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NULLENS CONSTRUCTIONS

Active Private limited companyfounded 2019active for 6 yearsRue du Panorama 16, 4680 OupeyeKBO/BCE: BE 0739.954.305
NULLENS CONSTRUCTIONS
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €48,636 (2020)
€19,005▲ 63.9%
peak €37,498 (2020)
€13,124▲ 82.4%
peak €78,456 (2023)
€19,552▼ 26.9%
€17,864▲ 268%
Board1 name since 2019
1 directorNULLENS Laurent Yvon François
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €11,596 to €19,005Result from €7,197 to €13,124Dividend €20,321Equity from €26,749 to €19,552Debts from €4,852 to €17,864Cash from €786 to €8,569

Key points

from the 2025 annual accounts

Equity

€19,552 from €78,456 in 2023

Equity fell by 75% in 2 years.

Turnover

≈ €230,000 estimated

The micro format states no turnover.

Liquidity

2.10 was 6.72 in 2024

Short-term debts rose from €4,703 to €17,802.

Checked score

68
Healthy
Financially stronger than 57% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.3% 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.2%▼ -0.1 percentage points vs 02-2025 04-2025: 2.3%▲ +0.1 percentage points vs 03-2025 05-2025: 2.5%▲ +0.2 percentage points vs 04-2025 06-2025: 2.5%● unchanged vs 05-2025 07-2025: 2.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 1.7%▼ -0.9 percentage points vs 07-2025 09-2025: 1.7%● unchanged vs 08-2025 10-2025: 1.7%● unchanged vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.8%▲ +0.1 percentage points vs 01-2026 03-2026: 1.5%▼ -0.3 percentage points vs 02-2026 04-2026: 1.6%▲ +0.1 percentage points vs 03-2026 05-2026: 1.7%▲ +0.1 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.9%▲ +0.1 percentage points vs 08-2026 10-2026: 0.9%▼ -1.0 percentage point vs 09-2026lowest value 11-2026: 0.9%● unchanged vs 10-2026lowest value

Financial strength
Strong

77-23equity 52.3% of total assets
55+5short-term debt 47.6% · cash 22.9%
100+6return on assets 35.1%

Score breakdown

raises risk
Size: total assets €37,417
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
lowers risk
Liquidity: current ratio 2.10, cash €8,569
Calculation

The band follows from the bankruptcy probability. 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, micro). It does better than 60% of them on solvency, 59% on liquidity, 91% on profitability and 17% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as NULLENS CONSTRUCTIONS has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of NULLENS CONSTRUCTIONS itself: 0.9% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for NULLENS CONSTRUCTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €1,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.1 (6.72 in 2024), above the usual 1.5. Short-term debt is 47.6% and cash 22.9% of total assets. 47.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: total assets €37,417
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 2.10, cash €8,569
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
32 days early
2024
31 days early
2023
30 days early
2022
28 days early
2021
34 days early
2020
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 21 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

NL
NULLENS Laurent Yvon François
Director, since 23-12-2019
  • NULLENS Laurent Yvon François 100 sharesdeed of 27-12-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0739954305
Incorporation Founding capital of €1,000, 100 shares · Founder: NULLENS Laurent Yvon François · Appointment: NULLENS Laurent Yvon François (director) · published on 27-12-2019 · Gazette deed
First establishment Rue du Panorama 16, Oupeye
All 9 events

Comparable companies

same main activity, similar in size and age
Company
NULLENS CONSTRUCTIONS Oupeye €37,417 €19,005 52.3% -
MARKI Flémalle €39,747 €15,819 62.1% -
Jo L Construction Welkenraedt €35,813 €14,920 34.3% -
VIOLEX Grimbergen €37,246 €18,638 75.6% -
MIRDITA OROSH Evere €38,948 €18,340 57.0% -
LUCIAN CONSTRUCT Ostend €35,349 €17,572 83.4% -
Trima-Tech Zonhoven €37,343 €18,975 40.2% -

These companies have the same main activity as NULLENS CONSTRUCTIONS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €35,300 and €39,700, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 23-12-2019Normal situation
Activity
General construction of residential buildingsNACE 41001and 2 others
Establishment unit
2.323.549.8764680 Oupeye, since 23-12-2019
Financial year end
31 December
Peppol
Reachable since 08-12-2025
Company details

Annual accounts 2025

€19,005▲ 63.9%
€13,124▲ 82.4%
€19,552▼ 26.9%
€37,417▲ 18.4%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on NULLENS CONSTRUCTIONS

NULLENS CONSTRUCTIONS files the micro format. That format states no turnover. The gross margin fell from €48,636 in 2020 to €19,005 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-06-2026, 32 days before the deadline
€19,005
▲ 63.9%
€18,360
▲ 67.4%
€13,124
▲ 82.4%
€19,615
▼ 27.1%
52.3%
▼ 32.4 percentage points
2.10
▼ 4.62

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €230,000. Estimated: probably between €120,000 and €410,000.

Balance sheet

balance sheet total €37,417 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

52.3%

Higher than 60% of 9,462 companies in 2025.

2.10

Higher than 60% of 9,210 companies in 2025.

35.1%

Higher than 88% of 9,282 companies in 2025.

NULLENS CONSTRUCTIONS Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 37,41731,60190,17180,28266,56652,001
21/28 ---187437687
22/27 ---187437687
24 ---187437687
29/58 37,41731,60190,17180,09566,13051,314
40/41 27,62830,00487,29971,13956,28943,792
40 5,0504,00811,34210,1445,79112,374
41 22,57925,99775,95760,99550,49831,418
54/58 8,5697861,9727,9739,3866,769
490/1 1,220811900983456753
Balance sheet: equity and liabilities
10/49 37,41731,60190,17180,28266,56652,001
10/15 19,55226,74978,45670,80652,25338,498
10/11 1,0001,0001,0001,0001,0001,000
13 18,55225,74977,45669,80651,25337,498
133 18,55225,74977,45669,80651,25337,498
17/49 17,8644,85211,7159,47614,31313,502
42/48 17,8024,70311,7159,47614,30313,502
43 1,3331,3331,3331,3331,3331,333
430/8 1,3331,3331,3331,3331,3331,333
44 2,9292,9556,1653,9376,0976,150
440/4 2,9292,9556,1653,9376,0976,150
45 4154154,2164,2056,8726,019
450/3 4154154,2164,2056,8726,019
47/48 13,124-----
492/3 63149-010-
Income statement
76A --10,398---
9900 19,00511,59611,70026,89219,60448,636
630 --18725025063
640/8 6466306225791,5511,030
9901 18,36010,96610,89226,06317,80347,542
75/76B -5-4344-
75 -5-4344-
65/66B 1,6331,647981587620444
65 1,6331,647981587620444
9903 16,7269,3259,91125,51917,22747,098
67/77 3,6022,1282,2616,9673,4729,600
9904 13,1247,1977,65018,55213,75537,498
9905 13,1247,1977,65018,55213,75537,498
Appropriation of the result
9906 13,1247,1977,65018,55213,75537,498
791/2 7,19758,903----
691/2 -7,1977,65018,55213,75537,498
6921 -7,1977,65018,55213,75537,498
694/7 20,32158,903----
694 20,32158,903----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-06-2026 2026-00216722 PDF
31-12-2024 micro format 30-06-2025 2025-00201916 PDF
31-12-2023 micro format 01-07-2024 2024-00207459 PDF
31-12-2022 micro format 03-07-2023 2023-00191472 PDF
31-12-2021 micro format 27-06-2022 2022-20097010 PDF
31-12-2020 micro format 30-08-2021 2021-59500472 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
--11,07926,31318,05347,606
--7,83718,80214,00537,562
--11,93200750
7,783-1,186-6,001-1,4132,617-
19,61526,89778,45670,61951,82737,812
52.3%84.6%87.0%88.2%78.5%74.0%
2.106.727.708.454.623.80
0.910.180.150.130.270.35
67.1%26.9%9.8%26.2%26.3%97.4%
35.1%22.8%8.5%23.1%20.7%72.1%
--11.2944.8429.13-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€11,932--
--€187€250€250

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on NULLENS CONSTRUCTIONS

The operating result for 2025 is 67% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 15.4% to 47.7%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
NULLENS Laurent Yvon François
Director (not named in the articles)
since 23-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
NULLENS Laurent Yvon François
Director (not named in the articles)
Board
Mandates as a list
  • NULLENS Laurent Yvon François
    • Director (not named in the articles), from 23-12-2019 to date

See the board, name and registered office on a given date →

Control

Founder
NULLENS Laurent Yvon François
This company
NULLENS CONSTRUCTIONS
Equity €19,552
Profit €13,124 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
€196 in 2025
Source
deed of 27-12-2019

Articles of association

deed of 27-12-2019 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant/moitié acquéreurs au prorata si plusieurs, actions dont cession proposée”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June

Shareholders

At incorporation deed of 27-12-2019 ↗

Network & group

No group

NULLENS CONSTRUCTIONS has no parent and no holdings in its annual accounts. NULLENS Laurent Yvon François is the only director. NULLENS CONSTRUCTIONS shares no director with another company.

At the same address

Rue du Panorama 16, 4680 Oupeye · 1 other company
Nullens, Laurent (sole trader)
establishment since 01-04-2008
 founded in 2008
0896.791.922

Timeline

Timeline

9 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0739954305
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 30 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 28 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 34 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 30 days late
2019
IncorporationFounding capital of €1,000, 100 shares · Founder: NULLENS Laurent Yvon François · Appointment: NULLENS Laurent Yvon François (director) · published on 27-12-20195 points ▸

Open the deed in the Belgian Official Gazette

First establishment Rue du Panorama 16, Oupeye

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

NULLENS CONSTRUCTIONS was incorporated on 23 December 2019 as a private limited company by one natural person, with a starting capital of €1,000.12 Since 2019, NULLENS Laurent Yvon François has served as director.3 Total assets fell from €52,001 in 2020 to €37,417 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-12-2019
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0739.954.305
VAT number
BE 0739.954.305
Peppol ID
0208:0739954305
Other Peppol ID
9925:BE0739954305
Legal form
Private limited company
Status
Active, normal situation
Founded
23-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June
deed of 27-12-2019 (in French)
Peppol
Reachable since 08-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
NULLENS CONSTRUCTIONS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-12-2019 (in French)

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
41002 General construction of office buildings
41003 General construction of other non-residential buildings
Codes under NACEBEL 2008
41201 General construction of buildings main activity
41202 Construction of residential and non-residential buildings
41203 Construction of residential and non-residential buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
“Réalisation de gros-œuvre; Constructions d’autoroutes,de routes,de rues,de chaussées et d’autres voies pour véhicules et piétons (y compris…”
11 activities
  1. Réalisation de gros-œuvre
  2. Constructions d’autoroutes,de routes,de rues,de chaussées et d’autres voies pour véhicules et piétons (y compris la pose de glissières de sécurité)
  3. Travaux de démolition
  4. Travaux de terrassement,rabattement de la nappe aquifère et drainage des chantiers de construction
  5. Exécution de forages horizontaux pour passages de câbles et de canalisation
  6. Mise en œuvre dans les bâtiments ou d’autres projets de construction de matériaux d’isolement thermique,matériaux d’isolation acoustique et antivibratile
  7. Nettoyage de bâtiments nouveaux et remise en état des lieux après travaux,autres travaux d’achèvement et de finition et notamment le carrelage
  8. Ravalement de façade
  9. Travaux de maçonnerie,de rejointoiement
  10. Mise en place de fondations (y compris le battage de pieux),travaux de ferraillage et de pose de coffrage,construction de cheminées et de fours industriels,montage et démontage d’échafaudages et de plate-forme de travail
  11. Service d’aménagement paysager
deed of 27-12-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue du Panorama 16 registered office 4680 Oupeye 4100101 General construction of residential buildings 23-12-2019 2.323.549.876

Buildings and parcels at the address

Ground area
886 m²
Buildings
116 m²
Volume, LiDAR
811 m³
Tallest building
8.8 m
Buildings to scale, each on its own parcel
116 m², 8.8 m 116 m², 8.8 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
62079A0749/00V006886 m² 1 · 116 m² 8.8 m · 2

Invoicing and payment

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. Use the enterprise number 0739.954.305

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