NUTMEG
ActiveSummary
NUTMEG has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.0m and a net result of €444,322. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 91% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+6
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.12 in 2024; short-term debt: 9.5% and cash: 0.1% of total assets), and 12.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.2%
Return on assets
3.5%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
42 d early
2022
27 d early
2021
18 d early
2020
24 d early
2019
68 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 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Lievegem, Wholesale and retail trade sector#2 company by total assets in Lievegem, Wholesale and retail trade sector
Turnover
€912,153▼ 3.1%
2024 · €941,210
EBIT margin
10.2%▼ 8.6pp
2024 · 18.8%
Net result
€444,322▲ 288%
2024 · €114,375
Working capital
€572,144▲ 307%
2024 · €140,560
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.4m▼ 44.1%€1.6m▲ 11.3%€857,947▼ 45.8%€941,210▲ 9.7%€912,153▼ 3.1%
Operating result€647,940▲ 48.9%€981,291▲ 51.4%€450,012▼ 54.1%€177,214▼ 60.6%€92,997▼ 47.5%
Net result€1.6m▲ 24.5%€3.5m▲ 117%€1.9m▼ 46.8%€114,375▼ 93.9%€444,322▲ 288%
EBIT margin45.5%▲ 28.4pp62.0%▲ 16.4pp52.5%▼ 9.5pp18.8%▼ 33.6pp10.2%▼ 8.6pp
Equity€5.1m▲ 46.9%€8.6m▲ 69.4%€10.5m▲ 21.8%€10.6m▲ 1.1%€11.0m▲ 4.2%
Total assets€13.2m▲ 14.3%€11.7m▼ 11.6%€12.5m▲ 6.8%€12.2m▼ 2.5%€12.7m▲ 3.9%
Debt€8.2m▲ 0.4%€3.1m▼ 62.0%€2.0m▼ 34.9%€1.6m▼ 21.2%€1.6m▲ 1.8%
Working capital-€3.7m▲ 23.0%-€741,897▲ 80.2%€59,690€140,560▲ 135%€572,144▲ 307%
Staff (FTE)4.3▲ 207%1.1▼ 74.4%0.7▼ 36.4%0.6▼ 14.3%0▼ 100%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.7m
Fixed assets
€10.9m =
Current assets
€1.8m ▲ 36.4%
Equity and liabilities €12.7m
Equity
€11.0m ▲ 4.2%
Debt
€1.6m ▲ 1.8%
Debt's share of the balance-sheet total falls from 13.0% to 12.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.48▲
2024 · 1.12
Debt to equity
0.15▼
2024 · 0.15
ROE
4.0%▲
2024 · 1.1%
ROA
3.5%▲
2024 · 0.9%
Debt ≤ 1 year
€1.2m▲
2024 · €1.2m
Debt > 1 year
€400,000=
2024 · €400,000
Income taxes
€19,957▼
2024 · €38,125
Staff costs
€510▼
2024 · €25,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.4m | €1.6m | €857,947 | €941,210 | €912,153 | ▼ 3.1% |
| Turnover70 | €1.4m | €1.6m | €857,947 | €941,210 | €912,153 | ▼ 3.1% |
| Other operating income74 | €4,700 | €2,413 | €0 | - | - | - |
| Operating charges60/66A | €779,980 | €605,057 | €407,936 | €763,996 | €819,155 | ▲ 7.2% |
| Services and other goods61 | €624,010 | €565,699 | €405,558 | €737,603 | €817,393 | ▲ 10.8% |
| Remuneration, social security and pensions62 | €154,871 | €38,258 | €1,176 | €25,175 | €510 | ▼ 98.0% |
| Other operating charges640/8 | €1,098 | €1,100 | €1,202 | €1,218 | €1,253 | ▲ 2.8% |
| Operating profit (loss)9901 | €647,940 | €981,291 | €450,012 | €177,214 | €92,997 | ▼ 47.5% |
| Financial income75/76B | €1.1m | €2.8m | €1.6m | €1,669 | €384,557 | ▲ 22,940% |
| Recurring financial income75 | €1.1m | €2.8m | €1.6m | €1,669 | €384,557 | ▲ 22,940% |
| Income from financial fixed assets750 | €1.1m | €2.8m | €1.6m | €0 | €384,450 | - |
| Income from current assets751 | - | - | €3,802 | €1,264 | €107 | ▼ 91.5% |
| Other financial income752/9 | €6,983 | €0 | €1,776 | €405 | €0 | ▼ 100% |
| Financial charges65/66B | €3,620 | €42,295 | €59,928 | €26,383 | €13,276 | ▼ 49.7% |
| Recurring financial charges65 | €3,620 | €42,295 | €59,928 | €26,383 | €13,276 | ▼ 49.7% |
| Debt charges650 | €3,149 | €36,797 | €59,484 | €25,968 | €13,223 | ▼ 49.1% |
| Other financial charges652/9 | €471 | €5,498 | €444 | €414 | €53 | ▼ 87.2% |
| Profit (loss) for the period before taxes9903 | €1.8m | €3.8m | €2.0m | €152,501 | €464,279 | ▲ 204% |
| Income taxes67/77 | €163,836 | €235,714 | €99,275 | €38,125 | €19,957 | ▼ 47.7% |
| Taxes670/3 | €163,836 | €235,714 | €99,275 | €38,125 | €19,957 | ▼ 47.7% |
| Profit (loss) for the period9904 | €1.6m | €3.5m | €1.9m | €114,375 | €444,322 | ▲ 288% |
| Transfer from tax-exempt reserves789 | - | €195,800 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €3.7m | €1.9m | €114,375 | €444,322 | ▲ 288% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.2m | €11.7m | €12.5m | €12.2m | €12.7m | ▲ 3.9% |
| Fixed assets21/28 | €10.9m | €10.9m | €10.9m | €10.9m | €10.9m | = |
| Financial fixed assets28 | €10.9m | €10.9m | €10.9m | €10.9m | €10.9m | = |
| Affiliated companies280/1 | €10.9m | €10.9m | €10.9m | €10.9m | €10.9m | = |
| Participating interests280 | €10.9m | €10.9m | €10.9m | €10.9m | €10.9m | = |
| Other financial fixed assets284/8 | €24 | €24 | €24 | €24 | €24 | = |
| Amounts receivable and cash guarantees285/8 | €24 | €24 | €24 | €24 | €24 | = |
| Current assets29/58 | €2.3m | €815,426 | €1.6m | €1.3m | €1.8m | ▲ 36.4% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €545,996 | €420,410 | €1.5m | €1.3m | €1.8m | ▲ 36.7% |
| Trade receivables40 | €487,008 | €337,978 | €298,969 | €68,502 | €159,251 | ▲ 132% |
| Other amounts receivable41 | €58,988 | €82,433 | €1.2m | €1.2m | €1.6m | ▲ 31.3% |
| Current investments50/53 | - | - | €103,241 | €0 | - | - |
| Other investments51/53 | - | - | €103,241 | €0 | - | - |
| Cash at bank and in hand54/58 | €1.8m | €395,015 | €11,869 | €9,496 | €9,156 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | €29 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.2m | €11.7m | €12.5m | €12.2m | €12.7m | ▲ 3.9% |
| Equity10/15 | €5.1m | €8.6m | €10.5m | €10.6m | €11.0m | ▲ 4.2% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | €4.6m | €8.1m | €10.0m | €10.1m | €10.5m | ▲ 4.4% |
| Non-distributable reserves130/1 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Legal reserve130 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tax-exempt reserves132 | €195,800 | €0 | - | - | - | - |
| Distributable reserves133 | €4.3m | €8.1m | €9.9m | €10.1m | €10.5m | ▲ 4.4% |
| Amounts payable17/49 | €8.2m | €3.1m | €2.0m | €1.6m | €1.6m | ▲ 1.8% |
| Amounts payable after more than one year17 | €2.0m | €1.5m | €400,000 | €400,000 | €400,000 | = |
| Financial debts170/4 | €2.0m | €1.5m | €400,000 | €400,000 | €400,000 | = |
| Other loans174 | €2.0m | €1.5m | €400,000 | €400,000 | €400,000 | = |
| Amounts payable within one year42/48 | €6.1m | €1.6m | €1.6m | €1.2m | €1.2m | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | €2.8m | €500,000 | €500,000 | €130,000 | €90,000 | ▼ 30.8% |
| Trade debts44 | €5,331 | €10,141 | €1,542 | €27,040 | €110,619 | ▲ 309% |
| Suppliers440/4 | €5,331 | €10,141 | €1,542 | €27,040 | €110,619 | ▲ 309% |
| Taxes, remuneration and social security45 | €56,090 | €47,181 | €52,158 | €1,934 | €0 | ▼ 100% |
| Taxes450/3 | €33,219 | €46,760 | €52,154 | €1,925 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €22,871 | €421 | €4 | €10 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3.3m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Accrued charges and deferred income492/3 | €67,619 | €39,948 | €63,095 | €29,590 | €16,852 | ▼ 43.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €3.5m | €1.9m | €114,375 | €444,322 | ▲ 288% |
| Operating cash flow (approximation) | €1.6m | €3.5m | €1.9m | €114,375 | €444,322 | ▲ 288% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1.4m | -€383,147 | -€2,372 | -€340 | ▲ 85.7% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €114,375 ▼93.9%
Net result drops to €114,375, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10mEq €10.5m ▲21.8%
6 profitable years in a row build equity to €10.5m.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €3.5m ▲117%
Net result €3.5m, the highest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5mEq €5.1m ▲46.9%
4 profitable years in a row build equity to €5.1m.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Equity above €2mEq €2.2m ▲17.6%
2 profitable years in a row build equity to €2.2m.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Lievegem · 1 establishment unit since 2016
Ground area
1,991 m²
Building footprint
245 m²
Volume, LiDAR
2,052 m³
Parcel 44072E0671/00E000, Flanders · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NUTMEG
since 20162.250.037.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072E0671/00E000 | Flanders | 1,991 m² | 1 · 245 m² | 15.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdings · 3 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
66.66%
-
66.57%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2025 annual accounts of NUTMEG and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500PA4N7UK2FBM649
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Of 958 companies in sector 46319 we hold annual accounts for 610. 179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
46370Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646939520
Also
9925:BE0646939520
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.