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NAC

Active
Public limited companyfounded 200323 yrs activeRue du Tombois 4, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0479.898.095
Summary

NAC has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,982 and a net result of -€364. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2023
Profitability37=
Solvency96▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 54.52; short-term debt: 1.8% and cash: 0% of total assets), and 29% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 d late
2018
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 26 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NAC was incorporated on 25 March 2003.1 Total assets fell from EUR 305,130 in 2018 to EUR 215,546 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€364▲ 14.0%
2023 · -€423
Working capital
€211,592▲ 0.7%
2023 · €210,121
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result-€2,333▼ 95.5%-€2,397▼ 2.7%-€2,139▲ 10.7%-€2,686▼ 25.5%-€2,687-
Net result-€112-€171▼ 52.7%€52-€423-€364-
Equity€154,952▼ 0.1%€154,781▼ 0.1%€154,833=€154,411▼ 0.3%€152,982-
Total assets€204,884▲ 1.2%€207,661▲ 1.4%€209,867▲ 1.1%€212,194▲ 1.1%€215,546-
Debt€49,932▲ 5.2%€52,879▲ 5.9%€55,034▲ 4.1%€57,783▲ 5.0%€62,564-
Working capital€203,562▲ 31.3%€205,991▲ 1.2%€206,043=€210,121▲ 2.0%€211,592-
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2020: -€2,333-€2,333Net result 2020: -€112-€112Operating result 2021: -€2,397-€2,397Net result 2021: -€171-€171Operating result 2022: -€2,139-€2,139Net result 2022: €52€52Operating result 2023: -€2,686-€2,686Net result 2023: -€423-€423Operating result 2025: -€2,687-€2,687Net result 2025: -€364-€36420202021202220232025-€3,000-€2,000-€1,000€0Operating result 2022: -€2,139-€2,140Net result 2022: €52€52Operating result 2023: -€2,686-€2,690Net result 2023: -€423-€423Operating result 2025: -€2,687-€2,690Net result 2025: -€364-€364202220232025
The operating result is -€2,687 in 2025, compared with -€2,686 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €215,546
Equity €152,982 ▼ 0.9%
Debt €62,564 ▲ 8.3%
Debt's share of the balance-sheet total rises from 27.2% to 29.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2023
Current ratio
54.52
Debt to equity
0.41▲
2023 · 0.37
ROE
-0.2%▲
2023 · -0.3%
ROA
-0.2%▲
2023 · -0.2%
Debt ≤ 1 year
€3,954▲
2023 · €2,073
Debt > 1 year
€58,610▲
2023 · €55,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2025 against 2023 · 33 lines
Balance sheet Code20232025
Assets
Total assets20/58€212,194€215,546▲
Current assets29/58€212,194€215,546▲
Amounts receivable after more than one year29€212,115€215,471▲
Other amounts receivable291€212,115€215,471▲
Cash at bank and in hand54/58€78€74▼
Equity and liabilities
Total equity and liabilities10/49€212,194€215,546▲
Equity10/15€154,411€152,982▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€92,411€90,982▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€86,211€84,782▼
Amounts payable17/49€57,783€62,564▲
Amounts payable after more than one year17€55,710€58,610▲
Other amounts payable178/9€55,710€58,610▲
Amounts payable within one year42/48€2,073€3,954▲
Trade debts44€1,125€1,574▲
Suppliers440/4€1,125€1,574▲
Other amounts payable47/48€948€2,380▲
Income statement Code20232025
Other operating charges640/8€44€44=
Gross operating margin9900-€2,642-€2,643▼
Operating profit (loss)9901-€2,686-€2,687▼
Financial income75/76B€2,515€2,576▲
Recurring financial income75€2,515€2,576▲
Financial charges65/66B€252€252=
Recurring financial charges65€252€252=
Profit (loss) for the period before taxes9903-€423-€364▲
Profit (loss) for the period9904-€423-€364▲
Profit (loss) for the period to be appropriated9905-€423-€364▲
Appropriation of the result
Profit (loss) to be appropriated9906-€423-€364▲
Transfer from equity791/2€423€364▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Other operating charges640/8--€44€44€44-
Gross operating margin9900-€2,333-€2,397-€2,095-€2,642-€2,643-
Operating profit (loss)9901-€2,333-€2,397-€2,139-€2,686-€2,687-
Financial income75/76B-€2,402€2,400€2,515€2,576-
Recurring financial income75€2,400€2,402€2,400€2,515€2,576-
Financial charges65/66B-€175€208€252€252-
Recurring financial charges65€179€175€172€252€252-
Non-recurring financial charges66B--€36---
Profit (loss) for the period before taxes9903-€112-€171€52-€423-€364-
Profit (loss) for the period9904-€112-€171€52-€423-€364-
Profit (loss) for the period to be appropriated9905-€112-€171€52-€423-€364-
Line20202021202220232025Change
Assets
Total assets20/58€204,884€207,661€209,867€212,194€215,546-
Current assets29/58€204,884€207,661€209,867€212,194€215,546-
Amounts receivable after more than one year29-€207,200€209,600€212,115€215,471-
Other amounts receivable291-€207,200€209,600€212,115€215,471-
Cash at bank and in hand54/58€84€461€267€78€74-
Equity and liabilities
Total equity and liabilities10/49€204,884€207,661€209,867€212,194€215,546-
Equity10/15€154,952€154,781€154,833€154,411€152,982-
Contributions10/11€62,000€62,000€62,000€62,000€62,000-
Capital10-€62,000€62,000€62,000€62,000-
Issued capital100-€62,000€62,000€62,000€62,000-
Reserves13€92,952€92,781€92,833€92,411€90,982-
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200-
Legal reserve130-€6,200€6,200€6,200€6,200-
Distributable reserves133-€86,581€86,633€86,211€84,782-
Profit (loss) carried forward14€22,980-----
Amounts payable17/49€49,932€52,879€55,034€57,783€62,564-
Amounts payable after more than one year17€48,610€51,210€51,210€55,710€58,610-
Other amounts payable178/9-€51,210€51,210€55,710€58,610-
Amounts payable within one year42/48€1,322€1,669€3,824€2,073€3,954-
Trade debts44€373€721€375€1,125€1,574-
Suppliers440/4-€721€375€1,125€1,574-
Other amounts payable47/48-€948€3,448€948€2,380-
Line20202021202220232025Change
Profit (loss) for the period9904-€112-€171€52-€423-€364-
Operating cash flow (approximation)-€112-€171€52-€423-€364-
Change in cash-€377-€193-€189--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Back to profitnet €52
Net result €52 after 2 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Liquidity times 36current ratio 154.99
Current ratio from 4.27 to 154.99; short-term debt falls from €47,447 to €1,322.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial Back to profitnet €13,884
Net result €13,884 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 4.27
Current ratio from 1.86 to 4.27; short-term debt falls from €163,951 to €47,447.
31-12
Financial Equity above €150,000Eq €155,063 ▲9.8%
Equity rises from €141,180 to €155,063.
30-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
09-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Braine-le-Comte · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
6,209 m²
Building footprint
295 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
NAC
Chaussée de Bruxelles 313, 1410 WaterlooNACE 7011101
since 20032.132.571.922
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55036D0229/00L000 Wallonia 5,793 m² 1 · 237 m² -
25763L0704/00A000 Wallonia 416 m² 1 · 58 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded25-03-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.