NITRO 44
ActiveSummary
NITRO 44 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,366 and a net result of -€304. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 70% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-2
Solvency96▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.68 in 2024; short-term debt: 24.1% and cash: 0% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Five 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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer 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
71.1%
Return on assets
-0.4%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
2 d early
2023
21 d early
2022
5 d early
2021
5 d early
2020
41 d early
2019
13 d late
← 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 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,366▼ 0.5%
2024 · €59,670
Total assets
€83,467▼ 8.4%
2024 · €91,126
Net result
-€304
2024 · €2,185
Working capital
€21,776▲ 11.3%
2024 · €19,565
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, 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
Line20212022202320242025
Operating result€20,330▲ 76.4%€24,621▲ 21.1%€13,019▼ 47.1%€6,773▼ 48.0%€1,994▼ 70.6%
Net result€16,681within the sector's middle half▲ 57.3%€20,659within the sector's middle half▲ 23.8%€7,024within the sector's middle half▼ 66.0%€2,185within the sector's middle half▼ 68.9%-€304within the sector's middle half
Equity€29,802within the sector's middle half▲ 127%€50,461within the sector's middle half▲ 69.3%€57,485within the sector's middle half▲ 13.9%€59,670within the sector's middle half▲ 3.8%€59,366within the sector's middle half▼ 0.5%
Total assets€68,224within the sector's middle half▲ 122%€91,343within the sector's middle half▲ 33.9%€97,031within the sector's middle half▲ 6.2%€91,126within the sector's middle half▼ 6.1%€83,467within the sector's middle half▼ 8.4%
Debt€38,422▲ 118%€40,882▲ 6.4%€39,545▼ 3.3%€31,456▼ 20.5%€24,101▼ 23.4%
Working capital€8,576within the sector's middle half▲ 213%€12,243within the sector's middle half▲ 42.8%€17,454within the sector's middle half▲ 42.6%€19,565within the sector's middle half▲ 12.1%€21,776within the sector's middle half▲ 11.3%
Solvency43.7%within the sector's middle half▲ 1.0pp55.2%within the sector's middle half▲ 11.6pp59.2%within the sector's middle half▲ 4.0pp65.5%within the sector's middle half▲ 6.2pp71.1%within the sector's middle half▲ 5.6pp
Current ratio1.48within the sector's middle half▲ 0.321.49within the sector's middle half▲ 0.011.59within the sector's middle half▲ 0.111.68within the sector's middle half▲ 0.092.08within the sector's middle half▲ 0.40
Return on assets (ROA)24.5%within the sector's middle half▼ 10.0pp22.6%within the sector's middle half▼ 1.8pp7.2%within the sector's middle half▼ 15.4pp2.4%within the sector's middle half▼ 4.8pp-0.4%below the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, 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 has fallen three years in a row; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,467
Fixed assets
€41,539 ▼ 3.0%
Current assets
€41,927 ▼ 13.2%
Equity and liabilities €83,467
Equity
€59,366 ▼ 0.5%
Debt
€24,101 ▼ 23.4%
Debt's share of the balance-sheet total falls from 34.5% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,463▼
2024 · €14,063
Cash flow
€8,165▼
2024 · €9,474
Debt to equity
0.41▼
2024 · 0.53
ROE
-0.5%▼
2024 · 3.7%
Interest coverage
2.91▲
2024 · 2.78
Debt ≤ 1 year
€20,151▼
2024 · €28,722
Debt > 1 year
€0▼
2024 · €1,048
Income taxes
€574▼
2024 · €1,271
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 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% | 1.9% |
| 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 6,910 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €38,148 | €46,694 | - | €4,007 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,360 | €5,467 | €7,203 | €7,289 | €8,469 | ▲ 16.2% |
| Other operating charges640/8 | - | €654 | €569 | €610 | €647 | ▲ 6.1% |
| Gross operating margin9900 | €27,312 | €30,742 | €20,791 | €14,672 | €11,109 | ▼ 24.3% |
| Operating profit (loss)9901 | €20,330 | €24,621 | €13,019 | €6,773 | €1,994 | ▼ 70.6% |
| Financial income75/76B | - | €1,559 | €2,275 | €1,748 | €1,878 | ▲ 7.4% |
| Recurring financial income75 | €1,308 | €1,559 | €2,275 | €1,748 | €1,878 | ▲ 7.4% |
| Financial charges65/66B | - | €1,298 | €2,282 | €5,066 | €3,601 | ▼ 28.9% |
| Recurring financial charges65 | €1,409 | €1,298 | €2,282 | €5,066 | €3,601 | ▼ 28.9% |
| Profit (loss) for the period before taxes9903 | €23,585 | €24,882 | €13,012 | €3,456 | €271 | ▼ 92.2% |
| Income taxes67/77 | €6,904 | €4,223 | €5,988 | €1,271 | €574 | ▼ 54.8% |
| Profit (loss) for the period9904 | €16,681 | €20,659 | €7,024 | €2,185 | -€304 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €16,681 | €20,659 | €7,024 | €2,185 | -€304 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,224 | €91,343 | €97,031 | €91,126 | €83,467 | ▼ 8.4% |
| Fixed assets21/28 | €41,811 | €53,948 | €50,227 | €42,839 | €41,539 | ▼ 3.0% |
| Tangible fixed assets22/27 | €41,713 | €53,850 | €50,129 | €42,839 | €41,441 | ▼ 3.3% |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €4,465 | - |
| Other tangible fixed assets26 | - | €53,850 | €50,129 | €42,839 | €36,976 | ▼ 13.7% |
| Financial fixed assets28 | €98 | €98 | €98 | €0 | €98 | - |
| Current assets29/58 | €26,414 | €37,396 | €46,804 | €48,287 | €41,927 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €23,591 | €36,289 | €42,496 | €40,212 | €37,664 | ▼ 6.3% |
| Trade receivables40 | - | €6,000 | €6,788 | €9,856 | €6,050 | ▼ 38.6% |
| Other amounts receivable41 | - | €30,289 | €35,708 | €30,356 | €31,614 | ▲ 4.1% |
| Cash at bank and in hand54/58 | €2,399 | €370 | - | €5,126 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €737 | €4,308 | €2,949 | €4,263 | ▲ 44.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,224 | €91,343 | €97,031 | €91,126 | €83,467 | ▼ 8.4% |
| Equity10/15 | €29,802 | €50,461 | €57,485 | €59,670 | €59,366 | ▼ 0.5% |
| Contributions10/11 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | -€5,198 | €15,461 | €22,485 | €24,670 | €24,366 | ▼ 1.2% |
| Amounts payable17/49 | €38,422 | €40,882 | €39,545 | €31,456 | €24,101 | ▼ 23.4% |
| Amounts payable after more than one year17 | €19,334 | €13,356 | €7,261 | €1,048 | €0 | ▼ 100% |
| Financial debts170/4 | - | €13,356 | €7,261 | €1,048 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €17,838 | €25,153 | €29,350 | €28,722 | €20,151 | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | - | €5,978 | €6,095 | €6,214 | €1,048 | ▼ 83.1% |
| Financial debts43 | - | €4,492 | €6,535 | €5,098 | €8,308 | ▲ 63.0% |
| Credit institutions430/8 | - | €4,492 | €6,535 | €5,098 | €8,308 | ▲ 63.0% |
| Trade debts44 | €3,382 | €687 | €6,611 | €7,579 | €7,811 | ▲ 3.1% |
| Suppliers440/4 | - | €687 | €6,611 | €7,579 | €7,811 | ▲ 3.1% |
| Taxes, remuneration and social security45 | - | €8,753 | €4,322 | €6,426 | €2,124 | ▼ 66.9% |
| Taxes450/3 | - | €8,753 | €4,322 | €6,426 | €2,124 | ▼ 66.9% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | €5,241 | €5,786 | €3,405 | €860 | ▼ 74.7% |
| Accrued charges and deferred income492/3 | - | €2,373 | €2,934 | €1,687 | €3,950 | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,681 | €20,659 | €7,024 | €2,185 | -€304 | ▼ 114% |
| + Depreciation and write-downs630 | €4,360 | €5,467 | €7,203 | €7,289 | €8,469 | ▲ 16.2% |
| Operating cash flow (approximation) | €21,041 | €26,126 | €14,228 | €9,474 | €8,165 | ▼ 13.8% |
| Investment in fixed assets (approximation) | - | -€17,604 | -€3,483 | €98 | -€7,169 | ▼ 7,415% |
| Change in cash | - | -€2,029 | - | - | -€5,126 | - |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€304
Net result drops to -€304, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €20,659 ▲23.8%
Operating result €24,621, net result €20,659, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Schaarbeek · 1 establishment unit since 2014
Ground area
481 m²
Building footprint
161 m²
Volume, LiDAR
2,858 m³
Parcel 21903B0369/00G000, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Nitro 44
since 20142.230.069.095
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0369/00G000 | Brussels | 481 m² | 1 · 161 m² | 20.7 m · 6 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.
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 446 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
Founded02-04-2014
Fiscal year end30-06
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
77110Renting and leasing of cars and light motor vehicles
90391Promotion and organisation of arts and performing arts events
Contact
E-mail
xm@mezquita.be
Phone
02/702.60.81
E-invoicing
Reachable via Peppol
Peppol ID
0208:0549933481
Registered
08-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.