LA NITRURATION MODERNE
ActiveSummary
LA NITRURATION MODERNE has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €697k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency84▲+23
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 1.51 in 2024; short-term debt: 40.8% and cash: 28.9% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
59.2%
Return on assets
27.1%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.52M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
84 d early
2023
86 d early
2022
92 d early
2021
94 d early
2020
17 d early
2019
86 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€697k▼ 19.2%
2024 · €863k
2019: €-153k
2020: €226k
2021: €-355k
2022: €-41k
2023: €864k
2024: €863k
2019 → 2025
Working capital
€1.39M▲ 83.3%
2024 · €757k
2019: €1.35M
2020: €1.02M
2021: €473k
2022: €306k
2023: €696k
2024: €757k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€460k-€420k▼ 8.8%€784k▲ 86.8%€827k▲ 5.5%€1.52M▲ 84.3%
Operating result€-345k-€-28k▲ 92.0%€886k€889k▲ 0.4%€977k▲ 9.9%
Net result€-355k-€-41k▲ 88.5%€864k€863k▼ 0.1%€697k▼ 19.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.57M
Fixed assets
€137k ▲ 95.1%
Current assets
€2.44M ▲ 9.2%
Equity and liabilities €2.57M
Equity
€1.52M ▲ 84.3%
Debt
€1.05M ▼ 28.9%
Debt's share of the balance-sheet total falls from 64.1% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.02M▲
2024 · €923k
Cash flow
€742k▼
2024 · €897k
Current ratio
2.32▲
2024 · 1.51
Quick ratio
2.29▲
2024 · 1.49
Debt to equity
0.69▼
2024 · 1.78
ROE
45.8%▼
2024 · 104.4%
ROA
27.1%▼
2024 · 37.5%
Interest coverage
155.23▲
2024 · 149.77
Debt ≤ 1 year
€1.05M▼
2024 · €1.48M
Income taxes
€273k▲
2024 · €20k
Staff costs
€1.88M▲
2024 · €1.73M
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€2.30M€2.57M▲
Fixed assets21/28€70k€137k▲
Tangible fixed assets22/27€70k€137k▲
Plant, machinery and equipment23€68k€135k▲
Furniture and vehicles24€3k€2k▼
Current assets29/58€2.23M€2.44M▲
Stocks and contracts in progress3€34k€33k▼
Stocks30/36€34k€33k▼
Amounts receivable within one year40/41€1.52M€1.66M▲
Trade receivables40€1.52M€1.61M▲
Other amounts receivable41-€50k
Cash at bank and in hand54/58€681k€743k▲
Equity and liabilities
Total equity and liabilities10/49€2.30M€2.57M▲
Equity10/15€827k€1.52M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€701k€701k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€38k€38k=
Distributable reserves133€656k€656k=
Profit (loss) carried forward14€61k€758k▲
Amounts payable17/49€1.48M€1.05M▼
Amounts payable within one year42/48€1.48M€1.05M▼
Current portion of amounts payable after more than one year42-€71k
Financial debts43€71k-
Credit institutions430/8€71k-
Trade debts44€278k€403k▲
Suppliers440/4€278k€403k▲
Taxes, remuneration and social security45€299k€567k▲
Taxes450/3€106k€364k▲
Remuneration and social security454/9€192k€203k▲
Other amounts payable47/48€828k€8k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€1.73M€1.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€44k▲
Other operating charges640/8€23k€5k▼
Gross operating margin9900€2.68M€2.90M▲
Operating profit (loss)9901€889k€977k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€883k€971k▲
Income taxes67/77€20k€273k▲
Profit (loss) for the period9904€863k€697k▼
Profit (loss) for the period to be appropriated9905€863k€697k▼
Appropriation of the result
Profit (loss) to be appropriated9906€881k€758k▼
Profit (loss) brought forward from the previous period14P€18k€61k▲
Profit to be distributed694/7€820k€0▼
Directors or managers695€820k€0▼
Social balance
Average headcount (FTE)9087-36.0
The notes to these accounts (10 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
2026
12-08
State Gazette act
Statutes amendmentFiscal year change4 facts ▸
State Gazette act
Statutes amendment
Fiscal year change4 facts ▸
- General meeting, 29/06/2026
- Statutes amendment
- Statutes amendment
- Fiscal year change, 01/07/2025-31/12/2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Equity above €1MEq €1.52M ▲84.3%
3 profitable years in a row build equity to €1.52M.
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €864k
Net result €864k after 2 loss-making years.
30-06
Financial
Equity above €500kEq €784k ▲86.8%
Equity rises from €420k to €784k.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €-355k ▼257%
Net result drops to €-355k, the lowest in the series; recovery starts the following year.
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €226k
Net result €226k after one loss-making year.
Show earlier events
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1982
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.
Rue Gilles-Galler 22-244000 LiègeGround area
2,160 m²
Building footprint
171 m²
Volume, LiDAR
729 m³
Parcel 62078A0129/00V006, Wallonia · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Gilles-Galler 22 2, 4000 Liège
since 19822.021.366.865
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0129/00V006 | Wallonia | 2,160 m² | 1 · 171 m² | 7.3 m · 1 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.
Similar companies · same sector, comparable size
HR Coating
BE 0810.268.813
Pelt · Eq €1.53M
KBJ Invest
BE 0668.412.053
Schilde · Eq €1.51M
CHIMIDEROUIL BELGIUM
BE 0412.721.439
Mons · Eq €1.55M
ADVANCED COATING
BE 0458.085.072
Liège · Eq €1.48M
MATERIAAL VEREDELINGSTECHNIEKEN
BE 0435.592.059
Houthalen-Helchteren · Eq €1.47M
Of 710 companies in sector 25510 we hold annual accounts for 409. 251 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
Founded22-11-1982
Fiscal year end30-06
Activities, NACEBEL 2025
25510Coating of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. (AOPC-1-12-01522/ 03.10) (32822) REALCO & PARTNERS, naamloze vennootschap, Tervurenlaan 412, 1150 BRUSSEL-15 Ondernemingsnummer 0458.417.248 Algemene vergadering ter zetel op 23/10/2012, om 10 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-12-01473/ 03.10) (32823) Leco, naamloze vennootschap, Nijverheidslaan 21, 3650 Dilsen-Stokkem Ondernemingsnummer 0401.319.781 — RPR Tongeren Jaarvergadering op 26 oktober 2012, om 10 uur, op de zetel. Agenda : Verslag raad van bestuur. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuur ...