Equity
Equity fell by 74% in 8 years.
Equity fell by 74% in 8 years.
Of this, €64,863 falls due within a year.
Six of the last ten came late. The 2017 accounts came latest: 125 days after the end of the period.
In July 2024, 207 companies had the same profile as NAT has now. Each dot is one company, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 207 companies, not a prediction for NAT. 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.
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.
NAT files the abbreviated format. That format states no turnover. The gross margin rose from €496,900 in 2006 to €1.5m in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.6m. Estimated: probably between €1.7m and €4.2m.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
13.5m | 14.2m | 15.0m | 14.9m | 16.1m | 17.4m | 16.9m | 9.9m | 6.2m | 946,204 | 195,530 | 212,429 | 264,752 | 286,715 | 309,707 | 311,047 | 334,158 | 332,168 | 373,293 | 455,895 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
21/28 |
13.5m | 14.2m | 14.9m | 14.9m | 16.0m | 16.9m | 16.8m | 9.8m | 4.9m | 907,448 | 104,008 | 124,773 | 145,539 | 166,381 | 203,700 | 222,519 | 257,539 | 281,961 | 318,469 | 356,448 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,848 | 36,001 | 54,395 | 71,915 | |
22/27 |
13.5m | 14.2m | 14.9m | 14.9m | 16.0m | 16.9m | 16.8m | 9.8m | 4.9m | 907,448 | 104,008 | 124,773 | 145,539 | 166,305 | 203,624 | 222,443 | 239,615 | 245,960 | 264,074 | 284,533 | |
22 |
13.5m | 14.2m | 14.9m | 14.9m | 16.0m | 16.9m | 16.8m | 9.8m | 4.9m | 907,448 | 104,008 | 124,773 | 145,539 | 166,305 | 187,071 | 207,836 | 229,117 | 238,497 | 257,680 | 276,864 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,587 | 11,281 | 5,538 | 5,785 | 4,067 | 3,854 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,966 | 3,326 | 4,959 | 1,678 | 2,327 | 3,816 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 76 | 76 | 76 | 76 | - | 0 | 0 | |
29/58 |
8,597 | 25,329 | 1,839 | 6,824 | 79,418 | 490,076 | 104,787 | 71,821 | 1.3m | 38,756 | 91,522 | 87,656 | 119,213 | 120,334 | 106,007 | 88,529 | 76,619 | 50,207 | 54,824 | 99,447 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
40/41 |
- | - | - | - | - | 0 | 4,191 | 6,998 | 31,455 | 4,754 | 18,695 | 23,890 | 20,650 | 35,477 | 57,664 | 39,039 | 49,569 | 39,001 | 46,124 | 85,762 | |
40 |
- | - | - | - | - | 0 | 3,691 | 6,498 | 31,455 | - | - | - | - | 6,048 | 57,653 | 39,029 | 49,556 | 38,993 | 46,124 | 84,613 | |
41 |
- | - | - | - | - | 0 | 500 | 500 | - | 4,754 | 18,695 | 23,890 | 20,650 | 29,429 | 11 | 10 | 12 | 7 | 0 | 1,149 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
54/58 |
8,597 | 25,329 | 1,839 | 6,824 | 79,418 | 10,076 | 20,399 | 54,479 | 1.3m | 33,699 | 72,827 | 63,466 | 98,266 | 83,520 | 27,981 | 41,416 | 17,471 | 11,177 | 8,700 | 7,401 | |
490/1 |
- | - | - | - | 0 | 480,000 | 80,197 | 10,344 | 303 | 303 | - | 300 | 297 | 1,338 | 20,362 | 8,073 | 9,579 | 29 | 0 | 6,284 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
13.5m | 14.2m | 15.0m | 14.9m | 16.1m | 17.4m | 16.9m | 9.9m | 6.2m | 946,204 | 195,530 | 212,429 | 264,752 | 286,715 | 309,707 | 311,047 | 334,158 | 332,168 | 373,293 | 455,895 | |
10/15 |
872,287 | 707,938 | 533,840 | -262,646 | 404,125 | 1.2m | 1.8m | 2.9m | 3.3m | 105,187 | 93,936 | 80,949 | 68,850 | 56,012 | -80,161 | -135,594 | -184,998 | -169,287 | -167,256 | -98,167 | |
10/11 |
3.4m | 3.4m | 3.4m | 3.4m | 3.4m | 3.4m | 3.4m | 3.4m | 3.4m | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | |
100 |
- | - | - | - | - | - | 3.4m | 3.4m | 3.4m | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | 30,863 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
11 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
13 |
3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | - | - | - | - | - | 0 | 0 | |
130/1 |
- | - | 0 | 3,086 | 3,086 | 3,086 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
130 |
- | - | - | - | - | - | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | 3,086 | - | - | - | - | - | 0 | 0 | |
1311 |
- | - | 0 | 3,086 | 3,086 | 3,086 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
1319 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
133 |
3,086 | 3,086 | 3,086 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
14 |
-2.5m | -2.7m | -2.9m | -3.7m | -3.0m | -2.2m | -1.6m | -533,722 | -53,558 | 71,238 | 59,987 | 47,000 | 34,901 | 25,149 | -111,024 | -166,456 | -215,861 | -200,150 | -198,118 | -129,030 | |
15 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
17/49 |
12.6m | 13.5m | 14.4m | 15.2m | 15.7m | 16.2m | 15.1m | 7.0m | 2.8m | 841,017 | 101,594 | 131,480 | 195,902 | 230,704 | 389,868 | 446,641 | 519,156 | 501,455 | 540,549 | 554,062 | |
17 |
12.5m | 13.4m | 14.4m | 15.1m | 15.4m | 16.1m | 11.6m | 4.6m | - | 9,038 | 41,215 | 76,670 | 109,806 | 140,776 | 169,720 | 196,770 | 222,052 | 263,088 | 307,115 | 348,334 | |
170/4 |
- | - | - | - | - | - | - | - | - | 9,038 | 41,215 | 76,670 | 109,806 | 140,776 | 169,720 | 196,770 | 222,052 | 263,088 | 307,115 | 348,334 | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
176 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
178/9 |
12.5m | 13.4m | 14.4m | 15.1m | 15.4m | 16.1m | 11.6m | 4.6m | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
42/48 |
64,863 | 64,439 | 65,307 | 66,965 | 214,777 | 113,814 | 3.5m | 2.4m | 2.8m | 831,979 | 57,753 | 54,777 | 85,929 | 89,738 | 217,124 | 243,221 | 294,515 | 230,947 | 233,434 | 205,729 | |
42 |
- | - | - | - | - | - | - | - | 3,225 | 32,176 | 35,455 | 33,136 | 30,969 | 28,944 | 27,051 | 25,282 | 41,036 | 44,027 | 50,890 | 48,152 | |
43 |
- | - | - | - | - | - | - | - | - | - | 2,138 | - | - | - | - | - | - | - | 15,005 | 14,293 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 2,138 | - | - | - | - | - | - | - | 15,005 | 14,293 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
44 |
64,863 | 64,439 | 65,307 | 66,965 | 214,777 | 113,814 | 979,025 | 519 | 454,757 | 303 | - | 299 | 297 | 657 | 22,636 | 28,129 | 30,172 | 19,956 | 70,745 | 83,738 | |
440/4 |
64,863 | 64,439 | 65,307 | 66,965 | 214,777 | 113,814 | 979,025 | 519 | 454,757 | 303 | - | 299 | 297 | 657 | 22,636 | 28,129 | 30,172 | 19,956 | 70,745 | 83,738 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
45 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 474 | 82,476 | 80,595 | 97,736 | 120,376 | 48,046 | 41,331 | |
450/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 474 | 3,118 | 6,417 | 7,039 | 9,874 | 0 | 0 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 79,358 | 74,178 | 90,697 | 110,502 | 48,046 | 41,331 | |
47/48 |
- | - | - | - | - | 0 | 2.5m | 2.4m | 2.4m | 799,500 | 20,160 | 21,342 | 54,663 | 59,663 | 84,961 | 109,216 | 125,571 | 46,588 | 48,747 | 18,215 | |
492/3 |
- | - | - | - | - | 0 | 7,120 | 9,874 | 129 | - | 2,626 | 33 | 167 | 190 | 3,024 | 6,650 | 2,590 | 7,420 | 0 | 0 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 753,245 | 829,028 | |
76A |
- | 0 | 816,764 | 6,061 | - | - | - | 2,600 | - | - | - | - | - | 249,512 | - | - | - | - | 696 | 0 | |
9900 |
1.5m | 1.5m | 2.2m | 1.0m | 942,389 | 953,461 | 66,864 | 54,788 | 64,515 | 60,939 | 49,974 | 50,312 | 52,127 | -43,922 | 655,187 | 644,507 | 579,097 | 566,120 | 434,278 | 496,900 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 318,967 | 332,129 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 811 | 549,018 | 524,118 | 525,774 | 489,206 | 406,879 | 391,263 | |
630 |
736,903 | 760,983 | 796,714 | 1.0m | 1.1m | 1.1m | 815,866 | 440,234 | 168,808 | 36,627 | 20,765 | 20,766 | 20,766 | 20,766 | 27,223 | 44,083 | 42,272 | 39,780 | 42,608 | 41,443 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,632 | - | - | - | - | 0 | 0 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
640/8 |
100,574 | 97,666 | 93,711 | 85,652 | 83,517 | 868 | 4,198 | 4,135 | 3,549 | 3,490 | 3,474 | 3,463 | 3,305 | 7,648 | 3,157 | 3,980 | 3,021 | 6,263 | 6,272 | 5,827 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 8,926 | 2,630 | - | - | 6,522 | 16,368 | 0 | |
9901 |
647,387 | 690,776 | 1.3m | -100,027 | -193,883 | -115,139 | -753,201 | -389,581 | -107,842 | 20,822 | 25,735 | 26,083 | 28,056 | -75,779 | 75,789 | 72,325 | 8,030 | 30,870 | -21,481 | 58,368 | |
75/76B |
0 | 50 | 5 | - | - | 0 | 169 | 2,601 | 1 | - | - | 88 | 1,823 | 4,236 | 472 | 271 | 226 | 1,777 | 55 | 1,480 | |
75 |
0 | 50 | 5 | - | - | 0 | 169 | 1 | 1 | - | - | 88 | 1,823 | 4,236 | 472 | 271 | 226 | 1,777 | 55 | 1,480 | |
76B |
- | - | - | - | - | - | - | 2,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
483,038 | 516,728 | 550,905 | 566,743 | 608,928 | 463,014 | 331,242 | 93,185 | 14,351 | 4,325 | 6,740 | 8,774 | 11,221 | 15,742 | 18,199 | 23,191 | 23,967 | 28,157 | 31,990 | 48,105 | |
65 |
483,038 | 516,728 | 550,905 | 566,743 | 608,928 | 463,014 | 331,242 | 93,185 | 14,351 | 4,325 | 6,740 | 8,774 | 11,221 | 15,742 | 18,199 | 23,191 | 23,967 | 28,157 | 31,990 | 48,105 | |
9903 |
164,349 | 174,098 | 796,486 | -666,771 | -802,812 | -578,154 | -1.1m | -480,165 | -122,192 | 16,497 | 18,995 | 17,397 | 18,658 | 153,302 | 55,432 | 49,404 | -15,711 | -2,032 | -69,089 | 11,742 | |
67/77 |
- | - | - | - | - | - | - | - | - | 5,246 | 6,008 | 5,298 | 5,820 | 17,129 | - | - | - | - | 0 | 0 | |
9904 |
164,349 | 174,098 | 796,486 | -666,771 | -802,812 | -578,154 | -1.1m | -480,165 | -122,192 | 11,251 | 12,987 | 12,099 | 12,838 | 136,173 | 55,432 | 49,404 | -15,711 | -2,032 | -69,089 | 11,742 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
9905 |
164,349 | 174,098 | 796,486 | -666,771 | -802,812 | -578,154 | -1.1m | -480,165 | -122,192 | 11,251 | 12,987 | 12,099 | 12,838 | 136,173 | 55,432 | 49,404 | -15,711 | -2,032 | -69,089 | 11,742 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-2.5m | -2.7m | -2.9m | -3.7m | -3.0m | -2.2m | -1.6m | -533,722 | -50,954 | 71,238 | 59,987 | 47,000 | 37,987 | 25,149 | -111,024 | -166,456 | -215,861 | -200,150 | -198,118 | -129,030 | |
14P |
-2.7m | -2.9m | -3.7m | -3.0m | -2.2m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
691/2 |
- | - | - | - | - | - | - | - | 2,604 | - | - | - | 3,086 | - | - | - | - | - | 0 | 0 | |
691 |
- | - | - | - | - | - | - | - | 2,604 | - | - | - | - | - | - | - | - | - | 0 | 0 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,086 | - | - | - | - | - | 0 | 0 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | 15.5 | 12.9 | 12 | 11 | 10.7 | 10.7 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,212 | 20,694 | 20,097 | 18,369 | 18,261 | 18,249 | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 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.
2025 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, 2026-00449564.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00449564 | |
| 31-12-2024 | full format | 27-08-2025 | 2025-00427918 | |
| 31-12-2023 | full format | 10-07-2024 | 2024-00237230 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00163970 | |
| 31-12-2021 | full format | 08-07-2022 | 2022-20171633 | |
| 31-12-2020 | full format | 26-08-2021 | 2021-56500119 | |
| 31-12-2019 | full format | 07-07-2020 | 2020-27400293 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-51200264 | |
| 31-12-2017 | full format | 03-12-2018 | 2018-73600434 | |
| 31-12-2016 | full format | 30-10-2017 | 2017-68400326 | |
| 31-12-2015 | full format | 09-08-2016 | 2016-41300569 | |
| 31-12-2014 | full format | 23-08-2015 | 2015-45900421 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-51000558 | |
| 31-12-2012 | full format | 27-09-2013 | 2013-60300245 | |
| 31-12-2011 | full format | 09-10-2012 | 2012-60600442 | |
| 31-12-2010 | full format | 18-10-2011 | 2011-58100321 | |
| 31-12-2009 | full format | 22-02-2011 | 2011-04100342 | |
| 31-12-2008 | full format | 30-11-2009 | 2009-86700331 | |
| 31-12-2007 | full format | 06-08-2008 | 2008-54100206 | |
| 31-12-2006 | full format | 27-08-2007 | 2007-62100071 | |
| 31-12-2005 | full format | 31-07-2006 | 2006-59301523 | |
| 31-12-2004 | full format | 05-10-2005 | 2005-81504704 | |
| 31-12-2003 | full format | 15-11-2004 | 2004-79102328 | |
| 31-12-2002 | full format | 13-10-2003 | 2003-74301255 | |
| 31-12-2001 | full format | 07-11-2002 | 2002-70705209 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.4m | 1.5m | 2.1m | 923,709 | 858,872 | 952,593 | 62,666 | 50,653 | 60,966 | 57,449 | 46,500 | 46,849 | 48,822 | -55,013 | 103,012 | 116,408 | 50,303 | 70,650 | 21,127 | 99,810 | ||
| 901,251 | 935,081 | 1.6m | 356,966 | 249,944 | 489,579 | -268,408 | -39,931 | 46,616 | 47,878 | 33,752 | 32,865 | 33,604 | 156,939 | 82,655 | 93,488 | 26,561 | 37,748 | -26,481 | 53,185 | ||
| 0 | 0 | 14,199 | 15,134 | 85,593 | 1.3m | 7.8m | 5.3m | 4.1m | 840,067 | 0 | 0 | -76 | -16,553 | 8,404 | 9,063 | 17,850 | 3,272 | 4,629 | 3,996 | ||
| -16,732 | 23,490 | -4,985 | -72,594 | 69,343 | -10,323 | -34,080 | -1.2m | 1.2m | -39,128 | 9,361 | -34,800 | 14,746 | 55,539 | -13,435 | 23,944 | 6,294 | 2,477 | 1,299 | - | ||
| -56,266 | -39,110 | -63,468 | -60,140 | -135,359 | 376,262 | -3.4m | -2.3m | -1.5m | -793,223 | 33,769 | 32,879 | 33,284 | 30,596 | -111,117 | -154,693 | -217,895 | -180,741 | -178,609 | -106,281 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.9% | 7.0% | ||
| 6.5% | 5.0% | 3.6% | -1.8% | 2.5% | 6.9% | 10.6% | 29.1% | 54.3% | 11.1% | 48.0% | 38.1% | 26.0% | 19.5% | -25.9% | -43.6% | -55.4% | -51.0% | -44.8% | -21.5% | ||
| 0.13 | 0.39 | 0.03 | 0.10 | 0.37 | 4.31 | 0.03 | 0.03 | 0.46 | 0.05 | 1.58 | 1.60 | 1.39 | 1.34 | 0.49 | 0.36 | 0.26 | 0.22 | 0.23 | 0.48 | ||
| 14.43 | 19.08 | 27.01 | - | 38.74 | 13.45 | 8.45 | 2.43 | 0.84 | 8.00 | 1.08 | 1.62 | 2.85 | 4.12 | - | - | - | - | - | - | ||
| 18.8% | 24.6% | 149.2% | - | -198.7% | -47.9% | -60.7% | -16.7% | -3.6% | 10.7% | 13.8% | 14.9% | 18.6% | 243.1% | - | - | - | - | - | - | ||
| 1.2% | 1.2% | 5.3% | -4.5% | -5.0% | -3.3% | -6.4% | -4.9% | -2.0% | 1.2% | 6.6% | 5.7% | 4.8% | 47.5% | 17.9% | 15.9% | -4.7% | -0.6% | -18.5% | 2.6% | ||
| 2.87 | 2.81 | 3.89 | 1.63 | 1.41 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22 days | 37 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 81 days | 92 days |
EBIT margin: not included in this filing.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €14,199 | €15,134 | €85,593 |
| €736,903 | €760,983 | €796,714 | €1.0m | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 95.0% to 93.5%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.
| FIPAS
registered office since 29-06-1989 · founded in 1989 |
total assets €32.0m (2025) 0437.930.452 |
via , at NAT, last mentioned in 2023 · Director · deed of 19-07-2022 founded in 1989 · negative equity (2025) |
81 FTE (2025) |
via , at NAT, last mentioned in 2023 · Director · deed of 16-05-2023 founded in 2023 · negative equity (2025) |
total assets €1.0m (2025) |
via , at NAT, last mentioned in 2023 · Director (not named in the articles) · deed of 18-12-2023 founded in 1983 |
44 FTE (2025) |
via , at NAT, last mentioned in 2023 · Director (not named in the articles) · deed of 18-05-2020 founded in 2008 |
total assets €276,662 (2025) |
via , at NAT, last mentioned in 2023 · Manager (not named in the articles) · deed of 26-04-2019 founded in 1988 |
total assets €194,678 (2025) |
via , at NAT, last mentioned in 2023 · Manager (not named in the articles) · deed of 26-04-2019 No longer active |
total assets €267,235 (2022) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de l' Union 2 registered office 4800 Verviers 87301 Residential care activities | 13-11-2000 | 2.096.812.376 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63079D0407/00H004 | 153 m² | 1 · 165 m² | 10.9 m · 3 |
If something looks wrong or is missing, please tell us.