NDB DIFFUSION
ActiveSummary
NDB DIFFUSION has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262,179 and a net result of -€92,019. Equity is growing by ~68.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-83
Solvency35▼-65
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 4.62 in 2024; short-term debt: 30.6% and cash: 11% of total assets), and 90.4% of the assets are financed with debt.
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Signals
Four 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
38 d early
2023
15 d early
2022
8 d late
2021
25 d late
2020
31 d late
2019
47 d late
← 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 5 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€262,179▼ 26.0%
2024 · €354,198
Total assets
€2.7m▲ 495%
2024 · €456,989
Net result
-€92,019
2024 · €168,437
Working capital
-€113,577
2024 · €352,534
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
Operating result€44,747▲ 4.8%€28,045▼ 37.3%€111,428▲ 297%€226,241▲ 103%-€59,262
Net result€30,331▲ 0.8%€18,832▼ 37.9%€77,277▲ 310%€168,437▲ 118%-€92,019
Equity€77,253▲ 64.6%€108,485▲ 40.4%€185,761▲ 71.2%€354,198▲ 90.7%€262,179▼ 26.0%
Total assets€153,086▲ 46.3%€186,819▲ 22.0%€262,774▲ 40.7%€456,989▲ 73.9%€2.7m▲ 495%
Debt€75,834▲ 31.4%€78,334▲ 3.3%€77,013▼ 1.7%€102,791▲ 33.5%€2.5m▲ 2,289%
Working capital€80,938▲ 27.9%€86,648▲ 7.1%€177,074▲ 104%€352,534▲ 99.1%-€113,577
Staff (FTE)3.4
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €59,262 after €226,241 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.0m ▲ 28,476%
Current assets
€718,252 ▲ 59.6%
Equity and liabilities €2.7m
Equity
€262,179 ▼ 26.0%
Debt
€2.5m ▲ 2,289%
Debt's share of the balance-sheet total rises from 22.5% to 90.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,587▼
2024 · €232,929
Cash flow
-€20,170▼
2024 · €175,125
Current ratio
0.86▼
2024 · 4.62
Quick ratio
0.58▼
2024 · 4.62
Debt to equity
9.36▲
2024 · 0.29
ROE
-35.1%▼
2024 · 47.6%
ROA
-3.4%▼
2024 · 36.9%
Interest coverage
0.35▼
2024 · 37.52
Debt ≤ 1 year
€831,829▲
2024 · €97,458
Debt > 1 year
€1.6m
Income taxes
€264▼
2024 · €59,014
Staff costs
€147,214
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 1,038 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €147,214 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,882 | €9,231 | €11,255 | €6,688 | €71,849 | ▲ 974% |
| Other operating charges640/8 | €1,214 | €1,298 | €2,019 | €4,032 | €10,448 | ▲ 159% |
| Gross operating margin9900 | €50,844 | €38,574 | €124,702 | €236,961 | €170,249 | ▼ 28.2% |
| Operating profit (loss)9901 | €44,747 | €28,045 | €111,428 | €226,241 | -€59,262 | ▼ 126% |
| Financial income75/76B | €49 | €30 | €52 | €7,417 | €3,318 | ▼ 55.3% |
| Recurring financial income75 | €49 | €30 | €52 | €7,417 | €3,318 | ▼ 55.3% |
| Financial charges65/66B | €2,517 | €1,314 | €1,560 | €6,208 | €35,811 | ▲ 477% |
| Recurring financial charges65 | €1,659 | €1,314 | €1,560 | €6,208 | €35,811 | ▲ 477% |
| Non-recurring financial charges66B | €858 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €42,279 | €26,761 | €109,920 | €227,451 | -€91,755 | ▼ 140% |
| Income taxes67/77 | €11,948 | €7,929 | €32,643 | €59,014 | €264 | ▼ 99.6% |
| Profit (loss) for the period9904 | €30,331 | €18,832 | €77,277 | €168,437 | -€92,019 | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €30,331 | €18,832 | €77,277 | €168,437 | -€92,019 | ▼ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,086 | €186,819 | €262,774 | €456,989 | €2.7m | ▲ 495% |
| Fixed assets21/28 | €23,881 | €38,004 | €28,034 | €6,996 | €2.0m | ▲ 28,476% |
| Intangible fixed assets21 | - | - | €1,235 | - | €1.9m | - |
| Tangible fixed assets22/27 | €23,856 | €37,979 | €26,774 | €6,971 | €27,659 | ▲ 297% |
| Plant, machinery and equipment23 | €1,027 | €940 | €853 | - | €26,696 | - |
| Furniture and vehicles24 | €18,418 | €31,869 | €21,871 | €4,647 | €962 | ▼ 79.3% |
| Other tangible fixed assets26 | €4,412 | €5,170 | €4,050 | €2,324 | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €50,000 | ▲ 199,900% |
| Current assets29/58 | €129,205 | €148,815 | €234,740 | €449,993 | €718,252 | ▲ 59.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €40,033 | - |
| Other amounts receivable291 | - | - | - | - | €40,033 | - |
| Stocks and contracts in progress3 | €37,984 | €59,051 | €56,223 | - | €237,123 | - |
| Stocks30/36 | €37,984 | €59,051 | €56,223 | - | €237,123 | - |
| Amounts receivable within one year40/41 | €30,547 | €19,868 | €28,495 | €30,774 | €98,673 | ▲ 221% |
| Trade receivables40 | €16,832 | €15,302 | €16,444 | €4,050 | €16,619 | ▲ 310% |
| Other amounts receivable41 | €13,714 | €4,566 | €12,051 | €26,723 | €82,054 | ▲ 207% |
| Current investments50/53 | - | - | €5,000 | - | - | - |
| Cash at bank and in hand54/58 | €58,887 | €48,017 | €138,476 | €406,078 | €299,815 | ▼ 26.2% |
| Deferred charges and accrued income490/1 | €1,788 | €21,879 | €6,546 | €13,141 | €42,609 | ▲ 224% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,086 | €186,819 | €262,774 | €456,989 | €2.7m | ▲ 495% |
| Equity10/15 | €77,253 | €108,485 | €185,761 | €354,198 | €262,179 | ▼ 26.0% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €71,053 | €89,885 | €167,161 | €167,161 | €167,161 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €69,193 | €88,025 | €165,301 | €165,301 | €165,301 | = |
| Profit (loss) carried forward14 | - | - | - | €168,437 | €76,417 | ▼ 54.6% |
| Amounts payable17/49 | €75,834 | €78,334 | €77,013 | €102,791 | €2.5m | ▲ 2,289% |
| Amounts payable after more than one year17 | €24,250 | €12,167 | €14,600 | - | €1.6m | - |
| Financial debts170/4 | €2,250 | €567 | - | - | €1.6m | - |
| Other amounts payable178/9 | €22,000 | €11,600 | €14,600 | - | - | - |
| Amounts payable within one year42/48 | €48,267 | €62,167 | €57,666 | €97,458 | €831,829 | ▲ 754% |
| Current portion of amounts payable after more than one year42 | €1,658 | €1,683 | €567 | - | €169,435 | - |
| Financial debts43 | - | - | - | - | €100,000 | - |
| Credit institutions430/8 | - | - | - | - | €100,000 | - |
| Trade debts44 | €4,365 | €16,882 | €7,051 | €2,587 | €476,101 | ▲ 18,305% |
| Suppliers440/4 | €4,365 | €16,882 | €7,051 | €2,587 | €476,101 | ▲ 18,305% |
| Advances received on contracts in progress46 | €39,656 | €39,416 | €14,117 | - | - | - |
| Taxes, remuneration and social security45 | €1,945 | €3,264 | €35,904 | €92,722 | €86,293 | ▼ 6.9% |
| Taxes450/3 | €1,945 | €3,264 | €35,904 | €92,722 | €59,867 | ▼ 35.4% |
| Remuneration and social security454/9 | - | - | - | - | €26,427 | - |
| Other amounts payable47/48 | €643 | €922 | €28 | €2,150 | - | - |
| Accrued charges and deferred income492/3 | €3,316 | €4,000 | €4,747 | €5,332 | €34,053 | ▲ 539% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,331 | €18,832 | €77,277 | €168,437 | -€92,019 | ▼ 155% |
| + Depreciation and write-downs630 | €4,882 | €9,231 | €11,255 | €6,688 | €71,849 | ▲ 974% |
| Operating cash flow (approximation) | €35,213 | €28,063 | €88,531 | €175,125 | -€20,170 | ▼ 112% |
| Investment in fixed assets (approximation) | - | -€23,354 | -€1,285 | €14,351 | -€2.1m | ▼ 14,483% |
| Change in cash | - | -€10,870 | €90,459 | €267,602 | -€106,263 | ▼ 140% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€92,019
Net result drops to -€92,019, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €168,437 ▲118%
Operating result €226,241, net result €168,437, both a record.
31-12
Financial
Equity above €200,000Eq €354,198 ▲90.7%
6 profitable years in a row build equity to €354,198.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €185,761 ▲71.2%
5 profitable years in a row build equity to €185,761.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Equity above €100,000Eq €108,485 ▲40.4%
4 profitable years in a row build equity to €108,485.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €7,010
Net result €7,010 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.32
Current ratio from 0.99 to 2.32; short-term debt falls from €54,544 to €29,823.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Namur · 1 establishment unit since 2013
Ground area
1,637 m²
Building footprint
1,677 m²
Volume, LiDAR
37,124 m³
Parcel 92094C0821/00B000, Wallonia · tallest building 29.5 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NDB DIFFUSION
since 20132.224.704.007
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0821/00B000 | Wallonia | 1,637 m² | 1 · 1,677 m² | 29.5 m · 7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of NDB DIFFUSION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.224.704.007
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,945 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
Founded28-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542558810
Also
9925:BE0542558810
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.