NABUSAUR
ActiveSummary
NABUSAUR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256,603 and a net result of -€382. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+69
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.02 in 2024; short-term debt: 16.7% and cash: 7.5% of total assets), and 18% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 · 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€382
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
48 d early
2023
42 d early
2022
15 d late
2021
4 d early
2020
22 d early
2019
30 d early
← 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 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€256,603▼ 0.1%
2024 · €256,985
Total assets
€313,085▼ 0.5%
2024 · €314,628
Net result
-€382▲ 99.3%
2024 · -€53,520
Working capital
-€23,769▲ 55.3%
2024 · -€53,175
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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-€47-€34,473▼ 73,718%-€59,122▼ 71.5%-€49,869▲ 15.7%€4,718
Net result-€2,100below the sector's middle half-€36,388below the sector's middle half▼ 1,633%-€61,004below the sector's middle half▼ 67.6%-€53,520below the sector's middle half▲ 12.3%-€382below the sector's middle half▲ 99.3%
Equity€407,897above the sector's middle half▼ 0.5%€371,509above the sector's middle half▼ 8.9%€310,505above the sector's middle half▼ 16.4%€256,985above the sector's middle half▼ 17.2%€256,603above the sector's middle half▼ 0.1%
Total assets€528,728above the sector's middle half▲ 3.2%€398,122within the sector's middle half▼ 24.7%€343,051within the sector's middle half▼ 13.8%€314,628within the sector's middle half▼ 8.3%€313,085within the sector's middle half▼ 0.5%
Debt€120,830▲ 18.3%€26,613▼ 78.0%€32,546▲ 22.3%€57,643▲ 77.1%€56,482▼ 2.0%
Working capital€13,876within the sector's middle half€4,728within the sector's middle half▼ 65.9%-€28,838below the sector's middle half-€53,175below the sector's middle half▼ 84.4%-€23,769below the sector's middle half▲ 55.3%
Solvency77.1%within the sector's middle half▼ 2.9pp93.3%above the sector's middle half▲ 16.2pp90.5%above the sector's middle half▼ 2.8pp81.7%above the sector's middle half▼ 8.8pp82.0%above the sector's middle half▲ 0.3pp
Current ratio1.12within the sector's middle half▲ 0.261.19within the sector's middle half▲ 0.070.03below the sector's middle half▼ 1.160.02below the sector's middle half=0.55below the sector's middle half▲ 0.52
Return on assets (ROA)-0.4%below the sector's middle half▼ 1.3pp-9.1%below the sector's middle half▼ 8.7pp-17.8%below the sector's middle half▼ 8.6pp-17.0%below the sector's middle half▲ 0.8pp-0.1%below the sector's middle half▲ 16.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 returns to profit in 2025: €4,718 after a loss of €49,869 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €313,085
Fixed assets
€284,525 ▼ 9.2%
Current assets
€28,560 ▲ 2,249%
Equity and liabilities €313,085
Equity
€256,603 ▼ 0.1%
Debt
€56,482 ▼ 2.0%
Debt's share of the balance-sheet total falls from 18.3% to 18.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33,606▲
2024 · -€20,981
Cash flow
€28,506▲
2024 · -€24,632
Debt to equity
0.22▼
2024 · 0.22
ROE
-0.1%▲
2024 · -20.8%
Interest coverage
6.99▲
2024 · -6.23
Debt ≤ 1 year
€52,330▼
2024 · €54,390
Income taxes
€292▲
2024 · €283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
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 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,527 | €27,401 | €28,671 | €28,888 | €28,888 | = |
| Other operating charges640/8 | €3,550 | €3,978 | €4,155 | €4,324 | €4,461 | ▲ 3.2% |
| Gross operating margin9900 | €34,031 | -€3,094 | -€26,297 | -€16,657 | €38,067 | ▲ 329% |
| Operating profit (loss)9901 | -€47 | -€34,473 | -€59,122 | -€49,869 | €4,718 | ▲ 109% |
| Financial income75/76B | - | €0 | €3 | €0 | €0 | - |
| Recurring financial income75 | - | €0 | €3 | €0 | €0 | - |
| Financial charges65/66B | €1,840 | €1,665 | €1,613 | €3,369 | €4,808 | ▲ 42.7% |
| Recurring financial charges65 | €1,840 | €1,665 | €1,613 | €3,369 | €4,808 | ▲ 42.7% |
| Profit (loss) for the period before taxes9903 | -€1,887 | -€36,138 | -€60,732 | -€53,237 | -€90 | ▲ 99.8% |
| Income taxes67/77 | €213 | €251 | €272 | €283 | €292 | ▲ 3.4% |
| Profit (loss) for the period9904 | -€2,100 | -€36,388 | -€61,004 | -€53,520 | -€382 | ▲ 99.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,100 | -€36,388 | -€61,004 | -€53,520 | -€382 | ▲ 99.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €528,728 | €398,122 | €343,051 | €314,628 | €313,085 | ▼ 0.5% |
| Fixed assets21/28 | €395,655 | €368,255 | €342,300 | €313,413 | €284,525 | ▼ 9.2% |
| Tangible fixed assets22/27 | €395,655 | €368,255 | €342,300 | €313,413 | €284,525 | ▼ 9.2% |
| Land and buildings22 | €395,655 | €368,255 | €339,910 | €311,565 | €283,221 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | €2,390 | €1,847 | €1,304 | ▼ 29.4% |
| Current assets29/58 | €133,072 | €29,868 | €750 | €1,216 | €28,560 | ▲ 2,249% |
| Amounts receivable within one year40/41 | €14,718 | €5,002 | €650 | €0 | €5,151 | - |
| Trade receivables40 | €9,398 | - | - | - | €5,143 | - |
| Other amounts receivable41 | €5,320 | €5,002 | €650 | €0 | €8 | - |
| Cash at bank and in hand54/58 | €118,355 | €24,865 | €100 | €1,216 | €23,409 | ▲ 1,825% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €528,728 | €398,122 | €343,051 | €314,628 | €313,085 | ▼ 0.5% |
| Equity10/15 | €407,897 | €371,509 | €310,505 | €256,985 | €256,603 | ▼ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €351,909 | €351,909 | €351,909 | €351,909 | €351,909 | = |
| Distributable reserves133 | €351,909 | €351,909 | €351,909 | €351,909 | €351,909 | = |
| Profit (loss) carried forward14 | €37,388 | €1,000 | -€60,004 | -€113,524 | -€113,906 | ▼ 0.3% |
| Amounts payable17/49 | €120,830 | €26,613 | €32,546 | €57,643 | €56,482 | ▼ 2.0% |
| Amounts payable within one year42/48 | €119,196 | €25,139 | €29,588 | €54,390 | €52,330 | ▼ 3.8% |
| Trade debts44 | €4,546 | €133 | €182 | €334 | €122 | ▼ 63.4% |
| Suppliers440/4 | €4,546 | €133 | €182 | €334 | €122 | ▼ 63.4% |
| Taxes, remuneration and social security45 | €25,884 | €251 | €522 | €283 | €3,859 | ▲ 1,266% |
| Taxes450/3 | €5,484 | €251 | €522 | €283 | €3,859 | ▲ 1,266% |
| Remuneration and social security454/9 | €20,400 | - | - | - | - | - |
| Other amounts payable47/48 | €88,767 | €24,755 | €28,883 | €53,774 | €48,348 | ▼ 10.1% |
| Accrued charges and deferred income492/3 | €1,634 | €1,474 | €2,958 | €3,253 | €4,152 | ▲ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,100 | -€36,388 | -€61,004 | -€53,520 | -€382 | ▲ 99.3% |
| + Depreciation and write-downs630 | €30,527 | €27,401 | €28,671 | €28,888 | €28,888 | = |
| Operating cash flow (approximation) | €28,427 | -€8,988 | -€32,333 | -€24,632 | €28,506 | ▲ 216% |
| Investment in fixed assets (approximation) | - | €0 | -€2,716 | €0 | €0 | - |
| Change in cash | - | -€93,489 | -€24,765 | €1,116 | €22,193 | ▲ 1,889% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€61,004
Net result drops to -€61,004, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ieper · 1 establishment unit since 1989
Ground area
4,829 m²
Building footprint
1,153 m²
Volume, LiDAR
6,192 m³
Parcel 33036C0029/00B000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vijfwegenstraat 2, 8902 Ieper
since 19892.043.539.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036C0029/00B000 | Flanders | 4,829 m² | 1 · 1,153 m² | 10.6 m · 2 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
549300I3QN0IFLCO8N04
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,852 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
Founded05-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437429418
Also
9925:BE0437429418
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.