'A
ActiveSummary
'A has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-33k) and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+51
Solvency19▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.09 against 3.67 in 2024; short-term debt: 23.3% and cash: 19.1% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 9%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
32 d late
2023
61 d late
2022
70 d late
2021
80 d late
2020
18 d early
2019
28 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-33k▲ 41.5%
2024 · €-56k
2018: €-87k
2019: €-87k● -0.0% vs 2018lowest in 8 years
2020: €4k▲ +105% vs 2019
2021: €12k▲ +196% vs 2020highest in 8 years
2022: €-37k▼ -398% vs 2021
2023: €-32k▲ +11.6% vs 2022
2024: €-56k▼ -73.1% vs 2023
2025: €-33k▲ +41.5% vs 2024
2018 → 2025
Total assets
€569k▲ 3.7%
2024 · €548k
2018: €596k
2019: €675k▲ +13.4% vs 2018
2020: €862k▲ +27.6% vs 2019highest in 8 years
2021: €678k▼ -21.4% vs 2020
2022: €673k▼ -0.7% vs 2021
2023: €599k▼ -11.0% vs 2022
2024: €548k▼ -8.4% vs 2023lowest in 8 years
2025: €569k▲ +3.7% vs 2024
2018 → 2025
Net result
€23k
2024 · €-24k
2018: €-137klowest in 8 years
2019: €-21▲ +100.0% vs 2018
2020: €53k▲ +251097% vs 2019highest in 8 years
2021: €8k▼ -84.5% vs 2020
2022: €-49k▼ -702% vs 2021
2023: €4k▲ +109% vs 2022
2024: €-24k▼ -658% vs 2023
2025: €23k▲ +198% vs 2024
2018 → 2025
Working capital
€410k▲ 13.2%
2024 · €362k
2018: €140klowest in 8 years
2019: €203k▲ +45.4% vs 2018
2020: €365k▲ +79.6% vs 2019
2021: €387k▲ +6.0% vs 2020
2022: €345k▼ -10.7% vs 2021
2023: €371k▲ +7.3% vs 2022
2024: €362k▼ -2.4% vs 2023
2025: €410k▲ +13.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-37k€-32k▲ 11.6%€-56k▼ 73.1%€-33k▲ 41.5%
2021: €12khighest in 5 years
2022: €-37k▼ -398% vs 2021
2023: €-32k▲ +11.6% vs 2022
2024: €-56k▼ -73.1% vs 2023lowest in 5 years
2025: €-33k▲ +41.5% vs 2024
Operating result€17k-€-42k€6k€-14k€26k
2021: €17k
2022: €-42k▼ -346% vs 2021lowest in 5 years
2023: €6k▲ +115% vs 2022
2024: €-14k▼ -333% vs 2023
2025: €26k▲ +280% vs 2024highest in 5 years
Net result€8k-€-49k€4k€-24k€23k
2021: €8k
2022: €-49k▼ -702% vs 2021lowest in 5 years
2023: €4k▲ +109% vs 2022
2024: €-24k▼ -658% vs 2023
2025: €23k▲ +198% vs 2024highest in 5 years
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: €26k after a loss of €14k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €569k
Fixed assets
€26k ▼ 48.2%
Current assets
€542k ▲ 9.1%
Key figures and ratios
EBITDA
€50k▲
2024 · €11k
Cash flow
€48k▲
2024 · €2k
Solvency
-5.8%▲
2024 · -10.3%
Current ratio
4.09▲
2024 · 3.67
Quick ratio
2.16▲
2024 · 1.32
Debt to equity
-18.28▼
2024 · -10.74
ROA
4.1%▲
2024 · -4.3%
Interest coverage
21.67▲
2024 · 1.14
Debt
€602k▼
2024 · €604k
Debt ≤ 1 year
€133k▼
2024 · €135k
Debt > 1 year
€469k=
2024 · €469k
Staff costs
€29k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€548k€569k▲
Fixed assets21/28€51k€26k▼
Intangible fixed assets21€800€400▼
Tangible fixed assets22/27€50k€25k▼
Plant, machinery and equipment23€741€508▼
Furniture and vehicles24€768-
Other tangible fixed assets26€48k€25k▼
Financial fixed assets28€604€604=
Current assets29/58€497k€542k▲
Stocks and contracts in progress3€319k€256k▼
Stocks30/36€319k€256k▼
Amounts receivable within one year40/41€86k€162k▲
Trade receivables40€21k€97k▲
Other amounts receivable41€65k€65k▲
Cash at bank and in hand54/58€85k€109k▲
Deferred charges and accrued income490/1€7k€15k▲
Equity and liabilities
Total equity and liabilities10/49€548k€569k▲
Equity10/15€-56k€-33k▲
Contributions10/11€45k€45k=
Reserves13€51k€51k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-152k€-129k▲
Amounts payable17/49€604k€602k▼
Amounts payable after more than one year17€469k€469k=
Financial debts170/4€469k€469k=
Amounts payable within one year42/48€135k€133k▼
Current portion of amounts payable after more than one year42€6k-
Financial debts43€2k€185▼
Credit institutions430/8€2k€185▼
Trade debts44€24k€33k▲
Suppliers440/4€24k€33k▲
Taxes, remuneration and social security45€51k€38k▼
Taxes450/3€49k€38k▼
Remuneration and social security454/9€2k€713▼
Other amounts payable47/48€52k€61k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€20k€87k▲
Operating profit (loss)9901€-14k€26k▲
Financial income75/76B€334-
Recurring financial income75€334-
Financial charges65/66B€10k€2k▼
Recurring financial charges65€10k€2k▼
Profit (loss) for the period before taxes9903€-24k€23k▲
Profit (loss) for the period9904€-24k€23k▲
Profit (loss) for the period to be appropriated9905€-24k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-152k€-129k▲
Profit (loss) brought forward from the previous period14P€-128k€-152k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €27k | €9k | €5k | €29k | ▲ 433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €27k | €26k | €25k | €25k | ▼ 3.6% |
| Other operating charges640/8 | €3k | €3k | €3k | €4k | €7k | ▲ 90.3% |
| Gross operating margin9900 | €81k | €15k | €45k | €20k | €87k | ▲ 322% |
| Operating profit (loss)9901 | €17k | €-42k | €6k | €-14k | €26k | ▲ 280% |
| Financial income75/76B | €59 | €0 | €1k | €334 | - | - |
| Recurring financial income75 | €59 | €0 | €1k | €334 | - | - |
| Financial charges65/66B | €9k | €7k | €3k | €10k | €2k | ▼ 76.4% |
| Recurring financial charges65 | €9k | €7k | €3k | €10k | €2k | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | €8k | €-49k | €4k | €-24k | €23k | ▲ 198% |
| Profit (loss) for the period9904 | €8k | €-49k | €4k | €-24k | €23k | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-49k | €4k | €-24k | €23k | ▲ 198% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €678k | €673k | €599k | €548k | €569k | ▲ 3.7% |
| Fixed assets21/28 | €129k | €103k | €76k | €51k | €26k | ▼ 48.2% |
| Intangible fixed assets21 | €3k | €2k | €1k | €800 | €400 | ▼ 50.0% |
| Tangible fixed assets22/27 | €126k | €100k | €75k | €50k | €25k | ▼ 48.8% |
| Plant, machinery and equipment23 | €3k | €2k | €1k | €741 | €508 | ▼ 31.5% |
| Furniture and vehicles24 | €4k | €3k | €2k | €768 | - | - |
| Other tangible fixed assets26 | €119k | €95k | €72k | €48k | €25k | ▼ 48.2% |
| Financial fixed assets28 | €604 | €604 | €604 | €604 | €604 | = |
| Current assets29/58 | €549k | €570k | €522k | €497k | €542k | ▲ 9.1% |
| Stocks and contracts in progress3 | €330k | €330k | €328k | €319k | €256k | ▼ 19.8% |
| Stocks30/36 | €330k | €330k | €328k | €319k | €256k | ▼ 19.8% |
| Amounts receivable within one year40/41 | €63k | €161k | €72k | €86k | €162k | ▲ 88.2% |
| Trade receivables40 | €11k | €86k | - | €21k | €97k | ▲ 361% |
| Other amounts receivable41 | €52k | €75k | €72k | €65k | €65k | ▲ 0.5% |
| Cash at bank and in hand54/58 | €155k | €79k | €122k | €85k | €109k | ▲ 27.5% |
| Deferred charges and accrued income490/1 | - | - | - | €7k | €15k | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €678k | €673k | €599k | €548k | €569k | ▲ 3.7% |
| Equity10/15 | €12k | €-37k | €-32k | €-56k | €-33k | ▲ 41.5% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves13 | €51k | €51k | €51k | €51k | €51k | = |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €46k | €46k | €46k | €46k | €46k | = |
| Profit (loss) carried forward14 | €-83k | €-132k | €-128k | €-152k | €-129k | ▲ 15.4% |
| Amounts payable17/49 | €665k | €709k | €631k | €604k | €602k | ▼ 0.5% |
| Amounts payable after more than one year17 | €503k | €485k | €480k | €469k | €469k | = |
| Financial debts170/4 | €503k | €485k | €480k | €469k | €469k | = |
| Amounts payable within one year42/48 | €162k | €225k | €152k | €135k | €133k | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | €19k | €19k | €19k | €6k | - | - |
| Financial debts43 | €50k | €50k | €50k | €2k | €185 | ▼ 91.4% |
| Credit institutions430/8 | €50k | €50k | €50k | €2k | €185 | ▼ 91.4% |
| Trade debts44 | €31k | €58k | €27k | €24k | €33k | ▲ 37.0% |
| Suppliers440/4 | €31k | €58k | €27k | €24k | €33k | ▲ 37.0% |
| Advances received on contracts in progress46 | - | €41k | €26k | - | - | - |
| Taxes, remuneration and social security45 | €49k | €46k | €30k | €51k | €38k | ▼ 24.4% |
| Taxes450/3 | €43k | €42k | €29k | €49k | €38k | ▼ 22.9% |
| Remuneration and social security454/9 | €6k | €3k | €796 | €2k | €713 | ▼ 62.8% |
| Other amounts payable47/48 | €12k | €11k | - | €52k | €61k | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-49k | €4k | €-24k | €23k | ▲ 198% |
| + Depreciation and write-downs630 | €35k | €27k | €26k | €25k | €25k | ▼ 3.6% |
| Operating cash flow (approximation) | €43k | €-23k | €30k | €2k | €48k | ▲ 2,694% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-77k | €44k | €-37k | €23k | ▲ 163% |
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
28-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 02/05/2026
- Registered-office move, 9180 Lokeren, Eksaardsedam 9
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 80 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2008
Ground area
1,021 m²
Building footprint
273 m²
Volume, LiDAR
2,809 m³
2 parcels, Flanders · tallest building 29.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nordic House
since 20082.171.296.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045F0379/00A000 | Flanders | 886 m² | 1 · 146 m² | 8.8 m · 2 fl. |
| 44802B1568/00H000 | Flanders | 135 m² | 1 · 127 m² | 29.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 834 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 (pre-2019)
Founded26-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
71112Activities of interior architects
Contact
Website
www.nordichouse.be
E-mail
team@nordichouse.be
Phone
09 395 00 44
Website
www.nordichouse.shopGent
E-mail
team@nordichouse.shopGent
Scores and ratios are computed by Checked and are not a credit decision.