NAZ
ActiveThe computed 12-month bankruptcy probability of NAZ is 3.0% (moderate). The 2025 annual accounts show negative equity (€-16k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 13009 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency35▲+2
Growth40=
Stability100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.41 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
-65.4%
Return on assets
-19.4%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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 · 9 filingsDeviation from the deadline
2025
32 d late
2024
7 d early
2023
30 d early
2022
17 d early
2021
32 d early
2020
30 d late
2019
182 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€142k▲ 6.7%
2018 · €133k
2018: €133k
2018 → 2019
EBIT margin
-3.2%▼ 7.1pp
2018 · 3.9%
2018: 3.9%
2018 → 2019
Net result
€-5k▲ 19.0%
2024 · €-6k
2018: €4k
2019: €-6k
2020: €15k
2021: €-15k
2022: €-5k
2023: €7k
2024: €-6k
2018 → 2025
Working capital
€-17k▼ 26.2%
2024 · €-13k
2018: €-11k
2019: €-15k
2020: €1k
2021: €-15k
2022: €-17k
2023: €-9k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€-12k▼ 67.6%€-6k▲ 55.4%€-11k▼ 108%€-16k▼ 42.1%
Operating result€-10k-€-2k▲ 78.5%€10k€-4k€-3k▲ 14.3%
Net result€-15k-€-5k▲ 65.9%€7k€-6k€-5k▲ 19.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€556▼ 70.6%
Current assets
€24k▲ 161%
Key figures and ratios
EBITDA
€-2k▲
2024 · €-2k
Cash flow
€-4k▲
2024 · €-4k
Solvency
-65.4%▲
2024 · -102.1%
Current ratio
0.59▲
2024 · 0.41
Quick ratio
0.59▲
2024 · 0.41
Debt / equity
-2.53▼
2024 · -1.98
ROE
29.6%▼
2024 · 52.0%
ROA
-19.4%▲
2024 · -53.1%
Interest coverage
-1.11▼
2024 · -0.94
Debt
€41k▲
2024 · €23k
Debt ≤ 1 year
€41k▲
2024 · €23k
Staff costs
€33k▼
2024 · €43k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11k€25k▲
Fixed assets21/28€2k€556▼
Tangible fixed assets22/27€2k€556▼
Plant, machinery and equipment23€2k€556▼
Furniture and vehicles24€17€0▼
Current assets29/58€9k€24k▲
Amounts receivable within one year40/41€2k€897▼
Other amounts receivable41€2k€897▼
Cash at bank and in hand54/58€8k€23k▲
Equity and liabilities
Total equity and liabilities10/49€11k€25k▲
Equity10/15€-11k€-16k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-24k€-29k▼
Amounts payable17/49€23k€41k▲
Amounts payable within one year42/48€23k€41k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€669€1k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€19k€35k▲
Income statement
Code20242025
Remuneration, social security and pensions62€43k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€511€370▼
Gross operating margin9900€41k€32k▼
Operating profit (loss)9901€-4k€-3k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-6k€-5k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-29k▼
Profit (loss) brought forward from the previous period14P€-18k€-24k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-15k ▼194%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 182 days late
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 384 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 135 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, Antwerpen · 1 establishment unit since 2016
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.
Sleutelstraat 12000 AntwerpenGround area
72 m²
Building footprint
88 m²
Volume, LiDAR
1,481 m³
Parcel 11804D0866/00E000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NAZ
since 20162.257.271.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0866/00E000 | Flanders | 72 m² | 1 · 88 m² | 18.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteAntwerpen2.257.271.063
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 6,009 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.