Result
-€92,019 -€92,019
From profit to loss in 2025, after a profit of €168,437 in 2024.
NDB DIFFUSION
Lifetime
12 annual accounts with figures on one time axispeak €236,961 (2024)
€170,249▼ 28.2%
lowest -€92,019 (2025)
-€92,019▼ €260,456
peak €354,198 (2024)
€262,179▼ 26.0%
€2.5m▲ 24×
Board2 names since 2013
2 directorsDE BROUWER Nicolas and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025micro format
Gross margin from €236,961 to €170,249Loss of €92,019Purpose change · Amendment of the articles · Resignations & a… 14-03Registered office moved from Overijse to Namur 12-03Equity from €354,198 to €262,179Debts from €102,791 to €2.5m
Key points
from the 2025 annual accountsDebts
€2.5m 90% of the balance sheet
Financial debts 69%Suppliers 19%Taxes and wages 4%Other 8%
Of this, €831,829 falls due within a year.
Investments
€2.0m 28.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.86 was 4.62 in 2024
Short-term debts rose from €97,458 to €831,829.
Filings
12 annual accounts since 2014
Seven of the last ten came late. The 2019 accounts came latest: 47 days after the end of the period.
Position in the sector
-€92,019
Lower net result than 95% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
81
Excellent
Financially stronger than 28% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 0.2%▲ +0.2 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Equity €262,179 (9.6% of total assets)
1 change of registered office in 24 months
lowers risk
Size: total assets €2.7m
Figures for financial year 2025 (filed on 08-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 22% of them on solvency, 65% on liquidity, 12% on profitability and 14% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,037 companies had the same profile as NDB DIFFUSION has now. Each dot stands for 3 companies, two years later.
93.8%
were still trading
2.9%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NDB DIFFUSION itself is lower: 0.4% within 12 months. It rests on far more data about NDB DIFFUSION than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,037 companies, not a prediction for NDB DIFFUSION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (4.62 in 2024), below 1. Short-term debt is 30.6% and cash 11% of total assets. 90.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
38 days early
2023
15 days early
2022
8 days late
2021
25 days late
2020
31 days late
2019
47 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0542558810
Purpose change · Amendment of the articles · Resignations & appointments
“La société peut procéder à toutes opérations commerciales,industrielles,immobilières,mobilières ou financières…” (deed in French) · General meeting of 03-03-2025 · Gazette deed
Registered office moved from Overijse to Namur
New registered office: rue des Echasseurs 1, 5000 Namur · Previous registered office: Langeweg 117, 3090 Overijse · Gazette deed
Resignation: DE BROUWER Nicolas (manager)
Reappointment: DE BROUWER Nicolas (director) · “Het aanleggen,het oordeelkundig beheer en het uitbreiden van een onroerend vermogen,met inbegrip van alle…” (deed in Dutch) · Director discharge: DE BROUWER Nicolas (manager) · General meeting of 13-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NDB DIFFUSION Namur | €2.7m | €170,249 | 9.6% | - |
| VANDEN MEERSSCHE RETAIL Dilbeek | €3.1m | €181,940 | 42.3% | - |
| V & V Vending Real Estate Berlaar | €2.4m | €143,158 | 26.0% | - |
| BHADAR INTERNATIONAL BUSINESS Brussels | €1.9m | €148,988 | 6.2% | 4.3 |
| Biedronka Genk Genk | €2.6m | €237,129 | 8.9% | - |
| RG FOOD Braine-le-Château | €4.1m | €213,719 | -0.6% | 0 |
| O'LIFE NATURAL Zaventem | €3.0m | €163,972 | 45.6% | - |
These companies have the same main activity as NDB DIFFUSION: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.9m and €4.1m, founded between 2011 and 2017.
Official details
Source: KBO- Status
- Active since 28-11-2013Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 2 others
- Establishment unit
- 2.224.704.0075000 Namur, since 01-12-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- ≈ €1.4mestimated
- €2.7m▲ 495%
- Employeeson 31-12-2025
- 11
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on NDB DIFFUSION
NDB DIFFUSION files the micro format. That format states no turnover. The gross margin rose from €9,215 in 2014 to €170,249 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NDB DIFFUSION
- What is the company number of NDB DIFFUSION?
- The company number of NDB DIFFUSION is 0542.558.810. The VAT number is the same number with BE in front: BE 0542.558.810.
- Where is NDB DIFFUSION based?
- The registered office is at Rue des Echasseurs 1, 5000 Namur.Company details
- What does NDB DIFFUSION do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of NDB DIFFUSION?
- NDB DIFFUSION is a private limited company (BV).
- When was NDB DIFFUSION founded?
- NDB DIFFUSION was founded on 28-11-2013.
- Is NDB DIFFUSION still active?
- Yes, NDB DIFFUSION is an active enterprise in the KBO register.
- How many employees does NDB DIFFUSION have?
- NDB DIFFUSION had an average of 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of NDB DIFFUSION?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €170,249 and 70 comparable companies (NACE 47110). It probably lies between €970,000 and €1.8m.
- Is NDB DIFFUSION profitable?
- In financial year 2025, NDB DIFFUSION made a loss of €92,019.
- Where can I find the annual accounts of NDB DIFFUSION?
- NDB DIFFUSION filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NDB DIFFUSION due?
- NDB DIFFUSION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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