NT PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of NT PROJECT is 3.1% (moderate). The 2025 annual accounts show equity of €140,600 and a net result of €52,584. Equity is growing by ~48.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 28184 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
Axes · tick = 2024
Profitability91▲+4
Solvency73▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.19 in 2024; short-term debt: 52.1% and cash: 24.1% of total assets), and 52.1% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
47.9%
Return on assets
17.9%
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 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
58 d late
2023
21 d late
2022
71 d late
2021
31 d late
2020
51 d late
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 2025, micro schema
Equity
€140,600▲ 59.7%
2024 · €88,016
Total assets
€293,514▲ 85.6%
2024 · €158,103
Net result
€52,584▲ 131%
2024 · €22,761
Working capital
€60,200▲ 362%
2024 · €13,017
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,832▲ 64.0%€9,972▼ 59.8%€28,430▲ 185%€30,969▲ 8.9%€74,110▲ 139%
Net result€19,033▲ 61.3%€6,554▼ 65.6%€20,032▲ 206%€22,761▲ 13.6%€52,584▲ 131%
Equity€38,668▲ 96.9%€45,222▲ 16.9%€65,254▲ 44.3%€88,016▲ 34.9%€140,600▲ 59.7%
Total assets€60,531▲ 91.8%€137,436▲ 127%€114,643▼ 16.6%€158,103▲ 37.9%€293,514▲ 85.6%
Debt€21,863▲ 83.4%€92,214▲ 322%€49,389▼ 46.4%€70,087▲ 41.9%€152,914▲ 118%
Working capital€33,558▲ 70.9%-€28,440-€4,578▲ 83.9%€13,017€60,200▲ 362%
Staff (FTE)1.31.3=1▼ 23.1%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +86% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 139% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293,514
Fixed assets
€80,400 ▲ 7.2%
Current assets
€213,114 ▲ 156%
Equity and liabilities €293,514
Equity
€140,600 ▲ 59.7%
Debt
€152,914 ▲ 118%
Debt's share of the balance-sheet total rises from 44.3% to 52.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81,557▲
2024 · €35,602
Cash flow
€60,032▲
2024 · €27,394
Current ratio
1.39▲
2024 · 1.19
Debt to equity
1.09▲
2024 · 0.80
ROE
37.4%▲
2024 · 25.9%
ROA
17.9%▲
2024 · 14.4%
Interest coverage
32.71▲
2024 · 16.96
Debt ≤ 1 year
€152,914▲
2024 · €70,087
Income taxes
€21,015▲
2024 · €6,785
Staff costs
€5,281▼
2024 · €39,447
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 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
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €43,032 | €44,613 | €39,561 | €39,447 | €5,281 | ▼ 86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,043 | €3,830 | €4,633 | €7,448 | ▲ 60.8% |
| Other operating charges640/8 | €1,169 | €671 | €926 | €772 | €1,687 | ▲ 119% |
| Non-recurring operating charges66A | - | - | €493 | - | - | - |
| Gross operating margin9900 | €69,033 | €58,298 | €73,239 | €75,821 | €88,525 | ▲ 16.8% |
| Operating profit (loss)9901 | €24,832 | €9,972 | €28,430 | €30,969 | €74,110 | ▲ 139% |
| Financial income75/76B | €1 | €3 | €24 | €677 | €1,983 | ▲ 193% |
| Recurring financial income75 | €1 | €3 | €24 | €677 | €1,983 | ▲ 193% |
| Financial charges65/66B | €648 | €391 | €2,501 | €2,100 | €2,493 | ▲ 18.7% |
| Recurring financial charges65 | €648 | €391 | €2,501 | €2,100 | €2,493 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | €24,184 | €9,584 | €25,953 | €29,546 | €73,599 | ▲ 149% |
| Income taxes67/77 | €5,151 | €3,030 | €5,920 | €6,785 | €21,015 | ▲ 210% |
| Profit (loss) for the period9904 | €19,033 | €6,554 | €20,032 | €22,761 | €52,584 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €19,033 | €6,554 | €20,032 | €22,761 | €52,584 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,531 | €137,436 | €114,643 | €158,103 | €293,514 | ▲ 85.6% |
| Fixed assets21/28 | €5,110 | €73,662 | €69,832 | €74,998 | €80,400 | ▲ 7.2% |
| Tangible fixed assets22/27 | €5,000 | €73,552 | €69,722 | €74,888 | €80,290 | ▲ 7.2% |
| Land and buildings22 | - | €73,552 | €69,722 | €65,892 | €62,062 | ▼ 5.8% |
| Furniture and vehicles24 | - | - | - | €8,996 | €18,228 | ▲ 103% |
| Assets under construction and advance payments27 | €5,000 | - | - | - | - | - |
| Financial fixed assets28 | €110 | €110 | €110 | €110 | €110 | = |
| Current assets29/58 | €55,421 | €63,774 | €44,811 | €83,105 | €213,114 | ▲ 156% |
| Amounts receivable within one year40/41 | €23,037 | €35,168 | €40 | €20,061 | €139,983 | ▲ 598% |
| Trade receivables40 | €22,896 | €35,168 | - | - | €82,590 | - |
| Other amounts receivable41 | €140 | - | €40 | €20,061 | €57,393 | ▲ 186% |
| Cash at bank and in hand54/58 | €32,384 | €27,772 | €44,771 | €63,044 | €70,823 | ▲ 12.3% |
| Deferred charges and accrued income490/1 | - | €834 | - | - | €2,308 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,531 | €137,436 | €114,643 | €158,103 | €293,514 | ▲ 85.6% |
| Equity10/15 | €38,668 | €45,222 | €65,254 | €88,016 | €140,600 | ▲ 59.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | - | €50,000 | - |
| Distributable reserves133 | - | - | - | - | €50,000 | - |
| Profit (loss) carried forward14 | €32,468 | €39,022 | €59,054 | €81,816 | €84,400 | ▲ 3.2% |
| Amounts payable17/49 | €21,863 | €92,214 | €49,389 | €70,087 | €152,914 | ▲ 118% |
| Amounts payable within one year42/48 | €21,863 | €92,214 | €49,389 | €70,087 | €152,914 | ▲ 118% |
| Trade debts44 | €9,368 | €20,601 | €35,862 | €8,636 | €133,454 | ▲ 1,445% |
| Suppliers440/4 | €9,368 | €20,601 | €35,862 | €8,636 | €133,454 | ▲ 1,445% |
| Advances received on contracts in progress46 | - | - | - | €52,658 | - | - |
| Taxes, remuneration and social security45 | €12,080 | €8,813 | €9,322 | €8,794 | €19,461 | ▲ 121% |
| Taxes450/3 | €5,789 | €4,507 | €8,627 | €6,785 | €16,715 | ▲ 146% |
| Remuneration and social security454/9 | €6,291 | €4,306 | €694 | €2,009 | €2,746 | ▲ 36.7% |
| Other amounts payable47/48 | €415 | €62,800 | €4,205 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,033 | €6,554 | €20,032 | €22,761 | €52,584 | ▲ 131% |
| + Depreciation and write-downs630 | - | €3,043 | €3,830 | €4,633 | €7,448 | ▲ 60.8% |
| Operating cash flow (approximation) | €19,033 | €9,597 | €23,862 | €27,394 | €60,032 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€71,594 | €0 | -€9,799 | -€12,850 | ▼ 31.1% |
| Change in cash | - | -€4,613 | €17,000 | €18,272 | €7,779 | ▼ 57.4% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2019net €52,584 ▲131%
Operating result €74,110, net result €52,584, both a record.
31-12
Financial
Equity above €100,000Eq €140,600 ▲59.7%
7 profitable years in a row build equity to €140,600.
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2019
Ground area
1,476 m²
Building footprint
531 m²
Volume, LiDAR
6,746 m³
2 parcels, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Waterloosesteenweg 1143, 1180 Ukkel
since 20192.294.657.932
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0294/00F020 | Brussels | 1,084 m² | 1 · 146 m² | 16.9 m · 4 fl. |
| 21016B0040/00B018 | Brussels | 391 m² | 1 · 385 m² | 19.4 m · 5 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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Of 7,300 companies in sector 43350 we hold annual accounts for 2,361. 1,919 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
Contact
Website
www.nt-project.be
E-mail
ntpro@outlook.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721664855
Also
9925:BE0721664855
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.