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NR Constructive Solutions

Active
Private limited companyfounded 2025active for 1 yearChaussée de Courtrai(FRY) 81, 7503 Tournai, BelgiumKBO/BCE: BE 1023.924.773

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426900.

Annual accounts 2025 filed on 26-08-2026 at the NBB

Turnover
≈ €85,000
Estimated: probably between €59,000 and €120,000
Total assets
€47,234
Net result
€21,793
Working capital
€21,527

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €47,234
Fixed assets €2,266
Current assets €44,968
Equity and liabilities €47,234
Equity €23,793
Debt €23,440
Debt's share of the balance-sheet total is 49.6%.
Key figures and ratios
2025 value
EBITDA
€28,193
Cash flow
€22,102
Current ratio
1.92
Debt to equity
0.99
ROE
91.6%
ROA
46.1%
Interest coverage
62.87
Debt ≤ 1 year
€23,440
Income taxes
€5,645

Comparable companies

These companies have the same main activity as NR Constructive Solutions: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €42,900 and €52,400, founded in 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
NR Constructive Solutions Tournai2025€47,234€23,793€28,243€21,7932025
LVD Consulting & Controlling Zoersel2025€50,886€30,750€29,120€20,7502025
JAWEL SOLUTIONS Sint-Jans-Molenbeek2025€51,742€22,646€33,777€22,3462025
BW Survey Stabroek2025€51,690€26,012€26,118€16,0122025
MM Sophie Beveren-Kruibeke-Zwijndrecht2025€42,851€27,905€33,669€24,9052025
HIBA SAFETY Liège2025€52,397€37,194€36,614€35,1942025
Inspectra ZH Brasschaat2025€49,067€18,017€23,253€16,0172025

They were chosen from the 1,116 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as NR Constructive Solutions has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of NR Constructive Solutions itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 11,279 companies, not a prediction for NR Constructive Solutions. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 32 lines

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

Balance sheet Code2025
Assets
Total assets20/58€47,234
Fixed assets21/28€2,266
Tangible fixed assets22/27€2,266
Plant, machinery and equipment23€2,266
Current assets29/58€44,968
Amounts receivable within one year40/41€25,955
Trade receivables40€25,955
Cash at bank and in hand54/58€19,013
Equity and liabilities
Total equity and liabilities10/49€47,234
Equity10/15€23,793
Contributions10/11€2,000
Profit (loss) carried forward14€21,793
Amounts payable17/49€23,440
Amounts payable within one year42/48€23,440
Trade debts44€1,044
Suppliers440/4€1,044
Taxes, remuneration and social security45€15,824
Taxes450/3€15,824
Other amounts payable47/48€6,572
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309
Other operating charges640/8€50
Gross operating margin9900€28,243
Operating profit (loss)9901€27,885
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€448
Recurring financial charges65€448
Profit (loss) for the period before taxes9903€27,438
Income taxes67/77€5,645
Profit (loss) for the period9904€21,793
Profit (loss) for the period to be appropriated9905€21,793
Appropriation of the result
Profit (loss) to be appropriated9906€21,793

The notes to these accounts have 5 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.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309
Other operating charges640/8€50
Gross operating margin9900€28,243
Operating profit (loss)9901€27,885
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€448
Recurring financial charges65€448
Profit (loss) for the period before taxes9903€27,438
Income taxes67/77€5,645
Profit (loss) for the period9904€21,793
Profit (loss) for the period to be appropriated9905€21,793
Line2025
Assets
Total assets20/58€47,234
Fixed assets21/28€2,266
Tangible fixed assets22/27€2,266
Plant, machinery and equipment23€2,266
Current assets29/58€44,968
Amounts receivable within one year40/41€25,955
Trade receivables40€25,955
Cash at bank and in hand54/58€19,013
Equity and liabilities
Total equity and liabilities10/49€47,234
Equity10/15€23,793
Contributions10/11€2,000
Profit (loss) carried forward14€21,793
Amounts payable17/49€23,440
Amounts payable within one year42/48€23,440
Trade debts44€1,044
Suppliers440/4€1,044
Taxes, remuneration and social security45€15,824
Taxes450/3€15,824
Other amounts payable47/48€6,572
Line2025
Profit (loss) for the period9904€21,793
+ Depreciation and write-downs630€309
Operating cash flow (approximation)€22,102

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 26-08-2026 2026-00426900 NBB

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