Nussbaumer et Cie
ActiveNussbaumer et Cie has been active since 1966 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.57M and a net result of €1.79M. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 68% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-3
Solvency83▲+3
Growth73▼-5
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.86 in 2023; short-term debt: 41.4% and cash: 7.1% of total assets), and 41.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
58.1%
Return on assets
22.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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
not confirmed
2024
46 d late
2023
5 d early
2022
30 d late
2021
23 d early
2020
22 d early
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€17.55M▼ 9.2%
2023 · €19.33M
2018: €10.35M
2019: €11.79M
2020: €11.05M
2021: €12.48M
2022: €15.79M
2023: €19.33M
2018 → 2024
EBIT margin
12.8%▼ 1.2pp
2023 · 14.0%
2018: 7.2%
2019: 7.9%
2020: 8.3%
2021: 6.7%
2022: 12.6%
2023: 14.0%
2018 → 2024
Net result
€1.79M▼ 16.1%
2023 · €2.13M
2018: €581k
2019: €726k
2020: €736k
2021: €698k
2022: €1.57M
2023: €2.13M
2018 → 2024
Working capital
€2.99M▼ 2.1%
2023 · €3.05M
2018: €3.06M
2019: €2.93M
2020: €3.03M
2021: €3.02M
2022: €2.80M
2023: €3.05M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€11.05M-€12.48M▲ 12.9%€15.79M▲ 26.5%€19.33M▲ 22.4%€17.55M▼ 9.2%
Equity€4.35M-€4.35M▼ 0.1%€4.34M▼ 0.1%€4.47M▲ 3.0%€4.57M▲ 2.1%
Operating result€917k-€832k▼ 9.2%€1.99M▲ 139%€2.70M▲ 35.4%€2.24M▼ 17.0%
Net result€736k-€698k▼ 5.1%€1.57M▲ 125%€2.13M▲ 35.3%€1.79M▼ 16.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.86M
Fixed assets
€1.63M▲ 10.9%
Current assets
€6.24M▼ 5.4%
Equity and liabilities €7.86M
Equity
€4.57M▲ 2.1%
Provisions
€34k▼ 7.3%
Debt
€3.26M▼ 8.2%
The debt ratio falls from 44.1% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.51M▼
2023 · €2.97M
Cash flow
€2.06M▼
2023 · €2.40M
Solvency
58.1%▲
2023 · 55.5%
Current ratio
1.92▲
2023 · 1.86
Quick ratio
1.23▼
2023 · 1.36
Debt / equity
0.71▼
2023 · 0.79
ROE
39.1%▼
2023 · 47.6%
ROA
22.7%▼
2023 · 26.4%
Interest coverage
35622.17▼
2023 · 60099.11
Debt
€3.26M▼
2023 · €3.55M
Debt ≤ 1 year
€3.25M▼
2023 · €3.55M
Income taxes
€624k▼
2023 · €744k
Staff costs
€2.35M▼
2023 · €2.39M
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€8.06M€7.86M▼
Fixed assets21/28€1.47M€1.63M▲
Intangible fixed assets21€95k€201k▲
Tangible fixed assets22/27€1.28M€1.30M▲
Land and buildings22€866k€844k▼
Plant, machinery and equipment23€38k€33k▼
Furniture and vehicles24€358k€412k▲
Other tangible fixed assets26€16k€12k▼
Financial fixed assets28€94k€125k▲
Other financial fixed assets284/8€94k€125k▲
Amounts receivable and cash guarantees285/8€94k€125k▲
Current assets29/58€6.60M€6.24M▼
Stocks and contracts in progress3€1.77M€2.25M▲
Stocks30/36€1.77M€2.25M▲
Goods purchased for resale34€1.77M€2.25M▲
Amounts receivable within one year40/41€3.53M€3.26M▼
Trade receivables40€3.50M€3.25M▼
Other amounts receivable41€32k€8k▼
Cash at bank and in hand54/58€1.17M€555k▼
Deferred charges and accrued income490/1€127k€174k▲
Equity and liabilities
Total equity and liabilities10/49€8.06M€7.86M▼
Equity10/15€4.47M€4.57M▲
Contributions10/11€372k€372k=
Capital10€372k€372k=
Issued capital100€372k€372k=
Reserves13€180k€174k▼
Non-distributable reserves130/1€37k€37k=
Legal reserve130€37k€37k=
Tax-exempt reserves132€142k€137k▼
Profit (loss) carried forward14€3.92M€4.02M▲
Provisions and deferred taxes16€36k€34k▼
Deferred taxes168€36k€34k▼
Amounts payable17/49€3.55M€3.26M▼
Amounts payable within one year42/48€3.55M€3.25M▼
Trade debts44€699k€929k▲
Suppliers440/4€699k€929k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€849k€631k▼
Taxes450/3€384k€264k▼
Remuneration and social security454/9€466k€366k▼
Other amounts payable47/48€2.00M€1.69M▼
Accrued charges and deferred income492/3€5k€10k▲
Income statement
Code20232024
Operating income70/76A€19.56M€17.87M▼
Turnover70€19.33M€17.55M▼
Other operating income74€217k€306k▲
Non-recurring operating income76A€18k€5k▼
Operating charges60/66A€16.86M€15.63M▼
Goods for resale, raw materials and consumables60€13.19M€11.84M▼
Purchases600/8€13.39M€12.32M▼
Change in stocks: decrease (increase)609€-200k€-478k▼
Services and other goods61€980k€1.14M▲
Remuneration, social security and pensions62€2.39M€2.35M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267k€273k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€22k€22k▲
Non-recurring operating charges66A€6k€847▼
Operating profit (loss)9901€2.70M€2.24M▼
Financial income75/76B€215k€214k▼
Recurring financial income75€215k€214k▼
Income from current assets751€464€1k▲
Other financial income752/9€215k€213k▼
Financial charges65/66B€44k€45k▲
Recurring financial charges65€44k€45k▲
Debt charges650€49€71▲
Other financial charges652/9€43k€45k▲
Profit (loss) for the period before taxes9903€2.87M€2.41M▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€744k€624k▼
Taxes670/3€744k€624k▼
Tax adjustments and reversals of tax provisions77-€139
Profit (loss) for the period9904€2.13M€1.79M▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€2.13M€1.79M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.92M€5.71M▼
Profit (loss) brought forward from the previous period14P€3.79M€3.92M▲
Profit to be distributed694/7€2.00M€1.69M▼
Return on contributions (dividend)694€2.00M€1.69M▼
Social balance
Average headcount (FTE)908723.124.4▲
The notes to these accounts (64 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 46 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.13M ▲35.3%
Operating result €2.70M, net result €2.13M, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-06-2015
Resigned as Director
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2004
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.
Zinkstraat 101500 HalleGround area
5,455 m²
Building footprint
1,702 m²
Volume, LiDAR
11,585 m³
Parcel 23027D0401/00E000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nussbaumer & Cie
since 20042.138.823.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027D0401/00E000 | Flanders | 5,455 m² | 1 · 1,702 m² | 7.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,669 EUR awarded · 5,819 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 753 EUR | 753 EUR |
| 2024 | 1 | 867 EUR | 3,387 EUR |
| 2023 | 1 | 3,180 EUR | 810 EUR |
| 2022 | 1 | 869 EUR | 869 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesNussbaumer et Cie NV42910
Similar companies · same sector, comparable size
Inelmatec
BE 0417.724.758
Halle · Eq €4.54M
MAUWS
BE 0427.065.561
Waregem · Eq €4.49M
ATS Brussels
BE 0451.575.679
Merelbeke-Melle · Eq €4.49M
PLAY AV
BE 0451.840.945
Nazareth-De Pinte · Eq €4.66M
G. SMET
BE 0459.602.727
Beveren-Kruibeke-Zwijndrecht · Eq €4.68M
Of 977 companies in sector 46431 we hold annual accounts for 705. 288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1966
Fiscal year end31-12
Abbreviation NL
N.B.R.
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.