Nomada
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 8 filings
Turnover
≈ €130,000
Estimated: probably between €120,000 and €180,000
Total assets
€83,133▲ 4.2%
2024 · €79,783
Net result
€48,071▼ 23.1%
2024 · €62,526
Working capital
€1,189▲ 574%
2024 · €177
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€61,366
▼ 19.9%
2025
20192025
Net result
€48,071
▼ 23.1%
2025
middle half of the sector
20192025
Equity
€20,843
▼ 19.1%
2025
middle half of the sector
20192025
Total assets
€83,133
▲ 4.2%
2025
middle half of the sector
20192025
Debt
€62,291
▲ 15.3%
2025
20192025
Working capital
€1,189
▲ 574%
2025
lowest quarter of the sector
20192025
Solvency
25.1%
▼ 7.2pp
2025
lowest quarter of the sector
20192025
Current ratio
1.02
▲ 0.02
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
57.8%
▼ 20.5pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€43,800-€42,055▼ 4.0%€32,972▼ 21.6%€36,503▲ 10.7%€62,863▲ 72.2%€76,565▲ 21.8%€61,366▼ 19.9%
Net result€32,615-€33,551within the sector's middle half▲ 2.9%€25,916within the sector's middle half▼ 22.8%€28,039within the sector's middle half▲ 8.2%€51,282above the sector's middle half▲ 82.9%€62,526above the sector's middle half▲ 21.9%€48,071within the sector's middle half▼ 23.1%
Equity€96,479-€86,257within the sector's middle half▼ 10.6%€23,005below the sector's middle half▼ 73.3%€23,005below the sector's middle half=€9,046below the sector's middle half▼ 60.7%€25,771below the sector's middle half▲ 185%€20,843within the sector's middle half▼ 19.1%
Total assets€127,397-€111,128below the sector's middle half▼ 12.8%€61,035below the sector's middle half▼ 45.1%€67,827below the sector's middle half▲ 11.1%€68,161below the sector's middle half▲ 0.5%€79,783within the sector's middle half▲ 17.1%€83,133within the sector's middle half▲ 4.2%
Debt€30,918-€24,871▼ 19.6%€38,030▲ 52.9%€44,822▲ 17.9%€59,115▲ 31.9%€54,011▼ 8.6%€62,291▲ 15.3%
Working capital€86,245-€77,434within the sector's middle half▼ 10.2%€12,267within the sector's middle half▼ 84.2%€16,464within the sector's middle half▲ 34.2%€7,664below the sector's middle half▼ 53.5%€177below the sector's middle half▼ 97.7%€1,189below the sector's middle half▲ 574%
Solvency75.7%-77.6%above the sector's middle half▲ 1.9pp37.7%within the sector's middle half▼ 39.9pp33.9%within the sector's middle half▼ 3.8pp13.3%below the sector's middle half▼ 20.6pp32.3%below the sector's middle half▲ 19.0pp25.1%below the sector's middle half▼ 7.2pp
Current ratio4.67-4.55above the sector's middle half▼ 0.121.32within the sector's middle half▼ 3.231.37within the sector's middle half▲ 0.041.13below the sector's middle half▼ 0.241.00below the sector's middle half▼ 0.131.02below the sector's middle half▲ 0.02
Return on assets (ROA)25.6%-30.2%above the sector's middle half▲ 4.6pp42.5%above the sector's middle half▲ 12.3pp41.3%above the sector's middle half▼ 1.1pp75.2%above the sector's middle half▲ 33.9pp78.4%above the sector's middle half▲ 3.1pp57.8%above the sector's middle half▼ 20.5pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 20% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,133
Fixed assets
€19,653 ▼ 23.2%
Current assets
€63,480 ▲ 17.1%
Equity and liabilities €83,133
Equity
€20,843 ▼ 19.1%
Debt
€62,291 ▲ 15.3%
Debt's share of the balance-sheet total rises from 67.7% to 74.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68,568▼
2024 · €83,451
Cash flow
€55,273▼
2024 · €69,411
Debt to equity
2.99▲
2024 · 2.10
ROE
230.6%▼
2024 · 242.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€62,291▲
2024 · €54,011
Income taxes
€13,203▼
2024 · €13,967
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,024 | €486 | €625 | €31,779 | €1,260 |
| Depreciation and write-downs of the year | €6,166 | €4,684 | €5,784 | €6,886 | €7,202 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €9,750 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,786 | €5,787 | €6,166 | €4,684 | €5,784 | €6,886 | €7,202 | ▲ 4.6% |
| Other operating charges640/8 | - | - | €961 | €573 | €626 | €1,257 | €821 | ▼ 34.7% |
| Gross operating margin9900 | €59,739 | €48,064 | €40,100 | €41,760 | €69,272 | €84,708 | €69,389 | ▼ 18.1% |
| Operating profit (loss)9901 | €43,800 | €42,055 | €32,972 | €36,503 | €62,863 | €76,565 | €61,366 | ▼ 19.9% |
| Financial income75/76B | - | - | €9 | - | €3 | €0 | - | - |
| Recurring financial income75 | - | €0 | €9 | - | €3 | €0 | - | - |
| Financial charges65/66B | - | - | €227 | €98 | €87 | €72 | €91 | ▲ 26.6% |
| Recurring financial charges65 | - | €0 | €227 | €98 | €87 | €72 | €91 | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €43,800 | €42,055 | €32,754 | €36,405 | €62,779 | €76,493 | €61,275 | ▼ 19.9% |
| Income taxes67/77 | €10,923 | €8,504 | €6,838 | €8,366 | €11,497 | €13,967 | €13,203 | ▼ 5.5% |
| Profit (loss) for the period9904 | €32,615 | €33,551 | €25,916 | €28,039 | €51,282 | €62,526 | €48,071 | ▼ 23.1% |
| Profit (loss) for the period to be appropriated9905 | €32,615 | €33,354 | €25,916 | €28,039 | €51,282 | €62,526 | €48,071 | ▼ 23.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €127,397 | €111,128 | €61,035 | €67,827 | €68,161 | €79,783 | €83,133 | ▲ 4.2% |
| Fixed assets21/28 | €17,668 | €11,881 | €10,738 | €6,540 | €1,382 | €25,595 | €19,653 | ▼ 23.2% |
| Tangible fixed assets22/27 | €17,668 | €11,881 | €10,738 | €6,540 | €1,382 | €25,595 | €19,653 | ▼ 23.2% |
| Plant, machinery and equipment23 | - | - | €1,081 | €918 | €701 | €883 | €1,471 | ▲ 66.6% |
| Furniture and vehicles24 | - | - | €9,657 | €5,622 | €680 | €24,712 | €18,182 | ▼ 26.4% |
| Current assets29/58 | €109,729 | €99,248 | €50,297 | €61,287 | €66,779 | €54,188 | €63,480 | ▲ 17.1% |
| Stocks and contracts in progress3 | €327 | €242 | €242 | €188 | €125 | - | - | - |
| Stocks30/36 | - | - | €242 | €188 | €125 | - | - | - |
| Amounts receivable within one year40/41 | €13,289 | €13,606 | €6,706 | €27,327 | €24,958 | €28,048 | €17,238 | ▼ 38.5% |
| Trade receivables40 | - | - | €6,645 | €27,327 | €24,958 | €28,048 | €16,238 | ▼ 42.1% |
| Other amounts receivable41 | - | - | €61 | - | - | - | €1,000 | - |
| Cash at bank and in hand54/58 | €96,113 | €83,839 | €42,316 | €32,778 | €40,533 | €24,450 | €44,554 | ▲ 82.2% |
| Deferred charges and accrued income490/1 | - | - | €1,033 | €994 | €1,164 | €1,690 | €1,687 | ▼ 0.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €127,397 | €111,128 | €61,035 | €67,827 | €68,161 | €79,783 | €83,133 | ▲ 4.2% |
| Equity10/15 | €96,479 | €86,257 | €23,005 | €23,005 | €9,046 | €25,771 | €20,843 | ▼ 19.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €5,100 | €5,100 | €5,100 | = |
| Reserves13 | €46,064 | €2,489 | €4,405 | €4,405 | €3,946 | €20,671 | €15,743 | ▼ 23.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €629 | €629 | €629 | €629 | €629 | = |
| Distributable reserves133 | - | - | €1,916 | €3,776 | €3,317 | €20,043 | €15,114 | ▼ 24.6% |
| Profit (loss) carried forward14 | €31,815 | €65,169 | - | - | - | - | - | - |
| Amounts payable17/49 | €30,918 | €24,871 | €38,030 | €44,822 | €59,115 | €54,011 | €62,291 | ▲ 15.3% |
| Amounts payable after more than one year17 | €5,932 | €1,483 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €23,484 | €21,814 | €38,030 | €44,822 | €59,115 | €54,011 | €62,291 | ▲ 15.3% |
| Current portion of amounts payable after more than one year42 | - | - | €1,483 | - | - | - | - | - |
| Trade debts44 | €229 | €1,756 | €506 | €1,927 | €2,450 | €1,285 | €2,511 | ▲ 95.5% |
| Suppliers440/4 | - | - | €506 | €1,927 | €2,450 | €1,285 | €2,511 | ▲ 95.5% |
| Taxes, remuneration and social security45 | - | - | €15,642 | €14,583 | €7,315 | €6,576 | €6,211 | ▼ 5.6% |
| Taxes450/3 | - | - | €15,642 | €14,583 | €7,315 | €6,576 | €6,211 | ▼ 5.6% |
| Other amounts payable47/48 | - | - | €20,400 | €28,312 | €49,350 | €46,150 | €53,569 | ▲ 16.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,615 | €33,551 | €25,916 | €28,039 | €51,282 | €62,526 | €48,071 | ▼ 23.1% |
| + Depreciation and write-downs630 | €5,786 | €5,787 | €6,166 | €4,684 | €5,784 | €6,886 | €7,202 | ▲ 4.6% |
| Operating cash flow (approximation) | €38,401 | €39,338 | €32,082 | €32,722 | €57,065 | €69,411 | €55,273 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | €0 | -€5,024 | -€486 | -€625 | -€31,099 | -€1,260 | ▲ 95.9% |
| Change in cash | - | -€12,274 | -€41,523 | -€9,538 | €7,755 | -€16,083 | €20,104 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as Nomada has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Nomada itself is lower: < 0.1% within 12 months. It rests on far more data about Nomada than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,713 companies, not a prediction for Nomada. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-01-2026 | 2026-00022812 | |
| 30-09-2024 | micro format | 17-03-2025 | 2025-00048583 | |
| 30-09-2023 | micro format | 04-04-2024 | 2024-00056847 | |
| 30-09-2022 | micro format | 14-03-2023 | 2023-00039075 | |
| 30-09-2021 | abbreviated format | 05-04-2022 | 2022-20000346 | |
| 30-09-2020 | abbreviated format | 19-03-2021 | 2021-07800532 | |
| 30-09-2019 | abbreviated format | 23-03-2020 | 2020-07300163 | |
| 30-09-2018 | abbreviated format | 15-03-2019 | 2019-07100520 |