NAASCO
ActiveNAASCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-36
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.62 in 2024; short-term debt: 114.7% and cash: 7.2% of total assets), and equity is negative.
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-78.4%
Return on assets
-95.4%
Age of the figures
15 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
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-39k
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-07-2026, 167 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
167 d late
2024
32 d early
2023
42 d early
2022
40 d early
2021
42 d early
2020
6 d early
2019
3 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 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k
2024 · €9k
2019: €45k
2020: €58k
2021: €60k
2022: €30k
2023: €33k
2024: €9k
2019 → 2025
Total assets
€50k▼ 33.7%
2024 · €76k
2019: €96k
2020: €67k
2021: €117k
2022: €144k
2023: €97k
2024: €76k
2019 → 2025
Net result
€-48k▼ 96.9%
2024 · €-24k
2019: €44k
2020: €14k
2021: €2k
2022: €-30k
2023: €3k
2024: €-24k
2019 → 2025
Working capital
€-36k▼ 88.5%
2024 · €-19k
2019: €35k
2020: €48k
2021: €30k
2022: €2k
2023: €5k
2024: €-19k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€30k▼ 50.2%€33k▲ 9.4%€9k▼ 74.0%€-39k
Operating result€5k-€-27k€6k€-23k€-43k▼ 83.5%
Net result€2k-€-30k€3k€-24k€-48k▼ 96.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€29k▼ 36.7%
Current assets
€22k▼ 29.3%
Key figures and ratios
EBITDA
€-26k▼
2024 · €-6k
Cash flow
€-31k▼
2024 · €-7k
Solvency
-78.4%▼
2024 · 11.3%
Current ratio
0.38▼
2024 · 0.62
Quick ratio
0.38▼
2024 · 0.62
Debt / equity
-2.28▼
2024 · 7.85
ROA
-95.4%▼
2024 · -32.1%
Interest coverage
-12.00▼
2024 · -4.86
Debt
€90k▲
2024 · €67k
Debt ≤ 1 year
€58k▲
2024 · €50k
Debt > 1 year
€32k▲
2024 · €17k
Income taxes
€3k▲
2024 · €26
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€76k€50k▼
Fixed assets21/28€45k€29k▼
Tangible fixed assets22/27€45k€29k▼
Land and buildings22€269€0▼
Furniture and vehicles24€678€358▼
Leasing and similar rights25€12k€0▼
Other tangible fixed assets26€33k€28k▼
Current assets29/58€31k€22k▼
Amounts receivable within one year40/41€11k€18k▲
Trade receivables40€10k€18k▲
Other amounts receivable41€1k€68▼
Cash at bank and in hand54/58€20k€4k▼
Equity and liabilities
Total equity and liabilities10/49€76k€50k▼
Equity10/15€9k€-39k▼
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-52k€-100k▼
Amounts payable17/49€67k€90k▲
Amounts payable after more than one year17€17k€32k▲
Financial debts170/4€17k€32k▲
Amounts payable within one year42/48€50k€58k▲
Current portion of amounts payable after more than one year42€17k€5k▼
Trade debts44€514€886▲
Suppliers440/4€514€886▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3-€1k
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€30k€50k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-5k€-25k▼
Operating profit (loss)9901€-23k€-43k▼
Financial income75/76B€173€0▼
Recurring financial income75€173€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-24k€-45k▼
Income taxes67/77€26€3k▲
Profit (loss) for the period9904€-24k€-48k▼
Profit (loss) for the period to be appropriated9905€-24k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-100k▼
Profit (loss) brought forward from the previous period14P€-28k€-52k▼
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 167 days late
2025
30-06
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity quadruplescurrent ratio 6.61
Current ratio from 1.68 to 6.61; short-term debt falls from €51k to €9k.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
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.
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, Kortrijk · 1 establishment unit since 2009
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.
Noordstraat(Kor) 198500 KortrijkGround area
355 m²
Building footprint
72 m²
Volume, LiDAR
707 m³
Parcel 34352A0017/00F008, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NAASCO BVBA
since 20092.182.252.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352A0017/00F008 | Flanders | 355 m² | 1 · 72 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,428 companies in sector 46180 we hold annual accounts for 1,887. 851 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-2009
Fiscal year end30-06
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
13930Manufacture of textiles
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.