NAAM
ActiveSummary
NAAM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,391 and a net result of €53,544. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-9
Solvency53▼-47
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 7.5 in 2024; short-term debt: 30.9% and cash: 24.1% of total assets), and 72.1% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
27.9%
Return on assets
7.4%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
5 d early
2022
6 d early
2021
15 d early
2020
on the day
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€203,391▼ 21.5%
2024 · €258,964
Total assets
€728,469▲ 144%
2024 · €298,815
Net result
€53,544▲ 25.7%
2024 · €42,604
Working capital
€69,565▼ 72.4%
2024 · €251,869
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,371▲ 262%€40,481▼ 56.6%€65,653▲ 62.2%€58,574▼ 10.8%€79,112▲ 35.1%
Net result€65,472above the sector's middle half▲ 289%€26,825within the sector's middle half▼ 59.0%€45,432above the sector's middle half▲ 69.4%€42,604above the sector's middle half▼ 6.2%€53,544within the sector's middle half▲ 25.7%
Equity€161,258above the sector's middle half▲ 68.4%€188,083above the sector's middle half▲ 16.6%€216,360above the sector's middle half▲ 15.0%€258,964above the sector's middle half▲ 19.7%€203,391within the sector's middle half▼ 21.5%
Total assets€212,434within the sector's middle half▲ 67.0%€222,819within the sector's middle half▲ 4.9%€267,919within the sector's middle half▲ 20.2%€298,815within the sector's middle half▲ 11.5%€728,469within the sector's middle half▲ 144%
Debt€51,176▲ 62.7%€34,736▼ 32.1%€51,559▲ 48.4%€39,851▼ 22.7%€525,077▲ 1,218%
Working capital€130,039above the sector's middle half▲ 123%€162,197above the sector's middle half▲ 24.7%€200,079above the sector's middle half▲ 23.4%€251,869above the sector's middle half▲ 25.9%€69,565within the sector's middle half▼ 72.4%
Solvency75.9%above the sector's middle half▲ 0.6pp84.4%above the sector's middle half▲ 8.5pp80.8%above the sector's middle half▼ 3.7pp86.7%above the sector's middle half▲ 5.9pp27.9%within the sector's middle half▼ 58.7pp
Current ratio3.54within the sector's middle half▲ 0.695.67above the sector's middle half▲ 2.134.88above the sector's middle half▼ 0.797.50above the sector's middle half▲ 2.621.31within the sector's middle half▼ 6.19
Return on assets (ROA)30.8%above the sector's middle half▲ 17.6pp12.0%within the sector's middle half▼ 18.8pp17.0%within the sector's middle half▲ 4.9pp14.3%within the sector's middle half▼ 2.7pp7.4%within the sector's middle half▼ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €728,469
Fixed assets
€433,593 ▲ 5,196%
Current assets
€294,876 ▲ 1.5%
Equity and liabilities €728,469
Equity
€203,391 ▼ 21.5%
Debt
€525,077 ▲ 1,218%
Debt's share of the balance-sheet total rises from 13.3% to 72.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84,362▲
2024 · €69,587
Cash flow
€58,794▲
2024 · €53,617
Debt to equity
2.58▲
2024 · 0.15
ROE
26.3%▲
2024 · 16.5%
Interest coverage
52.32▼
2024 · 59.63
Debt ≤ 1 year
€225,312▲
2024 · €38,759
Debt > 1 year
€298,674
Income taxes
€27,805▲
2024 · €18,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,987 | €10,405 | €10,988 | €11,012 | €5,250 | ▼ 52.3% |
| Other operating charges640/8 | €134 | €288 | €237 | €167 | €206 | ▲ 23.2% |
| Non-recurring operating charges66A | - | - | €314 | - | - | - |
| Gross operating margin9900 | €103,492 | €51,175 | €77,192 | €69,754 | €84,568 | ▲ 21.2% |
| Operating profit (loss)9901 | €93,371 | €40,481 | €65,653 | €58,574 | €79,112 | ▲ 35.1% |
| Financial income75/76B | €0 | €0 | €6 | €3,640 | €3,849 | ▲ 5.8% |
| Recurring financial income75 | €0 | €0 | €6 | €3,640 | €3,849 | ▲ 5.8% |
| Financial charges65/66B | €937 | €948 | €908 | €1,167 | €1,612 | ▲ 38.2% |
| Recurring financial charges65 | €937 | €948 | €908 | €1,167 | €1,612 | ▲ 38.2% |
| Profit (loss) for the period before taxes9903 | €92,434 | €39,533 | €64,750 | €61,047 | €81,350 | ▲ 33.3% |
| Income taxes67/77 | €26,963 | €12,708 | €19,319 | €18,443 | €27,805 | ▲ 50.8% |
| Profit (loss) for the period9904 | €65,472 | €26,825 | €45,432 | €42,604 | €53,544 | ▲ 25.7% |
| Profit (loss) for the period to be appropriated9905 | €65,472 | €26,825 | €45,432 | €42,604 | €53,544 | ▲ 25.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,434 | €222,819 | €267,919 | €298,815 | €728,469 | ▲ 144% |
| Fixed assets21/28 | €31,233 | €25,886 | €16,281 | €8,187 | €433,593 | ▲ 5,196% |
| Intangible fixed assets21 | €616 | €332 | €48 | - | - | - |
| Tangible fixed assets22/27 | €30,618 | €25,554 | €16,233 | €8,187 | €5,593 | ▼ 31.7% |
| Plant, machinery and equipment23 | €1,359 | €3,095 | €3,020 | €2,006 | €1,315 | ▼ 34.5% |
| Furniture and vehicles24 | €19,609 | €15,999 | €9,944 | €6,104 | €4,251 | ▼ 30.4% |
| Other tangible fixed assets26 | €9,650 | €6,459 | €3,269 | €78 | €27 | ▼ 65.2% |
| Financial fixed assets28 | - | - | - | - | €428,000 | - |
| Current assets29/58 | €181,201 | €196,933 | €251,638 | €290,628 | €294,876 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €39,808 | €37,477 | €37,488 | €60,750 | €15,744 | ▼ 74.1% |
| Trade receivables40 | €39,801 | €32,170 | €37,474 | €60,738 | €15,730 | ▼ 74.1% |
| Other amounts receivable41 | €8 | €5,307 | €14 | €13 | €14 | ▲ 10.0% |
| Current investments50/53 | - | - | - | €100,000 | €100,000 | = |
| Cash at bank and in hand54/58 | €141,392 | €159,456 | €214,150 | €126,220 | €175,493 | ▲ 39.0% |
| Deferred charges and accrued income490/1 | - | - | - | €3,658 | €3,639 | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,434 | €222,819 | €267,919 | €298,815 | €728,469 | ▲ 144% |
| Equity10/15 | €161,258 | €188,083 | €216,360 | €258,964 | €203,391 | ▼ 21.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €148,858 | €175,683 | €203,960 | €246,564 | €190,991 | ▼ 22.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €146,998 | €173,823 | €203,960 | €246,564 | €190,991 | ▼ 22.5% |
| Amounts payable17/49 | €51,176 | €34,736 | €51,559 | €39,851 | €525,077 | ▲ 1,218% |
| Amounts payable after more than one year17 | - | - | - | - | €298,674 | - |
| Financial debts170/4 | - | - | - | - | €298,674 | - |
| Amounts payable within one year42/48 | €51,162 | €34,736 | €51,559 | €38,759 | €225,312 | ▲ 481% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €86,526 | - |
| Trade debts44 | €11,488 | €12,801 | €10,085 | €16,930 | €3,343 | ▼ 80.3% |
| Suppliers440/4 | €11,488 | €12,801 | €10,085 | €16,930 | €3,343 | ▼ 80.3% |
| Taxes, remuneration and social security45 | €18,473 | €3,983 | €5,945 | €4,980 | €6,818 | ▲ 36.9% |
| Taxes450/3 | €18,473 | €3,983 | €5,945 | €4,980 | €6,818 | ▲ 36.9% |
| Other amounts payable47/48 | €21,200 | €17,952 | €35,529 | €16,849 | €128,625 | ▲ 663% |
| Accrued charges and deferred income492/3 | €14 | - | - | €1,092 | €1,092 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,472 | €26,825 | €45,432 | €42,604 | €53,544 | ▲ 25.7% |
| + Depreciation and write-downs630 | €9,987 | €10,405 | €10,988 | €11,012 | €5,250 | ▼ 52.3% |
| Operating cash flow (approximation) | €75,459 | €37,230 | €56,420 | €53,617 | €58,794 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | -€5,057 | -€1,383 | -€2,919 | -€430,655 | ▼ 14,656% |
| Change in cash | - | €18,064 | €54,694 | -€87,931 | €49,274 | ▲ 156% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €216,360 ▲15%
6 profitable years in a row build equity to €216,360.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €65,472 ▲289%
Operating result €93,371, net result €65,472, both a record.
30-09
Financial
Equity above €150,000Eq €161,258 ▲68.4%
4 profitable years in a row build equity to €161,258.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €5,920 ▼65.5%
Net result drops to €5,920, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Gavere · 1 establishment unit since 2013
Ground area
619 m²
Building footprint
216 m²
Volume, LiDAR
1,020 m³
Parcel 44060A0453/00S000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint Pietersstraat 2, 9890 Gavere
since 20132.219.457.295
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44060A0453/00S000 | Flanders | 619 m² | 1 · 216 m² | 7.9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the annual accounts to 30-09-2025 of NAAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493007BAIJVPOR8JY37
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,119 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
Founded21-05-2013
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534583826
Also
9925:BE0534583826
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.