NATHANEL
Bankruptcy closedInactive since 02-09-2026; last annual accounts for fiscal year 2021.
Summary
NATHANEL was declared bankrupt on 13-07-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 01-09-2026, published in the Belgian State Gazette on 08-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
18 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of clothing and accessories for women, men, children and babies (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€302,768▲ 25.8%
2019 · €240,673
EBIT margin
2.2%▲ 4.9pp
2019 · -2.7%
Net result
-€15,032
2020 · €5,231
Working capital
-€33,154▲ 16.5%
2020 · -€39,702
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2018201920202021
Turnover€237,583-€240,673▲ 1.3%€302,768▲ 25.8%
Operating result-€2,054--€6,462▼ 215%€6,730-€14,010
Net result-€4,932--€8,442▼ 71.2%€5,231within the sector's middle half-€15,032below the sector's middle half
EBIT margin-0.9%--2.7%▼ 1.8pp2.2%▲ 4.9pp
Equity€14,923-€6,481▼ 56.6%€11,712below the sector's middle half▲ 80.7%-€3,320below the sector's middle half
Total assets€135,566-€115,263▼ 15.0%€111,893below the sector's middle half▼ 2.9%€88,467within the sector's middle half▼ 20.9%
Debt€120,643-€108,782▼ 9.8%€100,182▼ 7.9%€91,787▼ 8.4%
Working capital-€33,904--€46,075▼ 35.9%-€39,702below the sector's middle half▲ 13.8%-€33,154below the sector's middle half▲ 16.5%
Solvency11.0%-5.6%▼ 5.4pp10.5%below the sector's middle half▲ 4.8pp-3.8%below the sector's middle half▼ 14.2pp
Current ratio0.64-0.54▼ 0.110.60below the sector's middle half▲ 0.070.55below the sector's middle half▼ 0.05
Return on assets (ROA)-3.6%--7.3%▼ 3.7pp4.7%within the sector's middle half▲ 12.0pp-17.0%below the sector's middle half▼ 21.7pp
Staff (FTE)2-1.5▼ 25.0%1.1below the sector's middle half▼ 26.7%3.2▲ 191%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €14,010 after €6,730 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €88,467
Fixed assets
€47,562 ▼ 7.5%
Current assets
€40,905 ▼ 32.4%
Key figures and ratios
EBITDA
-€3,575▼
2020 · €17,481
Cash flow
-€4,597▼
2020 · €15,982
Quick ratio
0.26▼
2020 · 0.30
Debt to equity
-27.64
Interest coverage
-3.47
Debt ≤ 1 year
€74,059▼
2020 · €100,182
Debt > 1 year
€17,728
Staff costs
€23,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €237,583 | €240,673 | €302,768 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €235,775 | - |
| Remuneration, social security and pensions62 | - | - | - | €23,925 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,172 | €13,934 | €10,751 | €10,435 | ▼ 2.9% |
| Other operating charges640/8 | - | - | - | €2,457 | - |
| Gross operating margin9900 | €42,687 | €44,926 | €45,256 | €22,806 | ▼ 49.6% |
| Operating profit (loss)9901 | -€2,054 | -€6,462 | €6,730 | -€14,010 | ▼ 308% |
| Financial income75/76B | - | - | - | €7 | - |
| Recurring financial income75 | €12 | €62 | - | €7 | - |
| Financial charges65/66B | - | - | - | €1,029 | - |
| Recurring financial charges65 | €2,890 | €2,042 | €1,499 | €1,029 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | -€4,932 | -€8,442 | €5,231 | -€15,032 | ▼ 387% |
| Profit (loss) for the period9904 | -€4,932 | -€8,442 | €5,231 | -€15,032 | ▼ 387% |
| Profit (loss) for the period to be appropriated9905 | -€4,932 | -€8,442 | €5,231 | -€15,032 | ▼ 387% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €135,566 | €115,263 | €111,893 | €88,467 | ▼ 20.9% |
| Fixed assets21/28 | €74,348 | €62,164 | €51,414 | €47,562 | ▼ 7.5% |
| Tangible fixed assets22/27 | €74,348 | €62,164 | €51,414 | €47,562 | ▼ 7.5% |
| Land and buildings22 | - | - | - | €42,239 | - |
| Plant, machinery and equipment23 | - | - | - | €813 | - |
| Furniture and vehicles24 | - | - | - | €4,510 | - |
| Current assets29/58 | €61,217 | €53,098 | €60,480 | €40,905 | ▼ 32.4% |
| Stocks and contracts in progress3 | €35,364 | €36,790 | €30,657 | €21,302 | ▼ 30.5% |
| Stocks30/36 | - | - | - | €21,302 | - |
| Amounts receivable within one year40/41 | - | €704 | - | - | - |
| Cash at bank and in hand54/58 | €25,853 | €15,604 | €29,312 | €19,156 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | €447 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €135,566 | €115,263 | €111,893 | €88,467 | ▼ 20.9% |
| Equity10/15 | €14,923 | €6,481 | €11,712 | -€3,320 | ▼ 128% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Capital10 | - | - | - | €30,000 | - |
| Issued capital100 | - | - | - | €30,000 | - |
| Profit (loss) carried forward14 | -€15,077 | -€23,519 | -€18,288 | -€33,320 | ▼ 82.2% |
| Amounts payable17/49 | €120,643 | €108,782 | €100,182 | €91,787 | ▼ 8.4% |
| Amounts payable after more than one year17 | €25,522 | €9,608 | - | €17,728 | - |
| Financial debts170/4 | - | - | - | €17,728 | - |
| Amounts payable within one year42/48 | €95,121 | €99,174 | €100,182 | €74,059 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,869 | - |
| Trade debts44 | €12,867 | €9,495 | €11,623 | €5,071 | ▼ 56.4% |
| Suppliers440/4 | - | - | - | €5,071 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,382 | - |
| Taxes450/3 | - | - | - | €4,382 | - |
| Other amounts payable47/48 | - | - | - | €59,736 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,932 | -€8,442 | €5,231 | -€15,032 | ▼ 387% |
| + Depreciation and write-downs630 | €14,172 | €13,934 | €10,751 | €10,435 | ▼ 2.9% |
| Operating cash flow (approximation) | €9,240 | €5,492 | €15,982 | -€4,597 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€1,750 | €0 | -€6,583 | - |
| Change in cash | - | -€10,249 | €13,708 | -€10,156 | ▼ 174% |
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
2026
08-09
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 01-09-2026
2023
19-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 13-07-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€15,032
Net result drops to -€15,032, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €5,231
Net result €5,231 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 38 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Herstal
Ground area
174 m²
Building footprint
39 m²
Volume, LiDAR
313 m³
Parcel 62051C0173/00L000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0173/00L000 | Wallonia | 174 m² | 1 · 39 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES BISINELLA RUE MATTEOTTI 34, 4102 OUGREE- |
13-07-2023 → 01-09-2026 |
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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 6,495 companies in sector 47716 we hold annual accounts for 2,440. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47714Retail trade
47715Retail trade
47721Retail sale of footwear
47722Retail trade
47784Retail sale of souvenirs and religious articles
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.