NUANS
ActiveSummary
NUANS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €662k and a net result of €64k. Equity is growing by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.3 against 2.95 in 2024; short-term debt: 19.6% and cash: 6.9% of total assets), and 23.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
76.4%
Return on assets
7.3%
Age of the figures
9 mo
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 09-04-2026, 113 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
113 d early
2024
28 d early
2023
5 d early
2022
25 d early
2021
5 d late
2020
32 d early
2019
31 d early
← 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
Financials · fiscal year 2025, micro schema
Equity
€662k▲ 10.6%
2024 · €598k
Total assets
€867k▼ 5.8%
2024 · €920k
Net result
€64k▼ 73.0%
2024 · €236k
Working capital
€561k▲ 14.4%
2024 · €491k
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€70k▼ 17.4%€128k▲ 83.3%€359k▲ 181%€311k▼ 13.2%€88k▼ 71.7%
Net result€51k▼ 29.9%€102k▲ 101%€284k▲ 178%€236k▼ 16.9%€64k▼ 73.0%
Equity€132k▲ 62.3%€204k▲ 54.5%€363k▲ 77.7%€598k▲ 64.9%€662k▲ 10.6%
Total assets€456k▲ 5.1%€574k▲ 25.9%€1.14M▲ 98.0%€920k▼ 19.1%€867k▼ 5.8%
Debt€324k▼ 8.2%€370k▲ 14.2%€774k▲ 109%€321k▼ 58.5%€205k▼ 36.3%
Working capital€105k▲ 45.7%€108k▲ 3.2%€343k▲ 216%€491k▲ 43.1%€561k▲ 14.4%
Staff (FTE)2.7▲ 35.0%2▼ 25.9%2.1▲ 5.0%3▲ 42.9%1.8▼ 40.0%
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 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €867k
Fixed assets
€136k ▼ 23.2%
Current assets
€731k ▼ 1.6%
Equity and liabilities €867k
Equity
€662k ▲ 10.6%
Debt
€205k ▼ 36.3%
Debt's share of the balance-sheet total falls from 34.9% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▼
2024 · €362k
Cash flow
€112k▼
2024 · €286k
Current ratio
4.30▲
2024 · 2.95
Quick ratio
1.14▼
2024 · 1.15
Debt to equity
0.31▼
2024 · 0.54
ROE
9.6%▼
2024 · 39.4%
ROA
7.3%▼
2024 · 25.6%
Interest coverage
29.19▼
2024 · 63.18
Debt ≤ 1 year
€170k▼
2024 · €252k
Debt > 1 year
€35k▼
2024 · €69k
Income taxes
€23k▼
2024 · €73k
Staff costs
€99k▼
2024 · €114k
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 | €125k | €116k | €105k | €114k | €99k | ▼ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €27k | €43k | €50k | €49k | ▼ 3.1% |
| Other operating charges640/8 | €2k | €4k | €8k | €3k | €4k | ▲ 15.8% |
| Gross operating margin9900 | €239k | €275k | €514k | €479k | €240k | ▼ 49.9% |
| Operating profit (loss)9901 | €70k | €128k | €359k | €311k | €88k | ▼ 71.7% |
| Financial income75/76B | €3k | €3k | €6k | €3k | €3k | ▼ 13.9% |
| Recurring financial income75 | €3k | €3k | €6k | €3k | €3k | ▼ 13.9% |
| Financial charges65/66B | €4k | €4k | €9k | €6k | €5k | ▼ 18.2% |
| Recurring financial charges65 | €4k | €4k | €9k | €6k | €5k | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €69k | €126k | €356k | €309k | €86k | ▼ 72.1% |
| Income taxes67/77 | €18k | €24k | €72k | €73k | €23k | ▼ 69.3% |
| Profit (loss) for the period9904 | €51k | €102k | €284k | €236k | €64k | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €51k | €102k | €284k | €236k | €64k | ▼ 73.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €456k | €574k | €1.14M | €920k | €867k | ▼ 5.8% |
| Fixed assets21/28 | €109k | €145k | €115k | €177k | €136k | ▼ 23.2% |
| Tangible fixed assets22/27 | €105k | €141k | €111k | €173k | €132k | ▼ 23.7% |
| Plant, machinery and equipment23 | €32k | €26k | €16k | €11k | €3k | ▼ 69.3% |
| Furniture and vehicles24 | €29k | €111k | €74k | €89k | €70k | ▼ 21.3% |
| Other tangible fixed assets26 | €44k | €4k | €21k | €73k | €59k | ▼ 19.8% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €347k | €429k | €1.02M | €743k | €731k | ▼ 1.6% |
| Stocks and contracts in progress3 | €233k | €336k | €598k | €453k | €538k | ▲ 18.6% |
| Stocks30/36 | €233k | €336k | €448k | €453k | €538k | ▲ 18.6% |
| Contracts in progress37 | - | - | €150k | €0 | - | - |
| Amounts receivable within one year40/41 | €72k | €87k | €217k | €145k | €106k | ▼ 27.0% |
| Trade receivables40 | €72k | €72k | €169k | €131k | €101k | ▼ 23.2% |
| Other amounts receivable41 | €5 | €16k | €48k | €14k | €5k | ▼ 63.4% |
| Cash at bank and in hand54/58 | €39k | €3k | €124k | €103k | €60k | ▼ 42.4% |
| Deferred charges and accrued income490/1 | €3k | €2k | €82k | €41k | €28k | ▼ 32.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €456k | €574k | €1.14M | €920k | €867k | ▼ 5.8% |
| Equity10/15 | €132k | €204k | €363k | €598k | €662k | ▲ 10.6% |
| Contributions10/11 | €21k | €21k | €21k | €21k | €21k | = |
| Reserves13 | €104k | €176k | €334k | €570k | €634k | ▲ 11.2% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €102k | €174k | €334k | €570k | €634k | ▲ 11.2% |
| Profit (loss) carried forward14 | €8k | €8k | €8k | €8k | €8k | = |
| Amounts payable17/49 | €324k | €370k | €774k | €321k | €205k | ▼ 36.3% |
| Amounts payable after more than one year17 | €82k | €49k | €71k | €69k | €35k | ▼ 49.1% |
| Financial debts170/4 | €82k | €49k | €71k | €69k | €35k | ▼ 49.1% |
| Amounts payable within one year42/48 | €241k | €320k | €678k | €252k | €170k | ▼ 32.6% |
| Current portion of amounts payable after more than one year42 | €40k | €33k | €34k | €38k | €34k | ▼ 12.4% |
| Financial debts43 | €125k | €125k | €80k | €0 | - | - |
| Credit institutions430/8 | €125k | €125k | €80k | €0 | - | - |
| Trade debts44 | €31k | €23k | €235k | €94k | €54k | ▼ 42.6% |
| Suppliers440/4 | €31k | €23k | €235k | €94k | €54k | ▼ 42.6% |
| Taxes, remuneration and social security45 | €32k | €16k | €54k | €62k | €24k | ▼ 60.7% |
| Taxes450/3 | €14k | €7k | €44k | €48k | €15k | ▼ 69.3% |
| Remuneration and social security454/9 | €18k | €9k | €10k | €14k | €10k | ▼ 30.4% |
| Other amounts payable47/48 | €13k | €123k | €275k | €58k | €58k | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €24k | €632 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €102k | €284k | €236k | €64k | ▼ 73.0% |
| + Depreciation and write-downs630 | €42k | €27k | €43k | €50k | €49k | ▼ 3.1% |
| Operating cash flow (approximation) | €93k | €129k | €326k | €286k | €112k | ▼ 60.7% |
| Investment in fixed assets (approximation) | - | €-63k | €-12k | €-113k | €-8k | ▲ 93.1% |
| Change in cash | - | €-36k | €121k | €-21k | €-44k | ▼ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €598k ▲64.9%
7 profitable years in a row build equity to €598k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €284k ▲178%
Operating result €359k, net result €284k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €204k ▲54.5%
5 profitable years in a row build equity to €204k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Equity above €100kEq €132k ▲62.3%
4 profitable years in a row build equity to €132k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €8k ▼78.8%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Menen · 1 establishment unit since 2017
Ground area
352 m²
Building footprint
278 m²
Volume, LiDAR
2,253 m³
Parcel 34032A0359/00R003, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NUANS
since 20172.268.908.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032A0359/00R003 | Flanders | 352 m² | 1 · 278 m² | 12.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 321 EUR awarded · 321 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 135 EUR |
| 2023 | 1 | 186 EUR | 186 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,048 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
Founded04-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.