NADELL
InactiveOverview
Activity
Business and other management consultancy
NACE 70200
Size
€23,546total assets 2025
- Equity
- -€37,275
- Loss
- -€17,442
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
1 of 3 deeds read
Signalsraises riskNegative equityneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€37,275
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
209 days late
2023
498 days late
2022
3 days late
2021
24 days late
2020
23 days late
2019
5 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 102 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- End & cessationDissolution · Liquidation closure ·…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · 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 October 2019 to September 2026 are still being read.
Directors
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
30-06
Gazette deed
End & cessationDissolution · Liquidation closure · Approval10 facts ▸
Gazette deed
End & cessation
Dissolution · Liquidation closure · Approval10 facts ▸
- General meeting, 18-06-2026
- Other statement, “prise de connaissance des rapports, Première résolution” (deed in French)
- Other statement, “toutes les dettes à l'égard de l'actionnaire des tiers mentionnées dans l'état résumant la situation active et passive, déclaration de remboursement des dettes” (deed in French)
- Dissolution, “à partir du jour de l'acte, article 2:80 du Code des sociétés et des associations” (deed in French)
- Liquidation closure
- Approval, “situation des comptes” (deed in French)
- Other statement, “non-nomination de liquidateur, ne pas nommer de liquidateur” (deed in French)
- Net-asset statement, 05-05-2026
- Auditor report, “expert-comptable externe certifié, Bruxelles” (deed in French)
- Director discharge, administrateur unique (sole director)
2025
17-12
NBB filing
Annual accounts filed
financial year 2025 · micro format
28-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 209 days late
12-06
NBB filing
Annual accounts filed
financial year 2023 · micro format · 498 days late
2024
30-06
Financial
Weakest financial yearnet -€26,002
Net result drops to -€26,002, the lowest in the series.
2023
03-02
NBB filing
Annual accounts filed
financial year 2022 · micro format · 3 days late
2022
30-06
Financial
Highest result from 2019 to 2025net €27,122 ▲23.4%
Operating result €40,137, net result €27,122, both a record.
24-02
NBB filing
Annual accounts filed
financial year 2021 · micro format · 24 days late
2021
30-06
Financial
Back to profitnet €21,978
Net result €21,978 after 2 loss-making years.
23-02
NBB filing
Annual accounts filed
financial year 2020 · micro format · 23 days late
2020
05-02
NBB filing
Annual accounts filed
financial year 2019 · micro format · 5 days late
2019
20-02
NBB filing
Annual accounts filed
financial year 2018 · micro format · 20 days late
2018
31-01
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
31-01
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ukkel
Ground area
291 m²
Building footprint
124 m²
Building volume
1,666 m³
Parcel 21612C0056/02E079, Brussels · tallest building 15.1 m. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612C0056/02E079 | Brussels | 291 m² | 1 · 124 m² | 15.1 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Somme de l'apport remboursé et part dans solde de liquidation reçue avant ou lors de la clôture, dettes non payées au plus tard lors de la…” (deed in French)
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “1180 Uccle,Avenue Bel-Air 66, livres et documents sociaux” (deed in French)