Losses
-€12,725 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
NASK
Overview
Lifetime
5 annual accounts with figures on one time axispeak €12,563 (2021)
€1,510▲ €3,659
lowest -€6,963 (2024)
-€1,178▲ €5,785
peak €14,752 (2022)
€2,027▼ 36.7%
-not published
Board1 name since 2020
1 directorde Mey, Johan
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from -€2,148 to €1,510Loss of €1,178Equity from €3,205 to €2,027Cash from €12 to €347
Key points
from the 2025 annual accountsFilings
5 annual accounts 5 late
The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
100.0%
Higher solvency than 95% of companies in research and development. Sector median 60.4% · 620 companies.
Checked score
55
Fair
Financially stronger than 40% of micro companies in research and development (NACE 72)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▼ -0.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -1.3 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €1,178, the second in a row (financial year 2025)
lowers risk
Sector: Scientific research and development (NACE 72)
Liquidity: cash €347
Size: total assets €2,027
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro). It does better than 83% of them on solvency, 21% on liquidity, 37% on profitability and 19% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as NASK has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NASK itself is lower: 0.2% within 12 months. It rests on far more data about NASK than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for NASK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€1,178
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
27 days late
2024
26 days late
2023
30 days late
2022
31 days late
2021
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 27 days after the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0743913982
Incorporation
Founder: de Mey, Johan · 100 shares · Appointment: de Mey, Johan (director) · published on 24-02-2020 · Gazette deed
First establishment
Nelemolenstraat 11, Dilbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NASK Dilbeek | €2,027 | €1,510 | 100.0% | - |
| CREATLEEN CONSULTANCY Lokeren | €3,281 | -€4,927 | -791.4% | - |
| AJN MANAGEMENT Molenbeek-Saint-Jean | €4,176 | -€1,526 | -771.6% | - |
| ENERGY & ENGINEERING Merchtem | €5,558 | -€3,493 | -731.8% | - |
| RK21 Hamois | €3,336 | -€4,433 | 53.0% | - |
| OGO Comblain-au-Pont | €4,038 | -€617 | 10.3% | - |
| Delft Environment Technology Berchem-Sainte-Agathe | €8,705 | €1,382 | -119.1% | - |
These companies have the same main activity as NASK: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €3,280 and €8,710, founded between 2016 and 2022.
Official details
Source: KBO- Status
- Active since 20-02-2020Normal situation
- Activity
- Other research and development on natural sciencesNACE 72109
- Establishment unit
- 2.299.751.0261700 Dilbeek, since 20-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 28-02-2025
Annual accounts 2025
- €1,510
- ≈ €12,000estimated
- €1,178▼ 83.1%
- €2,027▼ 36.7%
- €2,027▼ 75.8%
- Filing
- Filed on 27-08-2026
Insights on NASK
NASK files the micro format. That format states no turnover. The gross margin fell from €12,563 in 2021 to €1,510 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days late€1,510
▲ €3,659
-€1,079
▲ €6,145
-€1,178
▲ €5,785
-
-
-
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €12,000. Estimated: probably between €5,300 and €28,000.
Balance sheet
balance sheet total €2,027 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-
Higher than 31% of 626 companies in 2024.
-
Higher than 16% of 607 companies in 2024.
-
Lower than 95% of 613 companies in 2024.
NASK
Middle half of the sector
80% of the sector
Micro accounts in research and development (NACE 72)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
2,027 | 8,389 | 24,565 | 23,679 | 19,299 | |
21/28 |
1,239 | 3,828 | 7,220 | 7,913 | 4,991 | |
22/27 |
1,239 | 3,828 | 7,220 | 7,913 | 4,991 | |
24 |
1,239 | 3,828 | 7,220 | 7,913 | 4,991 | |
29/58 |
788 | 4,560 | 17,345 | 15,766 | 14,309 | |
40/41 |
430 | 2,538 | 16,523 | 6,593 | 6,340 | |
40 |
- | 2,077 | 16,523 | 6,563 | 6,340 | |
41 |
430 | 461 | - | 30 | - | |
54/58 |
347 | 12 | 812 | 1,103 | 5,734 | |
490/1 |
11 | 2,011 | 9 | 8,071 | 2,234 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
2,027 | 8,389 | 24,565 | 23,679 | 19,299 | |
10/15 |
2,027 | 3,205 | 10,169 | 14,752 | 10,760 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
7,760 | 7,760 | 7,760 | 7,760 | 7,760 | |
133 |
7,760 | 7,760 | 7,760 | 7,760 | 7,760 | |
14 |
-8,732 | -7,554 | -591 | 3,992 | - | |
17/49 |
- | 5,183 | 14,396 | 8,927 | 8,540 | |
42/48 |
- | 5,183 | 13,299 | 4,441 | 6,124 | |
44 |
- | 2,395 | 319 | 1,118 | 2,371 | |
440/4 |
- | 2,395 | 319 | 1,118 | 2,371 | |
45 |
- | - | 2,592 | 3,323 | 3,753 | |
450/3 |
- | - | 2,592 | 3,323 | 3,753 | |
47/48 |
- | 2,788 | 10,388 | - | - | |
492/3 |
- | - | 1,097 | 4,486 | 2,416 | |
| Income statement | ||||||
9900 |
1,510 | -2,148 | 1,180 | 7,570 | 12,563 | |
630 |
2,589 | 4,295 | 4,305 | 3,119 | 1,575 | |
640/8 |
- | 780 | - | 6 | 296 | |
66A |
- | - | 774 | - | - | |
9901 |
-1,079 | -7,224 | -3,899 | 4,445 | 10,693 | |
65/66B |
99 | 106 | 84 | 43 | 19 | |
65 |
99 | 106 | 84 | 43 | 19 | |
9903 |
-1,178 | -7,330 | -3,982 | 4,401 | 10,674 | |
67/77 |
- | -367 | 601 | 409 | 2,914 | |
9904 |
-1,178 | -6,963 | -4,583 | 3,992 | 7,760 | |
9905 |
-1,178 | -6,963 | -4,583 | 3,992 | 7,760 | |
| Appropriation of the result | ||||||
9906 |
-8,732 | -7,554 | -591 | 3,992 | 7,760 | |
14P |
-7,554 | -591 | 3,992 | - | - | |
691/2 |
- | - | - | - | 7,760 | |
6921 |
- | - | - | - | 7,760 | |
| Document | ||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00436621.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00436621 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00412742 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00435755 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00412438 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20307861 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 1,510 | -2,929 | 406 | 7,564 | 12,267 | ||
| 1,411 | -2,668 | -279 | 7,112 | 9,334 | ||
| 0 | 904 | 4,386 | 6,041 | 6,565 | ||
| 335 | -800 | -290 | -4,632 | - | ||
| - | -623 | 4,046 | 11,325 | 8,185 | ||
| - | 38.2% | 41.4% | 62.3% | 55.8% | ||
| - | 0.88 | 1.30 | 3.55 | 2.34 | ||
| - | 1.62 | 1.42 | 0.61 | 0.79 | ||
| - | -217.2% | -45.1% | 27.1% | 72.1% | ||
| - | -83.0% | -18.7% | 16.9% | 40.2% | ||
| 15.20 | -27.59 | 4.86 | over 100 | over 100 |
The ratios are withheld because a balance sheet total of €2,027 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €904 | €4,386 | €6,041 | €6,565 |
| €2,589 | €4,295 | €4,305 | €3,119 | €1,575 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NASK
The operating result for 2025 is a loss of €1,079, smaller than the loss of €7,224 in 2024.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 24-02-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 27-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-02-2020
Mandates through the years
1 name, the dashed line is todayde Mey, Johan
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- de Mey, Johan
- Director (not named in the articles), appointed by deed of 24-02-2020, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €20.27 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 24-02-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of May at 16:00
Founder
At incorporation
deed of 24-02-2020 ↗
- de Mey, Johan sole founder · 100% at incorporation
Network & group
No group
NASK has no parent and no holdings in its annual accounts. de Mey, Johan is the only director. NASK shares no director with another company.
At the same address
Nelemolenstraat 11, 1700 Dilbeek · 1 other company| KALOZUM
registered office since 26-07-2018 · founded in 2018 |
total assets €360,110 (2025) 0700.404.930 |
Timeline
Timeline
9 events since 2020Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Annual accounts 2024 filed PDFmicro format · 26 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0743913982
2024
Weakest financial year net -€6,963 The net result drops to -€6,963, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Annual accounts 2021 filed PDFmicro format · 22 days late
2020
IncorporationFounder: de Mey, Johan · 100 shares · Appointment: de Mey, Johan (director) · published on 24-02-20205 points ▸
- Founder, de Mey, Johan
- 100 shares
- Registered office clause, Nelemolenstraat 11, 1700 Dilbeek
- Board rule, 1
- Director appointment, de Mey, Johan (director (not named in the articles))
First establishment Nelemolenstraat 11, Dilbeek
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 20 February 2020, NASK was incorporated as a private limited company by one natural person.12 De Mey, Johan is director of the company, appointed by deed of 24-02-2020.2 Total assets went from €19,299 in 2021 to €2,027 in 2025.3
Company details
Identity
- Enterprise number
- 0743.913.982
- VAT number
- BE 0743.913.982
- Peppol ID
- 0208:0743913982
- Other Peppol ID
- 9925:BE0743913982
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-02-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of May at 16:00deed of 24-02-2020 (in Dutch)
- Peppol
- Reachable since 28-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NASK in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-02-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-02-2020 (in Dutch)
Activities
NACEBEL 202572109
Other research and development on natural sciences main activity
Codes under NACEBEL 2008
72190
Scientific research and development main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Nelemolenstraat 11 registered office 1700 Dilbeek | 20-02-2020 | 2.299.751.026 |
Buildings and parcels at the address
- Ground area
- 2,103 m²
- Buildings
- 50 m²
- Volume, LiDAR
- 144 m³
- Tallest building
- 3.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23016B0146/00T000 | 2,103 m² | 1 · 50 m² | 3.6 m · 1 |