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NOZZLE

Active
Private limited companyfounded 2024active for 2 yearsAstridlaan 115, 8310 Brugge, BelgiumKBO/BCE: BE 1012.808.573
Summary

The computed 12-month bankruptcy probability of NOZZLE is 1.8% (moderate). The 2025 annual accounts show negative equity (-€40,548) and a net result of -€45,548. Its solvency ranks better than 13% of 498 sector peers (NACE 31, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€40,548
Total assets
€146,726
Net result
-€45,548
Working capital
€24,773

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €143,562
Fixed assets €67,894
Current assets €75,669
Equity and liabilities
Equity-€40,548
Debt€187,273
Equity is negative: debt (€187,273) exceeds the balance-sheet total (€146,726).
Key figures and ratios
2025 value
EBITDA
-€31,196
Cash flow
-€33,380
Solvency
-27.6%
Current ratio
1.49
Quick ratio
1.42
ROA
-31.0%
Interest coverage
-13.49
Debt
€187,273
Debt ≤ 1 year
€50,896
Debt > 1 year
€136,377
Staff costs
€2,065
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.8% 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 497,445 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% 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€146,726
Formation expenses20€3,163
Fixed assets21/28€67,894
Intangible fixed assets21€10,204
Tangible fixed assets22/27€57,689
Furniture and vehicles24€36,895
Other tangible fixed assets26€20,794
Current assets29/58€75,669
Stocks and contracts in progress3€3,475
Stocks30/36€3,475
Amounts receivable within one year40/41€23,601
Trade receivables40€22,840
Other amounts receivable41€761
Cash at bank and in hand54/58€45,299
Deferred charges and accrued income490/1€3,293
Equity and liabilities
Total equity and liabilities10/49€146,726
Equity10/15-€40,548
Contributions10/11€5,000
Profit (loss) carried forward14-€45,548
Amounts payable17/49€187,273
Amounts payable after more than one year17€136,377
Financial debts170/4€136,377
Amounts payable within one year42/48€50,896
Current portion of amounts payable after more than one year42€21,390
Trade debts44€14,203
Suppliers440/4€14,203
Taxes, remuneration and social security45€270
Taxes450/3€157
Remuneration and social security454/9€112
Other amounts payable47/48€15,033
Income statement Code2025
Remuneration, social security and pensions62€2,065
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,167
Other operating charges640/8€49
Gross operating margin9900-€29,082
Operating profit (loss)9901-€43,364
Financial income75/76B€128
Recurring financial income75€128
Financial charges65/66B€2,312
Recurring financial charges65€2,312
Profit (loss) for the period before taxes9903-€45,548
Profit (loss) for the period9904-€45,548
Profit (loss) for the period to be appropriated9905-€45,548
Appropriation of the result
Profit (loss) to be appropriated9906-€45,548

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€2,065
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,167
Other operating charges640/8€49
Gross operating margin9900-€29,082
Operating profit (loss)9901-€43,364
Financial income75/76B€128
Recurring financial income75€128
Financial charges65/66B€2,312
Recurring financial charges65€2,312
Profit (loss) for the period before taxes9903-€45,548
Profit (loss) for the period9904-€45,548
Profit (loss) for the period to be appropriated9905-€45,548
Line2025
Assets
Total assets20/58€146,726
Formation expenses20€3,163
Fixed assets21/28€67,894
Intangible fixed assets21€10,204
Tangible fixed assets22/27€57,689
Furniture and vehicles24€36,895
Other tangible fixed assets26€20,794
Current assets29/58€75,669
Stocks and contracts in progress3€3,475
Stocks30/36€3,475
Amounts receivable within one year40/41€23,601
Trade receivables40€22,840
Other amounts receivable41€761
Cash at bank and in hand54/58€45,299
Deferred charges and accrued income490/1€3,293
Equity and liabilities
Total equity and liabilities10/49€146,726
Equity10/15-€40,548
Contributions10/11€5,000
Profit (loss) carried forward14-€45,548
Amounts payable17/49€187,273
Amounts payable after more than one year17€136,377
Financial debts170/4€136,377
Amounts payable within one year42/48€50,896
Current portion of amounts payable after more than one year42€21,390
Trade debts44€14,203
Suppliers440/4€14,203
Taxes, remuneration and social security45€270
Taxes450/3€157
Remuneration and social security454/9€112
Other amounts payable47/48€15,033
Line2025
Profit (loss) for the period9904-€45,548
+ Depreciation and write-downs630€12,167
Operating cash flow (approximation)-€33,380

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 08-04-2026 2026-00078632

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,457 active companies whose main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004), figures are known for 630. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 4 entries · €59,000 awarded · €59,000 paid
Year Entries AwardedPaid
2025 2 €0€25,000
2024 2 €59,000€34,000
Schemes
3 entries · €50,000 · €50,000 paid · Fonds voor Innoveren en Ondernemen
1 entry · €9,000 · €9,000 paid · Vlaams Agentschap voor Internationaal Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.