NUGRO

Active

Private limited companyfounded 20206 yrs activeVijverstraat 6, 8780 Oostrozebeke, BelgiumKBO/BCE: BE 0750.802.368

The computed 12-month bankruptcy probability of NUGRO is 2.5% (moderate). The 2024 annual accounts show equity of €13k and a net result of €47k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 36376 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+78

Solvency34▲+23

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity ample (current ratio 1.7 against 1.26 in 2023; short-term debt: 46.2% and cash: 20.9% of total assets), but 91% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

32.3%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36376 sector peers (2024).

NBB · sector comparison

Position among 36376 sector peers

Solvency

better than 14%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

132 d late

2023

100 d late

2022

9 d late

2021

240 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€13k

2023 · €-34k

2021: €2k 2022: €-19k 2023: €-34k

2021 → 2024

Total assets

€147k▼ 39.5%

2023 · €243k

2021: €434k 2022: €308k 2023: €243k

2021 → 2024

Net result

€47k

2023 · €-15k

2021: €-18k 2022: €-21k 2023: €-15k

2021 → 2024

Working capital

€48k▲ 17.6%

2023 · €41k

2021: €-72k 2022: €-104k 2023: €41k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€2k-€-19k€-34k▼ 80.9%€13k

Operating result€-5k-€-12k▼ 150%€4k€53k▲ 1,153%

Net result€-18k-€-21k▼ 12.0%€-15k▲ 25.5%€47k

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

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,153% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €147k

21.3%

78.7%

Fixed assets €31k▼ 29.8%

Current assets €116k▼ 41.7%

Equity and liabilities €147k

91.0%

Equity €13k

Debt €134k

Debt finances 91.0% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€76k▲

2023 · €27k

Cash flow

€70k▲

2023 · €8k

Solvency

9.0%▲

2023 · -14.1%

Current ratio

1.70▲

2023 · 1.26

Quick ratio

1.70▲

2023 · 1.26

Debt / equity

10.15▲

2023 · -8.09

ROE

359.7%

ROA

32.3%▲

2023 · -6.3%

Interest coverage

13.45▲

2023 · 1.38

Debt

€134k▼

2023 · €277k

Debt ≤ 1 year

€68k▼

2023 · €158k

Debt > 1 year

€66k▼

2023 · €110k

Income taxes

€288

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€243k€147k▼

Fixed assets21/28€45k€31k▼

Tangible fixed assets22/27€45k€31k▼

Plant, machinery and equipment23€29k€14k▼

Furniture and vehicles24€16k€17k▲

Current assets29/58€198k€116k▼

Amounts receivable within one year40/41€23k€8k▼

Trade receivables40€20k€543▼

Other amounts receivable41€3k€8k▲

Cash at bank and in hand54/58€172k€31k▼

Deferred charges and accrued income490/1€3k€77k▲

Equity and liabilities

Total equity and liabilities10/49€243k€147k▼

Equity10/15€-34k€13k▲

Contributions10/11€20k€20k=

Outside capital11-€20k

Other1109/19-€20k

Profit (loss) carried forward14€-54k€-7k▲

Amounts payable17/49€277k€134k▼

Amounts payable after more than one year17€110k€66k▼

Financial debts170/4€110k€66k▼

Amounts payable within one year42/48€158k€68k▼

Current portion of amounts payable after more than one year42€48k€35k▼

Trade debts44€72k€11k▼

Suppliers440/4€72k€11k▼

Taxes, remuneration and social security45€28k€288▼

Taxes450/3€28k€288▼

Other amounts payable47/48€10k€22k▲

Accrued charges and deferred income492/3€10k-

Income statement Code20232024

Non-recurring operating income76A€5k-

Remuneration, social security and pensions62€601-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▼

Other operating charges640/8€1k€1k▼

Non-recurring operating charges66A€36k-

Gross operating margin9900€65k€77k▲

Operating profit (loss)9901€4k€53k▲

Financial income75/76B€18-

Recurring financial income75€18-

Financial charges65/66B€20k€6k▼

Recurring financial charges65€20k€6k▼

Profit (loss) for the period before taxes9903€-15k€48k▲

Income taxes67/77-€288

Profit (loss) for the period9904€-15k€47k▲

Profit (loss) for the period to be appropriated9905€-15k€47k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-54k€-7k▲

Profit (loss) brought forward from the previous period14P€-39k€-54k▼

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

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

10-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 132 days late

2024

31-12

Financial Back to profitnet €47k

Net result €47k after 3 loss-making years.

08-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 100 days late

2023

31-12

Financial Liquidity triplescurrent ratio 1.26

Current ratio from 0.37 to 1.26; short-term debt falls from €165k to €158k.

09-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 9 days late

28-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 240 days late

2022

31-12

Financial Weakest financial yearnet €-21k

Net result drops to €-21k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Oostrozebeke · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Vijverstraat 68780 Oostrozebeke

Ground area

1,715 m²

Building footprint

152 m²

Volume, LiDAR

757 m³

Parcel 37010C0248/00A000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Vijverstraat 6, 8780 Oostrozebeke

Demolition

since 20202.305.010.010

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37010C0248/00A000	Flanders	1,715 m²	1 · 152 m²	7.5 m · 2 fl.

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

Wezembeek-Oppem · Eq €13k

Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 1,672 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-07-2020

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.