NAD 16
ActiveSummary
The computed 12-month bankruptcy probability of NAD 16 is 2.1% (moderate). The 2025 annual accounts show negative equity (€-254k) and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4178 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+41
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.64 in 2024; short-term debt: 147% and cash: 12.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-47%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4178 sector peers (2025).
NBB · sector comparisonPosition among 4178 sector peers
Solvency
better than 5%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
26 d late
2023
1 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
28 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, full schema
Turnover
€8.66M
EBIT margin
0.2%
Net result
€7k
2024 · €-89k
2018: €-85k
2019: €8k▲ +110% vs 2018
2020: €70k▲ +760% vs 2019highest in 8 years
2021: €1k▼ -98.2% vs 2020
2022: €-68k▼ -5471% vs 2021
2023: €-116k▼ -70.7% vs 2022lowest in 8 years
2024: €-89k▲ +23.6% vs 2023
2025: €7k▲ +107% vs 2024
2018 → 2025
Working capital
€-257k▲ 2.3%
2024 · €-263k
2018: €-67k
2019: €-59k▲ +12.2% vs 2018
2020: €12k▲ +120% vs 2019
2021: €13k▲ +10.8% vs 2020highest in 8 years
2022: €-55k▼ -525% vs 2021
2023: €-174k▼ -215% vs 2022
2024: €-263k▼ -51.3% vs 2023lowest in 8 years
2025: €-257k▲ +2.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.66M
Equity€13k-€-55k€-171k▼ 211%€-260k▼ 51.8%€-254k▲ 2.5%
2021: €13khighest in 5 years
2022: €-55k▼ -525% vs 2021
2023: €-171k▼ -211% vs 2022
2024: €-260k▼ -51.8% vs 2023lowest in 5 years
2025: €-254k▲ +2.5% vs 2024
Operating result€10k-€-59k€-107k▼ 81.5%€-77k▲ 28.2%€18k
2021: €10k
2022: €-59k▼ -706% vs 2021
2023: €-107k▼ -81.5% vs 2022lowest in 5 years
2024: €-77k▲ +28.2% vs 2023
2025: €18k▲ +123% vs 2024highest in 5 years
Net result€1k-€-68k€-116k▼ 70.7%€-89k▲ 23.6%€7k
2021: €1k
2022: €-68k▼ -5471% vs 2021
2023: €-116k▼ -70.7% vs 2022lowest in 5 years
2024: €-89k▲ +23.6% vs 2023
2025: €7k▲ +107% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €77k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540k
Fixed assets
€3k ▲ 14.1%
Current assets
€537k ▲ 14.7%
Key figures and ratios
Solvency
-47.0%▲
2024 · -55.3%
Current ratio
0.68▲
2024 · 0.64
Quick ratio
0.24▲
2024 · 0.16
Debt to equity
-3.13▼
2024 · -2.81
ROA
1.2%▲
2024 · -18.9%
Debt
€794k▲
2024 · €731k
Debt ≤ 1 year
€794k▲
2024 · €731k
Income taxes
€224▼
2024 · €264
Staff costs
€581k▼
2024 · €606k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€471k€540k▲
Fixed assets21/28€3k€3k▲
Financial fixed assets28€3k€3k▲
Current assets29/58€468k€537k▲
Stocks and contracts in progress3€349k€350k▲
Stocks30/36€349k€350k▲
Amounts receivable within one year40/41€63k€81k▲
Trade receivables40€54k€75k▲
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€57k€67k▲
Deferred charges and accrued income490/1-€39k
Equity and liabilities
Total equity and liabilities10/49€471k€540k▲
Equity10/15€-260k€-254k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-269k€-262k▲
Amounts payable17/49€731k€794k▲
Amounts payable within one year42/48€731k€794k▲
Trade debts44€627k€699k▲
Suppliers440/4€627k€699k▲
Taxes, remuneration and social security45€104k€94k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€100k€90k▼
Other amounts payable47/48-€239
Income statement
Code20242025
Turnover70-€8.66M
Non-recurring operating income76A-€26k
Goods, raw materials, services and sundry goods60/61-€8.12M
Remuneration, social security and pensions62€606k€581k▼
Other operating charges640/8€13k€95k▲
Gross operating margin9900€543k€694k▲
Operating profit (loss)9901€-77k€18k▲
Financial income75/76B€8€774▲
Recurring financial income75€8€774▲
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€-89k€7k▲
Income taxes67/77€264€224▼
Profit (loss) for the period9904€-89k€7k▲
Profit (loss) for the period to be appropriated9905€-89k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-269k€-262k▲
Profit (loss) brought forward from the previous period14P€-180k€-269k▼
Social balance
Average headcount (FTE)908716.917.7▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €8.66M | - |
| Non-recurring operating income76A | - | - | - | - | €26k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €8.12M | - |
| Remuneration, social security and pensions62 | €232k | €386k | €500k | €606k | €581k | ▼ 4.2% |
| Other operating charges640/8 | €4k | €12k | €9k | €13k | €95k | ▲ 615% |
| Gross operating margin9900 | €245k | €339k | €402k | €543k | €694k | ▲ 27.8% |
| Operating profit (loss)9901 | €10k | €-59k | €-107k | €-77k | €18k | ▲ 123% |
| Financial income75/76B | €1k | €76 | €366 | €8 | €774 | ▲ 9,575% |
| Recurring financial income75 | €1k | €76 | €366 | €8 | €774 | ▲ 9,575% |
| Financial charges65/66B | €9k | €9k | €10k | €12k | €12k | ▼ 1.4% |
| Recurring financial charges65 | €9k | €9k | €10k | €12k | €12k | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €2k | €-68k | €-116k | €-89k | €7k | ▲ 108% |
| Income taxes67/77 | €827 | €167 | €246 | €264 | €224 | ▼ 15.2% |
| Profit (loss) for the period9904 | €1k | €-68k | €-116k | €-89k | €7k | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-68k | €-116k | €-89k | €7k | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217k | €377k | €489k | €471k | €540k | ▲ 14.7% |
| Fixed assets21/28 | - | - | €2k | €3k | €3k | ▲ 14.1% |
| Financial fixed assets28 | - | - | €2k | €3k | €3k | ▲ 14.1% |
| Current assets29/58 | €217k | €377k | €487k | €468k | €537k | ▲ 14.7% |
| Stocks and contracts in progress3 | €147k | €262k | €316k | €349k | €350k | ▲ 0.4% |
| Stocks30/36 | €147k | €262k | €316k | €349k | €350k | ▲ 0.4% |
| Amounts receivable within one year40/41 | €16k | €23k | €39k | €63k | €81k | ▲ 29.3% |
| Trade receivables40 | €14k | €17k | €15k | €54k | €75k | ▲ 38.0% |
| Other amounts receivable41 | €3k | €7k | €24k | €8k | €6k | ▼ 27.7% |
| Cash at bank and in hand54/58 | €48k | €68k | €100k | €57k | €67k | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €7k | €22k | €32k | - | €39k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217k | €377k | €489k | €471k | €540k | ▲ 14.7% |
| Equity10/15 | €13k | €-55k | €-171k | €-260k | €-254k | ▲ 2.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | - | - |
| Issued capital100 | €19k | €19k | €19k | €19k | - | - |
| Uncalled capital101 | €12k | €12k | €12k | €12k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €5k | €-63k | €-180k | €-269k | €-262k | ▲ 2.4% |
| Amounts payable17/49 | €205k | €432k | €661k | €731k | €794k | ▲ 8.6% |
| Amounts payable within one year42/48 | €205k | €432k | €661k | €731k | €794k | ▲ 8.6% |
| Trade debts44 | €158k | €345k | €569k | €627k | €699k | ▲ 11.6% |
| Suppliers440/4 | €158k | €345k | €569k | €627k | €699k | ▲ 11.6% |
| Taxes, remuneration and social security45 | €46k | €75k | €91k | €104k | €94k | ▼ 9.7% |
| Taxes450/3 | €2k | €3k | €3k | €5k | €4k | ▼ 9.3% |
| Remuneration and social security454/9 | €44k | €72k | €88k | €100k | €90k | ▼ 9.7% |
| Other amounts payable47/48 | €585 | €12k | - | - | €239 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-68k | €-116k | €-89k | €7k | ▲ 107% |
| Operating cash flow (approximation) | €1k | €-68k | €-116k | €-89k | €7k | ▲ 107% |
| Investment in fixed assets (approximation) | - | - | - | €-260 | €-360 | ▼ 38.5% |
| Change in cash | - | €21k | €32k | €-43k | €10k | ▲ 123% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €70k ▲760%
Operating result €78k, net result €70k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 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, Namur · 4 establishment units since 2016
Ground area
8,262 m²
Building footprint
984 m²
Volume, LiDAR
3,842 m³
5 parcels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
44
companies at this address
See who is registered here
4 establishment units
NIGHT 16 JODOIGNE
since 20162.257.385.483
ND 83 FLORENVILLE
since 20182.275.210.620
ND 114 EUPEN
since 20222.326.696.141
ND 132 BAELEN
since 20232.341.921.775
5 parcels
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023B0064/00C000 | Wallonia | 3,205 m² | 1 · 277 m² | 5.1 m · 1 fl. |
| 63004A0438/00H000 | Wallonia | 2,760 m² | 1 · 343 m² | - |
| 92094B0311/00Z005 | Wallonia | 1,172 m² | 1 · 93 m² | 10.1 m · 2 fl. |
| 85011D0180/00E004 | Wallonia | 701 m² | 1 · 121 m² | 11.0 m · 3 fl. |
| 25048G0264/00H000 | Wallonia | 424 m² | 1 · 150 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
4 sitesBaelen (Lg.)2.341.921.775
Eupen2.326.696.141
Florenville2.275.210.620
Jodoigne2.257.385.483
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Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 763 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
Founded11-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47279Other retail sale of food
92000Gambling and betting activities
Scores and ratios are computed by Checked and are not a credit decision.