NAGINA

Active

Private limited companyfounded 201016 yrs activeBredabaan 714, 2930 Brasschaat, BelgiumKBO/BCE: BE 0826.641.126

The computed 12-month bankruptcy probability of NAGINA is 1.6% (moderate). The 2024 annual accounts show equity of €46k and a net result of €-5k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 6717 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

51 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability38▼-37

Solvency64▲+1

Growth68▼-17

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.22 against 2.48 in 2023; short-term debt: 22.8% and cash: 7.7% of total assets), but 61.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

38.6%

Return on assets

-4.4%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

76 d late

2023

71 d late

2022

295 d late

2021

205 d late

2020

25 d late

2019

60 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€56k▲ 178%

2020 · €20k

2018: €20k 2019: €27k 2020: €20k

2018 → 2021

EBIT margin

40.1%▲ 41.4pp

2020 · -1.2%

2018: 22.3% 2019: -33.6% 2020: -1.2%

2018 → 2021

Net result

€-5k

2023 · €6k

2018: €4k 2019: €-10k 2020: €-867 2021: €21k 2022: €14k 2023: €6k

2018 → 2024

Working capital

€33k▼ 11.7%

2023 · €37k

2018: €19k 2019: €2k 2020: €-73 2021: €22k 2022: €39k 2023: €37k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€20k-€56k▲ 178%

Equity€9k-€30k▲ 248%€44k▲ 47.4%€51k▲ 14.6%€46k▼ 10.3%

Operating result€-248-€22k€15k▼ 34.1%€13k▼ 12.5%€-2k

Net result€-867-€21k€14k▼ 33.5%€6k▼ 54.7%€-5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €2k after €13k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €118k

49.4%

50.6%

Fixed assets €58k▼ 19.6%

Current assets €60k▼ 4.2%

Equity and liabilities €118k

38.6%

61.4%

Equity €46k▼ 10.3%

Debt €73k▼ 13.8%

The debt ratio falls from 62.4% to 61.4%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€14k▼

2023 · €18k

Cash flow

€10k▼

2023 · €12k

Solvency

38.6%▲

2023 · 37.6%

Current ratio

2.22▼

2023 · 2.48

Quick ratio

2.22▼

2023 · 2.48

Debt / equity

1.59▼

2023 · 1.66

ROE

-11.5%▼

2023 · 12.7%

ROA

-4.4%▼

2023 · 4.8%

Interest coverage

2.95▼

2023 · 21.80

Debt

€73k▼

2023 · €84k

Debt ≤ 1 year

€27k▲

2023 · €25k

Debt > 1 year

€46k▼

2023 · €59k

Income taxes

€0▼

2023 · €7k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€135k€118k▼

Fixed assets21/28€73k€58k▼

Tangible fixed assets22/27€73k€58k▼

Furniture and vehicles24€73k€58k▼

Current assets29/58€62k€60k▼

Amounts receivable within one year40/41€54k€51k▼

Trade receivables40-€904

Other amounts receivable41€54k€50k▼

Cash at bank and in hand54/58€8k€9k▲

Deferred charges and accrued income490/1€91€0▼

Equity and liabilities

Total equity and liabilities10/49€135k€118k▼

Equity10/15€51k€46k▼

Contributions10/11€19k€19k=

Reserves13€405€405=

Non-distributable reserves130/1€405€405=

Reserves not available under the articles1311€405€405=

Profit (loss) carried forward14€32k€27k▼

Amounts payable17/49€84k€73k▼

Amounts payable after more than one year17€59k€46k▼

Financial debts170/4€59k€46k▼

Amounts payable within one year42/48€25k€27k▲

Current portion of amounts payable after more than one year42€13k€13k▲

Financial debts43€3k€0▼

Other loans439€3k€0▼

Trade debts44€4k€9k▲

Suppliers440/4€4k€9k▲

Taxes, remuneration and social security45€6k€5k▼

Taxes450/3€6k€4k▼

Remuneration and social security454/9-€650

Income statement Code20232024

Non-recurring operating income76A-€2k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€15k▲

Other operating charges640/8€2k€5k▲

Gross operating margin9900€19k€18k▼

Operating profit (loss)9901€13k€-2k▼

Financial income75/76B€1k€1k▼

Recurring financial income75€1k€1k▼

Financial charges65/66B€824€5k▲

Recurring financial charges65€824€5k▲

Profit (loss) for the period before taxes9903€13k€-5k▼

Income taxes67/77€7k€0▼

Profit (loss) for the period9904€6k€-5k▼

Profit (loss) for the period to be appropriated9905€6k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€32k€27k▼

Profit (loss) brought forward from the previous period14P€25k€32k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

2026

04-08

State Gazette act Registered office

General meeting · Registered-office move2 facts ▸

General meeting, 04/05/2026
Registered-office move, Bredabaan 714, 2930 Brasschaat

2025

15-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 76 days late

2024

10-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 71 days late

21-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 295 days late

2023

21-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 205 days late

2022

31-12

Financial Liquidity times 6current ratio 25.56

Current ratio from 4.19 to 25.56; short-term debt falls from €7k to €2k.

2021

31-12

Financial Back to profitnet €21k

Net result €21k after 2 loss-making years.

31-12

Financial Liquidity quadruplescurrent ratio 4.19

Current ratio from 0.99 to 4.19; short-term debt falls from €8k to €7k.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2020

29-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 60 days late

2019

31-12

Financial Weakest financial yearnet €-10k ▼345%

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 59 days late

2016

27-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 88 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brasschaat · 1 establishment unit since 2010

establishment The establishment unit on the map

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.

Bredabaan 7142930 Brasschaat

Ground area

6,654 m²

Building footprint

578 m²

Volume, LiDAR

4,599 m³