NK ASSOCIATES
ActiveNK ASSOCIATES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €22k. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+29
Solvency54▲+54
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.58 in 2024; short-term debt: 71.4% and cash: 5.9% of total assets), and 71.4% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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 30-12-2025, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
53 d early
2023
7 d early
2022
26 d early
2021
47 d early
2020
6 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k
2024 · €-12k
2020: €17k
2021: €16k
2022: €19k
2023: €-17k
2024: €-12k
2020 → 2025
Total assets
€30k▼ 6.9%
2024 · €32k
2020: €41k
2021: €26k
2022: €36k
2023: €34k
2024: €32k
2020 → 2025
Net result
€22k▲ 347%
2024 · €5k
2020: €12k
2021: €-1k
2022: €4k
2023: €-35k
2024: €5k
2020 → 2025
Working capital
€3k
2024 · €-19k
2020: €17k
2021: €14k
2022: €14k
2023: €-23k
2024: €-19k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€19k▲ 16.4%€-17k€-12k▲ 29.5%€9k
Operating result€1k-€6k▲ 340%€9k▲ 43.0%€8k▼ 11.1%€28k▲ 269%
Net result€-1k-€4k€-35k€5k€22k▲ 347%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 269% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€5k▼ 26.5%
Current assets
€25k▼ 1.5%
Equity and liabilities €30k
Equity
€9k
Debt
€21k
Debt finances 71.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€31k▲
2024 · €11k
Cash flow
€25k▲
2024 · €8k
Solvency
28.6%▲
2024 · -36.6%
Current ratio
1.16▲
2024 · 0.58
Quick ratio
1.16▲
2024 · 0.58
Debt / equity
2.49▲
2024 · -3.73
ROE
256.9%
ROA
73.5%▲
2024 · 15.3%
Interest coverage
10.26▲
2024 · 4.00
Debt
€21k▼
2024 · €44k
Debt ≤ 1 year
€21k▼
2024 · €44k
Income taxes
€3k▲
2024 · €235
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€32k€30k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€25k€25k▼
Amounts receivable within one year40/41€12k€22k▲
Trade receivables40€12k€22k▲
Cash at bank and in hand54/58€11k€2k▼
Deferred charges and accrued income490/1€2k€632▼
Equity and liabilities
Total equity and liabilities10/49€32k€30k▼
Equity10/15€-12k€9k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€545€2k▲
Non-distributable reserves130/1€545€545=
Reserves not available under the articles1311€545€545=
Distributable reserves133-€2k
Profit (loss) carried forward14€-18k-
Amounts payable17/49€44k€21k▼
Amounts payable within one year42/48€44k€21k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€29k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€13k€33k▲
Operating profit (loss)9901€8k€28k▲
Financial income75/76B€163€168▲
Recurring financial income75€163€168▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€5k€25k▲
Income taxes67/77€235€3k▲
Profit (loss) for the period9904€5k€22k▲
Profit (loss) for the period to be appropriated9905€5k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€2k▲
Profit (loss) brought forward from the previous period14P€-23k€-20k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (4 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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2020net €22k ▲347%
Operating result €28k, net result €22k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.58 to 1.16; short-term debt falls from €44k to €21k.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-35k ▼934%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Genappe · 1 establishment unit since 2019
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.
Drève Nantaise 231470 GenappeGround area
3,588 m²
Building footprint
88 m²
Volume, LiDAR
1,062 m³
2 parcels, Brussels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NK Associates
since 20192.286.417.583
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013B0117/00P004 | Wallonia | 3,415 m² | - | - |
| 21372C0117/00W024 | Brussels | 173 m² | 1 · 88 m² | 16.8 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900CT1EUOLKR7MO19
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 21,141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2019
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sprl.nk.associates@gmail.com