Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of NST CONSTRUCT is 6.5% (elevated). The 2024 annual accounts show equity of €30k and a net result of €-47k. Its solvency ranks better than 31% of 11120 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone6.5%
Elevated
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 28 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2026, 315 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 11-06-2026 | 315 d late | 2026-00158709 |
| 31-12-2023 | 31-07-2024 | 20-06-2024 | 41 d early | 2024-00145209 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€511k
EBIT margin-10.2%
Net result€-47k
Working capital€30k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 11-06-2026 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.2% | 40.9% | |
| Net result | €-47k | €11k | |
| Equity | €30k | €34k | |
| Gross operating margin | €-52k | €35k | |
| Total assets | €121k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €511k |
| EBITDA | - |
| Net profit | €-47k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €121k |
| Equity | €30k |
| Debt | €91k |
| of which ≤ 1y | €91k |
| of which > 1y | - |
| Working capital | €30k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.33 |
| Quick ratio | 1.33 |
| Working capital ratio | 24.5% |
| Solvency | 25.2% |
| Debt / equity | 2.98 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | -12.0% |
| Net margin | -9.3% |
| ROA | -39.1% |
| ROE | -155.3% |
| EBITDA margin | - |
| Days sales outstanding | 8d |
| Days payable outstanding | 39d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €121k |
| Fixed assets | 21/28 | €800 |
| Financial fixed assets | 28 | €800 |
| Current assets | 29/58 | €120k |
| Amounts receivable within one year | 40/41 | €111k |
| Cash & bank | 54/58 | €9k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €121k |
| Equity | 10/15 | €30k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €28k |
| Amounts payable | 17/49 | €91k |
| Amounts payable within one year | 42/48 | €91k |
| Trade debts payable within one year | 44 | €62k |
| Income statement | ||
| Turnover | 70 | €511k |
| Gross operating margin | 9900 | €-52k |
| Operating result | 9901 | €-52k |
| Financial income | 75 | €5k |
| Financial charges | 65 | €88 |
| Result before taxes | 9903 | €-47k |
| Net result for the period | 9904 | €-47k |
| Result to be appropriated | 9905 | €-47k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed50
/ 100
Fair
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directors4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current11-07-2024 → present
Former directors (2)
-
Former11-07-2024 → 05-11-2025
2 events
- 05-11-2025 Resigned· Director
- 11-07-2024 Appointed· Director
-
Former- → 11-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige gespecialiseerde bouwactiviteiten, neg(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 17-11-2022 |
| Status | Active |
| Postal code | 1020 |
Structure & network
Connections & network
6 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 2 more network connections
Shared address
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Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerParcels1
Ground area132 m²
Buildings1
Building footprint64 m²
Volume (LiDAR)625 m³
Tallest building12.4 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0003/00D070 | Brussels | 132 m² | 1 · 64 m² | 12.4 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Address history · 1
22-05-2023
v3.2
All acts · 4
updated 7 months ago
2026
07-01-2026 Sergiu Gabriel Marin resigns as director
2024
11-07-2024 2 directors appointed, 1 resigning
- Sergiu Gabriel Marin, Bestuurder
- Ungureanu Daniel Toader, Bestuurder
- Felipe de Macedo Débora, Bestuurder
Summary:
v3.2
2023
22-05-2023 Registered office moved within Bruxelles
- RUE FRANCOIS VEKEMANS 89, 1120 BRUXELLES → Avenue des Croix de Guerre 311, 1120 Bruxelles
Summary:
v3.2
2022
21-11-2022 Incorporation of a new SRL
Summary:
oprichting
Analysis
Financial profile
4 of 5 axes measured44
/ 100
Fragile profile, watch profitability in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
50
Profitability
0
Solvency
45
Growth
-
Stability
79
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,016 of the 15,528 companies in this sector. 1,788 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Stukadoorswerk43310Schrijnwerk43320Chapewerken43422
Primary activity highlighted.
Names & trade names
| Legal nameFR | NST CONSTRUCT |
Registered office
Houba de Strooperlaan 594 bus 1
1020 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.