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NOKHSAS

Active
Private limited companyfounded 20242 yrs activeKeizerslaan 10, 1000 Brussel, BelgiumKBO/BCE: BE 1005.720.150
Summary

The computed 12-month bankruptcy probability of NOKHSAS is 4.2% (elevated). The 2025 annual accounts show equity of €62,733 and a net result of €33,752. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+13
Growth78
Track record82
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.59 against 0.56 in 2024; short-term debt: 18.6% and cash: 63.4% of total assets), and 18.6% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 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 2025
Solvency, return and age of the figures
Solvency
81.4%
Return on assets
43.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
28 d late
2024
153 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 91 days after 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.
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

NOKHSAS was incorporated on 7 February 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€62,733▲ 137%
2024 · €26,481
Total assets
€77,037▲ 79.8%
2024 · €42,848
Net result
€33,752▲ 27.5%
2024 · €26,481
Working capital
€37,013
2024 · -€7,237
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
Line20242025
Operating result€33,244-€47,663▲ 43.4%
Net result€26,481-€33,752▲ 27.5%
Equity€26,481-€62,733▲ 137%
Total assets€42,848-€77,037▲ 79.8%
Debt€16,367-€14,304▼ 12.6%
Working capital-€7,237-€37,013
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2024: €33,244€33,244Net result 2024: €26,481€26,481Operating result 2025: €47,663€47,663Net result 2025: €33,752€33,75220242025€0€20,000€40,000Operating result 2024: €33,244€33,200Net result 2024: €26,481€26,500Operating result 2025: €47,663€47,700Net result 2025: €33,752€33,80020242025
The operating result rises in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,037
Fixed assets €25,720 ▼ 23.7%
Current assets €51,317 ▲ 462%
Equity and liabilities €77,037
Equity €62,733 ▲ 137%
Debt €14,304 ▼ 12.6%
Debt's share of the balance-sheet total falls from 38.2% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€55,661▲
2024 · €39,516
Cash flow
€41,750▲
2024 · €32,753
Current ratio
3.59▲
2024 · 0.56
Debt to equity
0.23▼
2024 · 0.62
ROE
53.8%▼
2024 · 100.0%
ROA
43.8%▼
2024 · 61.8%
Interest coverage
515.24▼
2024 · 5098.78
Debt ≤ 1 year
€14,304▼
2024 · €16,367
Income taxes
€13,914▲
2024 · €6,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 39,278 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 · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€42,848€77,037▲
Fixed assets21/28€33,718€25,720▼
Tangible fixed assets22/27€33,718€25,720▼
Furniture and vehicles24€33,718€25,720▼
Current assets29/58€9,130€51,317▲
Amounts receivable within one year40/41-€2,500
Other amounts receivable41-€2,500
Cash at bank and in hand54/58€9,130€48,817▲
Equity and liabilities
Total equity and liabilities10/49€42,848€77,037▲
Equity10/15€26,481€62,733▲
Contributions10/11-€2,500
Reserves13-€30,000
Distributable reserves133-€30,000
Profit (loss) carried forward14€26,481€30,233▲
Amounts payable17/49€16,367€14,304▼
Amounts payable within one year42/48€16,367€14,304▼
Financial debts43€111-
Credit institutions430/8€111-
Trade debts44-€171
Suppliers440/4-€171
Taxes, remuneration and social security45€6,755€5,263▼
Taxes450/3€6,755€5,263▼
Other amounts payable47/48€9,501€8,869▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,272€7,998▲
Other operating charges640/8-€551
Gross operating margin9900€39,516€56,212▲
Operating profit (loss)9901€33,244€47,663▲
Financial income75/76B-€111
Recurring financial income75-€111
Financial charges65/66B€8€108▲
Recurring financial charges65€8€108▲
Profit (loss) for the period before taxes9903€33,236€47,666▲
Income taxes67/77€6,755€13,914▲
Profit (loss) for the period9904€26,481€33,752▲
Profit (loss) for the period to be appropriated9905€26,481€33,752▲
Appropriation of the result
Profit (loss) to be appropriated9906€26,481€60,233▲
Profit (loss) brought forward from the previous period14P-€26,481
Transfer to equity691/2-€30,000
To other reserves6921-€30,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,272€7,998▲ 27.5%
Other operating charges640/8-€551-
Gross operating margin9900€39,516€56,212▲ 42.3%
Operating profit (loss)9901€33,244€47,663▲ 43.4%
Financial income75/76B-€111-
Recurring financial income75-€111-
Financial charges65/66B€8€108▲ 1,294%
Recurring financial charges65€8€108▲ 1,294%
Profit (loss) for the period before taxes9903€33,236€47,666▲ 43.4%
Income taxes67/77€6,755€13,914▲ 106%
Profit (loss) for the period9904€26,481€33,752▲ 27.5%
Profit (loss) for the period to be appropriated9905€26,481€33,752▲ 27.5%
Line20242025Change
Assets
Total assets20/58€42,848€77,037▲ 79.8%
Fixed assets21/28€33,718€25,720▼ 23.7%
Tangible fixed assets22/27€33,718€25,720▼ 23.7%
Furniture and vehicles24€33,718€25,720▼ 23.7%
Current assets29/58€9,130€51,317▲ 462%
Amounts receivable within one year40/41-€2,500-
Other amounts receivable41-€2,500-
Cash at bank and in hand54/58€9,130€48,817▲ 435%
Equity and liabilities
Total equity and liabilities10/49€42,848€77,037▲ 79.8%
Equity10/15€26,481€62,733▲ 137%
Contributions10/11-€2,500-
Reserves13-€30,000-
Distributable reserves133-€30,000-
Profit (loss) carried forward14€26,481€30,233▲ 14.2%
Amounts payable17/49€16,367€14,304▼ 12.6%
Amounts payable within one year42/48€16,367€14,304▼ 12.6%
Financial debts43€111--
Credit institutions430/8€111--
Trade debts44-€171-
Suppliers440/4-€171-
Taxes, remuneration and social security45€6,755€5,263▼ 22.1%
Taxes450/3€6,755€5,263▼ 22.1%
Other amounts payable47/48€9,501€8,869▼ 6.6%
Line20242025Change
Profit (loss) for the period9904€26,481€33,752▲ 27.5%
+ Depreciation and write-downs630€6,272€7,998▲ 27.5%
Operating cash flow (approximation)€32,753€41,750▲ 27.5%
Investment in fixed assets (approximation)-€0-
Change in cash-€39,687-

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
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial Liquidity times 6current ratio 3.59
Current ratio from 0.56 to 3.59; short-term debt falls from €16,367 to €14,304.
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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
exact location from the address register On OpenStreetMap
Ground area
670 m²
Building footprint
488 m²
Volume, LiDAR
11,099 m³
Parcel 21808H1778/00D000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
472 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21808H1778/00D000 Brussels 670 m² 1 · 488 m² 27.7 m · 8 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded07-02-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005720150
Also 9925:BE1005720150
Registered 22-12-2025

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

Register as of 29 September 2026 · Peppol Directory

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