32

Current ratio from 1.02 to 2.32; short-term debt falls from €5k to €1k.

07-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

21-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-33k ▼678%

Net result drops to €-33k, the lowest in the series; recovery starts the following year.

12-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 31 days late

2019

31-12

Financial Liquidity doublescurrent ratio 3.77

Current ratio from 1.61 to 3.77; short-term debt falls from €50k to €16k.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

13-02-2024 Loutfi Adil: Resigned as Director

18-12-2018 CORMANIOS MIHAITA-GRIGUTA: Resigned as Managing director

30-06-2017 EL BOUJDAINI NOREDIN: Resigned as Managing director

Location & real-estate footprint

Registered office, Schaarbeek · 2 establishment units since 2016

establishment All 2 establishment units on the map

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.

Lefrancqstraat 161030 Schaarbeek

Ground area

397 m²

Building footprint