NABRO
ActiveSummary
NABRO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€300,312) and a net result of -€44,400. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.26 in 2024; short-term debt: 865.9% of total assets), and equity is negative.
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Signals
Six 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
-840.3%
Return on assets
-124.2%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€300,312
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
16 d late
2023
11 d late
2022
11 d late
2021
51 d late
2020
142 d late
2019
143 d late
← 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 58 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 16 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€300,312▼ 17.3%
2024 · -€255,912
Total assets
€35,739▼ 55.6%
2024 · €80,544
Net result
-€44,400▲ 26.7%
2024 · -€60,587
Working capital
-€273,809▼ 21.3%
2024 · -€225,668
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€55,875▲ 60.6%€48,972€16,313▼ 66.7%-€71,806-€38,445▲ 46.5%
Net result-€58,901below the sector's middle half▲ 62.7%€56,193above the sector's middle half€20,964within the sector's middle half▼ 62.7%-€60,587below the sector's middle half-€44,400below the sector's middle half▲ 26.7%
Equity-€275,382below the sector's middle half▼ 27.2%-€216,289below the sector's middle half▲ 21.5%-€195,325below the sector's middle half▲ 9.7%-€255,912below the sector's middle half▼ 31.0%-€300,312below the sector's middle half▼ 17.3%
Total assets€11,870below the sector's middle half▼ 88.0%€29,678below the sector's middle half▲ 150%€81,046within the sector's middle half▲ 173%€80,544within the sector's middle half▼ 0.6%€35,739below the sector's middle half▼ 55.6%
Debt€287,252▼ 8.8%€245,967▼ 14.4%€276,371▲ 12.4%€336,456▲ 21.7%€336,051▼ 0.1%
Working capital-€243,548below the sector's middle half▼ 33.5%-€182,193below the sector's middle half▲ 25.2%-€165,882below the sector's middle half▲ 9.0%-€225,668below the sector's middle half▼ 36.0%-€273,809below the sector's middle half▼ 21.3%
Solvency-728.8%below the sector's middle half-241.0%below the sector's middle half▲ 487.8pp-317.7%below the sector's middle half▼ 76.7pp-840.3%below the sector's middle half▼ 522.6pp
Current ratio0.04below the sector's middle half▼ 0.310.14below the sector's middle half▲ 0.090.33below the sector's middle half▲ 0.190.26below the sector's middle half▼ 0.060.12below the sector's middle half▼ 0.15
Return on assets (ROA)-496.2%below the sector's middle half▼ 335.7pp189.3%above the sector's middle half▲ 685.5pp25.9%above the sector's middle half▼ 163.5pp-75.2%below the sector's middle half▼ 101.1pp-124.2%below the sector's middle half▼ 49.0pp
Staff (FTE)1.7▲ 54.5%2▲ 17.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 €38,445 in 2025 against €71,806 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,739
Fixed assets
€77 ▼ 76.5%
Current assets
€35,662 ▼ 55.5%
Key figures and ratios
EBITDA
-€38,195▲
2024 · -€71,556
Cash flow
-€44,150▲
2024 · -€60,337
Quick ratio
0.00▼
2024 · 0.26
Debt to equity
-1.12▲
2024 · -1.31
Interest coverage
-6.24▲
2024 · -42.09
Debt ≤ 1 year
€309,471▲
2024 · €305,885
Debt > 1 year
€22,703▼
2024 · €23,575
Staff costs
€103,363▼
2024 · €108,530
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,820 | - |
| Remuneration, social security and pensions62 | €64,726 | €92,963 | €101,486 | €108,530 | €103,363 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €218 | €282 | €250 | €250 | €250 | = |
| Other operating charges640/8 | €2,125 | €13,116 | €4,736 | €4,678 | €3,475 | ▼ 25.7% |
| Gross operating margin9900 | €11,195 | €155,333 | €122,785 | €41,652 | €68,643 | ▲ 64.8% |
| Operating profit (loss)9901 | -€55,875 | €48,972 | €16,313 | -€71,806 | -€38,445 | ▲ 46.5% |
| Financial income75/76B | €0 | €7,356 | €6,149 | €12,919 | €164 | ▼ 98.7% |
| Recurring financial income75 | €0 | €7,356 | €6,149 | €312 | €164 | ▼ 47.4% |
| Non-recurring financial income76B | - | €7,356 | €6,149 | €12,607 | - | - |
| Financial charges65/66B | €3,026 | €135 | €1,498 | €1,700 | €6,119 | ▲ 260% |
| Recurring financial charges65 | €3,026 | €135 | €1,498 | €1,700 | €6,119 | ▲ 260% |
| Profit (loss) for the period before taxes9903 | -€58,901 | €56,193 | €20,964 | -€60,587 | -€44,400 | ▲ 26.7% |
| Profit (loss) for the period9904 | -€58,901 | €56,193 | €20,964 | -€60,587 | -€44,400 | ▲ 26.7% |
| Profit (loss) for the period to be appropriated9905 | -€58,901 | €56,193 | €20,964 | -€60,587 | -€44,400 | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,870 | €29,678 | €81,046 | €80,544 | €35,739 | ▼ 55.6% |
| Fixed assets21/28 | €1,109 | €827 | €577 | €327 | €77 | ▼ 76.5% |
| Tangible fixed assets22/27 | €1,032 | €750 | €500 | €250 | - | - |
| Furniture and vehicles24 | €1,032 | €750 | €500 | €250 | - | - |
| Financial fixed assets28 | €77 | €77 | €77 | €77 | €77 | = |
| Current assets29/58 | €10,762 | €28,851 | €80,469 | €80,217 | €35,662 | ▼ 55.5% |
| Stocks and contracts in progress3 | - | - | - | - | €35,000 | - |
| Stocks30/36 | - | - | - | - | €35,000 | - |
| Amounts receivable within one year40/41 | €9,841 | €21,449 | €19,910 | €20,898 | - | - |
| Trade receivables40 | - | €21,449 | - | - | - | - |
| Other amounts receivable41 | €9,841 | - | €19,910 | €20,898 | - | - |
| Cash at bank and in hand54/58 | €921 | €7,091 | €1,952 | - | - | - |
| Deferred charges and accrued income490/1 | - | €311 | €58,607 | €59,319 | €662 | ▼ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,870 | €29,678 | €81,046 | €80,544 | €35,739 | ▼ 55.6% |
| Equity10/15 | -€275,382 | -€216,289 | -€195,325 | -€255,912 | -€300,312 | ▼ 17.3% |
| Contributions10/11 | €15,700 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €690 | €690 | €690 | €690 | €690 | = |
| Non-distributable reserves130/1 | €690 | €690 | €690 | €690 | €690 | = |
| Reserves not available under the articles1311 | €690 | €690 | €690 | €690 | €690 | = |
| Profit (loss) carried forward14 | -€291,772 | -€235,579 | -€214,615 | -€275,202 | -€319,602 | ▼ 16.1% |
| Amounts payable17/49 | €287,252 | €245,967 | €276,371 | €336,456 | €336,051 | ▼ 0.1% |
| Amounts payable after more than one year17 | €32,943 | €27,948 | €25,809 | €23,575 | €22,703 | ▼ 3.7% |
| Financial debts170/4 | €32,943 | €27,948 | €25,809 | €23,575 | €22,703 | ▼ 3.7% |
| Amounts payable within one year42/48 | €254,309 | €211,044 | €246,351 | €305,885 | €309,471 | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | €2,048 | - | €3,527 | €3,527 | €3,551 | ▲ 0.7% |
| Financial debts43 | - | €3,527 | - | €12,824 | €14,006 | ▲ 9.2% |
| Credit institutions430/8 | - | - | - | €12,824 | €14,006 | ▲ 9.2% |
| Other loans439 | - | €3,527 | - | - | - | - |
| Trade debts44 | €22,840 | €15,024 | - | €46,242 | €8,406 | ▼ 81.8% |
| Suppliers440/4 | €22,840 | €15,024 | - | €46,242 | €8,406 | ▼ 81.8% |
| Advances received on contracts in progress46 | - | - | €57,963 | €58,760 | €34,395 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €7,672 | €1,226 | €3,799 | €3,622 | €11,527 | ▲ 218% |
| Taxes450/3 | €5,115 | - | - | - | €9,628 | - |
| Remuneration and social security454/9 | €2,557 | €1,226 | €3,799 | €3,622 | €1,899 | ▼ 47.6% |
| Other amounts payable47/48 | €221,748 | €191,267 | €181,062 | €180,910 | €237,586 | ▲ 31.3% |
| Accrued charges and deferred income492/3 | - | €6,975 | €4,211 | €6,996 | €3,877 | ▼ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€58,901 | €56,193 | €20,964 | -€60,587 | -€44,400 | ▲ 26.7% |
| + Depreciation and write-downs630 | €218 | €282 | €250 | €250 | €250 | = |
| Operating cash flow (approximation) | -€58,683 | €56,475 | €21,214 | -€60,337 | -€44,150 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,170 | -€5,139 | - | - | - |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Back to profitnet €56,193
Net result €56,193 after 4 loss-making years.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 142 days late
2020
31-12
Financial
Weakest financial yearnet -€158,100
Net result drops to -€158,100, the lowest in the series; recovery starts the following year.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 143 days late
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 505 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1131 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 756 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, Tinlot · 1 establishment unit since 2010
Ground area
1,382 m²
Building footprint
117 m²
Volume, LiDAR
871 m³
Parcel 61055A0066/00G000, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Hayoulle 21, 4557 Tinlot
since 20102.185.496.211
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61055A0066/00G000 | Wallonia | 1,382 m² | 1 · 117 m² | 8.6 m · 3 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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Esneux
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
46190Agents in non-specialised wholesale trade
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823451212
Also
9925:BE0823451212
Registered
05-03-2026
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.