NYS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NYS CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €25,670 and a net result of €18,232. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 7930 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
Profitability100▲+100
Solvency61▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.38 in 2024; short-term debt: 59% and cash: 10.5% of total assets), and 64.3% of the assets are financed with debt.
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Signals
Four 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
35.7%
Return on assets
25.3%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
7 d early
2023
34 d early
2022
12 d early
2021
32 d early
2020
36 d early
← 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 23 days before 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€25,670▼ 6.4%
2024 · €27,438
Total assets
€71,923▼ 2.0%
2024 · €73,409
Net result
€18,232
2024 · -€27,053
Working capital
€11,912▼ 14.7%
2024 · €13,965
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,805▼ 34.8%€1,929▼ 93.5%-€9,440-€23,005▼ 144%€18,849
Net result€24,390within the sector's middle half▼ 34.7%€1,529within the sector's middle half▼ 93.7%-€10,796below the sector's middle half-€27,053below the sector's middle half▼ 151%€18,232within the sector's middle half
Equity€63,758within the sector's middle half▲ 62.0%€65,287within the sector's middle half▲ 2.4%€54,491within the sector's middle half▼ 16.5%€27,438within the sector's middle half▼ 49.6%€25,670below the sector's middle half▼ 6.4%
Total assets€112,877within the sector's middle half▲ 69.5%€179,536within the sector's middle half▲ 59.1%€96,803within the sector's middle half▼ 46.1%€73,409within the sector's middle half▼ 24.2%€71,923below the sector's middle half▼ 2.0%
Debt€49,119▲ 80.3%€114,248▲ 133%€42,312▼ 63.0%€45,971▲ 8.6%€46,253▲ 0.6%
Working capital€52,708within the sector's middle half▲ 47.6%€72,908within the sector's middle half▲ 38.3%€51,651within the sector's middle half▼ 29.2%€13,965within the sector's middle half▼ 73.0%€11,912below the sector's middle half▼ 14.7%
Solvency56.5%within the sector's middle half▼ 2.6pp36.4%within the sector's middle half▼ 20.1pp56.3%within the sector's middle half▲ 19.9pp37.4%within the sector's middle half▼ 18.9pp35.7%within the sector's middle half▼ 1.7pp
Current ratio2.14within the sector's middle half▼ 0.332.11within the sector's middle half▼ 0.044.43above the sector's middle half▲ 2.321.38within the sector's middle half▼ 3.051.28within the sector's middle half▼ 0.10
Return on assets (ROA)21.6%above the sector's middle half▼ 34.5pp0.9%within the sector's middle half▼ 20.8pp-11.2%below the sector's middle half▼ 12.0pp-36.9%below the sector's middle half▼ 25.7pp25.3%above the sector's middle half▲ 62.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18,849 after a loss of €23,005 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,923
Fixed assets
€17,612 ▼ 22.2%
Current assets
€54,312 ▲ 6.9%
Equity and liabilities €71,923
Equity
€25,670 ▼ 6.4%
Debt
€46,253 ▲ 0.6%
Debt's share of the balance-sheet total rises from 62.6% to 64.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,334▲
2024 · -€13,038
Cash flow
€26,717▲
2024 · -€17,086
Debt to equity
1.80▲
2024 · 1.68
ROE
71.0%▲
2024 · -98.6%
Interest coverage
43.37▲
2024 · -3.33
Debt ≤ 1 year
€42,400▲
2024 · €36,820
Debt > 1 year
€3,853▼
2024 · €9,151
Income taxes
€141▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 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: 2.0% 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 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,235 | €6,327 | €10,668 | €9,968 | €8,485 | ▼ 14.9% |
| Other operating charges640/8 | €475 | €888 | €1,101 | €820 | €644 | ▼ 21.4% |
| Gross operating margin9900 | €33,515 | €9,144 | €2,329 | -€12,218 | €27,978 | ▲ 329% |
| Operating profit (loss)9901 | €29,805 | €1,929 | -€9,440 | -€23,005 | €18,849 | ▲ 182% |
| Financial income75/76B | €179 | €444 | €34 | €6 | €154 | ▲ 2,272% |
| Recurring financial income75 | €179 | €444 | €34 | €6 | €154 | ▲ 2,272% |
| Financial charges65/66B | €108 | €506 | €1,259 | €3,915 | €630 | ▼ 83.9% |
| Recurring financial charges65 | €108 | €506 | €1,259 | €3,915 | €630 | ▼ 83.9% |
| Profit (loss) for the period before taxes9903 | €29,876 | €1,867 | -€10,664 | -€26,914 | €18,373 | ▲ 168% |
| Income taxes67/77 | €5,485 | €338 | €132 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | €24,390 | €1,529 | -€10,796 | -€27,053 | €18,232 | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €24,390 | €1,529 | -€10,796 | -€27,053 | €18,232 | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,877 | €179,536 | €96,803 | €73,409 | €71,923 | ▼ 2.0% |
| Fixed assets21/28 | €14,050 | €40,762 | €30,085 | €22,624 | €17,612 | ▼ 22.2% |
| Intangible fixed assets21 | €3,533 | €2,784 | €2,035 | €1,286 | €537 | ▼ 58.2% |
| Tangible fixed assets22/27 | €10,517 | €36,974 | €27,046 | €20,333 | €13,820 | ▼ 32.0% |
| Plant, machinery and equipment23 | €4,651 | €6,825 | €4,801 | €3,990 | €2,185 | ▼ 45.2% |
| Furniture and vehicles24 | €5,865 | €30,148 | €22,245 | €16,343 | €11,635 | ▼ 28.8% |
| Financial fixed assets28 | - | €1,004 | €1,004 | €1,004 | €3,254 | ▲ 224% |
| Current assets29/58 | €98,827 | €138,774 | €66,718 | €50,786 | €54,312 | ▲ 6.9% |
| Stocks and contracts in progress3 | €16,800 | €29,800 | - | - | - | - |
| Stocks30/36 | €16,800 | €29,800 | - | - | - | - |
| Amounts receivable within one year40/41 | €42,132 | €53,015 | €58,268 | €36,492 | €46,772 | ▲ 28.2% |
| Trade receivables40 | €41,199 | €43,335 | €52,209 | €33,228 | €41,937 | ▲ 26.2% |
| Other amounts receivable41 | €933 | €9,680 | €6,059 | €3,265 | €4,834 | ▲ 48.1% |
| Current investments50/53 | €12,000 | €16,099 | €99 | €99 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €27,895 | €39,649 | €3,805 | €12,091 | €7,540 | ▼ 37.6% |
| Deferred charges and accrued income490/1 | - | €211 | €4,546 | €2,104 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,877 | €179,536 | €96,803 | €73,409 | €71,923 | ▼ 2.0% |
| Equity10/15 | €63,758 | €65,287 | €54,491 | €27,438 | €25,670 | ▼ 6.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €61,758 | €63,287 | €52,491 | €25,438 | €23,670 | ▼ 6.9% |
| Distributable reserves133 | €61,758 | €63,287 | €52,491 | €25,438 | €23,670 | ▼ 6.9% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €49,119 | €114,248 | €42,312 | €45,971 | €46,253 | ▲ 0.6% |
| Amounts payable after more than one year17 | €3,000 | €22,132 | €27,245 | €9,151 | €3,853 | ▼ 57.9% |
| Financial debts170/4 | - | €19,132 | €14,245 | €9,151 | €3,853 | ▼ 57.9% |
| Other amounts payable178/9 | €3,000 | €3,000 | €13,000 | €0 | - | - |
| Amounts payable within one year42/48 | €46,119 | €65,866 | €15,067 | €36,820 | €42,400 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | €4,719 | €4,898 | €5,094 | €5,298 | ▲ 4.0% |
| Trade debts44 | €34,975 | €46,419 | €1,610 | €18,933 | €3,159 | ▼ 83.3% |
| Suppliers440/4 | €34,975 | €46,419 | €1,610 | €18,933 | €3,159 | ▼ 83.3% |
| Taxes, remuneration and social security45 | €8,285 | €8,624 | €8,012 | €3,256 | €2,736 | ▼ 16.0% |
| Taxes450/3 | €6,485 | €6,824 | €4,412 | €1,256 | €2,736 | ▲ 118% |
| Remuneration and social security454/9 | €1,800 | €1,800 | €3,600 | €2,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2,858 | €6,104 | €547 | €9,537 | €31,207 | ▲ 227% |
| Accrued charges and deferred income492/3 | - | €26,250 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,390 | €1,529 | -€10,796 | -€27,053 | €18,232 | ▲ 167% |
| + Depreciation and write-downs630 | €3,235 | €6,327 | €10,668 | €9,968 | €8,485 | ▼ 14.9% |
| Operating cash flow (approximation) | €27,625 | €7,856 | -€128 | -€17,086 | €26,717 | ▲ 256% |
| Investment in fixed assets (approximation) | - | -€33,039 | €9 | -€2,506 | -€3,473 | ▼ 38.6% |
| Change in cash | - | €11,754 | -€35,844 | €8,285 | -€4,551 | ▼ 155% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €18,232
Net result €18,232 after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€27,053
Net result drops to -€27,053, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.43
Current ratio from 2.11 to 4.43; short-term debt falls from €65,866 to €15,067.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt-Winge · 1 establishment unit since 2019
Ground area
391 m²
Building footprint
149 m²
Volume, LiDAR
95 m³
2 parcels, Flanders · tallest building 4.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NYS CONSTRUCT
since 20192.295.918.734
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106E0188/00R002 | Flanders | 209 m² | 1 · 74 m² | 1.8 m |
| 24106E0188/00N002 | Flanders | 182 m² | 1 · 75 m² | 4.1 m |
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.
Structure & network
Owners and holdings
1 owner · 2 holdingsOwners 1
- Louis Nysnatural personSourceown accounts 2025share not stated
Holdings 2
- NysBuildsubsidiarySourceown accounts 202590%
-
50%
According to the 2025 annual accounts of NYS CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400DYN4SPAORKUQ42
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,849 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
Founded21-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737907110
Also
9925:BE0737907110
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.