Turnover
≈ €170,000 estimated
The accounts state no turnover.
NBN
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €69,396 (2015)
€47,501▲ 4.4%
lowest -€31,803 (2009)
€2,191▲ €5,092
peak €338,756 (2021)
€327,200▲ 0.7%
€247,371▼ 14.0%
Board9 names since 2018
3 directorsCharles-Edmond de Sauvage and 2 others
Owners
Documentsfilings and deeds
30-08-202630 days late
2025financial year
Back to profit: €2,191Cash from €14,418 to €4,437
Key points
from the 2025 annual accountsFilings
25 annual accounts since 2001
Three of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 43% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.4%▲ +0.1 percentage points vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.1%▼ -0.4 percentage points vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.72, cash €4,437, halved
lowers risk
Size: total assets €612,148
Legal form: public limited company
Equity €327,200 (53.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 46% of them on solvency, 42% on liquidity, 35% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as NBN has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NBN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for NBN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.72 (4.99 in 2024), above the usual 1.5. Short-term debt is 7.9% and cash 0.7% of total assets. 46.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
26 days late
2023
30 days late
2022
26 days early
2021
30 days early
2020
2 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 1 day before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471700805
Registered-office move · Resignations & appointments
Director in office: Paul de SAUVAGE VERCOUR (managing director) · General meeting of 21-06-2023 · Gazette deed
3 directors appointed, 3 resignations
Resignations: Sacofi s.a. (managing director), AAV srl and Ets Auguste Defoux srl · Appointments: Paul de Sauvage (managing director), Charles-Edmond de Sauvage and Maje Finance srl · Permanent representative: Maxime Jehin · General meeting of 19-08-2022 · Gazette deed
3 directors appointed
Sacofi SA (managing director), Etablissements Auguste Defoux sprl and AAV sprlu · Permanent representatives: Paul de Sauvage Vercour and Benoît de Sauvage · General meeting of 26-02-2018 · Gazette deed
Official details
Source: KBO- Status
- Active since 14-04-2000Normal situation
- Registered office
- 93 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.093.869.3185020 Namur, since 09-06-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 30-03-2026
Insights on NBN
NBN has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327,200 and a net result of €2,191.
Equity has been stable since 2019 (±0.2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NBN
- What is the company number of NBN?
- The company number of NBN is 0471.700.805. The VAT number is the same number with BE in front: BE 0471.700.805.
- Where is NBN based?
- The registered office is at Avenue d'Ecolys 2, 5020 Namur.Company details
- What is the legal form of NBN?
- NBN is a public limited company (NV).
- When was NBN founded?
- NBN was founded on 14-04-2000.
- Is NBN still active?
- Yes, NBN is an active enterprise in the KBO register.
- What is the turnover of NBN?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €47,501 and 1,231 comparable companies of the same size. It probably lies between €91,000 and €320,000. It is a rough estimate.Financials
- Is NBN profitable?
- In financial year 2025, NBN made a profit of €2,191.
- Where can I find the annual accounts of NBN?
- NBN filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NBN due?
- NBN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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