Skip to content

NM MANAGEMENT

Active
Private limited companyfounded 2021active for 5 yearsRue Via 1/A, 4218 Héron, BelgiumKBO/BCE: BE 0763.575.981

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 06-07-2026 at the NBB all 5 filings

Turnover
≈ €180,000
Estimated: probably between €120,000 and €310,000
Total assets
€174,029▲ 5.8%
2024 · €164,483
Net result
€38,314▼ 10.1%
2024 · €42,630
Working capital
€55,719▲ 34.5%
2024 · €41,441
Trend over the years

2021 to 2025, 5 financial years

The operating result for 2025 is 13% lower than in 2024. It is the second fall in a row.

Operating result€52,533 2025 Net result€38,314 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€47,737-€57,900▲ 21.3%€61,879▲ 6.9%€60,239▼ 2.7%€52,533▼ 12.8%
Net result€37,617above the sector's middle half-€43,326above the sector's middle half▲ 15.2%€46,039above the sector's middle half▲ 6.3%€42,630above the sector's middle half▼ 7.4%€38,314above the sector's middle half▼ 10.1%
Equity€42,617within the sector's middle half-€85,942within the sector's middle half▲ 102%€131,981above the sector's middle half▲ 53.6%€48,611within the sector's middle half▼ 63.2%€86,924within the sector's middle half▲ 78.8%
Total assets€59,183within the sector's middle half-€114,972within the sector's middle half▲ 94.3%€168,753within the sector's middle half▲ 46.8%€164,483within the sector's middle half▼ 2.5%€174,029within the sector's middle half▲ 5.8%
Debt€16,566-€29,030▲ 75.2%€36,772▲ 26.7%€115,872▲ 215%€87,104▼ 24.8%
Working capital€41,144within the sector's middle half-€83,536above the sector's middle half▲ 103%€125,754above the sector's middle half▲ 50.5%€41,441within the sector's middle half▼ 67.0%€55,719within the sector's middle half▲ 34.5%
Solvency72.0%above the sector's middle half-74.8%above the sector's middle half▲ 2.7pp78.2%above the sector's middle half▲ 3.5pp29.6%within the sector's middle half▼ 48.7pp49.9%within the sector's middle half▲ 20.4pp
Current ratio3.48within the sector's middle half-3.88above the sector's middle half▲ 0.394.42above the sector's middle half▲ 0.541.36within the sector's middle half▼ 3.061.64within the sector's middle half▲ 0.28
Return on assets (ROA)63.6%above the sector's middle half-37.7%above the sector's middle half▼ 25.9pp27.3%above the sector's middle half▼ 10.4pp25.9%above the sector's middle half▼ 1.4pp22.0%within the sector's middle half▼ 3.9pp
above within below The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174,029
Fixed assets €31,205 ▲ 335%
Current assets €142,824 ▼ 9.2%
Equity and liabilities €174,029
Equity €86,924 ▲ 78.8%
Debt €87,104 ▼ 24.8%
Debt's share of the balance-sheet total falls from 70.4% to 50.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€56,665▼
2024 · €62,789
Cash flow
€42,446▼
2024 · €45,181
Debt to equity
1.00▼
2024 · 2.38
ROE
44.1%▼
2024 · 87.7%
Interest coverage
63.33▼
2024 · 77.80
Debt ≤ 1 year
€87,104▼
2024 · €115,872
Income taxes
€14,166▼
2024 · €17,155
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as NM MANAGEMENT: agents and managers of artists, athletes and other public figures (NACE 74991). They are comparable in size and age: total assets between €155,000 and €229,000, founded between 2019 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
NM MANAGEMENT Héron2021€174,029€86,924€59,135€38,3142025
Joao Manuel Management Theux2020€154,821€25,254€57,013€37,5292025
Max Agency Gent2021€226,362€50,007€88,561€72,1982025
JEL-Foot consultant Sint-Niklaas2019€158,715€133,591€53,605€35,5992025
W SHEM Ninove2020€229,330€58,493€85,040€45,2142025
From AM to PM Schaarbeek2020€215,748€68,670€42,543€25,8682025
Yama Management Antwerpen2019€169,497€55,012€46,598€31,7802025

They were chosen from the 329 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 26,972 companies had the same profile as NM MANAGEMENT has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of NM MANAGEMENT itself is lower: 0.2% within 12 months. It rests on far more data about NM MANAGEMENT than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for NM MANAGEMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€164,483€174,029▲
Formation expenses20€0€0=
Fixed assets21/28€7,170€31,205▲
Tangible fixed assets22/27€7,170€31,205▲
Furniture and vehicles24€7,170€31,205▲
Current assets29/58€157,313€142,824▼
Amounts receivable within one year40/41€15,030€23,101▲
Trade receivables40€14,966€14,192▼
Other amounts receivable41€64€8,909▲
Current investments50/53€135,380€103,288▼
Cash at bank and in hand54/58€6,903€16,274▲
Deferred charges and accrued income490/1-€161
Equity and liabilities
Total equity and liabilities10/49€164,483€174,029▲
Equity10/15€48,611€86,924▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€43,611€81,924▲
Amounts payable17/49€115,872€87,104▼
Amounts payable within one year42/48€115,872€87,104▼
Trade debts44€70€7,138▲
Suppliers440/4€70€7,138▲
Taxes, remuneration and social security45€44,984€5,151▼
Taxes450/3€44,984€5,151▼
Other amounts payable47/48€70,818€74,815▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,551€4,132▲
Other operating charges640/8€33€2,469▲
Gross operating margin9900€62,822€59,135▼
Operating profit (loss)9901€60,239€52,533▼
Financial income75/76B€354€842▲
Recurring financial income75€354€842▲
Financial charges65/66B€807€895▲
Recurring financial charges65€807€895▲
Profit (loss) for the period before taxes9903€59,785€52,480▼
Income taxes67/77€17,155€14,166▼
Profit (loss) for the period9904€42,630€38,314▼
Profit (loss) for the period to be appropriated9905€42,630€38,314▼
Appropriation of the result
Profit (loss) to be appropriated9906€169,611€81,924▼
Profit (loss) brought forward from the previous period14P€126,981€43,611▼
Profit to be distributed694/7€126,000-
Return on contributions (dividend)694€126,000-

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,334€757€1,323€2,551€4,132▲ 62.0%
Other operating charges640/8€438€4,175-€33€2,469▲ 75×
Gross operating margin9900€50,509€62,832€63,201€62,822€59,135▼ 5.9%
Operating profit (loss)9901€47,737€57,900€61,879€60,239€52,533▼ 12.8%
Financial income75/76B-€929€1,116€354€842▲ 138%
Recurring financial income75-€929€1,116€354€842▲ 138%
Financial charges65/66B€11€572€695€807€895▲ 10.9%
Recurring financial charges65€11€572€695€807€895▲ 10.9%
Profit (loss) for the period before taxes9903€47,726€58,258€62,300€59,785€52,480▼ 12.2%
Income taxes67/77€10,109€14,932€16,262€17,155€14,166▼ 17.4%
Profit (loss) for the period9904€37,617€43,326€46,039€42,630€38,314▼ 10.1%
Profit (loss) for the period to be appropriated9905€37,617€43,326€46,039€42,630€38,314▼ 10.1%
Line20212022202320242025Change
Assets
Total assets20/58€59,183€114,972€168,753€164,483€174,029▲ 5.8%
Formation expenses20€521€0€0€0€0-
Fixed assets21/28€952€2,406€6,227€7,170€31,205▲ 335%
Tangible fixed assets22/27€952€2,406€6,227€7,170€31,205▲ 335%
Furniture and vehicles24€952€2,406€6,227€7,170€31,205▲ 335%
Current assets29/58€57,711€112,566€162,526€157,313€142,824▼ 9.2%
Amounts receivable within one year40/41€9,659€16,225€32,562€15,030€23,101▲ 53.7%
Trade receivables40€8,712€7,986€11,580€14,966€14,192▼ 5.2%
Other amounts receivable41€947€8,239€20,982€64€8,909▲ 140×
Current investments50/53€26,000€62,671€99,041€135,380€103,288▼ 23.7%
Cash at bank and in hand54/58€22,051€33,670€30,923€6,903€16,274▲ 136%
Deferred charges and accrued income490/1----€161-
Equity and liabilities
Total equity and liabilities10/49€59,183€114,972€168,753€164,483€174,029▲ 5.8%
Equity10/15€42,617€85,942€131,981€48,611€86,924▲ 78.8%
Contributions10/11€5,000€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€37,617€80,942€126,981€43,611€81,924▲ 87.9%
Amounts payable17/49€16,566€29,030€36,772€115,872€87,104▼ 24.8%
Amounts payable within one year42/48€16,566€29,030€36,772€115,872€87,104▼ 24.8%
Trade debts44€613-€0€70€7,138▲ 101×
Suppliers440/4€613-€0€70€7,138▲ 101×
Taxes, remuneration and social security45€15,954€29,030€36,772€44,984€5,151▼ 88.5%
Taxes450/3€15,903€29,030€36,772€44,984€5,151▼ 88.5%
Remuneration and social security454/9€51€0----
Other amounts payable47/48---€70,818€74,815▲ 5.6%
Line20212022202320242025Change
Profit (loss) for the period9904€37,617€43,326€46,039€42,630€38,314▼ 10.1%
+ Depreciation and write-downs630€2,334€757€1,323€2,551€4,132▲ 62.0%
Operating cash flow (approximation)€39,950€44,083€47,362€45,181€42,446▼ 6.1%
Investment in fixed assets (approximation)--€2,212-€5,144-€3,494-€28,167▼ 706%
Change in cash-€11,619-€2,747-€24,020€9,371-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2025 micro format 06-07-2026 2026-00255243 NBB
31-12-2024 micro format 20-08-2025 2025-00385732 PDF
31-12-2023 micro format 11-07-2024 2024-00233849 PDF
31-12-2022 micro format 20-07-2023 2023-00253556 PDF
31-12-2021 micro format 09-08-2022 2022-20277830 PDF

Next steps