NRS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NRS CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €116k and a net result of €31k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 27786 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+17
Solvency79▲+25
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.2 in 2024; short-term debt: 37.3% and cash: 23.5% of total assets), and 45.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.5%
Return on assets
14.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
30 d late
2024
61 d late
2023
30 d late
2022
31 d late
2021
59 d late
2020
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▲ 36.7%
2024 · €85k
2020: €28k
2021: €65k
2022: €88k
2023: €153k
2024: €85k
2020 → 2025
Total assets
€214k▼ 27.3%
2024 · €294k
2020: €38k
2021: €88k
2022: €134k
2023: €200k
2024: €294k
2020 → 2025
Net result
€31k▲ 844%
2024 · €3k
2020: €13k
2021: €38k
2022: €23k
2023: €65k
2024: €3k
2020 → 2025
Working capital
€94k▲ 135%
2024 · €40k
2020: €13k
2021: €49k
2022: €70k
2023: €82k
2024: €40k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€88k▲ 35.1%€153k▲ 73.2%€85k▼ 44.3%€116k▲ 36.7%
Operating result€58k-€32k▼ 44.6%€92k▲ 187%€14k▼ 84.5%€56k▲ 293%
Net result€38k-€23k▼ 39.1%€65k▲ 182%€3k▼ 94.9%€31k▲ 844%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 293% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€40k ▼ 28.7%
Current assets
€174k ▼ 27.0%
Equity and liabilities €214k
Equity
€116k ▲ 36.7%
Debt
€97k ▼ 53.4%
Debt's share of the balance-sheet total falls from 71.0% to 45.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €52k
Cash flow
€67k▲
2024 · €41k
Current ratio
2.18▲
2024 · 1.20
Quick ratio
2.06▲
2024 · 1.10
Debt to equity
0.84▼
2024 · 2.45
ROE
26.8%▲
2024 · 3.9%
ROA
14.6%▲
2024 · 1.1%
Interest coverage
24.34▲
2024 · 10.27
Debt ≤ 1 year
€80k▼
2024 · €198k
Debt > 1 year
€18k▲
2024 · €11k
Income taxes
€22k▲
2024 · €7k
Staff costs
€111k▲
2024 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€294k€214k▼
Fixed assets21/28€56k€40k▼
Tangible fixed assets22/27€55k€40k▼
Plant, machinery and equipment23€2k€904▼
Furniture and vehicles24€53k€39k▼
Financial fixed assets28€145€145=
Current assets29/58€238k€174k▼
Amounts receivable after more than one year29€60k-
Other amounts receivable291€60k-
Stocks and contracts in progress3€20k€10k▼
Stocks30/36€20k€10k▼
Amounts receivable within one year40/41€119k€104k▼
Trade receivables40€110k€87k▼
Other amounts receivable41€9k€17k▲
Cash at bank and in hand54/58€19k€50k▲
Deferred charges and accrued income490/1€20k€10k▼
Equity and liabilities
Total equity and liabilities10/49€294k€214k▼
Equity10/15€85k€116k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€70k€101k▲
Amounts payable17/49€209k€97k▼
Amounts payable after more than one year17€11k€18k▲
Financial debts170/4€11k€18k▲
Amounts payable within one year42/48€198k€80k▼
Current portion of amounts payable after more than one year42€7k€12k▲
Trade debts44€89k€36k▼
Suppliers440/4€89k€36k▼
Taxes, remuneration and social security45€31k€30k▼
Taxes450/3€23k€22k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€71k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€77k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€36k▼
Other operating charges640/8€7k€5k▼
Gross operating margin9900€136k€209k▲
Operating profit (loss)9901€14k€56k▲
Financial income75/76B€900€417▼
Recurring financial income75€900€417▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€10k€53k▲
Income taxes67/77€7k€22k▲
Profit (loss) for the period9904€3k€31k▲
Profit (loss) for the period to be appropriated9905€3k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€141k€101k▼
Profit (loss) brought forward from the previous period14P€138k€70k▼
Profit to be distributed694/7€71k-
Return on contributions (dividend)694€71k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €100kEq €116k ▲36.7%
6 profitable years in a row build equity to €116k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼94.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €65k ▲182%
Operating result €92k, net result €65k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲73.2%
4 profitable years in a row build equity to €153k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Drogenbos · 2 establishment units since 2019
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.
Fleurbeekstraat 131620 DrogenbosGround area
1,797 m²
Building footprint
931 m²
Volume, LiDAR
11,188 m³
2 parcels, Brussels, Flanders · tallest building 21.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
NRS CONSTRUCT
since 20192.344.130.506
NRS Construct 2
since 20242.366.265.510
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0121/00X008 | Brussels | 1,523 m² | 1 · 869 m² | 21.0 m · 5 fl. |
| 22001B0107/00C004 | Flanders | 275 m² | 1 · 61 m² | 13.6 m · 4 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.
Similar companies · same sector, comparable size
CLEFAN
BE 0480.202.161
Lanaken · Eq €116,373
BATI PROJECT
BE 0630.623.229
Ganshoren · Eq €116,419
GH-works
BE 0477.302.257
Lille · Eq €116,354
MBM IMMO developpements
BE 0783.743.073
Sint-Pieters-Leeuw · Eq €116,354
L&D ENERGY
BE 0896.780.638
Mons · Eq €116,334
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,208 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.