NAEMA
ActiveSummary
NAEMA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€192,588) and a net result of -€5,769. Equity is shrinking by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 4711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+4
Solvency16=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.41 in 2024; short-term debt: 92.5% and cash: 2.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-8.9%
Return on assets
-0.3%
Age of the figures
12 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€192,588
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-03-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
34 d early
2023
32 d early
2022
2 d late
2021
2 d late
2020
1 d early
2019
28 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 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€192,588▼ 3.1%
2024 · -€186,819
Total assets
€2.2m▼ 1.7%
2024 · €2.2m
Net result
-€5,769▲ 3.4%
2024 · -€5,971
Working capital
-€1.2m▼ 2.5%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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-€10,349€13,235-€33,865€1,630€1,041▼ 36.1%
Net result-€22,923below the sector's middle half▼ 92.8%-€4,041within the sector's middle half▲ 82.4%-€42,106below the sector's middle half▼ 942%-€5,971below the sector's middle half▲ 85.8%-€5,769below the sector's middle half▲ 3.4%
Equity-€134,701below the sector's middle half▼ 20.5%-€138,742below the sector's middle half▼ 3.0%-€180,848below the sector's middle half▼ 30.3%-€186,819below the sector's middle half▼ 3.3%-€192,588below the sector's middle half▼ 3.1%
Total assets€1.8mabove the sector's middle half▲ 215%€1.6mabove the sector's middle half▼ 9.6%€2.0mabove the sector's middle half▲ 24.1%€2.2mabove the sector's middle half▲ 7.5%€2.2mabove the sector's middle half▼ 1.7%
Debt€1.9m▲ 183%€1.8m▼ 8.7%€2.2m▲ 24.6%€2.4m▲ 7.2%€2.3m▼ 1.3%
Working capital-€893,581below the sector's middle half▼ 678%-€554,771below the sector's middle half▲ 37.9%-€1.2mbelow the sector's middle half▼ 107%-€1.2mbelow the sector's middle half▼ 1.7%-€1.2mbelow the sector's middle half▼ 2.5%
Solvency-7.4%within the sector's middle half▲ 12.0pp-8.5%within the sector's middle half▼ 1.0pp-8.9%within the sector's middle half▼ 0.4pp-8.5%within the sector's middle half▲ 0.3pp-8.9%within the sector's middle half▼ 0.4pp
Current ratio0.38below the sector's middle half▲ 0.190.58within the sector's middle half▲ 0.200.36below the sector's middle half▼ 0.220.41below the sector's middle half▲ 0.050.40below the sector's middle half▼ 0.01
Return on assets (ROA)-1.3%within the sector's middle half▲ 0.8pp-0.2%within the sector's middle half▲ 1.0pp-2.1%within the sector's middle half▼ 1.8pp-0.3%within the sector's middle half▲ 1.8pp-0.3%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.4m ▼ 1.2%
Current assets
€792,483 ▼ 2.4%
Key figures and ratios
EBITDA
€29,179▲
2024 · €28,995
Cash flow
€22,369▲
2024 · €21,394
Quick ratio
0.40▼
2024 · 0.41
Debt to equity
-12.19▲
2024 · -12.72
Interest coverage
4.40▲
2024 · 3.90
Debt ≤ 1 year
€2.0m▲
2024 · €2.0m
Debt > 1 year
€355,186▼
2024 · €394,809
Income taxes
€180▲
2024 · €169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.1%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 1,217 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 | €25,060 | €24,520 | €22,553 | €27,365 | €28,138 | ▲ 2.8% |
| Other operating charges640/8 | €1,464 | €1,351 | €1,875 | €1,121 | €1,217 | ▲ 8.6% |
| Gross operating margin9900 | €16,175 | €39,106 | -€9,436 | €30,116 | €30,397 | ▲ 0.9% |
| Operating profit (loss)9901 | -€10,349 | €13,235 | -€33,865 | €1,630 | €1,041 | ▼ 36.1% |
| Financial income75/76B | - | €34 | - | - | - | - |
| Recurring financial income75 | - | €34 | - | - | - | - |
| Financial charges65/66B | €12,574 | €17,191 | €8,081 | €7,431 | €6,631 | ▼ 10.8% |
| Recurring financial charges65 | €12,574 | €17,191 | €8,081 | €7,431 | €6,631 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | -€22,923 | -€3,922 | -€41,945 | -€5,802 | -€5,590 | ▲ 3.7% |
| Income taxes67/77 | - | €119 | €161 | €169 | €180 | ▲ 6.2% |
| Profit (loss) for the period9904 | -€22,923 | -€4,041 | -€42,106 | -€5,971 | -€5,769 | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | -€22,923 | -€4,041 | -€42,106 | -€5,971 | -€5,769 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.6m | €2.0m | €2.2m | €2.2m | ▼ 1.7% |
| Fixed assets21/28 | €1.3m | €889,286 | €1.4m | €1.4m | €1.4m | ▼ 1.2% |
| Intangible fixed assets21 | €366,276 | €3,647 | €24,635 | €19,235 | €13,835 | ▼ 28.1% |
| Tangible fixed assets22/27 | €552,907 | €535,139 | €516,407 | €496,801 | €485,353 | ▼ 2.3% |
| Land and buildings22 | €531,944 | €516,525 | €501,122 | €485,719 | €470,316 | ▼ 3.2% |
| Plant, machinery and equipment23 | €20,963 | €15,439 | €13,697 | €9,139 | €4,103 | ▼ 55.1% |
| Furniture and vehicles24 | - | €3,175 | €1,588 | €0 | €8,991 | - |
| Assets under construction and advance payments27 | - | - | - | €1,943 | €1,943 | = |
| Financial fixed assets28 | €350,500 | €350,500 | €862,457 | €862,457 | €862,457 | = |
| Current assets29/58 | €544,658 | €751,729 | €633,516 | €811,825 | €792,483 | ▼ 2.4% |
| Stocks and contracts in progress3 | €232,165 | €6,802 | €5,336 | €4,920 | €3,995 | ▼ 18.8% |
| Stocks30/36 | €232,165 | €6,802 | €5,336 | €4,920 | €3,995 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €289,878 | €649,552 | €524,995 | €782,443 | €741,938 | ▼ 5.2% |
| Trade receivables40 | €216,184 | €13,190 | €5,340 | €52,750 | €16,136 | ▼ 69.4% |
| Other amounts receivable41 | €73,694 | €636,362 | €519,655 | €729,693 | €725,803 | ▼ 0.5% |
| Cash at bank and in hand54/58 | €22,293 | €95,118 | €103,186 | €24,462 | €45,932 | ▲ 87.8% |
| Deferred charges and accrued income490/1 | €322 | €257 | - | - | €618 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.6m | €2.0m | €2.2m | €2.2m | ▼ 1.7% |
| Equity10/15 | -€134,701 | -€138,742 | -€180,848 | -€186,819 | -€192,588 | ▼ 3.1% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Outside capital11 | - | - | €45,000 | €45,000 | - | - |
| Other1109/19 | - | - | €45,000 | €45,000 | - | - |
| Profit (loss) carried forward14 | -€179,701 | -€183,742 | -€225,848 | -€231,819 | -€237,588 | ▼ 2.5% |
| Amounts payable17/49 | €1.9m | €1.8m | €2.2m | €2.4m | €2.3m | ▼ 1.3% |
| Amounts payable after more than one year17 | €510,039 | €472,217 | €433,823 | €394,809 | €355,186 | ▼ 10.0% |
| Financial debts170/4 | €510,039 | €472,217 | €433,823 | €394,809 | €355,186 | ▼ 10.0% |
| Amounts payable within one year42/48 | €1.4m | €1.3m | €1.8m | €2.0m | €2.0m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €37,241 | €37,823 | €38,394 | €39,013 | €39,623 | ▲ 1.6% |
| Trade debts44 | €775,366 | €370,288 | €2,462 | €2,738 | €19,911 | ▲ 627% |
| Suppliers440/4 | €775,366 | €370,288 | €2,462 | €2,738 | €19,911 | ▲ 627% |
| Taxes, remuneration and social security45 | €3,383 | €4,685 | €2,371 | €10,240 | €3,453 | ▼ 66.3% |
| Taxes450/3 | €1,324 | €2,599 | €2,371 | €10,240 | €3,453 | ▼ 66.3% |
| Remuneration and social security454/9 | €2,059 | €2,086 | - | - | - | - |
| Other amounts payable47/48 | €622,249 | €893,704 | €1.7m | €1.9m | €1.9m | = |
| Accrued charges and deferred income492/3 | €764 | €1,040 | - | €891 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,923 | -€4,041 | -€42,106 | -€5,971 | -€5,769 | ▲ 3.4% |
| + Depreciation and write-downs630 | €25,060 | €24,520 | €22,553 | €27,365 | €28,138 | ▲ 2.8% |
| Operating cash flow (approximation) | €2,137 | €20,479 | -€19,553 | €21,394 | €22,369 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €355,877 | -€536,766 | -€2,360 | -€11,290 | ▼ 378% |
| Change in cash | - | €72,825 | €8,068 | -€78,724 | €21,470 | ▲ 127% |
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
28-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
Financial
Weakest financial yearnet -€88,724
Net result drops to -€88,724, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tinlot · 1 establishment unit since 2012
Ground area
3,524 m²
Building footprint
471 m²
Volume, LiDAR
2,681 m³
2 parcels, Wallonia · tallest building 19.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Naema
since 20122.211.116.978
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61023C0111/00G000 | Wallonia | 1,804 m² | 1 · 278 m² | 19.5 m · 2 fl. |
| 61044B0135/00C005 | Wallonia | 1,721 m² | 1 · 193 m² | 8.0 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the annual accounts to 30-09-2025 of NAEMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNeupré2.211.116.978
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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 3,792 companies in sector 96993 we hold annual accounts for 143. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-07-2012
Fiscal year end30-09
Activities, NACEBEL 2025
96993Pet care services, excluding veterinary services
10920Manufacture of food products
46382Wholesale trade
47762Retail sale of pets, pet food and pet supplies
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847017757
Also
9925:BE0847017757
Registered
14-08-2025
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.