NADELL
InactiveFinancials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€37,275▼ 87.9%
2024 · -€19,833
Total assets
€23,546▼ 21.1%
2024 · €29,846
Net result
-€17,442▲ 32.9%
2024 · -€26,002
Working capital
-€58,771▼ 27.9%
2024 · -€45,958
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €15,849 in 2025 against €24,379 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€15,849
2025
Net result-€17,442
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€23,546
2025
Equity-€37,275
2025
Debt€60,821
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€58,771
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-74.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-158.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.03
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€12,641--€1,714▲ 86.4%€22,658€40,137▲ 77.1%-€11,290-€24,379▼ 116%-€15,849▲ 35.0%
Net result-€13,719--€1,626below the sector's middle half▲ 88.1%€21,978within the sector's middle half€27,122within the sector's middle half▲ 23.4%-€12,728below the sector's middle half-€26,002below the sector's middle half▼ 104%-€17,442below the sector's middle half▲ 32.9%
Equity-€28,660--€30,286below the sector's middle half▼ 5.7%-€8,308below the sector's middle half▲ 72.6%€18,814below the sector's middle half€6,086below the sector's middle half▼ 67.7%-€19,833below the sector's middle half-€37,275below the sector's middle half▼ 87.9%
Total assets€12,231-€10,738below the sector's middle half▼ 12.2%€65,582below the sector's middle half▲ 511%€64,218below the sector's middle half▼ 2.1%€41,763below the sector's middle half▼ 35.0%€29,846below the sector's middle half▼ 28.5%€23,546below the sector's middle half▼ 21.1%
Debt€40,892-€41,024▲ 0.3%€73,890▲ 80.1%€45,405▼ 38.6%€35,678▼ 21.4%€49,678▲ 39.2%€60,821▲ 22.4%
Working capital-€31,929--€30,550below the sector's middle half▲ 4.3%-€10,828below the sector's middle half▲ 64.6%-€22,556below the sector's middle half▼ 108%-€28,187below the sector's middle half▼ 25.0%-€45,958below the sector's middle half▼ 63.0%-€58,771below the sector's middle half▼ 27.9%
Solvency-234.3%--282.1%below the sector's middle half▼ 47.7pp-12.7%below the sector's middle half▲ 269.4pp29.3%within the sector's middle half▲ 42.0pp14.6%below the sector's middle half▼ 14.7pp-66.5%below the sector's middle half▼ 81.0pp-158.3%below the sector's middle half▼ 91.9pp
Current ratio0.22-0.26below the sector's middle half▲ 0.040.85below the sector's middle half▲ 0.600.50below the sector's middle half▼ 0.350.21below the sector's middle half▼ 0.290.05below the sector's middle half▼ 0.150.03below the sector's middle half▼ 0.02
Return on assets (ROA)-112.2%--15.1%below the sector's middle half▲ 97.0pp33.5%above the sector's middle half▲ 48.7pp42.2%above the sector's middle half▲ 8.7pp-30.5%below the sector's middle half▼ 72.7pp-87.1%below the sector's middle half▼ 56.6pp-74.1%below the sector's middle half▲ 13.0pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,546
Fixed assets
€21,496 ▼ 20.9%
Current assets
€2,050 ▼ 22.9%
Equity and liabilities
Equity-€37,275
Debt€60,821
Equity is negative: debt (€60,821) exceeds the balance-sheet total (€23,546).
Key figures and ratios
EBITDA
-€10,158▲
2024 · -€17,131
Cash flow
-€11,751▲
2024 · -€18,754
Interest coverage
-8.26▲
2024 · -15.41
Debt ≤ 1 year
€60,821▲
2024 · €48,617
Income taxes
€363▼
2024 · €512
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,674 | €6,254 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,294 | €3,004 | €325 | €3,370 | €7,283 | €7,248 | €5,691 | ▼ 21.5% |
| Other operating charges640/8 | - | - | - | €548 | €3,139 | €2,985 | €735 | ▼ 75.4% |
| Non-recurring operating charges66A | - | - | - | €2,724 | €1,874 | - | - | - |
| Gross operating margin9900 | -€9,174 | €1,829 | €23,523 | €46,779 | €1,006 | -€14,147 | -€9,423 | ▲ 33.4% |
| Operating profit (loss)9901 | -€12,641 | -€1,714 | €22,658 | €40,137 | -€11,290 | -€24,379 | -€15,849 | ▲ 35.0% |
| Financial income75/76B | - | - | - | €0 | - | €0 | €1 | ▲ 400% |
| Recurring financial income75 | €51 | - | - | €0 | - | €0 | €1 | ▲ 400% |
| Financial charges65/66B | - | - | - | €74 | €981 | €1,111 | €1,230 | ▲ 10.7% |
| Recurring financial charges65 | €78 | €129 | €169 | €74 | €981 | €1,111 | €1,230 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | -€12,669 | -€1,842 | €22,489 | €40,062 | -€12,270 | -€25,491 | -€17,079 | ▲ 33.0% |
| Income taxes67/77 | €1,050 | -€216 | €511 | €12,941 | €457 | €512 | €363 | ▼ 29.0% |
| Profit (loss) for the period9904 | -€13,719 | -€1,626 | €21,978 | €27,122 | -€12,728 | -€26,002 | -€17,442 | ▲ 32.9% |
| Profit (loss) for the period to be appropriated9905 | -€13,719 | -€1,626 | €21,978 | €27,122 | -€12,728 | -€26,002 | -€17,442 | ▲ 32.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €12,231 | €10,738 | €65,582 | €64,218 | €41,763 | €29,846 | €23,546 | ▼ 21.1% |
| Fixed assets21/28 | €3,268 | €264 | €2,520 | €41,717 | €34,435 | €27,187 | €21,496 | ▼ 20.9% |
| Tangible fixed assets22/27 | €3,268 | €264 | €2,520 | €41,717 | €34,435 | €27,187 | €21,496 | ▼ 20.9% |
| Furniture and vehicles24 | - | - | - | €6,082 | €3,677 | €1,307 | - | - |
| Other tangible fixed assets26 | - | - | - | €35,636 | €30,758 | €25,880 | €21,496 | ▼ 16.9% |
| Current assets29/58 | €8,963 | €10,474 | €63,062 | €22,501 | €7,329 | €2,659 | €2,050 | ▼ 22.9% |
| Amounts receivable within one year40/41 | €8,001 | €5,013 | €38,017 | €20,624 | €2,179 | €2,431 | €1,652 | ▼ 32.0% |
| Trade receivables40 | - | - | - | €18,931 | - | - | €728 | - |
| Other amounts receivable41 | - | - | - | €1,693 | €2,179 | €2,431 | €924 | ▼ 62.0% |
| Cash at bank and in hand54/58 | €98 | €5,461 | €24,766 | €1,584 | €4,762 | €36 | €398 | ▲ 1,013% |
| Deferred charges and accrued income490/1 | - | - | - | €292 | €387 | €192 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €12,231 | €10,738 | €65,582 | €64,218 | €41,763 | €29,846 | €23,546 | ▼ 21.1% |
| Equity10/15 | -€28,660 | -€30,286 | -€8,308 | €18,814 | €6,086 | -€19,833 | -€37,275 | ▼ 87.9% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€41,060 | -€42,686 | -€20,708 | €6,414 | -€6,314 | -€32,233 | -€49,675 | ▼ 54.1% |
| Amounts payable17/49 | €40,892 | €41,024 | €73,890 | €45,405 | €35,678 | €49,678 | €60,821 | ▲ 22.4% |
| Amounts payable within one year42/48 | €40,892 | €41,024 | €73,890 | €45,057 | €35,516 | €48,617 | €60,821 | ▲ 25.1% |
| Trade debts44 | €7,290 | €9,859 | €13,590 | €2,214 | €15,714 | €19,089 | - | - |
| Suppliers440/4 | - | - | - | €2,214 | €15,714 | €19,089 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €13,132 | €15,465 | €3,023 | €1,303 | ▼ 56.9% |
| Taxes450/3 | - | - | - | €13,132 | €15,465 | €3,023 | €1,303 | ▼ 56.9% |
| Other amounts payable47/48 | - | - | - | €29,712 | €4,337 | €26,505 | €59,518 | ▲ 125% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €162 | €1,061 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,719 | -€1,626 | €21,978 | €27,122 | -€12,728 | -€26,002 | -€17,442 | ▲ 32.9% |
| + Depreciation and write-downs630 | €3,294 | €3,004 | €325 | €3,370 | €7,283 | €7,248 | €5,691 | ▼ 21.5% |
| Operating cash flow (approximation) | -€10,424 | €1,378 | €22,303 | €30,492 | -€5,445 | -€18,754 | -€11,751 | ▲ 37.3% |
| Investment in fixed assets (approximation) | - | €0 | -€2,581 | -€42,567 | €0 | €0 | €0 | - |
| Change in cash | - | €5,362 | €19,305 | -€23,182 | €3,178 | -€4,726 | €363 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 82,152 companies in this sector, figures are known for 53,844. See the whole sector
Public contracts: not fully processed yet. The notices from February 2020 to September 2026 are still being read.