NAAMDAR
ActiveThe computed 12-month bankruptcy probability of NAAMDAR is 5.1% (elevated). The 2025 annual accounts show equity of €154k and a net result of €15k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 13071 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▼ -6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-2
Solvency95▲+11
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.51 in 2024), and 43.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
56.7%
Return on assets
5.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-02-2026, 6 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 · 6 filingsDeviation from the deadline
2025
6 d late
2024
28 d late
2023
1 d early
2022
on the day
2021
on the day
2020
15 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▲ 10.9%
2024 · €139k
2020: €20k
2021: €97k
2022: €122k
2023: €125k
2024: €139k
2020 → 2025
Total assets
€271k▼ 1.6%
2024 · €276k
2020: €59k
2021: €160k
2022: €204k
2023: €285k
2024: €276k
2020 → 2025
Net result
€15k▲ 8.2%
2024 · €14k
2020: €15k
2021: €77k
2022: €93k
2023: €3k
2024: €14k
2020 → 2025
Working capital
€103k▲ 46.7%
2024 · €70k
2020: €8k
2021: €62k
2022: €47k
2023: €43k
2024: €70k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€122k▲ 26.1%€125k▲ 2.1%€139k▲ 11.3%€154k▲ 10.9%
Operating result€93k-€119k▲ 27.3%€7k▼ 93.8%€26k▲ 248%€23k▼ 10.5%
Net result€77k-€93k▲ 20.1%€3k▼ 97.3%€14k▲ 460%€15k▲ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271k
Fixed assets
€51k▼ 25.7%
Current assets
€220k▲ 6.4%
Equity and liabilities €271k
Equity
€154k▲ 10.9%
Debt
€117k▼ 14.2%
The debt ratio falls from 49.7% to 43.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€43k▼
2024 · €45k
Cash flow
€35k▲
2024 · €33k
Solvency
56.7%▲
2024 · 50.3%
Current ratio
1.88▲
2024 · 1.51
Quick ratio
1.88▲
2024 · 1.51
Debt / equity
0.76▼
2024 · 0.99
ROE
9.9%▼
2024 · 10.1%
ROA
5.6%▲
2024 · 5.1%
Interest coverage
19.46▲
2024 · 7.04
Debt
€117k▼
2024 · €137k
Debt ≤ 1 year
€117k▼
2024 · €137k
Income taxes
€6k▲
2024 · €5k
Staff costs
€196k▼
2024 · €216k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€276k€271k▼
Formation expenses20€0€0=
Fixed assets21/28€68k€51k▼
Tangible fixed assets22/27€68k€51k▼
Plant, machinery and equipment23€36k€24k▼
Furniture and vehicles24€16k€14k▼
Other tangible fixed assets26€16k€13k▼
Current assets29/58€207k€220k▲
Amounts receivable within one year40/41€172k€130k▼
Trade receivables40€42k€16k▼
Other amounts receivable41€129k€114k▼
Cash at bank and in hand54/58€35k€90k▲
Equity and liabilities
Total equity and liabilities10/49€276k€271k▼
Equity10/15€139k€154k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€134k€149k▲
Amounts payable17/49€137k€117k▼
Amounts payable within one year42/48€137k€117k▼
Current portion of amounts payable after more than one year42€14k-
Trade debts44€56k€75k▲
Suppliers440/4€56k€75k▲
Taxes, remuneration and social security45€38k€43k▲
Taxes450/3€11k€17k▲
Remuneration and social security454/9€27k€25k▼
Other amounts payable47/48€29k-
Income statement
Code20242025
Remuneration, social security and pensions62€216k€196k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€264k€242k▼
Operating profit (loss)9901€26k€23k▼
Financial income75/76B-€91
Recurring financial income75-€91
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€19k€21k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€14k€15k▲
Profit (loss) for the period to be appropriated9905€14k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€134k€149k▲
Profit (loss) brought forward from the previous period14P€120k€134k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
30-06
Financial
Equity above €150kEq €154k ▲10.9%
6 profitable years in a row build equity to €154k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €3k ▼97.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2020net €93k ▲20.1%
Operating result €119k, net result €93k, both a record.
30-06
Financial
Equity above €100kEq €122k ▲26.1%
3 profitable years in a row build equity to €122k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 3 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tiensestraat 713000 LeuvenGround area
6,984 m²
Building footprint
293 m²
Volume, LiDAR
4,413 m³
3 parcels, Brussels, Flanders · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
RUBA
since 20192.291.287.577
RUBA
since 20252.374.009.177
RUBA
since 20262.383.737.782
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1480/00A000 | Brussels | 6,741 m² | - | - |
| 24502B0829/00Z000indicative | Flanders | 143 m² | 1 · 143 m² | 25.1 m · 7 fl. |
| 24502B0746/00Y000 | Flanders | 100 m² | 1 · 149 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 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
2 sitesBrussel2.383.737.782
Leuven2.291.287.577
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 8,917 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2019
Fiscal year end30-06
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:arsalan@rubafood.com