Losses
Every financial year from 2020 to 2024 closed with a loss. 2024 was the heaviest.
Trustee: Steven Nysten. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Every financial year from 2020 to 2024 closed with a loss. 2024 was the heaviest.
The 2023 accounts came latest: 396 days after the end of the period.
Union of International Organizations came to this address 21 days after the ruling.
Equity fell from €1,717 in 2020 to -€331,896 in 2024, while debts rose from €1,283 to €334,391.
On 14 October 2025 the court declared NABUCCO bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 10% of 8,806 companies in 2023.
Higher than 15% of 8,554 companies in 2023.
Higher than 16% of 8,620 companies in 2023.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2024 | 2023 | 2021 | 2020 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
2,494 | 451,363 | 596,219 | 3,000 | |
21/28 |
- | 73,819 | 91,709 | - | |
22/27 |
- | 73,819 | 91,709 | - | |
23 |
- | 17,600 | 19,800 | - | |
24 |
- | 56,219 | 71,909 | - | |
29/58 |
2,494 | 377,544 | 504,510 | 3,000 | |
3 |
- | 312,392 | 273,528 | - | |
30/36 |
- | 312,392 | 273,528 | - | |
40/41 |
2,479 | 57,456 | 172,062 | - | |
40 |
- | 55,491 | 117,246 | - | |
41 |
2,479 | 1,965 | 54,817 | - | |
54/58 |
16 | 7,696 | 58,920 | 3,000 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
2,494 | 451,363 | 596,219 | 3,000 | |
10/15 |
-331,896 | -35,698 | -51,706 | 1,717 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
14 |
-334,896 | -38,698 | -54,706 | -1,283 | |
17/49 |
334,391 | 487,062 | 647,925 | 1,283 | |
42/48 |
334,391 | 487,062 | 647,925 | 1,283 | |
44 |
- | 227,299 | 300,848 | 1,283 | |
440/4 |
- | 227,299 | 300,848 | 1,283 | |
45 |
- | 10,234 | 13,190 | - | |
450/3 |
- | 5,152 | 13,190 | - | |
454/9 |
- | 5,082 | - | - | |
47/48 |
334,391 | 249,528 | 333,886 | - | |
| Income statement | |||||
9900 |
-222,379 | -8,275 | -37,124 | -1,283 | |
630 |
13,407 | - | 8,737 | - | |
640/8 |
- | 2,383 | - | - | |
66A |
60,413 | 13,852 | - | - | |
9901 |
-296,198 | -24,511 | -45,861 | -1,283 | |
75/76B |
- | 0 | 303 | - | |
75 |
- | 0 | 303 | - | |
65/66B |
- | 96 | 7,678 | - | |
65 |
- | 96 | 7,678 | - | |
9903 |
-296,198 | -24,606 | -53,236 | -1,283 | |
67/77 |
- | 187 | 187 | - | |
9904 |
-296,198 | -24,793 | -53,423 | -1,283 | |
9905 |
-296,198 | -24,793 | -53,423 | -1,283 | |
| Appropriation of the result | |||||
9906 |
-334,896 | -38,698 | -54,706 | -1,283 | |
14P |
-38,698 | -13,905 | -1,283 | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-08-2025.
2024 annual accounts filed 31 days after the deadline. Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00487113.
| Line | Trend | 2024 | 2023 | 2021 | 2020 |
|---|---|---|---|---|---|
| -282,791 | - | -37,124 | - | ||
| -282,791 | - | -44,686 | - | ||
| -60,413 | - | 100,446 | - | ||
| -7,680 | - | 55,920 | - | ||
| -331,896 | -109,518 | -143,414 | 1,717 | ||
| - | -7.9% | -8.7% | - | ||
| - | 0.78 | 0.78 | - | ||
| - | 0.13 | 0.36 | - | ||
| - | -5.5% | -9.0% | - | ||
| - | - | -4.84 | - |
The ratios are withheld because a balance sheet total of €2,494 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is a loss of €296,198, larger than the loss of €24,511 in 2023. It is the lowest result since 2020.
Equity is negative. Debt (€334,391) exceeds the balance-sheet total (€2,494).
NABUCCO has no parent and no holdings in its annual accounts. Tatlana SHUGINOVA is the only director. NABUCCO shares no director with another company.
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| ARCO LOGISTICS
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16 FTE (2025) 0823.302.742 |
| LINSTAVER
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| CAGIOVA
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
NABUCCO was incorporated on 13 September 2019 as a private limited company by two natural persons.12 The registered office moved to Saint-Gilles in 2019 and to Hoboken in 2020.34 Tatlana SHUGINOVA is director of the company, appointed by deed of 13-04-2023.5 Total assets fell from €3,000 in 2020 to €2,494 in 2024.6 On 14 October 2025 the company was declared bankrupt.7
| Establishment | Since | Unit number |
|---|---|---|
| NABUCCO | 01-04-2021 | 2.317.606.944 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21342B0043/00F003 | 290 m² | 1 · 293 m² | 10.6 m · 2 |
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