NSE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NSE CONSTRUCT is 1.9% (moderate). The 2024 annual accounts show negative equity (-€129,935) and a net result of -€73,121. Its solvency ranks better than 5% of 9975 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-18
Solvency0▼-7
Growth32
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.92 in 2023; short-term debt: 141.9% and cash: 6.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-61.3%
Return on assets
-34.5%
Age of the figures
21 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€129,935
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 89 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
In the rankings
#10 company by total assets in Lobbes, Construction sector
Turnover
€713,688
EBIT margin
-1.2%
Net result
-€73,121▼ 338%
2023 · -€16,680
Working capital
-€96,704▼ 257%
2023 · -€27,115
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Turnover€713,688-
Operating result-€8,415--€63,258▼ 652%
Net result-€16,680below the sector's middle half--€73,121below the sector's middle half▼ 338%
EBIT margin-1.2%-
Equity-€56,815below the sector's middle half--€129,935below the sector's middle half▼ 129%
Total assets€317,124above the sector's middle half-€212,071within the sector's middle half▼ 33.1%
Debt€373,939-€342,006▼ 8.5%
Working capital-€27,115below the sector's middle half--€96,704below the sector's middle half▼ 257%
Solvency-17.9%below the sector's middle half--61.3%below the sector's middle half▼ 43.4pp
Current ratio0.92below the sector's middle half-0.68below the sector's middle half▼ 0.24
Return on assets (ROA)-5.3%below the sector's middle half--34.5%below the sector's middle half▼ 29.2pp
Staff (FTE)7.3-5.6▼ 23.3%
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
The operating result stays negative: a loss of €63,258 in 2024 against €8,415 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €212,071
Fixed assets
€7,911 ▼ 64.9%
Current assets
€204,160 ▼ 30.7%
Key figures and ratios
EBITDA
-€57,028▼
2023 · €4,261
Cash flow
-€66,891▼
2023 · -€4,004
Debt to equity
-2.63▲
2023 · -6.58
Interest coverage
-5.71▼
2023 · 0.48
Debt ≤ 1 year
€300,865▼
2023 · €321,690
Debt > 1 year
€40,961▼
2023 · €52,249
Income taxes
€234▼
2023 · €250
Staff costs
€124,817▼
2023 · €220,911
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €713,688 | - | - |
| Non-recurring operating income76A | €3,306 | €6,639 | ▲ 101% |
| Goods, raw materials, services and sundry goods60/61 | €512,554 | - | - |
| Remuneration, social security and pensions62 | €220,911 | €124,817 | ▼ 43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,676 | €6,229 | ▼ 50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,477 | - | - |
| Other operating charges640/8 | €3,462 | €13,412 | ▲ 287% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - |
| Gross operating margin9900 | €233,110 | €81,201 | ▼ 65.2% |
| Operating profit (loss)9901 | -€8,415 | -€63,258 | ▼ 652% |
| Financial income75/76B | €811 | €353 | ▼ 56.4% |
| Recurring financial income75 | €811 | €353 | ▼ 56.4% |
| Financial charges65/66B | €8,825 | €9,982 | ▲ 13.1% |
| Recurring financial charges65 | €8,825 | €9,982 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | -€16,430 | -€72,886 | ▼ 344% |
| Income taxes67/77 | €250 | €234 | ▼ 6.2% |
| Profit (loss) for the period9904 | -€16,680 | -€73,121 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | -€16,680 | -€73,121 | ▼ 338% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €317,124 | €212,071 | ▼ 33.1% |
| Formation expenses20 | €0 | €0 | - |
| Fixed assets21/28 | €22,549 | €7,911 | ▼ 64.9% |
| Tangible fixed assets22/27 | €21,988 | €7,350 | ▼ 66.6% |
| Plant, machinery and equipment23 | €937 | €724 | ▼ 22.7% |
| Furniture and vehicles24 | €21,051 | €6,625 | ▼ 68.5% |
| Financial fixed assets28 | €561 | €561 | = |
| Current assets29/58 | €294,575 | €204,160 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €229,909 | €160,473 | ▼ 30.2% |
| Trade receivables40 | €229,189 | €150,891 | ▼ 34.2% |
| Other amounts receivable41 | €720 | €9,582 | ▲ 1,231% |
| Current investments50/53 | €30,033 | €30,145 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €29,740 | €13,003 | ▼ 56.3% |
| Deferred charges and accrued income490/1 | €4,893 | €539 | ▼ 89.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €317,124 | €212,071 | ▼ 33.1% |
| Equity10/15 | -€56,815 | -€129,935 | ▼ 129% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €41,860 | €41,860 | = |
| Non-distributable reserves130/1 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - |
| Distributable reserves133 | €40,000 | €41,860 | ▲ 4.7% |
| Profit (loss) carried forward14 | -€104,875 | -€177,995 | ▼ 69.7% |
| Amounts payable17/49 | €373,939 | €342,006 | ▼ 8.5% |
| Amounts payable after more than one year17 | €52,249 | €40,961 | ▼ 21.6% |
| Financial debts170/4 | €52,249 | €40,961 | ▼ 21.6% |
| Amounts payable within one year42/48 | €321,690 | €300,865 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | €13,066 | €11,288 | ▼ 13.6% |
| Trade debts44 | €233,817 | €188,170 | ▼ 19.5% |
| Suppliers440/4 | €233,817 | €188,170 | ▼ 19.5% |
| Taxes, remuneration and social security45 | €68,046 | €86,454 | ▲ 27.1% |
| Taxes450/3 | €27,358 | €42,183 | ▲ 54.2% |
| Remuneration and social security454/9 | €40,688 | €44,270 | ▲ 8.8% |
| Other amounts payable47/48 | €6,760 | €14,953 | ▲ 121% |
| Accrued charges and deferred income492/3 | - | €181 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€16,680 | -€73,121 | ▼ 338% |
| + Depreciation and write-downs630 | €12,676 | €6,229 | ▼ 50.9% |
| Operating cash flow (approximation) | -€4,004 | -€66,891 | ▼ 1,571% |
| Investment in fixed assets (approximation) | - | €8,409 | - |
| Change in cash | - | -€16,737 | - |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Lobbes · 1 establishment unit since 2013
Ground area
5,353 m²
Building footprint
328 m²
Volume, LiDAR
2,146 m³
2 parcels, Wallonia · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maisons Steeno
since 20132.221.024.836
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56056A0471/00A000 | Wallonia | 3,976 m² | 1 · 150 m² | 13.3 m · 2 fl. |
| 56014A0532/00G000 | Wallonia | 1,376 m² | 1 · 178 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
nseconstruct@hotmail.be
Phone
0495/810824
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536383373
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.