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NMBA

Active
Private limited companyfounded 20215 yrs activeLouizalaan 240, 1050 Brussel, BelgiumKBO/BCE: BE 0769.551.676
Summary

The computed 12-month bankruptcy probability of NMBA is 3.4% (moderate). The 2024 annual accounts show equity of €55.7m and a net result of €15.4m. Equity is growing by ~6.7% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+59
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0.7% of total assets, and 0.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
99.9%
Return on assets
27.6%
Age of the figures
21 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
49 d early
2024
83 d early
2023
63 d early
2022
54 d early
2021
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 56 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 7 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 June 2021, NMBA was incorporated as a Private limited company.1 Total assets went from EUR 40 million in 2021 to EUR 56 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15.4m▲ 2,437%
2023 · €607,625
Working capital
€32.8m▲ 269%
2023 · €8.9m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€86,897--€17,519▲ 79.8%-€20,238▼ 15.5%-€21,485▼ 6.2%
Net result€545,073-€173,034▼ 68.3%€607,625▲ 251%€15.4m▲ 2,437%
Equity€39.5m-€39.7m▲ 0.4%€40.3m▲ 1.5%€55.7m▲ 38.2%
Total assets€39.7m-€40.0m▲ 0.7%€40.4m▲ 1.1%€55.8m▲ 38.0%
Debt€159,755-€273,315▲ 71.1%€102,514▼ 62.5%€50,791▼ 50.5%
Working capital€10.2m-€8.5m▼ 17.2%€8.9m▲ 5.1%€32.8m▲ 269%
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0m€15.0mOperating result 2021: -€86,897-€86,897Net result 2021: €545,073€545,073Operating result 2022: -€17,519-€17,519Net result 2022: €173,034€173,034Operating result 2023: -€20,238-€20,238Net result 2023: €607,625€607,625Operating result 2024: -€21,485-€21,485Net result 2024: €15.4m€15.4m2021202220232024-€5m€0€5m€10m€15mOperating result 2022: -€17,519-€17,500Net result 2022: €173,034€173,000Operating result 2023: -€20,238-€20,200Net result 2023: €607,625€608,000Operating result 2024: -€21,485-€21,500Net result 2024: €15.4m€15m202220232024
The operating result stays negative: a loss of €21,485 in 2024 against €20,238 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55.8m
Fixed assets €23.0m ▼ 27.0%
Current assets €32.8m ▲ 265%
Equity and liabilities €55.8m
Equity €55.7m ▲ 38.2%
Debt €50,791 ▼ 50.5%
Debt's share of the balance-sheet total falls from 0.3% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.00▼
2023 · 0.00
ROE
27.7%▲
2023 · 1.5%
ROA
27.6%▲
2023 · 1.5%
Debt ≤ 1 year
€47,141▼
2023 · €99,769
Income taxes
€451,868▲
2023 · €101,754
A ratio outside any meaningful range has been withheld (balance sheet total €55.8m, equity €55.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 449 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.

  • Large
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
  • without age
0% went bankrupt
3.1% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 449 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€40.4m€55.8m▲
Fixed assets21/28€31.4m€23.0m▼
Financial fixed assets28€31.4m€23.0m▼
Current assets29/58€9.0m€32.8m▲
Amounts receivable after more than one year29€1.1m€1.3m▲
Other amounts receivable291€1.1m€1.3m▲
Amounts receivable within one year40/41-€264,000
Other amounts receivable41-€264,000
Current investments50/53€7.1m€30.8m▲
Cash at bank and in hand54/58€798,008€375,545▼
Deferred charges and accrued income490/1€25,131€72,402▲
Equity and liabilities
Total equity and liabilities10/49€40.4m€55.8m▲
Equity10/15€40.3m€55.7m▲
Contributions10/11€8.0m€8.0m=
Reserves13€13.3m€29.5m▲
Non-distributable reserves130/1-€18.6m
Own shares acquired1312-€18.6m
Tax-exempt reserves132€10.9m€10.9m=
Distributable reserves133€2.4m-
Profit (loss) carried forward14€19.0m€18.2m▼
Amounts payable17/49€102,514€50,791▼
Amounts payable within one year42/48€99,769€47,141▼
Trade debts44€393€1,997▲
Suppliers440/4€393€1,997▲
Taxes, remuneration and social security45€99,375€45,145▼
Taxes450/3€99,375€45,145▼
Accrued charges and deferred income492/3€2,745€3,650▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75-
Other operating charges640/8€12,023€12,899▲
Gross operating margin9900-€8,139-€8,586▼
Operating profit (loss)9901-€20,238-€21,485▼
Financial income75/76B€652,962€16.0m▲
Recurring financial income75€652,962€1.8m▲
Non-recurring financial income76B-€14.1m
Financial charges65/66B-€76,654€69,779▲
Recurring financial charges65-€76,654€69,779▲
Profit (loss) for the period before taxes9903€709,379€15.9m▲
Income taxes67/77€101,754€451,868▲
Profit (loss) for the period9904€607,625€15.4m▲
Profit (loss) for the period to be appropriated9905€607,625€15.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€19.0m€34.4m▲
Profit (loss) brought forward from the previous period14P€18.4m€19.0m▲
Transfer to equity691/2-€16.2m
To other reserves6921-€16.2m

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Remuneration, social security and pensions62-€165----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€700€700€75--
Other operating charges640/8€26,629€10,875€12,023€12,899▲ 7.3%
Gross operating margin9900-€59,733-€5,944-€8,139-€8,586▼ 5.5%
Operating profit (loss)9901-€86,897-€17,519-€20,238-€21,485▼ 6.2%
Financial income75/76B€626,846€461,227€652,962€16.0m▲ 2,344%
Recurring financial income75€626,846€461,227€652,962€1.8m▲ 179%
Non-recurring financial income76B---€14.1m-
Financial charges65/66B-€141,490€96,936-€76,654€69,779▲ 191%
Recurring financial charges65-€141,490€96,936-€76,654€69,779▲ 191%
Profit (loss) for the period before taxes9903€681,438€346,772€709,379€15.9m▲ 2,137%
Income taxes67/77€136,365€173,738€101,754€451,868▲ 344%
Profit (loss) for the period9904€545,073€173,034€607,625€15.4m▲ 2,437%
Transfer from tax-exempt reserves789€50,651----
Profit (loss) for the period to be appropriated9905€595,725€173,034€607,625€15.4m▲ 2,437%
Line2021202220232024Change
Assets
Total assets20/58€39.7m€40.0m€40.4m€55.8m▲ 38.0%
Fixed assets21/28€29.3m€31.3m€31.4m€23.0m▼ 27.0%
Tangible fixed assets22/27€775€75---
Furniture and vehicles24€775€75---
Financial fixed assets28€29.3m€31.3m€31.4m€23.0m▼ 27.0%
Current assets29/58€10.4m€8.7m€9.0m€32.8m▲ 265%
Amounts receivable after more than one year29--€1.1m€1.3m▲ 16.9%
Other amounts receivable291--€1.1m€1.3m▲ 16.9%
Amounts receivable within one year40/41€362,389€2-€264,000-
Other amounts receivable41€362,389€2-€264,000-
Current investments50/53€7.8m€8.1m€7.1m€30.8m▲ 337%
Cash at bank and in hand54/58€2.2m€671,977€798,008€375,545▼ 52.9%
Deferred charges and accrued income490/1-€578€25,131€72,402▲ 188%
Equity and liabilities
Total equity and liabilities10/49€39.7m€40.0m€40.4m€55.8m▲ 38.0%
Equity10/15€39.5m€39.7m€40.3m€55.7m▲ 38.2%
Contributions10/11€8.0m€8.0m€8.0m€8.0m=
Reserves13€13.3m€13.3m€13.3m€29.5m▲ 122%
Non-distributable reserves130/1---€18.6m-
Own shares acquired1312---€18.6m-
Tax-exempt reserves132€10.9m€10.9m€10.9m€10.9m=
Distributable reserves133€2.4m€2.4m€2.4m--
Profit (loss) carried forward14€18.2m€18.4m€19.0m€18.2m▼ 4.0%
Amounts payable17/49€159,755€273,315€102,514€50,791▼ 50.5%
Amounts payable within one year42/48€155,336€270,315€99,769€47,141▼ 52.7%
Financial debts43€25,615----
Credit institutions430/8€25,615----
Trade debts44€7,575€2,344€393€1,997▲ 408%
Suppliers440/4€7,575€2,344€393€1,997▲ 408%
Taxes, remuneration and social security45€122,000€236,910€99,375€45,145▼ 54.6%
Taxes450/3€122,000€236,910€99,375€45,145▼ 54.6%
Other amounts payable47/48€146€31,062---
Accrued charges and deferred income492/3€4,419€3,000€2,745€3,650▲ 33.0%
Line2021202220232024Change
Profit (loss) for the period9904€545,073€173,034€607,625€15.4m▲ 2,437%
+ Depreciation and write-downs630€700€700€75--
Operating cash flow (approximation)€545,773€173,734€607,700€15.4m▲ 2,436%
Investment in fixed assets (approximation)--€1.9m-€180,382€8.5m▲ 4,801%
Change in cash--€1.6m€126,031-€422,462▼ 435%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2021net €15.4m ▲2,437%
Net result €15.4m, the highest in the series.
31-12
Financial Liquidity times 8current ratio 696.32
Current ratio from 90.04 to 696.32; short-term debt falls from €99,769 to €47,141.
31-12
Financial Equity above €50mEq €55.7m ▲38.2%
4 profitable years in a row build equity to €55.7m.
29-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Liquidity triplescurrent ratio 90.04
Current ratio from 32.28 to 90.04; short-term debt falls from €270,315 to €99,769.
07-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €173,034 ▼68.3%
Net result drops to €173,034, the lowest in the series; recovery starts the following year.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Brussel · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
7,073 m²
Building footprint
1,915 m²
Volume, LiDAR
30,411 m³
2 parcels, Brussels, Wallonia · tallest building 31.4 m, ±6 floors. Linked by address, not a title deed.
123 companies at this address See who is registered here
1 establishment unit
NMBA
Chemin du Margot 22, 1380 LasneHoldings
since 20212.318.706.707
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25076B0013/00R000 Wallonia 6,098 m² 1 · 431 m² 9.3 m · 2 fl.
21807G0121/00A008 Brussels 975 m² 1 · 1,484 m² 31.4 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 holdings · 2 subsidiaries in the tree

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 2

All subsidiaries, including indirect ones 2

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of NMBA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

222100NMY1IURH76I180
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded10-06-2021
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.