N2DERM
ActiveSummary
N2DERM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €737k and a net result of €146k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 4.01 against 4.41 in 2024; short-term debt: 22.2% and cash: 42.3% of total assets), and 22.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer 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
77.8%
Return on assets
15.4%
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
21 d late
2022
23 d late
2021
29 d late
2020
31 d late
2019
40 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, abbreviated schema
Equity
€737k▲ 13.6%
2024 · €649k
2018: €374klowest in 8 years
2019: €438k▲ +17.2% vs 2018
2020: €408k▼ -6.9% vs 2019
2021: €448k▲ +9.7% vs 2020
2022: €503k▲ +12.2% vs 2021
2023: €591k▲ +17.7% vs 2022
2024: €649k▲ +9.7% vs 2023
2025: €737k▲ +13.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€947k▲ 16.5%
2024 · €813k
2018: €424klowest in 8 years
2019: €515k▲ +21.6% vs 2018
2020: €593k▲ +15.0% vs 2019
2021: €581k▼ -1.9% vs 2020
2022: €632k▲ +8.8% vs 2021
2023: €739k▲ +16.8% vs 2022
2024: €813k▲ +10.1% vs 2023
2025: €947k▲ +16.5% vs 2024highest in 8 years
2018 → 2025
Net result
€146k▲ 20.2%
2024 · €121k
2018: €38klowest in 8 years
2019: €64k▲ +67.8% vs 2018
2020: €57k▼ -11.4% vs 2019
2021: €72k▲ +25.8% vs 2020
2022: €82k▲ +13.5% vs 2021
2023: €127k▲ +55.7% vs 2022
2024: €121k▼ -4.6% vs 2023
2025: €146k▲ +20.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€631k▲ 12.4%
2024 · €561k
2018: €364k
2019: €433k▲ +18.9% vs 2018
2020: €346k▼ -20.2% vs 2019lowest in 8 years
2021: €392k▲ +13.3% vs 2020
2022: €457k▲ +16.8% vs 2021
2023: €510k▲ +11.5% vs 2022
2024: €561k▲ +10.1% vs 2023
2025: €631k▲ +12.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€448k-€503k▲ 12.2%€591k▲ 17.7%€649k▲ 9.7%€737k▲ 13.6%
2021: €448klowest in 5 years
2022: €503k▲ +12.2% vs 2021
2023: €591k▲ +17.7% vs 2022
2024: €649k▲ +9.7% vs 2023
2025: €737k▲ +13.6% vs 2024highest in 5 years
Operating result€97k-€111k▲ 14.6%€160k▲ 43.8%€143k▼ 10.4%€183k▲ 27.9%
2021: €97klowest in 5 years
2022: €111k▲ +14.6% vs 2021
2023: €160k▲ +43.8% vs 2022
2024: €143k▼ -10.4% vs 2023
2025: €183k▲ +27.9% vs 2024highest in 5 years
Net result€72k-€82k▲ 13.5%€127k▲ 55.7%€121k▼ 4.6%€146k▲ 20.2%
2021: €72klowest in 5 years
2022: €82k▲ +13.5% vs 2021
2023: €127k▲ +55.7% vs 2022
2024: €121k▼ -4.6% vs 2023
2025: €146k▲ +20.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €947k
Fixed assets
€106k ▲ 21.6%
Current assets
€841k ▲ 15.9%
Equity and liabilities €947k
Equity
€737k ▲ 13.6%
Debt
€210k ▲ 27.6%
Debt's share of the balance-sheet total rises from 20.2% to 22.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€214k▲
2024 · €182k
Cash flow
€176k▲
2024 · €160k
Current ratio
4.01▼
2024 · 4.41
Debt to equity
0.28▲
2024 · 0.25
ROE
19.7%▲
2024 · 18.7%
ROA
15.4%▲
2024 · 14.9%
Interest coverage
330.06▲
2024 · 322.67
Debt ≤ 1 year
€210k▲
2024 · €165k
Income taxes
€64k▲
2024 · €51k
Staff costs
€18k▼
2024 · €19k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€813k€947k▲
Fixed assets21/28€87k€106k▲
Tangible fixed assets22/27€87k€106k▲
Plant, machinery and equipment23€68k€51k▼
Furniture and vehicles24€19k€19k▼
Other tangible fixed assets26-€37k
Current assets29/58€726k€841k▲
Amounts receivable after more than one year29-€348k
Other amounts receivable291-€348k
Amounts receivable within one year40/41€349k€45▼
Trade receivables40€1k-
Other amounts receivable41€348k€45▼
Cash at bank and in hand54/58€322k€401k▲
Deferred charges and accrued income490/1€55k€92k▲
Equity and liabilities
Total equity and liabilities10/49€813k€947k▲
Equity10/15€649k€737k▲
Contributions10/11€19k€19k=
Reserves13€630k€718k▲
Distributable reserves133€630k€718k▲
Amounts payable17/49€165k€210k▲
Amounts payable within one year42/48€165k€210k▲
Current portion of amounts payable after more than one year42€5k-
Financial debts43-€19
Credit institutions430/8-€19
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€12k€77k▲
Taxes450/3€8k€75k▲
Remuneration and social security454/9€4k€1k▼
Other amounts payable47/48€142k€125k▼
Income statement
Code20242025
Remuneration, social security and pensions62€19k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€31k▼
Other operating charges640/8€387€588▲
Gross operating margin9900€201k€233k▲
Operating profit (loss)9901€143k€183k▲
Financial income75/76B€29k€27k▼
Recurring financial income75€29k€27k▼
Financial charges65/66B€564€649▲
Recurring financial charges65€564€649▲
Profit (loss) for the period before taxes9903€172k€210k▲
Income taxes67/77€51k€64k▲
Profit (loss) for the period9904€121k€146k▲
Profit (loss) for the period to be appropriated9905€121k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€146k▲
Transfer from equity791/2€64k€57k▼
Transfer to equity691/2€121k€146k▲
To other reserves6921€121k€146k▲
Profit to be distributed694/7€64k€57k▼
Return on contributions (dividend)694€64k€57k▼
Social balance
Average headcount (FTE)90870.60.6=
The notes to these accounts (8 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 | - | - | €17k | €19k | €18k | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €26k | €30k | €39k | €31k | ▼ 20.0% |
| Other operating charges640/8 | €348 | €348 | €835 | €387 | €588 | ▲ 51.8% |
| Gross operating margin9900 | €123k | €138k | €208k | €201k | €233k | ▲ 15.7% |
| Operating profit (loss)9901 | €97k | €111k | €160k | €143k | €183k | ▲ 27.9% |
| Financial income75/76B | €4k | €4k | €21k | €29k | €27k | ▼ 6.5% |
| Recurring financial income75 | €4k | €4k | €21k | €29k | €27k | ▼ 6.5% |
| Financial charges65/66B | €692 | €684 | €526 | €564 | €649 | ▲ 15.1% |
| Recurring financial charges65 | €692 | €684 | €526 | €564 | €649 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €100k | €114k | €180k | €172k | €210k | ▲ 22.1% |
| Income taxes67/77 | €28k | €33k | €53k | €51k | €64k | ▲ 26.7% |
| Profit (loss) for the period9904 | €72k | €82k | €127k | €121k | €146k | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €72k | €82k | €127k | €121k | €146k | ▲ 20.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €581k | €632k | €739k | €813k | €947k | ▲ 16.5% |
| Fixed assets21/28 | €85k | €63k | €87k | €87k | €106k | ▲ 21.6% |
| Tangible fixed assets22/27 | €85k | €63k | €87k | €87k | €106k | ▲ 21.6% |
| Plant, machinery and equipment23 | €38k | €26k | €53k | €68k | €51k | ▼ 25.8% |
| Furniture and vehicles24 | €47k | €37k | €34k | €19k | €19k | ▼ 2.4% |
| Other tangible fixed assets26 | - | - | - | - | €37k | - |
| Financial fixed assets28 | €73 | - | - | - | - | - |
| Current assets29/58 | €496k | €570k | €652k | €726k | €841k | ▲ 15.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €348k | - |
| Other amounts receivable291 | - | - | - | - | €348k | - |
| Amounts receivable within one year40/41 | €369k | €355k | €351k | €349k | €45 | ▼ 100.0% |
| Trade receivables40 | - | - | €637 | €1k | - | - |
| Other amounts receivable41 | €369k | €355k | €351k | €348k | €45 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €122k | €212k | €274k | €322k | €401k | ▲ 24.6% |
| Deferred charges and accrued income490/1 | €5k | €3k | €26k | €55k | €92k | ▲ 68.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €581k | €632k | €739k | €813k | €947k | ▲ 16.5% |
| Equity10/15 | €448k | €503k | €591k | €649k | €737k | ▲ 13.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €429k | €484k | €573k | €630k | €718k | ▲ 14.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €427k | €482k | €573k | €630k | €718k | ▲ 14.0% |
| Amounts payable17/49 | €133k | €130k | €147k | €165k | €210k | ▲ 27.6% |
| Amounts payable after more than one year17 | €29k | €17k | €5k | - | - | - |
| Financial debts170/4 | €29k | €17k | €5k | - | - | - |
| Amounts payable within one year42/48 | €104k | €113k | €142k | €165k | €210k | ▲ 27.6% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €12k | €5k | - | - |
| Financial debts43 | €218 | €203 | €84 | - | €19 | - |
| Credit institutions430/8 | €218 | €203 | €84 | - | €19 | - |
| Trade debts44 | €11k | €13k | €5k | €6k | €8k | ▲ 45.3% |
| Suppliers440/4 | €11k | €13k | €5k | €6k | €8k | ▲ 45.3% |
| Taxes, remuneration and social security45 | €27k | €14k | €28k | €12k | €77k | ▲ 560% |
| Taxes450/3 | €27k | €14k | €25k | €8k | €75k | ▲ 863% |
| Remuneration and social security454/9 | - | - | €2k | €4k | €1k | ▼ 64.3% |
| Other amounts payable47/48 | €54k | €73k | €98k | €142k | €125k | ▼ 12.2% |
| Accrued charges and deferred income492/3 | €29 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €82k | €127k | €121k | €146k | ▲ 20.2% |
| + Depreciation and write-downs630 | €25k | €26k | €30k | €39k | €31k | ▼ 20.0% |
| Operating cash flow (approximation) | €97k | €108k | €157k | €160k | €176k | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | €-3k | €-54k | €-39k | €-50k | ▼ 27.1% |
| Change in cash | - | €91k | €62k | €47k | €79k | ▲ 67.1% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €146k ▲20.2%
Operating result €183k, net result €146k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Equity above €500kEq €503k ▲12.2%
5 profitable years in a row build equity to €503k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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.
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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, Wemmel · 1 establishment unit since 2008
Ground area
936 m²
Building footprint
139 m²
Volume, LiDAR
645 m³
Parcel 22005A0061/00A002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
N2DERM
since 20082.276.195.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0061/00A002 | Flanders | 936 m² | 1 · 138 m² | 7.7 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.
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Of 16,625 companies in sector 86220 we hold annual accounts for 7,979. 6,108 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
Founded14-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
Scores and ratios are computed by Checked and are not a credit decision.