NG CONCEPT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NG CONCEPT is 1.7% (moderate). The 2025 annual accounts show equity of €56k and a net result of €5k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 57% of 2905 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	25-03-2026	36 d early	2026-00061644
30-09-2024	30-04-2025	06-05-2025	6 d late	2025-00089024
30-09-2023	30-04-2024	19-03-2024	42 d early	2024-00045419
30-09-2022	30-04-2023	12-05-2023	12 d late	2023-00085982
30-09-2021	30-04-2022	07-04-2023	342 d late	2023-00058913
30-09-2020	30-04-2021	07-06-2021	38 d late	2021-19300324
30-09-2019	30-04-2020	22-05-2020	22 d late	2020-13400584
30-09-2018	30-04-2019	20-06-2019	51 d late	2019-20700078
30-09-2017	30-04-2018	26-01-2021	1002 d late	2021-04300550

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.7% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Higher-failure-rate region +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€576k+37.2%

EBIT margin4.2%-1.6pp

Net result€5k

Working capital€39k+29.2%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 25-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 8 fiscal years (±0.7%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	49.4%	43.4%	better than 57% of 2905 sector peers
Net result	€5k	€13k	better than 33% of 2904 sector peers
Equity	€56k	€44k	better than 59% of 2905 sector peers
Gross operating margin	€37k	€39k	better than 48% of 2902 sector peers
Total assets	€113k	€115k	better than 49% of 2905 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P57

Stable position over 2020-2025 · n=1740-11120

Net result P33

Weakening position over 2020-2025 · n=1734-11103

Equity P59

Stable position over 2020-2025 · n=1743-11124

Gross operating margin P48

Stable position over 2020-2025 · n=1732-11092

Describes the position versus peers, not a forecast.

Revenue

€576k

+37.2% 18-25

EBITDA

€34k

+1677.8% 18-25

Net profit

€5k

- 18-25

Cash flow

€25k

+1011.2% 18-25

Total assets

€113k

-5.4% 18-25

Equity

€56k

+10.6% 18-25

Working capital

€39k

+29.2% 18-25

Income taxes

€5k

+4359.9% 18-25

Show 12 other metrics

Debt

€57k

-17.0% 18-25

Debt ≤ 1y

€25k

-0.2% 18-25

Debt > 1y

€32k

-26.5% 18-25

Current ratio

2.56

+16.1% 18-25

Quick ratio

0.31

-85.9% 18-25

Solvency

49.4%

+16.9% 18-25

Debt / equity

1.03

-25.0% 18-25

ROE

9.6%

- 18-25

ROA

4.7%

- 18-25

Net margin

12.3%

-18.9% 18-25

EBITDA margin

5.0%

-28.9% 18-25

Interest coverage

8.31

+581.6% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€34k
Net profit	€5k
Cash flow	€25k
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€113k
Equity	€56k
Debt	€57k
of which ≤ 1y	€25k
of which > 1y	€32k
Working capital	€39k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.56
Quick ratio	0.31
Working capital ratio	34.1%
Solvency	49.4%
Debt / equity	1.03
Long-term debt ratio	0.58
Interest coverage	8.31
Gross margin	-
Net margin	-
ROA	4.7%
ROE	9.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €50k · 44.0% Current assets €63k · 56.0%

Equity & liabilities

Equity €56k · 49.4% Debt €57k · 50.6%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€113k
Fixed assets	21/28	€50k
Tangible fixed assets	22/27	€50k
Current assets	29/58	€63k
Stocks & contracts in progress	3	€56k
Amounts receivable within one year	40/41	€250
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€113k
Equity	10/15	€56k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€48k
Amounts payable	17/49	€57k
Amounts payable after one year	17	€32k
Amounts payable within one year	42/48	€25k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€37k
Operating result	9901	€14k
Financial income	75	€327
Financial charges	65	€4k
Result before taxes	9903	€10k
Income taxes	67/77	€5k
Net result for the period	9904	€5k
Result to be appropriated	9905	€5k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

77 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

NG CONCEPT

Bruulstraat 23, 1130 BrusselAlgemene bouw van residentiële gebouwen

since 20162.318.423.031

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area258 m²

Buildings1

Building footprint89 m²

Volume (LiDAR)577 m³

Tallest building10.9 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)