NUMACO
ActiveSummary
NUMACO has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836,395 and a net result of €209,387. Equity shrank by about 0.3% per year on average since 2018. In 2025 it rose by 28.2%. Its solvency ranks better than 80% of 11,271 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-03-1992 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
- Establishment unit
- 2.057.136.408 3500 Hasselt, since 22-04-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Board and ownership
- BROUX,Christophe Georges GhislaineChair
- BROUX,Alex Numa MaggieManaging director
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €364,563
- ▼ 0.9%
- Turnover
- ≈ €400,000
- estimated
- Profit
- €209,387
- ▲ 10.0%
- Equity
- €836,395
- ▲ 28.2%
- Total assets
- €1.2m
- ▲ 10.7%
Score breakdownlowers riskSize: total assets €1.2mLiquidity: current ratio 2.36, cash €331,006Equity €836,395 (72.2% of total assets)Figures for financial year 2025 (filed on 02-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 79% of them on solvency, 87% on liquidity, 86% on profitability and 80% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 34 filings
Every figure per financial year
The operating result for 2025 is 0% higher than in 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €700,000 | €700,000 | €700,000 | €700,000 | €700,000 |
| Mortgage mandates | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 |
| Carrying value of the mortgaged assets | €648,364 | €640,210 | €625,110 | €684,709 | €716,912 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,603 | €26,324 | €3,679 | €94,502 | €73,647 |
| Depreciation and write-downs of the year | €31,140 | €31,812 | €18,829 | €37,027 | €32,101 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,500 | €19,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,092 | €43,492 | €30,605 | €31,140 | €31,812 | €18,829 | €37,027 | €32,101 | ▼ 13.3% |
| Other operating charges640/8 | - | - | - | €35,201 | €31,731 | €33,861 | €35,322 | €36,528 | ▲ 3.4% |
| Gross operating margin9900 | €343,897 | €113,435 | €14,938 | €269,709 | €248,993 | €233,181 | €367,775 | €364,563 | ▼ 0.9% |
| Operating profit (loss)9901 | €264,196 | €39,978 | -€48,567 | €203,368 | €185,450 | €180,491 | €295,426 | €295,933 | ▲ 0.2% |
| Financial income75/76B | - | - | - | €0 | €0 | €487 | €1,103 | €2,731 | ▲ 148% |
| Recurring financial income75 | €308 | €3,547 | €7,536 | €0 | €0 | €487 | €1,103 | €2,731 | ▲ 148% |
| Financial charges65/66B | - | - | - | €7,468 | €7,319 | €9,298 | €15,792 | €15,389 | ▼ 2.6% |
| Recurring financial charges65 | €9,204 | €6,914 | €6,287 | €7,468 | €7,319 | €9,298 | €15,792 | €15,389 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €255,300 | €36,610 | -€47,318 | €195,901 | €178,131 | €171,680 | €280,736 | €283,275 | ▲ 0.9% |
| Income taxes67/77 | €94,293 | €14,599 | €1,494 | €47,247 | €55,054 | €54,823 | €90,434 | €73,888 | ▼ 18.3% |
| Profit (loss) for the period9904 | €161,007 | €22,011 | -€48,812 | €148,654 | €123,077 | €116,857 | €190,303 | €209,387 | ▲ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €161,007 | €22,011 | -€48,812 | €148,654 | €123,077 | €116,857 | €190,303 | €209,387 | ▲ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.0m | €0.9m | €1.0m | €0.9m | €0.9m | €1.0m | €1.2m | ▲ 10.7% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 6.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 6.0% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 4.7% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.001m | €0.001m | €55 | ▼ 89.4% |
| Furniture and vehicles24 | - | - | - | - | €0.004m | €0.005m | €0.003m | €0.01m | ▲ 293% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €0.3m | €0.4m | €0.2m | €0.4m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 19.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.1m | €0.1m | €0.2m | - | - | €0.003m | €0.1m | ▲ 31× |
| Trade receivables40 | - | - | - | - | - | - | €0.003m | €0.09m | ▲ 30× |
| Other amounts receivable41 | - | - | - | €0.2m | - | - | - | €0.002m | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €0.9m | €1.0m | €0.9m | €0.9m | €1.0m | €1.2m | ▲ 10.7% |
| Equity10/15 | €0.9m | €0.9m | €0.7m | €0.7m | €0.7m | €0.6m | €0.7m | €0.8m | ▲ 28.2% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.8m | €0.8m | €0.6m | €0.6m | €0.6m | €0.5m | €0.6m | €0.7m | ▲ 33.3% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.7m | ▲ 33.9% |
| Profit (loss) carried forward14 | €0 | - | -€0.05m | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 18.4% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.06m | €0.04m | ▼ 35.1% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.08m | €0.06m | €0.04m | ▼ 35.1% |
| Amounts payable within one year42/48 | €0.02m | €0.02m | €0.02m | €0.2m | €0.07m | €0.1m | €0.2m | €0.2m | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 4.0% |
| Financial debts43 | - | - | - | €0.1m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.1m | - | - | - | - | - |
| Trade debts44 | €0.004m | €0.005m | €0.005m | €0.06m | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 25.6% |
| Suppliers440/4 | - | - | - | €0.06m | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 25.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 32.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 32.2% |
| Other amounts payable47/48 | - | - | - | €100 | €0.04m | €0.1m | €0.2m | €0.1m | ▼ 24.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.06m | €0.09m | €0.1m | €0.1m | ▲ 2.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,007 | €22,011 | -€48,812 | €148,654 | €123,077 | €116,857 | €190,303 | €209,387 | ▲ 10.0% |
| + Depreciation and write-downs630 | €50,092 | €43,492 | €30,605 | €31,140 | €31,812 | €18,829 | €37,027 | €32,101 | ▼ 13.3% |
| Operating cash flow (approximation) | €211,100 | €65,503 | -€18,207 | €179,793 | €154,889 | €135,685 | €227,329 | €241,488 | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | -€2,208 | -€14,629 | -€9,603 | -€26,324 | -€3,679 | -€94,502 | -€73,647 | ▲ 22.1% |
| Change in cash | - | -€77,846 | -€123,048 | €72,162 | €51,859 | €58,144 | €56,465 | -€23,505 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as NUMACO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of NUMACO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for NUMACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00239464 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00158055 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00147136 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151099 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20085252 | |
| 31-12-2020 | micro format | 16-06-2021 | 2021-20400337 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-17200559 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-34500042 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-18000427 | |
| 31-12-2016 | abbreviated format | 06-06-2017 | 2017-14900314 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Owners and capital
Capital transactions
- 28-11-2023 Capital stated in the deed · €100,000 · 129,000 shares
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| BROUX,Alex Numa Maggie |
|
| BROUX,Christophe Georges Ghislaine |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors“Hoogstens zes jaar”
Articles of association, deed of 28-11-2023 (in Dutch)
Network & group
NUMACO shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of NUMACO. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
28-11
Gazette deed
2 directors appointed, 2 directors resigning, 2 directors reappointedChanges of role: BROUX, Alex Numa Maggie (managing director) and BROUX, Christophe Georges Ghislaine (chair of the board) · Reappointments: BROUX, Alex Numa Maggie (director) and BROUX, Christophe Georges Ghislaine (director) · Director discharge: BROUX, Alex Numa Maggie11 points ▸
- Capital, €100,000, 129,000 shares
- Power of attorney, Vincent Tallon
- Director resignation, BROUX, Alex Numa Maggie
- Director resignation, BROUX, Christophe Georges Ghislaine
- Director reappointment, BROUX, Alex Numa Maggie (director (not named in the articles))
- Director reappointment, BROUX, Christophe Georges Ghislaine (director (not named in the articles))
- Director discharge, BROUX, Alex Numa Maggie
- Director discharge, BROUX, Christophe Georges Ghislaine
- Registered office clause, Koning Albertstraat 40, 3500 Hasselt
- Director appointment, BROUX, Christophe Georges Ghislaine (chair of the board)
- Director appointment, BROUX, Alex Numa Maggie (managing director)
- The deed holds 3 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- Onderneming in onroerende goederen,welke onder meer omvat:de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,evenals alle welkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van de onroerende leasing.
- Onderneming voor het beheer van eigen beleggingen en vermogens.
- De participatie,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere;de veerwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of,aankoopoptie,verhandeling,of op iedere andere wijze.
- Het verlenen aan de ondernemingen waarin zij deelneemt en aan derden,al dan niet bezoldigd,van alle bijstand,hetzij technisch,industrieel,commercieel of administratief,hetzij financieel,met inbegrip van de borgstelling,avalgeving,of inpandgeving van onroerende goederen.
- De verhuring van installaties,uitrusting en materieel.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71022H0827/00E000 | Flanders | 872 m² | 1 · 807 m² | 17.6 m · 2 |