NightWolf Group
ActiveSummary
The computed 12-month bankruptcy probability of NightWolf Group is 3.5% (moderate). The 2025 annual accounts show negative equity (-€71,438) and a net result of -€115,946. Equity is shrinking by ~105.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 980 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-24
Solvency6▼-24
Growth32=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04 against 1.29 in 2024; short-term debt: 78.5% and cash: 9.9% of total assets), and equity is negative.
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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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2025Solvency, return and age of the figures
Solvency
-19.3%
Return on assets
-31.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€71,438
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 31 July (3 of the last 3 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
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Financials · fiscal year 2025, micro schema
Equity
-€71,438
2024 · €44,508
Total assets
€369,987▼ 57.6%
2024 · €872,178
Net result
-€115,946▼ 475%
2024 · -€20,176
Working capital
€12,604▼ 92.8%
2024 · €175,777
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€90,074--€3,605-€98,672▼ 2,637%
Net result€62,184above the sector's middle half--€20,176below the sector's middle half-€115,946below the sector's middle half▼ 475%
Equity€64,684within the sector's middle half-€44,508within the sector's middle half▼ 31.2%-€71,438below the sector's middle half
Total assets€329,300within the sector's middle half-€872,178above the sector's middle half▲ 165%€369,987within the sector's middle half▼ 57.6%
Debt€264,616-€827,670▲ 213%€441,425▼ 46.7%
Working capital€7,274within the sector's middle half-€175,777above the sector's middle half▲ 2,317%€12,604within the sector's middle half▼ 92.8%
Solvency19.6%within the sector's middle half-5.1%below the sector's middle half▼ 14.5pp-19.3%below the sector's middle half▼ 24.4pp
Current ratio1.07within the sector's middle half-1.29within the sector's middle half▲ 0.221.04within the sector's middle half▼ 0.25
Return on assets (ROA)18.9%above the sector's middle half--2.3%below the sector's middle half▼ 21.2pp-31.3%below the sector's middle half▼ 29.0pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €98,672 in 2025 against €3,605 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,987
Fixed assets
€66,922 ▼ 24.5%
Current assets
€303,065 ▼ 61.3%
Key figures and ratios
EBITDA
-€77,000▼
2024 · €17,073
Cash flow
-€94,274▼
2024 · €501
Quick ratio
0.15▼
2024 · 0.45
Debt to equity
-6.18▼
2024 · 18.60
Interest coverage
-4.48▼
2024 · 1.03
Debt ≤ 1 year
€290,461▼
2024 · €607,806
Debt > 1 year
€150,964▼
2024 · €219,864
Income taxes
€92▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.9%
went bankrupt
5.6%
stopped otherwise
85%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% 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 497,340 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 7,638 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,771 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,006 | €20,677 | €21,672 | ▲ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €45,455 | - |
| Other operating charges640/8 | €1,294 | €511 | €393 | ▼ 23.0% |
| Gross operating margin9900 | €107,375 | €17,583 | -€31,152 | ▼ 277% |
| Operating profit (loss)9901 | €90,074 | -€3,605 | -€98,672 | ▼ 2,637% |
| Financial income75/76B | €0 | €17 | €0 | ▼ 97.7% |
| Recurring financial income75 | €0 | €17 | €0 | ▼ 97.7% |
| Financial charges65/66B | €6,113 | €16,588 | €17,182 | ▲ 3.6% |
| Recurring financial charges65 | €6,113 | €16,588 | €17,182 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €83,962 | -€20,176 | -€115,854 | ▼ 474% |
| Income taxes67/77 | €21,778 | €0 | €92 | - |
| Profit (loss) for the period9904 | €62,184 | -€20,176 | -€115,946 | ▼ 475% |
| Profit (loss) for the period to be appropriated9905 | €62,184 | -€20,176 | -€115,946 | ▼ 475% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €329,300 | €872,178 | €369,987 | ▼ 57.6% |
| Fixed assets21/28 | €215,065 | €88,594 | €66,922 | ▼ 24.5% |
| Intangible fixed assets21 | - | €7,389 | €5,699 | ▼ 22.9% |
| Tangible fixed assets22/27 | €206,065 | €72,205 | €52,223 | ▼ 27.7% |
| Furniture and vehicles24 | €206,065 | €72,205 | €52,223 | ▼ 27.7% |
| Financial fixed assets28 | €9,000 | €9,000 | €9,000 | = |
| Current assets29/58 | €114,235 | €783,583 | €303,065 | ▼ 61.3% |
| Stocks and contracts in progress3 | - | €512,346 | €258,750 | ▼ 49.5% |
| Stocks30/36 | - | €512,346 | €258,750 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €42,743 | €6,775 | €5,838 | ▼ 13.8% |
| Trade receivables40 | €42,268 | €6,300 | €5,554 | ▼ 11.8% |
| Other amounts receivable41 | €475 | €475 | €284 | ▼ 40.3% |
| Cash at bank and in hand54/58 | €70,136 | €262,864 | €36,768 | ▼ 86.0% |
| Deferred charges and accrued income490/1 | €1,356 | €1,598 | €1,708 | ▲ 6.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €329,300 | €872,178 | €369,987 | ▼ 57.6% |
| Equity10/15 | €64,684 | €44,508 | -€71,438 | ▼ 261% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €62,184 | €62,184 | €62,184 | = |
| Distributable reserves133 | €62,184 | €62,184 | €62,184 | = |
| Profit (loss) carried forward14 | - | -€20,176 | -€136,122 | ▼ 575% |
| Amounts payable17/49 | €264,616 | €827,670 | €441,425 | ▼ 46.7% |
| Amounts payable after more than one year17 | €157,655 | €219,864 | €150,964 | ▼ 31.3% |
| Financial debts170/4 | €157,655 | €219,864 | €150,964 | ▼ 31.3% |
| Amounts payable within one year42/48 | €106,961 | €607,806 | €290,461 | ▼ 52.2% |
| Current portion of amounts payable after more than one year42 | €37,300 | €69,376 | €70,718 | ▲ 1.9% |
| Financial debts43 | - | €815 | €99 | ▼ 87.9% |
| Credit institutions430/8 | - | €815 | €99 | ▼ 87.9% |
| Trade debts44 | €14,068 | €258,881 | €4,941 | ▼ 98.1% |
| Suppliers440/4 | €14,068 | €258,881 | €4,941 | ▼ 98.1% |
| Advances received on contracts in progress46 | - | - | €5,508 | - |
| Taxes, remuneration and social security45 | €33,490 | €57,163 | €10,401 | ▼ 81.8% |
| Taxes450/3 | €33,490 | €57,163 | €10,401 | ▼ 81.8% |
| Other amounts payable47/48 | €22,104 | €221,572 | €198,794 | ▼ 10.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,184 | -€20,176 | -€115,946 | ▼ 475% |
| + Depreciation and write-downs630 | €16,006 | €20,677 | €21,672 | ▲ 4.8% |
| Operating cash flow (approximation) | €78,190 | €501 | -€94,274 | ▼ 18,910% |
| Investment in fixed assets (approximation) | - | €105,793 | €0 | ▼ 100% |
| Change in cash | - | €192,728 | -€226,095 | ▼ 217% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€115,946
Net result drops to -€115,946, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Mol · 1 establishment unit since 2023
Ground area
1,377 m²
Building footprint
596 m²
Volume, LiDAR
3,798 m³
Parcel 13434F0107/00M000, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
RS Carzone / RS Luxury Transport / RS Shine / NightWolf Aviation
since 20232.342.025.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0107/00M000 | Flanders | 1,377 m² | 1 · 596 m² | 11.9 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 202 EUR awarded · 202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 202 EUR | 202 EUR |
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Of 527 companies in sector 52230 we hold annual accounts for 278. 191 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
Founded23-02-2023
Fiscal year end31-12
Trade name NL
NightWolf Aviation; RS Shine; RS Luxury Transport; RS Carzone.
Activities, NACEBEL 2025
52230Warehousing and support activities for transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798762930
Also
9925:BE0798762930
Registered
24-11-2023
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.