NEBULINE
ActiveSummary
NEBULINE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30,317 and a net result of €6,179. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-17
Solvency82▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.19 against 3.34 in 2023; short-term debt: 43% and cash: 39.4% of total assets), and 43% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
57%
Return on assets
11.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
319 d late
2022
132 d late
2021
22 d late
2020
387 d late
2019
752 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 285 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,179▼ 76.9%
2023 · €26,753
Working capital
€27,173▲ 34.5%
2023 · €20,208
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,310€11,765▲ 122%€14,943▲ 27.0%€26,907▲ 80.1%€6,673▼ 75.2%
Net result€5,310within the sector's middle half€11,765within the sector's middle half▲ 122%€14,943within the sector's middle half▲ 27.0%€26,753above the sector's middle half▲ 79.0%€6,179within the sector's middle half▼ 76.9%
Equity-€29,323below the sector's middle half▼ 6.1%-€17,558below the sector's middle half▲ 40.1%-€2,615below the sector's middle half▲ 85.1%€24,138within the sector's middle half€30,317within the sector's middle half▲ 25.6%
Total assets€2,560below the sector's middle half▲ 13.3%€11,387below the sector's middle half▲ 345%€21,305below the sector's middle half▲ 87.1%€32,774below the sector's middle half▲ 53.8%€53,229below the sector's middle half▲ 62.4%
Debt€31,883▲ 6.7%€28,945▼ 9.2%€23,920▼ 17.4%€8,636▼ 63.9%€22,913▲ 165%
Working capital-€29,323below the sector's middle half▼ 6.1%-€17,558below the sector's middle half▲ 40.1%-€2,615below the sector's middle half▲ 85.1%€20,208within the sector's middle half€27,173within the sector's middle half▲ 34.5%
Solvency-154.2%below the sector's middle half-12.3%below the sector's middle half▲ 141.9pp73.7%above the sector's middle half▲ 85.9pp57.0%within the sector's middle half▼ 16.7pp
Current ratio0.39below the sector's middle half0.89below the sector's middle half▲ 0.503.34within the sector's middle half▲ 2.452.19within the sector's middle half▼ 1.15
Return on assets (ROA)103.3%above the sector's middle half70.1%above the sector's middle half▼ 33.2pp81.6%above the sector's middle half▲ 11.5pp11.6%within the sector's middle half▼ 70.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 75% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,229
Fixed assets
€3,144 ▼ 20.0%
Current assets
€50,085 ▲ 73.6%
Equity and liabilities €53,229
Equity
€30,317 ▲ 25.6%
Debt
€22,913 ▲ 165%
Debt's share of the balance-sheet total rises from 26.3% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,459
Cash flow
€6,965
Quick ratio
1.02▲
2023 · 0.86
Debt to equity
0.76▲
2023 · 0.36
ROE
20.4%▼
2023 · 110.8%
Interest coverage
34.92
Debt ≤ 1 year
€22,913▲
2023 · €8,636
Income taxes
€281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €786 | - |
| Other operating charges640/8 | €348 | €348 | €348 | €384 | €2,197 | ▲ 472% |
| Gross operating margin9900 | €5,658 | €12,112 | €15,290 | €27,291 | €9,657 | ▼ 64.6% |
| Operating profit (loss)9901 | €5,310 | €11,765 | €14,943 | €26,907 | €6,673 | ▼ 75.2% |
| Financial charges65/66B | - | - | - | €153 | €214 | ▲ 39.5% |
| Recurring financial charges65 | - | - | - | €153 | €214 | ▲ 39.5% |
| Profit (loss) for the period before taxes9903 | €5,310 | €11,765 | €14,943 | €26,753 | €6,459 | ▼ 75.9% |
| Income taxes67/77 | - | - | - | - | €281 | - |
| Profit (loss) for the period9904 | €5,310 | €11,765 | €14,943 | €26,753 | €6,179 | ▼ 76.9% |
| Profit (loss) for the period to be appropriated9905 | €5,310 | €11,765 | €14,943 | €26,753 | €6,179 | ▼ 76.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,560 | €11,387 | €21,305 | €32,774 | €53,229 | ▲ 62.4% |
| Fixed assets21/28 | - | - | - | €3,930 | €3,144 | ▼ 20.0% |
| Tangible fixed assets22/27 | - | - | - | €3,930 | €3,144 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | - | €3,930 | €3,144 | ▼ 20.0% |
| Current assets29/58 | €2,560 | €11,387 | €21,305 | €28,844 | €50,085 | ▲ 73.6% |
| Stocks and contracts in progress3 | €100 | €8,570 | €19,455 | €21,448 | €26,700 | ▲ 24.5% |
| Stocks30/36 | €100 | €8,570 | €19,455 | €21,448 | €26,700 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €1,933 | €1,431 | €1,850 | €4,295 | €2,387 | ▼ 44.4% |
| Trade receivables40 | €1,933 | €1,431 | €1,850 | €4,295 | €2,387 | ▼ 44.4% |
| Cash at bank and in hand54/58 | €528 | €1,386 | - | €3,101 | €20,999 | ▲ 577% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,560 | €11,387 | €21,305 | €32,774 | €53,229 | ▲ 62.4% |
| Equity10/15 | -€29,323 | -€17,558 | -€2,615 | €24,138 | €30,317 | ▲ 25.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€49,783 | -€38,018 | -€23,075 | €3,678 | €9,857 | ▲ 168% |
| Amounts payable17/49 | €31,883 | €28,945 | €23,920 | €8,636 | €22,913 | ▲ 165% |
| Amounts payable within one year42/48 | €31,883 | €28,945 | €23,920 | €8,636 | €22,913 | ▲ 165% |
| Financial debts43 | €14,000 | €6,500 | €15 | - | - | - |
| Credit institutions430/8 | €14,000 | €6,500 | €15 | - | - | - |
| Trade debts44 | €1,370 | €3,215 | €3,070 | €2,044 | €9,856 | ▲ 382% |
| Suppliers440/4 | €1,370 | €3,215 | €3,070 | €2,044 | €9,856 | ▲ 382% |
| Taxes, remuneration and social security45 | €125 | €2,901 | €3,915 | €1,795 | €8,260 | ▲ 360% |
| Taxes450/3 | €125 | €2,901 | €3,915 | €1,795 | €8,260 | ▲ 360% |
| Other amounts payable47/48 | €16,388 | €16,328 | €16,919 | €4,796 | €4,796 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,310 | €11,765 | €14,943 | €26,753 | €6,179 | ▼ 76.9% |
| + Depreciation and write-downs630 | - | - | - | - | €786 | - |
| Operating cash flow (approximation) | €5,310 | €11,765 | €14,943 | €26,753 | €6,965 | ▼ 74.0% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €858 | - | - | €17,897 | - |
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
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 319 days late
2023
31-12
Financial
Highest result since 2018net €26,753 ▲79%
Operating result €26,907, net result €26,753, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.34
Current ratio from 0.89 to 3.34; short-term debt falls from €23,920 to €8,636.
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 132 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 387 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 752 days late
2020
31-12
Financial
Back to profitnet €5,310
Net result €5,310 after 2 loss-making years.
16-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 229 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 594 days late
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 128 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2007
Ground area
158 m²
Building footprint
141 m²
Volume, LiDAR
1,217 m³
Parcel 25782D0512/00K000, Wallonia · tallest building 14.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
NEBULINE
since 20072.163.439.894
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0512/00K000 | Wallonia | 158 m² | 1 · 141 m² | 14.0 m · 2 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.
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Of 1,567 companies in this sector we hold annual accounts for 920. 429 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
82300Organisation of conventions and trade shows
Contact
E-mail
info@nebuline.beNivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890218488
Also
9925:BE0890218488
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.