ND GESTION

Active

Private limited companyfounded 20197 yrs activeAvenue Albert 1er 97, 5000 Namur, BelgiumKBO/BCE: BE 0721.400.084

The computed 12-month bankruptcy probability of ND GESTION is 4.1% (elevated). The 2025 annual accounts show equity of €7k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7683 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

25 / 100

Weak

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability0=

Solvency15▼-2

Growth52=

Stability100

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.0), and 95.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

4.8%

Return on assets

-3.7%

Age of the figures

8 mo

Higher-failure-rate region

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

KBO · registered office

Persistent losses

Two consecutive loss-making years (2025 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

20212223242525

2020 to 2025 · latest year -€5k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7683 sector peers (2025).

NBB · sector comparison

Position among 7683 sector peers

Solvency

better than 16%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 7 filings

Deviation from the deadline

2025

17 d late

2025

2 d early

2024

on the day

2023

27 d late

2022

30 d late

2021

29 d late

2020

30 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 2025, micro schema

Equity

€7k▼ 43.1%

2025 · €12k

2020: €5k 2021: €21k 2022: €43k 2023: €26k 2024: €26k 2025: €12k

2020 → 2025

Total assets

€141k▼ 7.7%

2025 · €152k

2020: €15k 2021: €137k 2022: €166k 2023: €156k 2024: €157k 2025: €152k

2020 → 2025

Net result

€-5k▲ 62.8%

2025 · €-14k

2020: €-2k 2021: €16k 2022: €22k 2023: €-17k 2024: €-339 2025: €-14k

2020 → 2025

Working capital

€450▼ 88.2%

2025 · €4k

2020: €806 2021: €16k 2022: €37k 2023: €20k 2024: €19k 2025: €4k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222023202420252025Trend

Equity€43k-€26k▼ 39.4%€26k▼ 1.3%€12k▼ 53.7%€7k▼ 43.1%

Operating result€34k-€-14k€2k€-12k€-3k▲ 74.9%

Net result€22k-€-17k€-339▲ 98.0%€-14k▼ 3,978%€-5k▲ 62.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2025 against €12k in 2025; the loss shrinks.

Balance-sheet composition

2025 in colour, 2025 as the grey bar beneath

Assets €141k

95.5%

Fixed assets €6k▼ 76.8%

Current assets €134k▲ 7.4%

Equity and liabilities €141k

95.2%

Equity €7k▼ 43.1%

Debt €134k▼ 4.6%

The debt ratio rises from 92.2% to 95.2%: equity shrinks faster than debt is paid down.

Key figures and ratios

2025 value · change against 2025

EBITDA

€-957▲

2025 · €-9k

Cash flow

€-3k▲

2025 · €-10k

Solvency

4.8%▼

2025 · 7.8%

Current ratio

1.00▼

2025 · 1.03

Quick ratio

0.32▼

2025 · 0.53

Debt / equity

19.74▲

2025 · 11.78

ROE

-75.8%▲

2025 · -115.9%

ROA

-3.7%▲

2025 · -9.1%

Interest coverage

-0.66▲

2025 · -5.77

Debt

€134k▼

2025 · €140k

Debt ≤ 1 year

€134k▲

2025 · €121k

Income taxes

€736▲

2025 · €154

Staff costs

€130k▼

2025 · €170k

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 · 2025 against 2025

Balance sheet Code20252025

Assets

Total assets20/58€152k€141k▼

Fixed assets21/28€27k€6k▼

Tangible fixed assets22/27€23k€2k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€20k€591▼

Financial fixed assets28€4k€4k=

Current assets29/58€125k€134k▲

Stocks and contracts in progress3€61k€91k▲

Stocks30/36€61k€91k▲

Amounts receivable within one year40/41€7k€13k▲

Trade receivables40€4k€6k▲

Other amounts receivable41€3k€7k▲

Cash at bank and in hand54/58€52k€29k▼

Deferred charges and accrued income490/1€5k€1k▼

Equity and liabilities

Total equity and liabilities10/49€152k€141k▼

Equity10/15€12k€7k▼

Contributions10/11€6k€6k=

Capital10€6k-

Issued capital100€19k-

Uncalled capital101€12k-

Profit (loss) carried forward14€6k€385▼

Amounts payable17/49€140k€134k▼

Amounts payable after more than one year17€12k-

Financial debts170/4€12k-

Amounts payable within one year42/48€121k€134k▲

Current portion of amounts payable after more than one year42€6k-

Trade debts44€70k€107k▲

Suppliers440/4€70k€107k▲

Taxes, remuneration and social security45€28k€27k▼

Taxes450/3€1k€2k▲

Remuneration and social security454/9€27k€25k▼

Other amounts payable47/48€17k-

Accrued charges and deferred income492/3€7k-

Income statement Code20252025

Remuneration, social security and pensions62€170k€130k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼

Other operating charges640/8€4k€3k▼

Non-recurring operating charges66A-€19k

Gross operating margin9900€165k€151k▼

Operating profit (loss)9901€-12k€-3k▲

Financial income75/76B€98€111▲

Recurring financial income75€98€111▲

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€-14k€-4k▲

Income taxes67/77€154€736▲

Profit (loss) for the period9904€-14k€-5k▲

Profit (loss) for the period to be appropriated9905€-14k€-5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€6k€385▼

Profit (loss) brought forward from the previous period14P€19k€6k▼

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 10Financial 3Filings 7

2026

17-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 17 days late

2025

29-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

27-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 27 days late

31-03

Financial Weakest financial yearnet €-17k ▼176%

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

2022

30-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

31-03

Financial Highest result since 2020net €22k ▲37%

Operating result €34k, net result €22k, both a record.

2021

29-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

31-03

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

2020

30-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 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 2020

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.

25-05-2020 SPRL DATAM: Resigned as Managing director

25-05-2020 SPRL ELICAM: Resigned as Managing director

25-05-2020 SPRL J-CF: Resigned as Managing director

25-05-2020 SPRL VDARDENNE: Resigned as Managing director

Location & real-estate footprint

Registered office, Namur · 4 establishment units since 2019

establishment approximate All 4 establishment units 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.

Avenue Albert 1er 975000 Namur

Ground area

4,138 m²

Building footprint

227 m²

Volume, LiDAR

1,724 m³

5 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.

4 establishment units

ND23 BOUGE

Rue de la Libération(BU) 4, 5004 NamurRetail trade

since 20192.285.843.107

ND156 ANDERLUES

Chaussée de Charleroi 82, 6150 AnderluesNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.384.918.214

ND153 CHAPELLE LEZ HERLAIMONT

Rue de La Hestre 151, 7160 Chapelle-lez-HerlaimontNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.384.918.313

ND158 PONT-A-CELLES

Rue Arsenal(PAC) 58, 6230 Pont-à-CellesRetail trade

since 20262.389.325.972

5 parcels

Wallonia 5 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56302D0090/00L000	Wallonia	1,593 m²	-	-
92094B0311/00Z005	Wallonia	1,172 m²	1 · 93 m²	10.1 m · 2 fl.
52010C0008/00V038indicative	Wallonia	503 m²	-	-
52055C0021/00N034	Wallonia	437 m²	1 · 71 m²	10.7 m · 3 fl.
92021C0147/00A003	Wallonia	433 m²	1 · 63 m²	8.5 m · 2 fl.