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Nago Immo

Active
Private limited companyfounded 20232 yrs activeRue Villana(JB) 34, 5100 Namur, BelgiumKBO/BCE: BE 1003.834.192
Summary

Nago Immo has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€129) and a net result of -€2,139. Equity is shrinking by ~102.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 16076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
Nago ImmoActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€239,293total assets 2025
Equity
-€129
Loss
-€2,139
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Board
1 member
Accounts 25 d early1 of 2 deeds read
Why 54Capped at 59: negative equity- 1 of the last 3 late- Liquidity: current ratio 6.95, cash €1,301, halved+ Sector Real estate activities (NACE 68)+ Size: total assets €239,293Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 25% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 25-1
equity -0.1% of total assets
Liquidity 49-5
short-term debt 12.5% · cash 0.5%
Profitability 35+17
return on assets -0.9%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,417 companies)
Last 24 months 01-2025: 0.1% 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +2.2% vs 03-2025 05-2025: 0.1%▼ -3.2% vs 04-2025lowest value 06-2025: 0.1%▲ +3.3% vs 05-2025 07-2025: 0.1%▲ +3.2% vs 06-2025 08-2025: 0.2%▲ +99.0% vs 07-2025 09-2025: 0.3%▲ +35.1% vs 08-2025 10-2025: 0.8%▲ +227% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.9%▲ +5.3% vs 11-2025 01-2026: 0.9%▼ -0.1% vs 12-2025 02-2026: 0.9%● 0.0% vs 01-2026 03-2026: 0.9%▼ -0.6% vs 02-2026 04-2026: 0.9%▲ +2.4% vs 03-2026highest value 05-2026: 0.9%▼ -0.7% vs 04-2026 06-2026: 0.9%▼ -1.2% vs 05-2026 07-2026: 0.9%▲ +1.1% vs 06-2026 08-2026: 0.8%▼ -12.2% vs 07-2026 09-2026: 0.8%● 0.0% vs 08-2026 10-2026: 0.8%● 0.0% vs 09-2026
  • Sector Real estate activities (NACE 68) lowers the probability
  • 1 of the last 3 late raises the probability
  • Size: total assets €239,293 lowers the probability for this profile
  • Liquidity: current ratio 6.95, cash €1,301, halved raises the probability
No credit on open account
Liquidity ample (current ratio 6.95 against 11.06 in 2024; short-term debt: 12.5% and cash: 0.5% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 19%, liquidity 46%, profitability 30%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €239,293
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 6.95, cash €1,301, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€129
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
25 d early
2024
39 d late
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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. Usually files around 31 August (3 of the last 3 filed years within 56 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Appointment: PICCININNO Anne-Laure (administrateur effectif)Purpose change · Power of…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€129 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€2,139 View
  • Caution: Among the weakest 20% on solvencysector median 29.4% · 16,076 companies -0.1% View
  • New directorlatest change 11-03-2026 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2025
Total assets
€239,293
Loss
-€2,139
Solvency
-0.1%
Total assets▲ 6.6%
Net result
20232025
Go to Financials

Timeline

Events
4
Since
2024
Next accounts
by 31-07-2027
  1. 06-07-2026Annual accounts filed
  2. 11-03-2026Appointment: PICCININNO Anne-Laure (administrateur effectif)
  3. 08-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
22-12-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Toutes opérations de promotion ou de développement immobilier, en ce compris le management…
Go to Articles of association

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