NAS
ActiveSummary
NAS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €480k and a net result of €25k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-3
Solvency95▲+4
Growth69▼-8
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 2.83 in 2024; short-term debt: 30.2% and cash: 57.2% of total assets), and 30.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 47
higher
← 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
69.8%
Return on assets
3.7%
Age of the figures
9 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
61 d late
2022
31 d late
2021
60 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.25M▼ 12.1%
2024 · €1.42M
2021: €995k
2022: €1.07M
2023: €1.56M
2024: €1.42M
2021 → 2025
EBIT margin
2.6%▼ 1.2pp
2024 · 3.8%
2021: 3.7%
2022: 2.7%
2023: 6.2%
2024: 3.8%
2021 → 2025
Net result
€25k▼ 35.1%
2024 · €39k
2018: €7k
2019: €-35k
2020: €-4k
2021: €27k
2022: €21k
2023: €79k
2024: €39k
2018 → 2025
Working capital
€465k▲ 6.8%
2024 · €436k
2018: €331k
2019: €296k
2020: €295k
2021: €305k
2022: €332k
2023: €412k
2024: €436k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€995k-€1.07M▲ 7.1%€1.56M▲ 46.5%€1.42M▼ 8.9%€1.25M▼ 12.1%
Equity€316k-€337k▲ 6.8%€416k▲ 23.4%€455k▲ 9.3%€480k▲ 5.5%
Operating result€37k-€29k▼ 21.1%€97k▲ 232%€54k▼ 44.4%€32k▼ 40.4%
Net result€27k-€21k▼ 19.7%€79k▲ 268%€39k▼ 50.9%€25k▼ 35.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€15k ▼ 22.6%
Current assets
€673k ▼ 0.1%
Equity and liabilities €688k
Equity
€480k ▲ 5.5%
Debt
€208k ▼ 12.8%
Debt's share of the balance-sheet total falls from 34.4% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2024 · €60k
Cash flow
€31k▼
2024 · €45k
Current ratio
3.24▲
2024 · 2.83
Quick ratio
2.38▲
2024 · 2.20
Debt to equity
0.43▼
2024 · 0.52
ROE
5.2%▼
2024 · 8.5%
ROA
3.7%▼
2024 · 5.6%
Interest coverage
22.86▼
2024 · 40.24
Debt ≤ 1 year
€208k▼
2024 · €238k
Income taxes
€5k▼
2024 · €14k
Staff costs
€186k▲
2024 · €156k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€693k€688k▼
Fixed assets21/28€19k€15k▼
Tangible fixed assets22/27€19k€15k▼
Furniture and vehicles24€19k€15k▼
Financial fixed assets28€236€236=
Current assets29/58€674k€673k▼
Stocks and contracts in progress3€149k€179k▲
Stocks30/36€149k€179k▲
Amounts receivable within one year40/41€119k€101k▼
Trade receivables40€67k€89k▲
Other amounts receivable41€52k€12k▼
Cash at bank and in hand54/58€406k€394k▼
Equity and liabilities
Total equity and liabilities10/49€693k€688k▼
Equity10/15€455k€480k▲
Contributions10/11€81k€81k=
Capital10€81k€81k=
Issued capital100€81k€81k=
Reserves13€46k€46k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€38k€38k=
Profit (loss) carried forward14€329k€354k▲
Amounts payable17/49€238k€208k▼
Amounts payable within one year42/48€238k€208k▼
Financial debts43€3k€3k=
Credit institutions430/8€3k€3k=
Trade debts44€171k€164k▼
Suppliers440/4€171k€164k▼
Taxes, remuneration and social security45€63k€40k▼
Taxes450/3€40k€22k▼
Remuneration and social security454/9€23k€18k▼
Other amounts payable47/48€930€980▲
Income statement
Code20242025
Turnover70€1.42M€1.25M▼
Goods, raw materials, services and sundry goods60/61€1.22M€1.05M▼
Remuneration, social security and pensions62€156k€186k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€96€506▲
Non-recurring operating charges66A€500-
Gross operating margin9900€217k€225k▲
Operating profit (loss)9901€54k€32k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€52k€30k▼
Income taxes67/77€14k€5k▼
Profit (loss) for the period9904€39k€25k▼
Profit (loss) for the period to be appropriated9905€39k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€329k€354k▲
Profit (loss) brought forward from the previous period14P€290k€329k▲
Social balance
Average headcount (FTE)90872.6-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €79k ▲268%
Operating result €97k, net result €79k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-35k ▼583%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Sint-Jans-Molenbeek · 1 establishment unit since 2001
Ground area
174 m²
Building footprint
174 m²
Volume, LiDAR
1,751 m³
2 parcels, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Onafhankelijkheidstraat 27, 1080 Sint-Jans-Molenbeek
since 20012.098.280.145
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0937/00E060 | Brussels | 108 m² | 1 · 108 m² | 12.6 m · 3 fl. |
| 21523B0937/00R086 | Brussels | 66 m² | 1 · 66 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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EQUIP'AUTO PNEU
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RTM AUTOMOTIVE
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Of 2,445 companies in sector 47820 we hold annual accounts for 778. 501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.