Financials
- Fiscal year
- 2025
- Turnover
- €15.0m
- Profit
- €686,840
- Solvency
- 50.9%
Turnover▲ 9.5%
Net result
20212025
NAIA
ActiveSummary
NAIA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €686,840. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 4473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47112NACE 47113
#8 employer in Etterbeek, Wholesale and retail trade sector1 site
How big
€15.0mturnover 2025
- Staff
- 39.6 FTE
- Equity
- €3.8m
- Profit
- €686,840
Who decides
- Board
- 4 members
- Holdings
- 1
Accounts filed 31 d late1 of 6 deeds read
Why 91- Latest accounts 31 days late; 3 of the last 3 late+ Founded in 2003+ Size: turnover €15.0m, 39.6 FTE, total assets €7.4m+ Profit of €686,840 (FY 2025)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Better than 70% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
76+7
equity 50.9% of total assets
Liquidity
55-3
short-term debt 22.4% · cash 10.1%
Profitability
70-4
return on assets 9.3%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 0.4%highest value
09-2026: 0.2%▼ -45.2% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Founded in 2003 lowers the probability for this profile
- Latest accounts 31 days late; 3 of the last 3 late raises the probability
- Size: turnover €15.0m, 39.6 FTE, total assets €7.4m lowers the probability for this profile
- Profit of €686,840 (FY 2025) lowers the probability
Credit up to €340,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.99 in 2024; short-term debt: 22.4% and cash: 10.1% of total assets), and 49.1% of the assets are financed with debt.
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 47, small). Better than this share of them on solvency 73%, liquidity 73%, profitability 56%, growth against the median 79%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
61 d late
2022
67 d late
2021
30 d late
2020
22 d late
2019
61 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 48 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Resignations: Elias KARIAKOUS, Nepil KARIAKOUS and…Reappointments: Elias KARIAKOUS, Nepil KARIAKOUS…
- Annual accounts filedfiscal year 2024 · unclassified…
Key points
By topic
Board & ownership
- Board
- 4 members
Go to Board & ownership
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 07-07-2026Resignations: Elias KARIAKOUS, Nepil KARIAKOUS and Razkalla…
- 30-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 30-01-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 30
- Annual meeting
- 30 June at 18:00
- Purpose
- Le commerce de gros et de détail en alimentation générale (fruit, légumes,…); Le commerce…
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