NAMICO
ActiveSummary
NAMICO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96,145 and a net result of €44,737. Equity is growing by ~25% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 13.25 against 2.81 in 2023; short-term debt: 6.8% and cash: 87.5% of total assets), and 6.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
29 d early
2023
74 d early
2022
31 d early
2021
31 d early
2020
34 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 34 days before 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 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€96,145▲ 12.1%
2023 · €85,737
Total assets
€103,182▼ 18.9%
2023 · €127,184
Net result
€44,737▲ 7.6%
2023 · €41,559
Working capital
€86,186▲ 14.7%
2023 · €75,156
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€16,129▲ 44.2%€28,570▲ 77.1%€38,446▲ 34.6%€53,892▲ 40.2%€59,328▲ 10.1%
Net result€15,442within the sector's middle half▲ 39.9%€20,285within the sector's middle half▲ 31.4%€25,675above the sector's middle half▲ 26.6%€41,559above the sector's middle half▲ 61.9%€44,737above the sector's middle half▲ 7.6%
Equity€38,704within the sector's middle half▲ 60.8%€58,189within the sector's middle half▲ 50.3%€73,578within the sector's middle half▲ 26.4%€85,737within the sector's middle half▲ 16.5%€96,145within the sector's middle half▲ 12.1%
Total assets€45,860below the sector's middle half▲ 40.0%€118,992within the sector's middle half▲ 159%€117,504within the sector's middle half▼ 1.3%€127,184within the sector's middle half▲ 8.2%€103,182within the sector's middle half▼ 18.9%
Debt€7,156▼ 17.7%€60,803▲ 750%€43,926▼ 27.8%€41,447▼ 5.6%€7,037▼ 83.0%
Working capital€34,090within the sector's middle half▲ 49.8%€51,001within the sector's middle half▲ 49.6%€64,176within the sector's middle half▲ 25.8%€75,156within the sector's middle half▲ 17.1%€86,186above the sector's middle half▲ 14.7%
Solvency84.4%above the sector's middle half▲ 10.9pp48.9%within the sector's middle half▼ 35.5pp62.6%above the sector's middle half▲ 13.7pp67.4%above the sector's middle half▲ 4.8pp93.2%above the sector's middle half▲ 25.8pp
Current ratio5.76above the sector's middle half▲ 2.151.84within the sector's middle half▼ 3.932.46within the sector's middle half▲ 0.622.81above the sector's middle half▲ 0.3513.25above the sector's middle half▲ 10.43
Return on assets (ROA)33.7%above the sector's middle half=17.0%above the sector's middle half▼ 16.6pp21.8%above the sector's middle half▲ 4.8pp32.7%above the sector's middle half▲ 10.8pp43.4%above the sector's middle half▲ 10.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103,182
Fixed assets
€9,960 ▼ 5.9%
Current assets
€93,222 ▼ 20.1%
Equity and liabilities €103,182
Equity
€96,145 ▲ 12.1%
Debt
€7,037 ▼ 83.0%
Debt's share of the balance-sheet total falls from 32.6% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,676▲
2023 · €58,088
Cash flow
€51,086▲
2023 · €45,756
Debt to equity
0.07▼
2023 · 0.48
ROE
46.5%▼
2023 · 48.5%
Interest coverage
41.86▲
2023 · 29.18
Debt ≤ 1 year
€7,037▼
2023 · €41,447
Income taxes
€13,263▲
2023 · €10,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €958 | €1,665 | €3,316 | €4,197 | €6,348 | ▲ 51.3% |
| Other operating charges640/8 | - | €641 | €323 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €17,726 | €30,876 | €42,085 | €58,472 | €66,063 | ▲ 13.0% |
| Operating profit (loss)9901 | €16,129 | €28,570 | €38,446 | €53,892 | €59,328 | ▲ 10.1% |
| Financial income75/76B | - | €1 | - | €0 | €241 | ▲ 80,363% |
| Recurring financial income75 | - | €1 | - | €0 | €241 | ▲ 80,363% |
| Financial charges65/66B | - | €712 | €2,420 | €1,991 | €1,569 | ▼ 21.2% |
| Recurring financial charges65 | €20 | €712 | €2,420 | €1,991 | €1,569 | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | €16,109 | €27,859 | €36,026 | €51,901 | €58,000 | ▲ 11.8% |
| Income taxes67/77 | €667 | €7,574 | €10,352 | €10,342 | €13,263 | ▲ 28.2% |
| Profit (loss) for the period9904 | €15,442 | €20,285 | €25,675 | €41,559 | €44,737 | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €15,442 | €20,285 | €25,675 | €41,559 | €44,737 | ▲ 7.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,860 | €118,992 | €117,504 | €127,184 | €103,182 | ▼ 18.9% |
| Fixed assets21/28 | €4,614 | €7,188 | €9,402 | €10,580 | €9,960 | ▼ 5.9% |
| Tangible fixed assets22/27 | €4,614 | €7,188 | €9,402 | €10,580 | €9,960 | ▼ 5.9% |
| Furniture and vehicles24 | - | €7,188 | €9,402 | €10,580 | €9,960 | ▼ 5.9% |
| Current assets29/58 | €41,246 | €111,804 | €108,102 | €116,603 | €93,222 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €18,071 | €34,157 | €2,982 | €2,786 | €2,297 | ▼ 17.5% |
| Trade receivables40 | - | €31,824 | €22 | €121 | - | - |
| Other amounts receivable41 | - | €2,333 | €2,960 | €2,665 | €2,297 | ▼ 13.8% |
| Cash at bank and in hand54/58 | €22,438 | €76,576 | €104,875 | €113,518 | €90,320 | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | €1,071 | €246 | €300 | €605 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,860 | €118,992 | €117,504 | €127,184 | €103,182 | ▼ 18.9% |
| Equity10/15 | €38,704 | €58,189 | €73,578 | €85,737 | €96,145 | ▲ 12.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €21,345 | €47,019 | €47,019 | €77,545 | ▲ 64.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €19,485 | €45,159 | €45,159 | €75,685 | ▲ 67.6% |
| Profit (loss) carried forward14 | €18,244 | €18,244 | €7,959 | €20,118 | - | - |
| Amounts payable17/49 | €7,156 | €60,803 | €43,926 | €41,447 | €7,037 | ▼ 83.0% |
| Amounts payable within one year42/48 | €7,156 | €60,803 | €43,926 | €41,447 | €7,037 | ▼ 83.0% |
| Trade debts44 | €547 | €47,530 | €26,230 | €1,731 | €661 | ▼ 61.8% |
| Suppliers440/4 | - | €47,530 | €26,230 | €1,731 | €661 | ▼ 61.8% |
| Taxes, remuneration and social security45 | - | €8,526 | €3,382 | €4,419 | €6,376 | ▲ 44.3% |
| Taxes450/3 | - | €8,526 | €3,382 | €4,419 | €6,376 | ▲ 44.3% |
| Other amounts payable47/48 | - | €4,747 | €14,315 | €35,297 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,442 | €20,285 | €25,675 | €41,559 | €44,737 | ▲ 7.6% |
| + Depreciation and write-downs630 | €958 | €1,665 | €3,316 | €4,197 | €6,348 | ▲ 51.3% |
| Operating cash flow (approximation) | €16,400 | €21,949 | €28,991 | €45,756 | €51,086 | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | -€4,238 | -€5,530 | -€5,375 | -€5,727 | ▼ 6.6% |
| Change in cash | - | €54,138 | €28,299 | €8,643 | -€23,198 | ▼ 368% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
16-06
State Gazette act
Appointment: Laura BERTONE (director)Power of attorney3 facts ▸
State Gazette act
Appointment: Laura BERTONE (director)
Power of attorney3 facts ▸
- General meeting, 27-02-2026
- Director appointment, Laura BERTONE (director)
- Power of attorney, ADMINCO
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €44,737 ▲7.6%
Operating result €59,328, net result €44,737, both a record.
31-12
Financial
Liquidity times 5current ratio 13.25
Current ratio from 2.81 to 13.25; short-term debt falls from €41,447 to €7,037.
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11,040
Net result €11,040 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Laura BERTONE
CurrentDirector · since 27-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortenberg · 1 establishment unit since 1992
Ground area
1,705 m²
Building footprint
191 m²
Volume, LiDAR
1,348 m³
2 parcels, Brussels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Louisa Chaudoirdreef 15, 1160 Oudergem
since 19922.055.342.601
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24068A0251/00R000 | Flanders | 1,605 m² | 1 · 91 m² | 8.4 m · 2 fl. |
| 21332B0486/00P009 | Brussels | 99 m² | 1 · 100 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Laura BERTONE |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,441. 1,910 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
Founded21-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445763894
Also
9925:BE0445763894
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.