NATIS
ActiveSummary
NATIS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €1.8m. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency65▲+23
Growth57▼-10
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.17 against 0.07 in 2024; short-term debt: 4.7% and cash: 14.1% of total assets), but 60.1% of the assets are financed with debt.
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. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.9%
Return on assets
25.9%
Age of the figures
9 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
70 d early
2023
44 d early
2022
116 d early
2021
24 d late
2020
94 d early
2019
46 d 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 June (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#1 company by total assets in Ham-sur-Heure-Nalinnes, Real estate sector#1 company by equity in Ham-sur-Heure-Nalinnes, Real estate sector
Turnover
€141,453▼ 52.2%
2024 · €295,700
EBIT margin
1281.2%▲ 1271.8pp
2024 · 9.4%
Net result
€1.8m▲ 7,908%
2024 · €22,339
Working capital
€706,600
2024 · -€1.5m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.2m€0.3m▲ 46.8%€0.3m▲ 16.5%€0.3m▼ 2.0%€0.1m▼ 52.2%
Operating result€0.7m€0.03m▼ 95.7%€0.08m▲ 172%€0.03m▼ 65.9%€1.8m▲ 6,446%
Net result€0.9mabove the sector's middle half▲ 374%€0.006mwithin the sector's middle half▼ 99.3%€0.05mabove the sector's middle half▲ 710%€0.02mwithin the sector's middle half▼ 53.0%€1.8mabove the sector's middle half▲ 7,908%
EBIT margin391.0%11.5%▼ 379.5pp26.9%▲ 15.4pp9.4%▼ 17.5pp1281.2%▲ 1271.8pp
Equity€1.5mabove the sector's middle half▲ 92.1%€1.3mabove the sector's middle half▼ 12.8%€1.3mabove the sector's middle half▼ 1.2%€1.1mabove the sector's middle half▼ 14.6%€2.8mabove the sector's middle half▲ 146%
Total assets€6.0mabove the sector's middle half▲ 102%€6.1mabove the sector's middle half▲ 3.2%€5.8mabove the sector's middle half▼ 5.8%€6.7mabove the sector's middle half▲ 16.1%€6.9mabove the sector's middle half▲ 2.9%
Debt€4.2m▲ 96.6%€4.6m▲ 9.1%€4.3m▼ 7.2%€5.4m▲ 26.2%€4.0m▼ 26.6%
Working capital€0.7mabove the sector's middle half-€0.5mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 59.3%-€1.5mbelow the sector's middle half▼ 612%€0.7mabove the sector's middle half
Solvency25.6%within the sector's middle half▼ 1.3pp21.6%within the sector's middle half▼ 3.9pp22.7%within the sector's middle half▲ 1.1pp16.7%within the sector's middle half▼ 6.0pp39.9%within the sector's middle half▲ 23.3pp
Current ratio5.52above the sector's middle half▲ 5.510.10below the sector's middle half▼ 5.420.42within the sector's middle half▲ 0.320.07below the sector's middle half▼ 0.353.17above the sector's middle half▲ 3.10
Return on assets (ROA)14.7%above the sector's middle half▲ 8.4pp0.1%within the sector's middle half▼ 14.6pp0.8%within the sector's middle half▲ 0.7pp0.3%within the sector's middle half▼ 0.5pp25.9%above the sector's middle half▲ 25.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6,446% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.9m
Fixed assets
€5.9m ▼ 11.0%
Current assets
€1.0m ▲ 831%
Equity and liabilities €6.9m
Equity
€2.8m ▲ 146%
Provisions
€161,790 ▼ 3.4%
Debt
€4.0m ▼ 26.6%
Debt's share of the balance-sheet total falls from 80.8% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2024 · €201,236
Cash flow
€1.9m▲
2024 · €195,889
Debt to equity
1.44▼
2024 · 4.85
ROE
64.8%▲
2024 · 2.0%
Interest coverage
67.67▲
2024 · 6.55
Debt ≤ 1 year
€325,631▼
2024 · €1.6m
Debt > 1 year
€3.7m▼
2024 · €3.8m
Income taxes
€184▲
2024 · -€19,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 546 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
4.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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% | 1.0% |
| 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% 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 546 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 52.2% |
| Non-recurring operating income76A | €0.8m | - | €0.08m | - | €1.9m | - |
| Goods, raw materials, services and sundry goods60/61 | €0.08m | €0.03m | €0.1m | €0.08m | €0.06m | ▼ 27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.2% |
| Other operating charges640/8 | €0.02m | €0.03m | €0.02m | €0.02m | €0.04m | ▲ 126% |
| Non-recurring operating charges66A | €0.002m | €433 | - | - | - | - |
| Gross operating margin9900 | €0.9m | €0.2m | €0.3m | €0.2m | €2.0m | ▲ 807% |
| Operating profit (loss)9901 | €0.7m | €0.03m | €0.08m | €0.03m | €1.8m | ▲ 6,446% |
| Financial income75/76B | €0.4m | €80 | - | - | - | - |
| Recurring financial income75 | €0.4m | €80 | - | - | - | - |
| Non-recurring financial income76B | €0.4m | - | - | - | - | - |
| Financial charges65/66B | €0.01m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 6.4% |
| Recurring financial charges65 | €0.01m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €1.1m | €316 | €0.05m | -€0.003m | €1.8m | ▲ 58,459% |
| Transfer from deferred taxes780 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Transfer to deferred taxes680 | €0.2m | - | - | - | - | - |
| Income taxes67/77 | €0.03m | €159 | €0.008m | -€0.02m | €184 | ▲ 101% |
| Profit (loss) for the period9904 | €0.9m | €0.006m | €0.05m | €0.02m | €1.8m | ▲ 7,908% |
| Transfer from tax-exempt reserves789 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Transfer to tax-exempt reserves689 | €0.6m | - | - | - | €1.8m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.02m | €0.06m | €0.04m | -€0.01m | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €6.1m | €5.8m | €6.7m | €6.9m | ▲ 2.9% |
| Fixed assets21/28 | €5.1m | €6.1m | €5.6m | €6.6m | €5.9m | ▼ 11.0% |
| Tangible fixed assets22/27 | €5.1m | €5.3m | €4.9m | €5.8m | €5.1m | ▼ 12.5% |
| Land and buildings22 | €4.4m | €5.2m | €4.8m | €5.8m | €5.1m | ▼ 12.2% |
| Furniture and vehicles24 | €0.06m | €0.001m | €0.001m | €0.001m | €243 | ▼ 54.5% |
| Leasing and similar rights25 | - | €0.1m | €0.08m | €0.06m | €0.04m | ▼ 41.4% |
| Assets under construction and advance payments27 | €0.7m | - | - | - | - | - |
| Financial fixed assets28 | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €0.8m | €0.06m | €0.2m | €0.1m | €1.0m | ▲ 831% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.1m | €0.03m | €0.04m | ▲ 32.1% |
| Trade receivables40 | €0.01m | - | €0.08m | €0.001m | €0.006m | ▲ 315% |
| Other amounts receivable41 | €0.006m | €0.03m | €0.04m | €0.03m | €0.03m | ▲ 16.7% |
| Cash at bank and in hand54/58 | €0.8m | €0.02m | €0.01m | €0.07m | €1.0m | ▲ 1,270% |
| Deferred charges and accrued income490/1 | - | €0.007m | €0.03m | €0.01m | €0.02m | ▲ 56.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €6.1m | €5.8m | €6.7m | €6.9m | ▲ 2.9% |
| Equity10/15 | €1.5m | €1.3m | €1.3m | €1.1m | €2.8m | ▲ 146% |
| Contributions10/11 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Reserves13 | €0.6m | €0.5m | €0.5m | €0.5m | €2.3m | ▲ 358% |
| Tax-exempt reserves132 | €0.6m | €0.5m | €0.5m | €0.5m | €2.3m | ▲ 358% |
| Profit (loss) carried forward14 | €1.0m | €0.8m | €0.8m | €0.6m | €0.4m | ▼ 26.4% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Deferred taxes168 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Amounts payable17/49 | €4.2m | €4.6m | €4.3m | €5.4m | €4.0m | ▼ 26.6% |
| Amounts payable after more than one year17 | €4.1m | €4.0m | €3.9m | €3.8m | €3.7m | ▼ 3.6% |
| Financial debts170/4 | €4.1m | €4.0m | €3.9m | €3.8m | €3.7m | ▼ 3.6% |
| Amounts payable within one year42/48 | €0.2m | €0.6m | €0.4m | €1.6m | €0.3m | ▼ 79.9% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.6% |
| Financial debts43 | - | €0.2m | - | €0.3m | - | - |
| Credit institutions430/8 | - | €0.2m | - | €0.3m | - | - |
| Trade debts44 | - | €0.001m | - | - | - | - |
| Suppliers440/4 | - | €0.001m | - | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €0.8m | - | - |
| Taxes, remuneration and social security45 | - | €0.005m | €159 | - | €0.001m | - |
| Taxes450/3 | - | €0.005m | €159 | - | €0.001m | - |
| Other amounts payable47/48 | €0.05m | €0.2m | €0.2m | €0.4m | €0.2m | ▼ 55.1% |
| Accrued charges and deferred income492/3 | - | €0.01m | €0.01m | €0.02m | €0.002m | ▼ 84.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.006m | €0.05m | €0.02m | €1.8m | ▲ 7,908% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.2% |
| Operating cash flow (approximation) | €1.0m | €0.2m | €0.2m | €0.2m | €1.9m | ▲ 882% |
| Investment in fixed assets (approximation) | - | -€1.1m | €0.3m | -€1.1m | €0.6m | ▲ 152% |
| Change in cash | - | -€0.8m | -€0.009m | €0.06m | €0.9m | ▲ 1,399% |
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
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Highest result since 2018net €1.8m ▲7,908%
Operating result €1.8m, net result €1.8m, both a record.
31-12
Financial
Liquidity times 46current ratio 3.17
Current ratio from 0.07 to 3.17; short-term debt falls from €1.6m to €325,631.
31-12
Financial
Equity above €2mEq €2.8m ▲146%
8 profitable years in a row build equity to €2.8m.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €5,867 ▼99.3%
Net result drops to €5,867, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Liquidity times 1432current ratio 5.52
Current ratio from 0.00 to 5.52; short-term debt falls from €292,961 to €152,681.
31-12
Financial
Equity above €1mEq €1.5m ▲92.1%
4 profitable years in a row build equity to €1.5m.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2009
Ground area
3,916 m²
Building footprint
1,922 m²
Volume, LiDAR
7,549 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NATIS
since 2009unit no. 2.183.668.849
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52040B0333/00K010 | Wallonia | 2,432 m² | 1 · 1,806 m² | 7.7 m · 2 fl. |
| 56452A0645/00A013 | Wallonia | 1,484 m² | 1 · 117 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DAZOGU
BE 1018.662.722
Rijkevorsel · Eq €2,762,727
Floreal-Germinal
BE 0407.760.581
Brussel · Eq €2,762,866
ORTHAID
BE 0429.464.827
Lier · Eq €2,762,941
4CLOUS
BE 0456.952.350
Brugge · Eq €2,754,848
ESPACE KEGELJAN
BE 0871.690.696
Namur · Eq €2,764,553
Of 12,040 companies in this sector we hold annual accounts for 6,007. 3,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820482022
Also
9925:BE0820482022
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.