NT Projects
ActiveSummary
NT Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,892) and a net result of -€25,892. Its solvency ranks better than 10% of 2,767 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Activity
General construction of other non-residential buildings
NACE 41003General construction of residential buildings NACE 41001
7th largest company by total assets in Olen, Construction sector1 site
Size
€8.4mtotal assets 2025
- Equity
- -€20,892
- Loss
- -€25,892
Turnover not published (abbreviated format)
Why 53raises riskCapped at 59: negative equitySector: Construction of residential and non-residential buildings (NACE 41)Founded in 2024Negative equity -€20,892lowers riskSize: total assets €8.4mShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 41, small)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency
25
equity -0.2% of total assets
Liquidity
7
short-term debt 84.7% · cash 3.3%
Profitability
25
return on assets -0.3%
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 3.6%
05-2025: 3.6%● unchanged vs 04-2025
06-2025: 3.8%▲ +0.2 percentage points vs 05-2025
07-2025: 4.1%▲ +0.3 percentage points vs 06-2025
08-2025: 4.2%▲ +0.1 percentage points vs 07-2025
09-2025: 4.6%▲ +0.4 percentage points vs 08-2025
10-2025: 5.0%▲ +0.4 percentage points vs 09-2025
11-2025: 5.0%● unchanged vs 10-2025
12-2025: 4.8%▼ -0.2 percentage points vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 5.1%▲ +0.3 percentage points vs 01-2026
03-2026: 5.3%▲ +0.2 percentage points vs 02-2026
04-2026: 5.3%● unchanged vs 03-2026highest value
05-2026: 5.3%● unchanged vs 04-2026highest value
06-2026: 5.3%● unchanged vs 05-2026highest value
07-2026: 5.3%● unchanged vs 06-2026highest value
08-2026: 5.3%● unchanged vs 07-2026highest value
09-2026: 1.5%▼ -3.8 percentage points vs 08-2026lowest value
10-2026: 1.5%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity tight (current ratio 1.18, below the usual 1.5; short-term debt: 84.7% and cash: 3.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small): better than 6% on solvency, 8% on liquidity and 14% on profitability.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
26 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointments: THYS Niels (director) and…
Financials · financial year 2025, abbreviated format
In the rankings
#7 company by total assets in Olen, Construction sector
Equity
-€20,892
Total assets
€8.4m
Net result
-€25,892
Working capital
€1.3m
Turnover and EBIT margin not published: the abbreviated format does not require them.
Key figures and ratios
EBITDA
€90,986
Cash flow
-€25,212
Solvency
-0.2%
Current ratio
1.18
Quick ratio
0.16
ROA
-0.3%
Interest coverage
0.77
Debt
€8.4m
Debt ≤ 1 year
€7.1m
Debt > 1 year
€1.3m
Income taxes
€3,646
A ratio outside any meaningful range has been withheld (balance sheet total €8.4m, equity -€20,892).
Peer companies
Historical observationOf the 473 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95.3% are still going.
- Medium-sized
- negative equity
- a small loss
- without age
1.5%
went bankrupt
2.7%
stopped otherwise
95.3%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 473 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €680 |
| Other operating charges640/8 | €220 |
| Gross operating margin9900 | €91,206 |
| Operating profit (loss)9901 | €90,306 |
| Financial income75/76B | €6,259 |
| Recurring financial income75 | €6,259 |
| Financial charges65/66B | €118,813 |
| Recurring financial charges65 | €118,813 |
| Profit (loss) for the period before taxes9903 | -€22,247 |
| Income taxes67/77 | €3,646 |
| Profit (loss) for the period9904 | -€25,892 |
| Profit (loss) for the period to be appropriated9905 | -€25,892 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €8.4m | |
| Current assets29/58 | €8.4m | |
| Stocks and contracts in progress3 | €7.3m | |
| Stocks30/36 | €7.3m | |
| Amounts receivable within one year40/41 | €0.9m | |
| Trade receivables40 | €0.3m | |
| Other amounts receivable41 | €0.6m | |
| Cash at bank and in hand54/58 | €0.3m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €8.4m | |
| Equity10/15 | -€0.02m | |
| Contributions10/11 | €0.005m | |
| Profit (loss) carried forward14 | -€0.03m | |
| Amounts payable17/49 | €8.4m | |
| Amounts payable after more than one year17 | €1.3m | |
| Financial debts170/4 | €1.3m | |
| Amounts payable within one year42/48 | €7.1m | |
| Financial debts43 | €2.2m | |
| Credit institutions430/8 | €2.2m | |
| Trade debts44 | €0.1m | |
| Suppliers440/4 | €0.1m | |
| Taxes, remuneration and social security45 | €0.2m | |
| Taxes450/3 | €0.2m | |
| Other amounts payable47/48 | €4.6m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€25,892 |
| + Depreciation and write-downs630 | €680 |
| Operating cash flow (approximation) | -€25,212 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00461241 |
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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 the 2,412 active companies whose main activity is general construction of other non-residential buildings (NACE 41003), figures are known for 1,070. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2024
THYS Marcel Gummarus
CurrentDirector · since 22-03-2024
THYS Niels
CurrentDirector · since 22-03-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
2 people since 2024, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| THYS Marcel Gummarus |
|
| THYS Niels |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
T-N-T Vastgoed
via THYS Niels and THYS Marcel Gummarus · Director (not named in the articles)
→
History
Acts, filings and financial milestones
2026
26-08
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 26 days late
2024
22-03
Gazette deed
IncorporationAppointments: THYS Niels (director) and THYS Marcel Gummarus (director) · Founding capital · Bank account11 facts ▸
Gazette deed
Incorporation
Appointments: THYS Niels (director) and THYS Marcel Gummarus (director) · Founding capital · Bank account11 facts ▸
- Founding capital, €5,000
- Bank account, “bijzondere rekening namens vennootschap in oprichting”, EUR (deed in Dutch)
- Other provision, 15-03-2024
- Other provision, “uitwerking overgangs- en slotbepalingen, slechts uitwerking vanaf neerlegging ter griffie van uitgifte oprichtingsakte” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen door oprichter in naam en voor rekening van vennootschap…” (deed in Dutch)
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, THYS Niels (director)
- Director appointment, THYS Marcel Gummarus (director)
- Incorporation, 15-03-2024
- Founder, THYS Niels
- Other provision, “verklaring wettelijke samenwoning, ongehuwd” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded20-03-2024
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:1007365487
Also
9925:BE1007365487
Registered
01-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1007.365.487
Environmental permits
1 application in Flanders since 2024 · 1 granted
Bouwen of herbouwen
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 2024
Ground area
1,399 m²
Building footprint
208 m²
Building volume
1,697 m³
Parcel 13029E0118/00V002, Flanders · tallest building 11.3 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NT Projects
since 2024unit no. 2.358.026.151
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13029E0118/00V002 | Flanders | 1,399 m² | 1 · 208 m² | 11.3 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Schrijnwerkerij in de ruimste zin van het woord; Onderneming voor het bouwen,aanleggen en onderhouden van wegen,tuinen en klinkerwerken…” (deed in Dutch)
55 activities (deed in Dutch)
- Schrijnwerkerij in de ruimste zin van het woord.
- Onderneming voor het bouwen,aanleggen en onderhouden van wegen,tuinen en klinkerwerken.
- Onderneming voor het plaatsen van afsluitingen en schutsels,het bouwen en onderhouden van zwembaden.
- Onderneming voor het aanplanten van bomen en diverse aanplantingen.
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in metaal.
- Algemene tuinwerken,verhardingswerken,grondwerken en beplantingen.
- De interieurinrichting en binnenhuisarchitectuur in het algemeen,de meubilering,de decoratie en verbouwing van gebouwen;dit alles in de ruimste zin.Het verstrekken van advies en alle diensten die betrekking hebben op interieurinrichting,meubilering en de verbouwing van gebouwen.
- De handel in meubelen en alle artikelen,die betrekking hebben op de binnenhuisinrichting.
- Optreden als adviseur en coördinator bij de uitvoering van deze werken en bij de uitvoering van bouwwerken in het algemeen.
- Het afwerken van stoelen en zitmeubels,zoals stofferen.
- Het plaatsen van tussenwanden van gipsplaten.
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzovoort,in metaal.
- Plaatsen van behang.
- Het schilderen van binnen- en buitenwerk van gebouwen.
- De installatie van binnendeuren,scheidingswanden enzovoort van glas.
- De montage van buiten- en binnenschrijnwerk van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort.
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzovoort in hout of kunststof.
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken enzovoort in hout of kunststof.
- De installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof.
- Plaatsen van vloer- en wandtegels.
- Overige werkzaamheden in verband met de afwerking van gebouwen,niet eerder genoemd.
- De handel onder al zijn vormen(groot- en kleinhandel,aan- en verkoop,import en export,vertegenwoordiging,makelarij,commissie).
- De preparatie,fabricatie,assembleren,ontwerpen,bewerken,afwerken,verwerken,herstellen,plaatsen,uitvoeren,de constructie en de installatie van allerhande meubelen,voorwerpen en interieurobjecten in allerhande materialen(hout,metaal,kunststof).
- Onderneming voor slopingswerken van gebouwen,omvattende eveneens vereffenen en wegruimen.
- De constructie en herstelwerkplaats van industrieel materieel,herstelling en onderhoud van eigen materieel;handel in bouwmaterialen,hetzij als afzonderlijk element of samengesteld.
- Isolatiewerkzaamheden.
- Plaatsen in gebouwen en andere bouwwerken van:parket en andere houten vloerbedekking,wandbekleding van hout.
- Behandelen van muren met vochtwerende en waterafstotende producten.
- Plaatsen van dakgoten en regenafvoerbuizen.
- Vervaardiging van deuren,ramen,kozijnen,luiken,jaloeziën,plinten,staaflijsten,enzovoort,uit kunststof.
- Vervaardiging van metalen constructiewerken of gebinten voor de bouw.
- Vervaardiging van metalen constructiewerken voor industriële uitrusting(bijvoorbeeld hoogovens,hijs- en hefwerktuigen,enzovoort).
- Vervaardiging van geprefabriceerde gebouwen,overwegend van metaal:bouwketen,modulaire tentoonstellingselementen,telefooncellen,enzovoort.
- Montage van buiten- en binnenschrijnwerk van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort.
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enzovoort.in hout of kunststof.
- Installaties van geblindeerde deuren en brandwerende deuren in hout of kunststof.
- Montage van serres,veranda’s enzovoort.in hout of kunststof.
- Montage van buiten- en binnenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichting;enzovoort.
- Installaties van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzovoort in metaal.
- Installaties van geblindeerde deuren en brandwerende deuren in metaal.
- Plaatsen van vloerbedekking en wandbekleding van hout.
- Plaatsen van behang en vloerbedekking en wandbekleding van andere metalen.
- Reinigen ven nieuwe gebouwen na beëindiging van de bouwwerkzaamheden.
- Plaatsen van dakgoten en regenafvoerbuizen.
- Alle beheersverrichtingen en alle verrichtingen in verband met onroerende goederen,zoals onder meer het bouwen,laten bouwen,verbouwen,inrichten,valoriseren,huren,verhuren,onderverhuren,kopen,verkopen,verwerven,in onroerende leasing geven of nemen,en onder alle mogelijke vormen exploiteren,ontwikkelen,valoriseren van alle mogelijke onbebouwde en bebouwde,ongebouwde en gebouwde onroerende goederen;het verwerven en beheren van vruchtgebruik op onroerend goed,het verstrekken van leningen en financieringen onder alle mogelijk vormen aan derden binnen het kader van de wettelijke bepalingen en de bestuurlijke voorschriften;het verrichten van schattingen en expertises inzake alle mogelijke onroerende goederen;het verhandelen van alle bouwmaterialen;dit alles in binnen- en buitenland,als hoofdaannemer of als onderaannemer,als hoofdhandelaar of concessionaris of als depositaris,zowel voor eigen rekening als voor derden,hetzij rechtstreeks of onrechtstreeks,en dit alles in de meest ruime zin,zodat alles kan gedaan worden dat het bezit,de beveiliging,de opbrengst en de waardevermeerdering van een onroerend patrimonium kan ten goede komen.
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken.
- Projectontwikkeling voor de bouw van appartementsgebouwen.
- Projectontwikkeling voor kantoorbouw.
- Projectontwikkeling voor de bouw of de aanleg van:commerciële,en industriële centra,hotels,industriezones en markten,jachthavens,autowegen,wintersportcentra enzovoort.
- Projectontwikkeling voor de aanleg of renovatie van stadswijken grondverkavelingen.
- Ruilverkavelingen.
- De verhuur van al dan niet gemeubelde appartementen en huizen.
- De verhuur van appartementen in hotels.
- De verhuur van niet-residentiële gebouwen zoals kantoorgebouwen,handelspanden,tentoonstellingsruimtes,enzovoort.
- De verhuur per jaar van garageboxen en staanplaatsen voor auto's.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NT Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2250 Olen,Moleneinde 14” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur,indien benoemd in statuten hoedanigheid statutair bestuurder mogelijk, één of meer…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Monday of June at 20:00