NAZHIA
ActiveSummary
The computed 12-month bankruptcy probability of NAZHIA is 3.5% (moderate). The 2024 annual accounts show equity of €121k and a net result of €2k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 862 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency32▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.95 in 2023; short-term debt: 42.5% and cash: 20.4% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 13% of 862 sector peers (2024).
NBB · sector comparisonPosition among 862 sector peers
Solvency
better than 13%
← weakest
strongest →
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 04-07-2025, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
21 d early
2022
73 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 85.4%
2023 · €15k
2022: €-5klowest in 3 years
2023: €15k▲ +384% vs 2022highest in 3 years
2024: €2k▼ -85.4% vs 2023
2022 → 2024
Working capital
€-33k▲ 18.9%
2023 · €-40k
2022: €41khighest in 3 years
2023: €-40k▼ -198% vs 2022lowest in 3 years
2024: €-33k▲ +18.9% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€65k-€126k▲ 93.9%€121k▼ 4.1%
2022: €65klowest in 3 years
2023: €126k▲ +93.9% vs 2022highest in 3 years
2024: €121k▼ -4.1% vs 2023
Operating result€27k-€48k▲ 80.6%€43k▼ 11.2%
2022: €27klowest in 3 years
2023: €48k▲ +80.6% vs 2022highest in 3 years
2024: €43k▼ -11.2% vs 2023
Net result€-5k-€15k€2k▼ 85.4%
2022: €-5klowest in 3 years
2023: €15k▲ +384% vs 2022highest in 3 years
2024: €2k▼ -85.4% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.03M ▼ 17.4%
Current assets
€702k ▼ 3.2%
Equity and liabilities €1.73M
Equity
€121k ▼ 4.1%
Debt
€1.61M ▼ 12.7%
Debt's share of the balance-sheet total falls from 93.6% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€281k▼
2023 · €283k
Cash flow
€240k▼
2023 · €251k
Current ratio
0.96▲
2023 · 0.95
Quick ratio
0.92▼
2023 · 0.93
Debt to equity
13.28▼
2023 · 14.58
ROE
1.9%▼
2023 · 12.3%
ROA
0.1%▼
2023 · 0.8%
Interest coverage
6.54▼
2023 · 7.60
Debt ≤ 1 year
€734k▼
2023 · €765k
Debt > 1 year
€871k▼
2023 · €1.07M
Income taxes
€6k▲
2023 · €5k
Staff costs
€894k▲
2023 · €765k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.96M€1.73M▼
Fixed assets21/28€1.24M€1.03M▼
Intangible fixed assets21€162k€140k▼
Tangible fixed assets22/27€1.08M€885k▼
Plant, machinery and equipment23€272k€184k▼
Furniture and vehicles24€20k€10k▼
Leasing and similar rights25€189k€152k▼
Other tangible fixed assets26€597k€539k▼
Current assets29/58€725k€702k▼
Stocks and contracts in progress3€14k€24k▲
Stocks30/36€14k€24k▲
Amounts receivable within one year40/41€325k€301k▼
Trade receivables40€270k€244k▼
Other amounts receivable41€55k€57k▲
Cash at bank and in hand54/58€361k€352k▼
Deferred charges and accrued income490/1€24k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.96M€1.73M▼
Equity10/15€126k€121k▼
Contributions10/11€71k€71k=
Reserves13€10k€12k▲
Distributable reserves133€10k€12k▲
Investment grants15€46k€38k▼
Amounts payable17/49€1.84M€1.61M▼
Amounts payable after more than one year17€1.07M€871k▼
Financial debts170/4€865k€659k▼
Other amounts payable178/9€208k€212k▲
Amounts payable within one year42/48€765k€734k▼
Current portion of amounts payable after more than one year42€207k€212k▲
Financial debts43€30k-
Credit institutions430/8€30k-
Trade debts44€348k€417k▲
Suppliers440/4€348k€417k▲
Advances received on contracts in progress46€26k€1k▼
Taxes, remuneration and social security45€154k€104k▼
Taxes450/3€41k€27k▼
Remuneration and social security454/9€113k€78k▼
Accrued charges and deferred income492/3€818€410▼
Income statement
Code20232024
Non-recurring operating income76A€46k€4k▼
Remuneration, social security and pensions62€765k€894k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235k€238k▲
Other operating charges640/8€15k€23k▲
Non-recurring operating charges66A€30k€175▼
Gross operating margin9900€1.09M€1.20M▲
Operating profit (loss)9901€48k€43k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€37k€43k▲
Recurring financial charges65€37k€43k▲
Profit (loss) for the period before taxes9903€20k€8k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€2k▼
Profit (loss) brought forward from the previous period14P€-5k-
Transfer to equity691/2€10k€2k▼
To other reserves6921€10k€2k▼
Social balance
Average headcount (FTE)908718.221.5▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €284 | €46k | €4k | ▼ 90.8% |
| Remuneration, social security and pensions62 | €450k | €765k | €894k | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119k | €235k | €238k | ▲ 1.1% |
| Other operating charges640/8 | €2k | €15k | €23k | ▲ 47.7% |
| Non-recurring operating charges66A | €11k | €30k | €175 | ▼ 99.4% |
| Gross operating margin9900 | €608k | €1.09M | €1.20M | ▲ 9.5% |
| Operating profit (loss)9901 | €27k | €48k | €43k | ▼ 11.2% |
| Financial income75/76B | €14 | €9k | €8k | ▼ 11.0% |
| Recurring financial income75 | €14 | €9k | €8k | ▼ 11.0% |
| Financial charges65/66B | €29k | €37k | €43k | ▲ 15.0% |
| Recurring financial charges65 | €29k | €37k | €43k | ▲ 15.0% |
| Profit (loss) for the period before taxes9903 | €-2k | €20k | €8k | ▼ 59.9% |
| Income taxes67/77 | €3k | €5k | €6k | ▲ 26.7% |
| Profit (loss) for the period9904 | €-5k | €15k | €2k | ▼ 85.4% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €15k | €2k | ▼ 85.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.62M | €1.96M | €1.73M | ▼ 12.1% |
| Fixed assets21/28 | €1.22M | €1.24M | €1.03M | ▼ 17.4% |
| Intangible fixed assets21 | €185k | €162k | €140k | ▼ 13.7% |
| Tangible fixed assets22/27 | €1.03M | €1.08M | €885k | ▼ 17.9% |
| Plant, machinery and equipment23 | €345k | €272k | €184k | ▼ 32.3% |
| Furniture and vehicles24 | €30k | €20k | €10k | ▼ 51.1% |
| Leasing and similar rights25 | - | €189k | €152k | ▼ 19.4% |
| Other tangible fixed assets26 | €660k | €597k | €539k | ▼ 9.8% |
| Current assets29/58 | €400k | €725k | €702k | ▼ 3.2% |
| Stocks and contracts in progress3 | €14k | €14k | €24k | ▲ 78.3% |
| Stocks30/36 | €14k | €14k | €24k | ▲ 78.3% |
| Amounts receivable within one year40/41 | €125k | €325k | €301k | ▼ 7.5% |
| Trade receivables40 | €49k | €270k | €244k | ▼ 9.5% |
| Other amounts receivable41 | €76k | €55k | €57k | ▲ 2.0% |
| Cash at bank and in hand54/58 | €244k | €361k | €352k | ▼ 2.6% |
| Deferred charges and accrued income490/1 | €17k | €24k | €24k | ▲ 1.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.62M | €1.96M | €1.73M | ▼ 12.1% |
| Equity10/15 | €65k | €126k | €121k | ▼ 4.1% |
| Contributions10/11 | €71k | €71k | €71k | = |
| Reserves13 | - | €10k | €12k | ▲ 22.6% |
| Distributable reserves133 | - | €10k | €12k | ▲ 22.6% |
| Profit (loss) carried forward14 | €-5k | - | - | - |
| Investment grants15 | - | €46k | €38k | ▼ 16.4% |
| Amounts payable17/49 | €1.55M | €1.84M | €1.61M | ▼ 12.7% |
| Amounts payable after more than one year17 | €1.19M | €1.07M | €871k | ▼ 18.8% |
| Financial debts170/4 | €902k | €865k | €659k | ▼ 23.8% |
| Other amounts payable178/9 | €293k | €208k | €212k | ▲ 1.9% |
| Amounts payable within one year42/48 | €360k | €765k | €734k | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €133k | €207k | €212k | ▲ 2.0% |
| Financial debts43 | - | €30k | - | - |
| Credit institutions430/8 | - | €30k | - | - |
| Trade debts44 | €125k | €348k | €417k | ▲ 19.9% |
| Suppliers440/4 | €125k | €348k | €417k | ▲ 19.9% |
| Advances received on contracts in progress46 | €28k | €26k | €1k | ▼ 94.3% |
| Taxes, remuneration and social security45 | €74k | €154k | €104k | ▼ 32.1% |
| Taxes450/3 | €13k | €41k | €27k | ▼ 33.9% |
| Remuneration and social security454/9 | €61k | €113k | €78k | ▼ 31.5% |
| Accrued charges and deferred income492/3 | €394 | €818 | €410 | ▼ 49.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €15k | €2k | ▼ 85.4% |
| + Depreciation and write-downs630 | €119k | €235k | €238k | ▲ 1.1% |
| Operating cash flow (approximation) | €113k | €251k | €240k | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | €-256k | €-23k | ▲ 91.1% |
| Change in cash | - | €118k | €-9k | ▼ 108% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Equity above €100kEq €126k ▲93.9%
Equity rises from €65k to €126k.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wezembeek-Oppem · 3 establishment units since 2021
Ground area
2,064 m²
Building footprint
459 m²
Volume, LiDAR
3,351 m³
3 parcels, Brussels, Flanders · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
NAZHIA
since 20212.318.127.081
NAZHIA
since 20222.331.776.169
NAZHIA
since 20252.379.209.862
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22302D0270/00T000 | Flanders | 1,731 m² | 1 · 277 m² | 6.7 m · 1 fl. |
| 21447B0275/00G000 | Brussels | 210 m² | 1 · 60 m² | 18.4 m · 5 fl. |
| 21683D0046/00C002 | Brussels | 122 m² | 1 · 122 m² | 20.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
3 sitesWezembeek-Oppem2.318.127.081
Elsene2.331.776.169
Sint-Pieters-Woluwe2.379.209.862
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,591 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.