NELCATH
ActiveThe computed 12-month bankruptcy probability of NELCATH is 1.8% (moderate). The 2024 annual accounts show equity of €10k and a net result of €5k. Equity is shrinking by ~61.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 35% of 6161 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▲+34
Solvency30▲+1
Growth55▲+17
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.04 against 0.88 in 2023; short-term debt: 87.2% and cash: 2.6% of total assets), and 95.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
4.7%
Return on assets
2.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
29 d early
2022
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€526k▲ 73.2%
2023 · €303k
2022: €291k
2023: €303k
2022 → 2024
EBIT margin
2.4%▲ 7.2pp
2023 · -4.8%
2022: 10.0%
2023: -4.8%
2022 → 2024
Net result
€5k
2023 · €-18k
2022: €20k
2023: €-18k
2022 → 2024
Working capital
€9k
2023 · €-16k
2022: €1k
2023: €-16k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€291k-€303k▲ 4.3%€526k▲ 73.2%
Equity€23k-€6k▼ 75.6%€10k▲ 83.7%
Operating result€29k-€-15k€13k
Net result€20k-€-18k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €15k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224k
Fixed assets
€20k▼ 27.9%
Current assets
€204k▲ 61.9%
Equity and liabilities €224k
Equity
€10k▲ 83.7%
Debt
€213k▲ 44.3%
The debt ratio falls from 96.3% to 95.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▲
2023 · €-6k
Cash flow
€13k▲
2023 · €-10k
Solvency
4.7%▲
2023 · 3.7%
Current ratio
1.04▲
2023 · 0.88
Quick ratio
0.11▲
2023 · 0.09
Debt / equity
20.36▼
2023 · 25.91
ROE
45.6%▲
2023 · -309.5%
ROA
2.1%▲
2023 · -11.5%
Interest coverage
2.67▲
2023 · -2.05
Debt
€213k▲
2023 · €148k
Debt ≤ 1 year
€195k▲
2023 · €142k
Debt > 1 year
€18k▲
2023 · €5k
Income taxes
€205
Staff costs
€8k▲
2023 · €169
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€154k€224k▲
Fixed assets21/28€28k€20k▼
Tangible fixed assets22/27€28k€20k▼
Furniture and vehicles24€28k€20k▼
Financial fixed assets28-€385
Current assets29/58€126k€204k▲
Stocks and contracts in progress3€114k€184k▲
Stocks30/36€114k€184k▲
Amounts receivable within one year40/41€1k€13k▲
Trade receivables40€1k€13k▲
Other amounts receivable41€10-
Cash at bank and in hand54/58€6k€6k▼
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€154k€224k▲
Equity10/15€6k€10k▲
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Share premium1100/10€3k€3k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-17k€-13k▲
Amounts payable17/49€148k€213k▲
Amounts payable after more than one year17€5k€18k▲
Financial debts170/4€5k€18k▲
Amounts payable within one year42/48€142k€195k▲
Current portion of amounts payable after more than one year42€8k€18k▲
Trade debts44€61k€48k▼
Suppliers440/4€61k€48k▼
Taxes, remuneration and social security45€33k€35k▲
Taxes450/3€33k€35k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€40k€95k▲
Income statement
Code20232024
Turnover70€303k€526k▲
Goods, raw materials, services and sundry goods60/61€313k€499k▲
Remuneration, social security and pensions62€169€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-4k€30k▲
Operating profit (loss)9901€-15k€13k▲
Financial income75/76B€14€101▲
Recurring financial income75€14€101▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€-18k€5k▲
Income taxes67/77-€205
Profit (loss) for the period9904€-18k€5k▲
Profit (loss) for the period to be appropriated9905€-18k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-13k▲
Profit (loss) brought forward from the previous period14P€370€-17k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k ▼187%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Spa · 1 establishment unit since 2022
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.
Avenue Prof. Henrijean 1514900 SpaGround area
219 m²
Building footprint
109 m²
Volume, LiDAR
1,530 m³
Parcel 63072G0790/00M000, Wallonia · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Nelson Concept Store
since 20222.333.143.671
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072G0790/00M000 | Wallonia | 219 m² | 1 · 109 m² | 15.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MIRALLI
BE 1022.763.149
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La Rose Institut
BE 1009.733.871
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TASEANNO
BE 0685.868.093
Ukkel · Eq €11k
ESSENTIELLES
BE 0821.122.618
Antwerpen · Eq €11k
BEAUTYLOUNGE
BE 1001.917.948
Temse · Eq €10k
Of 24,862 companies in sector 96220 we hold annual accounts for 1,441. 1,093 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2022
Fiscal year end31-12
Activities, NACEBEL
96022Beauty treatment
96220Beauty care and other beauty treatments
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:nelson.conceptstore@gmail.com