NADECE
ActiveSummary
NADECE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,682 and a net result of €55,307. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 73% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+1
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 2.23 in 2024; short-term debt: 13.2% and cash: 14.1% of total assets), and 23.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.4%
Return on assets
16.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
1 d early
2022
27 d late
2021
30 d late
2020
30 d late
2019
119 d 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 37 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€251,682▲ 11.2%
2024 · €226,318
Total assets
€329,363▼ 5.5%
2024 · €348,713
Net result
€55,307▲ 0.1%
2024 · €55,245
Working capital
€81,186▲ 15.2%
2024 · €70,463
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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€43,990▲ 124%€102,613▲ 133%€38,810▼ 62.2%€85,595▲ 121%€83,078▼ 2.9%
Net result€24,722within the sector's middle half▲ 588%€61,833above the sector's middle half▲ 150%€20,378within the sector's middle half▼ 67.0%€55,245above the sector's middle half▲ 171%€55,307above the sector's middle half▲ 0.1%
Equity€152,408within the sector's middle half▲ 19.4%€150,695within the sector's middle half▼ 1.1%€171,073within the sector's middle half▲ 13.5%€226,318above the sector's middle half▲ 32.3%€251,682above the sector's middle half▲ 11.2%
Total assets€329,758within the sector's middle half▼ 23.1%€362,051above the sector's middle half▲ 9.8%€325,824within the sector's middle half▼ 10.0%€348,713above the sector's middle half▲ 7.0%€329,363above the sector's middle half▼ 5.5%
Debt€177,350▼ 41.1%€211,355▲ 19.2%€154,751▼ 26.8%€122,395▼ 20.9%€77,681▼ 36.5%
Working capital-€10,174below the sector's middle half▲ 44.1%-€23,979below the sector's middle half▼ 136%€23,570within the sector's middle half€70,463within the sector's middle half▲ 199%€81,186within the sector's middle half▲ 15.2%
Solvency46.2%within the sector's middle half▲ 16.4pp41.6%within the sector's middle half▼ 4.6pp52.5%within the sector's middle half▲ 10.9pp64.9%within the sector's middle half▲ 12.4pp76.4%within the sector's middle half▲ 11.5pp
Current ratio0.85below the sector's middle half▼ 0.040.81below the sector's middle half▼ 0.041.38within the sector's middle half▲ 0.572.23within the sector's middle half▲ 0.842.87within the sector's middle half▲ 0.64
Return on assets (ROA)7.5%within the sector's middle half▲ 6.7pp17.1%within the sector's middle half▲ 9.6pp6.3%within the sector's middle half▼ 10.8pp15.8%within the sector's middle half▲ 9.6pp16.8%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329,363
Fixed assets
€204,790 ▼ 7.3%
Current assets
€124,573 ▼ 2.6%
Equity and liabilities €329,363
Equity
€251,682 ▲ 11.2%
Debt
€77,681 ▼ 36.5%
Debt's share of the balance-sheet total falls from 35.1% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100,999▼
2024 · €105,579
Cash flow
€73,228▼
2024 · €75,229
Debt to equity
0.31▼
2024 · 0.54
ROE
22.0%▼
2024 · 24.4%
Interest coverage
21.39▲
2024 · 16.46
Debt ≤ 1 year
€43,387▼
2024 · €57,406
Debt > 1 year
€34,294▼
2024 · €64,112
Income taxes
€24,475▼
2024 · €24,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 34,679 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 | €17,633 | €19,948 | €20,023 | €19,983 | €17,921 | ▼ 10.3% |
| Other operating charges640/8 | €2,973 | €4,870 | €6,244 | €3,015 | €3,684 | ▲ 22.2% |
| Gross operating margin9900 | €64,597 | €127,432 | €65,077 | €108,594 | €104,683 | ▼ 3.6% |
| Operating profit (loss)9901 | €43,990 | €102,613 | €38,810 | €85,595 | €83,078 | ▼ 2.9% |
| Financial income75/76B | €3,804 | €0 | €4 | €594 | €1,426 | ▲ 140% |
| Recurring financial income75 | €3,804 | €0 | €4 | €594 | €1,426 | ▲ 140% |
| Financial charges65/66B | €11,038 | €13,688 | €6,736 | €6,413 | €4,722 | ▼ 26.4% |
| Recurring financial charges65 | €11,038 | €13,288 | €6,736 | €6,413 | €4,722 | ▼ 26.4% |
| Non-recurring financial charges66B | - | €400 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €36,756 | €88,925 | €32,078 | €79,776 | €79,782 | = |
| Income taxes67/77 | €12,034 | €27,092 | €11,701 | €24,531 | €24,475 | ▼ 0.2% |
| Profit (loss) for the period9904 | €24,722 | €61,833 | €20,378 | €55,245 | €55,307 | ▲ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €24,722 | €61,833 | €20,378 | €55,245 | €55,307 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,758 | €362,051 | €325,824 | €348,713 | €329,363 | ▼ 5.5% |
| Fixed assets21/28 | €274,237 | €259,834 | €240,827 | €220,844 | €204,790 | ▼ 7.3% |
| Tangible fixed assets22/27 | €268,697 | €258,484 | €239,477 | €219,494 | €203,440 | ▼ 7.3% |
| Land and buildings22 | €266,336 | €249,894 | €233,451 | €217,009 | €200,567 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €2,353 | €1,775 | €1,196 | €2,414 | ▲ 102% |
| Furniture and vehicles24 | €2,361 | €6,237 | €4,251 | €1,288 | €459 | ▼ 64.4% |
| Financial fixed assets28 | €5,540 | €1,350 | €1,350 | €1,350 | €1,350 | = |
| Current assets29/58 | €55,521 | €102,216 | €84,997 | €127,869 | €124,573 | ▼ 2.6% |
| Amounts receivable after more than one year29 | - | - | - | €5,951 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €5,951 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €47,780 | €77,150 | €44,977 | €62,016 | €77,997 | ▲ 25.8% |
| Trade receivables40 | €30,272 | €77,150 | €44,977 | €51,772 | €66,953 | ▲ 29.3% |
| Other amounts receivable41 | €17,508 | €0 | - | €10,244 | €11,044 | ▲ 7.8% |
| Cash at bank and in hand54/58 | €6,680 | €24,006 | €38,474 | €58,842 | €46,576 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | €1,060 | €1,060 | €1,545 | €1,060 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,758 | €362,051 | €325,824 | €348,713 | €329,363 | ▼ 5.5% |
| Equity10/15 | €152,408 | €150,695 | €171,073 | €226,318 | €251,682 | ▲ 11.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €140,008 | €138,295 | €158,673 | €213,918 | €239,282 | ▲ 11.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €138,148 | €136,435 | €156,813 | €212,058 | €237,422 | ▲ 12.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €177,350 | €211,355 | €154,751 | €122,395 | €77,681 | ▼ 36.5% |
| Amounts payable after more than one year17 | €110,779 | €84,284 | €92,448 | €64,112 | €34,294 | ▼ 46.5% |
| Financial debts170/4 | €110,779 | €84,284 | €92,448 | €64,112 | €34,294 | ▼ 46.5% |
| Amounts payable within one year42/48 | €65,695 | €126,195 | €61,427 | €57,406 | €43,387 | ▼ 24.4% |
| Current portion of amounts payable after more than one year42 | €25,592 | €26,495 | €35,123 | €28,335 | €29,819 | ▲ 5.2% |
| Financial debts43 | €933 | €0 | - | - | - | - |
| Credit institutions430/8 | €933 | €0 | - | - | - | - |
| Trade debts44 | €7,065 | €4,930 | €1,884 | €2,037 | €2,191 | ▲ 7.5% |
| Suppliers440/4 | €7,065 | €4,930 | €1,884 | €2,037 | €2,191 | ▲ 7.5% |
| Taxes, remuneration and social security45 | €32,104 | €62,809 | €19,828 | €27,034 | €9,098 | ▼ 66.3% |
| Taxes450/3 | €32,104 | €62,809 | €19,828 | €27,034 | €9,098 | ▼ 66.3% |
| Other amounts payable47/48 | €0 | €31,960 | €4,592 | €0 | €2,280 | - |
| Accrued charges and deferred income492/3 | €876 | €876 | €876 | €876 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,722 | €61,833 | €20,378 | €55,245 | €55,307 | ▲ 0.1% |
| + Depreciation and write-downs630 | €17,633 | €19,948 | €20,023 | €19,983 | €17,921 | ▼ 10.3% |
| Operating cash flow (approximation) | €42,355 | €81,781 | €40,400 | €75,229 | €73,228 | ▼ 2.7% |
| Investment in fixed assets (approximation) | - | -€5,545 | -€1,016 | €0 | -€1,868 | - |
| Change in cash | - | €17,326 | €14,468 | €20,368 | -€12,266 | ▼ 160% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €200,000Eq €226,318 ▲32.3%
7 profitable years in a row build equity to €226,318.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Highest result since 2018net €61,833 ▲150%
Operating result €102,613, net result €61,833, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €150,000Eq €152,408 ▲19.4%
4 profitable years in a row build equity to €152,408.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €3,294 ▼78.2%
Net result drops to €3,294, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 76 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Edegem · 1 establishment unit since 2006
Ground area
734 m²
Building footprint
274 m²
Volume, LiDAR
2,776 m³
2 parcels, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nadece
since 20062.156.779.162
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0284/00D004 | Flanders | 454 m² | 1 · 149 m² | 15.6 m · 5 fl. |
| 11013A0002/00C005 | Flanders | 280 m² | 1 · 125 m² | 11.2 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,201 EUR awarded · 2,021 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,578 EUR | 1,398 EUR |
| 2024 | 1 | 450 EUR | 450 EUR |
| 2022 | 1 | 173 EUR | 173 EUR |
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,017 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
Founded06-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884064928
Also
9925:BE0884064928
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.