Result
€55,374 ▲ 24×
The result rose in 2025 from €2,269 to €55,374.
NAZHIA
Lifetime
4 annual accounts with figures on one time axispeak €1.4m (2025)
€1.4m▲ 18.1%
lowest -€5,457 (2022)
€55,374▲ 24×
peak €126,143 (2023)
€115,789▼ 4.2%
€1.8m▲ 13.2%
peak 25 FTE (2025)
25 FTE▲ 16.3%
Board1 name since 2021
1 director
Owners
99%
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €1.2m to €1.4mResult from €2,269 to €55,374Staff from 21.5 FTE to 25 FTE1 establishment registeredInvestments €554,819
Key points
from the 2025 annual accountsTurnover
≈ €2.4m estimated
The accounts state no turnover.
Debts
€1.8m 94% of the balance sheet
Financial debts 44%Suppliers 23%Taxes and wages 7%Other 27%
€989,766 of the debts are secured on the company's own assets. In 2022 that was €1.0m.
Investments
€554,819 2.5 × depreciation
Green is investment, beige is depreciation.
Staff
42 employees on 31-12-2025
In 2025, 30 people joined and 19 left.
Position in the sector
6.0%
Lower solvency than 85% of companies in food products. Sector median 35.1% · 1,082 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,603 companies had the same profile as NAZHIA has now. Each dot stands for 5 companies, two years later.
96.0%
were still trading
1.8%
stopped another way
1.9%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,603 companies, not a prediction for NAZHIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director,
- 99%score equity €1.1m (2025) · 2025 annual accounts of
- consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769353025
New establishment in Woluwe-Saint-Pierre
Kerkstraat 120-122
New establishment in Ixelles
Waterloose Steenweg 656
First establishment
Mechelsesteenweg 267, Wezembeek-Oppem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NAZHIA Wezembeek-Oppem | €1.9m | €1.4m | 6.0% | 25 |
| VDS BAKERY Knokke-Heist | €1.8m | €1.6m | 5.2% | 26.4 |
| LA BOULANGERIE BELGE ET BIO Fernelmont | €1.8m | €1.3m | 30.5% | 24.4 |
| Atelier Decramer Poperinge | €2.0m | €1.6m | 4.1% | 23.5 |
| Bakkerij Gielen Oudsbergen | €1.9m | €1.4m | 44.6% | 20 |
| BROODWAEYS Oudenaarde | €1.5m | €1.2m | 17.1% | 22.2 |
| TJOVAN Ninove | €2.1m | €1.7m | 27.9% | 19.7 |
These companies have the same main activity as NAZHIA: artisanal bread and fresh pastry making (NACE 10712). They are comparable in size and age: total assets between €1.5m and €2.1m, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 04-06-2021Normal situation
- Activity
- Artisanal bread and fresh pastry makingNACE 10712and 5 others
- Joint committees
- 118Food industry
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.318.127.0811970 Wezembeek-Oppem, since 11-06-2021
- 2.331.776.1691050 Ixelles, since 02-06-2022and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- €1.9m▲ 12.0%
- Employeeson 31-12-2025
- 42▲ 13.5%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on NAZHIA
NAZHIA files the abbreviated format. That format states no turnover. The gross margin rose from €607,929 in 2022 to €1.4m in 2025.
holds 99% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NAZHIA
- What is the company number of NAZHIA?
- The company number of NAZHIA is 0769.353.025. The VAT number is the same number with BE in front: BE 0769.353.025.
- Where is NAZHIA based?
- The registered office is at Mechelsesteenweg 267, 1970 Wezembeek-Oppem.Company details
- What does NAZHIA do?
- According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
- What is the legal form of NAZHIA?
- NAZHIA is a private limited company (BV).
- When was NAZHIA founded?
- NAZHIA was founded on 04-06-2021.
- Is NAZHIA still active?
- Yes, NAZHIA is an active enterprise in the KBO register.
- How many employees does NAZHIA have?
- NAZHIA had an average of 25 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NAZHIA fall under?
- In its 2025 annual accounts, NAZHIA states joint committees 118 (Food industry) and 201 (Independent retail).
- What is the turnover of NAZHIA?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €1.4m and 1,585 comparable companies of the same size. It probably lies between €1.6m and €4.0m. It is a rough estimate.
- Is NAZHIA profitable?
- In financial year 2025, NAZHIA made a profit of €55,374.
- Where can I find the annual accounts of NAZHIA?
- NAZHIA filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NAZHIA due?
- NAZHIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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