ND3
ActiveThe file of ND3 contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.3% (low). The 2025 annual accounts show equity of €48,978 and a net result of €12,304. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 18537 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+55
Solvency53▼-47
Growth52▲+17
Track record85
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.39 against 26.29 in 2024; short-term debt: 71.8% and cash: 7.1% of total assets), and 71.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-04-2026, 87 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
87 d late
2024
7 d early
2023
2 d early
2022
7 d early
2021
21 d early
2020
18 d early
2019
43 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 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€16,721▼ 88.2%
2023 · €141,715
EBIT margin
-49.8%▼ 57.4pp
2023 · 7.6%
Net result
€12,304
2024 · -€8,473
Working capital
€48,978▲ 33.5%
2024 · €36,674
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€141,349▲ 3.6%€142,580▲ 0.9%€141,715▼ 0.6%€16,721▼ 88.2%
Operating result€24,226▲ 277%€18,510▼ 23.6%€10,824▼ 41.5%-€8,321€17,173
Net result€20,752▲ 368%€12,867▼ 38.0%€7,128▼ 44.6%-€8,473€12,304
EBIT margin17.1%▲ 12.4pp13.0%▼ 4.2pp7.6%▼ 5.3pp-49.8%▼ 57.4pp
Equity€25,152▲ 74.7%€38,019▲ 51.2%€45,147▲ 18.7%€36,674▼ 18.8%€48,978▲ 33.5%
Total assets€62,915▲ 55.1%€65,225▲ 3.7%€71,807▲ 10.1%€38,124▼ 46.9%€173,835▲ 356%
Debt€37,763▲ 44.3%€27,207▼ 28.0%€26,660▼ 2.0%€1,450▼ 94.6%€124,857▲ 8,511%
Working capital€24,571▲ 99.0%€37,143▲ 51.2%€43,912▲ 18.2%€36,674▼ 16.5%€48,978▲ 33.5%
Staff (FTE)1.9▼ 32.1%2.5▲ 31.6%2.1▼ 16.0%0.1▼ 95.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +356% on 2024. Cause not known from the registers.
- 2024 Turnover -88% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17,173 after a loss of €8,321 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €173,835
Equity
€48,978 ▲ 33.5%
Debt
€124,857 ▲ 8,511%
Debt's share of the balance-sheet total rises from 3.8% to 71.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.39▼
2024 · 26.29
Debt to equity
2.55▲
2024 · 0.04
ROE
25.1%▲
2024 · -23.1%
ROA
7.1%▲
2024 · -22.2%
Debt ≤ 1 year
€124,857▲
2024 · €1,450
Income taxes
€4,800▲
2024 · €0
Staff costs
€31,725▲
2024 · €1,588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €141,349 | €142,580 | €141,715 | €16,721 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €55,426 | €83,515 | €21,975 | - | - |
| Remuneration, social security and pensions62 | - | €75,424 | €58,973 | €1,588 | €31,725 | ▲ 1,898% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,053 | €187 | €366 | - | - | - |
| Other operating charges640/8 | - | €503 | €916 | €1,712 | €1,766 | ▲ 3.2% |
| Gross operating margin9900 | €70,346 | €94,624 | €71,080 | -€5,021 | €50,664 | ▲ 1,109% |
| Operating profit (loss)9901 | €24,226 | €18,510 | €10,824 | -€8,321 | €17,173 | ▲ 306% |
| Financial charges65/66B | - | €242 | €393 | €152 | €69 | ▼ 54.5% |
| Recurring financial charges65 | €180 | €242 | €393 | €152 | €69 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | €24,045 | €18,268 | €10,431 | -€8,473 | €17,104 | ▲ 302% |
| Income taxes67/77 | €3,293 | €5,401 | €3,303 | €0 | €4,800 | ▲ 47,999,900% |
| Profit (loss) for the period9904 | €20,752 | €12,867 | €7,128 | -€8,473 | €12,304 | ▲ 245% |
| Profit (loss) for the period to be appropriated9905 | €20,752 | €12,867 | €7,128 | -€8,473 | €12,304 | ▲ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,915 | €65,225 | €71,807 | €38,124 | €173,835 | ▲ 356% |
| Fixed assets21/28 | €580 | €875 | €1,235 | - | - | - |
| Tangible fixed assets22/27 | €206 | €721 | €1,080 | - | - | - |
| Furniture and vehicles24 | - | €721 | €1,080 | - | - | - |
| Financial fixed assets28 | €375 | €155 | €155 | - | - | - |
| Current assets29/58 | €62,334 | €64,350 | €70,572 | €38,124 | €173,835 | ▲ 356% |
| Amounts receivable after more than one year29 | - | €39,400 | €39,400 | €36,954 | €36,954 | = |
| Trade receivables290 | - | €39,400 | €39,400 | €36,954 | €36,954 | = |
| Amounts receivable within one year40/41 | €13,132 | €14,952 | €26,324 | €437 | €124,611 | ▲ 28,411% |
| Trade receivables40 | - | €13,981 | €26,324 | €437 | €124,611 | ▲ 28,411% |
| Other amounts receivable41 | - | €972 | - | - | - | - |
| Cash at bank and in hand54/58 | €7,396 | €8,498 | €4,848 | €733 | €12,270 | ▲ 1,574% |
| Deferred charges and accrued income490/1 | - | €1,499 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,915 | €65,225 | €71,807 | €38,124 | €173,835 | ▲ 356% |
| Equity10/15 | €25,152 | €38,019 | €45,147 | €36,674 | €48,978 | ▲ 33.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €10,343 | €10,343 | €17,471 | €17,471 | €17,471 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €8,483 | €8,483 | €8,483 | €8,483 | = |
| Distributable reserves133 | - | - | €7,128 | €7,128 | €7,128 | = |
| Profit (loss) carried forward14 | €8,608 | €21,476 | €21,476 | €13,003 | €25,306 | ▲ 94.6% |
| Amounts payable17/49 | €37,763 | €27,207 | €26,660 | €1,450 | €124,857 | ▲ 8,511% |
| Amounts payable within one year42/48 | €37,763 | €27,207 | €26,660 | €1,450 | €124,857 | ▲ 8,511% |
| Trade debts44 | €4,960 | €6,341 | €8,160 | €1,450 | €76,258 | ▲ 5,159% |
| Suppliers440/4 | - | €6,341 | €8,160 | €1,450 | €76,258 | ▲ 5,159% |
| Advances received on contracts in progress46 | - | - | - | - | €6,400 | - |
| Taxes, remuneration and social security45 | - | €20,021 | €14,344 | - | €26,169 | - |
| Taxes450/3 | - | €7,825 | €5,967 | - | €18,210 | - |
| Remuneration and social security454/9 | - | €12,196 | €8,377 | - | €7,959 | - |
| Other amounts payable47/48 | - | €844 | €4,156 | - | €16,030 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,752 | €12,867 | €7,128 | -€8,473 | €12,304 | ▲ 245% |
| + Depreciation and write-downs630 | €6,053 | €187 | €366 | - | - | - |
| Operating cash flow (approximation) | €26,805 | €13,055 | €7,494 | -€8,473 | €12,304 | ▲ 245% |
| Investment in fixed assets (approximation) | - | -€482 | -€726 | - | - | - |
| Change in cash | - | €1,102 | -€3,650 | -€4,115 | €11,537 | ▲ 380% |
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
2026
28-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 21-04-2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 87 days late
03-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 24-02-2026
2025
30-06
Financial
Back to profitnet €12,304
Net result €12,304 after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€8,473
Net result drops to -€8,473, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 10current ratio 26.29
Current ratio from 2.65 to 26.29; short-term debt falls from €26,660 to €1,450.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €20,752 ▲368%
Operating result €24,226, net result €20,752, both a record.
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 2010
Ground area
685 m²
Building footprint
663 m²
Volume, LiDAR
17,071 m³
Parcel 21806F0477/00N017, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
ND3
since 20102.198.390.380
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0477/00N017 | Brussels | 685 m² | 1 · 663 m² | 34.5 m · 9 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Nick PEETERS ESPLANADE 1 BUS 88, 1020 BRUSSEL 2- |
24-02-2026 → 21-04-2026 |
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Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 921 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
Founded17-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
47551Retail sale of household furniture
47742Retail sale of prescription glasses, lenses and sunglasses
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831985034
Also
9925:BE0831985034
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.