NBS

Active

Private limited companyfounded 201511 yrs activeLangehaagstraat 35, 1000 Brussel, BelgiumKBO/BCE: BE 0597.806.743

The computed 12-month bankruptcy probability of NBS is 1.8% (moderate). The 2024 annual accounts show negative equity (€-34k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 344 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

23 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency0▼-20

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.36 against 6.85 in 2023; short-term debt: 69.6% and cash: 0.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

-34.9%

Return on assets

-21.6%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 80

Relative position

BE, all sectors

reference

Sector 80

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-34k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

63 d late

2022

31 d late

2021

64 d late

2020

123 d late

2019

152 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-21k

2023 · €94k

2018: €37k 2019: €-74k 2020: €27k 2021: €-79k 2022: €-18k 2023: €94k

2018 → 2024

Working capital

€25k▼ 87.6%

2023 · €202k

2018: €38k 2019: €-39k 2020: €-12k 2021: €21k 2022: €71k 2023: €202k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-11k-€-90k▼ 717%€-107k▼ 19.5%€-13k▲ 87.9%€-34k▼ 163%

Operating result€31k-€-77k€-16k▲ 78.7%€115k€-21k

Net result€27k-€-79k€-18k▲ 77.7%€94k€-21k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €21k after €115k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €98k

95.0%

Fixed assets €5k▲ 339%

Current assets €93k▼ 60.4%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-20k

Cash flow

€-21k

Solvency

-34.9%▼

2023 · -5.5%

Current ratio

1.36▼

2023 · 6.85

Quick ratio

1.36▼

2023 · 6.85

Debt / equity

-3.87▲

2023 · -19.21

ROA

-21.6%▼

2023 · 39.7%

Interest coverage

-25.73

Debt

€133k▼

2023 · €250k

Debt ≤ 1 year

€68k▲

2023 · €34k

Debt > 1 year

€64k▼

2023 · €216k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€237k€98k▼

Fixed assets21/28€1k€5k▲

Tangible fixed assets22/27-€4k

Plant, machinery and equipment23-€4k

Financial fixed assets28€1k€1k=

Current assets29/58€236k€93k▼

Amounts receivable within one year40/41€236k€92k▼

Trade receivables40€233k€89k▼

Other amounts receivable41€3k€3k▲

Cash at bank and in hand54/58€34€324▲

Deferred charges and accrued income490/1€602€868▲

Equity and liabilities

Total equity and liabilities10/49€237k€98k▼

Equity10/15€-13k€-34k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-32k€-53k▼

Amounts payable17/49€250k€133k▼

Amounts payable after more than one year17€216k€64k▼

Financial debts170/4€216k€64k▼

Amounts payable within one year42/48€34k€68k▲

Trade debts44€11k€11k▼

Suppliers440/4€11k€11k▼

Taxes, remuneration and social security45€23k€58k▲

Taxes450/3€23k€58k▲

Other amounts payable47/48€688€168▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€679

Other operating charges640/8€15k€20k▲

Non-recurring operating charges66A€42k-

Gross operating margin9900€171k€-219▼

Operating profit (loss)9901€115k€-21k▼

Financial income75/76B-€13

Recurring financial income75-€13

Financial charges65/66B€928€771▼

Recurring financial charges65€928€771▼

Profit (loss) for the period before taxes9903€114k€-21k▼

Income taxes67/77€20k-

Profit (loss) for the period9904€94k€-21k▼

Profit (loss) for the period to be appropriated9905€94k€-21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-32k€-53k▼

Profit (loss) brought forward from the previous period14P€-126k€-32k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

02-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 63 days late

2023

31-12

Financial Back to profitnet €94k

Net result €94k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Liquidity quadruplescurrent ratio 4.72

Current ratio from 1.16 to 4.72; short-term debt falls from €128k to €19k.

03-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 64 days late

2021

31-12

Financial Weakest financial yearnet €-79k ▼395%

Net result drops to €-79k, the lowest in the series; recovery starts the following year.

01-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 123 days late

2020

31-12

Financial Back to profitnet €27k

Net result €27k after one loss-making year.

30-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 152 days late

31-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 184 days late

2018

03-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 64 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 60 days late

26-04

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 269 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-03-2021 BASTIEN PIERRE BORGNIET: Resigned as Director

23-11-2016 HISENI FATON: Resigned as Managing director

05-09-2015 BORGNIET Bastien Pierre Fergus: Resigned as Managing director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Langehaagstraat 351000 Brussel

Ground area

388 m²

Building footprint