NALIM

Active

Public limited companyfounded 20233 yrs activeAvenue des Princes 9, 1300 Wavre, BelgiumKBO/BCE: BE 0804.257.187

The computed 12-month bankruptcy probability of NALIM is 2.3% (moderate). The 2025 annual accounts show negative equity (€-94k) and a net result of €-302k. Its solvency ranks better than 10% of 4119 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical▼ -11 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency42▲+30

Growth32

Stability94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.88 against 0.93 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2025

Solvency, return and age of the figures

Solvency

-2.3%

Return on assets

-7.2%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year -€94k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filings

Deviation from the deadline

2025

28 d late

2024

31 d late

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 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 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-302k▼ 309%

2024 · €-74k

2024: €-74k

2024 → 2025

Working capital

€-247k▼ 128%

2024 · €-109k

2024: €-109k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€76k-€-94k

Operating result€18k-€-224k

Net result€-74k-€-302k▼ 309%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €224k after €18k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.16M

58.0%

42.0%

Fixed assets €2.41M▲ 254%

Current assets €1.75M▲ 22.2%

Key figures and ratios

2025 value · change against 2024

EBITDA

€10k▼

2024 · €184k

Cash flow

€-69k▼

2024 · €92k

Solvency

-2.3%▼

2024 · 3.6%

Current ratio

0.88▼

2024 · 0.93

Quick ratio

0.56▼

2024 · 0.59

Debt / equity

-45.42▼

2024 · 27.10

ROE

320.7%▲

2024 · -97.0%

ROA

-7.2%▼

2024 · -3.5%

Interest coverage

0.10▼

2024 · 2.00

Debt

€4.28M▲

2024 · €2.06M

Debt ≤ 1 year

€1.99M▲

2024 · €1.54M

Debt > 1 year

€2.10M▲

2024 · €526k

Income taxes

€105▼

2024 · €168

Staff costs

€898k▼

2024 · €1.15M

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.14M€4.19M▲

Formation expenses20€29k€33k▲

Fixed assets21/28€681k€2.41M▲

Intangible fixed assets21€605k€498k▼

Tangible fixed assets22/27€76k€1.91M▲

Land and buildings22-€83k

Plant, machinery and equipment23€76k€553k▲

Furniture and vehicles24-€763k

Other tangible fixed assets26-€511k

Current assets29/58€1.43M€1.75M▲

Stocks and contracts in progress3€515k€623k▲

Stocks30/36€515k€623k▲

Amounts receivable within one year40/41€65k€83k▲

Trade receivables40€63k€22k▼

Other amounts receivable41€2k€61k▲

Cash at bank and in hand54/58€642k€538k▼

Deferred charges and accrued income490/1€207k€503k▲

Equity and liabilities

Total equity and liabilities10/49€2.14M€4.19M▲

Equity10/15€76k€-94k▼

Contributions10/11€150k€282k▲

Capital10€150k€282k▲

Issued capital100€150k€282k▲

Profit (loss) carried forward14€-74k€-376k▼

Amounts payable17/49€2.06M€4.28M▲

Amounts payable after more than one year17€526k€2.10M▲

Financial debts170/4€526k€2.10M▲

Amounts payable within one year42/48€1.54M€1.99M▲

Current portion of amounts payable after more than one year42€73k€316k▲

Trade debts44€1.27M€1.37M▲

Suppliers440/4€1.27M€1.37M▲

Taxes, remuneration and social security45€187k€175k▼

Taxes450/3€16k€6k▼

Remuneration and social security454/9€171k€169k▼

Other amounts payable47/48€5k€135k▲

Accrued charges and deferred income492/3-€190k

Income statement Code20242025

Non-recurring operating income76A€134k€476k▲

Remuneration, social security and pensions62€1.15M€898k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€234k▲

Other operating charges640/8€99k€32k▼

Non-recurring operating charges66A€667-

Gross operating margin9900€1.44M€940k▼

Operating profit (loss)9901€18k€-224k▼

Financial income75/76B-€16k

Recurring financial income75-€16k

Financial charges65/66B€92k€95k▲

Recurring financial charges65€92k€95k▲

Profit (loss) for the period before taxes9903€-74k€-302k▼

Income taxes67/77€168€105▼

Profit (loss) for the period9904€-74k€-302k▼

Profit (loss) for the period to be appropriated9905€-74k€-302k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-74k€-376k▼

Profit (loss) brought forward from the previous period14P-€-74k

Social balance

Average headcount (FTE)9087-24.4

The notes to these accounts (12 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 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 28 days late

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 31 days late

NBB filing

Directors · office · real estate

Directors

2 directors, no change since 2025

Sandrine Herpin

Director · since 07-04-2025

Current

05-09-2025 SERVAIS Vincent: Resigned as Director (executive)

07-04-2025 Sandrine Herpin: Appointed as Director

Location & real-estate footprint

Registered office, Wavre · 1 establishment unit since 2023

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.

Avenue des Princes 91300 Wavre

Ground area

7,979 m²

Building footprint

2,134 m²

Volume, LiDAR

14,791 m³

Parcel 25772G0161/00F006, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

NALIM

Avenue des Princes 9, 1300 WavreManufacture of food products

since 20232.347.699.116

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25772G0161/00F006	Wallonia	7,979 m²	1 · 2,134 m²	8.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Food safety, FASFC

1 site

Wavre2.347.699.116

4 permissions

Toelating · Bakkerij · since 04-09-2023

Toelating · Detailhandel met verwerking · since 04-09-2023

Toelating · Viswinkel · since 04-09-2023

and 1 more

Similar companies · same sector, comparable size

HURI

BE 0810.891.096

Sint-Niklaas · Eq €76k

Sint-Jans-Molenbeek · Eq €76k

Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 4,619 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded25-07-2023

Fiscal year end31-12

Activities, NACEBEL

47110Non-specialised retail sale with food, beverages or tobacco predominating

47114Supermarkets

10120Manufacture of food products

10200Manufacture of food products

46389Wholesale of other food products

47241Retail sale of bread and pastry (bakery outlets)

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.