NABAD
ActiveSummary
NABAD has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency99▲+30
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 1.47 in 2024; short-term debt: 25.6% and cash: 2.8% of total assets), and 25.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
74.4%
Return on assets
35.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €53k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
61 d late
2023
1 d early
2022
1 d late
2021
30 d late
2020
17 d late
2019
26 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, micro schema
Equity
€53k▲ 91.2%
2024 · €28k
2018: €47k
2019: €51k▲ +8.2% vs 2018
2020: €64k▲ +26.9% vs 2019highest in 8 years
2021: €16k▼ -74.7% vs 2020
2022: €6k▼ -61.9% vs 2021
2023: €2k▼ -73.7% vs 2022lowest in 8 years
2024: €28k▲ +1613% vs 2023
2025: €53k▲ +91.2% vs 2024
2018 → 2025
Total assets
€72k▲ 12.0%
2024 · €64k
2018: €97k
2019: €88k▼ -9.7% vs 2018
2020: €108k▲ +23.1% vs 2019highest in 8 years
2021: €48k▼ -55.6% vs 2020
2022: €38k▼ -21.2% vs 2021lowest in 8 years
2023: €46k▲ +22.2% vs 2022
2024: €64k▲ +38.9% vs 2023
2025: €72k▲ +12.0% vs 2024
2018 → 2025
Net result
€26k▼ 3.1%
2024 · €26k
2018: €17k
2019: €4k▼ -77.9% vs 2018
2020: €14k▲ +257% vs 2019
2021: €12k▼ -15.2% vs 2020
2022: €7k▼ -41.9% vs 2021
2023: €-5k▼ -168% vs 2022lowest in 8 years
2024: €26k▲ +676% vs 2023highest in 8 years
2025: €26k▼ -3.1% vs 2024
2018 → 2025
Working capital
€42k▲ 147%
2024 · €17k
2018: €30k
2019: €36k▲ +20.1% vs 2018
2020: €50k▲ +38.8% vs 2019highest in 8 years
2021: €77▼ -99.8% vs 2020
2022: €-11k▼ -13894% vs 2021lowest in 8 years
2023: €-10k▲ +3.5% vs 2022
2024: €17k▲ +269% vs 2023
2025: €42k▲ +147% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€6k▼ 61.9%€2k▼ 73.7%€28k▲ 1,613%€53k▲ 91.2%
2021: €16k
2022: €6k▼ -61.9% vs 2021
2023: €2k▼ -73.7% vs 2022lowest in 5 years
2024: €28k▲ +1613% vs 2023
2025: €53k▲ +91.2% vs 2024highest in 5 years
Operating result€17k-€10k▼ 39.2%€-4k€40k€60k▲ 50.6%
2021: €17k
2022: €10k▼ -39.2% vs 2021
2023: €-4k▼ -135% vs 2022lowest in 5 years
2024: €40k▲ +1194% vs 2023
2025: €60k▲ +50.6% vs 2024highest in 5 years
Net result€12k-€7k▼ 41.9%€-5k€26k€26k▼ 3.1%
2021: €12k
2022: €7k▼ -41.9% vs 2021
2023: €-5k▼ -168% vs 2022lowest in 5 years
2024: €26k▲ +676% vs 2023highest in 5 years
2025: €26k▼ -3.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€11k ▲ 2.2%
Current assets
€61k ▲ 13.9%
Equity and liabilities €72k
Equity
€53k ▲ 91.2%
Debt
€18k ▼ 49.2%
Debt's share of the balance-sheet total falls from 56.5% to 25.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €45k
Cash flow
€30k▼
2024 · €31k
Current ratio
3.31▲
2024 · 1.47
Debt to equity
0.34▼
2024 · 1.30
ROE
47.7%▼
2024 · 94.2%
ROA
35.5%▼
2024 · 41.0%
Interest coverage
2.51▼
2024 · 29.08
Debt ≤ 1 year
€18k▼
2024 · €36k
Income taxes
€9k▼
2024 · €12k
Staff costs
€7k▲
2024 · €5k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€64k€72k▲
Fixed assets21/28€11k€11k▲
Tangible fixed assets22/27€11k€11k▲
Furniture and vehicles24€4k€7k▲
Other tangible fixed assets26€7k€4k▼
Current assets29/58€53k€61k▲
Amounts receivable within one year40/41€51k€59k▲
Trade receivables40€9k€11k▲
Other amounts receivable41€42k€48k▲
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€919€0▼
Equity and liabilities
Total equity and liabilities10/49€64k€72k▲
Equity10/15€28k€53k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€22k€47k▲
Amounts payable17/49€36k€18k▼
Amounts payable within one year42/48€36k€18k▼
Trade debts44€21k€246▼
Suppliers440/4€4k€246▼
Bills of exchange payable441€16k€0▼
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€15k€17k▲
Remuneration and social security454/9€268€1k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€5k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€54k€72k▲
Operating profit (loss)9901€40k€60k▲
Financial income75/76B€677€0▼
Recurring financial income75€677€0▼
Financial charges65/66B€2k€25k▲
Recurring financial charges65€2k€25k▲
Profit (loss) for the period before taxes9903€39k€34k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€26k€26k▼
Profit (loss) for the period to be appropriated9905€26k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€47k▲
Profit (loss) brought forward from the previous period14P€-5k€22k▲
The notes to these accounts (5 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 | €41k | €43k | €43k | €5k | €7k | ▲ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €5k | €5k | €4k | ▼ 15.0% |
| Other operating charges640/8 | €1k | €777 | €630 | €4k | €2k | ▼ 55.4% |
| Gross operating margin9900 | €63k | €60k | €45k | €54k | €72k | ▲ 32.9% |
| Operating profit (loss)9901 | €17k | €10k | €-4k | €40k | €60k | ▲ 50.6% |
| Financial income75/76B | €2 | €274 | €152 | €677 | €0 | ▼ 100% |
| Recurring financial income75 | €2 | €274 | €152 | €677 | €0 | ▼ 100% |
| Financial charges65/66B | €1k | €1k | €929 | €2k | €25k | ▲ 1,557% |
| Recurring financial charges65 | €1k | €1k | €929 | €2k | €25k | ▲ 1,557% |
| Profit (loss) for the period before taxes9903 | €16k | €9k | €-4k | €39k | €34k | ▼ 11.9% |
| Income taxes67/77 | €4k | €3k | €175 | €12k | €9k | ▼ 30.5% |
| Profit (loss) for the period9904 | €12k | €7k | €-5k | €26k | €26k | ▼ 3.1% |
| Profit (loss) for the period to be appropriated9905 | €12k | €7k | €-5k | €26k | €26k | ▼ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €38k | €46k | €64k | €72k | ▲ 12.0% |
| Fixed assets21/28 | €17k | €17k | €12k | €11k | €11k | ▲ 2.2% |
| Tangible fixed assets22/27 | €17k | €17k | €12k | €11k | €11k | ▲ 2.2% |
| Furniture and vehicles24 | €2k | €5k | €3k | €4k | €7k | ▲ 69.6% |
| Other tangible fixed assets26 | €14k | €12k | €9k | €7k | €4k | ▼ 38.6% |
| Current assets29/58 | €31k | €21k | €34k | €53k | €61k | ▲ 13.9% |
| Amounts receivable within one year40/41 | €13k | €12k | €32k | €51k | €59k | ▲ 15.7% |
| Trade receivables40 | €13k | €11k | €18k | €9k | €11k | ▲ 23.0% |
| Other amounts receivable41 | €0 | €819 | €15k | €42k | €48k | ▲ 14.2% |
| Cash at bank and in hand54/58 | €17k | €8k | €876 | €2k | €2k | ▲ 22.0% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €919 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €38k | €46k | €64k | €72k | ▲ 12.0% |
| Equity10/15 | €16k | €6k | €2k | €28k | €53k | ▲ 91.2% |
| Contributions10/11 | €8k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €0 | €0 | - | - | - | - |
| Non-distributable reserves130/1 | €0 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €0 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €8k | €0 | €-5k | €22k | €47k | ▲ 117% |
| Amounts payable17/49 | €32k | €32k | €45k | €36k | €18k | ▼ 49.2% |
| Amounts payable within one year42/48 | €31k | €32k | €45k | €36k | €18k | ▼ 49.2% |
| Trade debts44 | €0 | €8k | €30k | €21k | €246 | ▼ 98.8% |
| Suppliers440/4 | €0 | €8k | €13k | €4k | €246 | ▼ 94.0% |
| Bills of exchange payable441 | - | - | €18k | €16k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €31k | €20k | €8k | €16k | €18k | ▲ 15.5% |
| Taxes450/3 | €23k | €10k | €8k | €15k | €17k | ▲ 8.0% |
| Remuneration and social security454/9 | €9k | €10k | €638 | €268 | €1k | ▲ 447% |
| Other amounts payable47/48 | - | €4k | €6k | €0 | - | - |
| Accrued charges and deferred income492/3 | €348 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €7k | €-5k | €26k | €26k | ▼ 3.1% |
| + Depreciation and write-downs630 | €4k | €6k | €5k | €5k | €4k | ▼ 15.0% |
| Operating cash flow (approximation) | €16k | €13k | €373 | €31k | €30k | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-4k | €-5k | ▼ 13.8% |
| Change in cash | - | €-9k | €-7k | €782 | €365 | ▼ 53.4% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.31
Current ratio from 1.47 to 3.31; short-term debt falls from €36k to €18k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Elsene · 1 establishment unit since 2016
Ground area
144 m²
Building footprint
89 m²
Volume, LiDAR
1,000 m³
Parcel 21443C0219/00Y003, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NABAD
since 20162.249.635.282
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0219/00Y003 | Brussels | 144 m² | 1 · 89 m² | 16.9 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500A0711ACCA83C86
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SIGNOSIS
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JOSFER CONSULTING
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,431 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
Founded22-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.