ND Management
ActiveND Management has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356k and a net result of €148k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency50▲+21
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.1 in 2024), and 62.3% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.7%
Return on assets
15.7%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
28 d late
2023
69 d late
2022
52 d late
2021
52 d late
2020
19 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€356k▲ 23.5%
2024 · €288k
2018: €36k
2019: €68k
2020: €108k
2021: €122k
2022: €203k
2023: €257k
2024: €288k
2018 → 2025
Total assets
€944k▼ 12.9%
2024 · €1.08M
2018: €1.34M
2019: €1.33M
2020: €1.01M
2021: €792k
2022: €777k
2023: €958k
2024: €1.08M
2018 → 2025
Net result
€148k▲ 110%
2024 · €70k
2018: €9k
2019: €33k
2020: €40k
2021: €14k
2022: €80k
2023: €70k
2024: €70k
2018 → 2025
Working capital
€-78k▲ 70.9%
2024 · €-268k
2018: €-430k
2019: €-423k
2020: €-340k
2021: €-279k
2022: €-215k
2023: €-191k
2024: €-268k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€203k▲ 65.6%€257k▲ 27.0%€288k▲ 11.9%€356k▲ 23.5%
Operating result€40k-€48k▲ 21.0%€43k▼ 11.1%€36k▼ 16.2%€199k▲ 454%
Net result€14k-€80k▲ 473%€70k▼ 12.9%€70k▲ 0.7%€148k▲ 110%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 454% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €944k
Fixed assets
€842k▼ 20.2%
Current assets
€102k▲ 261%
Equity and liabilities €944k
Equity
€356k▲ 23.5%
Provisions
€32k
Debt
€556k▼ 30.1%
The debt ratio falls from 73.4% to 59.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€204k▲
2024 · €61k
Cash flow
€153k▲
2024 · €95k
Solvency
37.7%▲
2024 · 26.6%
Current ratio
0.57▲
2024 · 0.10
Quick ratio
0.57▲
2024 · 0.10
Debt / equity
1.56▼
2024 · 2.76
ROE
41.6%▲
2024 · 24.5%
ROA
15.7%▲
2024 · 6.5%
Interest coverage
7.83▲
2024 · 2.47
Debt
€556k▼
2024 · €796k
Debt ≤ 1 year
€180k▼
2024 · €297k
Debt > 1 year
€376k▼
2024 · €499k
Income taxes
€17k▲
2024 · €15k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€944k▼
Fixed assets21/28€1.06M€842k▼
Intangible fixed assets21€9k€9k=
Tangible fixed assets22/27€230k€16k▼
Land and buildings22€222k€13k▼
Furniture and vehicles24€8k€4k▼
Financial fixed assets28€816k€816k=
Current assets29/58€28k€102k▲
Amounts receivable within one year40/41€26k€100k▲
Trade receivables40-€3k
Other amounts receivable41€26k€96k▲
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€944k▼
Equity10/15€288k€356k▲
Contributions10/11€19k€19k=
Reserves13€269k€337k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€267k€335k▲
Provisions and deferred taxes16-€32k
Deferred taxes168-€32k
Amounts payable17/49€796k€556k▼
Amounts payable after more than one year17€499k€376k▼
Financial debts170/4€499k€376k▼
Amounts payable within one year42/48€297k€180k▼
Current portion of amounts payable after more than one year42€18k€14k▼
Financial debts43€20k€20k▲
Credit institutions430/8€20k€20k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€27k€49k▲
Taxes450/3€26k€49k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€229k€95k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€5k▼
Other operating charges640/8€1k€972▼
Gross operating margin9900€62k€205k▲
Operating profit (loss)9901€36k€199k▲
Financial income75/76B€74k€24k▼
Recurring financial income75€74k€24k▼
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€86k€197k▲
Transfer to deferred taxes680-€32k
Income taxes67/77€15k€17k▲
Profit (loss) for the period9904€70k€148k▲
Transfer to tax-exempt reserves689-€95k
Profit (loss) for the period to be appropriated9905€70k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€53k▼
Transfer from equity791/2€40k€80k▲
Transfer to equity691/2€70k€53k▼
To other reserves6921€70k€53k▼
Profit to be distributed694/7€40k€80k▲
Return on contributions (dividend)694€40k€80k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Highest result since 2018net €148k ▲110%
Operating result €199k, net result €148k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Equity above €200kEq €203k ▲65.6%
5 profitable years in a row build equity to €203k.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Equity above €100kEq €108k ▲58.2%
3 profitable years in a row build equity to €108k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 186 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lasne · 1 establishment unit since 2009
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.
Chaussée de Louvain 5541380 LasneGround area
614 m²
Building footprint
189 m²
Volume, LiDAR
1,465 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ND MANAGEMENT
since 20092.175.598.746
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25045B0443/00N000 | Wallonia | 414 m² | 1 · 134 m² | 9.6 m · 3 fl. |
| 25076G0625/00D000 | Wallonia | 200 m² | 1 · 55 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 36,991 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ndmanagement@gmail.com