NUSA
ActiveSummary
The computed 12-month bankruptcy probability of NUSA is 2.4% (moderate). The 2025 annual accounts show negative equity (-€35,244) and a net result of €7,161. Equity is shrinking by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 3787 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.22 in 2024; short-term debt: 243.6% and cash: 47.5% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-143.6%
Return on assets
29.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 3787 sector peers (2025).
NBB · sector comparisonPosition among 3787 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
146 d late
2023
92 d late
2022
153 d late
2021
135 d late
2020
500 d late
2019
865 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 278 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
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. Usually files around 13 December (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€35,244▲ 16.9%
2024 · -€42,405
Total assets
€24,549▲ 0.8%
2024 · €24,358
Net result
€7,161
2024 · -€14,058
Working capital
-€37,503▲ 28.2%
2024 · -€52,240
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,319▲ 20.9%-€18,275▼ 61.5%-€1,397▲ 92.4%-€13,313▼ 853%€7,450
Net result-€11,542below the sector's middle half▲ 22.0%-€18,535below the sector's middle half▼ 60.6%-€1,985within the sector's middle half▲ 89.3%-€14,058below the sector's middle half▼ 608%€7,161within the sector's middle half
Equity-€7,826below the sector's middle half-€26,362below the sector's middle half▼ 237%-€28,347below the sector's middle half▼ 7.5%-€42,405below the sector's middle half▼ 49.6%-€35,244below the sector's middle half▲ 16.9%
Total assets€51,403within the sector's middle half▼ 5.7%€43,805below the sector's middle half▼ 14.8%€39,507below the sector's middle half▼ 9.8%€24,358below the sector's middle half▼ 38.3%€24,549below the sector's middle half▲ 0.8%
Debt€59,229▲ 16.7%€70,167▲ 18.5%€67,854▼ 3.3%€66,763▼ 1.6%€59,793▼ 10.4%
Working capital-€37,866below the sector's middle half▼ 10.9%-€49,832below the sector's middle half▼ 31.6%-€44,696below the sector's middle half▲ 10.3%-€52,240below the sector's middle half▼ 16.9%-€37,503within the sector's middle half▲ 28.2%
Solvency-15.2%below the sector's middle half▼ 22.0pp-60.2%below the sector's middle half▼ 45.0pp-71.8%below the sector's middle half▼ 11.6pp-174.1%below the sector's middle half▼ 102.3pp-143.6%below the sector's middle half▲ 30.5pp
Current ratio0.36below the sector's middle half▲ 0.030.29below the sector's middle half▼ 0.070.34below the sector's middle half▲ 0.050.22below the sector's middle half▼ 0.120.37below the sector's middle half▲ 0.16
Return on assets (ROA)-22.5%below the sector's middle half▲ 4.7pp-42.3%below the sector's middle half▼ 19.9pp-5.0%within the sector's middle half▲ 37.3pp-57.7%below the sector's middle half▼ 52.7pp29.2%above the sector's middle half▲ 86.9pp
Staff (FTE)7.5▲ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €7,450 after a loss of €13,313 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,549
Fixed assets
€2,259 ▼ 77.0%
Current assets
€22,290 ▲ 53.5%
Equity and liabilities
Equity-€35,244
Debt€59,793
Equity is negative: debt (€59,793) exceeds the balance-sheet total (€24,549).
Key figures and ratios
EBITDA
€14,479▲
2024 · -€6,284
Cash flow
€14,190▲
2024 · -€7,029
Quick ratio
0.26▲
2024 · 0.12
Interest coverage
50.10▲
2024 · -8.43
Debt ≤ 1 year
€59,793▼
2024 · €66,763
Staff costs
€47,905▼
2024 · €52,118
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 3,632 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €38,244 | €68,605 | €59,949 | €52,118 | €47,905 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,124 | €7,029 | €7,029 | €7,029 | €7,029 | = |
| Other operating charges640/8 | €1,565 | €975 | €1,018 | €1,377 | €1,044 | ▼ 24.2% |
| Gross operating margin9900 | €36,615 | €58,334 | €66,599 | €47,211 | €63,428 | ▲ 34.4% |
| Operating profit (loss)9901 | -€11,319 | -€18,275 | -€1,397 | -€13,313 | €7,450 | ▲ 156% |
| Financial charges65/66B | €224 | €260 | €588 | €745 | €289 | ▼ 61.2% |
| Recurring financial charges65 | €224 | €260 | €588 | €745 | €289 | ▼ 61.2% |
| Profit (loss) for the period before taxes9903 | -€11,542 | -€18,535 | -€1,985 | -€14,058 | €7,161 | ▲ 151% |
| Profit (loss) for the period9904 | -€11,542 | -€18,535 | -€1,985 | -€14,058 | €7,161 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | -€11,542 | -€18,535 | -€1,985 | -€14,058 | €7,161 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,403 | €43,805 | €39,507 | €24,358 | €24,549 | ▲ 0.8% |
| Fixed assets21/28 | €30,040 | €23,470 | €16,349 | €9,835 | €2,259 | ▼ 77.0% |
| Tangible fixed assets22/27 | €28,263 | €21,234 | €14,206 | €7,177 | €148 | ▼ 97.9% |
| Land and buildings22 | €28,263 | €21,234 | €14,206 | €7,177 | €148 | ▼ 97.9% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €1,777 | €2,236 | €2,143 | €2,658 | €2,111 | ▼ 20.6% |
| Current assets29/58 | €21,363 | €20,335 | €23,158 | €14,523 | €22,290 | ▲ 53.5% |
| Stocks and contracts in progress3 | €5,363 | €6,343 | €6,343 | €6,343 | €6,998 | ▲ 10.3% |
| Stocks30/36 | €5,363 | €6,343 | €6,343 | €6,343 | €6,998 | ▲ 10.3% |
| Amounts receivable within one year40/41 | - | €1,598 | €2,988 | €1,766 | €3,633 | ▲ 106% |
| Trade receivables40 | - | €1,598 | €2,988 | €1,766 | - | - |
| Other amounts receivable41 | - | - | - | - | €3,633 | - |
| Cash at bank and in hand54/58 | €15,999 | €12,394 | €13,827 | €6,414 | €11,659 | ▲ 81.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,403 | €43,805 | €39,507 | €24,358 | €24,549 | ▲ 0.8% |
| Equity10/15 | -€7,826 | -€26,362 | -€28,347 | -€42,405 | -€35,244 | ▲ 16.9% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Issued capital100 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €14,194 | €14,194 | €14,194 | €14,194 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | €1,900 | - | - | - | - | - |
| Distributable reserves133 | - | €12,294 | €12,294 | €12,294 | €12,294 | = |
| Profit (loss) carried forward14 | -€28,726 | -€59,556 | -€61,541 | -€75,599 | -€68,438 | ▲ 9.5% |
| Amounts payable17/49 | €59,229 | €70,167 | €67,854 | €66,763 | €59,793 | ▼ 10.4% |
| Amounts payable within one year42/48 | €59,229 | €70,167 | €67,854 | €66,763 | €59,793 | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €13,183 | €9,587 | €9,587 | €9,587 | - | - |
| Trade debts44 | €11,077 | €12,392 | €14,619 | €17,552 | €10,834 | ▼ 38.3% |
| Suppliers440/4 | €11,077 | €12,392 | €14,619 | €17,552 | €10,834 | ▼ 38.3% |
| Taxes, remuneration and social security45 | €12,156 | €27,103 | €24,447 | €20,421 | €14,930 | ▼ 26.9% |
| Taxes450/3 | €5,787 | €9,346 | €9,594 | €8,820 | €9,311 | ▲ 5.6% |
| Remuneration and social security454/9 | €6,369 | €17,757 | €14,853 | €11,601 | €5,619 | ▼ 51.6% |
| Other amounts payable47/48 | €22,813 | €21,085 | €19,201 | €19,203 | €34,029 | ▲ 77.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,542 | -€18,535 | -€1,985 | -€14,058 | €7,161 | ▲ 151% |
| + Depreciation and write-downs630 | €8,124 | €7,029 | €7,029 | €7,029 | €7,029 | = |
| Operating cash flow (approximation) | -€3,418 | -€11,506 | €5,044 | -€7,029 | €14,190 | ▲ 302% |
| Investment in fixed assets (approximation) | - | -€459 | €92 | -€515 | €547 | ▲ 206% |
| Change in cash | - | -€3,605 | €1,433 | -€7,413 | €5,245 | ▲ 171% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 52 days late
2025
31-12
Financial
Back to profitnet €7,161
Net result €7,161 after 6 loss-making years.
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 146 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Weakest financial yearnet -€18,535
Net result drops to -€18,535, the lowest in the series; recovery starts the following year.
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 500 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 865 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
302 m²
Building footprint
140 m²
Volume, LiDAR
1,671 m³
Parcel 11303C0205/00L002, Flanders · tallest building 14.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Marie-Josélaan 29, 2600 Antwerpen
since 20162.249.457.714
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0205/00L002 | Flanders | 302 m² | 1 · 140 m² | 14.2 m · 5 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
Food safety, FASFC
1 siteAntwerpen2.249.457.714
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,991 companies in this sector we hold annual accounts for 4,899. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644790078
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.