N-BUILDING
ActiveSummary
N-BUILDING has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €775k and a net result of €41k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+62
Solvency67▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 5.14 against 2.52 in 2024; short-term debt: 19.4% and cash: 58% of total assets), but 57.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
42.4%
Return on assets
2.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
20 d early
2023
1 d early
2022
31 d early
2020
21 d early
2019
34 d early
2018
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€775k▲ 5.5%
2024 · €734k
2018: €1.22M
2019: €1.34M
2020: €1.18M
2022: €1.09M
2023: €904k
2024: €734k
2018 → 2025
Total assets
€1.83M▼ 22.6%
2024 · €2.36M
2018: €2.35M
2019: €2.39M
2020: €2.27M
2022: €1.88M
2023: €2.05M
2024: €2.36M
2018 → 2025
Net result
€41k
2024 · €-169k
2018: €132k
2019: €258k
2020: €132k
2022: €218k
2023: €-190k
2024: €-169k
2018 → 2025
Working capital
€1.47M▲ 4.4%
2024 · €1.41M
2018: €838k
2019: €1.31M
2020: €1.25M
2022: €1.53M
2023: €1.32M
2024: €1.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€1.18M-€1.09M▼ 7.0%€904k▼ 17.4%€734k▼ 18.7%€775k▲ 5.5%
Operating result€193k-€297k▲ 54.0%€-192k€-197k▼ 2.3%€27k
Net result€132k-€218k▲ 64.6%€-190k€-169k▲ 11.1%€41k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €197k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€6k ▼ 76.4%
Current assets
€1.82M ▼ 22.0%
Equity and liabilities €1.83M
Equity
€775k ▲ 5.5%
Provisions
€698k =
Debt
€354k ▼ 61.8%
Debt's share of the balance-sheet total falls from 39.3% to 19.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2024 · €-189k
Cash flow
€48k▲
2024 · €-161k
Current ratio
5.14▲
2024 · 2.52
Debt to equity
0.46▼
2024 · 1.26
ROE
5.3%▲
2024 · -23.0%
ROA
2.2%▲
2024 · -7.2%
Interest coverage
11.98▲
2024 · -32.03
Debt ≤ 1 year
€354k▼
2024 · €928k
Income taxes
€122▼
2024 · €157
Staff costs
€199k▼
2024 · €275k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.36M€1.83M▼
Fixed assets21/28€27k€6k▼
Tangible fixed assets22/27€14k€6k▼
Furniture and vehicles24€14k€6k▼
Financial fixed assets28€13k-
Current assets29/58€2.33M€1.82M▼
Amounts receivable within one year40/41€904k€357k▼
Trade receivables40€898k€335k▼
Other amounts receivable41€6k€22k▲
Cash at bank and in hand54/58€996k€1.06M▲
Deferred charges and accrued income490/1€434k€404k▼
Equity and liabilities
Total equity and liabilities10/49€2.36M€1.83M▼
Equity10/15€734k€775k▲
Contributions10/11€67k€67k=
Capital10€67k€67k=
Issued capital100€67k€67k=
Reserves13€667k€708k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€605k€645k▲
Provisions and deferred taxes16€698k€698k=
Provisions for liabilities and charges160/5€698k€698k=
Other liabilities and charges164/5€698k€698k=
Amounts payable17/49€928k€354k▼
Amounts payable within one year42/48€928k€354k▼
Trade debts44€903k€351k▼
Suppliers440/4€903k€351k▼
Taxes, remuneration and social security45€25k€3k▼
Taxes450/3€9k-
Remuneration and social security454/9€16k€3k▼
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€275k€199k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€248k-
Other operating charges640/8€56k€2k▼
Gross operating margin9900€390k€235k▼
Operating profit (loss)9901€-197k€27k▲
Financial income75/76B€34k€17k▼
Recurring financial income75€34k€17k▼
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-169k€41k▲
Income taxes67/77€157€122▼
Profit (loss) for the period9904€-169k€41k▲
Profit (loss) for the period to be appropriated9905€-169k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-169k€41k▲
Transfer from equity791/2€169k-
Transfer to equity691/2-€41k
To other reserves6921-€41k
Social balance
Average headcount (FTE)90874.53.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 5.14
Current ratio from 2.52 to 5.14; short-term debt falls from €928k to €354k.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-190k ▼187%
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 5.53
Current ratio from 2.49 to 5.53; short-term debt falls from €841k to €338k.
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €258k ▲95.6%
Operating result €347k, net result €258k, both a record.
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Halle · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koningin Elisabethlaan 271500 HalleGround area
2,500 m²
Building footprint
1,079 m²
Volume, LiDAR
15,004 m³
Parcel 23412I0045/00L000, Flanders · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
N-BUILDING
since 20032.146.829.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412I0045/00L000 | Flanders | 2,499 m² | 1 · 1,079 m² | 16.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,758 EUR awarded · 2,826 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 368 EUR | 368 EUR |
| 2024 | 1 | 967 EUR | 1,028 EUR |
| 2023 | 1 | 158 EUR | 165 EUR |
| 2022 | 1 | 1,265 EUR | 1,265 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesN-BUILDING NV32595
Similar companies · same sector, comparable size
B.C.A. EXPERTISEBURO
BE 0436.541.372
Bree · Eq €775,949
ACP CONTRACTS
BE 0421.983.157
Kampenhout · Eq €776,262
Les Chemisiers associés
BE 0403.555.929
Lasne · Eq €776,399
Van Haellewijn
BE 0447.723.393
Antwerpen · Eq €776,890
IMMO ITTROISE
BE 0753.558.158
Braine-le-Comte · Eq €772,545
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 7,458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-05-2003
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43320Joinery installation
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.