NATO
ActiveThe computed 12-month bankruptcy probability of NATO is 1.7% (moderate). The 2024 annual accounts show equity of €96k and a net result of €46k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 26052 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+15
Solvency58▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.9 against 2.46 in 2023; short-term debt: 27.1% and cash: 23.6% of total assets), but 67.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 30-07-2025, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€96k▲ 89.6%
2023 · €51k
2019: €23k
2020: €33k
2021: €40k
2022: €41k
2023: €51k
2019 → 2024
Total assets
€294k▲ 12.3%
2023 · €261k
2019: €310k
2020: €278k
2021: €281k
2022: €276k
2023: €261k
2019 → 2024
Net result
€46k▲ 223%
2023 · €14k
2019: €3k
2020: €10k
2021: €8k
2022: €848
2023: €14k
2019 → 2024
Working capital
€151k▲ 38.6%
2023 · €109k
2019: €75k
2020: €94k
2021: €110k
2022: €100k
2023: €109k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€40k▲ 24.2%€41k▲ 2.1%€51k▲ 23.3%€96k▲ 89.6%
Operating result€10k-€18k▲ 81.8%€8k▼ 58.0%€27k▲ 251%€70k▲ 164%
Net result€10k-€8k▼ 21.0%€848▼ 89.2%€14k▲ 1,563%€46k▲ 223%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 164% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €294k
Fixed assets
€63k▼ 18.9%
Current assets
€230k▲ 25.5%
Equity and liabilities €294k
Equity
€96k▲ 89.6%
Debt
€197k▼ 6.4%
The debt ratio falls from 80.5% to 67.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▲
2023 · €45k
Cash flow
€64k▲
2023 · €32k
Solvency
32.9%▲
2023 · 19.5%
Current ratio
2.90▲
2023 · 2.46
Quick ratio
2.19▲
2023 · 1.68
Debt / equity
2.04▼
2023 · 4.14
ROE
47.3%▲
2023 · 27.7%
ROA
15.5%▲
2023 · 5.4%
Interest coverage
9.24▲
2023 · 5.68
Debt
€197k▼
2023 · €211k
Debt ≤ 1 year
€80k▲
2023 · €75k
Debt > 1 year
€117k▼
2023 · €135k
Income taxes
€19k▲
2023 · €8k
Staff costs
€5k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€261k€294k▲
Fixed assets21/28€78k€63k▼
Intangible fixed assets21€61k€48k▼
Tangible fixed assets22/27€17k€15k▼
Plant, machinery and equipment23€11k€11k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€184k€230k▲
Amounts receivable after more than one year29€50k€50k=
Other amounts receivable291€50k€50k=
Stocks and contracts in progress3€58k€56k▼
Stocks30/36€58k€56k▼
Amounts receivable within one year40/41€46k€53k▲
Trade receivables40€3k€3k▼
Other amounts receivable41€43k€50k▲
Cash at bank and in hand54/58€26k€69k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€261k€294k▲
Equity10/15€51k€96k▲
Contributions10/11€20k€20k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€18k€64k▲
Amounts payable17/49€211k€197k▼
Amounts payable after more than one year17€135k€117k▼
Financial debts170/4€135k€117k▼
Amounts payable within one year42/48€75k€80k▲
Current portion of amounts payable after more than one year42€19k€19k▼
Trade debts44€28k€31k▲
Suppliers440/4€28k€31k▲
Taxes, remuneration and social security45€23k€29k▲
Taxes450/3€23k€28k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€792€776▼
Income statement
Code20232024
Remuneration, social security and pensions62€6k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€52k€95k▲
Operating profit (loss)9901€27k€70k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€22k€65k▲
Income taxes67/77€8k€19k▲
Profit (loss) for the period9904€14k€46k▲
Profit (loss) for the period to be appropriated9905€14k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€64k▲
Profit (loss) brought forward from the previous period14P€9k€18k▲
Profit to be distributed694/7€5k-
Directors or managers695€5k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €46k ▲223%
Operating result €70k, net result €46k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €848 ▼89.2%
Net result drops to €848, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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-Niklaas · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prinses Jos.-Charlottelaan 439100 Sint-NiklaasGround area
628 m²
Building footprint
176 m²
Volume, LiDAR
1,485 m³
2 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NATO
since 20182.281.750.695
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0634/00N002 | Flanders | 580 m² | 1 · 129 m² | 11.2 m · 2 fl. |
| 12025D0014/00A000 | Flanders | 48 m² | 1 · 48 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,729 companies in sector 47742 we hold annual accounts for 1,138. 998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2018
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.