NICOLAS STUART
ActiveNICOLAS STUART has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537k and a net result of €95k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency98▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 4.46 in 2024), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
57.9%
Return on assets
10.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
27 d late
2022
31 d late
2021
29 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€537k▲ 21.4%
2024 · €443k
2018: €116k
2019: €154k
2020: €226k
2021: €278k
2022: €341k
2023: €447k
2024: €443k
2018 → 2025
Total assets
€928k▲ 12.6%
2024 · €824k
2018: €189k
2019: €193k
2020: €293k
2021: €748k
2022: €784k
2023: €858k
2024: €824k
2018 → 2025
Net result
€95k▼ 1.3%
2024 · €96k
2018: €153k
2019: €58k
2020: €72k
2021: €52k
2022: €63k
2023: €106k
2024: €96k
2018 → 2025
Working capital
€342k▲ 39.3%
2024 · €246k
2018: €117k
2019: €153k
2020: €226k
2021: €103k
2022: €163k
2023: €250k
2024: €246k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€341k▲ 22.6%€447k▲ 31.2%€443k▼ 0.9%€537k▲ 21.4%
Operating result€81k-€84k▲ 4.6%€132k▲ 56.6%€130k▼ 1.2%€129k▼ 1.1%
Net result€52k-€63k▲ 21.9%€106k▲ 69.0%€96k▼ 9.8%€95k▼ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €928k
Fixed assets
€477k▼ 5.9%
Current assets
€451k▲ 42.3%
Equity and liabilities €928k
Equity
€537k▲ 21.4%
Debt
€391k▲ 2.5%
The debt ratio falls from 46.3% to 42.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€159k▼
2024 · €160k
Cash flow
€124k▼
2024 · €125k
Solvency
57.9%▲
2024 · 53.7%
Current ratio
4.16▼
2024 · 4.46
Quick ratio
4.16▼
2024 · 4.46
Debt / equity
0.73▼
2024 · 0.86
ROE
17.6%▼
2024 · 21.6%
ROA
10.2%▼
2024 · 11.6%
Interest coverage
30.94▲
2024 · 29.61
Debt
€391k▲
2024 · €381k
Debt ≤ 1 year
€108k▲
2024 · €71k
Debt > 1 year
€282k▼
2024 · €310k
Income taxes
€40k▲
2024 · €39k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€824k€928k▲
Fixed assets21/28€507k€477k▼
Tangible fixed assets22/27€507k€477k▼
Land and buildings22€483k€460k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€12k€7k▼
Current assets29/58€317k€451k▲
Amounts receivable within one year40/41€241k€290k▲
Trade receivables40€54k€63k▲
Other amounts receivable41€187k€227k▲
Cash at bank and in hand54/58€74k€159k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€824k€928k▲
Equity10/15€443k€537k▲
Contributions10/11€12k€12k=
Reserves13€427k€521k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€425k€519k▲
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€381k€391k▲
Amounts payable after more than one year17€310k€282k▼
Financial debts170/4€310k€282k▼
Amounts payable within one year42/48€71k€108k▲
Current portion of amounts payable after more than one year42€38k€38k▲
Trade debts44€12k€4k▼
Suppliers440/4€12k€4k▼
Advances received on contracts in progress46-€34k
Taxes, remuneration and social security45€21k€33k▲
Taxes450/3€21k€33k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€163k€162k▼
Operating profit (loss)9901€130k€129k▼
Financial income75/76B€10k€10k▼
Recurring financial income75€10k€10k▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€135k€134k▼
Income taxes67/77€39k€40k▲
Profit (loss) for the period9904€96k€95k▼
Profit (loss) for the period to be appropriated9905€96k€95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€98k▼
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer from equity791/2€100k-
Transfer to equity691/2€96k€95k▼
To other reserves6921€96k€95k▼
Profit to be distributed694/7€100k-
Return on contributions (dividend)694€100k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €500kEq €537k ▲21.4%
8 profitable years in a row build equity to €537k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €52k ▼28.6%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €200kEq €226k ▲46.9%
3 profitable years in a row build equity to €226k.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Equity above €150kEq €154k ▲33.2%
2 profitable years in a row build equity to €154k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudergem · 1 establishment unit since 2017
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.
Joseph Borlélaan 171160 OudergemGround area
182 m²
Building footprint
60 m²
Volume, LiDAR
602 m³
Parcel 21332E0006/00Z016, Brussels · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
La Brise(Dreef) 6, 1170 Watermaal-Bosvoorde
since 20172.268.930.463
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0006/00Z016 | Brussels | 182 m² | 1 · 60 m² | 12.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 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
Sumo Coders
BE 0829.564.289
Gent · Eq €537k
TOM VAN MIERLO
BE 0826.502.752
Herentals · Eq €537k
COMMENTAG
BE 0896.729.069
Ukkel · Eq €537k
CONCEPTIVE ENGINEERING
BE 0878.169.209
Herentals · Eq €537k
NOVE CONSULTING
BE 0822.171.802
Beveren-Kruibeke-Zwijndrecht · Eq €537k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,322. 11,622 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.