NENUPHAR
ActiveSummary
NENUPHAR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €116,559. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 3787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency64▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.35 in 2024; short-term debt: 30.1% and cash: 1.3% of total assets), and 60.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.2%
Return on assets
3.7%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
14 d early
2023
2 d early
2022
5 d early
2021
12 d early
2020
8 d early
2019
25 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 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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. Usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▲ 1.3%
2024 · €1.2m
Total assets
€3.2m▼ 8.4%
2024 · €3.5m
Net result
€116,559▼ 47.2%
2024 · €220,808
Working capital
-€615,106▼ 8.0%
2024 · -€569,687
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 56, Food and beverage service activities, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€574,299▲ 275%€378,464▼ 34.1%€307,532▼ 18.7%€408,808▲ 32.9%€255,394▼ 37.5%
Net result€442,639above the sector's middle half▲ 274%€238,192above the sector's middle half▼ 46.2%€156,931above the sector's middle half▼ 34.1%€220,808above the sector's middle half▲ 40.7%€116,559above the sector's middle half▼ 47.2%
Equity€616,997above the sector's middle half▲ 127%€855,190above the sector's middle half▲ 38.6%€1.0mabove the sector's middle half▲ 18.4%€1.2mabove the sector's middle half▲ 21.8%€1.2mabove the sector's middle half▲ 1.3%
Total assets€3.6mabove the sector's middle half▲ 91.5%€3.6mabove the sector's middle half▼ 0.7%€3.5mabove the sector's middle half▼ 1.8%€3.5mabove the sector's middle half▼ 0.6%€3.2mabove the sector's middle half▼ 8.4%
Debt€3.0m▲ 85.6%€2.7m▼ 8.9%€2.5m▼ 8.2%€2.2m▼ 9.7%€1.9m▼ 13.7%
Working capital-€869,474below the sector's middle half▼ 160%-€812,937below the sector's middle half▲ 6.5%-€773,814below the sector's middle half▲ 4.8%-€569,687below the sector's middle half▲ 26.4%-€615,106below the sector's middle half▼ 8.0%
Solvency17.2%within the sector's middle half▲ 2.7pp24.0%within the sector's middle half▲ 6.8pp28.9%within the sector's middle half▲ 4.9pp35.4%within the sector's middle half▲ 6.5pp39.2%within the sector's middle half▲ 3.8pp
Current ratio0.33below the sector's middle half▼ 0.270.32below the sector's middle half▼ 0.010.30below the sector's middle half▼ 0.020.35below the sector's middle half▲ 0.060.36below the sector's middle half▲ 0.01
Return on assets (ROA)12.3%within the sector's middle half▲ 6.0pp6.7%within the sector's middle half▼ 5.6pp4.5%within the sector's middle half▼ 2.2pp6.3%within the sector's middle half▲ 1.9pp3.7%within the sector's middle half▼ 2.7pp
Staff (FTE)16.3above the sector's middle half▲ 13.2%18.9above the sector's middle half▲ 16.0%22.3above the sector's middle half▲ 18.0%26.3above the sector's middle half▲ 17.9%30.9above the sector's middle half▲ 17.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€2.8m ▼ 10.3%
Current assets
€345,985 ▲ 10.8%
Equity and liabilities €3.2m
Equity
€1.2m ▲ 1.3%
Debt
€1.9m ▼ 13.7%
Debt's share of the balance-sheet total falls from 64.6% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€543,658▼
2024 · €684,366
Cash flow
€404,824▼
2024 · €496,366
Quick ratio
0.28▼
2024 · 0.28
Debt to equity
1.55▼
2024 · 1.82
ROE
9.3%▼
2024 · 17.9%
Interest coverage
6.57▼
2024 · 7.07
Debt ≤ 1 year
€961,091▲
2024 · €882,084
Debt > 1 year
€936,879▼
2024 · €1.4m
Income taxes
€56,547▼
2024 · €92,132
Staff costs
€832,812▲
2024 · €759,469
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 6,048 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 | €398,177 | €575,592 | €682,363 | €759,469 | €832,812 | ▲ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167,305 | €229,228 | €261,083 | €275,558 | €288,264 | ▲ 4.6% |
| Other operating charges640/8 | €4,922 | €11,976 | €12,792 | €9,822 | €10,374 | ▲ 5.6% |
| Non-recurring operating charges66A | - | - | - | - | €35,679 | - |
| Gross operating margin9900 | €1.1m | €1.2m | €1.3m | €1.5m | €1.4m | ▼ 2.1% |
| Operating profit (loss)9901 | €574,299 | €378,464 | €307,532 | €408,808 | €255,394 | ▼ 37.5% |
| Financial income75/76B | €7,083 | €5,343 | €929 | €977 | €463 | ▼ 52.6% |
| Recurring financial income75 | €7,083 | €5,343 | €929 | €977 | €463 | ▼ 52.6% |
| Financial charges65/66B | €38,212 | €51,082 | €85,427 | €96,846 | €82,750 | ▼ 14.6% |
| Recurring financial charges65 | €38,212 | €51,082 | €85,427 | €96,846 | €82,750 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €543,170 | €332,725 | €223,034 | €312,939 | €173,106 | ▼ 44.7% |
| Income taxes67/77 | €100,531 | €94,533 | €66,103 | €92,132 | €56,547 | ▼ 38.6% |
| Profit (loss) for the period9904 | €442,639 | €238,192 | €156,931 | €220,808 | €116,559 | ▼ 47.2% |
| Profit (loss) for the period to be appropriated9905 | €442,639 | €238,192 | €156,931 | €220,808 | €116,559 | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.6m | €3.5m | €3.5m | €3.2m | ▼ 8.4% |
| Fixed assets21/28 | €3.2m | €3.2m | €3.2m | €3.2m | €2.8m | ▼ 10.3% |
| Intangible fixed assets21 | €3,751 | €4,089 | €3,059 | €2,029 | €998 | ▼ 50.8% |
| Tangible fixed assets22/27 | €3.2m | €3.2m | €3.2m | €3.2m | €2.8m | ▼ 10.2% |
| Land and buildings22 | €2.9m | €2.9m | €2.7m | €2.5m | €2.4m | ▼ 5.1% |
| Plant, machinery and equipment23 | €269,281 | €285,604 | €317,537 | €330,613 | €359,074 | ▲ 8.6% |
| Furniture and vehicles24 | €22,300 | €7,382 | €136,739 | €304,657 | €81,044 | ▼ 73.4% |
| Financial fixed assets28 | €3,145 | €2,598 | €4,772 | €4,772 | €4,772 | = |
| Current assets29/58 | €420,563 | €381,734 | €327,893 | €312,397 | €345,985 | ▲ 10.8% |
| Stocks and contracts in progress3 | €92,914 | €94,302 | €63,644 | €62,097 | €77,325 | ▲ 24.5% |
| Stocks30/36 | €92,914 | €94,302 | €63,644 | €62,097 | €77,325 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €142,414 | €223,383 | €206,361 | €182,549 | €200,805 | ▲ 10.0% |
| Trade receivables40 | €18,159 | €85,388 | €104,010 | €76,643 | €30,844 | ▼ 59.8% |
| Other amounts receivable41 | €124,255 | €137,996 | €102,351 | €105,906 | €169,961 | ▲ 60.5% |
| Current investments50/53 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Cash at bank and in hand54/58 | €163,532 | €41,148 | €34,775 | €39,264 | €41,112 | ▲ 4.7% |
| Deferred charges and accrued income490/1 | €6,703 | €7,900 | €8,113 | €13,487 | €11,743 | ▼ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.6m | €3.5m | €3.5m | €3.2m | ▼ 8.4% |
| Equity10/15 | €616,997 | €855,190 | €1.0m | €1.2m | €1.2m | ▲ 1.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Profit (loss) carried forward14 | €596,537 | €834,730 | €991,660 | €1.2m | €1.2m | ▲ 1.4% |
| Amounts payable17/49 | €3.0m | €2.7m | €2.5m | €2.2m | €1.9m | ▼ 13.7% |
| Amounts payable after more than one year17 | €1.7m | €1.5m | €1.4m | €1.4m | €936,879 | ▼ 31.1% |
| Financial debts170/4 | €1.7m | €1.5m | €1.4m | €1.4m | €936,879 | ▼ 31.1% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €1.1m | €882,084 | €961,091 | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | €271,539 | €275,324 | €282,120 | €235,020 | €256,876 | ▲ 9.3% |
| Financial debts43 | €50,000 | €46,352 | €48,998 | €34,615 | €56,802 | ▲ 64.1% |
| Credit institutions430/8 | €50,000 | €46,352 | €48,998 | €34,615 | €27,636 | ▼ 20.2% |
| Other loans439 | - | - | - | - | €29,166 | - |
| Trade debts44 | €316,641 | €307,185 | €364,694 | €290,638 | €232,418 | ▼ 20.0% |
| Suppliers440/4 | €316,641 | €307,185 | €364,694 | €290,638 | €232,418 | ▼ 20.0% |
| Taxes, remuneration and social security45 | €37,687 | €79,557 | €83,733 | €119,583 | €98,505 | ▼ 17.6% |
| Taxes450/3 | €1,369 | €5,751 | €14,489 | €15,429 | €18,078 | ▲ 17.2% |
| Remuneration and social security454/9 | €36,319 | €73,805 | €69,244 | €104,154 | €80,427 | ▼ 22.8% |
| Other amounts payable47/48 | €614,170 | €486,252 | €322,163 | €202,227 | €316,490 | ▲ 56.5% |
| Accrued charges and deferred income492/3 | €12,344 | €7,091 | €10,412 | €5,058 | €40,615 | ▲ 703% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €442,639 | €238,192 | €156,931 | €220,808 | €116,559 | ▼ 47.2% |
| + Depreciation and write-downs630 | €167,305 | €229,228 | €261,083 | €275,558 | €288,264 | ▲ 4.6% |
| Operating cash flow (approximation) | €609,944 | €467,421 | €418,014 | €496,366 | €404,824 | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | -€242,776 | -€249,498 | -€271,306 | €36,354 | ▲ 113% |
| Change in cash | - | -€122,384 | -€6,372 | €4,489 | €1,848 | ▼ 58.8% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲18.4%
6 profitable years in a row build equity to €1.0m.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €442,639 ▲274%
Operating result €574,299, net result €442,639, both a record.
31-12
Financial
Equity above €500,000Eq €616,997 ▲127%
4 profitable years in a row build equity to €616,997.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €272,358 ▲76.8%
3 profitable years in a row build equity to €272,358.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €75,510 ▼75.4%
Net result drops to €75,510, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Equity above €150,000Eq €154,039 ▲96.2%
2 profitable years in a row build equity to €154,039.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2012
Ground area
1,416 m²
Building footprint
429 m²
Volume, LiDAR
2,103 m³
Parcel 44002B0112/00G000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NENUPHAR
since 20122.213.453.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0112/00G000 | Flanders | 1,416 m² | 1 · 429 m² | 10.1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- Brepo
- NENUPHAR
Highest known parent: Brepo. The sources do not say who stands above it.
Owners 1
- BrepoparentSourceaccounts Brepo 202590.32%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 siteGent2.213.453.787
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Of 20,500 companies in sector 56111 we hold annual accounts for 11,464. 3,532 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
Founded16-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
55100Hotels and similar accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843775680
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.