Nuance
ActiveSummary
Nuance has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €20k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.99 against 2.19 in 2024; short-term debt: 12.7% and cash: 28.6% of total assets), and 12.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
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
87.3%
Return on assets
5.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
3 d early
2023
on the day
2022
3 d early
2021
2 d early
2020
61 d late
2019
47 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 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 Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, micro schema
In the rankings
#4 company by equity in Mortsel, Other services sector#8 company by total assets in Mortsel, Other services sector#9 oldest company in Mortsel, Other services sector
Equity
€317k▲ 6.4%
2024 · €298k
Total assets
€363k▼ 12.6%
2024 · €416k
Net result
€20k▼ 35.3%
2024 · €31k
Working capital
€138k▼ 1.1%
2024 · €140k
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€16k▲ 337%€24k▲ 49.7%€66k▲ 170%€49k▼ 26.1%€36k▼ 26.6%
Net result€14k▲ 1,543%€15k▲ 12.3%€42k▲ 170%€31k▼ 25.7%€20k▼ 35.3%
Equity€222k▲ 6.2%€237k▲ 6.6%€278k▲ 17.2%€298k▲ 7.2%€317k▲ 6.4%
Total assets€273k▲ 2.7%€314k▲ 14.9%€349k▲ 11.3%€416k▲ 19.1%€363k▼ 12.6%
Debt€51k▼ 7.7%€77k▲ 51.6%€71k▼ 6.8%€118k▲ 65.2%€46k▼ 60.8%
Working capital€69k▼ 7.8%€101k▲ 46.6%€138k▲ 36.8%€140k▲ 1.5%€138k▼ 1.1%
Staff (FTE)3.5▲ 16.7%4▲ 14.3%3.7▼ 7.5%3.8▲ 2.7%3.5▼ 7.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€179k ▲ 13.2%
Current assets
€185k ▼ 28.4%
Equity and liabilities €363k
Equity
€317k ▲ 6.4%
Debt
€46k ▼ 60.8%
Debt's share of the balance-sheet total falls from 28.4% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €66k
Cash flow
€38k▼
2024 · €48k
Current ratio
3.99▲
2024 · 2.19
Quick ratio
2.63▲
2024 · 1.60
Debt to equity
0.15▼
2024 · 0.40
ROE
6.3%▼
2024 · 10.4%
ROA
5.5%▼
2024 · 7.4%
Interest coverage
8.16▼
2024 · 13.03
Debt ≤ 1 year
€46k▼
2024 · €118k
Income taxes
€9k▼
2024 · €13k
Staff costs
€190k▲
2024 · €178k
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 | €116k | €173k | €191k | €178k | €190k | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €22k | €16k | €17k | €18k | ▲ 6.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-2k | - | - | - | - | - |
| Other operating charges640/8 | €4k | €4k | €4k | €5k | €5k | ▼ 3.0% |
| Gross operating margin9900 | €151k | €223k | €277k | €248k | €249k | ▲ 0.2% |
| Operating profit (loss)9901 | €16k | €24k | €66k | €49k | €36k | ▼ 26.6% |
| Financial income75/76B | €19 | - | €169 | €551 | €279 | ▼ 49.3% |
| Recurring financial income75 | €19 | - | €169 | €551 | €279 | ▼ 49.3% |
| Financial charges65/66B | €1k | €2k | €3k | €5k | €7k | ▲ 30.9% |
| Recurring financial charges65 | €1k | €2k | €3k | €5k | €7k | ▲ 30.9% |
| Profit (loss) for the period before taxes9903 | €15k | €22k | €63k | €44k | €29k | ▼ 33.4% |
| Income taxes67/77 | €1k | €7k | €22k | €13k | €9k | ▼ 29.1% |
| Profit (loss) for the period9904 | €14k | €15k | €42k | €31k | €20k | ▼ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €14k | €15k | €42k | €31k | €20k | ▼ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273k | €314k | €349k | €416k | €363k | ▼ 12.6% |
| Fixed assets21/28 | €166k | €144k | €144k | €158k | €179k | ▲ 13.2% |
| Tangible fixed assets22/27 | €165k | €144k | €143k | €158k | €178k | ▲ 13.2% |
| Land and buildings22 | €130k | €120k | €123k | €112k | €103k | ▼ 8.0% |
| Plant, machinery and equipment23 | €1k | €759 | €285 | €3k | €36k | ▲ 1,109% |
| Furniture and vehicles24 | €21k | €14k | €14k | €38k | €36k | ▼ 5.7% |
| Leasing and similar rights25 | €5k | €3k | €235 | - | - | - |
| Other tangible fixed assets26 | €8k | €6k | €5k | €4k | €4k | ▼ 21.1% |
| Financial fixed assets28 | €195 | €445 | €445 | €445 | €445 | = |
| Current assets29/58 | €107k | €170k | €206k | €258k | €185k | ▼ 28.4% |
| Stocks and contracts in progress3 | €45k | €51k | €58k | €69k | €63k | ▼ 8.4% |
| Stocks30/36 | €45k | €51k | €58k | €69k | €63k | ▼ 8.4% |
| Amounts receivable within one year40/41 | €3k | €30k | €10k | €77k | €5k | ▼ 93.2% |
| Trade receivables40 | €2k | €30k | €10k | €70k | €5k | ▼ 93.5% |
| Other amounts receivable41 | €1k | - | - | €7k | €607 | ▼ 91.1% |
| Cash at bank and in hand54/58 | €59k | €88k | €119k | €98k | €104k | ▲ 6.6% |
| Deferred charges and accrued income490/1 | €582 | - | €19k | €15k | €12k | ▼ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273k | €314k | €349k | €416k | €363k | ▼ 12.6% |
| Equity10/15 | €222k | €237k | €278k | €298k | €317k | ▲ 6.4% |
| Contributions10/11 | €90k | €90k | €90k | €90k | €90k | = |
| Reserves13 | €112k | €127k | €169k | €189k | €209k | ▲ 10.6% |
| Non-distributable reserves130/1 | €9k | €9k | €9k | - | - | - |
| Reserves not available under the articles1311 | €9k | €9k | €9k | - | - | - |
| Tax-exempt reserves132 | €55 | €55 | €55 | €55 | €55 | = |
| Distributable reserves133 | €103k | €118k | €160k | €189k | €209k | ▲ 10.6% |
| Profit (loss) carried forward14 | €20k | €20k | €19k | €18k | €18k | ▼ 4.5% |
| Amounts payable17/49 | €51k | €77k | €71k | €118k | €46k | ▼ 60.8% |
| Amounts payable after more than one year17 | €12k | €8k | €4k | - | - | - |
| Financial debts170/4 | €12k | €8k | €4k | - | - | - |
| Amounts payable within one year42/48 | €39k | €69k | €68k | €118k | €46k | ▼ 60.8% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | €4k | - | - |
| Trade debts44 | €9k | €24k | €5k | €74k | €3k | ▼ 95.6% |
| Suppliers440/4 | €9k | €24k | €5k | €74k | €3k | ▼ 95.6% |
| Taxes, remuneration and social security45 | €19k | €33k | €52k | €22k | €21k | ▼ 3.5% |
| Taxes450/3 | €5k | €13k | €33k | €8k | €4k | ▼ 52.4% |
| Remuneration and social security454/9 | €14k | €20k | €19k | €14k | €17k | ▲ 25.9% |
| Other amounts payable47/48 | €7k | €8k | €7k | €18k | €22k | ▲ 20.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €15k | €42k | €31k | €20k | ▼ 35.3% |
| + Depreciation and write-downs630 | €17k | €22k | €16k | €17k | €18k | ▲ 6.2% |
| Operating cash flow (approximation) | €31k | €37k | €58k | €48k | €38k | ▼ 20.5% |
| Investment in fixed assets (approximation) | - | €-250 | €-16k | €-31k | €-39k | ▼ 24.2% |
| Change in cash | - | €29k | €31k | €-21k | €6k | ▲ 130% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €42k ▲170%
Operating result €66k, net result €42k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €835 ▼95.2%
Net result drops to €835, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Equity above €200kEq €210k ▲8.5%
2 profitable years in a row build equity to €210k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mortsel · 1 establishment unit since 2003
Ground area
1,150 m²
Building footprint
258 m²
Volume, LiDAR
1,988 m³
Parcel 11513C0124/00B007, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
NUANCE
since 20032.134.550.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0124/00B007 | Flanders | 1,150 m² | 1 · 258 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400QQHJOMGGYLFN35
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Of 24,863 companies in sector 96220 we hold annual accounts for 1,439. 652 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
Founded20-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
47750Retail sale of cosmetics and toilet articles
Scores and ratios are computed by Checked and are not a credit decision.