Turnover
≈ €230,000 estimated
The micro format states no turnover.
NM5
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €77,778
- €57,312
- €61,479
- €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.
Financials
Annual accounts 2025
micro format, filed on 20-06-2026, 41 days before the deadline€77,778
€72,305
€57,312
€43,017
79.1%
3.64
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €150,000 and €410,000.
Balance sheet
balance sheet total €77,769 on 31-12-2025What the company ownsHow it is paid for
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
77,769 | |
21/28 |
18,462 | |
22/27 |
18,462 | |
24 |
18,462 | |
29/58 |
59,307 | |
54/58 |
50,126 | |
490/1 |
9,181 | |
| Balance sheet: equity and liabilities | ||
10/49 |
77,769 | |
10/15 |
61,479 | |
10/11 |
5,000 | |
13 |
56,479 | |
133 |
56,479 | |
17/49 |
16,290 | |
42/48 |
16,290 | |
45 |
14,888 | |
450/3 |
14,888 | |
47/48 |
1,402 | |
| Income statement | ||
9900 |
77,778 | |
630 |
5,072 | |
640/8 |
401 | |
9901 |
72,305 | |
75/76B |
252 | |
75 |
252 | |
65/66B |
356 | |
65 |
356 | |
9903 |
72,200 | |
67/77 |
14,888 | |
9904 |
57,312 | |
9905 |
57,312 | |
| Appropriation of the result | ||
9906 |
57,312 | |
691/2 |
56,479 | |
6921 |
56,479 | |
694/7 |
833 | |
694 |
833 | |
| Document | ||
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.
Source: Annual accounts 2025 at the NBB, filed on 20-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-06-2026 | 2026-00195249 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 77,377 | ||
| 62,384 | ||
| 23,534 | ||
| 43,017 | ||
| 79.1% | ||
| 3.64 | ||
| 0.26 | ||
| 93.2% | ||
| 73.7% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €23,534 |
| €5,072 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on NM5
Debt's share of the balance-sheet total is 20.9%.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 24-03-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 20-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 24-03-2025
Mandates through the years
1 name, the dashed line is todayMALIKZADE Nihad
Director
Director
Board
Mandates as a list
- MALIKZADE Nihad
- Director, appointed by deed of 24-03-2025, still in office
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €615 in 2025
- Source
- deed of 24-03-2025
Articles of association
deed of 24-03-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Portée aux frais généraux indépendamment frais représentation voyages déplacements, assemblée générale majorité absolue ou actionnaire…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tenus de solliciter agrément selon mêmes formalités si ne deviennent pas de plein droit actionnaires, libre de céder tout ou partie…”
Shareholders
At incorporation
deed of 24-03-2025 ↗
- MALIKZADE Nihad 100 shares (100%) · €5,000 in cash
Network & group
No group
NM5 has no parent and no holdings in its annual accounts. MALIKZADE Nihad is the only director. NM5 shares no director with another company.
At the same address
Louis Schmidtlaan 55, 1040 Etterbeek · 11 other companies| L.T.M. Construct
registered office since 02-05-2013 · founded in 2013 |
total assets €1.4m (2025) 0533.946.002 |
| TEMPO AND PARTNERS
registered office since 21-10-2011 · founded in 2011 · accounts filed late |
total assets €1.2m (2023) 0840.470.653 |
| 360 Advice
registered office since 26-07-2024 · founded in 2024 |
total assets €169,989 (2025) 1011.963.782 |
| BALLUKU
registered office since 11-01-2023 · founded in 2023 · negative equity (2025) |
total assets €59,742 (2025) 0797.005.646 |
| KARIN CLAEYS INTERIORS
establishment since 10-06-2020 · founded in 2020 · negative equity (2025) |
total assets €28,959 (2025) 0748.427.254 |
| SLOK
registered office since 02-07-2021 · founded in 2021 · negative equity (2025) |
total assets €8,561 (2025) 0770.674.205 |
| IndoEuro Business Service Council
registered office since 01-01-2026 |
founded in 2025 1032.164.033 |
| Bright Citrine Global Belgie
registered office since 13-03-2025 |
founded in 2025 1021.018.139 |
| Benazzouz, Inès (sole trader)
establishment since 01-09-2023 |
founded in 2023 1005.258.114 |
| Linden, Maria (sole trader)
establishment since 17-04-2019 |
founded in 2019 0725.825.165 |
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 41 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1021273507
2025
IncorporationFounding capital of €5,000, 100 shares · Founder: MALIKZADE Nihad · Appointment: MALIKZADE Nihad (director) · published on 24-03-20257 points ▸
- Founder, MALIKZADE Nihad
- Founding capital, €5,000, 100 shares
- MALIKZADE Nihad holds all the shares
- 100 shares
- Registered office clause, Boulevard Louis Schmidt 55, boîte 1, 1040 Etterbeek
- Board rule, 1
- Director appointment, MALIKZADE Nihad
- The deed holds 8 more points.
First establishment Jean Joseph Crocqlaan 15, Brussels
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1021.273.507
- VAT number
- BE 1021.273.507
- Peppol ID
- 0208:1021273507
- Other Peppol ID
- 9925:BE1021273507
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-03-2025
- Financial year
- ends on 31 December
- Peppol
- Reachable since 26-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NM5 in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-03-2025 (in French)
- Name clauseThe company operates under this name according to its articles.
- NM5deed of 24-03-2025 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 24-03-2025 (in French)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La pratique de la dentisterie au sens le plus large, en ce compris l’expertise en médecine dentaire, la réalisation, la fourniture et…”deed of 24-03-2025 (in French)
17 activities
- La pratique de la dentisterie au sens le plus large, en ce compris l’expertise en médecine dentaire, la réalisation, la fourniture et l’exécution de tout acte médical ou chirurgical, conformément aux règles déontologiques de la profession, et notamment toutes les spécialisations de la dentisterie
- Toutes activités d’endodontie, d’orthodontie, d’implantologie, de chirurgie maxillo-faciale, de parodontologie, de stomatologie, d’orthopédie dentofaciale, d’occlusodontie, de chirurgie orthognathique et toute autre pratique relevant de la médecine dentaire
- Toutes activités de dentisterie pédiatrique
- Les activités de pratique dentaire de nature spécialisée (orthodontie, parodontologie, ...), y compris en salle d'opération
- Le nettoyage dentaire
- Le blanchissement des dents avec et sans peroxyde
- La fabrication, la réparation et la pose de prothèse dentaire de tout type
- Tout acte de radiographie ou d’autre imagerie dans le domaine de la médecine dentaire
- La participation à des stages, colloques, séminaires, formations, cours
- L’organisation de formations, séminaires, conférences, cours
- La gestion d’un ou plusieurs cabinets dentaires en ce compris, la facturation et la perception d’honoraires
- La gestion de centres médicaux et paramédicaux
- L’achat, la location, la vente, l’importation et l’exportation de matériel dentaire
- Acquérir, vendre, échanger, mettre en location, louer, sous-louer, exploiter, entretenir tous biens immobiliers dont notamment des maisons, appartements, bureaux, magasins, terrains, terres, parking et domaines, de même que des fonds de commerce, et accomplir toutes opérations de financement
- Faire toutes activités de construction, démolition, transformation, rénovation d'immeubles
- Faire leur aménagement, leur décoration, les prendre ou les donner en caution, prendre ou donner des droits d'emphytéose ou de superficie, faire tous travaux en vue de rendre des immeubles rentables, lotir des terrains, procéder à l’urbanisation d’un bien, créer la voirie nécessaire, conclure tout contrat de leasing, etc.
- Louer, sous-louer, acquérir des droits réels ou la pleine propriété de tout immeuble dans le but soit d’y établir son siège, un siège d’exploitation, ou d’y loger ses dirigeants et les membres de leur famille à titre de résidence principale
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Louis Schmidtlaan 55 registered office 1040 Etterbeek | ||
| Jean Joseph Crocqlaan 15 1020 Brussels 86230 Dental practice | 20-03-2025 | 2.374.914.445 |
Buildings and parcels at the addresses
- Ground area
- 6,745 m²
- Buildings
- 697 m²
- Volume, LiDAR
- 8,220 m³
- Tallest building
- 34.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21816H0125/00Y000 | 6,433 m² | 1 · 529 m² | 10.7 m · 2 |
| 21363B0333/00V005 | 311 m² | 1 · 168 m² | 34.4 m · 10 |
Contact
E-mail
nihadmalikzade@yahoo.com establishment in Brussel