Turnover
≈ €230,000 estimated
The micro format states no turnover.
NM5
Lifetime
1 annual account with figurespeak €77,778 (2025)
€77,778
peak €57,312 (2025)
€57,312
peak €61,479 (2025)
€61,479
€16,290
Board1 name since 2025
1 directorMALIKZADE Nihad
Documentsfilings and deeds
20-06-202641 days before the deadline
2025micro format
Incorporation 24-03Dividend €8331 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 85% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 2.5%
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.6%▲ +0.1 percentage points vs 05-2026
07-2026: 3.0%▲ +0.4 percentage points vs 06-2026
08-2026: 3.2%▲ +0.2 percentage points vs 07-2026
09-2026: 3.5%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -3.2 percentage points vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
No main activity registered
lowers risk
Liquidity: current ratio 3.64, cash €50,126
Size: total assets €77,769
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 81% of them on solvency, 84% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as NM5 has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of NM5 itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 11,279 companies, not a prediction for NM5. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.64, above the usual 1.5. Short-term debt is 20.9% and cash 64.5% of total assets. 20.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 20-06-2026, 41 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
41 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021273507
Incorporation
Founding capital of €5,000, 100 shares · Founder: MALIKZADE Nihad · Appointment: MALIKZADE Nihad (director) · published on 24-03-2025 · Gazette deed
First establishment
Jean Joseph Crocqlaan 15, Brussels
Official details
Source: KBO- Status
- Active since 20-03-2025Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- “La pratique de la dentisterie au sens le plus large, en ce compris l’expertise…” (deed in French)From the articles, 17 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.374.914.4451020 Brussels, since 20-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 26-03-2026
Annual accounts 2025
- €77,769
- Filing
- Filed on 20-06-2026, 41 days before the end of the filing period
Insights on NM5
NM5 has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,479 and a net result of €57,312.
The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NM5
- What is the company number of NM5?
- The company number of NM5 is 1021.273.507. The VAT number is the same number with BE in front: BE 1021.273.507.
- Where is NM5 based?
- The registered office is at Louis Schmidtlaan 55, 1040 Etterbeek.Company details
- What is the legal form of NM5?
- NM5 is a private limited company (BV).
- When was NM5 founded?
- NM5 was founded on 20-03-2025.
- Is NM5 still active?
- Yes, NM5 is an active enterprise in the KBO register.
- What is the turnover of NM5?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €77,778 and 2,667 comparable companies of the same size. It probably lies between €150,000 and €410,000. It is a rough estimate.Financials
- Is NM5 profitable?
- In financial year 2025, NM5 made a profit of €57,312.
- Where can I find the annual accounts of NM5?
- NM5 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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