NADCOM
ActiveSummary
The computed 12-month bankruptcy probability of NADCOM is 6.0% (elevated). The 2024 annual accounts show negative equity (-€17,370) and a net result of €2,323. Equity is shrinking by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 18930 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.29 in 2023; short-term debt: 343.2% and cash: 43.3% of total assets), and equity is negative.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2024Solvency, return and age of the figures
Solvency
-243.2%
Return on assets
32.5%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
115 d late
2019
62 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 60 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€89,383▲ 9.3%
2023 · €81,789
EBIT margin
2.7%▼ 1.7pp
2023 · 4.4%
Net result
€2,323▼ 33.8%
2023 · €3,507
Working capital
-€17,370▲ 11.8%
2023 · -€19,693
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
Line20202021202220232024
Turnover€21,460▼ 49.2%€19,339▼ 9.9%€71,347▲ 269%€81,789▲ 14.6%€89,383▲ 9.3%
Operating result-€7,162-€11,116▼ 55.2%-€7,533▲ 32.2%€3,561€2,377▼ 33.2%
Net result-€7,149-€11,100▼ 55.3%-€7,965▲ 28.2%€3,507€2,323▼ 33.8%
EBIT margin-33.4%▼ 37.0pp-57.5%▼ 24.1pp-10.6%▲ 46.9pp4.4%▲ 14.9pp2.7%▼ 1.7pp
Equity-€4,134-€15,234▼ 268%-€23,200▼ 52.3%-€19,693▲ 15.1%-€17,370▲ 11.8%
Total assets€2,994▼ 59.4%€5,323▲ 77.8%€10,763▲ 102%€8,006▼ 25.6%€7,142▼ 10.8%
Debt€7,129▲ 63.2%€20,558▲ 188%€33,963▲ 65.2%€27,699▼ 18.4%€24,512▼ 11.5%
Working capital-€4,134-€15,234▼ 268%-€23,200▼ 52.3%-€19,693▲ 15.1%-€17,370▲ 11.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023.
Key figures and ratios
Solvency
-243.2%▲
2023 · -246.0%
Current ratio
0.29▲
2023 · 0.29
Quick ratio
0.13▼
2023 · 0.17
Debt to equity
-1.41▼
2023 · -1.41
ROA
32.5%▼
2023 · 43.8%
Debt ≤ 1 year
€24,512▼
2023 · €27,699
Staff costs
€48,855▼
2023 · €53,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.0% 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 497,058 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% | 1.6% |
| 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 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 2,176 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €21,460 | €19,339 | €71,347 | €81,789 | €89,383 | ▲ 9.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €12,309 | €27,258 | €31,481 | €38,715 | ▲ 23.0% |
| Remuneration, social security and pensions62 | - | €18,113 | €50,730 | €53,242 | €48,855 | ▼ 8.2% |
| Other operating charges640/8 | - | €33 | €892 | €4 | - | - |
| Gross operating margin9900 | €3,430 | €7,030 | €44,090 | €56,806 | €51,232 | ▼ 9.8% |
| Operating profit (loss)9901 | -€7,162 | -€11,116 | -€7,533 | €3,561 | €2,377 | ▼ 33.2% |
| Financial income75/76B | - | €16 | €2 | - | - | - |
| Recurring financial income75 | €13 | €16 | €2 | - | - | - |
| Financial charges65/66B | - | - | €80 | €54 | €54 | = |
| Recurring financial charges65 | - | - | €80 | €54 | €54 | = |
| Profit (loss) for the period before taxes9903 | -€7,149 | -€11,100 | -€7,611 | €3,507 | €2,323 | ▼ 33.8% |
| Income taxes67/77 | - | - | €354 | - | - | - |
| Profit (loss) for the period9904 | -€7,149 | -€11,100 | -€7,965 | €3,507 | €2,323 | ▼ 33.8% |
| Profit (loss) for the period to be appropriated9905 | -€7,149 | -€11,100 | -€7,965 | €3,507 | €2,323 | ▼ 33.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,994 | €5,323 | €10,763 | €8,006 | €7,142 | ▼ 10.8% |
| Current assets29/58 | €2,994 | €5,323 | €10,763 | €8,006 | €7,142 | ▼ 10.8% |
| Stocks and contracts in progress3 | €1,881 | €3,534 | €2,986 | €3,206 | €3,891 | ▲ 21.4% |
| Stocks30/36 | - | €3,534 | €2,986 | €3,206 | €3,891 | ▲ 21.4% |
| Amounts receivable within one year40/41 | €1,050 | €1,501 | €3,464 | €80 | €157 | ▲ 96.8% |
| Trade receivables40 | - | - | €3,400 | - | €5 | - |
| Other amounts receivable41 | - | €1,501 | €64 | €80 | €152 | ▲ 90.8% |
| Cash at bank and in hand54/58 | €63 | €288 | €4,313 | €4,716 | €3,094 | ▼ 34.4% |
| Deferred charges and accrued income490/1 | - | - | - | €5 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,994 | €5,323 | €10,763 | €8,006 | €7,142 | ▼ 10.8% |
| Equity10/15 | -€4,134 | -€15,234 | -€23,200 | -€19,693 | -€17,370 | ▲ 11.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€10,334 | -€21,434 | -€29,400 | -€25,893 | -€23,570 | ▲ 9.0% |
| Amounts payable17/49 | €7,129 | €20,558 | €33,963 | €27,699 | €24,512 | ▼ 11.5% |
| Amounts payable within one year42/48 | €7,129 | €20,558 | €33,963 | €27,699 | €24,512 | ▼ 11.5% |
| Trade debts44 | €1,762 | €4,022 | - | €1,212 | €323 | ▼ 73.4% |
| Suppliers440/4 | - | €4,022 | - | €1,212 | €323 | ▼ 73.4% |
| Taxes, remuneration and social security45 | - | €16,535 | €25,497 | €21,536 | €16,037 | ▼ 25.5% |
| Taxes450/3 | - | €4,449 | €5,302 | €6,009 | €5,295 | ▼ 11.9% |
| Remuneration and social security454/9 | - | €12,086 | €20,195 | €15,526 | €10,742 | ▼ 30.8% |
| Other amounts payable47/48 | - | - | €8,466 | €4,952 | €8,152 | ▲ 64.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,149 | -€11,100 | -€7,965 | €3,507 | €2,323 | ▼ 33.8% |
| Operating cash flow (approximation) | -€7,149 | -€11,100 | -€7,965 | €3,507 | €2,323 | ▼ 33.8% |
| Change in cash | - | €225 | €4,025 | €403 | -€1,622 | ▼ 503% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €3,507
Net result €3,507 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€11,100
Net result drops to -€11,100, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €1,730
Net result €1,730 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 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, Anderlecht · 1 establishment unit since 2018
Ground area
74 m²
Building footprint
70 m²
Volume, LiDAR
1,000 m³
Parcel 21304B0150/00N010, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NADCOM
since 20182.274.314.260
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0150/00N010 | Brussels | 74 m² | 1 · 70 m² | 16.7 m · 5 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
Food safety, FASFC
1 siteAnderlecht2.274.314.260
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 3,957 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 (pre-2019)
Founded20-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692694420
Also
9925:BE0692694420
Registered
03-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.