NAFIMMO
ActiveSummary
NAFIMMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €733,939 and a net result of -€30,149. Equity is growing by ~24.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 50.88 against 40.27 in 2024; short-term debt: 1.5% and cash: 76.7% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
96.4%
Return on assets
-4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30,149
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
64 d early
2023
71 d early
2022
18 d late
2021
44 d early
2020
15 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€733,939▼ 3.9%
2024 · €764,088
Total assets
€761,434▼ 4.7%
2024 · €799,012
Net result
-€30,149▼ 2.0%
2024 · -€29,545
Working capital
€573,099▼ 1.6%
2024 · €582,480
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,443€946,836-€27,821-€32,377▼ 16.4%-€29,347▲ 9.4%
Net result-€12,187€722,885-€23,090-€29,545▼ 28.0%-€30,149▼ 2.0%
Equity€93,839▼ 11.5%€816,723▲ 770%€793,633▼ 2.8%€764,088▼ 3.7%€733,939▼ 3.9%
Total assets€221,790▼ 8.2%€967,226▲ 336%€837,077▼ 13.5%€799,012▼ 4.5%€761,434▼ 4.7%
Debt€127,951▼ 5.6%€150,503▲ 17.6%€43,444▼ 71.1%€34,924▼ 19.6%€27,494▼ 21.3%
Working capital-€59,912▼ 40.9%€619,256€604,854▼ 2.3%€582,480▼ 3.7%€573,099▼ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29,347 in 2025 against €32,377 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761,434
Fixed assets
€176,846 ▼ 12.3%
Current assets
€584,588 ▼ 2.1%
Equity and liabilities €761,434
Equity
€733,939 ▼ 3.9%
Debt
€27,494 ▼ 21.3%
Debt's share of the balance-sheet total falls from 4.4% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,144▲
2024 · €3,672
Cash flow
€8,342▲
2024 · €6,503
Current ratio
50.88▲
2024 · 40.27
Debt to equity
0.04▼
2024 · 0.05
ROE
-4.1%▼
2024 · -3.9%
ROA
-4.0%▼
2024 · -3.7%
Interest coverage
22.24▲
2024 · 7.51
Debt ≤ 1 year
€11,489▼
2024 · €14,831
Debt > 1 year
€14,735▼
2024 · €20,093
Income taxes
€390▼
2024 · €392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.0m | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,700 | €33,066 | €34,666 | €36,049 | €38,491 | ▲ 6.8% |
| Other operating charges640/8 | €6,496 | €5,138 | €5,281 | €4,616 | €4,760 | ▲ 3.1% |
| Gross operating margin9900 | €8,753 | €985,039 | €12,126 | €8,288 | €13,903 | ▲ 67.8% |
| Operating profit (loss)9901 | -€11,443 | €946,836 | -€27,821 | -€32,377 | -€29,347 | ▲ 9.4% |
| Financial income75/76B | - | - | €5,744 | €3,712 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €5,744 | €3,712 | €0 | ▼ 100% |
| Financial charges65/66B | €744 | €3,782 | €565 | €489 | €411 | ▼ 15.9% |
| Recurring financial charges65 | €744 | €662 | €565 | €489 | €411 | ▼ 15.9% |
| Non-recurring financial charges66B | - | €3,120 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€12,187 | €943,054 | -€22,642 | -€29,153 | -€29,758 | ▼ 2.1% |
| Income taxes67/77 | - | €220,170 | €447 | €392 | €390 | ▼ 0.5% |
| Profit (loss) for the period9904 | -€12,187 | €722,885 | -€23,090 | -€29,545 | -€30,149 | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | -€12,187 | €722,885 | -€23,090 | -€29,545 | -€30,149 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,790 | €967,226 | €837,077 | €799,012 | €761,434 | ▼ 4.7% |
| Fixed assets21/28 | €187,995 | €226,586 | €212,696 | €201,701 | €176,846 | ▼ 12.3% |
| Tangible fixed assets22/27 | €187,885 | €226,586 | €212,696 | €201,701 | €176,846 | ▼ 12.3% |
| Land and buildings22 | €186,614 | €121,751 | €134,297 | €147,197 | €148,017 | ▲ 0.6% |
| Plant, machinery and equipment23 | €1,271 | €835 | €399 | €1,589 | €2,112 | ▲ 33.0% |
| Furniture and vehicles24 | - | €104,000 | €78,000 | €52,916 | €26,716 | ▼ 49.5% |
| Financial fixed assets28 | €110 | - | - | - | - | - |
| Current assets29/58 | €33,795 | €740,640 | €624,381 | €597,311 | €584,588 | ▼ 2.1% |
| Amounts receivable within one year40/41 | - | - | - | €721 | €721 | = |
| Other amounts receivable41 | - | - | - | €721 | €721 | = |
| Cash at bank and in hand54/58 | €33,795 | €740,441 | €623,592 | €596,589 | €583,867 | ▼ 2.1% |
| Deferred charges and accrued income490/1 | - | €199 | €789 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,790 | €967,226 | €837,077 | €799,012 | €761,434 | ▼ 4.7% |
| Equity10/15 | €93,839 | €816,723 | €793,633 | €764,088 | €733,939 | ▼ 3.9% |
| Contributions10/11 | €347,051 | €347,051 | €347,051 | €347,051 | €347,051 | = |
| Capital10 | €347,051 | €347,051 | €347,051 | €347,051 | €347,051 | = |
| Issued capital100 | €347,051 | €347,051 | €347,051 | €347,051 | €347,051 | = |
| Reserves13 | €2,479 | €469,672 | €469,672 | €469,672 | €469,672 | = |
| Non-distributable reserves130/1 | €2,479 | €25,839 | €25,839 | €25,839 | €25,839 | = |
| Legal reserve130 | €2,479 | €25,839 | €25,839 | €25,839 | €25,839 | = |
| Distributable reserves133 | - | €443,833 | €443,833 | €443,833 | €443,833 | = |
| Profit (loss) carried forward14 | -€255,691 | - | -€23,090 | -€52,635 | -€82,784 | ▼ 57.3% |
| Amounts payable17/49 | €127,951 | €150,503 | €43,444 | €34,924 | €27,494 | ▼ 21.3% |
| Amounts payable after more than one year17 | €34,244 | €29,119 | €23,917 | €20,093 | €14,735 | ▼ 26.7% |
| Financial debts170/4 | €34,244 | €29,119 | €23,917 | €18,638 | €13,280 | ▼ 28.7% |
| Other amounts payable178/9 | - | - | - | €1,455 | €1,455 | = |
| Amounts payable within one year42/48 | €93,707 | €121,384 | €19,527 | €14,831 | €11,489 | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | €5,050 | €5,125 | €5,202 | €5,279 | €5,358 | ▲ 1.5% |
| Trade debts44 | €2,146 | €1,599 | €917 | €0 | - | - |
| Suppliers440/4 | €2,146 | €1,599 | €917 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €32,176 | €447 | €0 | €390 | - |
| Taxes450/3 | - | €32,176 | €447 | €0 | €390 | - |
| Other amounts payable47/48 | €86,511 | €82,484 | €12,961 | €9,552 | €5,741 | ▼ 39.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,270 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,187 | €722,885 | -€23,090 | -€29,545 | -€30,149 | ▼ 2.0% |
| + Depreciation and write-downs630 | €13,700 | €33,066 | €34,666 | €36,049 | €38,491 | ▲ 6.8% |
| Operating cash flow (approximation) | €1,513 | €755,950 | €11,576 | €6,503 | €8,342 | ▲ 28.3% |
| Investment in fixed assets (approximation) | - | -€71,656 | -€20,777 | -€25,054 | -€13,635 | ▲ 45.6% |
| Change in cash | - | €706,646 | -€116,849 | -€27,003 | -€12,723 | ▲ 52.9% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€30,149
Net result drops to -€30,149, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 31.98
Current ratio from 6.10 to 31.98; short-term debt falls from €121,384 to €19,527.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €722,885
Net result €722,885 after one loss-making year.
31-12
Financial
Liquidity times 17current ratio 6.10
Current ratio from 0.36 to 6.10.
31-12
Financial
Equity above €500,000Eq €816,723 ▲770%
Equity rises from €93,839 to €816,723.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,519
Net result €2,519 after 2 loss-making years.
Show earlier events
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Antwerpen · 1 establishment unit since 1990
Ground area
41 m²
Building footprint
41 m²
Volume, LiDAR
204 m³
Parcel 11804D0851/00_000, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sleutelstraat 23, 2000 Antwerpen
since 19902.047.112.645
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0851/00_000 | Flanders | 41 m² | 1 · 41 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439611819
Also
9925:BE0439611819
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.