N.C.M.A.
The computed 12-month bankruptcy probability of N.C.M.A. is 1.2% (low). The 2023 annual accounts show negative equity (€-2.20M) and a net result of €-348k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 879 sector peers (fiscal year 2023). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-2.20M |
| Net result | €-348k |
| Staff (FTE) | 10.2 |
| Better than sector | 5% |
Mixed profile: strong on stability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -225.6% | 26.4% | |
| Net result | €-348k | €24k | |
| Equity | €-2.20M | €152k | |
| Gross operating margin | €240k | €178k | |
| Staff costs | €471k | €154k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-266k |
| Net profit | €-348k |
| Cash flow | €-285k |
| Staff costs | €471k |
| Income taxes | - |
| Dividends | - |
| Total assets | €975k |
| Equity | €-2.20M |
| Debt | €3.17M |
| of which ≤ 1y | €1.71M |
| of which > 1y | €1.30M |
| Working capital | €-1.16M |
| Employees (FTE) | 10.2 |
| 2023 | |
|---|---|
| Current ratio | 0.32 |
| Quick ratio | 0.15 |
| Working capital ratio | -118.7% |
| Solvency | -225.6% |
| Debt / equity | -1.44 |
| Long-term debt ratio | -0.59 |
| Interest coverage | -13.14 |
| Gross margin | - |
| Net margin | - |
| ROA | -35.7% |
| ROE | 15.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €975k |
| Fixed assets | 21/28 | €420k |
| Intangible fixed assets | 21 | €1k |
| Tangible fixed assets | 22/27 | €418k |
| Current assets | 29/58 | €555k |
| Stocks & contracts in progress | 3 | €299k |
| Amounts receivable within one year | 40/41 | €203k |
| Cash & bank | 54/58 | €53k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €975k |
| Equity | 10/15 | €-2.20M |
| Contributions / capital | 10/11 | €1.23M |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €-3.43M |
| Amounts payable | 17/49 | €3.17M |
| Amounts payable after one year | 17 | €1.30M |
| Amounts payable within one year | 42/48 | €1.71M |
| Trade debts payable within one year | 44 | €1,000k |
| Income statement | ||
| Gross operating margin | 9900 | €240k |
| Operating result | 9901 | €-328k |
| Financial income | 75 | €967 |
| Financial charges | 65 | €20k |
| Result before taxes | 9903 | €-348k |
| Net result for the period | 9904 | €-348k |
| Result to be appropriated | 9905 | €-348k |
| NACE primary | Wholesale trade(46349) |
| Legal form | Public limited company(014) |
| Incorporation | 25-09-1994 |
| Status | Active |
| Postal code | 2360 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F0323/00A002 | Flanders | 7,366 m² | 1 · 3,472 m² | 8.7 m · 2 fl. |
| 13031C0791/00K000 | Flanders | 4,562 m² | 1 · 1,156 m² | 6.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
18-09-2024 Mandate of Michielsen Joannes as director expired
- Michielsen Joannes, Bestuurder
Technical details
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"reason": "end_of_term",
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"effective_date": "2024-09-09",
"evidence_quote": "Onderhavige Algemene Vergadering bevestigt met \u00E9\u00E9nparigheid van stemmen dat het mandaat van dhr. Michielsen Joannes, wonende te Brooseinde 29, 2360 Oud-Turnhout, ten einde is gekomen na de Algemene Vergadering der aandeelhouders gehouden in 2018.",
"decharge_status": "granted",
"mandate_duration": {
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"value": "2018"
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"act_meta": {
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"pub_date": "2024-09-18",
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"act_kind_objet": "Onderwerp akte:"
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"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-08-22",
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}05-12-2023 Michel Keersmaekers resigns as director
- Michel Keersmaekers, Bestuurder
Technical details
{
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"effective_date": "2023-11-24",
"evidence_quote": "Het ontslag van dhr. Michel Keersmaekers, wonende te 2460 Kasterleen Hinnekensbergen 22 als bestuurder van de vennootschap.",
"decharge_status": "pending_next_agm",
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{
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"evidence_quote": "Over de kwijting van zijn mandaat zal beslist worden op de eerstvolgende gewone algemene vergadering.",
"decharge_status": "pending_next_agm",
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],
"notary": {
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"is_associated": false
},
"act_meta": {
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"pub_date": "2023-12-05",
"filing_date": "2023-11-24",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2023-11-22",
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}
],
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"subject_company": {
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"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | N.C.M.A. |