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NADA

Active
Non-profit associationfounded 1990active for 36 yearsFernand Bernierstraat 15, 1060 Sint-Gillis (bij-Brussel), Belgium42 active companies are registered at this addressKBO/BCE: BE 0441.137.885
Summary

NADA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246,260 and a net result of -€58,627. Equity is shrinking by about 9.3% per year across the filed financial years. Its solvency ranks better than 94% of 685 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Other social work without accommodation
NACE 88999Performing arts by artistic ensembles NACE 90202
1 site
Size
€286,823total assets 2025
Equity
€246,260
Deficit
-€58,627
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 70 days early1 of 3 deeds read
Why 94raises risk1 change of registered office in 24 monthsLoss of €58,627, the second in a row (financial year 2025)lowers riskLegal form: non-profit associationLiquidity: current ratio 6.63, cash €172,003Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 88, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 85.9% of total assets
Liquidity 97+5
short-term debt 14.1% · cash 60.0%
Profitability 0=
return on assets -20.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,119 companies, NACE 88, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026highest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.63, compared with 4.29 in 2024; short-term debt: 14.1% and cash: 60% of total assets), and 14.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, micro): better than 92% on solvency, 92% on liquidity, 4% on profitability and 15% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 6.63, cash €172,003
NBB · annual accounts
raises risk · Loss of €58,627, the second in a row (financial year 2025)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€58,627
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
70 days early
2024
31 days early
2023
7 days early
2022
33 days early
2021
43 days early
2020
36 days late
2019
117 days 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 4 days before the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Vincent TAVIER (director)Appointment: Nathalie HODZIC (director) ·…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€58,627 View
  • Caution: Among the weakest 5% on net resultsector median €8,948 · 688 companies -€58,627 View
  • Caution: Board changedlatest change 27-11-2025 · 1 in office 1 joined · 1 left View
  • Positive: Result rose in 2025from -€155,956 to -€58,627 ▲ 62.4% View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Wallonia-Brussels supportpaid from 2021 to 2025 €189,577 View

By topic

Financials

Financial year
2025
Total assets
€286,823
Loss
-€58,627
Solvency
85.9%
Total assets▼ 26.8%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 24-07-2024Annual accounts filed
  3. 28-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Other social work without accommodationNACE 88999
Founded
01-04-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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