NM. SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of NM. SERVICES is 1.9% (moderate). The 2024 annual accounts show negative equity (-€120,479) and a net result of €4,045. Equity is shrinking by about 35% per year across the filed financial years. Its solvency ranks better than 5% of 725 sector peers (NACE 53, financial year 2024). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€120,479
- Profit
- €4,045
- IMATOUCHAN MostafaDirector
- EL KART NadiaDirector
Why 55raises riskSector: Postal and courier activities (NACE 53)1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 2 of the last 3 latelowers riskFounded in 2002Liquidity: current ratio 0.05, cash €3,663, halvedShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, micro): better than 7% on solvency, 60% on liquidity, 94% on profitability and 44% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 43 days after the deadline; the sector median (NACE 53) for financial year 2024 is 13 days after the deadline, and 56% of those companies filed late.
Searched, nothing found (1)
- Appointment: EL KART Nadia (director)Share transfer · Shareholding
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: EL KART Nadia (director)Share transfer · Shareholding
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €4,391 after a loss of €41,686 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 53, Postal and courier activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,794 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €116 | - | €13,928 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,102 | €365 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €959 | €7,314 | €2,140 | ▼ 70.7% |
| Gross operating margin9900 | €508 | €3,320 | -€6,693 | -€9,979 | -€17,639 | -€34,372 | €20,459 | - |
| Operating profit (loss)9901 | -€2,516 | €1,190 | -€7,581 | -€9,979 | -€18,714 | -€41,686 | €4,391 | - |
| Financial income75/76B | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €628 | €403 | €416 | €346 | ▼ 16.9% |
| Recurring financial charges65 | €456 | €426 | €341 | €628 | €403 | €416 | €346 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | -€2,973 | €764 | -€7,922 | -€10,607 | -€19,117 | -€42,102 | €4,045 | - |
| Income taxes67/77 | - | - | - | - | €26 | - | - | - |
| Profit (loss) for the period9904 | -€2,973 | €764 | -€7,922 | -€10,607 | -€19,142 | -€42,102 | €4,045 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,973 | €764 | -€7,922 | -€10,607 | -€19,142 | -€42,102 | €4,045 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7,020 | €7,740 | €8,438 | €23,699 | €20,419 | €13,194 | €7,593 | ▼ 42.4% |
| Fixed assets21/28 | €929 | €564 | €564 | €564 | €564 | €564 | €564 | = |
| Tangible fixed assets22/27 | €365 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €564 | €564 | €564 | €564 | €564 | €564 | €564 | = |
| Current assets29/58 | €6,091 | €7,176 | €7,874 | €23,135 | €19,855 | €12,630 | €7,029 | ▼ 44.3% |
| Stocks and contracts in progress3 | - | - | - | €5,000 | €5,550 | €500 | €250 | ▼ 50.0% |
| Stocks30/36 | - | - | - | €5,000 | €5,550 | €500 | €250 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €3,482 | €3,319 | €4,918 | €7,410 | €4,354 | €4,678 | €3,117 | ▼ 33.4% |
| Trade receivables40 | - | - | - | - | - | - | €1,747 | - |
| Other amounts receivable41 | - | - | - | €7,410 | €4,354 | €4,678 | €1,369 | ▼ 70.7% |
| Cash at bank and in hand54/58 | €1,345 | €3,857 | €2,956 | €10,725 | €9,951 | €7,453 | €3,663 | ▼ 50.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7,020 | €7,740 | €8,438 | €23,699 | €20,419 | €13,194 | €7,593 | ▼ 42.4% |
| Equity10/15 | -€26,514 | -€25,750 | -€33,672 | -€44,279 | -€63,422 | -€124,524 | -€120,479 | ▲ 3.2% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | - | - | - |
| Contributions outside capital11 | - | - | - | €19,000 | €19,000 | - | - | - |
| Other1109/19 | - | - | - | €19,000 | €19,000 | - | - | - |
| Reserves13 | €1,090 | €1,090 | €1,090 | €1,090 | €1,090 | €1,090 | €1,090 | = |
| Non-distributable reserves130/1 | - | - | - | €1,090 | €1,090 | €1,090 | €1,090 | = |
| Reserves not available under the articles1311 | - | - | - | €1,090 | €1,090 | €1,090 | €1,090 | = |
| Profit (loss) carried forward14 | -€46,604 | -€45,840 | -€53,762 | -€64,369 | -€83,511 | -€125,614 | -€121,569 | ▲ 3.2% |
| Amounts payable17/49 | €33,534 | €33,490 | €42,110 | €67,979 | €83,841 | €137,718 | €128,073 | ▼ 7.0% |
| Amounts payable within one year42/48 | €33,534 | €33,490 | €42,110 | €67,979 | €83,841 | €137,718 | €128,073 | ▼ 7.0% |
| Trade debts44 | €16,127 | €21,744 | €21,028 | €24,410 | €33,705 | €38,267 | €23,321 | ▼ 39.1% |
| Suppliers440/4 | - | - | - | €24,410 | €33,705 | €38,267 | €23,321 | ▼ 39.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €5,515 | €4,341 | €13,578 | ▲ 213% |
| Taxes450/3 | - | - | - | - | €3,565 | €3,191 | €3,190 | = |
| Remuneration and social security454/9 | - | - | - | - | €1,950 | €1,150 | €10,388 | ▲ 803% |
| Other amounts payable47/48 | - | - | - | €43,568 | €44,620 | €95,111 | €91,174 | ▼ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,973 | €764 | -€7,922 | -€10,607 | -€19,142 | -€42,102 | €4,045 | - |
| + Depreciation and write-downs630 | €2,102 | €365 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€871 | €1,129 | -€7,922 | -€10,607 | -€19,142 | -€42,102 | €4,045 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,512 | -€901 | €7,769 | -€774 | -€2,498 | -€3,790 | ▼ 51.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00535782 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00450406 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00443257 |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20266839 |
| 31-12-2020 | micro format | 17-09-2021 | 2021-67700028 |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64900075 |
| 31-12-2018 | full format | 30-09-2019 | 2019-68200370 |
| 31-12-2017 | full format | 28-09-2018 | 2018-67700245 |
| 31-12-2016 | full format | 06-09-2017 | 2017-60600150 |
| 31-12-2015 | full format | 04-08-2016 | 2016-39600400 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EL KART Nadia |
|
| IMATOUCHAN Mostafa |
|
Owners and capital
Capital and shareholders
- EL KART Nadia 50%
- IMATOUCHAN Mostafa 50%
- IMATOUCHAN Mostafa to EL KART Nadia 50%
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-11
Gazette deed
Appointment: EL KART Nadia (director)Share transfer · Shareholding4 facts ▸
- General meeting, 01-11-2025
- Share transfer, IMATOUCHAN Mostafa → EL KART Nadia
- Shareholding, 01-11-2025, 50% (2 times)
- Director appointment, EL KART Nadia (director)
26-02
Gazette deed
Resignation: EL KART Nadia (director)Share transfer · Shareholding6 facts ▸
- General meeting, 01-01-2025
- Share transfer, EL KART Nadia → IMATOUCHAN Mostafa
- Shareholding, 01-01-2025, 0
- Shareholding, 01-01-2025, 100
- Director resignation, EL KART Nadia (director)
- Board composition, IMATOUCHAN Mostafa (associé administrateur)
26-02
Gazette deed
Resignations: IMATOUCHAN Mostafa (manager) and EL KART Nadia (manager)Appointments: IMATOUCHAN Mostafa (director) and EL KART Nadia (director) · Shareholding · Power of attorney15 facts ▸
- General meeting, 21-02-2024
- Shareholding, 50 (2 times)
- Other provision, 100, “totalité des actions” (deed in French)
- Power of attorney, Christel DISCRY
- Other provision, “adapter statuts aux dispositions CSA, adaptation forme légale et capital au CSA” (deed in French)
- Other provision, “validité assemblée générale, à l’unanimité valablement composée apte à délibérer sur ordre du jour” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “versements futurs part non libérée souscrite passé inscrite apports non appelés, article 39,§2,deuxième alinéa loi du 23-03-2019” (deed in French)
- Director resignation, IMATOUCHAN Mostafa (manager)
- Director resignation, EL KART Nadia (manager)
- Director appointment, IMATOUCHAN Mostafa (director (not named in the articles))
- Director appointment, EL KART Nadia (director (not named in the articles))
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21342B0153/00V002 | Brussels | 188 m² | 1 · 100 m² | 18.0 m · 4 |
| 21001A0599/00D013 | Brussels | 159 m² | 1 · 159 m² | 20.3 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le service courrier express,transport de marchandises et autres; L’exploitation de toute activité relevant du secteur de l’Horéca; Trading…” (deed in French)
10 activities (deed in French)
- Le service courrier express,transport de marchandises et autres
- L’exploitation de toute activité relevant du secteur de l’Horéca
- Trading international
- Import et export de véhicules et toutes autres marchandises
- L’exploitation de de salons de coiffure et de bancs solaires
- Tous articles de coiffure et tous articles de parfumerie,de toilette,cosmétique,produits de beauté,maquillage ainsi que savons et détergents
- Tous articles de mode et accessoires
- Tous textiles et confections pour habillement et autres,passementerie,mercerie,bonneterie
- Tous article de maroquinerie,de bijouterie,articles cadeaux
- Elle peut exercer toutes activité susceptible de favoriser la réalisation de son objet social et participer à telle activité,de quelque façons que ce soit
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NM SERVICES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs,personnes physiques ou morales,actionnaires ou non, sans limitation de durée à défaut d’indication” (deed in French)“Frais de représentation,voyages et déplacements, frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par Code des sociétés et des associations” (deed in French)“Disposition spéciale contraire dans statuts,testament ou convention créant l’usufruit, usufruitier” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs au prorata si plusieurs, toutes cessions entre vifs à titre onéreux ou gratuit,volontaires ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateurs en fonction désignés comme liquidateur(s) en vertu des…” (deed in French)