NSM Construct
ActiveSummary
The computed 12-month bankruptcy probability of NSM Construct is 4.3% (elevated). The 2024 annual accounts show equity of €100,481 and a net result of €99,802. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% 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
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.3% 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 497,662 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 26,970 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €661 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,558 | €8,593 | €8,843 | €8,501 | €9,839 | ▲ 15.7% |
| Other operating charges640/8 | - | €491 | €430 | €28 | €424 | ▲ 1,438% |
| Gross operating margin9900 | €23,060 | -€4,963 | €13,878 | -€380 | €133,765 | ▲ 35,315% |
| Operating profit (loss)9901 | €17,670 | -€14,047 | €4,605 | -€8,909 | €123,502 | ▲ 1,486% |
| Financial income75/76B | - | €208 | - | €0 | - | - |
| Recurring financial income75 | - | €208 | - | €0 | - | - |
| Financial charges65/66B | - | €32 | €9 | €107 | - | - |
| Recurring financial charges65 | €77 | €32 | €9 | €107 | - | - |
| Profit (loss) for the period before taxes9903 | €17,593 | -€13,871 | €4,596 | -€9,015 | €123,502 | ▲ 1,470% |
| Income taxes67/77 | €3,612 | - | €12 | - | €23,700 | - |
| Profit (loss) for the period9904 | €13,981 | -€13,871 | €4,584 | -€9,015 | €99,802 | ▲ 1,207% |
| Profit (loss) for the period to be appropriated9905 | €13,981 | -€13,871 | €4,584 | -€9,015 | €99,802 | ▲ 1,207% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,280 | €293,485 | €213,322 | €31,361 | €148,404 | ▲ 373% |
| Fixed assets21/28 | €23,665 | €32,575 | €23,732 | €15,231 | €5,392 | ▼ 64.6% |
| Tangible fixed assets22/27 | €23,665 | €32,575 | €23,732 | €15,231 | €5,392 | ▼ 64.6% |
| Plant, machinery and equipment23 | - | €14,252 | €10,751 | €7,251 | €1,416 | ▼ 80.5% |
| Furniture and vehicles24 | - | €18,323 | €12,981 | €7,980 | €3,976 | ▼ 50.2% |
| Current assets29/58 | €63,615 | €260,910 | €189,590 | €16,130 | €143,013 | ▲ 787% |
| Amounts receivable within one year40/41 | €23,466 | €258,644 | €189,482 | €15,815 | €142,907 | ▲ 804% |
| Trade receivables40 | - | €257,452 | €189,420 | €15,535 | €142,488 | ▲ 817% |
| Other amounts receivable41 | - | €1,192 | €62 | €281 | €419 | ▲ 49.5% |
| Cash at bank and in hand54/58 | €40,122 | €2,239 | €80 | €315 | €105 | ▼ 66.5% |
| Deferred charges and accrued income490/1 | - | €27 | €28 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,280 | €293,485 | €213,322 | €31,361 | €148,404 | ▲ 373% |
| Equity10/15 | €18,981 | €5,110 | €9,694 | €679 | €100,481 | ▲ 14,694% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €700 | €700 | €700 | €700 | €700 | = |
| Non-distributable reserves130/1 | - | €700 | €700 | €700 | €700 | = |
| Reserves not available under the articles1311 | - | €700 | €700 | €700 | €700 | = |
| Profit (loss) carried forward14 | €13,281 | -€590 | €3,994 | -€5,021 | €94,781 | ▲ 1,988% |
| Amounts payable17/49 | €68,299 | €288,375 | €203,628 | €30,681 | €47,923 | ▲ 56.2% |
| Amounts payable within one year42/48 | €68,299 | €275,875 | €203,628 | €30,681 | €47,923 | ▲ 56.2% |
| Trade debts44 | €52,860 | €267,984 | €202,619 | €26,393 | €19,935 | ▼ 24.5% |
| Suppliers440/4 | - | €267,984 | €202,619 | €26,393 | €19,935 | ▼ 24.5% |
| Taxes, remuneration and social security45 | - | €3,612 | - | - | €23,700 | - |
| Taxes450/3 | - | €3,612 | - | - | €23,700 | - |
| Other amounts payable47/48 | - | €4,279 | €1,009 | €4,288 | €4,288 | = |
| Accrued charges and deferred income492/3 | - | €12,500 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,981 | -€13,871 | €4,584 | -€9,015 | €99,802 | ▲ 1,207% |
| + Depreciation and write-downs630 | €4,558 | €8,593 | €8,843 | €8,501 | €9,839 | ▲ 15.7% |
| Operating cash flow (approximation) | €18,539 | -€5,278 | €13,427 | -€514 | €109,641 | ▲ 21,428% |
| Investment in fixed assets (approximation) | - | -€17,503 | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | -€37,883 | -€2,159 | €235 | -€209 | ▼ 189% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0008/00K000 | Flanders | 1.4 ha | 1 · 2,738 m² | 8.4 m · 2 fl. |
| 21572B0079/00C002 | Brussels | 202 m² | 1 · 104 m² | 18.2 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.