NTHB
ActiveNTHB has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €-70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 1286 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 7.06 against 9.1 in 2024), and 25.2% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€70k
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 18-03-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
41 d early
2023
11 d early
2022
93 d early
2021
50 d early
2020
49 d early
2019
86 d early
← before the deadline
after the deadline →
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
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-70k▼ 37.1%
2024 · €-51k
2018: €7k
2019: €19k
2020: €13k
2021: €9k
2022: €11k
2023: €333k
2024: €-51k
2018 → 2025
Working capital
€153k▼ 28.0%
2024 · €212k
2018: €-42k
2019: €-6k
2020: €-4k
2021: €-10k
2022: €-15k
2023: €279k
2024: €212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€39k▲ 39.2%€371k▲ 855%€320k▼ 13.8%€250k▼ 21.9%
Operating result€18k-€25k▲ 37.8%€536k▲ 2,015%€-101k€-68k▲ 32.3%
Net result€9k-€11k▲ 25.8%€333k▲ 2,937%€-51k€-70k▼ 37.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €101k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333k
Fixed assets
€156k▼ 16.5%
Current assets
€178k▼ 25.3%
Equity and liabilities €334k
Equity
€250k▼ 21.9%
Debt
€84k▼ 20.0%
The debt ratio rises from 24.7% to 25.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-48k▲
2024 · €-59k
Cash flow
€-50k▼
2024 · €-9k
Solvency
74.8%▼
2024 · 75.3%
Current ratio
7.06▼
2024 · 9.10
Quick ratio
7.06▼
2024 · 9.10
Debt / equity
0.34▲
2024 · 0.33
ROE
-28.1%▼
2024 · -16.0%
ROA
-21.0%▼
2024 · -12.0%
Interest coverage
-24.98▲
2024 · -28.52
Debt
€84k▼
2024 · €105k
Debt ≤ 1 year
€25k▼
2024 · €26k
Debt > 1 year
€57k▼
2024 · €77k
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€425k€334k▼
Formation expenses20€969€709▼
Fixed assets21/28€186k€156k▼
Tangible fixed assets22/27€186k€156k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€814€497▼
Furniture and vehicles24€83k€15k▼
Other tangible fixed assets26€102k€139k▲
Financial fixed assets28€50€50=
Current assets29/58€238k€178k▼
Amounts receivable within one year40/41€80k€72k▼
Trade receivables40€2k€273▼
Other amounts receivable41€78k€72k▼
Cash at bank and in hand54/58€156k€102k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€425k€334k▼
Equity10/15€320k€250k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€76k€76k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€70k€70k=
Profit (loss) carried forward14€183k€112k▼
Amounts payable17/49€105k€84k▼
Amounts payable after more than one year17€77k€57k▼
Financial debts170/4€77k€57k▼
Amounts payable within one year42/48€26k€25k▼
Current portion of amounts payable after more than one year42€20k€20k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€17€23▲
Taxes450/3€17€23▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€-591-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€20k▼
Other operating charges640/8€10k€16k▲
Gross operating margin9900€-50k€-32k▲
Operating profit (loss)9901€-101k€-68k▲
Financial income75/76B€82€91▲
Recurring financial income75€82€91▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-103k€-70k▲
Income taxes67/77€-52k-
Profit (loss) for the period9904€-51k€-70k▼
Profit (loss) for the period to be appropriated9905€-51k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€183k€112k▼
Profit (loss) brought forward from the previous period14P€234k€183k▼
The notes to these accounts (10 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
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 9.10
Current ratio from 3.78 to 9.10; short-term debt falls from €100k to €26k.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €333k ▲2937%
Operating result €536k, net result €333k, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 3.78
Current ratio from 0.85 to 3.78.
30-09
Financial
Equity above €200kEq €371k ▲855%
6 profitable years in a row build equity to €371k.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bouillon · 1 establishment unit since 1999
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.
Rue du Petit 146830 BouillonGround area
79 m²
Building footprint
40 m²
Parcel 84010C0232/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
NTHB
since 19992.092.880.512
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010C0232/00D000 | Wallonia | 79 m² | 1 · 40 m² | - |
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
COMPAGNIE B
BE 1005.238.021
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DelPae
BE 0759.738.642
Maaseik · Eq €246k
A.R.L.
BE 0464.357.509
Lasne · Eq €245k
Verbrugghe Estates
BE 0831.685.819
Gent · Eq €244k
CURAMORA
BE 0772.311.228
Anzegem · Eq €260k
Of 729 companies in sector 55209 we hold annual accounts for 206. 131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-06-1999
Fiscal year end30-09
Activities, NACEBEL
55209Other holiday and short-stay accommodation
79901Tourist information services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:alain.nothomb@gmail.com
Phone:+32471293711