Summary
NBCF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €348,968 and a net result of -€152,942. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 5565 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
30 d late
2023
103 d early
2022
152 d early
2021
114 d early
2020
19 d early
2019
174 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 74 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€348,968▼ 30.5%
2024 · €501,909
Net result
-€152,942
2024 · €108,400
Total assets
€1.1m▲ 39.4%
2024 · €780,250
Solvency
32.1%▼ 32.2pp
2024 · 64.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Turnover€511,604▲ 0.2%€571,201▲ 11.6%€780,245▲ 36.6%
Operating result€434,179▲ 0.1%€458,235▲ 5.5%€668,360▲ 45.9%€162,977▼ 75.6%-€109,662
Net result€313,318above the sector's middle half▲ 0.3%€340,666above the sector's middle half▲ 8.7%€533,509above the sector's middle half▲ 56.6%€108,400within the sector's middle half▼ 79.7%-€152,942below the sector's middle half
Equity€116,619below the sector's middle half▼ 42.6%€110,000below the sector's middle half▼ 5.7%€393,509within the sector's middle half▲ 258%€501,909within the sector's middle half▲ 27.5%€348,968within the sector's middle half▼ 30.5%
Total assets€535,658below the sector's middle half▲ 4.8%€498,277below the sector's middle half▼ 7.0%€707,242within the sector's middle half▲ 41.9%€780,250within the sector's middle half▲ 10.3%€1.1mwithin the sector's middle half▲ 39.4%
Debt€419,039▲ 36.1%€388,277▼ 7.3%€313,733▼ 19.2%€278,341▼ 11.3%€738,583▲ 165%
Working capital-€43,703-€47,449▼ 8.6%€189,627€480,748▲ 154%€810,680▲ 68.6%
Solvency21.8%below the sector's middle half▼ 18.0pp22.1%below the sector's middle half▲ 0.3pp55.6%within the sector's middle half▲ 33.6pp64.3%within the sector's middle half▲ 8.7pp32.1%within the sector's middle half▼ 32.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €109,662 after €162,977 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€210,288 ▼ 4.9%
Current assets
€877,263 ▲ 56.9%
Equity and liabilities €1.1m
Equity
€348,968 ▼ 30.5%
Debt
€738,583 ▲ 165%
Debt's share of the balance-sheet total rises from 35.7% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-43.8%▼
2024 · 21.6%
ROA
-14.1%▼
2024 · 13.9%
Debt ≤ 1 year
€66,583▼
2024 · €78,341
Debt > 1 year
€672,000▲
2024 · €200,000
Income taxes
€175▼
2024 · €54,763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €511,604 | €571,201 | €780,245 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €105,875 | €109,136 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,620 | €2,873 | €2,749 | €13,106 | €10,873 | ▼ 17.0% |
| Other operating charges640/8 | - | - | - | €552 | €1,288 | ▲ 133% |
| Non-recurring operating charges66A | - | €4,218 | - | - | - | - |
| Gross operating margin9900 | €436,799 | €465,326 | €671,109 | €176,636 | -€97,500 | ▼ 155% |
| Operating profit (loss)9901 | €434,179 | €458,235 | €668,360 | €162,977 | -€109,662 | ▼ 167% |
| Financial income75/76B | - | - | €62,477 | €3,663 | €151 | ▼ 95.9% |
| Recurring financial income75 | - | - | €62,477 | €3,663 | €151 | ▼ 95.9% |
| Financial charges65/66B | - | €94 | €120 | €3,478 | €43,256 | ▲ 1,144% |
| Recurring financial charges65 | €181 | €94 | €120 | €3,478 | €43,256 | ▲ 1,144% |
| Profit (loss) for the period before taxes9903 | €433,998 | €458,141 | €730,717 | €163,163 | -€152,766 | ▼ 194% |
| Income taxes67/77 | €120,680 | €117,475 | €197,208 | €54,763 | €175 | ▼ 99.7% |
| Profit (loss) for the period9904 | €313,318 | €340,666 | €533,509 | €108,400 | -€152,942 | ▼ 241% |
| Profit (loss) for the period to be appropriated9905 | €313,318 | €340,666 | €533,509 | €108,400 | -€152,942 | ▼ 241% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535,658 | €498,277 | €707,242 | €780,250 | €1.1m | ▲ 39.4% |
| Fixed assets21/28 | €160,322 | €157,449 | €203,882 | €221,161 | €210,288 | ▼ 4.9% |
| Tangible fixed assets22/27 | €8,881 | €6,008 | €52,441 | €69,720 | €58,846 | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €1,263 | €153 | €4,156 | €3,223 | ▼ 22.5% |
| Furniture and vehicles24 | - | €4,745 | €52,288 | €41,064 | €31,123 | ▼ 24.2% |
| Other tangible fixed assets26 | - | - | - | €24,500 | €24,500 | = |
| Financial fixed assets28 | €151,441 | €151,441 | €151,441 | €151,441 | €151,441 | = |
| Current assets29/58 | €375,336 | €340,828 | €503,360 | €559,089 | €877,263 | ▲ 56.9% |
| Stocks and contracts in progress3 | - | - | - | €297,297 | €515,960 | ▲ 73.6% |
| Stocks30/36 | - | - | - | €297,297 | €515,960 | ▲ 73.6% |
| Amounts receivable within one year40/41 | €349,002 | €330,160 | €23,061 | €253,010 | €246,210 | ▼ 2.7% |
| Trade receivables40 | - | €15,125 | - | €40,000 | €83,000 | ▲ 108% |
| Other amounts receivable41 | - | €315,035 | €23,061 | €213,010 | €163,210 | ▼ 23.4% |
| Cash at bank and in hand54/58 | €26,334 | €10,668 | €480,299 | €8,781 | €115,093 | ▲ 1,211% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535,658 | €498,277 | €707,242 | €780,250 | €1.1m | ▲ 39.4% |
| Equity10/15 | €116,619 | €110,000 | €393,509 | €501,909 | €348,968 | ▼ 30.5% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €118,400 | €118,400 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | - | - | €108,400 | €108,400 | = |
| Profit (loss) carried forward14 | €6,619 | - | €283,509 | €283,509 | €130,568 | ▼ 53.9% |
| Amounts payable17/49 | €419,039 | €388,277 | €313,733 | €278,341 | €738,583 | ▲ 165% |
| Amounts payable after more than one year17 | - | - | - | €200,000 | €672,000 | ▲ 236% |
| Financial debts170/4 | - | - | - | €200,000 | €672,000 | ▲ 236% |
| Amounts payable within one year42/48 | €419,039 | €388,277 | €313,733 | €78,341 | €66,583 | ▼ 15.0% |
| Trade debts44 | €2,180 | €217 | €704 | €22,324 | €65,154 | ▲ 192% |
| Suppliers440/4 | - | €217 | €704 | €22,324 | €65,154 | ▲ 192% |
| Taxes, remuneration and social security45 | - | €6,682 | €63,029 | €56,017 | €1,430 | ▼ 97.4% |
| Taxes450/3 | - | €6,682 | €63,029 | €56,017 | €1,430 | ▼ 97.4% |
| Other amounts payable47/48 | - | €381,378 | €250,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €313,318 | €340,666 | €533,509 | €108,400 | -€152,942 | ▼ 241% |
| + Depreciation and write-downs630 | €2,620 | €2,873 | €2,749 | €13,106 | €10,873 | ▼ 17.0% |
| Operating cash flow (approximation) | €315,938 | €343,539 | €536,258 | €121,506 | -€142,068 | ▼ 217% |
| Investment in fixed assets (approximation) | - | €0 | -€49,182 | -€30,385 | €0 | ▲ 100% |
| Change in cash | - | -€15,666 | €469,631 | -€471,518 | €106,312 | ▲ 123% |
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
Next filing, fiscal year 2026, expected by
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
31-03
Financial
Weakest financial yearnet -€152,942
Net result drops to -€152,942, the lowest in the series.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
31-03
Financial
Liquidity quadruplescurrent ratio 7.14
Current ratio from 1.60 to 7.14; short-term debt falls from €313,733 to €78,341.
31-03
Financial
Equity above €500,000Eq €501,909 ▲27.5%
6 profitable years in a row build equity to €501,909.
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €533,509 ▲56.6%
Operating result €668,360, net result €533,509, both a record.
31-03
Financial
Equity above €200,000Eq €393,509 ▲258%
5 profitable years in a row build equity to €393,509.
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €203,301 ▲6.5%
2 profitable years in a row build equity to €203,301.
Show earlier events
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2012
Ground area
726 m²
Building footprint
726 m²
Volume, LiDAR
7,990 m³
Parcel 11811L3509/00Y000, Flanders · tallest building 21.6 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
NBCF
since 20122.213.546.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3509/00Y000 | Flanders | 726 m² | 1 · 726 m² | 21.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,771 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
Founded22-10-2012
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849830658
Also
9925:BE0849830658
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.