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NAZAR EXPORT

Active
Private limited companyfounded 20196 yrs activeGeorges Moreaustraat 53, 1070 Anderlecht, BelgiumKBO/BCE: BE 0738.655.295
Summary

The computed 12-month bankruptcy probability of NAZAR EXPORT is 6.1% (elevated). The 2024 annual accounts show negative equity (-€8,905) and a net result of €1,265. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 10% of 15872 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability67▼-33
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.43 in 2023; short-term debt: 184.2% and cash: 18.6% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
-84.2%
Return on assets
12%
Age of the figures
21 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 15872 sector peers (2024).
NBB · sector comparison
Position among 15872 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
118 d late
2023
6 d early
2022
360 d late
2021
725 d late
2020
1089 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 457 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 December 2019, NAZAR EXPORT was incorporated as a Private limited company.1 Total assets went from EUR 17,043 in 2020 to EUR 10,573 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€8,905▲ 12.4%
2023 · -€10,170
Total assets
€10,573▲ 39.0%
2023 · €7,604
Net result
€1,265▼ 50.8%
2023 · €2,572
Working capital
-€8,905▲ 12.4%
2023 · -€10,170
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20202021202220232024
Operating result-€8,764--€4,856▲ 44.6%-€1,637▲ 66.3%€2,725€1,419▼ 47.9%
Net result-€8,883below the sector's middle half--€5,068below the sector's middle half▲ 42.9%-€1,790within the sector's middle half▲ 64.7%€2,572within the sector's middle half€1,265within the sector's middle half▼ 50.8%
Equity-€5,883below the sector's middle half--€10,952below the sector's middle half▼ 86.1%-€12,742below the sector's middle half▼ 16.3%-€10,170below the sector's middle half▲ 20.2%-€8,905below the sector's middle half▲ 12.4%
Total assets€17,043below the sector's middle half-€16,010below the sector's middle half▼ 6.1%€14,289below the sector's middle half▼ 10.8%€7,604below the sector's middle half▼ 46.8%€10,573below the sector's middle half▲ 39.0%
Debt€22,927-€26,962▲ 17.6%€27,031▲ 0.3%€17,774▼ 34.2%€19,478▲ 9.6%
Working capital-€13,607below the sector's middle half--€16,043below the sector's middle half▼ 17.9%-€15,201below the sector's middle half▲ 5.3%-€10,170below the sector's middle half▲ 33.1%-€8,905below the sector's middle half▲ 12.4%
Solvency-34.5%below the sector's middle half--68.4%below the sector's middle half▼ 33.9pp-89.2%below the sector's middle half▼ 20.8pp-133.7%below the sector's middle half▼ 44.6pp-84.2%below the sector's middle half▲ 49.5pp
Current ratio0.41below the sector's middle half-0.40below the sector's middle half=0.44below the sector's middle half▲ 0.030.43below the sector's middle half▼ 0.010.54below the sector's middle half▲ 0.12
Return on assets (ROA)-52.1%below the sector's middle half--31.7%below the sector's middle half▲ 20.5pp-12.5%below the sector's middle half▲ 19.1pp33.8%above the sector's middle half▲ 46.3pp12.0%within the sector's middle half▼ 21.9pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
-€10,000-€5,000€0€5,000Operating result 2020: -€8,764-€8,764Net result 2020: -€8,883-€8,883Operating result 2021: -€4,856-€4,856Net result 2021: -€5,068-€5,068Operating result 2022: -€1,637-€1,637Net result 2022: -€1,790-€1,790Operating result 2023: €2,725€2,725Net result 2023: €2,572€2,572Operating result 2024: €1,419€1,419Net result 2024: €1,265€1,26520202021202220232024-€2,000€0€2,000Operating result 2022: -€1,637-€1,640Net result 2022: -€1,790-€1,790Operating result 2023: €2,725€2,720Net result 2023: €2,572€2,570Operating result 2024: €1,419€1,420Net result 2024: €1,265€1,270202220232024
The operating result falls in 2024; 2024 is 48% below 2023.
Key figures and ratios
2024 value · change against 2023
Quick ratio
0.10▲
2023 · 0.08
Debt to equity
-2.19▼
2023 · -1.75
Debt ≤ 1 year
€19,478▲
2023 · €17,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.3% went bankrupt
5.6% stopped otherwise
89% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 6.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€7,604€10,573▲
Current assets29/58€7,604€10,573▲
Stocks and contracts in progress3€6,173€8,610▲
Stocks30/36€6,173€8,610▲
Amounts receivable within one year40/41€255-
Trade receivables40€255-
Cash at bank and in hand54/58€1,176€1,963▲
Equity and liabilities
Total equity and liabilities10/49€7,604€10,573▲
Equity10/15-€10,170-€8,905▲
Contributions10/11€3,000€3,000=
Capital10€3,000€3,000=
Issued capital100€3,000€3,000=
Profit (loss) carried forward14-€13,170-€11,905▲
Amounts payable17/49€17,774€19,478▲
Amounts payable within one year42/48€17,774€19,478▲
Trade debts44-€197
Suppliers440/4-€197
Taxes, remuneration and social security45€1,774€280▼
Taxes450/3€1,774€280▼
Other amounts payable47/48€16,000€19,000▲
Income statement Code20232024
Non-recurring operating income76A€5,441-
Other operating charges640/8€1,063€1,886▲
Gross operating margin9900€3,788€3,304▼
Operating profit (loss)9901€2,725€1,419▼
Financial charges65/66B€153€153=
Recurring financial charges65€153€153=
Profit (loss) for the period before taxes9903€2,572€1,265▼
Profit (loss) for the period9904€2,572€1,265▼
Profit (loss) for the period to be appropriated9905€2,572€1,265▼
Appropriation of the result
Profit (loss) to be appropriated9906-€13,170-€11,905▲
Profit (loss) brought forward from the previous period14P-€15,742-€13,170▲
Line20202021202220232024Change
Non-recurring operating income76A-€2,255-€5,441--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,633€2,633€2,633---
Other operating charges640/8€2,306€781€398€1,063€1,886▲ 77.4%
Gross operating margin9900-€3,825-€1,443€1,394€3,788€3,304▼ 12.8%
Operating profit (loss)9901-€8,764-€4,856-€1,637€2,725€1,419▼ 47.9%
Financial income75/76B-€17----
Recurring financial income75-€17----
Financial charges65/66B€119€229€153€153€153=
Recurring financial charges65€119€229€153€153€153=
Profit (loss) for the period before taxes9903-€8,883-€5,068-€1,790€2,572€1,265▼ 50.8%
Profit (loss) for the period9904-€8,883-€5,068-€1,790€2,572€1,265▼ 50.8%
Profit (loss) for the period to be appropriated9905-€8,883-€5,068-€1,790€2,572€1,265▼ 50.8%
Line20202021202220232024Change
Assets
Total assets20/58€17,043€16,010€14,289€7,604€10,573▲ 39.0%
Fixed assets21/28€7,724€5,091€2,459---
Tangible fixed assets22/27€7,724€5,091€2,459---
Furniture and vehicles24€7,724€5,091€2,459---
Current assets29/58€9,319€10,919€11,830€7,604€10,573▲ 39.0%
Stocks and contracts in progress3€7,441€8,201€9,332€6,173€8,610▲ 39.5%
Stocks30/36€7,441€8,201€9,332€6,173€8,610▲ 39.5%
Amounts receivable within one year40/41---€255--
Trade receivables40---€255--
Cash at bank and in hand54/58€1,095€2,169€2,498€1,176€1,963▲ 66.9%
Deferred charges and accrued income490/1€783€550----
Equity and liabilities
Total equity and liabilities10/49€17,043€16,010€14,289€7,604€10,573▲ 39.0%
Equity10/15-€5,883-€10,952-€12,742-€10,170-€8,905▲ 12.4%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Capital10€3,000€3,000€3,000€3,000€3,000=
Issued capital100€3,000€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14-€8,883-€13,952-€15,742-€13,170-€11,905▲ 9.6%
Amounts payable17/49€22,927€26,962€27,031€17,774€19,478▲ 9.6%
Amounts payable within one year42/48€22,927€26,962€27,031€17,774€19,478▲ 9.6%
Trade debts44€552---€197-
Suppliers440/4€552---€197-
Taxes, remuneration and social security45€3,374€3,962€4,031€1,774€280▼ 84.2%
Taxes450/3€3,374€3,962€4,031€1,774€280▼ 84.2%
Other amounts payable47/48€19,000€23,000€23,000€16,000€19,000▲ 18.8%
Line20202021202220232024Change
Profit (loss) for the period9904-€8,883-€5,068-€1,790€2,572€1,265▼ 50.8%
+ Depreciation and write-downs630€2,633€2,633€2,633---
Operating cash flow (approximation)-€6,251-€2,436€842€2,572€1,265▼ 50.8%
Investment in fixed assets (approximation)-€0€0---
Change in cash-€1,073€330-€1,322€787▲ 160%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
25-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 360 days late
25-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 725 days late
24-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 1089 days late
2023
31-12
Financial Back to profitnet €2,572
Net result €2,572 after 3 loss-making years.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Anderlecht · 2 establishment units since 2020
seat establishment All 2 establishment units on the map
Ground area
293 m²
Building footprint
57 m²
Volume, LiDAR
574 m³
2 parcels, Brussels, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
NAZAR EXPORT
Georges Moreaustraat 53, 1070 AnderlechtAgents in non-specialised wholesale trade
since 20202.309.602.167
Rue du Louvy 7, 6060 Charleroi
Retail trade
since 20232.349.901.412
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21305C0264/00H019 Brussels 198 m² - -
52342A0559/00X003 Wallonia 95 m² 1 · 57 m² 12.4 m · 3 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 and region

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 1,743 companies in sector 46150 we hold annual accounts for 758. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
47559Retail sale of other household articles
47553Retail trade
E-invoicing
Not found in the Peppol register

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.