NLM
ActiveSummary
NLM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-20k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-49
Solvency64▼-5
Growth44=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 3.07 in 2024; short-term debt: 40.5% and cash: 13.3% of total assets), but 60.8% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
39.2%
Return on assets
-12.8%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d late
2023
1 d early
2022
54 d late
2021
16 d late
2020
111 d late
2019
115 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€143k▲ 67.9%
2020 · €85k
2019: €149k
2020: €85k
2019 → 2021
EBIT margin
24.2%▲ 5.7pp
2020 · 18.5%
2019: 21.6%
2020: 18.5%
2019 → 2021
Net result
€-20k
2024 · €5k
2018: €7k
2019: €30k
2020: €1k
2021: €25k
2022: €9k
2023: €5k
2024: €5k
2018 → 2025
Working capital
€80k▼ 32.0%
2024 · €117k
2018: €-6k
2019: €26k
2020: €43k
2021: €67k
2022: €67k
2023: €120k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€143k-
Equity€63k-€73k▲ 14.4%€78k▲ 6.8%€83k▲ 6.8%€62k▼ 24.6%
Operating result€35k-€17k▼ 50.8%€-3k€14k€-20k
Net result€25k-€9k▼ 64.0%€5k▼ 45.7%€5k▲ 5.6%€-20k
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 €20k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€15k ▼ 6.5%
Current assets
€144k ▼ 17.0%
Equity and liabilities €159k
Equity
€62k ▼ 24.6%
Debt
€97k ▼ 9.6%
Debt's share of the balance-sheet total rises from 56.4% to 60.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▼
2024 · €22k
Cash flow
€-12k▼
2024 · €13k
Current ratio
2.24▼
2024 · 3.07
Quick ratio
2.19▼
2024 · 2.58
Debt to equity
1.55▲
2024 · 1.29
ROE
-32.6%▼
2024 · 6.3%
ROA
-12.8%▼
2024 · 2.8%
Interest coverage
-2.63▼
2024 · 3.57
Debt ≤ 1 year
€65k▲
2024 · €57k
Debt > 1 year
€32k▼
2024 · €51k
Income taxes
€3k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€190k€159k▼
Fixed assets21/28€16k€15k▼
Tangible fixed assets22/27€16k€15k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€14k€13k▼
Financial fixed assets28€0-
Current assets29/58€174k€144k▼
Stocks and contracts in progress3€28k€3k▼
Stocks30/36€28k€3k▼
Amounts receivable within one year40/41€145k€119k▼
Trade receivables40€12k€16k▲
Other amounts receivable41€133k€102k▼
Cash at bank and in hand54/58€2k€21k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€190k€159k▼
Equity10/15€83k€62k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€364€364=
Profit (loss) carried forward14€74k€54k▼
Amounts payable17/49€107k€97k▼
Amounts payable after more than one year17€51k€32k▼
Financial debts170/4€51k€32k▼
Amounts payable within one year42/48€57k€65k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€19k€29k▲
Suppliers440/4€19k€29k▲
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€18k€12k▼
Remuneration and social security454/9€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€3k€697▼
Gross operating margin9900€25k€-11k▼
Operating profit (loss)9901€14k€-20k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€14k€-17k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€5k€-20k▼
Profit (loss) for the period to be appropriated9905€5k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€54k▼
Profit (loss) brought forward from the previous period14P€69k€74k▲
The notes to these accounts (7 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-20k ▼487%
Net result drops to €-20k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
31-12
Financial
Highest result since 2018net €30k ▲358%
Net result €30k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.84 to 2.22; short-term debt falls from €37k to €21k.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 77 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, La Hulpe · 1 establishment unit since 2016
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.
Rue Gaston Bary 451310 La HulpeGround area
762 m²
Building footprint
111 m²
Volume, LiDAR
396 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NLM PARTNERS
since 20162.251.183.027
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050B0062/00P000 | Wallonia | 442 m² | 1 · 47 m² | 9.6 m · 3 fl. |
| 25050E0037/00H000 | Wallonia | 320 m² | 1 · 64 m² | - |
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
Food safety, FASFC
1 siteLa Hulpe2.251.183.027
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-2014
Fiscal year end31-12
Trade name FR
société privée à responsabilité limitée
Activities, NACEBEL 2025
70200Business and other management consultancy
58190Other publishing activities, excluding software publishing
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.