NAdAlAu
ActiveSummary
NAdAlAu has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,973 and a net result of -€35,022. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-64
Solvency47▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 3.25 in 2024; short-term debt: 15.9% and cash: 13.8% of total assets), and 77.8% 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
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
22.2%
Return on assets
-8.3%
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 25% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 25%
← 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 11-07-2026, 20 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
20 d early
2024
77 d late
2023
191 d late
2022
on the day
2021
8 d late
2020
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after 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. Usually files around 8 August (4 of the last 5 filed years within 69 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€93,973▼ 32.4%
2024 · €138,995
Total assets
€422,609▼ 7.2%
2024 · €455,229
Net result
-€35,022
2024 · €15,101
Working capital
€21,908▼ 76.6%
2024 · €93,582
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€61,818▲ 21.2%€27,682▼ 55.2%€23,492▼ 15.1%€27,439▲ 16.8%-€25,783
Net result€47,342within the sector's middle half▲ 27.3%€23,460within the sector's middle half▼ 50.4%€11,414within the sector's middle half▼ 51.3%€15,101within the sector's middle half▲ 32.3%-€35,022below the sector's middle half
Equity€89,019below the sector's middle half▲ 114%€112,479within the sector's middle half▲ 26.4%€123,893within the sector's middle half▲ 10.1%€138,995within the sector's middle half▲ 12.2%€93,973within the sector's middle half▼ 32.4%
Total assets€129,902below the sector's middle half▲ 108%€443,414within the sector's middle half▲ 241%€504,348above the sector's middle half▲ 13.7%€455,229within the sector's middle half▼ 9.7%€422,609within the sector's middle half▼ 7.2%
Debt€40,883▲ 96.6%€330,935▲ 709%€380,455▲ 15.0%€316,234▼ 16.9%€328,636▲ 3.9%
Working capital€77,147within the sector's middle half▲ 136%€49,414within the sector's middle half▼ 35.9%€61,527within the sector's middle half▲ 24.5%€93,582within the sector's middle half▲ 52.1%€21,908within the sector's middle half▼ 76.6%
Solvency68.5%within the sector's middle half▲ 1.8pp25.4%below the sector's middle half▼ 43.2pp24.6%below the sector's middle half▼ 0.8pp30.5%within the sector's middle half▲ 6.0pp22.2%below the sector's middle half▼ 8.3pp
Current ratio2.89within the sector's middle half▲ 0.312.10within the sector's middle half▼ 0.791.58within the sector's middle half▼ 0.523.25within the sector's middle half▲ 1.671.33within the sector's middle half▼ 1.92
Return on assets (ROA)36.4%above the sector's middle half▼ 23.1pp5.3%within the sector's middle half▼ 31.2pp2.3%within the sector's middle half▼ 3.0pp3.3%within the sector's middle half▲ 1.1pp-8.3%below the sector's middle half▼ 11.6pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25,783 after €27,439 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422,609
Fixed assets
€333,456 ▲ 4.2%
Current assets
€89,153 ▼ 34.1%
Equity and liabilities €422,609
Equity
€93,973 ▼ 32.4%
Debt
€328,636 ▲ 3.9%
Debt's share of the balance-sheet total rises from 69.5% to 77.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,724▼
2024 · €40,657
Cash flow
-€11,963▼
2024 · €28,319
Debt to equity
3.50▲
2024 · 2.28
ROE
-37.3%▼
2024 · 10.9%
Interest coverage
-0.30▼
2024 · 5.90
Debt ≤ 1 year
€67,246▲
2024 · €41,616
Debt > 1 year
€261,132=
2024 · €261,115
Income taxes
€250▼
2024 · €5,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,548 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 | €2,817 | €55,417 | €12,999 | €13,217 | €23,059 | ▲ 74.5% |
| Other operating charges640/8 | €1,439 | €3,310 | €1,656 | €9,455 | €2,328 | ▼ 75.4% |
| Gross operating margin9900 | €66,073 | €86,409 | €38,147 | €50,112 | -€396 | ▼ 101% |
| Operating profit (loss)9901 | €61,818 | €27,682 | €23,492 | €27,439 | -€25,783 | ▼ 194% |
| Financial income75/76B | €16 | €12 | €4 | €16 | €0 | ▼ 100% |
| Recurring financial income75 | €16 | €12 | €4 | €16 | €0 | ▼ 100% |
| Financial charges65/66B | €237 | €2,245 | €8,769 | €6,889 | €8,989 | ▲ 30.5% |
| Recurring financial charges65 | €237 | €2,245 | €8,769 | €6,889 | €8,989 | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | €61,597 | €25,449 | €14,727 | €20,566 | -€34,772 | ▼ 269% |
| Income taxes67/77 | €14,254 | €1,989 | €3,313 | €5,464 | €250 | ▼ 95.4% |
| Profit (loss) for the period9904 | €47,342 | €23,460 | €11,414 | €15,101 | -€35,022 | ▼ 332% |
| Profit (loss) for the period to be appropriated9905 | €47,342 | €23,460 | €11,414 | €15,101 | -€35,022 | ▼ 332% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,902 | €443,414 | €504,348 | €455,229 | €422,609 | ▼ 7.2% |
| Fixed assets21/28 | €11,872 | €349,064 | €336,065 | €320,030 | €333,456 | ▲ 4.2% |
| Tangible fixed assets22/27 | €11,872 | €349,064 | €336,065 | €320,030 | €333,456 | ▲ 4.2% |
| Land and buildings22 | - | €332,189 | €322,578 | €312,967 | €303,355 | ▼ 3.1% |
| Plant, machinery and equipment23 | €5,164 | €3,864 | €2,564 | €1,815 | €2,382 | ▲ 31.3% |
| Furniture and vehicles24 | €6,708 | €4,251 | €2,164 | €1,059 | €25,280 | ▲ 2,288% |
| Other tangible fixed assets26 | - | €8,760 | €8,760 | €4,190 | €2,438 | ▼ 41.8% |
| Current assets29/58 | €118,030 | €94,349 | €168,283 | €135,198 | €89,153 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €23,605 | €43,966 | €108,465 | €54,757 | €18,361 | ▼ 66.5% |
| Trade receivables40 | €23,595 | €32,298 | €77,837 | €33,658 | €11,825 | ▼ 64.9% |
| Other amounts receivable41 | €10 | €11,669 | €30,628 | €21,099 | €6,536 | ▼ 69.0% |
| Cash at bank and in hand54/58 | €93,698 | €49,898 | €57,387 | €78,822 | €58,297 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | €726 | €485 | €2,431 | €1,619 | €12,496 | ▲ 672% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,902 | €443,414 | €504,348 | €455,229 | €422,609 | ▼ 7.2% |
| Equity10/15 | €89,019 | €112,479 | €123,893 | €138,995 | €93,973 | ▼ 32.4% |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Reserves13 | €84,519 | €107,979 | €119,393 | €134,495 | €124,495 | ▼ 7.4% |
| Distributable reserves133 | €84,519 | €107,979 | €119,393 | €134,495 | €124,495 | ▼ 7.4% |
| Profit (loss) carried forward14 | - | - | - | - | -€35,022 | - |
| Amounts payable17/49 | €40,883 | €330,935 | €380,455 | €316,234 | €328,636 | ▲ 3.9% |
| Amounts payable after more than one year17 | - | €285,999 | €273,699 | €261,115 | €261,132 | = |
| Financial debts170/4 | - | €285,999 | €273,699 | €261,115 | €261,132 | = |
| Amounts payable within one year42/48 | €40,883 | €44,936 | €106,756 | €41,616 | €67,246 | ▲ 61.6% |
| Current portion of amounts payable after more than one year42 | - | €12,023 | €12,300 | €12,584 | €24,340 | ▲ 93.4% |
| Financial debts43 | - | €5,942 | €6,067 | €4,052 | €4,067 | ▲ 0.4% |
| Credit institutions430/8 | - | €5,942 | €6,067 | €4,052 | €4,067 | ▲ 0.4% |
| Trade debts44 | €12,964 | €17,714 | €87,562 | €7,962 | €25,831 | ▲ 224% |
| Suppliers440/4 | €12,964 | €17,714 | €87,562 | €7,962 | €25,831 | ▲ 224% |
| Taxes, remuneration and social security45 | €25,622 | €7,814 | €826 | €12,177 | €11,036 | ▼ 9.4% |
| Taxes450/3 | €25,620 | €4,105 | €826 | €12,177 | €11,036 | ▼ 9.4% |
| Remuneration and social security454/9 | €2 | €3,709 | - | - | - | - |
| Other amounts payable47/48 | €2,297 | €1,442 | - | €4,842 | €1,972 | ▼ 59.3% |
| Accrued charges and deferred income492/3 | - | - | - | €13,503 | €259 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,342 | €23,460 | €11,414 | €15,101 | -€35,022 | ▼ 332% |
| + Depreciation and write-downs630 | €2,817 | €55,417 | €12,999 | €13,217 | €23,059 | ▲ 74.5% |
| Operating cash flow (approximation) | €50,159 | €78,877 | €24,413 | €28,319 | -€11,963 | ▼ 142% |
| Investment in fixed assets (approximation) | - | -€392,609 | €0 | €2,818 | -€36,485 | ▼ 1,395% |
| Change in cash | - | -€43,800 | €7,489 | €21,436 | -€20,526 | ▼ 196% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€35,022
Net result drops to -€35,022, the lowest in the series.
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 191 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.25
Current ratio from 1.58 to 3.25; short-term debt falls from €106,756 to €41,616.
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €112,479 ▲26.4%
3 profitable years in a row build equity to €112,479.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Highest result since 2020net €47,342 ▲27.3%
Operating result €61,818, net result €47,342, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kraainem · 1 establishment unit since 2020
Ground area
568 m²
Building footprint
117 m²
Volume, LiDAR
852 m³
Parcel 22002A0371/00K000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Klein Normandië 10, 1950 Kraainem
since 20202.300.639.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002A0371/00K000 | Flanders | 568 m² | 1 · 117 m² | 11.2 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.
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Of 5,711 companies in sector 70100 we hold annual accounts for 3,519. 2,274 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
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742892118
Also
9925:BE0742892118
Registered
01-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.