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NUDO

Active
Private limited companyfounded 1992active for 34 yearsIndustriepark "De Bruwaan" 59, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0447.541.568
Summary

NUDO has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61,721 and a net result of €19,224. Equity is growing by about 63% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.5% (low).

Financials · financial year 2024, abbreviated format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 29 October 2026.

Turnover
€30,000=
2023 · €30,000
EBIT margin
81.1%▲ 4.5pp
2023 · 76.6%
Net result
€19,224▲ 22.0%
2023 · €15,752
Working capital
-€137,392▲ 12.3%
2023 · -€156,616
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 6% above 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€30,000 2024 Operating result€24,328 2024 Net result€19,224 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€30,000-€31,415€33,087▲ 5.3%€30,150▼ 8.9%€30,000▼ 0.5%€30,000=
Operating result€24,140-€25,947▲ 7.5%€25,303▼ 2.5%€25,168▼ 0.5%€19,913▼ 20.9%€22,972▲ 15.4%€24,328▲ 5.9%
Net result€24,101-€25,908▲ 7.5%€25,261▼ 2.5%€11,337▼ 55.1%€12,275▲ 8.3%€15,752▲ 28.3%€19,224▲ 22.0%
EBIT margin80.5%-80.5%76.1%▼ 4.5pp66.0%▼ 10.0pp76.6%▲ 10.5pp81.1%▲ 4.5pp
Equity-€48,036--€22,128▲ 53.9%€3,133€14,470▲ 362%€26,745▲ 84.8%€42,497▲ 58.9%€61,721▲ 45.2%
Total assets€295,199-€321,107▲ 8.8%€345,368▲ 7.6%€363,608▲ 5.3%€376,349▲ 3.5%€397,969▲ 5.7%€417,693▲ 5.0%
Debt€343,235-€343,235=€342,235▼ 0.3%€349,138▲ 2.0%€349,604▲ 0.1%€355,472▲ 1.7%€355,972▲ 0.1%
Working capital-€246,267--€220,241▲ 10.6%-€195,980▲ 11.0%-€184,643▲ 5.8%-€172,368▲ 6.6%-€156,616▲ 9.1%-€137,392▲ 12.3%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €417,693
Fixed assets €199,113 =
Current assets €218,580 ▲ 9.9%
Equity and liabilities €417,693
Equity €61,721 ▲ 45.2%
Debt €355,972 ▲ 0.1%
Debt's share of the balance-sheet total falls from 89.3% to 85.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.61▲
2023 · 0.56
Debt to equity
5.77▼
2023 · 8.36
ROE
31.1%▼
2023 · 37.1%
ROA
4.6%▲
2023 · 4.0%
Debt ≤ 1 year
€355,972▲
2023 · €355,472
Income taxes
€5,573▼
2023 · €6,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.3% stopped otherwise
96.5% still going

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 3,984 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 · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€397,969€417,693▲
Fixed assets21/28€199,113€199,113=
Tangible fixed assets22/27€198,606€198,606=
Land and buildings22€198,606€198,606=
Financial fixed assets28€507€507=
Current assets29/58€198,856€218,580▲
Amounts receivable within one year40/41€50,956€52,306▲
Trade receivables40€28,050€29,400▲
Other amounts receivable41€22,906€22,906=
Cash at bank and in hand54/58€147,900€166,274▲
Equity and liabilities
Total equity and liabilities10/49€397,969€417,693▲
Equity10/15€42,497€61,721▲
Contributions10/11€49,579€49,579=
Reserves13€111,059€116,059▲
Distributable reserves133€111,059€116,059▲
Profit (loss) carried forward14-€118,141-€103,917▲
Amounts payable17/49€355,472€355,972▲
Amounts payable within one year42/48€355,472€355,972▲
Current portion of amounts payable after more than one year42€7,500-
Taxes, remuneration and social security45€639€1,139▲
Taxes450/3€639€1,139▲
Other amounts payable47/48€347,333€354,833▲
Income statement Code20232024
Turnover70€30,000€30,000=
Goods, raw materials, services and sundry goods60/61€6,897€5,261▼
Other operating charges640/8€132€410▲
Gross operating margin9900€23,104€24,738▲
Operating profit (loss)9901€22,972€24,328▲
Financial income75/76B-€667
Recurring financial income75-€667
Financial charges65/66B€224€198▼
Recurring financial charges65€224€198▼
Profit (loss) for the period before taxes9903€22,748€24,797▲
Income taxes67/77€6,996€5,573▼
Profit (loss) for the period9904€15,752€19,224▲
Profit (loss) for the period to be appropriated9905€15,752€19,224▲
Appropriation of the result
Profit (loss) to be appropriated9906-€111,750-€98,917▲
Profit (loss) brought forward from the previous period14P-€127,502-€118,141▲
Transfer to equity691/2€6,391€5,000▼
To other reserves6921€6,391€5,000▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Turnover70€30,000-€31,415€33,087€30,150€30,000€30,000=
Goods, raw materials, services and sundry goods60/61---€7,528€4,575€6,897€5,261▼ 23.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118€118------
Other operating charges640/8---€391€5,662€132€410▲ 211%
Gross operating margin9900€24,388€26,198€25,692€25,559€25,575€23,104€24,738▲ 7.1%
Operating profit (loss)9901€24,140€25,947€25,303€25,168€19,913€22,972€24,328▲ 5.9%
Financial income75/76B------€667-
Recurring financial income75------€667-
Financial charges65/66B---€84€138€224€198▼ 11.6%
Recurring financial charges65€39€39€42€84€138€224€198▼ 11.6%
Profit (loss) for the period before taxes9903€24,101€25,908€25,261€25,084€19,775€22,748€24,797▲ 9.0%
Income taxes67/77---€13,747€7,500€6,996€5,573▼ 20.3%
Profit (loss) for the period9904€24,101€25,908€25,261€11,337€12,275€15,752€19,224▲ 22.0%
Profit (loss) for the period to be appropriated9905€24,101€25,908€25,261€11,337€12,275€15,752€19,224▲ 22.0%
Line2018201920202021202220232024Change
Assets
Total assets20/58€295,199€321,107€345,368€363,608€376,349€397,969€417,693▲ 5.0%
Fixed assets21/28€199,231€199,113€199,113€199,113€199,113€199,113€199,113=
Tangible fixed assets22/27€198,724€198,606€198,606€198,606€198,606€198,606€198,606=
Land and buildings22---€198,606€198,606€198,606€198,606=
Financial fixed assets28€507€507€507€507€507€507€507=
Current assets29/58€95,968€121,994€146,255€164,495€177,236€198,856€218,580▲ 9.9%
Amounts receivable within one year40/41€41,906€46,406€45,906€46,906€49,606€50,956€52,306▲ 2.6%
Trade receivables40---€24,000€26,700€28,050€29,400▲ 4.8%
Other amounts receivable41---€22,906€22,906€22,906€22,906=
Cash at bank and in hand54/58€54,062€75,588€100,349€117,589€127,630€147,900€166,274▲ 12.4%
Equity and liabilities
Total equity and liabilities10/49€295,199€321,107€345,368€363,608€376,349€397,969€417,693▲ 5.0%
Equity10/15-€48,036-€22,128€3,133€14,470€26,745€42,497€61,721▲ 45.2%
Contributions10/11€49,579€49,579€49,579€49,579€49,579€49,579€49,579=
Reserves13€104,668€104,668€104,668€104,668€104,668€111,059€116,059▲ 4.5%
Distributable reserves133---€104,668€104,668€111,059€116,059▲ 4.5%
Profit (loss) carried forward14-€202,283-€176,375-€151,114-€139,777-€127,502-€118,141-€103,917▲ 12.0%
Amounts payable17/49€343,235€343,235€342,235€349,138€349,604€355,472€355,972▲ 0.1%
Amounts payable within one year42/48€342,235€342,235€342,235€349,138€349,604€355,472€355,972▲ 0.1%
Current portion of amounts payable after more than one year42---€6,267€7,500€7,500--
Taxes, remuneration and social security45---€636-€639€1,139▲ 78.2%
Taxes450/3-----€639€1,139▲ 78.2%
Remuneration and social security454/9---€636----
Other amounts payable47/48---€342,235€342,104€347,333€354,833▲ 2.2%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€24,101€25,908€25,261€11,337€12,275€15,752€19,224▲ 22.0%
+ Depreciation and write-downs630€118€118------
Operating cash flow (approximation)€24,219€26,026€25,261€11,337€12,275€15,752€19,224▲ 22.0%
Investment in fixed assets (approximation)-€0€0€0€0€0€0-
Change in cash-€21,526€24,761€17,240€10,041€20,270€18,374▼ 9.4%

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

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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 abbreviated format 24-12-2025 2025-00589729
31-12-2023 abbreviated format 11-12-2024 2024-00613869
31-12-2022 abbreviated format 18-10-2023 2023-00487898
31-12-2021 abbreviated format 29-12-2022 2022-20548750
31-12-2020 micro format 30-12-2021 2021-82200155
31-12-2019 micro format 28-12-2020 2020-77200067
31-12-2018 micro format 31-12-2019 2019-77800163
31-12-2017 micro format 30-12-2018 2018-76000406
31-12-2016 micro format 29-12-2017 2017-73300500
31-12-2015 abbreviated format 30-11-2016 2016-68700453

Show all 31 filings

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