NILAM
ActiveThe computed 12-month bankruptcy probability of NILAM is 4.3% (elevated). The 2025 annual accounts show negative equity (€-64k) and a net result of €-172k. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 17964 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -74 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency35▼-43
Growth32▼-46
Stability94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 1.54 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
-7.3%
Return on assets
-19.4%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€64k
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 · 5 filingsDeviation from the deadline
2025
24 d late
2024
29 d late
2023
19 d late
2022
16 d late
2021
261 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-64k
2024 · €107k
2021: €28k
2022: €40k
2023: €77k
2024: €107k
2021 → 2025
Total assets
€886k▲ 259%
2024 · €246k
2021: €180k
2022: €356k
2023: €194k
2024: €246k
2021 → 2025
Net result
€-172k
2024 · €31k
2021: €16k
2022: €12k
2023: €65k
2024: €31k
2021 → 2025
Working capital
€-254k
2024 · €76k
2021: €3k
2022: €34k
2023: €57k
2024: €76k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€40k▲ 43.1%€77k▲ 94.0%€107k▲ 39.7%€-64k
Operating result€17k-€17k▲ 1.0%€71k▲ 316%€41k▼ 41.6%€-160k
Net result€16k-€12k▼ 23.9%€65k▲ 443%€31k▼ 52.9%€-172k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €160k after €41k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €886k
Fixed assets
€518k▲ 1,534%
Current assets
€368k▲ 71.4%
Key figures and ratios
EBITDA
€-94k▼
2024 · €53k
Cash flow
€-106k▼
2024 · €42k
Solvency
-7.3%▼
2024 · 43.5%
Current ratio
0.59▼
2024 · 1.54
Quick ratio
0.41▼
2024 · 0.91
Debt / equity
-14.75▼
2024 · 1.30
ROE
266.5%▲
2024 · 28.4%
ROA
-19.4%▼
2024 · 12.4%
Interest coverage
-7.92▼
2024 · 4.89
Debt
€950k▲
2024 · €139k
Debt ≤ 1 year
€622k▲
2024 · €139k
Debt > 1 year
€327k
Staff costs
€151k▲
2024 · €96k
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€246k€886k▲
Fixed assets21/28€32k€518k▲
Intangible fixed assets21-€19k
Tangible fixed assets22/27€24k€491k▲
Furniture and vehicles24€24k€162k▲
Other tangible fixed assets26-€329k
Financial fixed assets28€8k€8k=
Current assets29/58€215k€368k▲
Stocks and contracts in progress3€87k€110k▲
Stocks30/36€87k€110k▲
Amounts receivable within one year40/41€86k€227k▲
Trade receivables40€67k€207k▲
Other amounts receivable41€19k€20k▲
Cash at bank and in hand54/58€38k€26k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€246k€886k▲
Equity10/15€107k€-64k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€95k€-76k▼
Amounts payable17/49€139k€950k▲
Amounts payable after more than one year17-€327k
Financial debts170/4-€327k
Amounts payable within one year42/48€139k€622k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€115k€564k▲
Suppliers440/4€115k€564k▲
Taxes, remuneration and social security45€24k€49k▲
Taxes450/3€24k€6k▼
Remuneration and social security454/9-€42k
Accrued charges and deferred income492/3-€755
Income statement
Code20242025
Remuneration, social security and pensions62€96k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€66k▲
Other operating charges640/8-€15k
Gross operating margin9900€149k€72k▼
Operating profit (loss)9901€41k€-160k▼
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€31k€-172k▼
Profit (loss) for the period9904€31k€-172k▼
Profit (loss) for the period to be appropriated9905€31k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€-76k▼
Profit (loss) brought forward from the previous period14P€65k€95k▲
The notes to these accounts (9 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
Weakest financial yearnet €-172k ▼663%
Net result drops to €-172k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €100kEq €107k ▲39.7%
4 profitable years in a row build equity to €107k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2021net €65k ▲443%
Operating result €71k, net result €65k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 261 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herstal · 3 establishment units since 2021
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.
En Hayeneux 1764040 HerstalGround area
9,401 m²
Building footprint
1,575 m²
Volume, LiDAR
9,189 m³
2 parcels, Wallonia · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
EURO ITALIA
since 20212.316.168.671
NILAM
since 20212.322.729.138
NILAM 2
since 20252.381.456.797
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62017C0148/00D000 | Wallonia | 8,733 m² | 1 · 591 m² | 8.9 m · 2 fl. |
| 62313E0087/00Z002 | Wallonia | 668 m² | 1 · 984 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
JSMS EXPRESS
BE 1004.880.507
Brugge · Eq €107k
NEW START
BE 0872.835.395
Sint-Genesius-Rode · Eq €107k
PROXY WACHTEBEKE
BE 0788.780.145
Lochristi · Eq €107k
EASY BE
BE 0563.483.193
Tournai · Eq €107k
ISAFA
BE 0803.459.809
Charleroi · Eq €107k
Of 10,412 companies in sector 47110 we hold annual accounts for 5,787. 4,565 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-2021
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
47111Retail trade
47210Retail sale of fruit and vegetables
47241Retail sale of bread and pastry (bakery outlets)
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.