N.B.S.
ActiveSummary
N.B.S. has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €46k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 18% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-9
Solvency41▲+7
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.88 in 2024; short-term debt: 84% and cash: 32.1% of total assets), and 84% of the assets are financed with debt.
Credit check 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
16%
Return on assets
6.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
1 d early
2022
1 d early
2021
3 d early
2020
25 d late
2019
67 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€46k▼ 51.2%
2024 · €95k
2018: €-42k
2019: €16k▲ +137% vs 2018
2020: €10k▼ -37.2% vs 2019
2021: €-20k▼ -297% vs 2020
2022: €-217k▼ -1014% vs 2021lowest in 8 years
2023: €100k▲ +146% vs 2022highest in 8 years
2024: €95k▼ -4.8% vs 2023
2025: €46k▼ -51.2% vs 2024
2018 → 2025
Working capital
€-4k▲ 94.2%
2024 · €-77k
2018: €31k
2019: €45k▲ +42.9% vs 2018
2020: €57k▲ +26.9% vs 2019highest in 8 years
2021: €-29k▼ -151% vs 2020
2022: €-224k▼ -676% vs 2021lowest in 8 years
2023: €-168k▲ +24.9% vs 2022
2024: €-77k▲ +54.5% vs 2023
2025: €-4k▲ +94.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€-133k€-33k▲ 75.1%€62k€108k▲ 74.8%
2021: €85k
2022: €-133k▼ -256% vs 2021lowest in 5 years
2023: €-33k▲ +75.1% vs 2022
2024: €62k▲ +287% vs 2023
2025: €108k▲ +74.8% vs 2024highest in 5 years
Operating result€-6k-€-201k▼ 3,059%€113k€118k▲ 4.4%€80k▼ 32.4%
2021: €-6k
2022: €-201k▼ -3059% vs 2021lowest in 5 years
2023: €113k▲ +156% vs 2022
2024: €118k▲ +4.4% vs 2023highest in 5 years
2025: €80k▼ -32.4% vs 2024
Net result€-20k-€-217k▼ 1,014%€100k€95k▼ 4.8%€46k▼ 51.2%
2021: €-20k
2022: €-217k▼ -1014% vs 2021lowest in 5 years
2023: €100k▲ +146% vs 2022highest in 5 years
2024: €95k▼ -4.8% vs 2023
2025: €46k▼ -51.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €674k
Fixed assets
€112k ▼ 18.8%
Current assets
€561k ▲ 2.0%
Equity and liabilities €674k
Equity
€108k ▲ 74.8%
Debt
€566k ▼ 9.8%
Debt's share of the balance-sheet total falls from 91.0% to 84.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122k▼
2024 · €156k
Cash flow
€89k▼
2024 · €133k
Current ratio
0.99▲
2024 · 0.88
Quick ratio
0.67▲
2024 · 0.36
Debt to equity
5.24▼
2024 · 10.15
ROE
42.8%▼
2024 · 153.4%
ROA
6.9%▼
2024 · 13.8%
Interest coverage
14.33▲
2024 · 13.84
Debt ≤ 1 year
€566k▼
2024 · €627k
Income taxes
€25k▲
2024 · €12k
Staff costs
€656k▲
2024 · €651k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€689k€674k▼
Fixed assets21/28€138k€112k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€122k€98k▼
Plant, machinery and equipment23€100k€85k▼
Furniture and vehicles24€22k€14k▼
Financial fixed assets28€14k€14k=
Current assets29/58€550k€561k▲
Stocks and contracts in progress3€326k€181k▼
Stocks30/36€326k€181k▼
Amounts receivable within one year40/41€111k€127k▲
Trade receivables40€111k€127k▲
Cash at bank and in hand54/58€104k€216k▲
Deferred charges and accrued income490/1€9k€37k▲
Equity and liabilities
Total equity and liabilities10/49€689k€674k▼
Equity10/15€62k€108k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€41k€88k▲
Amounts payable17/49€627k€566k▼
Amounts payable within one year42/48€627k€566k▼
Trade debts44€181k€200k▲
Suppliers440/4€181k€200k▲
Taxes, remuneration and social security45€71k€86k▲
Taxes450/3€12k€25k▲
Remuneration and social security454/9€59k€61k▲
Other amounts payable47/48€375k€280k▼
Income statement
Code20242025
Remuneration, social security and pensions62€651k€656k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€42k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€810k€782k▼
Operating profit (loss)9901€118k€80k▼
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€107k€71k▼
Income taxes67/77€12k€25k▲
Profit (loss) for the period9904€95k€46k▼
Profit (loss) for the period to be appropriated9905€95k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€88k▲
Profit (loss) brought forward from the previous period14P€-53k€41k▲
Social balance
Average headcount (FTE)908713.913.7▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €643k | €685k | €644k | €651k | €656k | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €25k | €33k | €38k | €42k | ▲ 11.7% |
| Other operating charges640/8 | €7k | €7k | €5k | €3k | €3k | ▲ 13.9% |
| Gross operating margin9900 | €661k | €516k | €794k | €810k | €782k | ▼ 3.5% |
| Operating profit (loss)9901 | €-6k | €-201k | €113k | €118k | €80k | ▼ 32.4% |
| Financial charges65/66B | €13k | €17k | €13k | €11k | €9k | ▼ 24.3% |
| Recurring financial charges65 | €13k | €17k | €13k | €11k | €9k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €-19k | €-217k | €100k | €107k | €71k | ▼ 33.2% |
| Income taxes67/77 | €175 | - | - | €12k | €25k | ▲ 111% |
| Profit (loss) for the period9904 | €-20k | €-217k | €100k | €95k | €46k | ▼ 51.2% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-217k | €100k | €95k | €46k | ▼ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €906k | €687k | €707k | €689k | €674k | ▼ 2.2% |
| Fixed assets21/28 | €114k | €92k | €135k | €138k | €112k | ▼ 18.8% |
| Intangible fixed assets21 | €8k | €6k | €4k | €2k | - | - |
| Tangible fixed assets22/27 | €77k | €57k | €117k | €122k | €98k | ▼ 19.6% |
| Plant, machinery and equipment23 | €4k | €2k | €81k | €100k | €85k | ▼ 15.5% |
| Furniture and vehicles24 | €73k | €55k | €37k | €22k | €14k | ▼ 38.2% |
| Financial fixed assets28 | €29k | €29k | €14k | €14k | €14k | = |
| Current assets29/58 | €792k | €595k | €572k | €550k | €561k | ▲ 2.0% |
| Stocks and contracts in progress3 | €685k | €419k | €392k | €326k | €181k | ▼ 44.4% |
| Stocks30/36 | €685k | €419k | €392k | €326k | €181k | ▼ 44.4% |
| Amounts receivable within one year40/41 | €94k | €128k | €120k | €111k | €127k | ▲ 14.2% |
| Trade receivables40 | €94k | €128k | €120k | €111k | €127k | ▲ 14.2% |
| Cash at bank and in hand54/58 | €4k | €17k | €29k | €104k | €216k | ▲ 108% |
| Deferred charges and accrued income490/1 | €9k | €31k | €31k | €9k | €37k | ▲ 292% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €906k | €687k | €707k | €689k | €674k | ▼ 2.2% |
| Equity10/15 | €85k | €-133k | €-33k | €62k | €108k | ▲ 74.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €64k | €-153k | €-53k | €41k | €88k | ▲ 112% |
| Amounts payable17/49 | €821k | €819k | €740k | €627k | €566k | ▼ 9.8% |
| Amounts payable within one year42/48 | €821k | €819k | €740k | €627k | €566k | ▼ 9.8% |
| Financial debts43 | €4k | - | - | - | - | - |
| Credit institutions430/8 | €4k | - | - | - | - | - |
| Trade debts44 | €365k | €298k | €229k | €181k | €200k | ▲ 10.1% |
| Suppliers440/4 | €365k | €298k | €229k | €181k | €200k | ▲ 10.1% |
| Taxes, remuneration and social security45 | €62k | €61k | €62k | €71k | €86k | ▲ 21.5% |
| Taxes450/3 | - | - | - | €12k | €25k | ▲ 113% |
| Remuneration and social security454/9 | €62k | €61k | €62k | €59k | €61k | ▲ 3.2% |
| Other amounts payable47/48 | €391k | €460k | €450k | €375k | €280k | ▼ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-217k | €100k | €95k | €46k | ▼ 51.2% |
| + Depreciation and write-downs630 | €18k | €25k | €33k | €38k | €42k | ▲ 11.7% |
| Operating cash flow (approximation) | €-2k | €-192k | €132k | €133k | €89k | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | €-3k | €-76k | €-41k | €-16k | ▲ 59.9% |
| Change in cash | - | €14k | €11k | €75k | €112k | ▲ 49.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €108k ▲74.8%
3 profitable years in a row build equity to €108k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €100k
Net result €100k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Equity above €100kEq €104k ▲10.5%
2 profitable years in a row build equity to €104k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Brussel · 3 establishment units since 2006
Ground area
1.1 ha
Building footprint
1.0 ha
Volume, LiDAR
47,430 m³
3 parcels, Brussels · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
3 establishment units
TAGAWA
since 20062.151.128.319
TAGAWA
since 20152.243.952.270
TAGAWA
since 20162.252.745.915
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0073/00W000 | Brussels | 1.1 ha | 1 · 9,598 m² | 11.8 m · 1 fl. |
| 21807G0156/00E000 | Brussels | 390 m² | 1 · 394 m² | 22.3 m · 6 fl. |
| 21002A0096/00B017 | Brussels | 363 m² | 1 · 202 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesBrussel2.151.128.319
Oudergem2.252.745.915
Sint-Pieters-Woluwe2.243.952.270
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Of 1,423 companies in sector 46389 we hold annual accounts for 853. 568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
46494Wholesale of non-electrical household articles
47279Other retail sale of food
47552Retail sale of lighting equipment
Contact
Phone
02/640.50.95Brussel
Scores and ratios are computed by Checked and are not a credit decision.