NUVADA
ActiveSummary
NUVADA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395,147 and a net result of €167,962. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-7
Solvency53▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.63 in 2024; short-term debt: 32.1% and cash: 13.2% of total assets), but 72.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
11.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
26 d late
2023
21 d late
2022
31 d late
2021
31 d late
2020
12 d late
2019
26 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, abbreviated schema
In the rankings
#3 fastest grower in Scherpenheuvel-Zichem#3 employer in Scherpenheuvel-Zichem, Wholesale and retail trade sector
Equity
€395,147▲ 10.6%
2024 · €357,186
Total assets
€1.4m▲ 24.6%
2024 · €1.1m
Net result
€167,962▼ 14.8%
2024 · €197,199
Working capital
€537,378▲ 96.5%
2024 · €273,410
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,956▼ 85.4%€21,334▲ 6.9%€305,210▲ 1,331%€274,377▼ 10.1%€247,513▼ 9.8%
Net result€31,642within the sector's middle half▼ 72.3%€11,566within the sector's middle half▼ 63.4%€267,378above the sector's middle half▲ 2,212%€197,199above the sector's middle half▼ 26.2%€167,962above the sector's middle half▼ 14.8%
Equity€426,043within the sector's middle half▲ 8.0%€437,609within the sector's middle half▲ 2.7%€299,987within the sector's middle half▼ 31.4%€357,186within the sector's middle half▲ 19.1%€395,147within the sector's middle half▲ 10.6%
Total assets€1.2mwithin the sector's middle half▼ 11.1%€1.6mwithin the sector's middle half▲ 40.9%€1.5mwithin the sector's middle half▼ 7.2%€1.1mwithin the sector's middle half▼ 24.9%€1.4mwithin the sector's middle half▲ 24.6%
Debt€743,795▼ 19.3%€1.2m▲ 62.7%€1.2m▲ 1.6%€792,436▼ 35.6%€1.0m▲ 30.9%
Working capital€665,560▼ 13.7%€686,310▲ 3.1%€521,345▼ 24.0%€273,410▼ 47.6%€537,378▲ 96.5%
Solvency36.4%within the sector's middle half▲ 6.4pp26.6%within the sector's middle half▼ 9.9pp19.6%within the sector's middle half▼ 6.9pp31.1%within the sector's middle half▲ 11.5pp27.6%within the sector's middle half▼ 3.5pp
Staff (FTE)12.1above the sector's middle half▼ 11.0%12.3above the sector's middle half▲ 1.7%14.5above the sector's middle half▲ 17.9%14.9above the sector's middle half▲ 2.8%14.6above the sector's middle half▼ 2.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€435,837 ▼ 1.2%
Current assets
€996,467 ▲ 40.6%
Equity and liabilities €1.4m
Equity
€395,147 ▲ 10.6%
Debt
€1.0m ▲ 30.9%
Debt's share of the balance-sheet total rises from 68.9% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€359,119▼
2024 · €375,084
Cash flow
€279,568▼
2024 · €297,905
Current ratio
2.17▲
2024 · 1.63
Quick ratio
1.43▲
2024 · 0.85
Debt to equity
2.62▲
2024 · 2.22
ROE
42.5%▼
2024 · 55.2%
ROA
11.7%▼
2024 · 17.2%
Interest coverage
10.27▼
2024 · 13.84
Debt ≤ 1 year
€459,089▲
2024 · €435,231
Debt > 1 year
€571,837▲
2024 · €350,973
Income taxes
€51,186▼
2024 · €66,439
Staff costs
€580,701▲
2024 · €574,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,602 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,602 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 | €414,573 | €458,079 | €519,763 | €574,851 | €580,701 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,634 | €102,600 | €99,510 | €100,707 | €111,606 | ▲ 10.8% |
| Other operating charges640/8 | €4,906 | €4,037 | €3,841 | €3,894 | €6,604 | ▲ 69.6% |
| Gross operating margin9900 | €550,068 | €586,050 | €928,324 | €953,829 | €946,425 | ▼ 0.8% |
| Operating profit (loss)9901 | €19,956 | €21,334 | €305,210 | €274,377 | €247,513 | ▼ 9.8% |
| Financial income75/76B | €34,827 | €33,111 | €14,632 | €16,366 | €6,591 | ▼ 59.7% |
| Recurring financial income75 | €34,827 | €33,111 | €14,632 | €16,366 | €6,591 | ▼ 59.7% |
| Financial charges65/66B | €21,941 | €42,878 | €27,271 | €27,105 | €34,957 | ▲ 29.0% |
| Recurring financial charges65 | €21,941 | €42,878 | €27,271 | €27,105 | €34,957 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €32,842 | €11,566 | €292,571 | €263,638 | €219,148 | ▼ 16.9% |
| Income taxes67/77 | €1,200 | - | €25,193 | €66,439 | €51,186 | ▼ 23.0% |
| Profit (loss) for the period9904 | €31,642 | €11,566 | €267,378 | €197,199 | €167,962 | ▼ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €31,642 | €11,566 | €267,378 | €197,199 | €167,962 | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.6m | €1.5m | €1.1m | €1.4m | ▲ 24.6% |
| Fixed assets21/28 | €186,775 | €617,552 | €530,152 | €440,981 | €435,837 | ▼ 1.2% |
| Tangible fixed assets22/27 | €185,533 | €616,310 | €529,902 | €440,731 | €435,587 | ▼ 1.2% |
| Plant, machinery and equipment23 | €98,849 | €502,758 | €439,394 | €375,077 | €331,235 | ▼ 11.7% |
| Leasing and similar rights25 | - | - | - | - | €63,552 | - |
| Other tangible fixed assets26 | €86,683 | €113,551 | €90,508 | €65,654 | €40,800 | ▼ 37.9% |
| Financial fixed assets28 | €1,242 | €1,242 | €250 | €250 | €250 | = |
| Current assets29/58 | €983,063 | €1.0m | €999,724 | €708,640 | €996,467 | ▲ 40.6% |
| Amounts receivable after more than one year29 | €50,000 | €50,000 | €50,000 | - | - | - |
| Other amounts receivable291 | €50,000 | €50,000 | €50,000 | - | - | - |
| Stocks and contracts in progress3 | €292,350 | €316,578 | €361,481 | €339,873 | €340,064 | ▲ 0.1% |
| Stocks30/36 | €292,350 | €316,578 | €361,481 | €339,873 | €340,064 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €536,435 | €589,928 | €466,760 | €294,114 | €460,480 | ▲ 56.6% |
| Trade receivables40 | €60,091 | €173,496 | €205,190 | €122,240 | €354,843 | ▲ 190% |
| Other amounts receivable41 | €476,345 | €416,431 | €261,570 | €171,874 | €105,637 | ▼ 38.5% |
| Current investments50/53 | €9 | €9 | €10,009 | €20,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €93,179 | €66,958 | €105,879 | €53,229 | €188,876 | ▲ 255% |
| Deferred charges and accrued income490/1 | €11,088 | €6,817 | €5,595 | €1,424 | €7,048 | ▲ 395% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €1.5m | €1.1m | €1.4m | ▲ 24.6% |
| Equity10/15 | €426,043 | €437,609 | €299,987 | €357,186 | €395,147 | ▲ 10.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €326,043 | €337,609 | €199,987 | €257,186 | €295,147 | ▲ 14.8% |
| Non-distributable reserves130/1 | €10,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €10,000 | - | - | - | - | - |
| Distributable reserves133 | €316,043 | €337,609 | €199,987 | €257,186 | €295,147 | ▲ 14.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €743,795 | €1.2m | €1.2m | €792,436 | €1.0m | ▲ 30.9% |
| Amounts payable after more than one year17 | €422,398 | €856,168 | €745,275 | €350,973 | €571,837 | ▲ 62.9% |
| Financial debts170/4 | €34,069 | €398,278 | €315,413 | €231,657 | €215,014 | ▼ 7.2% |
| Trade debts175 | €388,329 | €457,890 | €429,861 | €119,316 | €356,823 | ▲ 199% |
| Amounts payable within one year42/48 | €317,503 | €343,980 | €478,380 | €435,231 | €459,089 | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | €82,459 | €124,448 | €91,342 | €92,242 | €89,675 | ▼ 2.8% |
| Trade debts44 | €186,675 | €176,909 | €70,859 | €105,530 | €128,144 | ▲ 21.4% |
| Suppliers440/4 | €186,675 | €176,909 | €70,859 | €105,530 | €128,144 | ▲ 21.4% |
| Taxes, remuneration and social security45 | €44,918 | €42,507 | €85,615 | €85,480 | €93,156 | ▲ 9.0% |
| Taxes450/3 | - | - | €4,688 | €1,504 | €2,852 | ▲ 89.6% |
| Remuneration and social security454/9 | €44,918 | €42,507 | €80,927 | €83,975 | €90,304 | ▲ 7.5% |
| Other amounts payable47/48 | €3,451 | €116 | €230,563 | €151,979 | €148,114 | ▼ 2.5% |
| Accrued charges and deferred income492/3 | €3,894 | €10,086 | €6,235 | €6,233 | €6,230 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,642 | €11,566 | €267,378 | €197,199 | €167,962 | ▼ 14.8% |
| + Depreciation and write-downs630 | €110,634 | €102,600 | €99,510 | €100,707 | €111,606 | ▲ 10.8% |
| Operating cash flow (approximation) | €142,275 | €114,166 | €366,888 | €297,905 | €279,568 | ▼ 6.2% |
| Investment in fixed assets (approximation) | - | -€533,377 | -€12,110 | -€11,536 | -€106,462 | ▼ 823% |
| Change in cash | - | -€26,221 | €38,921 | -€52,650 | €135,646 | ▲ 358% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €267,378 ▲2,212%
Operating result €305,210, net result €267,378, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €3,007 ▼79%
Net result drops to €3,007, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Scherpenheuvel-Zichem · 1 establishment unit since 2011
Ground area
2,455 m²
Building footprint
1,006 m²
Volume, LiDAR
4,136 m³
Parcel 24105B0138/00L000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Carrefour Market
since 20112.202.981.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24105B0138/00L000 | Flanders | 2,455 m² | 1 · 1,006 m² | 6.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 59,806 EUR awarded · 59,806 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2 EUR | 2 EUR |
| 2024 | 1 | 17,585 EUR | 17,585 EUR |
| 2023 | 2 | 13,659 EUR | 19,848 EUR |
| 2022 | 3 | 28,560 EUR | 22,371 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteScherpenheuvel-Zichem2.202.981.054
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840137388
Also
9925:BE0840137388
Registered
04-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.