NTC
ActiveSummary
NTC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,595 and a net result of €7,965. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31=
Solvency44▼-5
Growth79▼-6
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.18 in 2023; short-term debt: 80.8% and cash: 15.7% of total assets), and 80.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
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
19.2%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
70 d late
2022
71 d late
2021
54 d late
2020
86 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 62 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 (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.0m▼ 25.7%
2023 · €1.4m
EBIT margin
1.0%▼ 0.3pp
2023 · 1.3%
Net result
€7,965▲ 138%
2023 · €3,353
Working capital
€40,172▲ 148%
2023 · €16,220
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
Line20202021202220232024
Turnover€596,289€1.2m▲ 108%€1.6m▲ 29.9%€1.4m▼ 12.8%€1.0m▼ 25.7%
Operating result-€1,800€32,500€93,011▲ 186%€18,306▼ 80.3%€10,794▼ 41.0%
Net result€2,743▼ 90.6%€12,361▲ 351%€54,652▲ 342%€3,353▼ 93.9%€7,965▲ 138%
EBIT margin-0.3%2.6%▲ 2.9pp5.8%▲ 3.2pp1.3%▼ 4.5pp1.0%▼ 0.3pp
Equity€23,673▲ 13.1%€36,034▲ 52.2%€36,685▲ 1.8%€28,861▼ 21.3%€44,595▲ 54.5%
Total assets€170,172▲ 1.2%€212,240▲ 24.7%€277,073▲ 30.5%€117,919▼ 57.4%€231,867▲ 96.6%
Debt€146,500▼ 17.0%€176,206▲ 20.3%€240,388▲ 36.4%€89,058▼ 63.0%€187,272▲ 110%
Working capital€8,483€31,982▲ 277%€37,058▲ 15.9%€16,220▼ 56.2%€40,172▲ 148%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231,867
Fixed assets
€4,422 ▼ 65.0%
Current assets
€227,445 ▲ 116%
Equity and liabilities €231,867
Equity
€44,595 ▲ 54.5%
Debt
€187,272 ▲ 110%
Debt's share of the balance-sheet total rises from 75.5% to 80.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,544▼
2023 · €22,373
Cash flow
€13,715▲
2023 · €7,419
Current ratio
1.21▲
2023 · 1.18
Debt to equity
4.20▲
2023 · 3.09
ROE
17.9%▲
2023 · 11.6%
ROA
3.4%▲
2023 · 2.8%
Interest coverage
1.31▲
2023 · 1.26
Debt ≤ 1 year
€187,272▲
2023 · €89,058
Income taxes
€2,320▼
2023 · €2,961
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €596,289 | €1.2m | €1.6m | €1.4m | €1.0m | ▼ 25.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €1.2m | €1.5m | €1.4m | €1.0m | ▼ 25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,073 | €7,636 | €3,084 | €4,067 | €5,750 | ▲ 41.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €2,149 | - | - | - | - |
| Other operating charges640/8 | - | €1,466 | €14,473 | €903 | €636 | ▼ 29.5% |
| Non-recurring operating charges66A | - | €2,300 | €75 | - | - | - |
| Gross operating margin9900 | €9,062 | €46,052 | €110,642 | €23,276 | €17,180 | ▼ 26.2% |
| Operating profit (loss)9901 | -€1,800 | €32,500 | €93,011 | €18,306 | €10,794 | ▼ 41.0% |
| Financial income75/76B | - | €877 | €2,927 | €5,731 | €12,076 | ▲ 111% |
| Recurring financial income75 | €21,556 | €877 | €2,927 | €5,731 | €1,078 | ▼ 81.2% |
| Non-recurring financial income76B | - | - | - | - | €10,997 | - |
| Financial charges65/66B | - | €15,818 | €18,123 | €17,724 | €12,585 | ▼ 29.0% |
| Recurring financial charges65 | €16,088 | €15,818 | €18,123 | €17,724 | €12,585 | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | €3,668 | €17,559 | €77,815 | €6,314 | €10,285 | ▲ 62.9% |
| Income taxes67/77 | €926 | €5,198 | €23,163 | €2,961 | €2,320 | ▼ 21.7% |
| Profit (loss) for the period9904 | €2,743 | €12,361 | €54,652 | €3,353 | €7,965 | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €2,743 | €12,361 | €54,652 | €3,353 | €7,965 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170,172 | €212,240 | €277,073 | €117,919 | €231,867 | ▲ 96.6% |
| Fixed assets21/28 | €16,185 | €4,052 | €2,327 | €12,640 | €4,422 | ▼ 65.0% |
| Tangible fixed assets22/27 | €11,487 | €1,785 | €804 | €9,283 | €4,422 | ▼ 52.4% |
| Plant, machinery and equipment23 | - | €620 | - | - | - | - |
| Furniture and vehicles24 | - | €1,165 | €804 | €9,283 | €4,422 | ▼ 52.4% |
| Financial fixed assets28 | €4,698 | €2,267 | €1,524 | €3,357 | - | - |
| Current assets29/58 | €153,988 | €208,188 | €274,746 | €105,278 | €227,445 | ▲ 116% |
| Stocks and contracts in progress3 | €47,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €81,451 | €195,139 | €213,002 | €67,325 | €184,393 | ▲ 174% |
| Trade receivables40 | - | €185,583 | €174,845 | €55,641 | €155,706 | ▲ 180% |
| Other amounts receivable41 | - | €9,556 | €38,157 | €11,684 | €28,687 | ▲ 146% |
| Cash at bank and in hand54/58 | €25,037 | €12,361 | €61,057 | €36,126 | €36,315 | ▲ 0.5% |
| Deferred charges and accrued income490/1 | - | €688 | €688 | €1,827 | €6,736 | ▲ 269% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170,172 | €212,240 | €277,073 | €117,919 | €231,867 | ▲ 96.6% |
| Equity10/15 | €23,673 | €36,034 | €36,685 | €28,861 | €44,595 | ▲ 54.5% |
| Contributions10/11 | - | €6,324 | €6,324 | €6,324 | €14,093 | ▲ 123% |
| Reserves13 | €14,606 | €22,606 | €22,606 | €11,429 | €11,429 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €20,746 | €22,606 | €11,429 | €11,429 | = |
| Profit (loss) carried forward14 | €2,743 | €7,103 | €7,755 | €11,108 | €19,073 | ▲ 71.7% |
| Amounts payable17/49 | €146,500 | €176,206 | €240,388 | €89,058 | €187,272 | ▲ 110% |
| Amounts payable within one year42/48 | €145,505 | €176,206 | €237,688 | €89,058 | €187,272 | ▲ 110% |
| Trade debts44 | €97,523 | €137,201 | €133,774 | €84,939 | €182,828 | ▲ 115% |
| Suppliers440/4 | - | €17,531 | €133,774 | €84,939 | €182,828 | ▲ 115% |
| Bills of exchange payable441 | - | €119,670 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €7,486 | €22,921 | €4,119 | €4,444 | ▲ 7.9% |
| Taxes450/3 | - | €4,386 | €22,921 | €1,419 | €4,444 | ▲ 213% |
| Remuneration and social security454/9 | - | €3,100 | - | €2,700 | - | - |
| Other amounts payable47/48 | - | €31,519 | €80,993 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,700 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,743 | €12,361 | €54,652 | €3,353 | €7,965 | ▲ 138% |
| + Depreciation and write-downs630 | €9,073 | €7,636 | €3,084 | €4,067 | €5,750 | ▲ 41.4% |
| Operating cash flow (approximation) | €11,816 | €19,997 | €57,735 | €7,419 | €13,715 | ▲ 84.9% |
| Investment in fixed assets (approximation) | - | €4,496 | -€1,359 | -€14,380 | €2,468 | ▲ 117% |
| Change in cash | - | -€12,676 | €48,696 | -€24,931 | €190 | ▲ 101% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Highest result since 2018net €54,652 ▲342%
Operating result €93,011, net result €54,652, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €29,321
Net result €29,321 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
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Directors · office · real estate
Directors
3 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, Peer · 1 establishment unit since 2016
Ground area
337 m²
Building footprint
126 m²
Parcel 72030C0394/00M003, Flanders. Linked by address, not a title deed.
1 establishment unit
NTC
since 20162.262.010.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030C0394/00M003 | Flanders | 337 m² | 1 · 126 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 913 companies in sector 43333 we hold annual accounts for 400. 323 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
Founded24-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
68121Development of residential building projects
43332Laying of wooden floor and wall coverings
43350Other building finishing work
43990Other specialised construction activities
Contact
E-mail
cristi_ntc@yahoo.comPeer
Phone
0486233574Peer
Scores and ratios are computed by Checked and are not a credit decision.