NADESCO
ActiveNADESCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €78k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+8
Solvency53▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.18 in 2024; short-term debt: 56.5% and cash: 21.8% of total assets), and 72.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
27.8%
Return on assets
8.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
on the day
2022
30 d late
2021
30 d late
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€251k▲ 26.2%
2024 · €199k
2019: €148k
2020: €174k
2021: €149k
2022: €188k
2023: €215k
2024: €199k
2019 → 2025
Total assets
€903k▲ 9.0%
2024 · €828k
2019: €513k
2020: €530k
2021: €517k
2022: €782k
2023: €854k
2024: €828k
2019 → 2025
Net result
€78k▲ 300%
2024 · €20k
2019: €19k
2020: €26k
2021: €15k
2022: €40k
2023: €45k
2024: €20k
2019 → 2025
Working capital
€138k▲ 63.1%
2024 · €85k
2019: €85k
2020: €112k
2021: €88k
2022: €110k
2023: €94k
2024: €85k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€188k▲ 26.6%€215k▲ 14.0%€199k▼ 7.4%€251k▲ 26.2%
Operating result€30k-€67k▲ 123%€75k▲ 11.9%€52k▼ 31.1%€139k▲ 169%
Net result€15k-€40k▲ 156%€45k▲ 12.5%€20k▼ 56.2%€78k▲ 300%
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 recovers in 2025; 2025 is 169% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903k
Fixed assets
€255k▼ 10.3%
Current assets
€648k▲ 19.1%
Equity and liabilities €903k
Equity
€251k▲ 26.2%
Debt
€652k▲ 3.6%
The debt ratio falls from 76.0% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€210k▲
2024 · €125k
Cash flow
€149k▲
2024 · €93k
Solvency
27.8%▲
2024 · 24.0%
Current ratio
1.27▲
2024 · 1.18
Quick ratio
0.81▼
2024 · 0.89
Debt / equity
2.60▼
2024 · 3.17
ROE
31.1%▲
2024 · 9.8%
ROA
8.6%▲
2024 · 2.4%
Interest coverage
9.25▲
2024 · 6.86
Debt
€652k▲
2024 · €629k
Debt ≤ 1 year
€510k▲
2024 · €459k
Debt > 1 year
€140k▼
2024 · €169k
Income taxes
€32k▲
2024 · €11k
Staff costs
€81k▼
2024 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€828k€903k▲
Fixed assets21/28€284k€255k▼
Tangible fixed assets22/27€284k€255k▼
Land and buildings22€159k€137k▼
Plant, machinery and equipment23€60k€54k▼
Furniture and vehicles24€63k€61k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€544k€648k▲
Stocks and contracts in progress3€135k€235k▲
Stocks30/36€75k€55k▼
Contracts in progress37€60k€180k▲
Amounts receivable within one year40/41€303k€165k▼
Trade receivables40€263k€104k▼
Other amounts receivable41€41k€61k▲
Cash at bank and in hand54/58€104k€197k▲
Deferred charges and accrued income490/1€2k€51k▲
Equity and liabilities
Total equity and liabilities10/49€828k€903k▲
Equity10/15€199k€251k▲
Contributions10/11€19k€19k=
Reserves13€180k€232k▲
Distributable reserves133€180k€232k▲
Amounts payable17/49€629k€652k▲
Amounts payable after more than one year17€169k€140k▼
Financial debts170/4€169k€140k▼
Amounts payable within one year42/48€459k€510k▲
Current portion of amounts payable after more than one year42€30k€28k▼
Financial debts43€9k€129k▲
Credit institutions430/8€9k€129k▲
Trade debts44€337k€314k▼
Suppliers440/4€337k€314k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€8k€8k▲
Other amounts payable47/48€73k€26k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€103k€81k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€71k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€232k€294k▲
Operating profit (loss)9901€52k€139k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€21k€30k▲
Recurring financial charges65€18k€23k▲
Non-recurring financial charges66B€3k€7k▲
Profit (loss) for the period before taxes9903€30k€110k▲
Income taxes67/77€11k€32k▲
Profit (loss) for the period9904€20k€78k▲
Profit (loss) for the period to be appropriated9905€20k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€78k▲
Transfer from equity791/2€35k€26k▼
Transfer to equity691/2€20k€78k▲
To other reserves6921€20k€78k▲
Profit to be distributed694/7€35k€26k▼
Return on contributions (dividend)694€35k€26k▼
Social balance
Average headcount (FTE)90871.51.5=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €78k ▲300%
Operating result €139k, net result €78k, both a record.
31-03
Financial
Equity above €200kEq €251k ▲26.2%
7 profitable years in a row build equity to €251k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €200kEq €215k ▲14%
5 profitable years in a row build equity to €215k.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-03
Financial
Equity above €150kEq €188k ▲26.6%
4 profitable years in a row build equity to €188k.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €15k ▼40.4%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €150kEq €174k ▲17.6%
2 profitable years in a row build equity to €174k.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Maarkedal · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kabuize 39680 MaarkedalGround area
1,488 m²
Building footprint
273 m²
Volume, LiDAR
1,404 m³
Parcel 45020A0756/00E000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NADESCO
since 20072.160.406.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45020A0756/00E000 | Flanders | 1,488 m² | 1 · 273 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
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Cuyvers HVAC
BE 0820.654.345
Dessel · Eq €251k
SOENENS – SANITAIR & VERWARMING
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Gyselinck Installaties
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Zonnebeke · Eq €250k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2007
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
45310
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.