NATCO
ActiveSummary
The computed 12-month bankruptcy probability of NATCO is 3.4% (moderate). The 2024 annual accounts show negative equity (-€287,429) and a net result of €51,313. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 18940 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.41 in 2023; short-term debt: 39.7% and cash: 12.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-175.5%
Return on assets
31.3%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18940 sector peers (2024).
NBB · sector comparisonPosition among 18940 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
22 d late
2022
on the day
2021
on the day
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51,313
2023 · -€36,103
Working capital
-€28,918▲ 68.5%
2023 · -€91,684
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€67,642▼ 28.0%-€1,339▲ 98.0%€18-€32,182€48,563
Net result-€70,722below the sector's middle half▼ 26.6%-€2,691within the sector's middle half▲ 96.2%-€2,273within the sector's middle half▲ 15.5%-€36,103below the sector's middle half▼ 1,488%€51,313above the sector's middle half
Equity-€313,119below the sector's middle half▼ 29.2%-€314,010below the sector's middle half▼ 0.3%-€316,283below the sector's middle half▼ 0.7%-€336,351below the sector's middle half▼ 6.3%-€287,429below the sector's middle half▲ 14.5%
Total assets€166,389within the sector's middle half▼ 22.8%€115,506within the sector's middle half▼ 30.6%€109,191within the sector's middle half▼ 5.5%€219,774within the sector's middle half▲ 101%€163,817within the sector's middle half▼ 25.5%
Debt€479,508▲ 4.7%€429,516▼ 10.4%€425,474▼ 0.9%€556,125▲ 30.7%€451,246▼ 18.9%
Working capital-€99,095below the sector's middle half▼ 26.5%-€81,823below the sector's middle half▲ 17.4%-€57,294below the sector's middle half▲ 30.0%-€91,684below the sector's middle half▼ 60.0%-€28,918within the sector's middle half▲ 68.5%
Solvency-188.2%below the sector's middle half▼ 75.7pp-271.9%below the sector's middle half▼ 83.7pp-289.7%below the sector's middle half▼ 17.8pp-153.0%below the sector's middle half▲ 136.6pp-175.5%below the sector's middle half▼ 22.4pp
Current ratio0.23below the sector's middle half▼ 0.050.24below the sector's middle half▲ 0.010.48below the sector's middle half▲ 0.240.41below the sector's middle half▼ 0.070.55within the sector's middle half▲ 0.15
Return on assets (ROA)-42.5%below the sector's middle half▼ 16.6pp-2.3%within the sector's middle half▲ 40.2pp-2.1%within the sector's middle half▲ 0.2pp-16.4%below the sector's middle half▼ 14.3pp31.3%above the sector's middle half▲ 47.8pp
Staff (FTE)5.2above the sector's middle half▼ 13.3%12.5▲ 140%14▲ 12.0%13.7▼ 2.1%16.7▲ 21.9%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €48,563 after a loss of €32,182 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163,817
Fixed assets
€127,781 ▼ 18.6%
Current assets
€36,036 ▼ 42.6%
Key figures and ratios
EBITDA
€82,215▲
2023 · -€3,245
Cash flow
€84,965▲
2023 · -€7,166
Quick ratio
0.40▲
2023 · 0.35
Debt to equity
-1.57▲
2023 · -1.65
Interest coverage
12.17▲
2023 · -0.76
Debt ≤ 1 year
€64,954▼
2023 · €154,488
Debt > 1 year
€386,292▼
2023 · €401,638
Income taxes
€595▲
2023 · €585
Staff costs
€219,488▲
2023 · €199,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 317 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,788 | - | - |
| Remuneration, social security and pensions62 | - | €143,679 | €184,102 | €199,759 | €219,488 | ▲ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,591 | €51,932 | €37,059 | €28,937 | €33,652 | ▲ 16.3% |
| Other operating charges640/8 | - | €909 | €1,609 | €1,432 | €1,616 | ▲ 12.9% |
| Non-recurring operating charges66A | - | €70 | €576 | - | - | - |
| Gross operating margin9900 | €121,754 | €195,251 | €223,364 | €197,945 | €303,319 | ▲ 53.2% |
| Operating profit (loss)9901 | -€67,642 | -€1,339 | €18 | -€32,182 | €48,563 | ▲ 251% |
| Financial income75/76B | - | €175 | €2 | €954 | €10,112 | ▲ 960% |
| Recurring financial income75 | €45 | €175 | €2 | €954 | €2,811 | ▲ 195% |
| Non-recurring financial income76B | - | - | - | - | €7,301 | - |
| Financial charges65/66B | - | €1,046 | €1,781 | €4,290 | €6,767 | ▲ 57.7% |
| Recurring financial charges65 | €2,548 | €1,046 | €1,568 | €4,288 | €6,756 | ▲ 57.6% |
| Non-recurring financial charges66B | - | - | €213 | €2 | €11 | ▲ 421% |
| Profit (loss) for the period before taxes9903 | -€70,242 | -€2,210 | -€1,761 | -€35,517 | €51,908 | ▲ 246% |
| Income taxes67/77 | €481 | €481 | €512 | €585 | €595 | ▲ 1.6% |
| Profit (loss) for the period9904 | -€70,722 | -€2,691 | -€2,273 | -€36,103 | €51,313 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | -€70,722 | -€2,691 | -€2,273 | -€36,103 | €51,313 | ▲ 242% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,389 | €115,506 | €109,191 | €219,774 | €163,817 | ▼ 25.5% |
| Fixed assets21/28 | €136,744 | €89,581 | €56,979 | €156,970 | €127,781 | ▼ 18.6% |
| Intangible fixed assets21 | €21,092 | €9,362 | €470 | - | - | - |
| Tangible fixed assets22/27 | €114,808 | €79,375 | €55,664 | €156,126 | €126,936 | ▼ 18.7% |
| Plant, machinery and equipment23 | - | €7,679 | €3,877 | €33,232 | €25,661 | ▼ 22.8% |
| Furniture and vehicles24 | - | €4,480 | €3,651 | €3,676 | €5,970 | ▲ 62.4% |
| Other tangible fixed assets26 | - | €67,216 | €48,136 | €119,218 | €95,306 | ▼ 20.1% |
| Financial fixed assets28 | €845 | €845 | €845 | €845 | €845 | = |
| Current assets29/58 | €29,645 | €25,925 | €52,212 | €62,804 | €36,036 | ▼ 42.6% |
| Stocks and contracts in progress3 | €7,759 | €7,364 | €8,692 | €8,764 | €10,289 | ▲ 17.4% |
| Stocks30/36 | - | €7,364 | €8,692 | €8,764 | €10,289 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €5,410 | €3,820 | €641 | €1,831 | €2,458 | ▲ 34.3% |
| Trade receivables40 | - | €3,820 | €641 | €1,349 | €2,458 | ▲ 82.2% |
| Other amounts receivable41 | - | - | - | €482 | - | - |
| Cash at bank and in hand54/58 | €14,892 | €13,105 | €32,149 | €38,010 | €19,903 | ▼ 47.6% |
| Deferred charges and accrued income490/1 | - | €1,637 | €10,730 | €14,199 | €3,386 | ▼ 76.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,389 | €115,506 | €109,191 | €219,774 | €163,817 | ▼ 25.5% |
| Equity10/15 | -€313,119 | -€314,010 | -€316,283 | -€336,351 | -€287,429 | ▲ 14.5% |
| Contributions10/11 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Profit (loss) carried forward14 | -€387,487 | -€388,378 | -€390,652 | -€426,754 | -€375,441 | ▲ 12.0% |
| Investment grants15 | - | - | - | €16,035 | €13,644 | ▼ 14.9% |
| Amounts payable17/49 | €479,508 | €429,516 | €425,474 | €556,125 | €451,246 | ▼ 18.9% |
| Amounts payable after more than one year17 | €350,768 | €321,768 | €315,968 | €401,638 | €386,292 | ▼ 3.8% |
| Financial debts170/4 | - | - | - | €85,669 | €72,929 | ▼ 14.9% |
| Other amounts payable178/9 | - | €321,768 | €315,968 | €315,968 | €313,363 | ▼ 0.8% |
| Amounts payable within one year42/48 | €128,740 | €107,748 | €109,506 | €154,488 | €64,954 | ▼ 58.0% |
| Current portion of amounts payable after more than one year42 | - | €2,025 | €2,016 | €12,187 | €12,741 | ▲ 4.5% |
| Trade debts44 | €31,179 | €22,029 | €32,600 | €43,957 | €27,098 | ▼ 38.4% |
| Suppliers440/4 | - | €22,029 | €32,600 | €43,957 | €27,098 | ▼ 38.4% |
| Taxes, remuneration and social security45 | - | €29,611 | €24,080 | €34,962 | €25,116 | ▼ 28.2% |
| Taxes450/3 | - | €4,402 | €2,862 | €4,979 | €4,577 | ▼ 8.1% |
| Remuneration and social security454/9 | - | €25,209 | €21,218 | €29,984 | €20,538 | ▼ 31.5% |
| Other amounts payable47/48 | - | €54,084 | €50,810 | €63,381 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,722 | -€2,691 | -€2,273 | -€36,103 | €51,313 | ▲ 242% |
| + Depreciation and write-downs630 | €51,591 | €51,932 | €37,059 | €28,937 | €33,652 | ▲ 16.3% |
| Operating cash flow (approximation) | -€19,131 | €49,241 | €34,786 | -€7,166 | €84,965 | ▲ 1,286% |
| Investment in fixed assets (approximation) | - | -€4,769 | -€4,457 | -€128,928 | -€4,462 | ▲ 96.5% |
| Change in cash | - | -€1,787 | €19,044 | €5,861 | -€18,108 | ▼ 409% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €51,313
Net result €51,313 after 6 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Pieters-Woluwe · 1 establishment unit since 2008
Ground area
593 m²
Building footprint
301 m²
Volume, LiDAR
4,263 m³
2 parcels, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
34
companies at this address
See who is registered here
1 establishment unit
Square espressobar ILLY
since 20082.172.075.270
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0033/00W004indicative | Brussels | 452 m² | 1 · 218 m² | 17.1 m · 5 fl. |
| 21683D0033/00T007 | Brussels | 141 m² | 1 · 82 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Pieters-Woluwe2.172.075.270
Similar companies · same sector and region
02 BARONOMIE
BE 0784.657.645
Sint-Pieters-Woluwe
ANGEL & GT
BE 0741.967.252
Sint-Pieters-Woluwe
APPI-INVEST
BE 0791.754.085
Sint-Pieters-Woluwe
BE-CARIBOU
BE 0536.501.258
Sint-Pieters-Woluwe
BLOEM-FARINE
BE 1001.441.658
Sint-Pieters-Woluwe
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473081470
Also
9925:BE0473081470
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.