NALO DIFFUSION
ActiveSummary
NALO DIFFUSION has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€390,498) and a net result of -€2,348. Equity remains stable across the filed financial years (±0.9% per year). Its net result ranks better than 27% of 490 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Retail sale of household textiles and bedding
NACE 47512
1 site
Size
-€390,498equity 2026
- Loss
- -€2,348
Turnover not published (abbreviated or micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 0.8%
Too few figures to score
Structure
- Natalie GÉRARDDirector
- Patrick MOREL de WESTGAVERDirector
2026 accounts 4 days early1 of 3 deeds summarised
Signalsraises riskLoss of €3,284, the second in a row (financial year 2025)Negative equitylowers riskSize: total assets €30Liquidity: current ratio 0.00, cash €30, halvedFounded in 2006neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
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).
Last 24 months
11-2024: 1.7%
12-2024: 1.7%● unchanged vs 11-2024
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.8%▲ +0.1 percentage points vs 05-2025
07-2025: 1.8%● unchanged vs 06-2025
08-2025: 2.0%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -0.6 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.3%▼ -0.1 percentage points vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.8 percentage points vs 07-2026lowest value
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%▲ +0.1 percentage points vs 09-2026
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€390,498
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 27-08-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
4 days early
2025
12 days early
2024
12 days early
2023
10 days early
2022
1 day early
2021
12 days early
2020
42 days 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 1 day before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-01-2027 year end31-08-2027 deadline
- Annual accounts filedfinancial year 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2026, abbreviated format
Equity
-€390,498▼ 0.6%
2025 · -€388,150
Total assets
€30▼ 95.1%
2024 · €627
Net result
-€2,348▲ 28.5%
2025 · -€3,284
Working capital
-€388,150▼ 0.9%
2024 · -€384,867
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result stays negative: a loss of €1,866 in 2026 against €3,135 in 2025; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,866
2026
Net result-€2,348
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€30
2025
Equity-€390,498
2026
Debt€390,498
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€388,150
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-44.0%
2021
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.03
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€30,348--€52,314▼ 72.4%€1,950-€983-€525▲ 46.5%-€915▼ 74.1%-€3,135▼ 243%-€1,866▲ 40.5%
Net result-€41,521--€59,982▼ 44.5%-€4,340below the sector's middle half▲ 92.8%-€6,622below the sector's middle half▼ 52.6%-€1,588within the sector's middle half▲ 76.0%-€1,402within the sector's middle half▲ 11.7%-€3,284within the sector's middle half▼ 134%-€2,348▲ 28.5%
Equity-€310,934--€370,916▼ 19.3%-€375,255below the sector's middle half▼ 1.2%-€381,877below the sector's middle half▼ 1.8%-€383,465below the sector's middle half▼ 0.4%-€384,867below the sector's middle half▼ 0.4%-€388,150below the sector's middle half▼ 0.9%-€390,498▼ 0.6%
Total assets€98,163-€12,969▼ 86.8%€9,865below the sector's middle half▼ 23.9%€4,173below the sector's middle half▼ 57.7%€523below the sector's middle half▼ 87.5%€627below the sector's middle half▲ 19.8%€30below the sector's middle half▼ 95.1%
Debt€409,097-€383,885▼ 6.2%€385,120▲ 0.3%€386,050▲ 0.2%€383,988▼ 0.5%€385,493▲ 0.4%€388,181▲ 0.7%€390,498▲ 0.6%
Working capital-€316,519--€370,916▼ 17.2%-€375,255below the sector's middle half▼ 1.2%-€381,877below the sector's middle half▼ 1.8%-€383,465below the sector's middle half▼ 0.4%-€384,867below the sector's middle half▼ 0.4%-€388,150below the sector's middle half▼ 0.9%
Solvency-316.8%-
Current ratio0.23-0.03▼ 0.190.03below the sector's middle half▼ 0.01
Return on assets (ROA)-42.3%--462.5%▼ 420.2pp-44.0%below the sector's middle half▲ 418.5pp
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€390,498▲
2025 · €388,181
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,625 | €191 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €695 | - | €384 | €833 | €1,132 | ▲ 35.9% |
| Gross operating margin9900 | -€28,087 | -€46,505 | €1,950 | -€288 | -€525 | -€530 | -€2,302 | -€734 | ▲ 68.1% |
| Operating profit (loss)9901 | -€30,348 | -€52,314 | €1,950 | -€983 | -€525 | -€915 | -€3,135 | -€1,866 | ▲ 40.5% |
| Recurring financial income75 | €1 | €13 | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €5,639 | €1,062 | €487 | €149 | €482 | ▲ 224% |
| Recurring financial charges65 | €11,173 | €7,681 | €6,290 | €5,639 | €1,062 | €487 | €149 | €482 | ▲ 224% |
| Profit (loss) for the period before taxes9903 | -€41,521 | -€59,982 | -€4,340 | -€6,622 | -€1,588 | -€1,402 | -€3,284 | -€2,348 | ▲ 28.5% |
| Profit (loss) for the period9904 | -€41,521 | -€59,982 | -€4,340 | -€6,622 | -€1,588 | -€1,402 | -€3,284 | -€2,348 | ▲ 28.5% |
| Profit (loss) for the period to be appropriated9905 | -€41,521 | -€59,982 | -€4,340 | -€6,622 | -€1,588 | -€1,402 | -€3,284 | -€2,348 | ▲ 28.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €98,163 | €12,969 | €9,865 | €4,173 | €523 | €627 | €30 | - | - |
| Fixed assets21/28 | €5,586 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,511 | €0 | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €75 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €92,577 | €12,969 | €9,865 | €4,173 | €523 | €627 | €30 | - | - |
| Amounts receivable after more than one year29 | - | - | - | €2,708 | €445 | €445 | - | - | - |
| Other amounts receivable291 | - | - | - | €2,708 | €445 | €445 | - | - | - |
| Stocks and contracts in progress3 | €88,514 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2,275 | €2,136 | €1,740 | €1,375 | €78 | - | - | - | - |
| Trade receivables40 | - | - | - | €78 | €78 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €1,297 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €886 | - | - | €89 | - | €182 | €30 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €98,163 | €12,969 | €9,865 | €4,173 | €523 | €627 | €30 | - | - |
| Equity10/15 | -€310,934 | -€370,916 | -€375,255 | -€381,877 | -€383,465 | -€384,867 | -€388,150 | -€390,498 | ▼ 0.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€372,934 | -€432,916 | -€437,255 | -€443,877 | -€445,465 | -€446,867 | -€450,150 | -€452,498 | ▼ 0.5% |
| Amounts payable17/49 | €409,097 | €383,885 | €385,120 | €386,050 | €383,988 | €385,493 | €388,181 | €390,498 | ▲ 0.6% |
| Amounts payable within one year42/48 | €409,097 | €383,885 | €385,120 | €386,050 | €383,988 | €385,493 | €388,181 | €390,498 | ▲ 0.6% |
| Financial debts43 | - | - | - | €2,263 | €201 | - | - | €10 | - |
| Credit institutions430/8 | - | - | - | €2,263 | €201 | - | - | €10 | - |
| Trade debts44 | €20,106 | €976 | €413 | €78 | €78 | - | €387 | €420 | ▲ 8.5% |
| Suppliers440/4 | - | - | - | €78 | €78 | - | €387 | €420 | ▲ 8.5% |
| Other amounts payable47/48 | - | - | - | €383,709 | €383,709 | €385,493 | €387,793 | €390,068 | ▲ 0.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,521 | -€59,982 | -€4,340 | -€6,622 | -€1,588 | -€1,402 | -€3,284 | -€2,348 | ▲ 28.5% |
| + Depreciation and write-downs630 | €1,625 | €191 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€39,896 | -€59,790 | -€4,340 | -€6,622 | -€1,588 | -€1,402 | -€3,284 | -€2,348 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | €5,394 | €0 | - | - | - | - | - | - |
| Change in cash | - | - | - | - | - | - | -€151 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-01-2026 | abbreviated format | 27-08-2026 | 2026-00436111 |
| 31-01-2025 | micro format | 19-08-2025 | 2025-00384133 |
| 31-01-2024 | micro format | 19-08-2024 | 2024-00349309 |
| 31-01-2023 | micro format | 21-08-2023 | 2023-00337049 |
| 31-01-2022 | micro format | 30-08-2022 | 2022-20344098 |
| 31-01-2021 | micro format | 19-08-2021 | 2021-50300508 |
| 31-01-2020 | micro format | 12-10-2020 | 2020-60600118 |
| 31-01-2019 | micro format | 27-08-2019 | 2019-50800118 |
| 31-01-2018 | micro format | 31-08-2018 | 2018-55200210 |
| 31-01-2017 | micro format | 29-08-2017 | 2017-49100486 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,254 active companies whose main activity is retail sale of household textiles and bedding (NACE 47512), figures are known for 590. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors
Natalie GÉRARD
CurrentDirector
Patrick MOREL de WESTGAVER
CurrentDirector
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Natalie GÉRARD |
|
| Patrick MOREL de WESTGAVER |
|
Owners and capital
Capital and shareholders
Capital over the years
- 29-07-2024 Capital stated in the deed · €62,000 · 124 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
27-08
NBB filing
Annual accounts filed
financial year 2026 · abbreviated format
2025
19-08
NBB filing
Annual accounts filed
financial year 2025 · micro format
2024
19-08
NBB filing
Annual accounts filed
financial year 2024 · micro format
29-07
Gazette deed
Reappointments: Patrick MOREL de WESTGAVER (director) and Natalie GÉRARD (director)Registered-office move · Amendment of the articles · Capital8 facts ▸
Gazette deed
Reappointments: Patrick MOREL de WESTGAVER (director) and Natalie GÉRARD (director)
Registered-office move · Amendment of the articles · Capital8 facts ▸
- General meeting, 23-02-2024
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm NV, artikel 39, §1, eerste en derde lid van de wet van 23-03-2019 tot invoering van het Wetboek van vennoot…” (deed in French)
- Registered-office move, 1640 Sint-Genesius-Rode, Sylvianelaan 3
- Amendment of the articles
- Capital, €62,000
- Director reappointment, Patrick MOREL de WESTGAVER (director)
- Director reappointment, Natalie GÉRARD (director)
- Power of attorney
2023
21-08
NBB filing
Annual accounts filed
financial year 2023 · micro format
2022
30-08
NBB filing
Annual accounts filed
financial year 2022 · micro format
2021
19-08
NBB filing
Annual accounts filed
financial year 2021 · micro format
2020
12-10
NBB filing
Annual accounts filed
financial year 2020 · micro format · 42 days late
31-01
Financial
Weakest financial yearnet -€59,982
Net result drops to -€59,982, the lowest in the series; recovery starts the following year.
2019
27-08
NBB filing
Annual accounts filed
financial year 2019 · micro format
2018
31-08
NBB filing
Annual accounts filed
financial year 2018 · micro format
2017
29-08
NBB filing
Annual accounts filed
financial year 2017 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 19 annual accounts filed, the latest 10 are here; all 19 are under Financials.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded25-07-2006
Financial year end31-01
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0882695941
Registered
23-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 2006
Ground area
1,461 m²
Building footprint
225 m²
Building volume
1,966 m³
2 parcels, Brussels, Flanders · tallest building 15.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NALO DIFFUSION
since 2006unit no. 2.155.735.918
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22552F0004/00L031 | Flanders | 1,238 m² | 1 · 131 m² | 10.9 m · 2 |
| 21614H0010/00Y009 | Brussels | 222 m² | 1 · 94 m² | 15.7 m · 4 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1) de aankoop, verkoop, import, export en vertegenwoordiging van alle decoratieve, inrichtings- en modeartikelen, alsmede alle…” (deed in French)
2 activities (deed in French)
- 1) de aankoop, verkoop, import, export en vertegenwoordiging van alle decoratieve, inrichtings- en modeartikelen, alsmede alle textielartikelen, huishoudlinnen, kleding en niet-kledingsstoffen, interieur en industrie, al dan niet geconfectioneerd, groothandel en detailhandel; lederwaren en sieraden;
- 2) de distributie, het ontwerp, de creatie, de organisatie, de promotie, de productie, de commercialisering, de marketing en de informatie van voornoemde producten, met inbegrip van het uitgeven en adverteren via alle media.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NALO DIFFUSION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Bijlagen van het Belgisch Staatsblad” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Te allen tijde zonder opgave van redenen met onmiddellijke ingang door algemene vergadering, onbeperkt” (deed in French)“Onbezoldigd, vergoedingen bestuurders” (deed in French)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Ten laste van kandidaat-koper(s), voorgestelde prijs of bij onenigheid in gemeen overleg of door Voorzitter Rechtbank van Koophandel in…” (deed in French)“Voorgestelde prijs door overdrager, totaliteit van voorgestelde effecten” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “In één of meerdere keren met maximaal bepaald bedrag, machtiging” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed