NASTMAN
ActiveSummary
NASTMAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347k and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.1 against 2.87 in 2024; short-term debt: 3.2% and cash: 0.1% of total assets), and 3.2% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
96.8%
Return on assets
-3.3%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €-12k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
28 d early
2022
31 d late
2021
23 d early
2020
23 d early
2019
7 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€347k▼ 3.3%
2024 · €359k
2018: €48k
2019: €52k▲ +8.7% vs 2018
2020: €39k▼ -25.1% vs 2019
2021: €12k▼ -68.1% vs 2020
2022: €-2k▼ -112% vs 2021
2023: €-13k▼ -718% vs 2022lowest in 8 years
2024: €359k▲ +2954% vs 2023highest in 8 years
2025: €347k▼ -3.3% vs 2024
2018 → 2025
Total assets
€359k▼ 0.6%
2024 · €361k
2018: €415khighest in 8 years
2019: €412k▼ -0.6% vs 2018
2020: €393k▼ -4.8% vs 2019
2021: €375k▼ -4.6% vs 2020
2022: €364k▼ -2.9% vs 2021
2023: €357k▼ -1.8% vs 2022lowest in 8 years
2024: €361k▲ +1.0% vs 2023
2025: €359k▼ -0.6% vs 2024
2018 → 2025
Net result
€-12k▼ 45.1%
2024 · €-8k
2018: €11khighest in 8 years
2019: €4k▼ -63.4% vs 2018
2020: €-13k▼ -414% vs 2019
2021: €-26k▼ -103% vs 2020lowest in 8 years
2022: €-14k▲ +47.3% vs 2021
2023: €-11k▲ +20.5% vs 2022
2024: €-8k▲ +25.7% vs 2023
2025: €-12k▼ -45.1% vs 2024
2018 → 2025
Working capital
€-10k
2024 · €3k
2018: €-69k
2019: €-73k▼ -6.1% vs 2018
2020: €-85k▼ -15.5% vs 2019
2021: €-110k▼ -29.7% vs 2020
2022: €-137k▼ -24.8% vs 2021
2023: €-369k▼ -169% vs 2022lowest in 8 years
2024: €3k▲ +101% vs 2023highest in 8 years
2025: €-10k▼ -429% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-2k€-13k▼ 718%€359k€347k▼ 3.3%
2021: €12k
2022: €-2k▼ -112% vs 2021
2023: €-13k▼ -718% vs 2022lowest in 5 years
2024: €359k▲ +2954% vs 2023highest in 5 years
2025: €347k▼ -3.3% vs 2024
Operating result€-15k-€-3k▲ 81.4%€-6k▼ 102%€-8k▼ 49.2%€-12k▼ 44.0%
2021: €-15klowest in 5 years
2022: €-3k▲ +81.4% vs 2021highest in 5 years
2023: €-6k▼ -102% vs 2022
2024: €-8k▼ -49.2% vs 2023
2025: €-12k▼ -44.0% vs 2024
Net result€-26k-€-14k▲ 47.3%€-11k▲ 20.5%€-8k▲ 25.7%€-12k▼ 45.1%
2021: €-26klowest in 5 years
2022: €-14k▲ +47.3% vs 2021
2023: €-11k▲ +20.5% vs 2022
2024: €-8k▲ +25.7% vs 2023highest in 5 years
2025: €-12k▼ -45.1% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €8k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359k
Fixed assets
€358k ▲ 0.4%
Current assets
€1k ▼ 76.9%
Equity and liabilities €359k
Equity
€347k ▼ 3.3%
Debt
€11k ▲ 580%
Debt's share of the balance-sheet total rises from 0.5% to 3.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €-8k
Cash flow
€-11k▼
2024 · €-8k
Current ratio
0.10▼
2024 · 2.87
Debt to equity
0.03▲
2024 · 0.00
ROE
-3.4%▼
2024 · -2.3%
ROA
-3.3%▼
2024 · -2.3%
Interest coverage
-233.88▼
2024 · -192.23
Debt ≤ 1 year
€11k▲
2024 · €2k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€361k€359k▼
Fixed assets21/28€356k€358k▲
Tangible fixed assets22/27€356k€358k▲
Land and buildings22€356k€356k=
Furniture and vehicles24€57€2k▲
Current assets29/58€5k€1k▼
Amounts receivable within one year40/41€3k€152▼
Other amounts receivable41€3k€152▼
Cash at bank and in hand54/58€754€306▼
Deferred charges and accrued income490/1€652€656▲
Equity and liabilities
Total equity and liabilities10/49€361k€359k▼
Equity10/15€359k€347k▼
Contributions10/11€400k€400k=
Reserves13€15k€15k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-55k€-67k▼
Amounts payable17/49€2k€11k▲
Amounts payable within one year42/48€2k€11k▲
Trade debts44€1k€94▼
Suppliers440/4€1k€94▼
Taxes, remuneration and social security45€195€108▼
Taxes450/3€195€108▼
Other amounts payable47/48€0€11k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339€610▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-5k€-8k▼
Operating profit (loss)9901€-8k€-12k▼
Financial income75/76B€69€0▼
Recurring financial income75€69€0▼
Financial charges65/66B€41€48▲
Recurring financial charges65€41€48▲
Profit (loss) for the period before taxes9903€-8k€-12k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-8k€-12k▼
Profit (loss) for the period to be appropriated9905€-8k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-67k▲
Profit (loss) brought forward from the previous period14P€-64k€-55k▲
Transfer from equity791/2€17k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | €0 | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €4k | €4k | €339 | €610 | ▲ 80.0% |
| Other operating charges640/8 | €4k | €3k | €3k | €3k | €3k | ▼ 1.9% |
| Gross operating margin9900 | €8k | €4k | €1k | €-5k | €-8k | ▼ 69.4% |
| Operating profit (loss)9901 | €-15k | €-3k | €-6k | €-8k | €-12k | ▼ 44.0% |
| Financial income75/76B | €1 | €0 | - | €69 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | - | €69 | €0 | ▼ 100% |
| Financial charges65/66B | €11k | €11k | €5k | €41 | €48 | ▲ 17.1% |
| Recurring financial charges65 | €11k | €11k | €5k | €41 | €48 | ▲ 17.1% |
| Profit (loss) for the period before taxes9903 | €-26k | €-14k | €-11k | €-8k | €-12k | ▼ 45.1% |
| Income taxes67/77 | €164 | €184 | €195 | €0 | - | - |
| Profit (loss) for the period9904 | €-26k | €-14k | €-11k | €-8k | €-12k | ▼ 45.1% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-14k | €-11k | €-8k | €-12k | ▼ 45.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375k | €364k | €357k | €361k | €359k | ▼ 0.6% |
| Fixed assets21/28 | €364k | €360k | €356k | €356k | €358k | ▲ 0.4% |
| Tangible fixed assets22/27 | €364k | €360k | €356k | €356k | €358k | ▲ 0.4% |
| Land and buildings22 | €356k | €356k | €356k | €356k | €356k | = |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €8k | €4k | €396 | €57 | €2k | ▲ 2,763% |
| Current assets29/58 | €11k | €4k | €836 | €5k | €1k | ▼ 76.9% |
| Amounts receivable within one year40/41 | €5k | €0 | - | €3k | €152 | ▼ 95.5% |
| Trade receivables40 | €5k | €0 | - | - | - | - |
| Other amounts receivable41 | €0 | - | - | €3k | €152 | ▼ 95.5% |
| Cash at bank and in hand54/58 | €6k | €4k | €313 | €754 | €306 | ▼ 59.4% |
| Deferred charges and accrued income490/1 | - | - | €523 | €652 | €656 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375k | €364k | €357k | €361k | €359k | ▼ 0.6% |
| Equity10/15 | €12k | €-2k | €-13k | €359k | €347k | ▼ 3.3% |
| Contributions10/11 | €20k | €20k | €20k | €400k | €400k | = |
| Reserves13 | €32k | €32k | €32k | €15k | €15k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €30k | €30k | €30k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-39k | €-53k | €-64k | €-55k | €-67k | ▼ 21.5% |
| Amounts payable17/49 | €362k | €365k | €370k | €2k | €11k | ▲ 580% |
| Amounts payable after more than one year17 | €237k | €220k | €0 | - | - | - |
| Financial debts170/4 | €237k | €220k | €0 | - | - | - |
| Amounts payable within one year42/48 | €121k | €141k | €370k | €2k | €11k | ▲ 580% |
| Current portion of amounts payable after more than one year42 | €16k | €17k | €0 | - | - | - |
| Trade debts44 | €2k | €1k | €2k | €1k | €94 | ▼ 93.7% |
| Suppliers440/4 | €2k | €1k | €2k | €1k | €94 | ▼ 93.7% |
| Taxes, remuneration and social security45 | €983 | €663 | €405 | €195 | €108 | ▼ 44.3% |
| Taxes450/3 | €983 | €663 | €405 | €195 | €108 | ▼ 44.3% |
| Other amounts payable47/48 | €101k | €122k | €368k | €0 | €11k | - |
| Accrued charges and deferred income492/3 | €5k | €5k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-26k | €-14k | €-11k | €-8k | €-12k | ▼ 45.1% |
| + Depreciation and write-downs630 | €19k | €4k | €4k | €339 | €610 | ▲ 80.0% |
| Operating cash flow (approximation) | €-7k | €-10k | €-7k | €-8k | €-11k | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-2k | - |
| Change in cash | - | €-2k | €-3k | €441 | €-448 | ▼ 202% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 1268current ratio 2.87
Current ratio from 0.00 to 2.87; short-term debt falls from €370k to €2k.
31-12
Financial
Equity above €200kEq €359k
Equity rises from €-13k to €359k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2011
Ground area
664 m²
Building footprint
150 m²
Volume, LiDAR
582 m³
Parcel 44002B0035/00R010, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NASTMAN
since 20112.197.902.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0035/00R010 | Flanders | 664 m² | 1 · 150 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,287 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
Founded28-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.