Equity
NOMAD SOLUTION paid out €20,000 in dividends. That is 1,592% of the 2026 profit.
NOMAD SOLUTION paid out €20,000 in dividends. That is 1,592% of the 2026 profit.
The micro format states no turnover.
Three of the last ten came late. The 2020 accounts came latest: 27 days after the end of the period.
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 70, micro). It does better than 41% of them on solvency, 63% on liquidity, 16% on profitability and 20% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-03-2026.
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).
In July 2024, 10,904 companies had the same profile as NOMAD SOLUTION has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of NOMAD SOLUTION itself: < 0.1% within 12 months.
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 10,904 companies, not a prediction for NOMAD SOLUTION. 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.
Liquidity is ample, with a current ratio of 1.69 (2.38 in 2025), above the usual 1.5. Short-term debt is 56.2% and cash 84.9% of total assets. However, 56.2% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 37 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
NOMAD SOLUTION files the micro format. That format states no turnover. The gross margin rose from €72,881 in 2012 to €100,757 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €250,000. Estimated: probably between €170,000 and €390,000.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
134,709 | 121,331 | 89,055 | 94,432 | 105,310 | 105,404 | 70,409 | 95,276 | 100,002 | 79,820 | 63,656 | 77,951 | 103,835 | 133,874 | 51,378 | |
21/28 |
6,962 | 17,649 | 37,213 | 50,190 | 67,029 | 60,902 | 21,997 | 30,749 | 38,244 | 27,987 | 7,138 | 14,909 | 24,089 | 32,834 | 3,253 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 400 | 799 | |
22/27 |
6,924 | 17,611 | 37,175 | 50,151 | 66,991 | 60,864 | 21,959 | 30,711 | 38,205 | 27,948 | 7,099 | 14,870 | 24,051 | 32,434 | 2,454 | |
24 |
4,554 | 13,485 | 17,486 | 18,301 | 22,980 | 4,692 | 9,051 | 16,047 | 21,785 | 27,948 | 7,099 | 14,870 | 24,051 | 32,434 | 2,454 | |
25 |
- | - | 13,807 | 24,212 | 34,616 | - | - | - | - | - | - | - | - | - | - | |
26 |
2,370 | 4,126 | 5,883 | 7,639 | 9,395 | 11,151 | 12,908 | 14,664 | 16,420 | - | - | - | - | - | - | |
28 |
38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 39 | 39 | 39 | 39 | 38 | - | - | |
29/58 |
127,747 | 103,682 | 51,842 | 44,243 | 38,281 | 44,502 | 48,412 | 64,527 | 61,758 | 51,833 | 56,518 | 63,042 | 79,746 | 101,040 | 48,125 | |
40/41 |
5,400 | 44,000 | 33,401 | 13,955 | 17,944 | 30,525 | 41,063 | 60,391 | 55,665 | 36,825 | 47,653 | 59,776 | 64,592 | 88,177 | 46,058 | |
40 |
- | 40,924 | 32,031 | 13,310 | 13,310 | 20,136 | 10,765 | 27,729 | 21,202 | 4,820 | 26,533 | 35,795 | 30,406 | 50,060 | 46,058 | |
41 |
5,400 | 3,077 | 1,371 | 645 | 4,634 | 10,389 | 30,298 | 32,662 | 34,463 | 32,005 | 21,120 | 23,981 | 34,186 | 38,117 | - | |
54/58 |
114,398 | 54,477 | 14,145 | 26,648 | 16,861 | 9,486 | 5,382 | 4,136 | 4,260 | 12,649 | 6,865 | 3,266 | 15,154 | 12,863 | 2,067 | |
490/1 |
7,948 | 5,205 | 4,295 | 3,640 | 3,475 | 4,491 | 1,967 | - | 1,833 | 2,359 | 2,000 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
134,709 | 121,331 | 89,055 | 94,432 | 105,310 | 105,404 | 70,409 | 95,276 | 100,002 | 79,820 | 63,656 | 77,951 | 103,835 | 133,874 | 51,378 | |
10/15 |
59,018 | 77,762 | 63,984 | 58,925 | 61,460 | 61,135 | 52,577 | 56,921 | 48,101 | 21,605 | 34,434 | 7,718 | -10,965 | 10,600 | 12,488 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
13 |
31,078 | 29,822 | 16,044 | 10,986 | 10,986 | 9,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
133 |
31,078 | 29,822 | 16,044 | 9,126 | 9,126 | 8,000 | - | - | - | - | - | - | - | - | - | |
14 |
9,340 | 29,340 | 29,340 | 29,340 | 31,875 | 32,675 | 32,117 | 36,461 | 27,641 | 1,145 | 13,974 | -342 | -19,025 | 2,540 | 4,428 | |
17/49 |
75,691 | 43,569 | 25,071 | 35,507 | 43,850 | 44,269 | 17,832 | 38,355 | 51,901 | 58,215 | 29,222 | 70,233 | 114,800 | 123,274 | 38,890 | |
17 |
- | - | 7,973 | 13,080 | 24,071 | 28,475 | - | 1,054 | 11,668 | 24,106 | 2,091 | 10,191 | 23,191 | 25,193 | - | |
170/4 |
- | - | 7,973 | 13,080 | 24,071 | 28,475 | - | 1,054 | 11,668 | 24,106 | 2,091 | 10,191 | 23,191 | 25,193 | - | |
42/48 |
75,691 | 43,569 | 17,098 | 22,172 | 19,779 | 15,254 | 17,796 | 37,301 | 40,233 | 33,708 | 26,730 | 60,042 | 91,609 | 98,041 | 38,890 | |
42 |
- | 170 | 5,107 | 10,991 | 10,596 | 8,245 | 1,054 | 10,615 | 10,456 | 10,409 | 8,100 | 17,608 | 29,692 | 6,943 | - | |
43 |
- | - | - | - | - | 2,367 | 2,029 | 2,029 | 2,029 | 1,538 | 1,538 | - | - | - | - | |
430/8 |
- | - | - | - | - | 2,367 | 2,029 | 2,029 | 2,029 | 1,538 | 1,538 | - | - | - | - | |
44 |
2,442 | 4,141 | 5,011 | 2,077 | 2,957 | 2,980 | 568 | 2,619 | 5,182 | 4,279 | 10,430 | 2,745 | 12,619 | 2,717 | 3,418 | |
440/4 |
2,442 | 4,141 | 5,011 | 2,077 | 2,957 | 2,980 | 568 | 2,619 | 5,182 | 4,279 | 10,430 | 2,745 | 12,619 | 2,717 | 3,418 | |
45 |
8,592 | - | 6,147 | 535 | 599 | 1,606 | 6,145 | 7,038 | 7,566 | 2,482 | 6,662 | 39,689 | 49,298 | 52,381 | 29,848 | |
450/3 |
8,592 | - | 6,147 | 535 | 599 | 1,606 | 6,145 | 7,038 | 7,566 | 2,482 | 6,662 | 39,689 | 49,298 | 52,381 | 29,848 | |
47/48 |
64,657 | 39,259 | 833 | 8,569 | 5,627 | 56 | 8,000 | 15,000 | 15,000 | 15,000 | - | - | - | 36,000 | 5,624 | |
492/3 |
- | - | - | 255 | - | 540 | 36 | - | - | 401 | 401 | - | - | 40 | - | |
| Income statement | ||||||||||||||||
9900 |
100,757 | 97,526 | 35,942 | 23,699 | 25,041 | 29,190 | 8,860 | 24,357 | 41,850 | 26,429 | 32,605 | 37,201 | -5,102 | 64,543 | 72,881 | |
630 |
13,715 | 21,373 | 21,417 | 20,144 | 20,442 | 14,398 | 14,369 | 12,823 | 11,047 | 15,740 | 7,771 | 9,891 | 10,845 | 10,926 | 1,943 | |
640/8 |
1,265 | 2,378 | 2,304 | 348 | 348 | 482 | 382 | 348 | 410 | 813 | 1,913 | 2,099 | 1,208 | 1,642 | 69 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 1,901 | 1,111 | - | |
9901 |
85,776 | 73,774 | 12,221 | 3,208 | 4,251 | 14,310 | -5,891 | 11,186 | 30,393 | 9,876 | 22,921 | 25,211 | -17,155 | 51,975 | 70,869 | |
75/76B |
- | 43 | 40 | 0 | 692 | 1,673 | 2,512 | 3,348 | 3,358 | 1,768 | 1,239 | 1,549 | 1,989 | 3,890 | 503 | |
75 |
- | 43 | 40 | 0 | 692 | 1,673 | 2,512 | 3,348 | 3,358 | 1,768 | 1,239 | 1,549 | 1,989 | 3,890 | 503 | |
65/66B |
80,920 | 50,044 | 822 | 1,507 | 1,733 | 1,377 | 467 | 664 | 774 | 1,260 | 3,153 | 6,869 | 4,516 | 1,642 | 84 | |
65 |
80,920 | 50,044 | 822 | 1,507 | 1,733 | 1,377 | 467 | 664 | 774 | 1,260 | 3,153 | 6,869 | 4,516 | 1,642 | 84 | |
9903 |
4,856 | 23,773 | 11,439 | 1,701 | 3,210 | 14,606 | -3,846 | 13,870 | 32,977 | 10,384 | 21,007 | 19,891 | -21,583 | 53,112 | 71,288 | |
67/77 |
3,600 | 9,135 | 5,547 | 3,436 | 2,085 | 6,048 | 498 | 5,050 | 6,481 | 8,213 | 6,691 | 1,208 | -18 | 19,000 | 25,000 | |
9904 |
1,256 | 14,637 | 5,891 | -1,735 | 1,126 | 8,558 | -4,344 | 8,820 | 26,496 | 2,171 | 14,316 | 18,683 | -21,565 | 34,112 | 46,288 | |
9905 |
1,256 | 14,637 | 5,891 | -1,735 | 1,126 | 8,558 | -4,344 | 8,820 | 26,496 | 2,171 | 14,316 | 18,683 | -21,565 | 34,112 | 46,288 | |
| Appropriation of the result | ||||||||||||||||
9906 |
30,596 | 43,977 | 35,231 | 30,140 | 33,800 | 40,675 | 32,117 | 36,461 | 27,641 | 16,145 | 13,974 | -342 | -19,025 | 38,540 | 46,288 | |
14P |
29,340 | 29,340 | 29,340 | 31,875 | 32,675 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
1,256 | 13,778 | 5,058 | - | 1,126 | 8,000 | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
1,256 | 13,778 | 5,058 | - | 1,126 | 8,000 | - | - | - | - | - | - | - | - | - | |
694/7 |
20,000 | 859 | 833 | 800 | 800 | - | - | - | - | 15,000 | - | - | - | 36,000 | 40,000 | |
694 |
20,000 | 859 | 833 | 800 | 800 | - | - | - | - | 15,000 | - | - | - | 36,000 | 40,000 | |
| Document | ||||||||||||||||
The notes to these accounts have 8 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 2026 at the NBB, filed on 17-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 17-09-2026 | 2026-00515054 | |
| 31-03-2025 | micro format | 18-08-2025 | 2025-00383275 | |
| 31-03-2024 | micro format | 19-08-2024 | 2024-00353908 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00494572 | |
| 31-03-2022 | micro format | 25-10-2022 | 2022-20471196 | |
| 31-03-2021 | micro format | 04-08-2021 | 2021-45800393 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72800092 | |
| 31-03-2019 | micro format | 10-10-2019 | 2019-69400414 | |
| 31-03-2018 | micro format | 12-11-2018 | 2018-72000288 | |
| 31-03-2017 | micro format | 07-11-2017 | 2017-69300567 | |
| 31-03-2016 | full format | 30-09-2016 | 2016-63300501 | |
| 31-03-2015 | full format | 15-10-2015 | 2015-65000093 | |
| 31-03-2014 | full format | 30-09-2014 | 2014-62000188 | |
| 31-03-2013 | full format | 07-10-2013 | 2013-62300316 | |
| 31-03-2012 | full format | 10-10-2012 | 2012-60700192 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99,492 | 95,147 | 33,638 | 23,351 | 24,693 | 28,708 | 8,478 | 24,009 | 41,440 | 25,616 | 30,692 | 35,102 | -6,310 | 62,901 | 72,812 | ||
| 14,971 | 36,010 | 27,309 | 18,409 | 21,567 | 22,956 | 10,025 | 21,643 | 37,543 | 17,911 | 22,087 | 28,574 | -10,720 | 45,038 | 48,231 | ||
| 3,028 | 1,809 | 8,441 | 3,304 | 26,568 | 53,303 | 5,617 | 5,329 | 21,304 | 36,589 | 0 | 710 | 2,100 | 40,507 | 5,196 | ||
| 59,921 | 40,332 | -12,503 | 9,787 | 7,375 | 4,104 | 1,246 | -124 | -8,389 | 5,784 | 3,599 | -11,888 | 2,291 | 10,796 | - | ||
| 52,056 | 60,113 | 34,743 | 22,071 | 18,502 | 29,248 | 30,616 | 27,226 | 21,525 | 18,125 | 29,788 | 3,000 | -11,863 | 2,999 | 9,235 | ||
| 43.8% | 64.1% | 71.8% | 62.4% | 58.4% | 58.0% | 74.7% | 59.7% | 48.1% | 27.1% | 54.1% | 9.9% | -10.6% | 7.9% | 24.3% | ||
| 1.69 | 2.38 | 3.03 | 2.00 | 1.94 | 2.92 | 2.72 | 1.73 | 1.54 | 1.54 | 2.11 | 1.05 | 0.87 | 1.03 | 1.24 | ||
| 1.28 | 0.56 | 0.39 | 0.60 | 0.71 | 0.72 | 0.34 | 0.67 | 1.08 | 2.69 | 0.85 | 9.10 | - | 11.63 | 3.11 | ||
| 2.1% | 18.8% | 9.2% | -2.9% | 1.8% | 14.0% | -8.3% | 15.5% | 55.1% | 10.0% | 41.6% | 242.1% | - | 321.8% | 370.7% | ||
| 0.9% | 12.1% | 6.6% | -1.8% | 1.1% | 8.1% | -6.2% | 9.3% | 26.5% | 2.7% | 22.5% | 24.0% | -20.8% | 25.5% | 90.1% | ||
| 1.23 | 1.90 | 40.93 | 15.50 | 14.25 | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,028 | €1,809 | €8,441 | €3,304 | €26,568 |
| €13,715 | €21,373 | €21,417 | €20,144 | €20,442 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 16% higher than in 2025 and the highest since 2012. It is the third rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 35.9% to 56.2%. Equity is lower and debt is higher.
NOMAD SOLUTION has no parent and no holdings in its annual accounts. PENNETIER Patrice is the only director. NOMAD SOLUTION shares no director with another company.
| LOG2X
registered office since 12-04-2011 · founded in 2011 |
total assets €96,953 (2025) 0835.133.772 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Notre-Dame 21 registered office 1480 Tubize 58290 Other software publishing | 29-04-2011 | 2.198.842.322 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25077C0069/00S000 | 1.3 ha | 1 · 112 m² | 8.4 m · 2 |
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