NALD
ActiveSummary
NALD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €718,762 and a net result of €252,667. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency96▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 3.62 in 2024; short-term debt: 29.4% and cash: 55.5% of total assets), and 29.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.5%
Return on assets
24.8%
Age of the figures
9 mo
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 12-05-2026, 80 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
80 d early
2024
4 d late
2023
62 d early
2022
21 d late
2021
2 d early
2020
2 d early
2019
on the day
← 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
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
€718,762▼ 10.8%
2024 · €805,549
Total assets
€1.0m▼ 7.2%
2024 · €1.1m
Net result
€252,667▼ 5.7%
2024 · €268,003
Working capital
€684,380▼ 10.1%
2024 · €761,035
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€311,768▼ 55.8%€315,827▲ 1.3%€177,004▼ 44.0%€313,282▲ 77.0%€315,853▲ 0.8%
Net result€215,356above the sector's middle half▼ 55.5%€234,515above the sector's middle half▲ 8.9%€150,397within the sector's middle half▼ 35.9%€268,003above the sector's middle half▲ 78.2%€252,667above the sector's middle half▼ 5.7%
Equity€933,560within the sector's middle half▲ 30.0%€1.2mwithin the sector's middle half▲ 25.1%€1.1mwithin the sector's middle half▼ 6.7%€805,549above the sector's middle half▼ 26.1%€718,762above the sector's middle half▼ 10.8%
Total assets€968,858within the sector's middle half▲ 2.1%€1.3mwithin the sector's middle half▲ 30.7%€1.1mwithin the sector's middle half▼ 13.0%€1.1mabove the sector's middle half▼ 0.4%€1.0mabove the sector's middle half▼ 7.2%
Debt€35,299▼ 84.7%€98,594▲ 179%€12,270▼ 87.6%€291,944▲ 2,279%€300,227▲ 2.8%
Working capital€925,269▲ 31.6%€1.2m▲ 24.8%€1.1m▼ 6.7%€761,035▼ 29.3%€684,380▼ 10.1%
Solvency96.4%above the sector's middle half▲ 20.7pp92.2%above the sector's middle half▼ 4.1pp98.9%above the sector's middle half▲ 6.7pp73.4%within the sector's middle half▼ 25.5pp70.5%within the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +78% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€35,349 ▼ 22.6%
Current assets
€983,640 ▼ 6.5%
Equity and liabilities €1.0m
Equity
€718,762 ▼ 10.8%
Debt
€300,227 ▲ 2.8%
Debt's share of the balance-sheet total rises from 26.6% to 29.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€327,578▲
2024 · €323,999
Cash flow
€264,393▼
2024 · €278,720
Current ratio
3.29▼
2024 · 3.62
Debt to equity
0.42▲
2024 · 0.36
ROE
35.2%▲
2024 · 33.3%
ROA
24.8%▲
2024 · 24.4%
Interest coverage
148.02▼
2024 · 154.63
Debt ≤ 1 year
€299,260▲
2024 · €290,812
Income taxes
€98,136▲
2024 · €83,202
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 6,776 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 | - | - | - | €11,224 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €1,240 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,168 | €7,066 | €3,091 | €10,717 | €11,726 | ▲ 9.4% |
| Other operating charges640/8 | €6,091 | €12,390 | €3,225 | €1,291 | €1,365 | ▲ 5.7% |
| Gross operating margin9900 | €328,027 | €335,283 | €184,560 | €325,290 | €328,944 | ▲ 1.1% |
| Operating profit (loss)9901 | €311,768 | €315,827 | €177,004 | €313,282 | €315,853 | ▲ 0.8% |
| Financial income75/76B | €377 | €5 | €2,114 | €40,019 | €37,163 | ▼ 7.1% |
| Recurring financial income75 | €377 | €5 | €2,114 | €40,019 | €37,163 | ▼ 7.1% |
| Financial charges65/66B | €1,118 | €1,512 | €1,334 | €2,095 | €2,213 | ▲ 5.6% |
| Recurring financial charges65 | €1,118 | €1,512 | €1,334 | €2,095 | €2,213 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €311,027 | €314,321 | €177,784 | €351,206 | €350,803 | ▼ 0.1% |
| Income taxes67/77 | €95,670 | €79,805 | €27,387 | €83,202 | €98,136 | ▲ 17.9% |
| Profit (loss) for the period9904 | €215,356 | €234,515 | €150,397 | €268,003 | €252,667 | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €215,356 | €234,515 | €150,397 | €268,003 | €252,667 | ▼ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €968,858 | €1.3m | €1.1m | €1.1m | €1.0m | ▼ 7.2% |
| Fixed assets21/28 | €8,291 | €13,291 | €13,789 | €45,646 | €35,349 | ▼ 22.6% |
| Tangible fixed assets22/27 | €8,291 | €13,291 | €13,789 | €45,646 | €35,349 | ▼ 22.6% |
| Furniture and vehicles24 | €7,592 | €2,220 | €3,928 | €36,996 | €27,910 | ▼ 24.6% |
| Other tangible fixed assets26 | €699 | €11,071 | €9,861 | €8,650 | €7,439 | ▼ 14.0% |
| Current assets29/58 | €960,567 | €1.3m | €1.1m | €1.1m | €983,640 | ▼ 6.5% |
| Amounts receivable within one year40/41 | €26,357 | €5,122 | €50,209 | €51,224 | €25,220 | ▼ 50.8% |
| Trade receivables40 | - | - | €968 | €250 | €24,934 | ▲ 9,874% |
| Other amounts receivable41 | €26,357 | €5,122 | €49,241 | €50,974 | €286 | ▼ 99.4% |
| Current investments50/53 | - | - | - | €265,252 | €387,844 | ▲ 46.2% |
| Cash at bank and in hand54/58 | €933,221 | €1.2m | €1.0m | €725,880 | €565,390 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | €990 | €969 | €3,631 | €9,490 | €5,186 | ▼ 45.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €968,858 | €1.3m | €1.1m | €1.1m | €1.0m | ▼ 7.2% |
| Equity10/15 | €933,560 | €1.2m | €1.1m | €805,549 | €718,762 | ▼ 10.8% |
| Contributions10/11 | €12,400 | €12,400 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €921,160 | €921,160 | €921,160 | €786,999 | €700,212 | ▼ 11.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €919,300 | €919,300 | €919,300 | €785,139 | €698,352 | ▼ 11.1% |
| Profit (loss) carried forward14 | €0 | €234,515 | €150,397 | €0 | €0 | - |
| Amounts payable17/49 | €35,299 | €98,594 | €12,270 | €291,944 | €300,227 | ▲ 2.8% |
| Amounts payable within one year42/48 | €35,299 | €98,594 | €11,534 | €290,812 | €299,260 | ▲ 2.9% |
| Trade debts44 | €5,109 | €2,312 | €1,903 | €119 | €374 | ▲ 214% |
| Suppliers440/4 | €5,109 | €2,312 | €1,903 | €119 | €374 | ▲ 214% |
| Taxes, remuneration and social security45 | €21,541 | €79,850 | €374 | €3,727 | €64,026 | ▲ 1,618% |
| Taxes450/3 | €21,541 | €79,850 | €374 | €3,727 | €64,026 | ▲ 1,618% |
| Other amounts payable47/48 | €8,648 | €16,432 | €9,257 | €286,966 | €234,861 | ▼ 18.2% |
| Accrued charges and deferred income492/3 | €0 | - | €736 | €1,132 | €967 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,356 | €234,515 | €150,397 | €268,003 | €252,667 | ▼ 5.7% |
| + Depreciation and write-downs630 | €10,168 | €7,066 | €3,091 | €10,717 | €11,726 | ▲ 9.4% |
| Operating cash flow (approximation) | €225,525 | €241,582 | €153,488 | €278,720 | €264,393 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | -€12,066 | -€3,588 | -€42,574 | -€1,429 | ▲ 96.6% |
| Change in cash | - | €314,066 | -€212,540 | -€308,867 | -€160,490 | ▲ 48.0% |
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
20-08
State Gazette act
Merger · Other statement
Corporate purpose · Director in office
20-08
State Gazette act
Merger · Other statement
Shareholding · Corporate purpose
20-08
State Gazette act
Merger · Other statement
Capital · Corporate purpose
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 7current ratio 94.38
Current ratio from 12.71 to 94.38; short-term debt falls from €98,594 to €11,534.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Equity above €1mEq €1.2m ▲25.1%
5 profitable years in a row build equity to €1.2m.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 7current ratio 27.21
Current ratio from 4.04 to 27.21; short-term debt falls from €230,869 to €35,299.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Highest result since 2018net €483,808 ▲452%
Operating result €704,747, net result €483,808, both a record.
31-12
Financial
Equity above €500,000Eq €718,204 ▲205%
3 profitable years in a row build equity to €718,204.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €87,599 ▼35.6%
Net result drops to €87,599, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.57
Current ratio from 2.27 to 5.57; short-term debt falls from €94,152 to €46,524.
31-12
Financial
Equity above €200,000Eq €235,208 ▲58.5%
2 profitable years in a row build equity to €235,208.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2017
Ground area
137 m²
Building footprint
85 m²
Volume, LiDAR
740 m³
Parcel 44432C1147/00N006, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
NALD
since 20172.266.804.282
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1147/00N006 | Flanders | 137 m² | 1 · 85 m² | 14.4 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
6994009IK29YZWNNK027
Similar companies · same sector, comparable size
PRACSIS
BE 0454.596.240
Oudergem · Eq €718,802
VERIMMO
BE 0881.931.027
Zaventem · Eq €718,856
PHARMALIA
BE 0831.479.941
Saint-Nicolas · Eq €718,869
TS & M
BE 0476.910.693
Tremelo · Eq €718,649
DIGITUDE
BE 0833.046.787
Duffel · Eq €718,592
Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 31,325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679743534
Also
9925:BE0679743534
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.