NATAM

Active

Private limited companyfounded 201511 yrs activeEdelknaapstraat 101, 1050 Elsene, BelgiumKBO/BCE: BE 0589.952.119

The computed 12-month bankruptcy probability of NATAM is 3.1% (moderate). The 2026 annual accounts show negative equity (€-62k) and a net result of €-83k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 50 sector peers (fiscal year 2026). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2026

24 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability7▼-70

Solvency18▲+6

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.82 against 0.89 in 2025; short-term debt: 82.3% and cash: 4.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

-7.2%

Return on assets

-9.7%

Age of the figures

7 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2026 annual accounts show negative equity and a net loss.

NBB · annual accounts 2026

Equity per financial year

1920212223242526

2019 to 2026 · latest year €-62k

Latest accounts filed on time

The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 05-06-2026, 117 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

117 d early

2025

on the day

2024

32 d early

2023

19 d late

2022

17 d late

2021

28 d late

2020

58 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

16-09-2026 today28-02-2027 close30-09-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-83k

2025 · €93k

2019: €8k 2020: €-113k 2021: €-23k 2022: €87k 2023: €-420k 2024: €19k 2025: €93k

2019 → 2026

Working capital

€-130k▼ 104%

2025 · €-64k

2019: €-61k 2020: €-222k 2021: €-71k 2022: €72k 2023: €-177k 2024: €-177k 2025: €-64k

2019 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222023202420252026Trend

Equity€225k-€-198k€-181k▲ 8.4%€-109k▲ 39.9%€-62k▲ 43.1%

Operating result€97k-€-387k€52k€93k▲ 78.8%€-60k

Net result€87k-€-420k€19k€93k▲ 379%€-83k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2026: a loss of €60k after €93k in 2025.

Balance-sheet composition

2026 in colour, 2025 as the grey bar beneath

Assets €819k

29.6%

70.4%

Fixed assets €242k▼ 5.6%

Current assets €577k▲ 15.6%

Key figures and ratios

2026 value · change against 2025

EBITDA

€-28k▼

2025 · €129k

Cash flow

€-51k▼

2025 · €128k

Solvency

-7.2%▲

2025 · -13.4%

Current ratio

0.82▼

2025 · 0.89

Quick ratio

0.22▲

2025 · 0.13

Debt / equity

-14.89▼

2025 · -8.47

ROA

-9.7%▼

2025 · 11.4%

Interest coverage

-1.21▼

2025 · 5.32

Debt

€921k=

2025 · €921k

Debt ≤ 1 year

€708k▲

2025 · €563k

Debt > 1 year

€214k▼

2025 · €358k

Income taxes

€2k▲

2025 · €141

Staff costs

€156k▼

2025 · €227k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2026 against 2025

Balance sheet Code20252026

Assets

Total assets20/58€812k€860k▲

Formation expenses20€57k€40k▼

Fixed assets21/28€256k€242k▼

Intangible fixed assets21-€0

Tangible fixed assets22/27€125k€111k▼

Plant, machinery and equipment23€915€2k▲

Furniture and vehicles24-€0

Other tangible fixed assets26€124k€109k▼

Financial fixed assets28€131k€131k=

Current assets29/58€499k€577k▲

Stocks and contracts in progress3€427k€423k▼

Stocks30/36€427k€423k▼

Amounts receivable within one year40/41€130€87k▲

Trade receivables40-€79k

Other amounts receivable41€130€8k▲

Cash at bank and in hand54/58€51k€40k▼

Deferred charges and accrued income490/1€21k€27k▲

Equity and liabilities

Total equity and liabilities10/49€812k€860k▲

Equity10/15€-109k€-62k▲

Contributions10/11€219k€219k=

Reserves13€3k€3k=

Distributable reserves133€3k€3k=

Profit (loss) carried forward14€-331k€-284k▲

Amounts payable17/49€921k€921k=

Amounts payable after more than one year17€358k€214k▼

Financial debts170/4€37k€23k▼

Other amounts payable178/9€321k€191k▼

Amounts payable within one year42/48€563k€708k▲

Current portion of amounts payable after more than one year42€21k€15k▼

Financial debts43€260k€275k▲

Credit institutions430/8€260k€275k▲

Trade debts44€18k€128k▲

Suppliers440/4€18k€128k▲

Advances received on contracts in progress46€166k€214k▲

Taxes, remuneration and social security45€98k€76k▼

Taxes450/3€35k€41k▲

Remuneration and social security454/9€63k€35k▼

Income statement Code20252026

Remuneration, social security and pensions62€227k€156k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€32k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-

Other operating charges640/8€4k€1k▼

Non-recurring operating charges66A€400-

Gross operating margin9900€366k€130k▼

Operating profit (loss)9901€93k€-60k▼

Financial income75/76B€23k€3k▼

Recurring financial income75€23k€3k▼

Financial charges65/66B€23k€23k▼

Recurring financial charges65€24k€23k▼

Non-recurring financial charges66B€-698-

Profit (loss) for the period before taxes9903€93k€-81k▼

Income taxes67/77€141€2k▲

Profit (loss) for the period9904€93k€-83k▼

Profit (loss) for the period to be appropriated9905€93k€-83k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-331k€-414k▼

Profit (loss) brought forward from the previous period14P€-423k€-331k▲

Shareholders' contribution to the loss794-€130k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2027, expected by 30-09-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2026 · micro schema

2025

30-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

28-02

Financial Highest result since 2019net €93k ▲379%

Net result €93k, the highest in the series.

2024

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema

29-02

Financial Back to profitnet €19k

Net result €19k after one loss-making year.

2023

19-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 19 days late

28-02

Financial Weakest financial yearnet €-420k ▼580%

Net result drops to €-420k, the lowest in the series; recovery starts the following year.

2022

17-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 17 days late

28-02

Financial Back to profitnet €87k

Net result €87k after 2 loss-making years.

28-02

Financial Equity above €200kEq €225k ▲60.6%

Equity rises from €140k to €225k.

2021

28-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 28 days late

2020

27-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 58 days late

2019

01-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 1 day late

2018

16-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 16 days late

04-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 96 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Elsene · 3 establishment units since 2015

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Edelknaapstraat 1011050 Elsene

Ground area

6,566 m²

Building footprint

3,812 m²

Volume, LiDAR

20,317 m³

3 parcels, Brussels, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

NATAM SPRL / LULU

Edelknaapstraat 101, 1050 ElseneReal estate development

since 20152.239.393.369

LULU HOME INTERIOR

Koolmijnenkaai 78-80, 1080 Sint-Jans-MolenbeekReal estate development

since 20202.297.115.002

LuLu Store Gosselies

Chaussée de Fleurus 123, 6041 CharleroiRetail trade

since 20222.326.732.961

3 parcels

Wallonia 1 (33.3%) Brussels 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52028C0082/00X005	Wallonia	4,929 m²	1 · 3,024 m²	9.9 m · 2 fl.
21012A0228/00S006	Brussels	916 m²	1 · 712 m²	13.8 m · 4 fl.
21447B0298/00B014	Brussels	720 m²	1 · 77 m²	12.1 m · 3 fl.