NTC
ActiveSummary
NTC has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,354 and a net result of €51,816. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €121,354
- Profit
- €51,816
- HARDY Thibaut Clément MichelDirector
- LIGA Natalia KatarzynaDirector
- THILMANY Christophe Charles Evelyne MarieDirector
Why 83raises riskLiquidity: current ratio 0.01, cash €4,749, halvedFounded in 2023lowers riskSize: total assets €1.3mNo main activity registeredShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro): better than 22% on solvency, 22% on liquidity, 40% on profitability and 90% on growth.
The bankruptcy probability was computed on 25-10-2026 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).
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Signals
This company filed its last 2 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €121,354 ▲74.5%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00413787.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 11% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.8% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,475 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% | 0.9% |
| 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 1,514 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,858 | €36,089 | ▲ 6.6% |
| Other operating charges640/8 | €961 | €400 | ▼ 58.4% |
| Gross operating margin9900 | €152,142 | €140,887 | ▼ 7.4% |
| Operating profit (loss)9901 | €117,323 | €104,399 | ▼ 11.0% |
| Financial charges65/66B | €29,959 | €31,513 | ▲ 5.2% |
| Recurring financial charges65 | €29,959 | €31,513 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €87,364 | €72,886 | ▼ 16.6% |
| Income taxes67/77 | €23,826 | €21,070 | ▼ 11.6% |
| Profit (loss) for the period9904 | €63,538 | €51,816 | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €63,538 | €51,816 | ▼ 18.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €1.3m | ▲ 25.4% |
| Fixed assets21/28 | €0.9m | €1.3m | ▲ 34.8% |
| Tangible fixed assets22/27 | €0.9m | €1.3m | ▲ 34.8% |
| Land and buildings22 | €0.9m | €1.3m | ▲ 34.8% |
| Current assets29/58 | €0.07m | €0.005m | ▼ 93.6% |
| Cash at bank and in hand54/58 | €0.07m | €0.005m | ▼ 93.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €1.3m | ▲ 25.4% |
| Equity10/15 | €0.07m | €0.1m | ▲ 74.5% |
| Contributions10/11 | €0.006m | €0.006m | = |
| Reserves13 | €0.06m | €0.1m | ▲ 81.6% |
| Distributable reserves133 | €0.06m | €0.1m | ▲ 81.6% |
| Profit (loss) carried forward14 | €1 | €2 | ▲ 67.0% |
| Amounts payable17/49 | €0.9m | €1.2m | ▲ 21.8% |
| Amounts payable after more than one year17 | €0.6m | €0.8m | ▲ 26.0% |
| Financial debts170/4 | €0.6m | €0.8m | ▲ 26.0% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | €0.05m | €0.06m | ▲ 22.6% |
| Taxes, remuneration and social security45 | €0.02m | €0.04m | ▲ 88.4% |
| Taxes450/3 | €0.02m | €0.04m | ▲ 88.4% |
| Other amounts payable47/48 | €0.2m | €0.3m | ▲ 4.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €63,538 | €51,816 | ▼ 18.4% |
| + Depreciation and write-downs630 | €33,858 | €36,089 | ▲ 6.6% |
| Operating cash flow (approximation) | €97,396 | €87,904 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | -€364,463 | - |
| Change in cash | - | -€69,639 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00413787 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00345960 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| HARDY Thibaut Clément Michel |
|
| LIGA Natalia Katarzyna |
|
| THILMANY Christophe Charles Evelyne Marie |
|
Owners and capital
Capital and shareholders
- HARDY Thibaut Clément Michel 20 shares · €2,000
- LIGA Natalia Katarzyna 20 shares · €2,000
- THILMANY Christophe Charles Evelyne Marie 20 shares · €2,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-08-2023 Incorporation · €6,000
Group and network
Connections & network
4 connected companiesHistory
Acts, filings and financial milestones
18-08
Gazette deed
IncorporationAppointments: HARDY Thibaut Clément Michel, LIGA Natalia Katarzyna and THILMANY Christophe Charles Evelyne Marie · Founder · Founding capital15 facts ▸
- Incorporation, “NTC” (deed in French)
- Founder, HARDY Thibaut Clément Michel
- Founder, LIGA Natalia Katarzyna
- Founder, THILMANY Christophe Charles Evelyne Marie
- Founding capital, €6,000
- Bank account, 6000, EUR
- Other provision, “arrêt des statuts, Les comparants arrêtent comme suit les statuts de la société” (deed in French)
- Capital
- Registered office clause, “4000 Liège,Boulevard d'Avroy,15” (deed in French)
- Board rule, 3
- Director appointment, HARDY Thibaut Clément Michel (director (not named in the articles))
- Director appointment, LIGA Natalia Katarzyna (director (not named in the articles))
- +3 further facts in this act
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62803A1355/00A002 | Wallonia | 372 m² | 1 · 206 m² | 39.9 m · 12 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’acquisition,la vente et la location de tous biens immeubles; La promotion immobilière à des fins de vente; La location et l’exploitation…” (deed in French)
7 activities (deed in French)
- L’acquisition,la vente et la location de tous biens immeubles
- La promotion immobilière à des fins de vente
- La location et l’exploitation de tous biens immeubles
- La négociation de contrats de vente ayant trait à la construction d’immeubles
- L’intermédiation en matière d’achat,de vente et de location de biens immobiliers pour le compte de tiers
- La gérance et l’administration d’immeubles pour compte de tiers
- La transformation et la rénovation d’immeubles,ainsi que les expertises et état des lieux d’immeubles,dans l’acceptation la plus large de ces termes
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NTC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, 1” (deed in French)“Indépendamment des frais éventuels de représentation,voyages et déplacements, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, inscrites dans le registre des actions nominatives avec mentions requises par le Code des sociétés et des…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Frais de procédure et d’expertise pour moitié cédant et moitié acquéreurs proportionnellement aux actions acquises, héritiers et légataires…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions – droit de préférence, peuvent être souscrites par personnes auxquelles actions…” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, assemblée générale” (deed in French)