NOWSHAK
ActiveNOWSHAK has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €43k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-7
Solvency32▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 2.39 in 2024; short-term debt: 92.8% and cash: 52% of total assets), and 92.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
7.2%
Return on assets
7.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 15%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
55 d late
2023
90 d late
2022
71 d late
2021
40 d early
2020
39 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€43k▼ 87.0%
2024 · €330k
2020: €125k
2021: €221k
2022: €231k
2023: €258k
2024: €330k
2020 → 2025
Total assets
€595k▲ 5.0%
2024 · €566k
2020: €358k
2021: €604k
2022: €398k
2023: €527k
2024: €566k
2020 → 2025
Net result
€43k▼ 39.8%
2024 · €71k
2020: €125k
2021: €96k
2022: €10k
2023: €27k
2024: €71k
2020 → 2025
Working capital
€43k▼ 87.0%
2024 · €330k
2020: €125k
2021: €216k
2022: €228k
2023: €258k
2024: €330k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€221k-€231k▲ 4.4%€258k▲ 11.9%€330k▲ 27.6%€43k▼ 87.0%
Operating result€123k-€12k▼ 90.1%€37k▲ 204%€95k▲ 156%€57k▼ 39.8%
Net result€96k-€10k▼ 89.9%€27k▲ 184%€71k▲ 161%€43k▼ 39.8%
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 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €595k
Equity
€43k▼ 87.0%
Debt
€552k▲ 133%
The debt ratio rises from 41.8% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €95k
Cash flow
€43k▼
2024 · €71k
Solvency
7.2%▼
2024 · 58.2%
Current ratio
1.08▼
2024 · 2.39
Quick ratio
1.08▼
2024 · 2.39
Debt / equity
12.83▲
2024 · 0.72
ROE
100.0%▲
2024 · 21.7%
ROA
7.2%▼
2024 · 12.6%
Interest coverage
278.52▼
2024 · 839.29
Debt
€552k▲
2024 · €237k
Debt ≤ 1 year
€552k▲
2024 · €237k
Income taxes
€14k▼
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€566k€595k▲
Current assets29/58€566k€595k▲
Amounts receivable within one year40/41€389k€284k▼
Trade receivables40€304k€184k▼
Other amounts receivable41€85k€100k▲
Cash at bank and in hand54/58€177k€309k▲
Deferred charges and accrued income490/1€620€913▲
Equity and liabilities
Total equity and liabilities10/49€566k€595k▲
Equity10/15€330k€43k▼
Profit (loss) carried forward14€330k€43k▼
Amounts payable17/49€237k€552k▲
Amounts payable within one year42/48€237k€552k▲
Trade debts44€235k€222k▼
Suppliers440/4€235k€222k▼
Taxes, remuneration and social security45-€49k
Taxes450/3-€49k
Other amounts payable47/48€2k€280k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26€0▼
Other operating charges640/8€194€400▲
Gross operating margin9900€96k€58k▼
Operating profit (loss)9901€95k€57k▼
Financial charges65/66B€114€206▲
Recurring financial charges65€114€206▲
Profit (loss) for the period before taxes9903€95k€57k▼
Income taxes67/77€24k€14k▼
Profit (loss) for the period9904€71k€43k▼
Profit (loss) for the period to be appropriated9905€71k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€330k€373k▲
Profit (loss) brought forward from the previous period14P€258k€330k▲
Profit to be distributed694/7-€330k
Return on contributions (dividend)694-€330k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Weakest financial yearnet €10k ▼89.9%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €221k ▲76.4%
2 profitable years in a row build equity to €221k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudergem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vandrommelaan 331160 OudergemGround area
198 m²
Building footprint
94 m²
Volume, LiDAR
494 m³
Parcel 21002A0127/02T005, Brussels · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOWSHAK
since 20192.290.422.495
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0127/02T005 | Brussels | 198 m² | 1 · 94 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IDEATION COMPANY
BE 0777.316.131
Perwez · Eq €43k
Legal & Support
BE 0715.427.359
Hamme (Vl.) · Eq €43k
ACLS Management
BE 1025.243.181
Ukkel · Eq €43k
Cold Call
BE 0791.520.097
Mechelen · Eq €43k
VAN GOETHEM CONSULTING
BE 1011.927.655
Temse · Eq €43k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 37,197 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
78100Employment placement agencies
82990Other business support services
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.nowshak.com
E-mail:info@nowshak.com