Equity
-€2.4m
Debts exceed assets in financial year 2025.
NATHAN SYSTEMS
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €1.1m (2022)
€657,312▲ 5.0%
lowest -€694,481 (2019)
-€299,241▲ €103,233
peak €279,360 (2011)
-€2.4m▼ €299,241
€2.6m▲ 12.4%
peak 13 FTE (2010)
8.2 FTE▼ 7.9%
Board3 names since 2018
3 directors and 2 others
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Loss of €299,241Equity from -€2.1m to -€2.4mCash from €12,185 to €3,572
Key points
from the 2025 annual accountsLosses
-€755,333 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€2.6m 1,324% of the balance sheet
Suppliers 55%Taxes and wages 4%Other 41%
Of this, €2.6m falls due within a year.
Staff
8.2 FTE from 13 in 2010
Between 2010 and 2025, 37% of the full-time equivalents disappeared.
Filings
32 annual accounts since 1994
The last five annual accounts were filed 0 to 34 days before the end of the period.
Position in the sector
-1223.6%
Lower solvency than 95% of companies in wholesale trade. Sector median 44.1% · 10,745 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,635 companies had the same profile as NATHAN SYSTEMS has now. Each dot stands for 17 companies, two years later.
84.3%
were still trading
10.2%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 6,635 companies, not a prediction for NATHAN SYSTEMS. 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.
Credit verdict
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Signals
Board and ownership
Director, since 22-02-2024
Director, since 22-02-2024
Director, since 22-02-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0450269149
Reappointments: (director) and (director)
Director discharge: · Director discharge: · General meeting of 22-02-2024 · Gazette deed
Reappointments: (managing director) and (director)
General meeting of 15-06-2018 · Gazette deed
Company renamed from NATHAN IMPORT - EXPORT to NATHAN SYSTEMS
General meeting of 30-11-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NATHAN SYSTEMS Zaventem | - | - | -1223.6% | 8.2 |
| AA & O Aalst | - | - | 20.7% | 8.1 |
| MARTENS PLASTICS Mol | €0.5m | 9.9% | 79.0% | 4 |
| CONDAIR Holsbeek | €1.1m | 5.7% | 41.0% | 7.6 |
| Société Commerciale Sovac Overijse | - | - | 31.8% | 6.6 |
| MAISON TIHON-FENENDAEL-VAN MELLE Fexhe-le-Haut-Clocher | - | - | 63.6% | 4.4 |
| TECE Belgium Antwerp | - | - | -441.6% | 4 |
These companies have the same main activity as NATHAN SYSTEMS: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €288,000 and €792,000, founded between 1982 and 2009.
Official details
Source: KBO- Status
- Active since 07-06-1993Normal situation
- Activity
- Wholesale tradeNACE 46842and 2 others
- Establishment unit
- 2.062.778.6401932 Zaventem, since 30-08-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 28-01-2026
Annual accounts 2025
- ≈ €3.3mestimated
- €197,659▼ 4.6%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on NATHAN SYSTEMS
NATHAN SYSTEMS files the abbreviated format. That format states no turnover. The gross margin rose from €631,709 in 2006 to €657,312 in 2025.
The balance sheet grew most from 2011 to 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NATHAN SYSTEMS
- What is the company number of NATHAN SYSTEMS?
- The company number of NATHAN SYSTEMS is 0450.269.149. The VAT number is the same number with BE in front: BE 0450.269.149.
- Where is NATHAN SYSTEMS based?
- The registered office is at Lozenberg 4, 1932 Zaventem.Company details
- What does NATHAN SYSTEMS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of NATHAN SYSTEMS?
- NATHAN SYSTEMS is a public limited company (NV).
- When was NATHAN SYSTEMS founded?
- NATHAN SYSTEMS was founded on 07-06-1993.
- Is NATHAN SYSTEMS still active?
- Yes, NATHAN SYSTEMS is an active enterprise in the KBO register.
- How many employees does NATHAN SYSTEMS have?
- NATHAN SYSTEMS had an average of 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of NATHAN SYSTEMS?
- The turnover in financial year 2025 is ≈ €3.3m. This figure is estimated from the gross margin of €657,312 and 139 comparable companies (NACE 46). It probably lies between €2.1m and €5.7m.
- Is NATHAN SYSTEMS profitable?
- In financial year 2025, NATHAN SYSTEMS made a loss of €299,241.
- Where can I find the annual accounts of NATHAN SYSTEMS?
- NATHAN SYSTEMS filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NATHAN SYSTEMS due?
- NATHAN SYSTEMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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