NOURTHY
ActiveSummary
NOURTHY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency33▼-67
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.98 against 5.35 in 2024; short-term debt: 91.6% and cash: 47% of total assets), and 91.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.4%
Return on assets
21.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
13 d early
2024
51 d early
2023
118 d early
2022
2 d late
2021
2 d early
2020
on the day
2019
11 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 89.0%
2024 · €73k
Total assets
€96k▲ 8.4%
2024 · €88k
Net result
€20k▼ 47.7%
2024 · €39k
Working capital
€-2k
2024 · €64k
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
Line20212022202320242025
Operating result€30k▲ 16.0%€10k▼ 66.9%€40k▲ 302%€51k▲ 26.4%€31k▼ 38.2%
Net result€23k▲ 23.0%€6k▼ 73.4%€30k▲ 383%€39k▲ 28.1%€20k▼ 47.7%
Equity€64k▲ 52.1%€8k▼ 87.4%€37k▲ 363%€73k▲ 96.8%€8k▼ 89.0%
Total assets€85k▲ 33.9%€76k▼ 10.0%€84k▲ 10.3%€88k▲ 5.0%€96k▲ 8.4%
Debt€21k▼ 1.8%€68k▲ 226%€47k▼ 31.5%€15k▼ 68.4%€88k▲ 494%
Working capital€63k▲ 58.0%€3k▼ 94.9%€27k▲ 735%€64k▲ 139%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€10k ▲ 8.5%
Current assets
€85k ▲ 8.4%
Equity and liabilities €96k
Equity
€8k ▼ 89.0%
Debt
€88k ▲ 494%
Debt's share of the balance-sheet total rises from 16.7% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €56k
Cash flow
€24k▼
2024 · €44k
Current ratio
0.98▼
2024 · 5.35
Debt to equity
10.86▲
2024 · 0.20
ROE
250.0%▲
2024 · 52.4%
ROA
21.1%▼
2024 · 43.7%
Interest coverage
39.09▼
2024 · 309.12
Debt ≤ 1 year
€88k▲
2024 · €15k
Income taxes
€10k▼
2024 · €12k
Staff costs
€19k▲
2024 · €701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €701 | €19k | ▲ 2,672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €865 | €4k | €5k | €3k | ▼ 36.0% |
| Other operating charges640/8 | €14k | €11k | €15k | €4k | €3k | ▼ 29.8% |
| Gross operating margin9900 | €45k | €22k | €59k | €61k | €57k | ▼ 6.2% |
| Operating profit (loss)9901 | €30k | €10k | €40k | €51k | €31k | ▼ 38.2% |
| Financial income75/76B | €21 | €0 | - | - | €2 | - |
| Recurring financial income75 | €21 | €0 | - | - | €2 | - |
| Financial charges65/66B | €131 | €266 | €174 | €180 | €885 | ▲ 390% |
| Recurring financial charges65 | €131 | €266 | €174 | €180 | €885 | ▲ 390% |
| Profit (loss) for the period before taxes9903 | €30k | €10k | €40k | €50k | €30k | ▼ 39.7% |
| Income taxes67/77 | €6k | €3k | €10k | €12k | €10k | ▼ 13.8% |
| Profit (loss) for the period9904 | €23k | €6k | €30k | €39k | €20k | ▼ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €23k | €6k | €30k | €39k | €20k | ▼ 47.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €76k | €84k | €88k | €96k | ▲ 8.4% |
| Fixed assets21/28 | €1k | €5k | €11k | €9k | €10k | ▲ 8.5% |
| Tangible fixed assets22/27 | €1k | €5k | €11k | €9k | €10k | ▲ 8.5% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | €1k | €5k | €11k | €6k | €5k | ▼ 16.2% |
| Other tangible fixed assets26 | - | - | - | €4k | €3k | ▼ 15.4% |
| Current assets29/58 | €84k | €71k | €73k | €79k | €85k | ▲ 8.4% |
| Amounts receivable within one year40/41 | €13k | €19k | €17k | €16k | €18k | ▲ 13.8% |
| Trade receivables40 | €13k | €17k | €17k | €15k | €18k | ▲ 18.4% |
| Other amounts receivable41 | - | €2k | €0 | €625 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €71k | €52k | €56k | €62k | €45k | ▼ 27.5% |
| Deferred charges and accrued income490/1 | €89 | €91 | €685 | €817 | €22k | ▲ 2,627% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €76k | €84k | €88k | €96k | ▲ 8.4% |
| Equity10/15 | €64k | €8k | €37k | €73k | €8k | ▼ 89.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €56k | €0 | €29k | €65k | €0 | ▼ 100% |
| Amounts payable17/49 | €21k | €68k | €47k | €15k | €88k | ▲ 494% |
| Amounts payable within one year42/48 | €21k | €68k | €47k | €15k | €88k | ▲ 494% |
| Trade debts44 | €954 | €3k | €358 | €1k | €5k | ▲ 282% |
| Suppliers440/4 | €954 | €3k | €358 | €1k | €5k | ▲ 282% |
| Taxes, remuneration and social security45 | €13k | €16k | €13k | €12k | €22k | ▲ 84.6% |
| Taxes450/3 | €13k | €16k | €13k | €12k | €21k | ▲ 72.3% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | €6k | €50k | €33k | €1k | €60k | ▲ 4,347% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €6k | €30k | €39k | €20k | ▼ 47.7% |
| + Depreciation and write-downs630 | €1k | €865 | €4k | €5k | €3k | ▼ 36.0% |
| Operating cash flow (approximation) | €25k | €7k | €34k | €44k | €24k | ▼ 46.3% |
| Investment in fixed assets (approximation) | - | €-5k | €-9k | €-4k | €-4k | ▼ 1.6% |
| Change in cash | - | €-19k | €3k | €6k | €-17k | ▼ 373% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €39k ▲28.1%
Operating result €51k, net result €39k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 5.35
Current ratio from 1.57 to 5.35; short-term debt falls from €47k to €15k.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Weakest financial yearnet €6k ▼73.4%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2018
Ground area
529 m²
Building footprint
452 m²
Volume, LiDAR
9,952 m³
2 parcels, Brussels, Flanders · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
276
companies at this address
See who is registered here
1 establishment unit
NOURTHY
since 20182.280.666.275
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 24302F0046/00A003 | Flanders | 49 m² | 1 · 35 m² | 8.4 m · 2 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 8,439 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2018
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46648Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.