ND 86
The computed 12-month bankruptcy probability of ND 86 is 3.4% (moderate). The 2025 annual accounts show equity of €180k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 9984 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €180k |
| Net result | €27k |
| Staff (FTE) | 17.6 |
| Better than sector | 38% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.4% | 37.6% | |
| Net result | €27k | €30k | |
| Equity | €180k | €260k | |
| Gross operating margin | €853k | €227k | |
| Staff costs | €693k | €158k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | €14.01M | - | - | - | - |
| EBITDA | - | - | - | - | €29k |
| Net profit | €27k | €159k | €30k | €-36k | €28k |
| Cash flow | - | - | - | - | €28k |
| Staff costs | €693k | €855k | €543k | €422k | €321k |
| Income taxes | €12k | €60k | €4k | €180 | €173 |
| Dividends | - | - | - | - | - |
| Total assets | €657k | €653k | €535k | €443k | €381k |
| Equity | €180k | €153k | €-6k | €-36k | €-235 |
| Debt | €477k | €501k | €542k | €479k | €381k |
| of which ≤ 1y | €477k | €501k | €542k | €479k | €381k |
| of which > 1y | - | - | - | - | - |
| Working capital | €170k | €145k | €-12k | €-39k | €-2k |
| Employees (FTE) | 17.6 | 17.1 | 14.4 | 12.3 | 11.4 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.36 | 1.29 | 0.98 | 0.92 | 0.99 |
| Quick ratio | 0.28 | 0.35 | 0.27 | 0.24 | 0.36 |
| Working capital ratio | 25.8% | 22.1% | -2.2% | -8.8% | -0.6% |
| Solvency | 27.4% | 23.4% | -1.2% | -8.2% | -0.1% |
| Debt / equity | 2.65 | 3.28 | -83.83 | -13.19 | -1621.62 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | 10.09 |
| Gross margin | 4.2% | - | - | - | - |
| Net margin | 0.2% | - | - | - | - |
| ROA | 4.2% | 24.3% | 5.6% | -8.1% | 7.2% |
| ROE | 15.2% | 104.2% | -462.5% | 99.4% | -11730.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | 0d | - | - | - | - |
| Days payable outstanding | 9d | - | - | - | - |
| Inventory turnover | 26.21 | - | - | - | - |
| Days inventory (DSI) | 14d | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €657k | €653k | €535k | €443k | €381k |
| Fixed assets | 21/28 | €11k | €8k | €5k | €3k | €2k |
| Financial fixed assets | 28 | €11k | €8k | €5k | €3k | €2k |
| Current assets | 29/58 | €647k | €645k | €530k | €441k | €379k |
| Stocks & contracts in progress | 3 | €512k | €468k | €381k | €326k | €241k |
| Amounts receivable within one year | 40/41 | €20k | €33k | €15k | €23k | €33k |
| Cash & bank | 54/58 | €94k | €84k | €102k | €66k | €70k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €657k | €653k | €535k | €443k | €381k |
| Equity | 10/15 | €180k | €153k | €-6k | €-36k | €-235 |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €174k | €146k | €-13k | €-43k | €-7k |
| Amounts payable | 17/49 | €477k | €501k | €542k | €479k | €381k |
| Amounts payable within one year | 42/48 | €477k | €501k | €542k | €479k | €381k |
| Trade debts payable within one year | 44 | €325k | €343k | €453k | €421k | €311k |
| Income statement | ||||||
| Turnover | 70 | €14.01M | - | - | - | - |
| Gross operating margin | 9900 | €853k | €1.09M | €587k | €399k | €357k |
| Operating result | 9901 | €43k | €225k | €34k | €-30k | €28k |
| Financial income | 75 | €5k | €3k | €5k | €21 | €2k |
| Financial charges | 65 | €9k | €9k | €5k | €6k | €3k |
| Result before taxes | 9903 | €39k | €219k | €34k | €-36k | €28k |
| Income taxes | 67/77 | €12k | €60k | €4k | €180 | €173 |
| Net result for the period | 9904 | €27k | €159k | €30k | €-36k | €28k |
| Result to be appropriated | 9905 | €27k | €159k | €30k | €-36k | €28k |
| SRL BDO Bedrijfsrevisoren-BDO Reviseurs d'entreprisesCurrent Statutory auditor · represented by ANCION Denis | 24-10-2025 → present |
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2018 |
| Status | Active |
| Postal code | 5000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0866/00T003 | Wallonia | 1.5 ha | 1 · 200 m² | - |
| 83016B0659/00E002 | Wallonia | 2,781 m² | 1 · 143 m² | - |
| 52048B0345/00V000 | Wallonia | 1,429 m² | - | - |
| 92094B0311/00Z005 | Wallonia | 1,172 m² | 1 · 93 m² | 10.1 m · 2 fl. |
| 51040B0080/00L006 | Wallonia | 715 m² | 1 · 343 m² | 10.0 m · 1 fl. |
| 56011B0478/00C000 | Wallonia | 133 m² | 1 · 46 m² | 14.6 m · 5 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-10-2025 ANCION Denis appointed as statutory auditor
- ANCION Denis, Commissaris
Technical details
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}02-05-2024 Change in the board of directors
Technical details
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}26-09-2018 Incorporation of a new SRL
Technical details
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"post_incorporation_mandates": []
}| Legal nameFR | ND 86 |