NR CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of NR CONSTRUCTION is 2.3% (moderate). The 2024 annual accounts show equity of €90,427 and a net result of €17,809. Equity is growing by ~22.1% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+3
Solvency55▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.46 in 2023; short-term debt: 51.5% and cash: 13.1% of total assets), and 69.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
30.4%
Return on assets
6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
44 d early
2024
45 d early
2023
40 d early
2022
39 d early
2021
29 d early
2020
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€297,416▼ 0.9%
2023 · €300,211
Net result
€17,809▲ 88.8%
2023 · €9,434
Working capital
-€67,066▲ 27.9%
2023 · -€92,991
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€0
Operating result€11,865-€46,714▲ 294%€1,032▼ 97.8%€15,381▲ 1,391%€26,095▲ 69.7%
Net result€10,788within the sector's middle half-€33,907above the sector's middle half▲ 214%-€1,511below the sector's middle half€9,434within the sector's middle half€17,809within the sector's middle half▲ 88.8%
Equity€30,788within the sector's middle half-€64,695within the sector's middle half▲ 110%€63,184within the sector's middle half▼ 2.3%€72,617within the sector's middle half▲ 14.9%€90,427within the sector's middle half▲ 24.5%
Total assets€196,699within the sector's middle half-€274,801within the sector's middle half▲ 39.7%€247,473within the sector's middle half▼ 9.9%€300,211above the sector's middle half▲ 21.3%€297,416above the sector's middle half▼ 0.9%
Debt€165,912-€210,106▲ 26.6%€184,289▼ 12.3%€227,593▲ 23.5%€206,989▼ 9.1%
Working capital-€40,022below the sector's middle half--€77,820below the sector's middle half▼ 94.4%-€72,481below the sector's middle half▲ 6.9%-€92,991below the sector's middle half▼ 28.3%-€67,066below the sector's middle half▲ 27.9%
Solvency15.7%within the sector's middle half-23.5%within the sector's middle half▲ 7.9pp25.5%within the sector's middle half▲ 2.0pp24.2%within the sector's middle half▼ 1.3pp30.4%within the sector's middle half▲ 6.2pp
Current ratio0.66below the sector's middle half-0.53below the sector's middle half▼ 0.130.53below the sector's middle half=0.46below the sector's middle half▼ 0.070.56below the sector's middle half▲ 0.10
Return on assets (ROA)5.5%within the sector's middle half-12.3%within the sector's middle half▲ 6.9pp-0.6%below the sector's middle half▼ 12.9pp3.1%within the sector's middle half▲ 3.8pp6.0%within the sector's middle half▲ 2.8pp
Staff (FTE)3.4above the sector's middle half-2.1▼ 38.2%1.1▼ 47.6%1▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 70% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €297,416
Fixed assets
€211,213 ▼ 3.9%
Current assets
€86,203 ▲ 7.3%
Equity and liabilities €297,416
Equity
€90,427 ▲ 24.5%
Debt
€206,989 ▼ 9.1%
Debt's share of the balance-sheet total falls from 75.8% to 69.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,023▲
2023 · €51,281
Cash flow
€69,737▲
2023 · €45,334
Quick ratio
0.44▼
2023 · 0.46
Debt to equity
2.29▼
2023 · 3.13
ROE
19.7%▲
2023 · 13.0%
Interest coverage
28.20▲
2023 · 16.30
Debt ≤ 1 year
€153,269▼
2023 · €173,303
Debt > 1 year
€53,720▼
2023 · €54,290
Income taxes
€6,023▲
2023 · €3,241
Staff costs
€2,399▼
2023 · €11,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,340 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% | 1.0% |
| 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% 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 26,975 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €206,172 | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €66,861 | €51,027 | €11,890 | €2,399 | ▼ 79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,726 | €27,841 | €31,746 | €35,900 | €51,928 | ▲ 44.6% |
| Other operating charges640/8 | - | €891 | €901 | €1,075 | €1,402 | ▲ 30.4% |
| Gross operating margin9900 | €174,212 | €142,307 | €84,705 | €64,246 | €81,824 | ▲ 27.4% |
| Operating profit (loss)9901 | €11,865 | €46,714 | €1,032 | €15,381 | €26,095 | ▲ 69.7% |
| Financial income75/76B | - | €292 | €172 | €439 | €504 | ▲ 14.7% |
| Recurring financial income75 | €77 | €292 | €172 | €439 | €504 | ▲ 14.7% |
| Financial charges65/66B | - | €2,009 | €2,715 | €3,146 | €2,767 | ▼ 12.1% |
| Recurring financial charges65 | €1,155 | €2,009 | €2,715 | €3,146 | €2,767 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €10,788 | €44,997 | -€1,511 | €12,674 | €23,832 | ▲ 88.0% |
| Income taxes67/77 | €0 | €11,090 | €0 | €3,241 | €6,023 | ▲ 85.9% |
| Profit (loss) for the period9904 | €10,788 | €33,907 | -€1,511 | €9,434 | €17,809 | ▲ 88.8% |
| Profit (loss) for the period to be appropriated9905 | €10,788 | €33,907 | -€1,511 | €9,434 | €17,809 | ▲ 88.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,699 | €274,801 | €247,473 | €300,211 | €297,416 | ▼ 0.9% |
| Fixed assets21/28 | €119,902 | €187,498 | €164,602 | €219,899 | €211,213 | ▼ 3.9% |
| Tangible fixed assets22/27 | €119,642 | €187,238 | €164,342 | €219,639 | €210,953 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €3,923 | €4,680 | €3,617 | €1,916 | ▼ 47.0% |
| Furniture and vehicles24 | - | €183,315 | €159,662 | €216,022 | €209,037 | ▼ 3.2% |
| Financial fixed assets28 | €260 | €260 | €260 | €260 | €260 | = |
| Current assets29/58 | €76,797 | €87,303 | €82,871 | €80,312 | €86,203 | ▲ 7.3% |
| Amounts receivable after more than one year29 | - | - | €4,320 | - | - | - |
| Other amounts receivable291 | - | - | €4,320 | - | - | - |
| Stocks and contracts in progress3 | €6,000 | €1,000 | €31,000 | €0 | €19,000 | - |
| Stocks30/36 | - | €1,000 | €1,000 | €0 | €2,000 | - |
| Contracts in progress37 | - | €0 | €30,000 | €0 | €17,000 | - |
| Amounts receivable within one year40/41 | €20,171 | €41,802 | €39,358 | €30,596 | €28,170 | ▼ 7.9% |
| Trade receivables40 | - | €26,779 | €29,266 | €15,608 | €18,467 | ▲ 18.3% |
| Other amounts receivable41 | - | €15,023 | €10,092 | €14,988 | €9,702 | ▼ 35.3% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €15,903 | €44,500 | €8,193 | €35,716 | €39,033 | ▲ 9.3% |
| Deferred charges and accrued income490/1 | - | - | €0 | €14,000 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,699 | €274,801 | €247,473 | €300,211 | €297,416 | ▼ 0.9% |
| Equity10/15 | €30,788 | €64,695 | €63,184 | €72,617 | €90,427 | ▲ 24.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €33,907 | €33,907 | €43,341 | €61,150 | ▲ 41.1% |
| Distributable reserves133 | - | €33,907 | €33,907 | €43,341 | €61,150 | ▲ 41.1% |
| Profit (loss) carried forward14 | €10,788 | €10,788 | €9,276 | €9,276 | €9,276 | = |
| Amounts payable17/49 | €165,912 | €210,106 | €184,289 | €227,593 | €206,989 | ▼ 9.1% |
| Amounts payable after more than one year17 | €49,092 | €44,984 | €28,737 | €54,290 | €53,720 | ▼ 1.0% |
| Financial debts170/4 | - | €44,984 | €28,737 | €54,290 | €53,720 | ▼ 1.0% |
| Amounts payable within one year42/48 | €116,819 | €165,122 | €155,352 | €173,303 | €153,269 | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | - | €29,753 | €16,246 | €24,698 | €24,473 | ▼ 0.9% |
| Trade debts44 | €20,321 | €69,533 | €95,414 | €89,360 | €75,848 | ▼ 15.1% |
| Suppliers440/4 | - | €69,533 | €95,414 | €89,360 | €75,848 | ▼ 15.1% |
| Bills of exchange payable441 | - | - | - | €0 | - | - |
| Taxes, remuneration and social security45 | - | €18,045 | €672 | €7,324 | €855 | ▼ 88.3% |
| Taxes450/3 | - | €10,077 | €672 | €6,843 | - | - |
| Remuneration and social security454/9 | - | €7,968 | - | €481 | €855 | ▲ 77.7% |
| Other amounts payable47/48 | - | €47,791 | €43,020 | €51,921 | €52,093 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | €0 | €200 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,788 | €33,907 | -€1,511 | €9,434 | €17,809 | ▲ 88.8% |
| + Depreciation and write-downs630 | €6,726 | €27,841 | €31,746 | €35,900 | €51,928 | ▲ 44.6% |
| Operating cash flow (approximation) | €17,514 | €61,748 | €30,234 | €45,334 | €69,737 | ▲ 53.8% |
| Investment in fixed assets (approximation) | - | -€95,437 | -€8,849 | -€91,197 | -€43,243 | ▲ 52.6% |
| Change in cash | - | €28,597 | -€36,307 | €27,523 | €3,317 | ▼ 87.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,434
Net result €9,434 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€1,511
Net result drops to -€1,511, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €33,907 ▲214%
Operating result €46,714, net result €33,907, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Durbuy · 1 establishment unit since 2019
Ground area
1,000 m²
Building footprint
182 m²
Parcel 83009B0147/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
NR CONSTRUCTION
since 20192.296.456.192
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83009B0147/00L000 | Wallonia | 1,000 m² | 1 · 182 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,766 companies in sector 41001 we hold annual accounts for 16,055. 13,178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Website
www.nrconstruction.be
E-mail
info@nrconstruction.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738810693
Also
9925:BE0738810693
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.