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N.A.T.

Active
Private limited companyfounded 200619 yrs activeChaussée de Charleroi 127, 1470 Genappe, BelgiumKBO/BCE: BE 0885.629.893
Summary

N.A.T. has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,085) and a net result of -€6,922. Equity is shrinking by ~46.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability66▲+1
Solvency20▼-3
Growth64=
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.06 in 2024; short-term debt: 90.9% and cash: 1.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-4.8%
Return on assets
-2.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€15,085
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
12 d late
2024
25 d late
2023
31 d early
2022
30 d late
2021
28 d early
2020
17 d late
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 December 2006, N.A.T. was incorporated.1 Revenue went from EUR 18,740 in 2018 to EUR 24,055 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

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Financials · fiscal year 2025, micro schema

Turnover
€24,055▼ 26.9%
2019 · €32,910
EBIT margin
-15.3%▼ 29.0pp
2019 · 13.8%
Net result
-€6,922▲ 10.1%
2024 · -€7,698
Working capital
-€263,596▲ 1.1%
2024 · -€266,572
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€6,711▼ 82.8%-€13,033▼ 94.2%-€5,760▲ 55.8%-€4,571▲ 20.6%-€4,242▲ 7.2%
Net result-€11,095▼ 31.3%-€17,079▼ 53.9%-€9,344▲ 45.3%-€7,698▲ 17.6%-€6,922▲ 10.1%
EBIT margin
Equity€25,958▼ 29.9%€8,880▼ 65.8%-€465-€8,163▼ 1,657%-€15,085▼ 84.8%
Total assets€402,490▼ 6.0%€375,318▼ 6.8%€352,221▼ 6.2%€332,592▼ 5.6%€313,011▼ 5.9%
Debt€376,531▼ 3.7%€366,439▼ 2.7%€352,685▼ 3.8%€340,755▼ 3.4%€328,096▼ 3.7%
Working capital-€265,035-€270,789▼ 2.2%-€269,266▲ 0.6%-€266,572▲ 1.0%-€263,596▲ 1.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€6,711-€6,711Net result 2021: -€11,095-€11,095Operating result 2022: -€13,033-€13,033Net result 2022: -€17,079-€17,079Operating result 2023: -€5,760-€5,760Net result 2023: -€9,344-€9,344Operating result 2024: -€4,571-€4,571Net result 2024: -€7,698-€7,698Operating result 2025: -€4,242-€4,242Net result 2025: -€6,922-€6,92220212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€5,760-€5,760Net result 2023: -€9,344-€9,340Operating result 2024: -€4,571-€4,570Net result 2024: -€7,698-€7,700Operating result 2025: -€4,242-€4,240Net result 2025: -€6,922-€6,920202320242025
The operating result stays negative: a loss of €4,242 in 2025 against €4,571 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €313,011
Fixed assets €292,161 ▼ 7.3%
Current assets €20,850 ▲ 19.5%
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,737▲
2024 · €18,407
Cash flow
€16,056▲
2024 · €15,280
Solvency
-4.8%▼
2024 · -2.5%
Current ratio
0.07▲
2024 · 0.06
Debt to equity
-21.75▲
2024 · -41.74
ROA
-2.2%▲
2024 · -2.3%
Interest coverage
6.99▲
2024 · 5.89
Debt ≤ 1 year
€284,446▲
2024 · €284,025
Debt > 1 year
€43,650▼
2024 · €56,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 2,338 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€332,592€313,011▼
Fixed assets21/28€315,140€292,161▼
Tangible fixed assets22/27€315,140€292,161▼
Land and buildings22€141,459€133,480▼
Plant, machinery and equipment23€173,681€158,682▼
Current assets29/58€17,452€20,850▲
Amounts receivable within one year40/41€11,500€11,500=
Other amounts receivable41€11,500€11,500=
Cash at bank and in hand54/58€2,174€4,441▲
Deferred charges and accrued income490/1€3,778€4,909▲
Equity and liabilities
Total equity and liabilities10/49€332,592€313,011▼
Equity10/15-€8,163-€15,085▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€28,623-€35,545▼
Amounts payable17/49€340,755€328,096▼
Amounts payable after more than one year17€56,730€43,650▼
Financial debts170/4€56,730€43,650▼
Amounts payable within one year42/48€284,025€284,446▲
Current portion of amounts payable after more than one year42€12,587€13,080▲
Trade debts44€181€109▼
Suppliers440/4€181€109▼
Other amounts payable47/48€271,257€271,257=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,979€22,979=
Other operating charges640/8€911€937▲
Gross operating margin9900€19,318€19,674▲
Operating profit (loss)9901-€4,571-€4,242▲
Financial charges65/66B€3,127€2,681▼
Recurring financial charges65€3,127€2,681▼
Profit (loss) for the period before taxes9903-€7,698-€6,922▲
Profit (loss) for the period9904-€7,698-€6,922▲
Profit (loss) for the period to be appropriated9905-€7,698-€6,922▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28,623-€35,545▼
Profit (loss) brought forward from the previous period14P-€20,925-€28,623▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,977€22,979€22,979€22,979€22,979=
Other operating charges640/8€828€807€888€911€937▲ 2.8%
Gross operating margin9900€17,094€10,753€18,106€19,318€19,674▲ 1.8%
Operating profit (loss)9901-€6,711-€13,033-€5,760-€4,571-€4,242▲ 7.2%
Financial charges65/66B€4,385€4,046€3,584€3,127€2,681▼ 14.3%
Recurring financial charges65€4,385€4,046€3,584€3,127€2,681▼ 14.3%
Profit (loss) for the period before taxes9903-€11,095-€17,079-€9,344-€7,698-€6,922▲ 10.1%
Profit (loss) for the period9904-€11,095-€17,079-€9,344-€7,698-€6,922▲ 10.1%
Profit (loss) for the period to be appropriated9905-€11,095-€17,079-€9,344-€7,698-€6,922▲ 10.1%
Line20212022202320242025Change
Assets
Total assets20/58€402,490€375,318€352,221€332,592€313,011▼ 5.9%
Fixed assets21/28€384,076€361,097€338,119€315,140€292,161▼ 7.3%
Tangible fixed assets22/27€384,076€361,097€338,119€315,140€292,161▼ 7.3%
Land and buildings22€165,398€157,419€149,439€141,459€133,480▼ 5.6%
Plant, machinery and equipment23€218,678€203,679€188,680€173,681€158,682▼ 8.6%
Current assets29/58€18,414€14,221€14,102€17,452€20,850▲ 19.5%
Amounts receivable within one year40/41€14,500€11,500€11,500€11,500€11,500=
Other amounts receivable41€14,500€11,500€11,500€11,500€11,500=
Cash at bank and in hand54/58€3,623€2,721€2,602€2,174€4,441▲ 104%
Deferred charges and accrued income490/1€290--€3,778€4,909▲ 29.9%
Equity and liabilities
Total equity and liabilities10/49€402,490€375,318€352,221€332,592€313,011▼ 5.9%
Equity10/15€25,958€8,880-€465-€8,163-€15,085▼ 84.8%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€5,498-€11,580-€20,925-€28,623-€35,545▼ 24.2%
Amounts payable17/49€376,531€366,439€352,685€340,755€328,096▼ 3.7%
Amounts payable after more than one year17€93,083€81,428€69,317€56,730€43,650▼ 23.1%
Financial debts170/4€93,083€81,428€69,317€56,730€43,650▼ 23.1%
Amounts payable within one year42/48€283,449€285,010€283,368€284,025€284,446▲ 0.1%
Current portion of amounts payable after more than one year42€11,214€11,654€12,112€12,587€13,080▲ 3.9%
Trade debts44€451€1,573€0€181€109▼ 40.0%
Suppliers440/4€451€1,573€0€181€109▼ 40.0%
Other amounts payable47/48€271,783€271,783€271,257€271,257€271,257=
Line20212022202320242025Change
Profit (loss) for the period9904-€11,095-€17,079-€9,344-€7,698-€6,922▲ 10.1%
+ Depreciation and write-downs630€22,977€22,979€22,979€22,979€22,979=
Operating cash flow (approximation)€11,882€5,900€13,635€15,280€16,056▲ 5.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€902-€119-€428€2,267▲ 630%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Weakest financial yearnet -€17,079
Net result drops to -€17,079, the lowest in the series; recovery starts the following year.
03-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
24-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
19-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
07-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Genappe · 1 establishment unit since 2006
seat establishment approximate The establishment unit on the map
Ground area
221 m²
Building footprint
34 m²
Volume, LiDAR
247 m³
Parcel 25003D0024/00K004, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N.A.T.
Chaussée de Charleroi 127, 1470 GenappeNACE 4525003
since 20062.162.459.107
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25003D0024/00K004 Wallonia 221 m² 1 · 34 m² 8.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded11-12-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.