NATAN
ActiveSummary
NATAN has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6.0m and a net result of €582,312. Equity remains stable across the filed financial years (±1.5% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Manufacture of outerwear
NACE 14210
2nd largest company by total assets in the Brussels-Capital Region, Clothing sector8 sites
Size
€18.1mturnover 2026
- Staff
- 55.6 FTE
- Equity
- €6.0m
- Profit
- €582,312
Structure
- Board
- 4 members
- Edouard VermeulenManaging director
Auditor: CONSCIUS BEDRIJFSREVISOREN2026 accounts filed 30 days late2 of 21 deeds summarised
Why 92raises riskLast filed accounts filed 30 days late; 1 of the last 3 lateLiquidity: current ratio 2.36, cash €906,442lowers riskFounded in 1983Profit of €582,312 (financial year 2026)Show the evidence
Checked score
Score 2026
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (all companies)
Financial strength · tick = 2025
Strong
Solvency
71+1
equity 45.6% of total assets
Liquidity
42+2
short-term debt 35.9% · cash 6.8%
Profitability
66+4
return on assets 4.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.4%▲ +0.2 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.3%▼ -0.1 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.2%▼ -0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.5%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.4 percentage points vs 09-2026lowest value
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.36, compared with 2.32 in 2025, above the usual 1.5; short-term debt: 35.9% and cash: 6.8% of total assets), but 54.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 61% on solvency, 46% on liquidity, 58% on profitability and 61% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2026 accounts filed 30 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 30-09-2026, 30 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 · 10 filingsDeviation from the deadline
2026
30 days late
2025
30 days late
2024
53 days late
2023
61 days late
2022
141 days late
2021
91 days late
2020
113 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 74 days after the deadline; the sector median (NACE 14) for financial year 2024 is 6 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 24 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-01-2027 year end31-08-2027 deadline
- Annual accounts filedfinancial year 2026 · full…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2026, full format
In the rankings
#2 company by total assets in the Brussels-Capital Region, Clothing sector#2 company by equity in the Brussels-Capital Region, Clothing sector#5 company by staff growth in Belgium, Clothing sector
2026 annual accounts filed late (30 days) Filed on 30 September 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00547310.
Turnover
€18.1m▲ 5.9%
2025 · €17.1m
EBIT margin
5.5%▲ 1.4pp
2025 · 4.1%
Net result
€582,312▲ 127%
2025 · €256,496
Working capital
€6.5m▲ 8.1%
2025 · €6.0m
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 41% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€18.1m
2026
Operating result€1.0m
2026
Net result€0.6m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€13.2m
2026
Equity€6.0m
2026
Debt€7.2m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6.5m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin5.5%
2026
Return on assets (ROA)4.4%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency45.6%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.36
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)55.6
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 14, Manufacture of wearing apparel: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€11.8m-€11.1m▼ 5.4%€8.7m▼ 21.8%€10.1m▲ 16.3%€13.9m▲ 37.3%€16.1m▲ 16.1%€17.1m▲ 6.1%€18.1m▲ 5.9%
Operating result€0.9m-€0.2m▼ 71.5%-€0.4m€0.2m€1.0m▲ 536%€1.3m▲ 27.2%€0.7m▼ 46.5%€1.0m▲ 40.9%
Net result€0.5m-€0.1m▼ 72.3%-€0.5mbelow the sector's middle half€0.05mwithin the sector's middle half€0.8mwithin the sector's middle half▲ 17×€0.9mabove the sector's middle half▲ 13.6%€0.3mwithin the sector's middle half▼ 70.8%€0.6m▲ 127%
EBIT margin7.3%-2.2%▼ 5.1pp-4.4%▼ 6.7pp1.6%▲ 6.1pp7.5%▲ 5.9pp8.2%▲ 0.7pp4.1%▼ 4.1pp5.5%▲ 1.4pp
Equity€5.4m-€5.5m▲ 1.5%€5.1mabove the sector's middle half▼ 8.5%€5.0mabove the sector's middle half▼ 0.4%€5.7mwithin the sector's middle half▲ 12.7%€5.6mwithin the sector's middle half▼ 1.6%€5.8mabove the sector's middle half▲ 3.4%€6.0m▲ 4.6%
Total assets€9.5m-€9.6m▲ 1.0%€9.1mwithin the sector's middle half▼ 5.3%€8.8mwithin the sector's middle half▼ 3.3%€10.8mwithin the sector's middle half▲ 22.9%€11.5mwithin the sector's middle half▲ 6.5%€12.7mabove the sector's middle half▲ 10.0%€13.2m▲ 4.2%
Debt€4.0m-€4.0m▲ 0.9%€4.0m▼ 1.2%€3.8m▼ 5.2%€5.2m▲ 36.4%€6.0m▲ 15.4%€6.9m▲ 16.1%€7.2m▲ 3.9%
Working capital€4.1m-€4.8m▲ 17.8%€4.4mabove the sector's middle half▼ 8.6%€4.0mabove the sector's middle half▼ 8.4%€5.9mabove the sector's middle half▲ 46.7%€5.8mabove the sector's middle half▼ 1.2%€6.0mabove the sector's middle half▲ 2.8%€6.5m▲ 8.1%
Solvency57.1%-57.3%▲ 0.3pp55.4%within the sector's middle half▼ 2.0pp57.0%within the sector's middle half▲ 1.6pp52.3%within the sector's middle half▼ 4.7pp48.3%within the sector's middle half▼ 4.0pp45.4%within the sector's middle half▼ 2.9pp45.6%▲ 0.2pp
Current ratio2.35-2.81▲ 0.462.59within the sector's middle half▼ 0.222.33within the sector's middle half▼ 0.262.79above the sector's middle half▲ 0.452.55above the sector's middle half▼ 0.242.32within the sector's middle half▼ 0.232.36▲ 0.04
Return on assets (ROA)5.6%-1.5%▼ 4.1pp-5.2%below the sector's middle half▼ 6.7pp0.5%within the sector's middle half▲ 5.7pp7.1%within the sector's middle half▲ 6.6pp7.6%within the sector's middle half▲ 0.5pp2.0%within the sector's middle half▼ 5.6pp4.4%▲ 2.4pp
Staff (FTE)44.5-44▼ 1.1%43.8within the sector's middle half▼ 0.5%40.2within the sector's middle half▼ 8.2%46▲ 14.4%50.4▲ 9.6%53.1above the sector's middle half▲ 5.4%55.6▲ 4.7%
above
within
below
the middle half of NACE 14, Manufacture of wearing apparel: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €13.2m
Fixed assets
€2.0m ▼ 8.3%
Current assets
€11.2m ▲ 6.9%
Equity and liabilities €13.2m
Equity
€6.0m ▲ 4.6%
Debt
€7.2m ▲ 3.9%
Debt's share of the balance-sheet total falls from 54.6% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2025 · €1.1m
Cash flow
€973,110▲
2025 · €611,307
Quick ratio
1.13▲
2025 · 1.00
Debt to equity
1.19▼
2025 · 1.20
ROE
9.7%▲
2025 · 4.4%
Interest coverage
13.24▲
2025 · 10.37
Debt ≤ 1 year
€4.8m▲
2025 · €4.5m
Debt > 1 year
€331,496▼
2025 · €810,469
Income taxes
€67,999▼
2025 · €133,635
Staff costs
€3.9m▲
2025 · €3.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
97.9%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,887 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.3m | €14.0m | €16.4m | €17.2m | €18.2m | ▲ 5.7% |
| Turnover70 | €11.8m | €11.1m | €8.7m | €10.1m | €13.9m | €16.1m | €17.1m | €18.1m | ▲ 5.9% |
| Other operating income74 | - | - | - | €0.2m | €0.1m | €0.2m | €0.08m | €0.05m | ▼ 36.9% |
| Non-recurring operating income76A | - | - | - | €0.02m | €0 | €0.09m | €0.004m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €10.2m | €13.0m | €15.1m | €16.5m | €17.2m | ▲ 4.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €4.1m | €5.7m | €6.7m | €7.8m | €7.9m | ▲ 1.6% |
| Purchases600/8 | - | - | - | €4.0m | €7.0m | €8.2m | €7.8m | €7.8m | ▼ 0.5% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.09m | -€1.3m | -€1.4m | -€0.05m | €0.1m | - |
| Services and other goods61 | - | - | - | €3.5m | €3.8m | €3.5m | €4.5m | €4.9m | ▲ 9.7% |
| Remuneration, social security and pensions62 | - | - | - | €2.2m | €3.2m | €3.5m | €3.8m | €3.9m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.003m | €0.003m | €0 | - | -€0.003m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.07m | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.03m | €0.07m | €0.03m | €0.03m | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | €0.05m | €0.02m | €0.8m | €0.02m | €0 | ▼ 100% |
| Operating profit (loss)9901 | €0.9m | €0.2m | -€0.4m | €0.2m | €1.0m | €1.3m | €0.7m | €1.0m | ▲ 40.9% |
| Financial income75/76B | - | - | - | €0.005m | €0.03m | €0.02m | €0.01m | €0.04m | ▲ 241% |
| Recurring financial income75 | €0.01m | €0.01m | €0.07m | €0.005m | €0.03m | €0.02m | €0.01m | €0.04m | ▲ 241% |
| Income from current assets751 | - | - | - | - | - | - | €0.003m | €0.02m | ▲ 690% |
| Other financial income752/9 | - | - | - | €0.005m | €0.03m | €0.02m | €0.008m | €0.01m | ▲ 73.0% |
| Non-recurring financial income76B | - | - | - | €0 | €3 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 16.7% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 16.7% |
| Debt charges650 | €0.07m | €0.06m | €0.06m | €0.06m | €0.03m | €0.03m | €0.1m | €0.1m | ▲ 2.3% |
| Other financial charges652/9 | - | - | - | €0.07m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €0.7m | €0.1m | -€0.4m | €0.04m | €0.8m | €1.1m | €0.4m | €0.7m | ▲ 66.7% |
| Income taxes67/77 | €0.2m | -€0.02m | €0.02m | -€0.006m | €0.03m | €0.2m | €0.1m | €0.07m | ▼ 49.1% |
| Taxes670/3 | - | - | - | €0.006m | €0.04m | €0.2m | €0.1m | €0.07m | ▼ 49.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.01m | €0.006m | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.5m | €0.1m | -€0.5m | €0.05m | €0.8m | €0.9m | €0.3m | €0.6m | ▲ 127% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | €0 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.5m | €0.4m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.8m | -€0.5m | €0.08m | €0.8m | €0.4m | -€0.2m | €0.6m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.5m | €9.6m | €9.1m | €8.8m | €10.8m | €11.5m | €12.7m | €13.2m | ▲ 4.2% |
| Formation expenses20 | - | - | €0.03m | €0.01m | €250 | €0 | - | - | - |
| Fixed assets21/28 | €2.5m | €2.2m | €2.0m | €1.8m | €1.7m | €2.0m | €2.2m | €2.0m | ▼ 8.3% |
| Intangible fixed assets21 | €0.02m | €0.09m | €0.09m | €0.06m | €0.04m | €0.04m | €0.1m | €0.1m | ▲ 41.1% |
| Tangible fixed assets22/27 | €2.4m | €2.1m | €1.8m | €1.7m | €1.6m | €1.9m | €2.1m | €1.9m | ▼ 10.7% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.007m | €0.01m | €0.1m | €0.1m | ▼ 0.2% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 13.0% |
| Leasing and similar rights25 | - | - | - | €1.1m | €1.0m | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.3m | €1.6m | €1.6m | €1.4m | ▼ 11.1% |
| Financial fixed assets28 | €0.04m | €0.04m | €0.06m | €0.06m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Other financial fixed assets284/8 | - | - | - | €0.06m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.06m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €7.1m | €7.4m | €7.1m | €7.0m | €9.2m | €9.6m | €10.5m | €11.2m | ▲ 6.9% |
| Stocks and contracts in progress3 | €2.6m | €2.7m | €3.2m | €3.1m | €4.5m | €5.9m | €6.0m | €5.9m | ▼ 1.9% |
| Stocks30/36 | - | - | - | €3.1m | €4.5m | €5.9m | €6.0m | €5.9m | ▼ 1.9% |
| Goods purchased for resale34 | - | - | - | €3.1m | €4.5m | €5.9m | €6.0m | €5.9m | ▼ 1.9% |
| Amounts receivable within one year40/41 | €1.4m | €1.2m | €1.3m | €1.2m | €2.2m | €1.7m | €2.2m | €2.8m | ▲ 26.9% |
| Trade receivables40 | - | - | - | €1.2m | €2.2m | €1.6m | €2.0m | €2.5m | ▲ 25.0% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.01m | €0.06m | €0.2m | €0.2m | ▲ 52.0% |
| Current investments50/53 | €0.2m | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 7.8% |
| Own shares50 | - | - | - | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 7.8% |
| Cash at bank and in hand54/58 | €2.4m | €2.3m | €1.3m | €1.5m | €1.1m | €0.5m | €0.6m | €0.9m | ▲ 45.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | €0.6m | €0.8m | €1.1m | €1.1m | ▲ 1.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.5m | €9.6m | €9.1m | €8.8m | €10.8m | €11.5m | €12.7m | €13.2m | ▲ 4.2% |
| Equity10/15 | €5.4m | €5.5m | €5.1m | €5.0m | €5.7m | €5.6m | €5.8m | €6.0m | ▲ 4.6% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €1.2m | €1.2m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €1.2m | €1.2m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €4.3m | €4.4m | €3.9m | €3.9m | €4.5m | €5.3m | €5.5m | €5.8m | ▲ 4.8% |
| Non-distributable reserves130/1 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Own shares acquired1312 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | €0.5m | €0.9m | €0.9m | = |
| Distributable reserves133 | - | - | - | €2.7m | €3.4m | €3.6m | €3.4m | €3.7m | ▲ 7.8% |
| Provisions and deferred taxes16 | €0.08m | €0.06m | €0.07m | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable17/49 | €4.0m | €4.0m | €4.0m | €3.8m | €5.2m | €6.0m | €6.9m | €7.2m | ▲ 3.9% |
| Amounts payable after more than one year17 | €0.9m | €1.3m | €1.1m | €0.7m | €0.4m | €0.5m | €0.8m | €0.3m | ▼ 59.1% |
| Financial debts170/4 | - | - | - | €0.7m | €0.4m | €0.5m | €0.8m | €0.3m | ▼ 59.1% |
| Leasing and similar obligations172 | - | - | - | €0.08m | €0 | - | - | - | - |
| Credit institutions173 | - | - | - | €0.4m | €0.2m | €0.07m | €0.4m | €0.1m | ▼ 68.0% |
| Other loans174 | - | - | - | €0.2m | €0.2m | €0.4m | €0.4m | €0.2m | ▼ 50.0% |
| Amounts payable within one year42/48 | €3.0m | €2.6m | €2.8m | €3.0m | €3.3m | €3.8m | €4.5m | €4.8m | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 20.6% |
| Financial debts43 | - | - | - | - | - | - | €1.3m | €1.3m | ▲ 2.9% |
| Credit institutions430/8 | - | - | - | - | - | - | €1.3m | €1.3m | ▲ 2.9% |
| Trade debts44 | €1.2m | €1.1m | €1.0m | €1.1m | €1.9m | €2.2m | €1.7m | €1.8m | ▲ 4.7% |
| Suppliers440/4 | - | - | - | €1.1m | €1.9m | €2.2m | €1.7m | €1.8m | ▲ 4.7% |
| Advances received on contracts in progress46 | - | - | - | €0.9m | €0.3m | €0.2m | €0.2m | €0.02m | ▼ 90.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 8.9% |
| Taxes450/3 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 13.6% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 27.7% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.5m | €0.3m | €0.5m | ▲ 70.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €1.4m | €1.8m | €1.6m | €2.1m | ▲ 32.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.1m | -€0.5m | €0.05m | €0.8m | €0.9m | €0.3m | €0.6m | ▲ 127% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 10.1% |
| Operating cash flow (approximation) | €1.0m | €0.6m | -€0.1m | €0.4m | €1.1m | €1.2m | €0.6m | €1.0m | ▲ 59.2% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.7m | -€0.6m | -€0.2m | ▲ 64.0% |
| Change in cash | - | -€0.1m | -€1.0m | €0.2m | -€0.5m | -€0.6m | €0.2m | €0.3m | ▲ 84.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-01-2026 | full format | 30-09-2026 | 2026-00547310 |
| 31-01-2025 | full format | 30-09-2025 | 2025-00523785 |
| 31-01-2024 | full format | 23-10-2024 | 2024-00512474 |
| 31-01-2023 | full format | 31-10-2023 | 2023-00500549 |
| 31-01-2022 | full format | 19-01-2023 | 2023-00002969 |
| 31-01-2021 | full format | 30-11-2021 | 2021-79100100 |
| 31-01-2020 | full format | 22-12-2020 | 2020-76600346 |
| 31-01-2019 | full format | 30-09-2019 | 2019-67900078 |
| 31-01-2018 | full format | 31-08-2018 | 2018-60500224 |
| 31-01-2017 | full format | 31-08-2017 | 2017-59700479 |
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Of the 1,069 active companies whose main activity is manufacture of outerwear (NACE 14210), figures are known for 212. 52 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification
This board is reconstructed from a single act (24134817). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
BARUDY VASQUEZ CONSULTING
CurrentDirector · Private limited company · permanent representative: Gloria Barudy Vasquez
Edouard Vermeulen
CurrentDirector and managing director
Vincent Vanderlinden
CurrentDirector
Barudy Vasquez Consuiting
CurrentDirector · Legal entity · from a recent deed
Day-to-day management 1
Edouard Vermeulen
CurrentDirector and managing director
Permanent representatives 1
Gloria Barudy Vasquez
CurrentPermanent representative · for BARUDY VASQUEZ CONSULTING
Statutory auditor 1
CONSCIUS BEDRIJFSREVISOREN
CurrentStatutory auditor · since 17-06-2024 · permanent representative: Edwin MAES
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
19 of this company's 21 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
5 people since 2024, 5 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Barudy Vasquez Consuitingfrom an act |
|
| BARUDY VASQUEZ CONSULTING |
|
| Edouard Vermeulen |
|
| Vincent Vanderlinden |
|
| CONSCIUS BEDRIJFSREVISOREN |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
4 current directorsThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
30-09
NBB filing
Annual accounts filed
financial year 2026 · full format · 30 days late
2025
30-09
NBB filing
Annual accounts filed
financial year 2025 · full format · 30 days late
2024
23-10
NBB filing
Annual accounts filed
financial year 2024 · full format · 53 days late
18-09
Gazette deed
Reappointments: Edouard Vermeulen, Vincent Vanderlinden and Barudy Vasquez ConsuitingPermanent representative: Gloria Barudy Vasquez5 facts ▸
Gazette deed
Reappointments: Edouard Vermeulen, Vincent Vanderlinden and Barudy Vasquez Consuiting
Permanent representative: Gloria Barudy Vasquez5 facts ▸
- General meeting, 01-06-2024
- Director reappointment, Edouard Vermeulen (director and managing director)
- Director reappointment, Vincent Vanderlinden (director)
- Director reappointment, Barudy Vasquez Consuiting (director)
- Permanent representative, Gloria Barudy Vasquez
17-06
Gazette deed
Appointment: CONSCIUS BEDRIJFSREVISOREN (statutory auditor)Permanent representative: Edwin MAES3 facts ▸
Gazette deed
Appointment: CONSCIUS BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Edwin MAES3 facts ▸
- General meeting, 22-01-2024
- Auditor appointment, CONSCIUS BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Edwin MAES
31-01
Financial
Highest result from 2019 to 2026net €877,833 ▲13.6%
Operating result €1.3m, net result €877,833, both a record.
2023
31-10
NBB filing
Annual accounts filed
financial year 2023 · full format · 61 days late
19-01
NBB filing
Annual accounts filed
financial year 2022 · full format · 141 days late
2022
31-01
Financial
Back to profitnet €45,534
Net result €45,534 after one loss-making year.
2021
30-11
NBB filing
Annual accounts filed
financial year 2021 · full format · 91 days late
31-01
Financial
Weakest financial yearnet -€470,339
Net result drops to -€470,339, the lowest in the series; recovery starts the following year.
2020
22-12
NBB filing
Annual accounts filed
financial year 2020 · full format · 113 days late
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
financial year 2019 · full format · 30 days late
2018
31-08
NBB filing
Annual accounts filed
financial year 2018 · full format
2017
31-08
NBB filing
Annual accounts filed
financial year 2017 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 42 annual accounts filed, the latest 10 are here; all 42 are under Financials.
2 of 21 deeds read
About the unread acts
Of the 21 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded21-12-1983
Financial year end31-01
Activities, NACEBEL 2025
14210Manufacture of outerwear
46412Wholesale of household textiles and bedding
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425123779
Also
9925:BE0425123779
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Elsene · 8 establishment units since 1983
Ground area
4,493 m²
Building footprint
2,960 m²
Building volume
40,456 m³
8 parcels, Brussels, Flanders · tallest building 29.7 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
8 establishment units
Louizalaan 158, 1050 Brussel
since 1983unit no. 2.037.916.847
NATAN
since 1984unit no. 2.037.917.144
NATAN
since 1987unit no. 2.037.917.045
ENTRACTE DE NATAN
since 1987unit no. 2.037.916.946
NATAN
since 2007unit no. 2.179.329.682
NATAN
since 2009unit no. 2.179.329.781
Show 2 more locations
NATAN
since 2018unit no. 2.358.871.635
NATAN
since 2018unit no. 2.358.871.734
8 parcels
Flanders
4
(50%)
Brussels
4
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0348/00D002 | Brussels | 1,863 m² | 1 · 1,293 m² | 10.8 m · 3 |
| 31332E0115/00A000 | Flanders | 840 m² | 1 · 171 m² | 10.0 m · 2 |
| 21447B0309/00R004 | Brussels | 593 m² | 1 · 514 m² | 29.0 m · 9 |
| 11803C1721/00E000 | Flanders | 382 m² | 1 · 352 m² | 21.9 m · 7 |
| 21807G0088/00P002 | Brussels | 335 m² | 1 · 211 m² | 22.2 m · 6 |
| 21804D0265/02C000 | Brussels | 186 m² | 1 · 187 m² | 29.7 m · 8 |
| 36015A0359/00K010 | Flanders | 181 m² | 1 · 96 m² | 11.2 m · 3 |
| 44803C0617/00F003 | Flanders | 113 m² | 1 · 137 m² | 20.6 m · 5 |
How the parcels are linked
Good to know
All 8 parcels match the address exactly.